10 Lesser-Known Factors That Could Affect Your Career Growth

/0 Comments/in , , , /by

We live in a goal-oriented world with every one of us running behind our ambitions frantically deeming our merit by whether or not we achieve the goals we set for ourselves. Advancements in the fields of science and technology have opened up various uncharted career paths for young aspirants to explore and grow. The Internet has brought the world to our palms, with unlimited access to information from all places across the world. Vast exposure to different fields and sectors allows us to make informed decisions regarding our career choices and how we can choose the optimal route to success and growth. Here are a few factors that could affect your career growth and help you grow immensely if you manage them right.

  • Reach Out to Opportunities – Digitization of companies and enterprises across the different fields and sectors has greatly improved the range of opportunities available for people interested in various job positions. The conventional approach of waiting for new opportunities to come up without looking out for them has been phased out with the onset of online platforms that help people reach out to companies from countries across the globe. 

  • Online Job Platforms – Look out for new job opportunities in your fields in popular online platforms to gain insights on the skill and expertise requirements required for these jobs. There are various communities and online platforms like Glassdoor which provide useful information regarding the work environment and nature of work in different companies as reported by employees who are working there or who have had an experience working there. They help make critical decisions that will significantly boost your career.


  • Develop Relevant Skills and Expertise – The world is a rapidly growing place and we need to constantly adapt to the new changes to keep in pace with it. New software and technological advancements revolutionize companies and enterprises in all fields and sectors and we must stay updated regarding these new advancements to stay ahead of our competition. Constant efforts to keep up with the latest advancements will reward you with wonderful opportunities to grow and expand.

  • Community Outreach – Valuable contacts and experience are two factors that set apart seasoned professionals from amateurs just entering the fields. While experience is an accumulating asset, we must develop good stable relationships with our colleagues and eminent personalities in our fields. It puts us in a position of great advantage as the web of contacts acquired by developing such relationships provides us great leverage when looking out for new opportunities by offering vital information and suggestions propelling our growth.

  • Interpersonal Skills – Creativity and good communication are important factors that can improve your career growth. Do not restrict your thought processes to conventional norms and protocols. Venture out to new horizons and communicate well with people of all age groups to gain a diverse perspective that is not constrained by preset norms and thought processes that are too stubborn to adapt to change. Good relationships built with all sectors of your companies and enterprises will provide you with a holistic knowledge of the work processes helping you make innovative changes that can boost the productivity and efficiency of your team, helping you grow your career.

  • Work-Life Balance – A peaceful and supporting home environment can help you progress your career greatly. Chaotic personal relationships and instability in lives negatively impacts your performance and efficiency and undermines your general quality of life. It is essential to find the ideal balance between the time spent on bolstering your career and nurturing personal relationships as they go hand in hand in improving your lives and getting you successful. 


  • Financial Security – Financial security plays a critical role in most of the decision-making processes involving the growth of your career. Shifting to new jobs or setting up new startups requires confidence and financial security as they are huge risks that could set you back in your career. Adequate financial support helps you mitigate the risks significantly allowing you to explore and implement your ideas freely without being restrained by caution and worries.

  • Mental and Physical Health – This is the most important factor that most of us tend to ignore and take for granted, with a great impact on our growth and development. Adequate time must be devoted to physical exercise to stay healthy and sharp, helping you stay focused on the task at hand. Mental acuity and the ability to adapt to changing surroundings is vital to stay relevant in different fields and sectors and good mental health help us achieve the same. 

 

Conclusion

We live in a highly competitive world with new companies and enterprises getting set up in different fields and sectors fighting for dominance and profits. Adaptability and the continuous desire to learn new things to stay ahead of the curve is what will help you progress and achieve your desired goals and desires. You must handle these factors suitably to allow the smooth and constant progression of your career.

Digital Transformation and the Cloud: What Lies Beyond Cost and Productivity?

/0 Comments/in , , , , , /by

Cloud computing has revolutionized the field of information technology for companies and organizations across different fields and sectors. It has attracted companies globally to initiate their digital transformation and discover the power of connectivity and cloud computing. Companies adapt to cloud computing and enjoy the various benefits offered by the resource as it provides them mobility and access like never before with decentralized storage systems with high security. Work from home and easy collaboration between employees have been made possible with seamless sharing of documents and data using cloud computing. Here are a few insights on the future of digital transformation and cloud computing and what lies in it for us.

Cloud Computing and Digital Transformation

Cloud computing has been a ray of hope for small and large businesses alike as it helps them handle huge loads of information and data without having to invest on physical data storage. It allows organizations to cut down on the workforce required to manage and store data allowing them to effectively redistribute their human resources to other areas of improvement. 

Digital transformation has become a necessary requisite for companies and organizations to sustain their growth and performance in the global markets. AI and machine learning have helped simplify work processes and boost their potential to handle more clients and provide services. Cloud computing has been the starting point for most companies as they expanded their reach to the digital world. 

Future Beyond Cloud Computing and Digital Transformation

The field of Information Technology has been constantly growing and evolving with time to suit the changing requirements of companies. Cloud computing has been no exception with new features upgraded to the online storage platforms that have enhanced their overall functionality and ease of use. 

The incorporation of advancements in areas of Intelligent Process Automation, Data sciences and new age application development such as low-code and no-code platforms for application development have enhanced the functionality of cloud computing. Robotic Process Automation for cloud applications is a rapidly growing trend that has brought about the development of cloud native applications designed to capitalize on all the features of cloud computing. 

Repetitive tasks and assignments can be automated on cloud architecture utilizing the widespread access to data and documentation to handle them without expending human resources. RPA is easily implemented for cloud platforms and it is also feasible to integrate the legacy applications and cloud versions of the RPA.

IT companies often play a great role in guiding the digital transformation of companies and organizations, smoothening their learning curve and getting them accustomed to it. Futran Solutions, one of the leading providers of cloud-based solutions, has assisted in the digital transformation of a number of companies in various sectors such as banking, finance, healthcare, insurance etc. Advanced tools facilitating new age application development are incorporated in the software solutions offered by Futran Solutions empowering its clients to develop customized applications of their own. 

Benefits of Cloud computing & Its Advancements

Cloud computing and the advanced tools associated with them offer a wide range of features and benefits for the users. Here are a few insights about the advantages offered by cloud computing: 

  • Reduced Cost: The transformation from on-site storage of data and documentation to cloud based storage has drastically decreased expenditure for data storage and organization. Cloud computing facilitates hassle free storage and organization of data with universal access on internet connected devices.


  • Advanced Security: Cloud computing protects data stored in the platforms with highly secure gateways allowing clients to store and organize their data efficiently. Sensitive information of valuable clients can be confidently saved in the cloud platforms and multiple backups of data are stored in them preventing accidental loss of vital information due to any unforeseen circumstances.


  • Improved Productivity: Cloud computing with RPA significantly improves the productivity of companies and organizations by automating repetitive tasks allowing faster processing of data and better usage of human resources. It allows for companies to quickly adapt to the market changes and save time by improving communication and transparency between employees facilitating better collaboration. 

Conclusion

Cloud computing with its advancements has gained great traction amidst small scale and large-scale companies allowing them to boost their potential and performance. Assistance from IT companies like Futran Solutions can help organizations identify their key requirements and provide tailored solutions for them with the appropriate tools cutting down on costs and expenditure. Begin your digital transformation with cloud computing and explore the diverse tools present in cloud platforms that can help improve your work processes and facilitate wider reach for your enterprise. Adapt to cloud platforms and empower your organizations to better adapt to the market changes and solve any issues with your work processes as and when they arise.

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

/0 Comments/in , , , , /by

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.

7 Ways Cloud Services Are Shaping Up the Future of the Finance Industry

/0 Comments/in , , , , /by

IT and Communications have advanced greatly in the past few decades leading to massive revamps across companies and organizations in different fields and sectors and Finance is no exception. Growing past their initial reluctance to accept cloud networking and services in their work setups, financial institutions and banks have started incorporating various cloud-based tools and services into the arsenal of products to boost their efficiency and performance. Cloud services integrate banking services from different branches into a single integrated online platform simplifying banking for your clients and customers. Here are a few insights on how cloud services are shaping up the future of the finance industry.

Introduction

The banking sector is transforming rapidly over the past few years with huge advancements in the field of IT and communications. Digital banking has become a reality with most banking institutions and it is found to be as efficient or sometimes even more efficient than on-premise banking. The initial stigma associated with online banking has been overcome with the advent of highly secure platforms reducing the aggregated risks associated with them. Cloud services have opened up various new avenues of services for banking institutions to improve customer usage and interactions. Studies report that the finance cloud market size is estimated to grow up to 29.47 billion USD in 2021, with an estimated Compound annual growth rate of 24.4%. 

Ways Cloud Services are Improving Finance Industry

Cloud services have helped the finance industry progress significantly and improve customer relations. Digital banking has simplified work processes and helped banking institutions focus on other areas of improvements, helping them advance at a faster rate. Here are a few ways by which cloud services have improved the finance industry.

Integration of Services

Unite data and information from all branches providing clients with great access and mobility from smartphones and devices with access to the internet. The integration of the data on a dedicated platform allows easy management and organization of data with high-level security protecting sensitive information. This also proves to be of great assistance in the research and analytics sector with vast amounts of data for analysts to work with and obtain insights from. Integration of data also improves the collaboration of teams across different branches and enhances the overall efficiency of your teams in carrying out tasks without obstacles and a redundant waste of time.

Robust and Resilient Operations

The incorporation of cloud services in banking services contributes to enhancing the resiliency of operations and helps institutions bounce back from any setbacks or disruptions in their functioning. The storage of data in secure platforms allows institutions to replicate data and services and shift from one main data centre to multiple storage centres. The COVID pandemic has demonstrated the resiliency that can be offered by cloud computing services, allowing banking employees to work in isolation from their homes to access data integrated into the platforms.

Secure Data Storage

Cloud servers have evolved to become highly efficient storage platforms with enhanced security measure for their clients. Financial institutions have relied upon these platforms for ensuring control and compliance with various regulations. Installation of the platforms by experienced professionals and conducting stringent security checks frequently assure institutions and clients safety and security.

Innovative Schemes and Services

Cloud computing provides a wide plethora of opportunities for banking institutions to improve their services and cater for their clients better. Interesting offers and schemes can be facilitated to attract new customers and optimize operations. It allows for easy incorporation of new tools and services such as Machine Learning, Intelligent Process Automation, Internet of Things platforms, Augmented reality etc. enhancing their capabilities to increase revenue and operational efficiency. 

Freedom to Scale

Financial institutions empowered by cloud computing services have the freedom to scale higher and lower as suited for their requirements. They can assist companies and organizations to cope up quickly with market shifts and unforeseen issues offering stability. Flexible payment platforms for cloud computing allow institutions to optimize their computing capacity as suited and provide more control on expenditure.

Revenue and Growth Prediction

The advanced analytics facilitated by modern tools accompanying cloud computing help predict revenue growth and customer experience. Data from all institutions are gathered and assessed using powerful analytical tools to evaluate customer experience and expectations. It helps make necessary modifications in the different schemes and offers, offering them a seamless experience based on their requirements. 

Financial Institutions with Cloud Computing

Various financial institutions have grown immensely with the incorporation of cloud computing into their practices. Continuous growth and advancements in cloud computing have propelled institutions rapidly to boost their efficiency and performance substantially. 

  • A leading financial institution has been using cloud computing services to improve their analytical capabilities and process financial data better. They were looking for a scalable environment to better analyse data and found the solution to their requirements with advanced cloud computing software. The incorporation of cloud computing has enhanced their post-trade analysis capabilities and allowed them to better foresee the market changes and their performance.
  •  A reputed insurance agency started using cloud computing services to empower itself and develop a hybrid working environment. It has greatly benefited from the scalability offered by cloud computing and the low costs at which they are possible.

Conclusion

Financial institutions are in a constant state of change and transformation to keep up with the varying needs of customers. Companies like Futran Solutions offer interesting cloud computing solutions for financial institutions to better enhance their efficiency and optimize their work processes. The incorporation of cloud computing services will significantly improve the abilities of institutions and are a part of the digital banking future that customers will experience and enjoy with satisfaction.

Talent Solutions in Pharma Industry

/0 Comments/in , , , /by

The pandemic has slowed down business in companies and organizations across the world irrespective of the nature of work and scale of operations, causing layoffs and financial crises. A few fields have been immune to the detrimental effect of the pandemic and have rather benefited from its occurrence than suffer because of it and the Pharma industry if one of them.

The pharma industry has grown leaps and bounds during the pandemic period, expanding its services and its customer base and reaching out to new clients. Most pharma companies are scaling up to meet the rapidly growing needs of our population and are looking forward to employing new additions to their team in various designations.

Here are a few insights on how pharma companies are scouting out new employees for their teams.

Introduction

Healthcare and Pharmaceuticals are two sectors that have expanded the maximum during the COVID period to meet the rising surge of cases and come up with a vaccine for the disease. The expansion of companies in these industries has led to increased job opportunities for people in these sectors and also created a demand for training modules to bring in the new employees and get them up to pace for deployment.

Various companies like Futran have set forth to assist companies during these desperate times by helping provide training and placement for in-demand pharma industry job profiles allowing the fast expansion of resources to face the pandemic.

The use of digital solutions in education and training purposes has found great success as it can cater to a large group of people at the same time without the restriction of time and classroom boundaries.

Interactive digital sessions help improve the interest of participants and motivator them to focus on the learning session for better grasping and comprehension.

Advantages of Using Digital Platforms for Online Training

Online training modules and courses help trainees attend their modules from the comfort of their homes without having to travel about. This has played a positive role in the pandemic period where trainees could stay safely in isolation during their training periods without risking cross-infection.

Digital modules for various pharmaceutical profiles involve the creation of data and structuring the content to make informative sessions for easy comprehension of trainees. Here are a few advantages of using digital platforms like Futran for training employees.

  • Cloud Computing

The establishment of online platforms that can be easily accessed from all devices greatly improves the mobility and reach of the applications. New classes can be easily uploaded in the cloud platforms and trainees can also go back to the previous classes as data is stored in a highly organized manner in the cloud systems.

  • Interactive Dashboards

These digital platforms come with interactive dashboards that help the trainees keep track of their progress and growth during the training sessions. The various tools that are present in the dashboards help trainees analyze their performance in online classes and communicate with the organizing teams using the dashboards, providing transparency in communication.

It also helps in reaching out to the candidates easily and ensuring that they are constantly updated about information regarding the classes. Onboard analytical tools can also help the organization track the employee’s response to the training program and help perceive the individual abilities of the employees.

  • Online Simulations

Simulated online training can be facilitated for trainees on digital platforms to allow them to face real-life situations efficiently. The pharmaceutical industry is a highly demanding field that does not have much scope for errors as it involves the safety and health of patients.

Online simulations of various situations can help better prepare the trainees for different pharmaceutical profiles.

Pharmaceutical Industry 

The most common profiles in the pharma industry are that of Pharmacists, Clinical Pharmacists and Sales representatives. The use of digital platforms helps simplify online training for new employees and allows faster deployment of trainees in the field without losing much time in training.

The industry is on the lookout for employees with knowledge on machine learning and artificial intelligence that can be used in Cell and Gene therapy research and digital platforms can be used to provide new employees with a basic idea on these concepts for them to build on and improve.

Conclusion

The contribution of the internet and technology in online training and education has greatly increased in recent times. Digital enterprises like Futran are making it easier for the online training and deployment of employees ensuring fast and efficient training. Digital platforms come with a wide range of advantages making them the go-to choice for training exercises and modules. The future of learning is on digital platforms as they are evolving to become the most efficient and cost-effective mode of education.

Automation in Recruitment Sector

/0 Comments/in , , , /by

Automation in HR/Recruitment Sector

The COVID pandemic has greatly affected the business world, crashing down economies with people getting laid off left and right by companies. We are slowly recovering from its devastating impacts. Getting back to our routines with companies opening back up and employees returning to their workspace. There has been a growing trend of automation-assisted recruitment by HR departments to simplify the process and bring back employee strength and performance to pre-COVID levels. Here are a few insights on how automation can influence recruitment

Introduction 

Automation has been an essential part of our work process since its inception and has diverse applications in various steps of our work. It has helped simplify work by handling repetitive, mundane work allowing employees to focus on more critical tasks that require dedicated focus and time, thus improving the overall performance and results of the company. HR is no exception to the growing applications of automation and has discovered great effectiveness in the incorporation of automation in HR. 45% of company representatives and HR leaders feel that automation makes their job processes better helping them save time. Polls suggest that HR employees spend nearly 14 hours per week on routine work that can be automated to save their time signifying how automation can simplify the recruitment of new employees. 

 

Applications of Automation in Recruitment

Robotic process automation involves the use of chatbots and digital software to communicate with new applicants and analyze various parameters required for recruitment of suitable candidates such as communication skills, personality assessment, etc providing HR and management with a holistic picture of their abilities. Polls suggest that only 26% of companies think HR utilizes data analytics efficiently and 61% of companies are modifying their jobs and recruitment tactics to better employ AI and automation in their work processes. Here are a few applications of automation in recruitment:

 

  • Sourcing of Candidates

    There are millions of candidates applying for job opportunities for different positions at companies and enterprises making it a humongous task for HR teams to go through their applications and assess them efficiently. Automated software helps weed out applications by intelligently weeding out unsuitable candidates and retaining only appropriate candidates for the interview process. Intelligent coding and properly planned out criteria establishment helps companies identify ideal candidates using techniques such as keyword tracking, applicant experience evaluation, etc. 

 

  • Communication

    Proper communication with applicants is essential to maintain company credentials and reliability to new applicants. Polls suggest 95% of the applicants would apply for a company again if they had a positive experience the first time and 80% of the applicants would not apply at a company again if they didn’t receive any form of communication from them. Applicants also report their bad experiences with such companies at social media platforms like Glassdoor affecting the overall reputation of the company. It is impossible for HR teams to directly engage with every applicant and that is where automation comes in to save the day, with efficient chatbots conversing with the clients and responding to them using bulk email systems. Proper analysis of their applicants is done using the software systems and appropriate feedback is generated by the systems to provide them suitable feedback about their application. Potential employees suggest that 69% of potential applicants prefer a reduced time of response from the companies.  

 

  • Enhanced Marketing Strategy

    Automation can help you plan out the email and social media campaigns meticulously with the software handling the major bulk of implementation of the strategy. Drip emails to active and passive candidates create a higher level of engagement with potential employees and improve correspondence with them. They help improve the reach of information and campaigns to people contributing to building robust talent pipelines and improving a company’s reputation. 

 

  • Interview Scheduling

    Automation also can assist HR teams in scheduling interviews with clients online easily after selecting suitable candidates from the initial pool of applicants. They interact with applicants and provide real-time access to the calendar of HR teams allowing them to select appropriate slots for their interviews making it easy for both parties. Chatbots can also answer frequently asked questions from applicants while leveraging computational linguistics and sentiment analysis to interpret communication and provide suitable responses. Companies with strong on-boarding processes after interviews increase employee retention by 82%.

 

How to Efficiently Tap in Automation Resources

Automation has a wide range of features to offer and as with all good things available; they come at a high price. HR teams should analyze and understand their requirements properly to employ automation efficiently in a cost-efficient manner. They need to train their teams to get them familiarized with the end-to-end automation of their recruitment processes. It helps them identify any inconsistencies in their software at the earliest to correct them as soon as possible. 

 

Compliance risks should be analyzed before initiating recruit processes to protect the company from potential risks and recruitment strategy should be discussed with stakeholders and partners thoroughly to ensure transparency in work processes.

 

Conclusion

Hiring suitable employees in companies is a tedious process with great responsibility ingrained in it. Companies need to recruit the right applicants for their job openings and retain them in their companies as it would cost them nearly 33% of their employee’s salaries in hiring a new one to replace their positions. Automated recruitment processes help build a diverse and robust network of talented employees improving the office culture and work environment. Understand automation processes and customize them to best suit your requirements to better enable your HR teams to empower your entire company.

 

Futran Solutions appoints Anil Vazirani as its CEO

/0 Comments/in , , , , /by

Futran Solutions, Inc. announced today that Anil Vazirani has been appointed the new CEO of the company. An experienced industry leader with a solid sales track record of 30 years, Anil brings to the fore new relationships and business partnerships.

Anil has IT industry experience across the Americas, Europe, and India. Prior to joining Futran Solutions, Anil had a 23-year long career at LTI where he was the Chief Business Officer for the Insurance and Healthcare verticals.

“In this post-pandemic situation, we at Futran believe that Mr. Vazirani has the right arsenal to take Futran to the next cycle of growth and add in new capabilities while bolstering the existing strengths of the team,” Krishna Vemuri, Chairman of Futran group of companies said.

“Apart from Futran Solutions core IT Services business, Mr. Vazirani will also take up the responsibilities of being the CEO of Futran-funded tech start-up, EZJobs®, Inc, a digital marketplace for blue and grey collar job seekers,” Krishna added.

Anil Vazirani said: “I am thrilled to join Futran Solutions and to be a part of such a talented and dedicated team. I look forward to working closely with Krishna, senior leadership, and the hugely talented employees of Futran to achieve multifold growth.”

Anil Vazirani has a B.Tech from the University of Bombay besides a management degree from Narsee Monjee Institute of Management Studies, Mumbai.

Artificial Intelligence In Telecom: 5 Groundbreaking Findings Shaping The Future

/0 Comments/in , , , , , , /by

It doesn’t take much research to know that telecom is one of the most consumer-hated industries. Out of the blue, this tells us two things about telecom in general. One, people need telecom. And two, telecom sucks at expectation management. In comes artificial intelligence. Like with every other industry that it’s touched, AI has come to telecom riding atop a pedestal of promises. However, Artificial Intelligence in telecom has been playing a vital role in the IT industry.

As it turns out, AI is delivering the goods in the telecom sector. Most importantly, every telecommunication company worth its salt is turning to AI to augment user experience and improve network reliability. Then, there is a whole new avenue of predictive maintenance. AI is kicking in big time to predict (and correct) faults and failures before they surface. Most experts believe that’s just the surface of what AI can do in telecommunications. Combined with machine learning, AI can help revolutionise the telecom sector for the better.

Here are five big ways artificial intelligence and machine learning are transforming the telecom sector right before our eyes:

5G Made Accessibility Easy

The US, the UK, and Korea have already rolled out their 5G accessibility in 2019. 5G guarantees greater bandwidths, higher speeds, and greater privacy. However, these additional features were not possible in previous generations. 

Meanwhile, artificial intelligence in the 5th generation has improved accuracy. It has enabled new connectivity and also enhanced layers of security at a fundamental level. Likewise, Artificial intelligence and 5G working together play a very powerful role in the new generation.

The Process of Systems Working Together 

MWC19 was an event organized in Los Angeles. It stands for Mobile World Congress. It was held from 25 Feb 2019 to 28 Feb 2019. That is to say, because the main theme of this event was mobile interoperability. This comes under system convergence.

IT Systems works on different standardized languages. It is impossible for two systems to communicate without using different dialects. To figure out what comes next, we need to step in and simplify it for humans to understand.

Data Organization

After the interoperability of the systems, AI plays a vital role in organizing the data.  Most importantly, standardized data is anyway more impactful. On the other hand, Artificial Intelligence reviews large batches of data and organize it in a way that is understood easily. Similarly, this helps in making better-informed business decisions.

Integrated chatbots and voice recognition are some examples of AI used in data organization. Similarly, it has become popular because of more time allotted to human interaction and discussion than standardization. 

Personalizing the experience

Meanwhile, the data is organized, it should be efficient enough for the business world. How does it help the telecommunication industry? Moreover, AI proves to be instrumental here as well. 

Personalization of services based on user preferences are on the cusp of breaking into the telecommunications scene. Identifying the user’s behavior and preferences and enabling personalized services is the forte of AI.

Customer satisfaction

Firstly, the usage of AI has cut expenses to a great level. Chatbots and virtual assistants automate to these support requests. They can handle a bulk of such requests without human involvement.

These virtual assistants automate the requests, analyze, and escalate customer queries if necessary. AI helps in identifying sales. Similarly, it also alerts the customer about other products and services. Keeping a track of all of this, AI improves customer satisfaction.

The Future with Futran: Guaranteed Growth and Excellence

/0 Comments/in , , , /by

As a one-stop shop for key business services and strategies, Futran Solutions knows exactly how to navigate challenges in countless domains to best serve our clients and their goals. Regardless of how fast technology changes or what software trends lie around the corner, we consistently aim for and achieve excellence through our artificial intelligence, software development, and data analytics savvy.

Our team focuses on maximizing business growth, cost effectiveness, and operational efficiency for all of our customers, and as the next step in our own development, we are excited to announce recognition of Futran Solutions by Clutch, The Manifest, and Visual Objects.

Clutch, a B2B research and reviews website that analyzes companies based on their market presence, strength of portfolio, and client feedback, recently named Futran Solutions among other leading data analytics companies in the industry.

Dev Gupta, a client of ours and editor of CS:GO related website, particularly praised our skills and support in a review on our profile. “Futran Solutions performed exceptionally in regards to project management,” Gupta touted.

“Futran Solutions and their team are skilled in a plethora of services. Instead of having to go to a different agency for various parts of the project, they had everything in one place – from initial requirements, deployment, release, and digital marketing,” he said. “With Futran Solutions, we received an end-to-end solution. We made a great decision choosing Futran Solutions.”

Sister companies to Clutch, The Manifest and Visual Objects also highlighted our range of services.

The Manifest, a news and how-to website that shares business knowledge and rankings, has ranked us among other top AI companies, attesting to our quality service. Likewise, the portfolio-focused Visual Objects website now showcases examples of our work, supporting Futran Solutions in backing us and other quality creative design and development agencies on the platform.

We very much appreciate these features of our services, strategies, and skills, and our team at Futran welcomes you to contact us with any questions or if you are interested in exploring future partnerships with us. We look forward to hearing from you soon!

Automation 2020: 9 Key Trends To Watch Out For

Automation 2020: 9 Key Trends To Watch Out For

/0 Comments/in , , , , /by

Automation is not a new phenomenon. It comes with its own baggage of promises of development, prosperity and what not. In today’s world, robots do most of the physical work and that too, at a cheaper rate than humans. But it is also capable of cognitive functions like sensing emotions or even driving. But how quickly would this automation become reality? It is important to know these automation key trends to predict future development.

Automation of activities has enabled growth both at an individual level and at the business level. Will these impact on the employment and global economy?

Here are some of the automation key trends to watch out for in the IT domain in 2020.

Automation of technology to replace humans

The technology used for automation of tasks that once required humans is known as Hyperautomation.

The application of machine learning and artificial intelligence is increasing to automate processes. A range of tools can also be automated in Hyperautomation. It can be also referred to as sophisticated automation.

The main goal of Hyperautomation is to increase AI-driven decision making. This can be achieved by including robotic process automation(RPA) and intelligent business management software (iBMS). While it’s not the main goal, but Hyperautomation often results in the creation of a digital twin of an organization (DTO). This is one of the important automation key trend of all.

Focus on immersive experience.

Technologies like AR (Augmented Reality) and VR(Virtual Reality) come under immersive experience. This is also known as Multiexperience. 

It is far apart from the traditional method of single point interaction. It covers multisensory and multi-touchpoint interfaces like computer sensors. 

For example, Dominos pizza added a smart speaker communication and pizza tracking feature to their app.

Easy access to technical and business expertise

The focus is to gain easy access to technical and business expertise without any extra cost or training. This is often known as Democratization. It is mainly based on application development.

Some of its key factors are data, analytics, and citizen access. Citizen access is also known as design and knowledge. This has also led to an increase in the number of data scientists, programmers and more.

Democratization would enable developers to rather rely on AI-driven development to generate code or automate testing.

Physical human augmentation

Changing or enhancing physical capability is Human Augmentation. A physical capability can be changed or enhanced by implanting or hosting a technology within or on the human body. This is used to enhance a human’s cognitive or physical experiences. 

Human augmentation mainly falls into 4 categories: Sensory augmentation, appendage and biological function augmentation, brain augmentation and genetic augmentation.

Cognitive augmentation enhances the ability of the human body to function, think and make better decisions.

Traceability and Transparency

Ethics, integrity, openness, accountability, and consistency are the five key elements this trend requires. As the evolving technology increases development and prosperity, it also creates a trust crisis.

Most of the times AI and ML are used to make a decision in place of humans. This evolves trust crisis. Such a condition drives the need for ideas like explainable AI and AI governance.

Edge Computing

Edge Computing is a technology where sources of information are placed closer to information processing and content collection. This reduces the latency by keeping traffic local and distributed.

This includes IoT. IoT stands for Internet of Things. Moving the key application and services closer to people and the devices is known as Empowered edge .

Provide Distributed cloud

The goal is to provide cloud facilities to users from outside the physical data centers. No matter if these cloud facilities are from outside the data centers, they would still be controlled by the cloud provider.

All the aspects of cloud service is the responsibility of the cloud provider. Owing to this, cloud centers can be located at different locations. This not only reduces latency but also solve stubborn technical issues.

Semiautonomous to fully autonomous things

The exploitation of AI to perform tasks usually done by humans is performed by Autonomous things. The Spectrum of intelligence ranges from semi-autonomous to fully autonomous things. It includes a variety of environments such as air, sea, and land.

Autonomous things include drones, ships, robots, and other appliances. These things are also used in collaborative swarms. For example, drones can be used in the Olympic games.

Security

Evolving technologies like autonomous things and Hyperautomation, lead to economic development. It also offers transformational opportunities in the business world. However, it leaves security vulnerable.

AI security could be vulnerable and could be a potential point of attack. Security teams must address these challenges and be aware of how AI will impact the security space.

Creativity and strategy are still human skills even though the world is getting automated rapidly. Bots can automate a multitude of designs and admin tasks but cannot automate creative thinking. It’s simply a matter of identification as in which things are done manually and which things need your input and imagination