May 08, 2016

3 Ways to Use Big Data in FinTech

This type of Application Programming Interface (API) is a way of communication with an online banking system, where a third-party can use the information about a customer stored in the banking system. A client should simply log in into the bank account and banking API does the rest of the work; it checks the balance of the account or extracts the summary of his transactions over a certain timeframe. Then this data is surpasses to a third party, a company that is interested in getting this type of data. The best thing about banking APIs is that all of the data is only passed through the user consent. If you have not heard about this technology, you should definitely take a closer look into it. In the modern dynamic era, data sharing data is essential for the progress.


With Tech Layoffs Projected to Be Deep, Professionals Should Get Ready to Switch Gears

So the question that looms over these layoffs is, what is going to happen to these highly skilled, intellectually capable professionals? A percentage of them will likely find employment in other technology companies. But the numbers are really high, and the industry is probably not going to be able to absorb the entire set. Instead of feeling depressed about the whole thing, I would like to look at the positive side of this phenomenon. These are tech savvy people, many have worked for years and developed experience and savings, and can, or at least a percentage of them can, start new ventures. They don't all have to build billion-dollar companies. But they can focus on a $5 million, $10 million, or $20 million idea and build a $1 million, $2 million, $5 million, or $10 million company over the next phase of their careers.


Taking Agile to Marketing: Process, Teams, and Success Stories

We are well aware of how software projects with an agile approach requires a cross-functional team to be able to ensure the best output in our deliveries. Similarly, when we adopt the agile paradigm into marketing, it requires us to bring together a team that is strong on all elements right from strategizing to creating, designing, developing and executing the strategy. Where on one hand, all the conventional organizational silos are still in place, working as they always did, on the other hand, to successfully take up Agile Marketing, it is vital that you have a special team in place dedicated entirely to it. A team that spans institutional silos, breaking down the old school hierarchy model is able to create a cross-functional working model that is committed to agile marketing, empowered for efficient decision making and swift responses.


Cisco patch stops attackers from taking over TelePresence systems

The vulnerability is present in the TelePresence Codec (TC) and Collaboration Endpoint (CE) software. The affected devices are: TelePresence EX Series, TelePresence Integrator C Series, TelePresence MX Series, TelePresence Profile Series, TelePresence SX Series, TelePresence SX Quick Set Series, TelePresence VX Clinical Assistant and TelePresence VX Tactical. Users who can't immediately install the software updates can disable the XML API to mitigate this flaw, but doing so will make it impossible to manage the systems through the Cisco TelePresence Management Suite. Otherwise, a high-severity denial-of-service vulnerability was patched in the Cisco FirePOWER System Software. By exploiting the flaw, attackers could cause an affected system to stop inspecting and processing packets.


The power of platform

Today’s businesses need to bring order to their fragmented operations in a holistic model. Running a digital business, requires a platform with a unified console and shared tools, libraries and services, which supports a loosely-coupled and dynamic operation, without compromising control, performance and scalability. The objective of this shift toward platforms is to allow organizations to concentrate on their business, not on underlying and ever-changing technology. ... Future State presents a universal interface, which abstracts all of the technical complexity of working with NFV and SDN-based services. It provides a declarative, or intent-based, model for rapidly designing and testing new network services, offering them as products in a catalog, and managing the lifecycle service orchestration of the services, including service assurance and disaster recovery.


How Salesforce Does Enterprise Architecture

Business-value led means that the ultimate goal of EA is to enable your business goals and objectives. Whether that is enabling a new business model, a flexible mobility strategy or an omni-channel strategy, EA's number one goal is actually not about technology but about business results. Pragmatic means that EA provides an executable roadmap that takes months, not years. No business has the luxury of waiting for a year or more for systems enablement. In many cases, business are already behind the curve in terms of having the systems they need to meet their business requirements. .... MVP or Minimum Viable Product approach means that EA should NOT be filling binders with amazing-looking artifacts. The creation of complex technical documents and diagrams is not a business value add.


Getting started with cloud solutions: What goes where?

Make sure you fully understand company-wide storage and access demands, and factor in how they will change or grow in the future. You should also describe every workflow in your business to identify the candidates for migration. PC Magazine recommends your best bet is to first migrate easily transportable, low risk, and high return workflows, such as email and backup/restore, and then apply any takeaways from this initial migration to the tougher jobs coming later. Don't assume that your current view of each department's operation is up to date. Meet and directly speak with team leaders, drilling down into details about how each team handles its workloads, the sensitivity of data they handle, and who's involved in their collaborative processes. Do assume that connectivity to the public cloud could break, on either your end or the provider's end.


Controversial digital currency in news on creator revelation, host of Indian start-ups

The latest development notwithstanding, there has been a lot of buzz around bitcoins lately, especially in the Indian context. In December last year—exactly two years after it issued a caution against the use of bitcoin—the Reserve Bank of India (RBI) came around to appreciate the strengths of bitcoin’s underlying ‘blockchain’ technology. Blockchain is a digital platform that records all bitcoin transactions ever made in a way that can’t be altered. Around two months before that, in October 2015, Ratan Tata, chairman emeritus of Tata Sons, joined a group of investors, including American Express, to invest in a US-based start-up, Abra. The US-based company works on bitcoin and similar technologies for interchange of currencies. Indian bitcoin start-ups, too, are not very far behind and are seeing considerable funding activity.


Microservice Threading Models and Their Tradeoffs

Paying attention to the threading model is an effective way to focus the architect on considering the trade-offs between efficiency and code complexity. As a service is decomposed into parallel operations with shared resources, the application will become more efficient and its responses will exhibit less latency (within limits, see Amdahl’s Law). Parallelizing operations and safely sharing resources introduces more complexity into the code. However, the more complex the code is, the harder it is for engineers to fully comprehend; which means developers are more likely to introduce new bugs with every change. One of the most important responsibilities of the architect is to find a good balance between efficiency and code complexity.


Introducing the Architecture of the Future: Mapping the Way to IT Success

The question is what does “software defined enterprise” (SDE) really mean for IT and how do we get there. By way of an answer, our Office of Architecture and Innovation team recently came up with a game plan—appropriately called EMC IT Architecture of the Future. ... While the priorities highlighted in the plan are not new, this is the first time IT has brought them together in a single vision defining how each fits to deliver SDE. The intent is to help clearly communicate IT’s role in making the notion of SDE a reality. The resulting blueprint—which we are promoting throughout our organization with posters, blogs and videos— diagrams the components of how IT will approach the architecture of the future. It is a holistic vision of a software defined enterprise that will deliver value to our customers.



Quote for the day:


"Leaders keep their eyes on the horizon, not just on the bottom line." -- Warren G. Bennis