Blog - Page 28

The last year showcased how even well-established systems can fall in a moment due to unforeseen circumstances. And even how one person’s food preferences can break down the world’s economy for an uncountable period. Companies across the globe were critically endangered. Then came the chaos, and software development companies were no exception to this. Organizations, teams, and people were forced...

In the past decade, the amount of information processed by commercial organizations has grown exponentially. This information, known as big data, can bring many benefits to businesses, but only if it is worked with correctly. Without proper preparation and processing, big data development doesn't add much value.  The impact of data science is especially visible in retail and e-commerce. Industry...

Car insurance is one of the oldest and most popular fields of the insurance industry. Given the prevalence of vehicle policies, insurers can access a plethora of opportunities by mastering the digital world and exploring their options online. In the last decade, insurers have begun to do just that, and the insurance industry landscape has changed markedly.  More and more...

Today, investment and trading platforms are changing faster than ever and moving to a digital world. Stock buying and selling on mobile is no longer an insufficiently explored area, but the "new black" in trading.   Smartphone stock-trading apps allow investors to work from wherever they are. So-called DIY (do-it-yourself) investment is very popular with millennials, who, according to Investopedia, are active in the stock market. But other categories of individuals also...

The latest reports show that every week more than 25 percent of people make purchases via mobile devices. Most transactions are done through the merchant's applications. For this reason, global mobile payment incomes crossed US$1 trillion in 2019.   Millennials who have grown up in the universe of gadgets are rapidly changing fintech. People worldwide are moving away from “physical” payments to digital tools, among which wallet applications (e-wallets) are of particular interest. They are useful for both sides of the deal...

One of the critical decisions a company makes about a product is its price. Nowadays, merchants require sophisticated pricing strategies to succeed in a highly competitive marketplace and satisfy all consumers' needs. Businesses face two key challenges: optimizing prices and managing income in a constantly changing environment. So, companies use a strategy called dynamic pricing to solve them simultaneously.   The method's efficiency can be noticeably increased with artificial intelligence (AI)...