The best offshore technologies

Today, fintech is one of the innovation engines redefining the financial services landscape. At the heart of this revolution is software, the technological creations acting as catalysts for major changes in the financial industry.

In this article, we explore the incredible development of software in fintech, its essential roles and the latest advances.

Providing food for thought for companies wishing to develop their own fintech technology solution, we also discuss the various strengths of choosing to outsource IT development to Vietnam rather than France.

Providing new sets of opportunities and challenges, artificial intelligence [AI] continues to be at the forefront of the world’s ongoing digital transformation, with absolutely no signs of slowing down.

AI-powered technologies are nothing new. In fact, AI has had a transformative impact on a wide range of business sectors for at least a decade. In 2023, what is new, is the explosive growth of generative AI tools like ChatGPT and Bard, essentially thrusting the AI sector into mainstream awareness.

Supply chain attacks remain a major concern in the cybersecurity domain, requiring vigilant procedures from organizations that want to protect their digital assets and operations. Causing significant disruptions to key daily-life operations, supply chain attacks can result in irreversible damage to your company’s trust, reputation and stakeholders.

Social engineering attacks can have serious consequences for companies of all sizes. Left unprotected, these types of attacks can result in data breaches, financial losses and compromised security.

For a start, consider a social engineering threat as an attempt by cybercriminals to ‘hack the people’ of your company, instead of its network or particular technologies. This cybercrime approach essentially relies on various psychological strategies that aim to trick employees into actions they wouldn’t normally perform, or into sharing specific information they would never normally share.

Python programming is almost everywhere and the average internet user encounters its ‘magic’ - without knowing it - numerous times per day. The Python programming language continues to be one of the world’s most popular among developers, offering unparalleled versatility and accessibility within a wide range of industry fields.

By implementing vital security measures and by fostering a culture of cybersecurity awareness within your IT team, you can significantly enhance your organization’s ability to detect, prevent and respond to phishing attacks effectively.

According to the Cost of a Data Breach report by IBM in 2023, the global average cost of a data breach for businesses has reached a staggering $4.45 million. The same report found that phishing was not only the most common attack method used by cyber criminals, but also the second most expensive, costing companies an average of $4.76 million.

Computer programming plays a crucial role in the healthcare sector, offering numerous benefits such as improved patient care, streamlined administrative processes, enhanced research capabilities and more efficient resource management.

According to Statista, revenue within the eHealth sector is projected to reach an impressive $73.21 billion in 2023. In addition, this revenue is expected to show an annual growth rate of 10.59% and it is projected to reach a market volume of $109.50 billion by 2027.

Cyber security awareness is essential to empower employees and organizations to navigate the digital landscape safely, protect sensitive information and contribute to a more secure online business environment for everyone.

In case you are still wondering whether to make cybersecurity a top priority for your business, please consider the following not-so-fun facts:

➤ 300,000 new malware is being created every day, most of which is delivered by email.

➤ 2,200 cyber attacks occur on a daily basis, approximately every 39 seconds.

Artificial Intelligence (AI) is no longer a research domain for advanced computer scientists, it is already shaping our everyday working and private lives.

Always learning from the wonders of the human mind, artificial intelligence has already become an integral part of most software development projects.

According to a report by MarketsandMarkets, the global size of the AI market is projected to reach an impressive $407 billion by 2027.

Considering AI development? Read on for Bocacay’s overview of the top most in-demand AI programming languages for the year 2023.

Gone are the old days when computer programmers were thought of as mysterious computer doctors hiding in dark basements. These days, even if you are not an aspiring software developer, most IT-related jobs will often require a solid grasp of one or more computer programming languages. Wondering which programming languages are in top demand for 2023?