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O Nessu, holkách a Javě

Před prázdninami naši javisté spojili své síly s neziskovou společností Czechitas a musíme říct, že je to jízda. Czechitas zprostředkovává IT vzdělání ženám a postupně boří mýtus o tom, že kariéra v IT je jen pro muže.

Žen v IT sice není mnoho, neznamená to však, že je obor nezajímá a nechtějí se v něm uplatnit. Důkazem jsou mimo jiné kurzy plné žen, nadšených programováním.

Inspirativní příběhy řady z nich ukazují, že mezi nimi najdeme nadějné softwarové designérky, analytičky, testerky nebo programátorky. To hledání nás baví! A je pro nás velkou motivací se na jejich vzdělávání podílet.

Z TÉMĚŘ 8,2 MILIONU ICT SPECIALISTŮ V EU PŘEDSTAVUJÍ ŽENY POUZE 16,7 %. (EUROSTAT, 2016)

V ČESKÉM NESSU TVOŘÍ ŽENY 30 %. TŘETINA Z NICH PŮSOBÍ NA SENIORNÍCH A MANAŽERSKÝCH POZICÍCH.

Co pro nás začalo v květnu jednodenním workshopem o základech programování v Javě, pokračuje nyní Digitální akademií – sérií intenzivních kurzů Javy pro začátečnice. V průběhu Digitální akademie holky rozvinou své logické uvažování – zjistí, že vždy existuje několik způsobů řešení, naučí se porozumět návodům a řešit různé programátorské výzvy. Hlavním cílem je, aby si účastnice během tří měsíců v rámci povinných a volitelných předmětů osvojily základy Javy a práci s různými nástroji.

Po prvním workshopu jsem byl mile překvapen, kolik holek bylo se znalostmi na začátku kurzu dál, než jsem čekal. Samozřejmě řada z nich s Javou zápasila, to je přirozené, proto kurzy pořádáme. Ale hodně z nich rozumělo tomu, co dělají. Motivuje mě to ve školeních dál pokračovat.

Vladimír Kočur, Senior Consultant

Studium bude časově relativně náročné a je mu potřeba věnovat ve spolupráci s lektory tři dny v týdnu. Kromě toho holky mezi školicími dny hodně zaměstná samostudium i domácí úkoly. Ale po celou dobu mají k dispozici zkušené mentory, kteří vždy rádi pomůžou. Akademii uzavírá celodenní hackathon, během kterého si javistky vyzkouší aplikovat nové znalosti. V malých týmech jako závěrečný projekt zpracují reálné zadání.

Při vývoji převážně webových aplikací je Java náš denní chleba. Týmy v Ostravě, Brně, Českých Budějovicích i v Praze Javu vnímají jako progresivní a široce využitelný jazyk s rychlou učicí se křivkou.

V Nessu také pravidelně pořádáme Javacomy – setkání, při kterých diskutujeme o trendech a sdílíme zkušenosti z odborných konferencí a z našich úspěšných projektů. Každý nováček u nás získá mentora, který ho bude provázet jeho odborností. K tomu máme pro každého připravený interní adaptační proces, který nováčkům co nejvíce usnadňuje pochopení nové technologie. Zkrátka: v Nessu se Javy není proč bát.

Nessian on Job Series- Prachi Walawalkar

“The best way to predict the future is to create it,” Abraham Lincoln

Rightly said, for a fulfilling future career, it is necessary to find a promising workplace that matters, build skills, and enables you to live a happier life. Prachi Walawalkar, Senior QA Engineer, finds Ness to be one of the best companies to work for — with a professional and consistent work culture and constructive career strategy that allows employees to build a meaningful profession and makes them feel invigorated and delighted. At Ness, it is more than just serving in a role that you love. I work for one of our clients that specifically caters to the transportation domain. While working on this project, I received good exposure to a wide range of software testing methodologies and also gained deep knowledge on some of the latest trends in the software testing domain.

Roles and Responsibilities

It’s no secret that testing plays a prominent role in the development of new software. As a senior software tester, I am responsible for working closely with the software developers in order to identify any bugs in the product and improve the quality of the final release. I also need to ensure that testing is going hand in hand with the software development in all phases. As a part of my job, I need to identify and capture test cases and report defects to the concerned product managers for fixing the bug, so that nothing slips into the live environment. I have also gained a lot of relevant domain expertise from my team and seniors. These learnings have further helped me take appropriate actions for delivering quality products to the market.

Learning Experience

At Ness, I have mastered all of the capabilities required for testing various aspects of the product/system including function, component, system, performance, regression, and services. It has provided me with a great platform, where I gained complete knowledge about software test design and test execution methodologies. I would also proudly acclaim that it’s a workplace where I had a chance to interact with the clients and with the development team more efficiently in order to fully test the product or system, while meeting the required business needs.

Why Ness?

Having a job that I love and working for a great company like Ness instigated me to figure out what makes Ness a great place to work. For me it’s a place where you experience a truly strong culture, professional growth, and a challenging work environment. It’s also a place that inspires and motivates the employees inside it to implement their own ideas into their work and encourages them to come up with the best business results. You can also work with cutting-edge technologies and keep yourself updated with all the latest trends that emerge in the market. At Ness, you can trust the people whom you work for, enjoy the people you work with and have pride in what you do.

What I Like About Working at Ness

Ness gives you a flexible work schedule and allows employees to focus on things that require attention to detail and creative thinking. Team bonding activities like group lunches and outings are the most fun-filled activities that a team can experience.

When it comes to engaging the new joiners, Ness takes an incredible move by assigning a buddy to every new employee. This enables them to be more easily introduced to their workplace and learn more about their roles and responsibilities.

Hobbies

Apart from work, I love listening to music and watching movies. I also like to keep myself updated with the latest market trends.

I am looking forward to work with Ness for many more years so that I can contribute to the growth and betterment of the company with my knowledge and expertise.

NICE Actimize Engage

NICE Actimize – ENGAGE 2023

Industry’s Premier Financial Crime & Compliance Risk Management Event

The event had NICE Actimize and industry experts discuss topics such as the risks and rewards of Generative AI and the role of Network Analytics in uncovering inferred risk.

About NICE Actimize ENGAGE

The NICE Actimize ENGAGE event addressed top priorities in anti money laundering, markets and conduct surveillance, enterprise fraud prevention, and case management & technology. Some of the notable topics covered during the event sessions include “Generative AI: Unpacking the Risks and Rewards for Financial Institutions” and “Connecting the Dots to Uncover Hidden Risks.” This NICE event also had additional sessions exploring a range of issues, from operational concerns to futuristic technology, among them: “End-to-End Fraud Management: Detection, Prevention, Operations, and Investigations;” “Optimized KYC: Are We Ever Going to Get There?” and “The Future of Voice and Electronic Communications Surveillance.”

This NICE ENGAGE live event covered every aspect of financial crime and navigates the fast-paced changes in artificial intelligence, network analytics, data management, and more, helping financial institutions plan effective strategies for their future. NICE ENGAGE is focused on helping banks and financial institutions understand why they require a powerful combination of intelligence and automation to meet their challenges.

Company Overview and Purpose

NICE Actimize products, solutions, and subject matter expertise

Knowing the risk of your customers is critical while offering financial products to maximize revenue. If the compliance team does not properly evaluate and manage the risk, companies will fall prey to cyber criminals. Any slack in understanding the customer can be dangerous. If the risks they pose are not monitored, the compliance team will be flooded with false positives, diverting them from real suspicious activities which can cause damage. Manually processes can further heighten this risk as regulatory pressures grow. To counter such challenges, risk exposure must be continually assessed and processes optimised to enable better financial risk management.

NICE Actimize takes this fight back to the cybercriminals with its industry-proven, AI-infused solutions. NICE Actimize’s entity centric approach gives the power and flexibility to effectively manage money laundering risks across the customer life cycle. NICE software company, with its entity centric AML Actimize solutions ensures full AML & anti-fraud advanced compliance. Actimize software solutions are purpose-built, providing end-to-end coverage from customer onboarding to ongoing monitoring and investigation of suspicious activity. Actimize software solutions enable an accurate understanding of each customer’s risk across KYC, risk screening, and transaction monitoring.

You can visit the NICE site here: https://www.niceactimize.com/.

Get details about NICE corporate leadership here: https://www.nice.com/company/global-leadership

Collaboration between Ness and NICE Actimize

Ness is NICE Actimize’s trusted AML (Anti Money Laundering) engineering partner. We collaborate with Actimize to help clients leverage our deep product expertise to accelerate AML Actimize implementation.

Accelerating Actimize implementation

Ness’s Risk Management Services primarily focuses on delivering data management solutions around NICE Actimize’s AML, Fraud, and KYC offerings. With a solid understanding of the AML and fraud domain, Ness, through its consultative approach, can accelerate banking and financial services AML/fraud implementation initiatives by integrating gap assessment and data management efforts (ingestion/mapping/cleansing), leading to an effective data migration leading to faster client onboarding and ROI realization.

NICE Actimize and AML Solutions

Overview of NICE Actimize

  • Introduction to NICE Actimize as a company
    NICE Ltd is a leading financial crime technology and compliance management company offering a range of solutions for anti money laundering, fraud, and compliance. It protects companies by securing customer data and organizational assets by mitigating risks posed by payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading through its fraud prevention, anti-money laundering detection, and trade surveillance solutions.
  • NICE Actimize software solutions and its capabilities
    Anti-money laundering
    AML solutions from NICE Actimize enable you to mitigate risks related to financial crime. The technology used in NICE AML solutions helps strengthen your understanding of your customers and their risks. With the power of AI-ML, these solutions can optimize efficacy and accuracy and ensure comprehensive regulatory compliance and auditability.
    Enterprise fraud management
    Banks and financial institutions need next-gen tools to proactively detect and mitigate the risk of sophisticated fraud threats to secure customer journeys and protect the institution. NICE bank fraud management software offers comprehensive and continuous real-time fraud prevention coverage with its enterprise fraud management solution to tackle new and emerging threat vectors.
    Financial markets compliance
    To meet regulatory needs, financial institutions must have a clear view of their assets, instruments, communications, markets, and jurisdictions. The trade compliance platform from NICE empowers organizations to analyze and correlate trade related data to ensure surveillance of regulatory needs and detect risks.
    Investigation and case management
    Mitigating risk and its investigation is a complex and costly process. NICE provide a new approach to alert and risk case management (rcm) by enabling analysts to minimize investigation time and improve decision making. The NICE Actimize rcm technology solution can ensure a centralized, consolidated, and correlated data driven intelligence to manage workflows, risks, support new investigations and ensure oversight.Data intelligence
    Customer insights are needed to make informed decisions that can reduce regulatory, financial, legal, and reputational risks. By accessing a wide variety of data sources, NICE Ltd provides organizations with a thorough understanding of their customers and the risks associated with them. NICE Actimize offers data intelligence solutions to enable firms to act quickly with precision and take action to mitigate risk and meet compliance events.
  • Key features of NICE Actimize platforms
    NICE Actimize offers two platforms. X-sight and Xceed. X-sight helps you to break the limits of data and analytics. The platform is built for enterprise scalability and brings financial crime risk management with cloud-powered core services. X-sight can introduce data from any source and offers analytics and intelligent automation. It is capable of identifying threat vectors easily and offers platform automation and management. Companies can manage costs and operational scale while meeting financial crime compliance in banking needs. Xceed is a cloud-based platform that unifies AML and fraud solutions. It has self-learning capabilities to quickly adapt to new attacks and changes in customer behavior. The Actimize platform offers real-time behavior-based analytics, AML dashboard, and ML capabilities for higher detection accuracy, ensuring lower false positives, providing a 360-degree view of risk, and maximizing efficiency.

Understanding AML (Anti Money Laundering)

  • Definition and importance of AML
    AML consists of laws, regulations, processes and procedures which are designed to detect activities such as money laundering, multiple transactions which are below thresholds, complex transaction patterns, terrorism financing, and different types of financial crimes. AML is essential for financial institutions and businesses to secure the integrity of their financial systems and reduce risks of financial crimes. AML also facilitates customer due diligence, which will help in verifying customer identities and risk profiles so that they don’t indulge in any illicit activities.
  • Role of AML solutions in financial institutions
    AML solutions play a critical role in detecting and mitigating illicit financial activities. AML solutions help in maintaining compliance programs to meet regulatory needs. It helps to establish risk-based controls to conduct customer due diligence, monitor transaction patterns using ML algorithms and rule-based controls, report suspicious activities to regulatory authorities, and maintain records for audits and meeting reporting obligations.

Collaboration between Ness and NICE Actimize

  • AML partnership and its benefits
    By partnering with NICE software, Ness can eliminate integration barriers for clients, resulting in low cost in ownership, faster time to value and better customer experiences. This partnership helps Ness to offer its best-in-class delivery capabilities, AML managed services and resell financial crimes consulting software solutions of NICE.
  • How Ness enables AML adoption
    Ness enables NICE Actimize in AML product development and platform modernization. Ness also helps NICE in AML customer onboarding and assessment. Ness conducts gap assessments to analyze source data sources and identify gaps with target data sources. This also includes the evaluation of technical compatibilities and customization work needed for AML implementation and preparing a detailed execution plan for data transformation and validation that will be integrated with the AML implementation plan. Ness also validates data quality for production. This is through integration testing of data to be used for production usage and facilitate UAT testing. Ness can conduct full data services that will accelerate Actimize AML software Implementation.
  • Contextual Gap Assessment for onboarding processes
    Ness can enable AML adoption through a contextual gap assessment by looking at the client’s onboarding processes and fast-track implementation through machine learning-assisted data management solutions.
  • Machine Learning-assisted data management solutions
    Ness offers full data management solutions to accelerate Actimize AML implementation. This includes data integration activities around creating connectors for batch and streaming sources, data acquisition activities for structured and unstructured data, data analysis activities in mapping sources and sink data models, mapping static and reference data., and data transformation activities around normalization, cleaning, de-duplication, entity resolution. Ness Actimize data services would enable clients onboard AML solution modules like SAM (Suspicious Activity Monitoring), CDD (Customer Due Diligence), and WLF (Watch List Filtering), etc.

NICE Actimize and Industry Trends

Emerging trends in AML and financial investigations

  • Technological advancements shaping the industry
    The future of financial crime solutions needs a holistic approach that brings together next-gen technologies with human expertise, regulatory frameworks, and collaboration among stakeholders. AI-ML has shown immense promise in finding patterns and anomalies in financial data. These technologies can analyze large amounts of structured and unstructured data in real-time to identify suspicious activities and detect risks. AI-ML will also enable the advancements of AI-powered systems for accurate and proactive detection of financial fraud. Big data analytics techniques will help in getting deeper insights into customer behavior, find hidden data relationships, and detect money laundering activities. Real-time data analytics also enhances fraud prevention and detection capabilities. User-based behavioral analytics will be widely used to analyze employee behavior, transactional patterns, or any deviation from baseline activity. There will be better collaboration and intelligence sharing between financial institutions to ensure coordinated response towards emerging threats. There will be extensive adoption of advanced Customer Due Diligence (CDD) measures like biometric identification, facial recognition, and digital identity verification. These technological interventions will also mitigate risks of identity theft or customer impersonation.
  • Regulatory updates impacting AML practices
    Regulatory practices are continuously enhanced to meet emerging risks and maintain the integrity of the financial ecosystem. The European Union has brought in two directives to reinforce AML regulations. 5AMLD and 6AMLD. 5AMLD is meant to address virtual currencies, improve due diligence, and enhance the transparency of beneficial ownership. 6 AMLD is to harmonize criminalization and sanctions towards money laundering offenses, enforce penalties, and introduce provisions for cooperation between EU states. Financial Action Task Force is a global standard for AML and counter-terrorism financing efforts. They also give guidance on risk assessments, customer due diligence (CDD), suspicious transaction reporting, including international cooperation. Most financial institutions and countries are aligning their AML practices with FATF recommendations. There are also regulations from various jurisdictions to mitigate the risk of misuse of corporate structures for malicious use and ensure there is transparency in financial operations. United States, Canada, and the United Kingdom are enacting legislation motivated by the Global Magnitsky Act. This act is aimed at the abuse of human rights, corruption, and financial crimes and focuses on imposing harsh sanctions on humans or entities involved in such acts. There is also a greater emphasis on information sharing to detect malicious activities. There are initiatives like the EU’s Financial Intelligence Units (FIUs) platform and the United States Bank Secrecy Act (BSA) which encourage collaboration and intelligence sharing. A risk-based approach to AML practices is also emphasized. Banks and financial institutions must identify, identify, assess, and mitigate risks due to money laundering and terrorist financing. This will help them to allocate and implement controls based on the risk related to customers, products, services, and jurisdictions.

NICE Actimize’s response to industry challenges

  • Innovations in AML software and solutions
    NICE systems Ltd recently launched a new AI-based AML transaction monitoring innovation with multilayered analytics to better detect suspicious activity. The new solution ensures increased effectiveness for precise monitoring of both known and previously unknown, unmonitored typologies. The Suspicious Activity Monitoring (SAM-10) solution is built to detect more suspicious activity while reducing false positives, NICE systems Ltd SAM-10 introduces significant enhancements to its award-winning anti money laundering solution, incorporating multiple layers of defense which strengthen the others and offer comprehensive coverage and detection of suspicious activity, including website risk detection for financial institutions. This NICE monitoring system entity-centric AML engineering approach delivers data to enrich profiles and multiple layers to segment, monitor, and ensure that only true suspicious activity is identified. With financial investigation software such as SAM-10, suspicious activity can be intricately understood, accurately monitored, and detected more quickly. It also offers next-generation analytics, including machine learning for advanced anomaly detection, model optimization, and network risk analytics, detecting suspicious relationships and transaction patterns accurately.
  • Collaboration with partners like Ness
    The collaboration of NICE Actimize with partners such as Ness will help its customers with full implementation support and professional services capabilities. The partnership will also help NICE Actimize expand its market reach globally. The collaboration also helps clients to address today’s complex regulatory scenarios through end-to-end compliance solutions. By being an AML partner with NICE software, financial crime consulting firms can deliver AML financial crime solutions that will create significant efficiencies for banks and financial institutions.

Case studies and success stories

Ness offers experience, scale, customer-centricity and speed to provide defensive solutions as well as offensive measures to the problems. This has helped out clients to comply with regulations, avert suspicious activities, structure data, manage risks to ultimately grow revenues, increase operational efficiency and enhance brand reputation.

Ness has solved AML challenges for financial institutions. One such challenge was the need for financial institutions to issue credit or allow customers to open accounts after completing several due-diligence procedures to ensure that these institutions do not aid any money-laundering activities.

With its development & professional services partnership with NICE Actimize, the market leader in AML solutions, Ness has extensive experience in technical implementation, custom development, and fraud analytics. Ness offered a highly scalable AML solution supporting 15 million+ transactions per day and has deployed the solution in 7 of the top 10 banks in the world. Usually, the industry benchmark for such a solution is about 2-3% case-worthy alerts. However, the solution provided more than 15% case-worthy alerts that help identify business risks and safeguard against problems.

FAQs

What is NICE Actimize used for?

NICE Actimize AML solutions and platforms are used to mitigate the risks of financial crime.

Which area in financial services does Actimize work?

NICE Actimize works in the area of anti-money laundering, enterprise fraud management, compliance, investigation and case management, and data intelligence.

Where is NICE Actimize headquarters?

NICE Actimize is based in Hoboken, New Jersey.

What is NICE Actimize used for in AML?

NICE Actimize cloud-based Xceed platform offers financial crime software and compliance solution in a single platform.

What is NICE Actimize tool used for?

NICE Actimize tools are used to mitigate fraud risks, ensure compliance, combat money laundering, investigate risks, and derive actionable insights from data.

What is Actimize tool?

Actimize tools are used to detect true suspicion and minimize false positives with a multidimensional approach to transaction monitoring.

What is Actimize?

Actimize offers platforms and products on AML transaction monitoring to combine manual interventions with ML to secure financial transactions.

What is the anti money laundering solution?

AML solution is a combination of tools, technologies, and processes which can help companies to prevent, detect, and report money laundering activities.

Where can I find Actimize AML tutorial?

Actimize AML tutorial can be accessed through this link: https://www.niceactimize.com/solution-demos-and-videos/

Where can I find AML India regulations?

AML India regulations can be found in this Department of Revenue, Ministry of Finance web site: https://dor.gov.in/prevention-of-money-laundering-list

IoT Is Everywhere — How IoT affect our daily life

How IoT Is Affecting Our Daily Lives

It isn’t news that the Internet of Things (IoT) is revolutionizing our lives – IoT transformation is Everywhere. IoT is now portable, wearable, and implantable, creating a ubiquitous and connected universe, and transforming physical objects that surround us into an ecosystem of information that is rapidly changing the way we live.

To answer the question, How IoT will change the world? , the answer is, IoT technology has already changed when and where work is done, in almost every industry. Businesses are transitioning to the Internet of Everything (IoE), an unprecedented network connection that encompasses machines, individuals, processes and data that can have a huge impact in our daily lives. The impact of IoT on society is indeed huge.

Well, looking for IoT examples in real life, Here are some examples of IoT in real life, automated temperature control by thermostats, devices such as Amazon Echo, Google Home, Wearables monitoring heart rates, home security systems, and smart lighting devices which response to voice commands.

Let’s explore how IoT affects our daily life and a few significant areas that have been transformed through IoT at the intersection of people, data and intelligent machines.

How can IoT improve our lives

Automotive

Driverless cars had previously been a figment of our imagination. However, with IoT shaking up the automotive industry like never before, digital transformation has made its way into the automotive space. By facilitating human-to-human, machine-to-machine, and human-to-machine interactions, IoT seeks to expedite processes and enrich people’s lives.

Connected vehicles are now equipped with the ability to pick up information from the surroundings, providing the driver with diagnostic information that can quickly be acted upon.

  • IoT has enabled smart cars with built-in sensors that aid in efficient parking, provide data that facilitates better car maintenance, and can help drivers predict and avoid collisions.
  • Connected cars send data to manufacturers in real-time, sharing insights to develop more accurate predictive maintenance models – the speed of data allows them to respond quickly to any issues found. Take the case of assisted and autonomous driving, which is changing the driver’s role from ‘driving’ to ‘supervising’ and is also better suited to increase car and road safety. The automated system, which is provided by Advanced Driver Assistance Systems (ADAS) is specifically designed with best-in-class technology that alerts drivers on potential problems and takes control over the vehicle to help significantly reduce collisions and road accidents.
  • Far beyond relying on human memory and extensive tracking, connected cars come with the advantage of enabling quick communication between manufacturers and drivers on issues and reminders for service and maintenance.
  • Telematics also has immense applications in the automotive industry. Family notification of vehicle collision, automated emergency calling and vehicle diagnostics and maintenance notifications are all classic examples.
  • Connected cars are equipped with technology that can trace and record driver habits and behavior and transfer useful data to insurance companies for analysis. This makes for safer and more economical driving.
  • In terms of entertainment and user experience, connected cars are an extension for providing Infotainment (information and entertainment) seamlessly, without extensive changes in the communication channels that consumers generally use. This adds a sense of personalization to the entire driving experience.

Manufacturing

As one of the earliest adopters of IoT, the manufacturing industry has been a beneficiary of IoT by embedding sensor-based technology into machines. Currently, new data processing technologies and analytical forecasting models are available to enhance the entire manufacturing value chain, from concept to completion.

  • Manufacturers across the world are poised to use analytics tracked by connected devices to analyze processes and identify possibilities for optimization. The cognitive predictive maintenance system that IoT offers will employ battery-operated acoustic sensors to process the audio signals of machines and hardware in real-time. That information is then processed and transmitted to a remote evaluation unit which can identify problems regarding the condition and performance of the equipment.
  • The primary purpose of a condition-based maintenance system is to predict equipment failure and enable maintenance alerts. There are many critical machine tools that are optimized to function at a certain temperature range and within stipulated vibration parameters. IoT sensors are dynamic in that they monitor machines and can send an alert when the equipment deviates from its prescribed parameters.

Cities

We live in a world governed by our smartphones, and our dependency on these devices now taken for granted. By harnessing the power of IoT, cities are evolving to become what are now called “smart cities”, through the aggregation and use of data meant to improve the lives of residents. The growing data revolution has paved the way for low-cost sensors within a securely protected system that aims to balance public safety and individual privacy. Smart cities offer good examples of IoT in everyday life.

  • IoT has the potential to transform the way cities consume water. Smart meters are equipped to improve leak detection and data integrity; prevent lost revenue due to inefficiency, and boost productivity by reducing the amount of time spent entering and analyzing data. Also, these meters can be designed to feature customer-facing portals, providing residents with real-time access to information about their consumption and water supply.
  • Energy-saving and sustainable practices are well within reach through IoT technology that makes it easier for buildings struggling with a legacy infrastructure. Smart building energy management systems, for instance, use IoT devices to connect disparate, nonstandard heating, cooling, lighting, and fire-safety systems to a central management application. For instance, Chicago installed a network of interactive sensors to collect real-time data on the city’s environment, infrastructure and activity for research and public use. This initiative sought to basically act as a “fitness tracker” for the city, measuring factors that affect Chicago’s livability, such as climate, air quality and noise.
  • By leveraging the power of IoT technology, smart transit systems may well be in place for providing integrated transport hubs seamlessly connected through multiple modes of transportation such as bus systems, metro systems, and so on. Even the monitoring of vehicles and pedestrian levels can optimize driving and walking routes.

IoT continues to evolve and make its way across many industries, enabling a seamlessly connected world. Ness is proud to work with our clients on a diverse range of forward-looking IoT projects, across domains, to help them utilize the latest technologies and drive profitable growth.

FAQs

How has IoT changed our daily lives?

IoT has changed our lives through increased convenience of automating mundane tasks, enhancing home security systems, wearable devices to improve health and wellness, and improved connectivity.

What is the importance of IoT in the world?

IoT’s importance and impact can be felt in task automation, improved safety and security of environments in the event of emergencies, optimizing energy usage, reducing carbon emissions, and driving innovation across industries.

How will IoT impact the future?

IoT impact can be felt in the development of smart cities, healthcare transformation, energy management, precision farming, and in improving manufacturing processes.

What are the 4 biggest benefits of IoT in our life?

The four benefits are convenience through automation, efficiency through real time insights, security by alerts on emergencies such as fire, and offering personalized recommendations on health and wellness.

Does WebAssembly Solve Performance Problems on the Web?

In every browser, no matter whether it is Chrome or Firefox, code is interpreted and executed by a JavaScript engine, which in turn specifically runs only with JavaScript. Unfortunately, traditional JavaScript is not perfect for every task we want to perform in modern days. While there are times when web applications demand high performance, and expect browsers to keep up, the legacy JavaScript engine fails to find every feasible way to optimize performance in the browser. That’s where WebAssembly—a new type of code steps in to solve the performance shortcomings.

At this juncture, Daniel Masarik, development lead at Ness Digital Engineering has authored a column for CMSWire, titled “Is a Faster Web on the Horizon with WebAssembly?” This insightful article discusses the advantages of using the new, portable binary format WebAssembly. As Daniel writes, given the support it has from global players and its interoperability with the existing web ecosystem, WebAssembly is a technology that deserves to be taken seriously.

View full article: https://ness.com/faster-web-horizon-webassembly/

The Rising Importance of Predictive Analytics

As big data continues to grow in demand, it is tough for organizations to make predictions about their future business outcomes and trends based on their historical data. With interactive and easy-to-use software becoming more prevalent, predictive analytics is no longer an option for business analysts and line-of-business experts, but a necessity. Organizations today are harnessing the power of predictive analytics to examine large data sets for discovering patterns, uncovering new information, predicting future outcomes and increasing their business bottom line.

While predictive analytics has the power to help all types of organizations, before moving forward with a major investment, it’s important for businesses to understand how to build a strategy, how organizations can ensure data quality and how predictive analytics models can be improved. In an article for AiThority, Moshe Kranc, Chief Technology Officer, Ness Digital Engineering, shares some insights on establishing predictive analytics as a true business discipline with a unique strategy in place, alongside considering various other components in the data quality process, which further helps to improve the predictive analytics model complexity and usability.

Read the full article: https://ness.com/the-power-of-predictive-analytics/

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