US healthcare system is heavily controlled both on federal and national level. Medical devices and software are subject to certification against stringent requirements laid down by regulatory agencies. Certification process is time and resource consuming that is why the recent announcement of software Precertification Program by the U.S. Food and Drug Administration (FDA) got a lot of play. How great will be the changes and will they be really business-friendly?
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Healthcare industry is technology-focused and eagerly adopts the most cutting-edge technologies. The adopted technologies are aimed at cutting costs, advancing care, and improving outcomes. Yet, they also bring with them new problems to be solved. We’ll discuss some of the challenges related to new technologies, which healthcare providers and facilities have to overcome.
Every year new technologies emerge in the marketplace and the most prospective ones loom large to give business more opportunities. FinTech is deemed to be one of the most technologically advanced industries and can be regarded as a testbed for global innovation.
Bumper-to-bumper traffic and surface car parks packed to the gunwales are the problems well known in every metropolis. Underground parking and parking blocks are the solution to ills but one has to know there is a vacant parking spot before making a dive into a parking structure.
Do you know how much money banks lose every year due to fraud? The Financial Regulation News data say banking industry lost $2.2 billion in fraud losses in 2016, 58% of which were related to debit card fraud. ATM Marketplace states that card fraud losses escalated in 2017 and it is projected that card fraud will grow an additional 42% by 2020.
Artificial Intelligence is one of the key drivers transforming the banking industry. Almost every company in finance sector, from a retail bank to a global financial institution, integrates Artificial Intelligence (AI) to save time, boost revenue, identify risks and fraud, and add value to their customers.
Effective and efficient business tools ensuring fast, safe and transparent transactions is one of great challenges in today’s digital world. Billions of people use billions of devices to come online and surf the web. The extensive growth of the web and the need to decentralize processes gave rise to a new model of building scalable and profitable applications, which became a new breed on the ring. These decentralized applications or Dapps do not belong to anyone, can’t be shut down by one person or even group of persons, and have no downtime. How it can be?