Software Engineering Insights

Daffodil Software, a leading software engineering company based in India, announced that it has been featured in Everest Group’s PEAK Matrix® Assessment 2021. The company is positioned as an ‘Aspirant’ under the Digital Product Engineering Services category. 

As cloud adoption becomes a widely accepted norm amongst organizations, effective management of the cloud infrastructure is now at the forefront. Efficient management of the cloud leads to holistic resource optimization and the option of keeping a close eye on cloud infrastructure spending.

The new norm of practicing DevOps has recorded success in streamlining and improving the deployment cycle. With benefits like automation, faster-time-of market & incident responses, DevOps has had a positive impact on the overall delivery of an application. 

The industry standard amongst IT and cloud computing-based organizations dictate the need for rapid testing, deployment, and scalability of applications. At the moment, the best option at the disposal of these companies is container orchestration. The most popular and sought-after container orchestration tool in the market today is the Azure Kubernetes Service (AKS). 

DevOps introduced a change in the IT culture with the adoption of agile, lean practices for development. It emphasized people, tools, methodologies, and discovered how a balance between the development and operations team could bring a significant shift in a software development cycle. DevOps leverage automation tools to build a dynamic infrastructure. 

Digital transformation and cloud migration were the survival doors for businesses to escape the uncertainty of the COVID-19 pandemic. 

In the Banking, Financial Services, and Insurance (BFSI) sector every single transaction is of significance. Fintech solutions that allows the tracking and management of expenses, revenues, inventories, and personnel must be highly reliable. That is why financial institutions invest in Document Management Systems (DMS) or Enterprise Content Management (ECM) systems as a priority, so as to keep a secure record of each financial event and activity.

The latest innovation in AI, known as deep learning, helps AI models learn from a fairly large dataset of examples. This type of learning, however, does not generalize for conditions that were left out or missed out during the training process. The alternative to this is Transfer Learning, which is extensively witnessing its application in the field of Natural Language Processing (NLP).

The personal financial planning software market is witnessing the entry of a new generation of planning software. While many existing clients of the leading financial advisory firms are reasonably satisfied, there is a need for fintech software solution that helps serve more specific client needs. Incorporating uncertainties and building a robust financial plan are not the only requirements for reliable financial planning software.

Individuals and companies have been changing the way they manage their finances through WealthTech or wealth management technology. A digital ecosystem of finances consisting of technologies such as AI, big data, and SaaS, is governing the global flow of money. The trends surrounding this set of technologies are transforming and being reimagined continuously to meet global changes in financial governance.