DEV Community: Avi

Robotic Process Automation helps increase the Speed of the Trade Surveillance Process by 6 times

Avi — Fri, 24 Sep 2021 14:33:24 +0000

Robotic Process Automation helps increase the Speed of the Trade Surveillance Process by 6 times

Check out how a leading German bank increased the speed of the Trade Surveillance process by six times after implementing the
Robotic Process Automation tool.

Why Data Lake is a Good Option for Archival of Legacy Data?

Avi — Fri, 27 Aug 2021 03:54:40 +0000

Legacy applications have a huge amount of data stored which is difficult to archive and segregate as the data is voluminous and unstructured. This thoughtcast gives you an overview of why a data lake is a good option for the archival of legacy data.

Know more about our Data Lake solutions - https://bit.ly/2K5Wq8L

Do you really need a data lake? Know 4 best practices to build a data lake - https://bit.ly/39oIRK2

How WooCommerce Helps You To Grow Your e-Commerce Store

Avi — Mon, 22 Mar 2021 14:15:05 +0000

The world of e-commerce has evolved to an extent that lets businesses of all scales implement high-end e-store functionalities with plugins, extensions, universally compatible source-code, etc. in a matter of seconds. WooCommerce is one such open-source plugin built for WordPress websites that augments the functionalities of a basic eCommerce store. Since its inception, 2.3 million e-commerce stores across the globe are reaping the benefits of WooCommerce, according to a survey. It drives true authenticity with simplicity yet highly flexible features. In this blog, we talk about some of the prominent advantages that businesses are leveraging with this plugin:

What does WooCommerce do?

WooCommerce offers basic store functionalities pre-packed in a bundle from the plugin repository of your development dashboard. It also includes available loads of extensions that offer incredible functions right out of the box.

Benefits of WooCommerce

Following are some of the basic features and advantages that a WooCommerce plugin offers you:

Feature-rich Shopping Interface

The WooCommerce plugin lets retailers tailor a customer-centric checkout process that helps provoke the buying conscience of the customer.

Integrated Payment Gateways

WooCommerce offers retailers the freedom to accept cash, direct bank transfer, and popular wallets and major credit cards and other alternative payment mean. It also lets retailers configure popular payment gateways like Stripe with the help of a Setup Wizard.

GPS and Automated Taxing

WooCommerce offers you the ability to activate geolocation whenever you like. It also lets you set up automated taxes. Your products will show the right price, with taxes for your customers, from everywhere in the world.

Seamless Checkout Process

Woocommerce lets retailers control the checkout processes from start to end. In case, you prefer to sell in certain geolocation you can set up your flow URLs, while also enabling guest checkout as well as a secure checkout.

Range of supported currencies

A range of acceptable currencies in the modern era gives customers the freedom to pay via the medium that they’re most comfortable with.

Redirect Cart- Adds Flexibility To The Cart

WooCommerce lends CMS websites a hassle-free transition from product page to cart page once all products are added. It is touted to have reliable indexing techniques backed by data science and can cater to over 12,500 technology products, including e-commerce.

The wooCommerce plugin helps streamline eCommerce in the ever-competitive & dynamic eCommerce industry. However, entrepreneurs need to avail website design and development services with the right expertise to make the entire endeavor attuned to customer satisfaction and retention. So, get started with your brand new online store and watch your sales boom.

Improve data processing with Apache Hadoop data lakes

Avi — Wed, 20 Jan 2021 12:52:50 +0000

Processing and storing unstructured data for meaningful use is a bit different than using structured data. With exponential data generation and the majority of the data being in unstructured form, data warehouses are insufficient for data processing as they were designed to deal with only structured data. Here, data lakes solutions built on Apache Hadoop deliver promising solutions for data storage, processing, and analysis of unstructured, multi-structured, and structured data.

Advantages of using data lakes built on Apache Hadoop

Apache Hadoop data lakes easily integrate with data warehouses. Similarly, they can be seamlessly used with almost all contemporary databases and analytical tools.

· Scalable architecture: Uses a distributed storage system, which imparts high scalability to the data storage.
· Parallel processing: Allows users to perform analytics using multiple engines such that a huge volume can be processed at a time.
· Lowers TCO: Reduces the data processing cost to a significant extent, lowers deployment time, and time to insights while using multi-variate data.
· Unified data storage: Offers a unified platform to store unstructured, multi-structured, and structured data.
· Complex analytics: Allows to compute complex queries at high speed by using different analytics tools allowing fast time to insights and hence faster time to market.

Best practices for Apache Hadoop implementation
1.Apache Hadoop configuration: Appropriately configure the storage architecture to aggregate and store varying volumes of multivariate data.
2.Big Data Analytics configuration: Use components that support Big Data Analytics, data encryption, complex querying, and analysis.
3.Elastic search mechanism: Use components for facilitating elastic search and easy retrieval.
4.Data movement: Use components that support the seamless movement of high amounts of data in its original format from different sources into a unified single storage unit.
5.Indexing data: Index the stored data for easy understanding, search, and retrieval of high volumes of data streaming from multiple sources, including apps, social media, IoT devices, etc.
6.Apache Hadoop Big Data framework: Use the framework to perform comprehensive analytics without moving it to a different Analytics system.
7.Machine Learning (ML): Use ML algorithms to generate deeper insights and allow the algorithms to get intelligent with time through exception handling.
8.Business Intelligence (BI) tools: Integrate BI tool with the Apache Hadoop platform to generate faster analytics and visual dashboards and is easily accessible from any mobile device as well as browser.

Simply put
Data Lakes significantly simplify the challenges related to the analytics of unstructured data. As business requirements evolve constantly over a period of time, businesses need to keep on augmenting their IT architecture to accommodate them. Apache Hadoop platform allows businesses to build data lakes as extensions to their earlier infrastructure and gain business insights from multi-variate data.

How Traditional Banks Can Leverage Technology to Stay Ahead of the Fintech

Avi — Tue, 19 Jan 2021 13:58:31 +0000

The sustainability of traditional banks in the presence of numerous fintech giants has long been a subject of debate. Moreover, with the COVID-19 crisis at its brim, banks have observed a considerable decline in physical visits to bank branches. This has enabled a number of banks to embrace complete digitalization as a recovery measure and as a mandatory market practice to attain an edge over the competition. Still, a number of traditional banks struggle to retain their customers due to bad app experiences or the complete absence of a digital platform. Traditional banks need highly refined tech-driven ways to keep their customers hooked. A blend of technological, consumer-centric services, and lowered operational costs, will help banks in achieving their annual targets.

In this blog, we will have a look at some technological use cases that traditional banks can leverage to make a strong comeback in the market.

AI-based Chatbots

AI-based chatbots have long proved their effectiveness in handling customer requests and complaints. Lowering dependencies on human customer executives will not only help banks to streamline their services but also help them lower operational costs to a great extent.
Conversational banking can fuel the digital enablement of tasks like adding a payee, paying bills, and Peer-to-Peer transfers. A multi-channel, multi-lingual integration in a mobile app with contactless payment capabilities will prove to be a definite growth driver for traditional banks.

24/7 Servicing

Another major advantage of a digital mobile channel is 24/7 availability for the users. From the viewpoint of millennials, requests like password reset, making international payments is something to be done with just a few taps on the phone. In fact, modern banks embracing instant digital banking are already observing higher customer satisfaction rates.

Revamp the Legacy Systems

Legacy systems of banks cost them a lot of money. Retaining customers and service provisioning is indeed an expensive endeavor without a contemporary technological solution. Banks need to be proactive and resilient to the changing market’s expectations and reduce risks and liabilities linked to offline operational models. Mobile technology and a dedicated and secure app can transform a bank’s operational efficiency by doing away with infrastructure investments, human resources, and other hidden costs of offline operations.

Being data-driven to drive change

Technology possesses the potential to make constructive use of data that can be collected through online channels and digital platforms. This data can be used to find insightful information and analytics about customers like what they are most likely to buy at a certain time. Which services do they tend to prefer? This data can also be used to project details regarding supply and demand and align services to become lean and precise. Banks can tap the data related to resources that customers look up, and send survey alerts to gather more details regarding users’ financial status and objectives and expectations they have from a bank. Banks can also make personalized product recommendations based on that gathered data.

It is critical for the banking industry to adopt the agile and dynamic model of operation with a robust technological backup that will not only enable it to respond to COVID-19 like crises but also operate with limited resources. The competitive landscape of the banking sector is likely to intensify challenges for survival and growth. It's time for banks to buckle up and respond with future proof banking solutions in association with the right technology partners. Get in touch with one of the best mobile app developers in the business to begin your digital transformation journey.

Will Virtual Reality Shape Up the Future of Sports?

Avi — Wed, 16 Dec 2020 05:42:07 +0000

Among numerous opportunities offered by virtual reality, people are really excited at the prospect of being able to watch live matches on their smartphones through a head-mounted display. Be it a baseball game, or a football game, everything can be streamed while feeling the aura of actual matches in the stadiums from the comfort of their home. It’s high time sports organizations started amplifying sports experience making it more immersive in every possible field, such as content consumption and athlete training.

Here are a few use cases of how VR is set to revolutionize sports in the upcoming years:

Viewing sporting events in VR based apps on mobile phones

Something that is seen a lot these days is the use of 360-degree cameras to broadcast and stream sporting events in virtual reality. In most cases, a VR headset and an app are only things one will need to enjoy the stadium-like setting as the action begins unfolding, all at the comfort of their home. It could become the most realistic simulation one might get from viewing a sporting event without attending physically.

Reimagining the action in VR

Numerous initiatives are undertaken to make an exhilarating VR video streaming of sports events a reality. There are startups working to gather data from teams and games to develop a sports experience full of action, and fun. Users wearing VR headsets can explore the game from multiple angles in the stadium, including the perspective of players, fans, or officials.
The mobile app can be of great use to sports teams also, who can use it to replay and analyze the game from various perspectives.

VR for training teams

Professionals have used media films for checking their personal performance as well as to assess opponents. However, the vantage spot is very different from the physical stadium game. Hence, the results aren’t quite optimal. These days, coaches, as well as players, can choose to train better through experiencing and viewing games on and on again in virtual reality-based mobile apps.

Conclusion

Today, VR for sporting events is extremely limited, hence is an opportunistic area of investment. A higher engagement as compared to what traditional broadcasters drive and multiple ways to monetize apps through in-app advertising can be leveraged. So, begin your quest to offer a fun-filled remote and live sports experience in the most futuristic and inventive ways through AR/VR technology. Get in touch with an AR/VR mobile app development services company today.

What does it take to develop a reliable mobile banking app?

Avi — Mon, 10 Aug 2020 10:37:03 +0000

The demand for state-of-the-art mobile app development for banking services has increased dramatically in the past few years. Entrepreneurs today don’t just need to build secure and reliable mobile banking apps to provide an outstanding experience to their customers, but also need to keep up with the speed and innovation factors to dodge disruption. In this article, we will understand what it takes to build a robust and reliable banking app:

What Does a Good Mobile Banking App Need to Be?

Before you can begin to get your mobile banking app developed, you must ensure that it meets basic customer needs as well as expectations and is going to be helpful and convenient. Here are some key components of mobile app development:

1. Simple interface

The app should not be a vanilla forging of all digital banking features. It must have core features, which are as easy as to use as possible. The app should not be in any case overwhelmed with all high-tech and complicated functions but must have the basic stuff done right. Some features, like balance checking, transfers, quick payments, and transaction history, review etc. should be the base requirements.

2. Minimalistic yet Attractive UI/UX

UI/UX is all about the look and feel of your app. These are to be taken care of through the development process of your mobile banking app. Good UI/UX is imperative to the process and is critical to your application success. Analyze your audience and userbase closely followed by carrying out usability studies, the conceptualization of ideas, and framing user stories to comprehend user needs and design your application accordingly.

Here are the key UI/UX principles you must include:

Simple navigation
Customized experience based on frequent transactions
Compatibility with all gadget sizes and platforms like iOS and Android
Notification set up

3. Include all the basic features:

Core features of mobile apps for a bank should offer provision to:

Set up an account instantly and quickly. Users would like to finish off the process of enrollment from beginning to finish without having to visit a branch.
Check account balance as well as recent transaction history. In the modern era of technology, users’ do not require ATMs to check the balance or passbook for keeping a check of the transaction history.
Person-to-person payments.
Remote deposit capture using a smartphone camera.
Receive text messages and push notifications on the user’s activity, as well as alerts.
Pay bills on utility services like payments for mobile communications and the Internet, electronic tickets, etc.
Get real-time reports as well as summaries on the account activity of the user

Conclusion

Get in touch with a knowledgeable and skilled team of developers to create a tailored software solution that has the highest security standards to empower your customers to perform financial transactions from anywhere at any time while preventing hackers from intercepting sensitive data.

RPA - Robotic Process Automation Online Training

Avi — Thu, 13 Feb 2020 11:48:11 +0000

Learn how to manage the RPA - Robotic process automation software. Explore various features of the automation software tool TruBot - developed by Datamatics. Improve your RPA learning experience with this online session.

Duration: 3 hours

You can Sign up Here - Free RPA Training Online

Download Free RPA Software ( Trial Version - 30 Days) - Download RPA