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Calculate the ROI on Infrastructure Automation

Programmable infrastructure and a world where you can take your data with you wherever is the future.

A new era has arrived, one in which software development practices are being applied to physical objects such as roads or bridges for greater efficiency; this idea of transparent skies could very well become a reality soon!

You can’t put a price on efficiency. The return on investment (ROI) of infrastructure automation is essential to consider before you start implementing changes that could be expensive and time-consuming.

How is Automation Valued?

The process of automating a long, manual task can be very beneficial. If you run it frequently enough and with the right system, your savings will grow exponentially as time goes on!

Regarding infrastructure automation, one of the first questions businesses ask is, “What’s the ROI?” In other words, what are the tangible benefits of automating tasks such as provisioning, configuration management, and deployments? And more importantly, how can we quantify those benefits?

In this blog post, we’ll walk you through a simple process for calculating the ROI of infrastructure automation. By the end, you’ll have a clear understanding of the financial benefits of automation and be able to make a strong case for why your business should invest in it.

The Advantages of Infrastructure Automation

Infrastructure automation is the process of automating IT infrastructure configuration, provisioning, and management. It can help organisations to manage their infrastructure more efficiently, improve service quality, and reduce operational costs. In this blog post, we will explore some of the main advantages of infrastructure automation. 

  • Improved Efficiency and Productivity

Infrastructure automation can improve efficiency and productivity. By automating configuration, provisioning, and management tasks, organisations can free up time for other activities, such as developing new features or products and providing customer support. These tasks can reduce errors and improve accuracy.

  • Improved Service Quality

Another advantage of infrastructure automation is that it can improve service quality. By automating tasks such as monitoring and maintenance, organisations can ensure their infrastructure is always running smoothly and efficiently. Additionally, automating these tasks can help identify problems early before they cause significant disruptions. Organisations can provide better service to customers.

  • Reduced Operational Costs

Finally, another advantage of infrastructure automation is that it can help to reduce operational costs. This is because automating tasks such as provisioning and management can help to reduce the need for manual intervention. Additionally, automating these tasks can help improve efficiency and productivity, which can lead to reduced labour costs. In addition, automating these tasks can also lead to reduced energy consumption and waste generation. As a result, organisations can save money on their operating costs. 

There are many advantages of infrastructure automation. Automating tasks such as configuration, provisioning, and management can help to improve efficiency and productivity, improve service quality, and reduce operational costs. If you are considering implementing infrastructure automation in your organisation, carefully weigh all of these factors to make the best decision for your business.

Calculating the ROI of Infrastructure Automation

Now that we’ve looked at some of the benefits of infrastructure automation let’s talk about how you can calculate its ROI. To do this, we’ll use a simple formula:

 (Total savings from automation – Cost of automation) / Cost of automation = ROI%

For example, you spend $5,000 per month on labour to manually provision and manage your servers. You estimate that by investing in an automated system, you could reduce that cost by 50%. The cost of the computerised system itself is $10,000 upfront plus $500 per month in maintenance costs. Using our formula, we get: 

 ($5,000 * 0.5 – $10,000 – $500) / ($10,000 + $500) = -9%

This means that over two years—the amount of time it would take to fully recoup your upfront investment—you would see a negative return on your investment (ROI). In other words, investing in automation wouldn’t make financial sense for your business now.

Conclusion:

As you can see from our example above, calculating the ROI of infrastructure automation is relatively simple. However, it’s important to note that other factors besides financial ones should be considered when deciding whether or not to automate your infrastructure. These include the size and complexity of your infrastructure, your company’s culture, and your willingness to embrace change. That said, we hope this blog post has given you a better understanding of how to calculate the ROI of infrastructure automation and why it’s such an important consideration for businesses today. Thanks for reading!

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Redefining Business Process Outsourcing through Business Process Automation

The business process outsourcing (BPO) industry is worth an estimated $190 billion. But what is BPO, and how has it evolved? In this blog post, we’ll explore the history of BPO and how business process automation (BPA) is redefining the industry.

Business Process Outsourcing: An Introduction

Business process outsourcing (BPO) has been a popular cost-cutting measure for businesses for many years. The concept is simple enough: rather than having an in-house team handle a specific process or task, you outsource it to a third-party provider. This often results in significant cost savings, as BPO providers can leverage economies of scale to deliver services at a lower cost than most businesses could achieve on their own.

However, new development is beginning to change the BPO landscape: business process automation (BPA). BPA involves using technology to automate tasks previously performed by human workers. This includes data entry, customer service, and even complex financial processes.

The History of Business Process Outsourcing

BPO had its roots in the late 1800s when American companies began outsourcing manual labour to countries with lower wages, such as China and India. This practice continued into the 20th century with the rise of telephone operators and data entry clerks. However, it wasn’t until the 1990s that BPO began to take off. 

This was primarily due to technological advances that allowed communication and collaboration across vast distances. Suddenly, businesses could outsource not just manual labour but also knowledge work to countries with lower living costs. This led to the rise of call centres and other forms of customer service outsourcing.

In recent years, there has been a shift away from traditional BPO models. This is due to several factors, including the increasing cost of labour in countries like China and India, as well as the advent of new technologies that make it possible to automate many business processes.

Benefits of BPA 

There are several benefits that businesses can reap from implementing BPA: 

  • Cost savings: One of the primary benefits of BPA is that it can help businesses save money. Companies can reduce their labour costs by automating tasks that human workers previously performed. In some cases, BPA can also help enterprises improve their efficiency and reduce other costs, such as errors and rework.
  • Improved quality: Another benefit of BPA is that it can help improve the quality of work. BPA is designed to follow pre-determined rules and procedures. This contrasts with human workers, who may make mistakes or take shortcuts that result in lower-quality work.
  • Increased capacity: A final benefit of BPA is that it can help businesses increase their capacity without incurring additional costs. This is because BPAs can work faster and for longer hours than human workers. In some cases, this increased capacity can help businesses meet spikes in demand or complete time-sensitive tasks more quickly. 

Implementing BPA

If you’re interested in implementing BPA within your business, there are a few things you’ll need to do:

  1. Determine which processes you want to automate: The first step is to evaluate your business processes and determine which ones would be candidates for automation. To do this, you’ll need to consider factors such as the complexity of the process, the frequency with which it needs to be performed, and the availability of data and applications required to support it.
  2. Identify the right tools: Once you’ve identified which processes you want to automate, you’ll need to select the right tools. There are many different types of BPAs available on the market today, so you’ll need to evaluate your needs and choose the tool best suited for your specific requirements.
  3. Define success criteria: Before beginning any automation project, it’s essential to define what success looks like. This will help you select an appropriate tool and set realistic expectations for the project’s outcomes.
  4. Implement and test: Once you’ve chosen an agency and defined success criteria, you’re ready to implement your BPA solution. Be sure to test it thoroughly before rolling it out into production to address any potential issues before they cause problems for your business operations.

Business Process Automation: The Future of BPO?

Business process automation (BPA) is the use of technology to automate repetitive, low-value tasks typically performed by human workers. BPA can be used to automate a wide variety of business processes, including data entry, invoice processing, and lead generation.

One of the critical benefits of BPA is that it can help businesses reduce their dependence on human labour. This is especially important in today’s economy, where many companies struggle to find enough qualified workers to fill open positions. By automating low-value tasks, companies can free their employees to focus on more strategic initiatives.

BPA is also more efficient and accurate than human workers, and machines can work 24 hours a day, 365 days a year, without getting tired or making mistakes. This increased efficiency can help businesses save money and increase profits.

Conclusion:

The business process outsourcing industry is evolving thanks to advances in technology rapidly. Business process automation is redefining what is possible in terms of outsourcing and helping businesses save money and increase efficiency in the process. In the future, we can only expect BPA to become more prevalent as companies continue to search for ways to cut costs and improve performance.

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How to Embed Tableau or Power BI Dashboards into Web Pages without Using an Iframe

Iframe: An Introduction

Iframes are an HTML element that allows you to embed one HTML document inside another. While they are commonly used to embed videos or maps on websites, they can also be used to embed dashboards created in Tableau or Power BI. However, iframes can cause problems with security and website loading times, which is why some developers prefer to avoid using them. So, how can you embed a Tableau or Power BI dashboard on a webpage without using an iframe? Keep reading to find out.

Ways to Embed iFrame to your Web Pages

Many web developers shy away from using iframes because they can be difficult to work with. However, iframes are often the only way to embed Tableau or Power BI dashboards into web pages. If you’re looking for a way to embed your dashboards without using an iframe, read on!

Let us walk you through 3 methods for embedding Tableau or Power BI dashboards into web pages. These methods are:

1. Use Tableau’s or Power BI’s JavaScript API

2. Use a third-party service like Publitas

3. Use an open-source solution like Koalas

We’ll also provide a brief overview of each method so that you can decide which one is right for you. 

Method 1: Use Tableau’s or Power BI’s JavaScript API

  • If you’re aTableau or Power BI user, then you’re in luck! Both platforms offer a JavaScript API that allows you to embed your dashboards into web pages without using an iframe. 

The biggest advantage of using the JavaScript API is that it gives you full control over how your dashboard is rendered on the page. For example, you can choose to display the dashboard as a lightbox pop-up or inline within the page. You can also specify the size and position of the dashboard on the page. 

Another advantage of using the JavaScript API is that it’s relatively simple to set up and use. However, one downside is that it requires some knowledge of HTML and CSS in order to properly configure it. 

Method 2: Use a Third-Party Service like Publitas 

  • If you’re not a web developer and don’t have any knowledge of HTML or CSS, then using a third-party service like Publitas is probably your best bet. Publitas offers an easy-to-use platform that allows you to embed your Tableau or Power BI dashboards into web pages with just a few clicks. 

The biggest advantage of using Publitas is that it’s very user-friendly and doesn’t require any knowledge of HTML or CSS. Another advantage is that Publitas offers a wide range of customization options so that you can control how your dashboard looks on the page. 

However, there are some downsides to using Publitas. First off, it’s a paid service, so you’ll need to sign up for one of their subscription plans in order to use it. Additionally, because Publitas is a third-party service, there’s always the potential for compatibility issues between their platform and your dashboard software (e.g., Tableau or Power BI). 

Method 3: Use an Open-Source Solution like Koalas

  • Koalas is an open-source solution that allows you to embed Tableau or Power BI dashboards into web pages without using an iframe. The advantage of using Koalas is that it’s free to use and doesn’t require any knowledge of HTML or CSS. Additionally, Koalas offers a wide range of customization options so that you can control how your dashboard looks on the page. 

There are some downsides to using Koalas, however. First off, because it’s an open-source solution, there’s always the potential for compatibility issues between Koalas and your dashboard software (e.g., Tableau or Power BI). Additionally, Koalas doesn’t offer as many features as Publitas (e .g . , lightbox pop – ups), so keep that in mind when deciding which solution is right for you. 

Choosing the right method for embedding your Tableau or Power BI dashboard into a web page depends on several factors, including your level of technical expertise, budget, and desired features. We hope this blog post has helped you better understand your options so that you can make an informed decision about which method is right for you.

Conclusion: 

Iframes are commonly used to embed dashboards created in Tableau or Power BI onto websites. However, they can cause problems with security and website loading times. As such, some developers prefer to avoid using them altogether. Luckily, there are two methods that you can use to embed a Tableau or Power BI dashboard on a webpage without using an iframe. So, whether you’re a developer who wants more control over the code or someone who just wants an easy solution, there’s a method here for you.

5 Impactful Ways IPA is Disrupting the Insurance Industry  

The use of Intelligent Automation (IPA) in insurance is making big waves in a once archaic industry. By operating in a highly regulated environment with demanding clients, insurers advocate the introduction of artificial intelligence into their daily processes. 

To gain a competitive advantage, several insurers have already deployed an automation strategy in areas like new Business Processing, Claims Processing, and Finance. The insurance industry is currently intensively evaluating use cases for intelligent automation in order to increase the efficiency of current processes and thus reduce operating costs. 

According to McKinsey: “IPA can cut the cost of insurance claims processing by up to 30% and a large insurer could more than double profits over 5 years by digitizing existing business.” On that note, let’s quickly understand how IPA is disrupting the insurance industry.  

1. Digitally powering a changing insurance landscape  

The insurance market has become competitive and more robust in recent years with the arrival of online P2P insurers, technology operators, and insurance players. While digitization in the insurance sector is bound to create opportunities, it also presents new challenges for traditional players. 

With low-interest rate scenarios, the income streams of old insurance companies quickly dry up, as premiums from clients investing in different financial institutions do not pay the same returns as in recent years. In the future, these challenges may increase, due to the rapid pace of digitization and changing customer preferences. 

However, insurers who have taken the pulse of the digital revolution and innovated their products and value chain have grown. 

2. Analyzing operations and optimizing business processes 

The insurance industry is taking an approach where it holistically implements intelligent process automation more effectively to improve its performance.  

The whole approach is to analyze end-to-end operations and find new and efficient ways to use automation technologies to optimize business processes. The technology not only liberates the employees from the hassle of doing repetitive, paper-based tasks but focuses more on people-oriented tasks and helps in delivering personalized, top-quality customer service backed by complicated and real-time data profiles. 

IPA can be effectively utilized by insurance companies to scan photographs and analyze and clear damage or settlements in a more effective and quick manner. Nowadays, the use of high-end voice technologies can help bring down the insurance settlement error rates to about 6 percent (which equals that of an average human). The combination of voice analysis and image recognition technology can help an insurer reduce the challenges or complexities associated with adjusting and assessing claims. 

3. Addressing challenges faced by the insurance industry  

Insurance companies face multiple challenges in this increasingly digitized world. Here are some of the main hurdles insurers face: 

Manual Data-Entry  

Insurers suffer from tedious, prolonged, and tiresome activities like collecting and entering data which is done by humans. These processes are expensive, prone to inaccuracies due to human error, and result in slow response times.  

Accommodates Strict Regulatory Standards  

Operating in multiple regulatory jurisdictions, insurers must adhere to evolving rules regarding capital regulation, transparency, reporting, and interactions with clients. Insurance companies can face heavy fines and damage their reputation if they fail to comply.  

Legacy Applications and Miscellaneous Systems  

Insurers’ banking processes are heavily dependent on legacy systems and software. These programs can no longer meet the needs of modern customers and processes. Companies must invest a large part of their budget and resources to implement new technologies capable of meeting these requirements 

Scalability 

Insurers are subject to seasonal peaks which only become more difficult in the event of a large-scale disaster. Such spikes require the complaint process to be efficient and accurate when dealing with a large amount of incoming data.  

Increasing Demand for Better Client Service 

Today’s insurance customers are tech-savvy and have little patience for bad customer service. They expect transparency, customizable options, and fast response times and are ready to go around a large number of competitors in the market if their needs are not met. 

4. Deploying bots for rudimentary decisions 

IPA is already changing the way insurance companies operate. The bot’s hardworking workforce not only emulates repetitive, rule-based transactional and administrative tasks but also handles some basic decision-making levels. Experts in the human domain are therefore free to focus on more strategic tasks involving reasoning, judgment, and emotional intelligence.  

This digital workforce of bots is getting smarter with Intelligent Automation enabled by transformational technologies like Machine Learning (ML), Computer Vision, Artificial Intelligence (AI), and Natural Language Processing (NLP). Typical areas where intelligent automation makes a huge difference are: 

  • Policy Administration and Servicing  
  • Renewal Processing 
  • Claims Processing  
  • Underwriting 
  • Regulatory Compliance  
  • Process and Business Analytics 
  • Sales and Distribution  
  • Finance and Accounts 

5. Future-proofing the insurance industry  

With IPA in the increasingly sophisticated insurance industry, it will provide a cost-effective way to meet rapidly changing regulatory requirements and help businesses focus on long-term strategic issues. AI-based support can reduce documentation times by up to 80%, making insurance companies more profitable.  

Today’s businesses need to rethink how they want to use human potential and how much they can trust a computer to run their operations. In this way, one thing becomes clear: human contact will become paramount in the future, especially when robots will perform most of the repetitive and mundane tasks.  

Although high-frequency products are digitized and automated to a greater extent, it can be difficult to convert existing policies in this new field, it is not only a technological challenge, but the product must also evolve to meet the needs of current market conditions and regulatory landscape. Insurers will need to consider digitization from a broader perspective that includes product innovation, services, and business models. 

Conclusion 

Insurers can profit vastly from Intelligent Automation, and those who have already turned to automated solutions are already seeing the impact. By effectively planning and implementing AI solutions, businesses can transform their operations, reduce costs, increase employee engagement, and improve the customer experience. 

Futran Solutions has partnered with leaders in the industry (e.g. Automation Anywhere) to provide a solution that is rooted in domain experience, built on a solid foundation, and can be scaled incrementally. We specialize in AI and RPA technologies, however, we understand that the critical success factor for automation programs is the domain knowledge about the processes, and not only the technology. 

Futran Solutions has worked with insurtech start-ups as well as global insurance leaders to develop Intelligent Automation solutions for improving business processes. Our team has experience in creating custom automation applications that use visual recognition, machine learning, and other AI tools that simplify the management of routine tasks, whether it’s underwriting, claims processing, or customer experience. 

Futran Solutions is a Digital Technology organization focused on Data Analytics, Cloud, Automation, and New Age App Development. 

3 Strategies for cloud enabling your business

As per IDG Cloud computing survey, 92% of organization’s IT environment is at least somewhat in the cloud today. If you are in those 8% who have not adopted cloud yet, you are clearly missing out on the benefits that other organizations are getting. By now, I am sure you know the most benefits that Cloud infrastructure offers, but let’s refresh it once more –

  1. More Resiliency – The cloud providers scale up and down as per your seasonal needs. It is the most ideal way to support your growth, as you don’t need to purchase and hold assets for a peak requirement, but you can adjust as you go along.
  2. Less Headache – You don’t need to keep an army of people to upkeep your servers, manage security and hardware failures. You can sleep well knowing that the cloud providers are well-equipped in security and disaster recovery capabilities to ensure safekeeping of your assets and data. You, of course, need help to plan, configure and monitor it, but once you get the setup right, it is a smooth journey.
  3. Access to new capabilities – The cloud providers offer advanced capabilities and services that make your life easier. With a competitive market, the more and more services are being made available and the cost is going down. In 2021 AWS: reinvent, Amazon announced more than 50 new services on the top a very mature array of services. You can access these capabilities with a click of button, right from document storage to artificial intelligence, and create growth opportunities for your business.
  4. Potentially less cost – I am being careful here as many organizations have seen increased monthly spend when they compare with their current ‘infrastructure’ costs. However, if you look at it holistically by adding people/process/tools costs of running your current (and future business), the cloud costs will be potentially much lesser.

If you are convinced and are thinking of adopting cloud for your business, what should be your strategy for adoption?

There are following three popular strategies that our customers have adopted –

  1. Lift and Shift

    If you have a portfolio of applications on your premise, the fastest way to address your ‘cloud adoption’ business case is by lifting and shifting your applications cloud. It makes sense if you are going to get rid of your data center (or hosting provider) and save money on operations by migrating to cloud.
    Although you can do it manually by evaluating every application, for a portfolio of applications, tool-based migration process is preferred. There is a very strong tooling ecosystem for AWS, including its own Cloud endure ( now AWS MGN), to support the migration. The tools can help you right from ‘Discovery and Planning’, ‘Creating a business case’, Migration and also post-migration ‘Monitoring and Support’.

  2. Fit and Shift

    It is my favorite option as it lets you leverage the new capabilities that Cloud offers while preserving the value of your legacy investments. It includes selectively replacing components of your current application by ‘cloud managed’ components. For example, you can swap an Oracle database for AWS RDS, and reduce your license costs and maintenance efforts. As you are developing a strategy by assessing every application, it takes a longer time (~8-12 weeks for 30 applications) to define your migration strategy, but your potential benefits are likely to be much higher than just ‘lifting and shifting’ to cloud.

  3. Don’t Shift, Go Native

    If you are convinced that your legacy is not going to support your future growth, it is better to re-architect your applications and re-develop using cloud native capabilities. The cloud provides many platform services to rapidly build and deploy a ‘cloud-native’ application, so it may not be overly expensive option. For a global association of risk professionals, we recently re-developed their mission-critical financial risk estimation application within just 2 months, by reusing their existing python based code and leveraging AWS serverless and RDS services. This approach not only saved the development and maintenance costs, but also provided a scalable solution to onboard new associates very easily.

In conclusion, the cloud provides significant benefits to your business and there are proven strategies to adopt the cloud. Futran, in partnership with AWS, helps organizations to define the migration strategies and adopt it in cost-effective, risk-free way. Please contact a Futran Cloud Specialist if you want to know more about how we can help.

The Big Data Game: How Data is Causing Major Metamorphosis in The Insurance Industry

Today, data is an asset that can be used both internally and externally. Companies can collect more information than ever before in a variety of ways. Digital interactions with customers on mobile devices and stationery allow us to track interactions and requests.

The Internet of Things (IoT) has provided billions of connected devices and objects equipped with tools to measure, record and communicate information about purchases, customer responses to advertising campaigns and marketing messages that can be captured and analyzed.

Accurate information requires data analysis programs that can easily collect, store, analyze, display, and report on information from a variety of sources. These insights provide business leaders with the information they need in real-time to make better decisions.

The Data-Backed Change

With converting client expectancies and the sheer expanse of data being collected, insurance businesses are already converting their models and processes.

Among the high-quality modifications are the following:

  • Investment in tools to better understand their customers, their expectancies and their needs
  • Development of recent insurance alternatives to provide guidelines which are shielding extra items
  • Responding to an ageing populace whose insurance needs are converting in massive numbers and quickly
  • Realtime processing and mobile apps that respond to the expectancies of younger customers, who anticipate a digital-first approach (this pace and responsiveness are often contrary to the traditional approaches insurers had in the past)
  • Using new technology inclusive of blockchain, artificial intelligence, machine learning, and the IoT to create better operational efficiencies and create more connections with objects and customers

Challenges faced by insurers in leveraging data to drive digital transformation

Digital transformation provides a fantastic possibility for insurance companies. However, the same companies may also face limitations that delay the utilization and leveraging of data.

Among those problems are:

Lack of Policies and Procedures: 

Many insurance companies have grown because of acquisitions, which means that the integration of systems and policies is challenging.

The data-driven insurance company needs:

  • Data governance structures and policies
  • Consistent data definitions
  • Clarity of data ownership
  • Standards for the collection, storage and use of data
  • Data security guidelines

Cultural and Organizational Roadblocks: 

An insurance company that desires to achieve success in the use of data in new approaches needs to address these concerns promptly:

  • Internal cultural variations in how data is seen, valued and used
  • Data stored in silos without standardization and a single source of information
  • Complex data structures
  • Inconsistent data formatting
  • Reluctance to share data internally
  • Data quality and more than one kind and sources for data (structured, unstructured, collected, purchased)

Technological Barriers:

Technology is a common barrier or leveraging data. Challenges include:

  • Data stored both in the cloud and on-premises
  • Legacy systems, often highly customized
  • Lack of certified internal IT resources

Leverage data with Futran  

Here are some recommendations for optimizing the opportunity for digital transformation for Insurance companies.

  • Invest in Data Analytics – Big data analysis tools enable insurers to collect and use data from multiple sources at the same time, identify patterns, better detect fraud, and resolve cases faster.
  • Using advanced OCR software – The insurance process still relies on paper, either that it generates or that comes from other sources. Sound OCR software reduces manual entry and re-entry, promotes better storage, retrieval and analysis of unstructured data while accelerating processes.
  • Improves two-way communication – Insurers need to better engage with their customers — apps, content, and messaging tools. Tools should be primarily mobile and include features to capture interactions and outcomes.
  • Use AI to improve engagement – Artificial intelligence tools like virtual assistants can provide customers with the information or live assistance they need, saving resources and fixing routing issues.
  • Partners for Transformation – Insurers need strategic partners to help them collect, analyze and use data for digital transformation.

Conclusion

Emerging Leaders in the insurance industry are using insurance data analytics to manage risk selection and pricing strategy decisions. New-gen technology is working progressively to implement regulatory approaches to understand big data in a variety of insurance transactions such as underwriting, claims management, customer satisfaction and policy management to provide better predictive analytics. This allows insurance companies to describe the analytical decision-making process in all of their internal processes and business operations.

Futran helps insurance companies with their digital transformations by providing the best Data Analytics solutions such as Cloud-Based Data Warehouse & Data-Lake, Data Management, Managed Services & Analytics Model Development.

Futran Solutions Joins Duck Creek Technologies Partner Ecosystem as Consulting Partner

EDISON, N.J., June 21, 2021 /PRNewswire/ — New-Jersey-based digital technology organization Futran Solutions announced today that it has been named a consulting partner of Duck Creek Technologies, a leading provider of SaaS core systems for P&C insurance businesses.

As a digital in sourcing partner, Futran is able to extend the Duck Creek Platform’s capabilities and technology to partner organizations and mutual customers. Futran’s move to partner with Duck Creek comes just a few weeks after Anil Vazirani joined Futran Solutions as CEO. With over 20 years of dedicated experience in the insurance sector, Vazirani has adopted a host of measures to broaden Futran’s insurance practice. This consulting partnership with Duck Creek is slated to be the first of these important measures.

Futran Solutions Joins Duck Creek Technologies Partner Ecosystem as Consulting Partner

Commenting on the partnership, Vazirani said, “Futran’s vision is to be the ‘Best Insourcing Partner’ for insurers and help them build in-house competency in the insurance domain and Duck Creek solutions by seeding in the best talent and bringing in proven accelerators. Futran specializes in Business Analysis, Front Ends, Integrations, and Data Solutions.”

Futran has also developed its “Make it Ez” framework for simplifying implementation and testing processes, and has invested in developing accelerators such as EzApp, EzBot, and EzAPIs with a set of reusable components. Using its experience in the insurance domain, Futran has developed add-on engagement solutions such as Quick Quote, Claims FNOL and Underwriting Approval Management.

The partnership between Futran Solutions and Duck Creek technologies has been effective since June 1, 2021.

8 Most Underrated Skills That Will Take You to the Top in Jobs

Change is the only constant in our dynamic world progressing in leaps and bounds with advancements in science and technology. We need to constantly keep updating and improving our skill sets and knowledge to stay ahead of the ever-growing competition. Thousands of fresh graduates pass out every year, looking for interesting job opportunities to embark on their professional journey to success, worried about their lack of experience and skills. It is essential for young graduates and experienced professionals to persevere and develop new skills to reach the zenith of their potential. Here are a few underrated skills that will take you to the top in your career.

Lateral Thinking 

Lateral thinking and the ability to foresee various outcomes in important situations is a valuable asset for companies in all fields and sectors. Good knowledge regarding the various factors that influence the course of actions and the factors that can impact them allows you to take calculated risks and improve the chances of positive outcomes. History is often the best teacher in most ventures as it provides valuable insights regarding the nature of your fields and sectors improving your decision-making skills. Employees with out-of-the-box thinking skills are in high demand at companies as they help progress efficiently with their creative solutions and intelligent inputs. 

SEO – Search Engine Optimization

Search Engine Optimization is highly in demand in different fields and sectors with the growing trend of digital marketing and online shopping. It improves the visibility of online sites leading new potential clients to your website and thus your products and services. SEO involves a proper understanding of Web Crawlers like Google that collect information regarding various sites to display suitable results for people who search using them.  

It has grown to become a fundamental requirement to join digital marketing teams and involves improving the quality of content and its presentation to attract online searchers and improve visibility. Develop SEO skills to find interesting job opportunities in digital marketing teams and also in your ventures and businesses to improve reach and client base. 

Data Science

Data sciences are a rapidly growing field that has proved to be a lucrative opportunity for new graduates looking out for jobs. It involves the collection and analysis of vast amounts of data and making meaningful, valuable interpretations from it for the companies to benefit from. Data science requires basic knowledge of programming languages and its basics can be learned within a short period to land a job in the sector.

Online camps and offline institutions conduct data science classes for interested candidates to train them efficiently and empower them to handle jobs in this sector. It is of great application in most fields as it helps companies add value to customers and the services provided to them by allowing you to analyze the varying market trends and predict their requirements.

Content Management System Skills

Employees with a good knowledge of Content Management System Skills have various interesting job opportunities in the current scenario as they are often thought of as complex and hard to master. It involves a proper understanding of the content management systems and keen presentation skills to organize the content and display it efficiently. These skills have great applications in digital marketing, project management, analytics etc. and can provide a good start for people looking out at new career opportunities.

Digital Design

Proficiency in the design and development of interesting audiovisual content is also a valuable skill that has widespread applications in our digital world. Experience with applications for image editing and video making applications like Photoshop and Power director respectively make the candidates an interesting addition to digital marketing and advertising teams. Digital design requires an aesthetic approach to the projects and adequate knowledge regarding concepts colour matching, design elements, the ratio etc. to achieve suitable results in their work processes.

Business Communication

Business communication is an important skill that can greatly improve your efficiency in interacting with your clients and superiors. It helps you negotiate deals and terms efficiently ensuring profit and successful collaboration with your partners and clients keeping all involved parties happy. You can build strong, stable relationships with your clients and ensure transparency and trust with them. This skill has great application in sales and marketing teams and HR teams to improve communication with your clients and colleagues. 

Coding and Application Development

Coding and application development are popular skills that have provided great scope for graduates over some time. While it is not everyone’s cup of tea, a cursory knowledge of the area will prove to be extremely useful in most fields and sectors with the development of low-code or no-code platforms assisting application designers. You will be able to identify bugs in the front end or the back end of application architecture and contact your app developer in time to rectify them without having to waste a lot of time in the process.

Never Settle

A good social media presence and constant lookout for new job opportunities is an important attribute that will progress your career to interesting and lucrative areas. Develop strong relationships with others working in your community and further your social circle beyond your department or your company. It will also help you stay informed regarding the availability of new job opportunities that open up in top companies allowing you to apply for the same. 

Online job platforms also provide great assistance in this respect as they help you stay updated regarding the availability of job opportunities at different companies and enterprises for interesting job positions. Utilize them efficiently to capitalize on the wide range of opportunities that have come up with the rapid growth of companies. 

Conclusion

The journey to great success and achievements in your career is not an easy one and requires utmost dedication and continuous self-improvement. Pick up new skills that help you stay relevant in our dynamic work environments and evolve to become highly versatile and proficient in multiple skills. 

Do You Make These 8 Common Profile Building Mistakes?

One of the biggest mantras for anyone looking forward to impressing another person, especially for job aspirants looking out for new positions at different companies and enterprises is “The first impression is the best impression”. Your profile is the first thing employers and HR teams go through before going ahead with interviews for any job position and a good profile will set you apart from the start, giving you the edge over hundreds of other aspirants applying for the same position. 

Many highly qualified aspirants lose out on the wonderful opportunities they deserve due to unrefined profiles that do not convey their efficiency and skills appropriately. A well-crafted resume presented in an orderly fashion will significantly improve your chances of getting the job of your dreams and boost your career to greatness. Here are a few insights on the most common profile building mistakes and how you can avoid them when applying for new job opportunities. 

  • Avoid Cliches

    Your profile has to be a short and crisp representation of your skills and achievements to make it appealing to employers and HR teams. It is wise to leave out highly common attributes such as “Good communication skills, Leadership abilities, Ability to collaborate and work efficiently as part of a team” on your profile as these are present in almost every profile they commonly come across. Unique profiles with original content produce a better impact on viewers than profiles filled with repetitive content. 


  • Error Proof with Spellcheck and Grammar Check 

    Your proficiency in language and vocabulary might not be an essential requirement for your desired job position, but they do play a huge role in creating a positive impression. Profiles filled with spelling mistakes and grammatical redundancies will negatively impact your chances of getting selected and might also be construed as a lack of efforts to design a proper profile from the employer’s perspective. Ensure your profile is grammatically sound and free of any spelling errors to enhance your probability of landing a good job. 


  • Formatting and Presentation

    Tailor the content in your profiles to best represent your skills and achievements by properly organizing and formatting your content. Segregate your content based on the level of importance and retain only skills and knowledge associated with your profession and desired job position instead of cramming everything in your profile. Maintain a neatly organized profile that can be easily read by employers in simple fonts like Arial, Times New Roman etc. instead of using complicated stylish fonts that make it hard to view and read.

 

  • Content is the King

    Focus more on your achievements and positions you have served in rather than the duties you have performed in your tenure. Freshers mostly restrict their profiles to a single page due to lack of experience and content to write about, but experienced professionals might have a lot of content to include in their profiles and it is essential to restrict it to highly essential content that holds relevant to the current scenario in their respective fields.

  • Accuracy and Honesty

    Accuracy and Honesty are significant factors that contribute to developing proper profiles as inconsistencies in the information provided in your profile can be easily tracked down and lead to a lack of trust from employers. Ensure that the details regarding your previous positions and their duration have been entered correctly to avoid any confusion that might affect the credibility of your profile. Avoid inconsistencies in your profile and add only the skills you have adequate expertise with, to avoid any embarrassing situations that might crop up during interviews for new job positions. 


  • Avoid Gaps in Profile 

    People rarely stick to the same companies they start at and generally tend to explore new job opportunities at different companies and enterprises. Ensure to fill any gaps in your career between different positions you have served by mentioning to have used that time to acquire valuable skills and expertise in your field. Attempts to improve knowledge and skillsets will be looked onto a sign of perseverance and dedication, helping improve your chances of getting your desired job and the presence of gaps in your careers without a proper reason often leaves the employers to assume reasons on their own, which negatively impact your profile. 


  • Personal Touch 

    It is essential to provide HR teams and employers who go through your profile with a few insights about your personal life and interests. It improves their understanding of your general character and lifestyle, improving your chances of landing the job. Mention your hobbies and interests in your profile and maintain a personal touch to it, keeping it to minimal and engaging. 

 

Conclusion

Your profile is your biggest asset that pushes your job applications past hundreds of similar applicants competing with you and it needs to be unique to make it appealing for employers. Avoid these regularly found errors in profile building and craft a short, crisp, neatly formatted resume that stands testament to years of your hard work and experience. 

5 Reasons To Choose No-Code Platforms For App Development In 2021

The growth of science and technology has propelled our transition to digital landscapes, keeping us on our toes as we struggle to keep ourselves updated on the latest advancements and innovations in different fields and sectors. Smartphones have transformed from luxury commodities to bare necessities to survive and function efficiently in a highly competitive environment. Mobile applications have simplified life for us, bringing the world within our grasp, providing us unfettered access to a wide variety of services and products. 

 

The growing demand for mobile applications has made it a lucrative area for growth and expansion and digital companies are investing to tap its potential. The development of No-code platforms for designing mobile applications has enabled companies around the world to work on developing mobile applications without having to employ professional coders who charge exorbitant prices for their services. 

 

Here are a few reasons that make No-code platforms the ideal medium for application development in 2021:

 

Fast Turnaround Time

No-code platforms improve the work efficiency of your design teams and allow them to deliver high-quality products within a reduced time frame, attracting new assignments and clients. The incorporation of no-code platforms provides users with a drag-and-drop model allowing them freely explore the software and design intelligent applications of high quality and standards. It allows for design teams to work with multiple projects at the same time without having to write every line of the code to make the application. 

 

Use of Internal Resources

The use of No-code platforms eliminates the need for hiring professional coders to work with your teams and design mobile applications. The advent of Rapid Mobile Application Development platforms has enabled companies and organizations across various fields and sectors such as Finance, Banking, Healthcare etc.  to design their applications without external assistance and develop customized applications for their use. The ease of use and freedom offered by the no-code platforms makes it preferable to collaborating with professional coders.

 

Adaptability and Ease of Use

The use of no-code platforms allows application designers to make modifications and changes with their applications without having to change much unlike coded platforms where even minor changes like the application will require many changes in the coding of the application. No-code platforms allow for streamlined application development processes and help clear backlogs, proving to be beneficial for companies in a state of constant flux and changes. Designers can make changes in the applications at different levels of the interfaces without having to worry about potential bugs in the application.

 

No-code platforms improve the scalability of financial institutions as they can use previous versions of the software to build on and improve the functionality of the software. The mobility offered by the application and access from different devices with internet connections proves highly beneficial for customers on travel. 

 

Cost-Effective

The use of No-code platforms reduces the time involved in the development of the applications and cuts down on the expenditure of time and resources for the same. Cloud-based software applications eliminate the need for servers and maintenance, allowing companies to gain access to the services without spending much for them. This allows companies to re-route their expenditure to other areas of requirement, improving the overall productivity and value of the company.

 

Lower Risk and High Return of Investments

Low risk and High Return of Investments (ROI) make no-code platforms the ideal solutions meeting the needs of growing companies and organizations. The reduced cost of owning the software ensures the return of investment within shorter periods. Any failure in the application will also not affect the company significantly as there are not many resources invested in making the application when compared to conventionally coded applications.

 

Various companies such as Futran Solutions offer stable no-code development platforms for companies to capitalize on and develop customized applications for their needs. Their client-centric, agile platform coupled with the robust API development wing make for a formidable combination that can help your design the best application for your company. Companies in the financial, banking, healthcare and life sciences sectors can begin their transition to no-code platforms under the able guidance of such efficient platforms assisting them through their digital journey. 

 

Conclusion

No-code platforms have been displayed a plethora of advantages over conventional platforms with the flexibility and freedom they offer, greatly boosting their demand. Companies are looking out for efficient partners to initiate the digital transition and get their employees trained and accustomed to no-code platforms for designing applications for their companies. No-code platforms do have a few inherent disadvantages but the huge number of advantages associated with them make them preferable to conventional systems. Get on board with Futran Solutions and explore the world of No-code platforms to design high-quality applications for your companies at optimal prices.