Category: Software

Why Blockchain Has Yet to Reach its Potential

Blockchain was one regularly appearing in major headlines around the world, but over the past few months the technology has seen a serious decline in the amount of media buzz surrounding it. Decentralized ledger technology has long been harkened as a revolutionary asset that will change the business world and our personal lives alike, but some critics are now contending that blockchain was just a trendy innovation that’s already fading into insignificance.

Blockchain may no longer be in the center of the media spotlight, but it would be foolish to count the technology entirely out. Here’s why blockchain’s time is yet to come, and why it will grow in importance as time goes on.

The technology and its proponents are still maturing

It’s easy to dismiss blockchain proposals as pie-in-the-sky fantasies, but what few critics realize is that we’re only just beginning to learn about the myriad ways that blockchain services can revolutionize our lives. The technology itself and its chief proponents are still maturing and will need time to develop their sea legs before they’re ready for the widespread adoption of blockchain services. Regulations for the technology were initially shunned, for instance, but it’s now growing clear that more carefully delineated standards for blockchain governance are necessary if the tech is ever to become mainstream.

Many contemporary blockchain laws are hasty and ill-fitting, for example, demonstrating that legislators will need to re-approach the technology with a better understanding of it if they’re to incorporate blockchain into the modern economy. In many instances, lobbyists who may not have the best intentions in mind for blockchain’s future have often been involved in the creation of regulations governing it. Mainstream financial actors who feel threatened by decentralized digital ledgers have also taken steps to tarnish blockchain’s name in the public eye,


Quality Assurance in Tech Startup Investing

I founded a quality assurance company in 2008 and, since then, we`ve worked on the number of projects with different levels of investment funding. Not only did these projects require multi-stage management, but product owners and investors also needed to maintain comprehensive control over progress.

Today`s competitive market leaves no options but to utilize the latest digital technologies to gain the edge over the competition. In attempts to reduce costs and accelerate product delivery, IT companies undertake a variety of initiatives. But often, instead of anticipated success, these initiatives bump into schedule, budget and development hurdles, turn into troubled projects and fail. 

Although Project Management Institute (PMI) reported a 20% decrease in project failure rates, the amount of money lost is still staggering. The report estimates nearly $97 million to be wasted for every $1 billion invested in the product.

Data from CIO estimates a 50% project failure in the IT industry. The Harvey Nash/KPMG CIO Survey found that weak ownership is one of the main reasons why 46% of IT projects never go live. This means the team lacks involvement from the executive level, while the process itself lacks sufficient control and support. However, the experience of our team says these issues aren`t the prior reason for failure. Unqualified ownership leads to poor monitoring of the development life cycle evident in 90% of the projects we`ve worked on. 

Why does project performance control matter?

Project performance control is a key aspect of successfully launching and growing a startup. Why? Because it works both ways.

  • As a product owner or investor, you`re on the safe side. 75% of IT teams anticipate project failure at the very beginning, according to Geneca research. What the survey says is that the issues of IT projects are usually hidden below the surface right


How Small Businesses Can Take Advantage of Big Data

You can do it. Even though you operate a small business, you can take advantage of the power of big data analytics.

Big data technology is quickly transforming every field and industry. Resultantly, even business leaders who are generally slow to adopt new technology are curious about how they can use big data technology.

Businesses of all sizes – even small ones – want in on big data analytics, and the reason is apparent. It’s because companies that leverage big data analytics tools enjoy 15% more sales than companies that fail to do so, according to the Georgia Small Business Development Center (SBDC).

Even though the economy is expanding at a rate of less than 3% each year, entrepreneurs who operate companies that range from small-to-midsized businesses (SMBs) to large corporations are capturing vital market share by leveraging big data analysis.

The small business case for big data

51% of small business owners believe that big data analysis is a must, but only 45% of them perform data analyses, according to a report published by the Service Corps of Retired Executives (SCORE). Furthermore, 73% of small business owners express that finding new customers is a top priority, while 63% rank retaining existing customers as a top issue.

Data analyses can help small business owners meet their goals. Nevertheless, many business owners believe that they don’t have time to track analytics. However, it only takes a few moments of studying to learn how to use data to gain a competitive advantage.

Furthermore, you probably already have more than enough information to start a big data initiative without even realizing it. For instance, you can source information for data analysis from many places, including:

  • Email marketing reports
  • Sales Receipts
  • Social media analytics
  • Website analytics

This information, as well as data from


How Your Employees Can Become Citizen Developers

The digital era is hurried and continually evolving. For businesses that are developing and implementing new technologies, it is a necessity to automate and optimize their processes in order to keep up. This ends up being a problem in itself, though, as professional developers are a finite and often strained resource, making app development difficult to achieve in a timely manner. In fact, over half of IT leaders claim to struggle with a lack of IT talent to keep up with the current demands on their department. As the demands on the limited number of developers continue to grow, the pace of business only hastens.

Citizen developers are proving to be an excellent way for organizations to respond to this lack of available professionals. Instead of hiring a larger (and more expensive) IT department, businesses can turn to their own team for the innovative talents they need for app development. Gartner defines “citizen developers” as users who create “new business applications for consumption by others using development and runtime environments sanctioned by corporate IT.” In simpler terms, a citizen developer is not a professional developer, but they use tools available to them to develop apps that they and/or their team can use in their work.

Citizen developers are an often-untapped resource for many businesses. Their ability to automate workflows and processes saves companies both money and time, so it is in your best interest to enable the rise of citizen developers within several departments of your business whenever and wherever possible. Deciding to make it a goal to encourage citizen developers within your organizational structure is easy enough, but knowing exactly how to do so is not always clear. Here are three ways to make the most of the citizen developers in your business and take full


Data Loss Protection for Small Businesses

Many small businesses (SMBs) assume that because they’re relatively small, they’re unlikely to be targets of cybersecurity attacks. While this may be the impression created by the extensive media coverage of attacks on large corporations, small businesses are, in fact, not only susceptible but a favorite target of bad actors. In fact, according to Verizon’s 2019 Data Breach Investigation Report, 43% of cyber attacks target small businesses.

As a small business owner, it is not only your responsibility, but it’s in your best interest, to protect your private data. Ignoring this growing risk can be detrimental to your company. Rather, you should take every precaution you can to prevent such attacks. Here’s what you need to know about data loss and why you should invest in protecting your small business from it.

Risks have never been greater

While it’s important to take preventative measures to ensure your business’ data isn’t compromised in the first place, bad actors are always inventing new ways of infiltrating and compromising business networks and data stores. Due to this, business owners and IT teams will constantly be chasing the evolution of cyber attack technologies. It is inevitable the bad guys will get access to your data, encrypting it and holding it for ransom, corrupting it, or even wiping it out completely.

In the past, many SMBs chose not to invest in data loss protection software simply because the threat against smaller businesses was much less severe. Today, malware and data theft monetization strategies have made it easier to attack smaller companies. Additionally, because of limited resources and budgets, many SMBs simply don’t have the defenses in place to protect them from the threat of cyber attacks. In other words, hackers no longer discriminate between large and small businesses.

Recognizing these threats is the first