Showing posts from July 20, 2017

Telepresence robots in businesses

One can observe that, the adoption of telepresence robots in businesses was rapid during 2010-2015 owing to the improvement in broadband speed in developed countries. In effect, many businesses during this period adopted fiber optics-based high-speed broadband connections that facilitated uninterrupted video conferencing and meetings through telepresence robots and increased their adoption.

Emergence of precision medicine and Life science software

The emergence of precision medicine is very exciting, as Precision medicine uses genomics and identifies lifestyle and environment as crucial factors for human health. Alongside this momentum, Life science software helps in the collection and management of data and increases the performance of the organization. It efficiently analyzes patient data and helps to prepare extensive reports. One can also recall that, Life science software enables the centralized management of the organization's data, which aids decision-making, improves performance, and increases the operational efficiency.

In-memory computing (IMC) processes large amounts of data in the main memory of the server

In our ever-connected data-driven era, in-memory computing (IMC) processes large amounts of data in the main memory of the server, it aids in reducing the process execution time. Business of all sizes and firms across all industries can benefit from the obtained cost savings of the technology. This technology allows organizations to run existing scenarios at faster computational speeds and more cost effectively than the traditional on-disk technology. For many analysts, this technology boosts business insight, escalates efficiency, and reduces IT costs, providing a competitive advantage.

Here is what is fueling the global in-memory computing market

Steadily, one can observe that, the growing demand for effective and easy data access and the increase in transactional and analytical needs across several industries are bolstering the market growth. The industry is influenced by technological developments and is slowly shifting from traditional disk-based computing to Dynamic Random Access Memory (DRAM) based in-memory computing (IMC). According to Research and Markets, the global in-memory computing market was valued at USD 6.942 billion in 2016 and is projected to reach USD 33.927 billion by 2022, registering a CAGR of 30.27% over the forecast period of 2017 - 2022.

Cloud technology has revolutionized outsourcing business processes

It is now clear that, Cloud technology has revolutionized outsourcing business processes. For those who are unfamiliar, business process outsourcing (BPO) solutions are hosted on remote infrastructure, managed by cloud providers, and categorized as BPaaS. Cloud-based BPO provides advantages like cost reduction, reliability, scalability, and agility.

Business process outsourcing (BPO) and knowledge process outsourcing (KPO)

For those who are unfamiliar, Outsourcing of services reduces investment by the company and enables the utilization of available resources. Outsourcing of data analytics processes provides skilled talent and advanced analytical technologies in an offshore location.