Tech Trends – Intellectsoft Blog https://www.intellectsoft.net/blog Fri, 19 Apr 2024 12:02:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://www.intellectsoft.net/blog/wp-content/uploads/cropped-favicon-1-32x32.png Tech Trends – Intellectsoft Blog https://www.intellectsoft.net/blog 32 32 Best Software Development Trends to Follow in 2024 https://www.intellectsoft.net/blog/software-development-trends/ Fri, 19 Apr 2024 11:58:42 +0000 https://www.intellectsoft.net/blog/?p=27616 Constant development and innovation are at the core of software development. It is constantly evolving and always in flux. Influenced by emerging technologies, global and...

The post Best Software Development Trends to Follow in 2024 appeared first on Intellectsoft Blog.

]]>
Constant development and innovation are at the core of software development. It is constantly evolving and always in flux. Influenced by emerging technologies, global and societal demands, among other factors, software development is one area where people have to keep abreast of software development trends, news, and challenges.

In this article, we will discuss the best software development trends to follow in 2024. Staying updated on the latest software development trends allows industry players and developers to maintain a competitive edge and deliver fresh and cutting-edge solutions every time.

The Evolving Landscape of Software Development

An interesting shift happened globally post-pandemic in 2021, during which the IT sector reentered a growth trajectory after having suffered numerous project delays, cutbacks, and retrenchments during the pandemic. The post-pandemic world saw enterprises big and small recognizing the need to adopt a digital culture. After being caught unprepared when the world went into lockdown, businesses now know better than to stick to the old ways in order to keep the lights on, come what may.

Gartner reports that 91% of businesses have now launched digital transformation initiatives, with 87% of more senior business leaders highlighting that digitalization is a top priority for them. Additionally, 89% of companies have also reportedly adopted a digital-first business strategy moving forward. 

In terms of software development, Statista projects that the market is likely to garner revenues reaching $738.96 billion by 2025. Enterprise software is set to dominate the market with a projected market volume of $312.80 billion in 2025, followed by application development software ($193.30 billion), system infrastructure software ($151.20 billion), and productivity software ($81.66 billion).

Infographic of revenue in the software market by segments, USD billion

Statista also predicts that the global software developer population will hit 28.7 million this year. In terms of working arrangements, it appears that 41% of developers have continued to work remotely despite the IT industry prioritizing a return to office culture overall. 

What’s Trending in the Software Development Industry in 2024?

Among the top software industry trends in 2024 are technologies like artificial intelligence, machine learning, and cloud computing. Development, Security, and Operations (DevSecOps) practices, as well as microservices architecture are also among the latest trends in software development.

Overall, the current trends in software development are driven by previous changes in the IT sector. As mentioned, the shift to digital has catalyzed a lot of change within the industry and has since transformed the way software is developed, deployed, and maintained.

Additionally, Agile development methodologies have gained wider acceptance, allowing for shorter development cycles amid hybrid and remote work. Just a decade ago, much of this would not have been possible without the increased collaboration among teams and departments facilitated by modern technology today.

As such, many of these software engineering trends are tied to the drive toward increasingly optimized current workflows, facilitating the shift to digital, and continuing to adopt and develop emerging technologies in software development. 

Let’s take a closer look at some trending technologies in software development.

1. Increased AI and ML Integration

On top of the list of the latest trends in software development is the recent uptick in the adoption and integration of artificial intelligence (AI) and machine learning (ML) across industries. Both technologies are now widely used by software development companies across the globe to enable data-driven decision-making in businesses as well as to build predictive analytics algorithms.

Regardless of business size, we’ve seen a surge in AI and ML integration all the way from small digital marketplaces to tech giants. This integration is projected to stay on a steady growth course in the coming years. AI, in particular, is expected to surpass half a trillion dollars this year. With a CAGR of 38.1% from 2022 to 2030, the AI market is projected to become a $1.87 trillion-dollar industry by 2030.

In addition to ML, among the top AI development software technology trends include:

  • Automated Machine Learning: AutoML will be incredibly useful in simplifying incredibly complex data sets across industries
  • Generative AI: Data generated by businesses will soon be used to create original content, including videos, images, and sounds
  • Natural Language Processing (NLP): NLP is set to enrich communication between algorithms and users with more advanced natural language understanding
  • Ethical AI: Designed to bridge the gap in trust between users and technology  by reinforcing cybersecurity measures, boosting confidence in automated systems
  • AI-as-a-Service (AIaaS): Companies will begin leveraging cloud-based platforms for a variety of AI services.

2. Application of Blockchain Technology Beyond FinTech

Blockchain technology itself is not new — but this time, tech experts see blockchain disrupting the software development sector in 2024 as it goes beyond fintech.

Businesses from various industries are beginning to understand the usability and value of the technology and are starting to implement it — especially since blockchain offers incredible security thanks to decentralization. 

The rise of decentralized systems in different software development sectors like the media, publishing, supply chain tracking, and healthcare is expected to continue on its trajectory moving forward. This is because blockchain’s decentralized nature makes it transparent, virtually unhackable, and incorruptible.

Developers are continuously finding new ways to create custom software development around blockchain technology, driving the blockchain market toward a CAGR of 58.90% with a projected value of $20 billion by the end of 2024.

3. Increased Investment in Progressive Web Apps

Like blockchain technology, progressive Web Apps (PWAs) are also not new — they’ve been around since their introduction in 2015. However, it is now gaining widespread adoption and acceptance, with a CAGR of 31.9% and a projected market value of up to $10.44 billion by 2027.

It also seems that the tech industry has caught up to PWA technology, especially given the exponential increase in mobile usage over the past decade. PWAs offer an opportunity for website owners to improve their website’s user experience and aesthetics by giving them a more app-like feel.

The development scene is seeing more site owners investing in PWAs. Previously, converting to PWAs wasn’t so common, which is why Pinterest made headlines for converting. Following an analysis of areas that caused poor site performance and retention, Pinterest went through an overhaul by rebuilding the website using React and converting it into a PWA. As a result, the site enjoyed a 40% increase in time spent on the platform and 44% more revenue. This was back in 2017.

4. More Companies are Embracing Low-Code/No-Code Development

It’s no secret that developing software can be a lengthy and tedious process. Low-code and no-code development offer developers a much faster and easier way to create apps with minimum coding, allowing teams to ship in record time.

Gartner has previously projected that companies of all sizes will begin to embrace low-code development, with the adoption rate set to exceed 50% through 2026. Experts suggest that the key drivers that will accelerate the adoption of low-code and no-code development are:

  • Increase in the number of business technologists
  • Growing levels of enterprise-level hyper automation
  • Composable business initiatives

“Organizations are increasingly turning to low-code development technologies to fulfill growing demands for speed application delivery and highly customized automation workflows,” shares Varsha Mehta, Senior Market Research Specialist at Gartner. 

Basically, these development types allow teams to develop apps with a limited budget and much shorter timeframes. Low code platforms function similarly to purpose-built Integrated Development Environments (IDEs) or platforms that are specifically designed to address varying needs and challenges. Some popular low-code platforms include Mendix, Appian, and Visual LANSA.

Some examples of low-code use cases are:

  • Leveraging an existing SaaS infrastructure with customized features according to what a specific business needs
  • Transitioning to a cloud-based relational database from traditional spreadsheets
  • Converting legacy applications into modern versions

5. The Emergence of FinOps and GreenOps

The cloud computing landscape is currently ushering in the emergence of the FinOps and GreenOps movements, counting them among the latest software development trends. Given the fairly recent upheavals with regard to the way things work, more companies are recognizing how important it is to streamline operations and processes across the board.

After the pandemic, no one wants to get caught unprepared to adapt and keep up with customers’ and the market’s changing demands. Businesses are also putting more effort into sustainability while driving savings and efficiency at the core of business efforts.

In a nutshell, FinOps seeks to drive efficiency across various financial processes, whereas GreenOps focuses on implementing eco-friendly practices in line with long-term value creation. By integrating FinOps and GreenOps, businesses can work to increase their bottom line, comply with regulations, support sustainability efforts, and improve their brand reputation.

6. Serverless Computing

Serverless computing, also called Function as a Service (FaaS), allows developers to create applications and services without having to manage infrastructure, leading to better efficiency and cost savings. 

Among the leading providers are Azure Functions, AWS Lambda, and Google Cloud Functions. For example, streaming provider Netflix has started using AWS Lambda for certain functions within the platform. 

Lambda takes care of tasks such as user authentication,  encoding videos, and backend processes. This allows Netflix to scale its resources based on demand without needing to manage servers while providing a smooth user experience and cutting costs.

Spotify, on the other hand, uses Google Cloud Functions to handle tasks such as user authentication, processing user-generated content, and backend tasks for music recommendation algorithms.

7. Greater Reliance on Distributed Computing

Distributed computing is another software development trend that is gaining more popularity in 2024. Distributed computing is a way of data sharing by way of different computer servers connected as a group. 

As such, large volumes of data that may be too much work for just one server can be spread across multiple servers and thus be processed much more quickly. Distributed computing allows applications to scale accordingly by just adding servers as needed. 

Overall, distributed computing improves performance while minimizing costs. Best of all, a system failure in one server will not affect others — allowing for continuity of operations should something arise.

8. Increased Focus on Cybersecurity with DevSecOps

Development + Security + Operations is DevSecOps. In a nutshell, it’s an automation, platform design, and culture approach. It also integrates security as a crucial and shared responsibility throughout the IT lifecycle. 

Many more companies are beefing up their cybersecurity programs with DevSecOps, as it focuses on built-in security over security measures built around data and apps. DevSecOps prioritizes early detection of potential risks and fixing these vulnerabilities before they become more significant issues.

DevSecOps breaks down silos between different teams and puts security at the forefront of all commit and pull requests. Compliance is also of utmost importance in the DevSecOps pipeline, and as such, compliance and security checks are always integrated.

9. Ushering the AR/VR Era

AR and VR are no longer confined to just video games and entertainment. For clarity, whereas AR uses real-life elements supplemented with computer-generated content to create an interactive and dynamic user experience, VR is entirely a virtual, immersive simulation. 

More and more businesses are seeing the value of these technologies in 2024 and are using them to create real-world simulations for customers and stakeholders, as well as interactive training programs for employees. 

For example, large pieces of tech or machinery that cannot realistically be brought into a trade show fair can be rendered via VR or AR, allowing customers and stakeholders to “experience” what it’s like. The same applies to prototypes that may not yet be ready but already have a defined blueprint.

Also, training programs can be enriched with demonstrative and hands-on training through VR and AR, allowing staff to perfect muscle memory without even having to operate the real thing right away (like heavy machinery and other equipment).

10. Microservice Architecture

Microservices architecture in software development refers to a different approach to software development. Microservices focus on creating single-function modules with specifically defined interfaces and operations.

This is in line with Agile and DevOps and has really picked up in recent years. Microservice architecture is small in scale and independent, allowing smaller development teams to write and maintain services much quicker and more efficiently. 

In such an architecture, each layer of service is separated from the codebase, making it easy to manage. This allows developers to update and manage an app or service without needing to rebuild or redeploy the whole thing.

11. AI in Healthcare

AI offers to the medical sector what a Deloitte study revealed to be among the top three goals of AI in healthcare: Improved efficiency, lower costs, and enhanced products and services.

One of the practical ways AI can help support these goals is by developing AI software that can improve symptom analysis through patient data, automatically detect medication errors, and automate administrative tasks overall. 

Venture capitalists have also reportedly invested over $8.5 billion in the top 50 healthcare AI firms, highlighting the current importance of AI in healthcare.

12. NFT Tokens in Cryptocurrency

NFTs, or Non-Fungible Tokens, are digital elements connected to the Blockchain. They are called such because they are non-fungible, meaning that they’re completely unique and not interchangeable. 

No two NFTs are similar, and this concept has pushed it to become a significant trend, especially concerning Blockchain-based payments in recent times. It is already one of the most common payment methods in software development outsourcing, possibly because it allows for fast, secure, reliable, and transparent payment between people. 

NFTs are projected to grow exponentially and reach $211.7 billion by 2030, with a growth rate of 34.2%. NFTs are built on smart contracts or self-executing lines of code, allowing for speedy and secure transactions.

13. React Native Continues to Thrive

The programming React Native has emerged at the top of the hybrid development market. This is because it allows developers to create high-quality cross-platform applications using a single codebase.

This allows teams to work much faster and more efficiently, cementing its status as an important tool for businesses looking to maximize their reach and streamline workflows. 

14. The Switch to 5G Technology

Alongside the rapid 5G rollout — experts predict that over 1.4 billion devices, or 15% of the global total, will be connected to this network by 2025. 

This is because 5G is more efficient than 4G. It is a new network architecture that seeks to redefine how people communicate and connect digitally, leading to enhanced user experiences. The 5G architecture is also expected to accelerate the growth of innovative technologies like the Internet of things and Artificial Intelligence (AI).

15. The Popularity of IoT is on the Rise

The widespread adoption and growth of smart devices calls for more IoT solutions, ushering in an era of more connectivity — allowing people to bridge the gap between the physical and digital. 

According to research, the global IoT market is projected to grow to $650.5 billion by 2026 and at a CAGR of 16.7%. This is because IoT has found several applications due to the rise of related technologies like AI, ML, automation through edge computing, and more.

City governments exhibit another welcome use of IoT solutions — from enhancing security to traffic congestion reduction, the goal is to streamline urban living and optimize city infrastructure with technology. Healthcare IoT gadgets are also facilitating early disease detection, providing people with better chances of recovery and healing.

16. Python Developer Demand Expected to Rise

Machine learning and data science continue to dominate several industries, causing an increased demand for experienced Python app developers. Python is often considered the ultimate Swiss knife of programming languages, as it is capable of performing numerous tasks and handling complex jobs.

Python also continues to remain versatile and relevant. From web design and app development to machine learning models, the programming language allows developers to complete projects efficiently. Among the key areas in which Python may experience an uptick in usage are game development, AI and ML applications, IoT, web and mobile apps, and automation and robotization. 

17. Web 3.0 Continues to Evolve

It is said that Web 3.0 holds the future of the Internet, as it is continuously being propelled by the latest technologies and software development processes. 

The three basic IT architecture tiers of Web 3.0 are:

  • Interaction: This refers to the content, hardware, and software that users communicate with
  • Computation: This makes up the logic to enable the interaction between users and the above elements
  • Information: Refers to the data and structure required for computing functions to be done accurately and efficiently.

Web 3.0 apps are characterized by complexity and interactivity and go a step beyond the static pages we got used to in previous web versions. JavaScript development is used to create Web 3.0 apps, making them both dynamic and responsive. 

Currently, Web 3.0 applications are already available on desktop browsers and some high-end mobile devices like smartphones with OLED panels. However, tech experts anticipated a much higher volume of Web 3.0 apps and compatible devices moving forward.

18. Cloud-Native Technologies Continue to Evolve

Cloud-native technologies and cloud-based architectures allow one to design, construct, and operate cloud-developed workloads, taking full advantage of the cloud computing model. Cloud-native prioritizes agility and better speed, allowing organizations to create strategic solutions that can support their business growth.

In 2024, cloud-native technologies will continue to evolve and increase in usage as cloud-native implementation allows developers to develop and execute scalable applications. Cloud-native apps work across modern and dynamic work environments, such as private, public, and hybrid clouds. This also covers microservices, containers,  immutable infrastructure, service meshes, and declarative APIs.

Additionally, with cloud-native stacks like DevOps and GitOps, developers can easily use continuous innovation and continuous delivery (CI/CD) to test applications while simultaneously pushing new code into production.

By leveraging cloud-native development, organizations can bank on built-in scalability and match any demand profile without investing in added infrastructure design or provisioning. Cloud-native development also allows developers to choose from various tools instead of being limited to in-the-box options.

19. The Advent of IoB (Internet of Behavior)

Personalization is an important driver of success in any business. The more effective your service is, the more your users will adapt their approach to your infrastructure. The Internet of Behavior (IoB) brings to the table important data like user behaviors, interests, and preferences from Big Data,  BI (Business Intelligence), and CDPs. 

Pulling from wearable devices, smart household electrical gadgets, and individual internet activity, IoB reveals valuable information on user behavior and their interests. IoB facilitates easier tracking, merging, and evaluating large volumes of data from various online activities and personal behaviors.

This includes things like social media habits and even commercial transactions. IoB is a little behind IoT in terms of momentum and adaptation. However, as consumers continue to gravitate toward personalization and businesses seek ways to give users a customized (yet still on-brand experience), it is highly likely that IoB will gain greater momentum. 

IoB is already being used by companies and startups. YouTube, for example, has begun to provide viewers with a more customized feed, much like Facebook and other social media platforms. Overall, IoB can help businesses resolve challenges that may hinder them from closing sales and acts much like consumer surveys without needing to expressly ask consumers about their preferences.

20. Edge Computing

Edge computing is called such because it processes data closer to the “edge” of the network or where it’s created—in an effort to greatly reduce latency and bandwidth use. According to research, the global edge computing market is expected to grow at a CAGR of 37.4% by 2027.  Fortune Business Insights projects that the global edge computing market will grow from $15.96 billion in 2023 to $139.58 billion by 2030. 

Edge computing is particularly crucial for IoT devices because they generate huge amounts of data. It can also improve privacy and security as data is kept locally. This is in opposition to centralized cloud platforms, which are not the closest to data sources. 

An increasing number of businesses have started to shift their analytics and decision-making from centralized cloud platforms to the edge.

This trend is largely driven by the observation that data captured at the edge often requires processing, storage, and analysis on-site, and it can’t always be done via cloud-based applications due to cost implications, uptime constraints, and latency issues.

Edge computing is an evolution of on-premise computing. It is technically an IT architecture that processes client data at the network’s edge, closest to the site of capture. By bringing computing closer to such data sources, edge computing is able to reduce latency and enhance real-time data processing capabilities.

Edge computing is particularly useful for applications that require immediate data analysis, such as autonomous vehicles and smart city technologies. In the field of healthcare, edge computing also ensures utmost data privacy and allows for AI-based real-time monitoring and close analysis of the patient’s condition. 

When applied in practice, this technology can transform traffic management by regulating traffic lanes, optimizing bus schedules, and even guiding autonomous vehicle flows.

21. Quantum Computing

The principles of superposition and entanglement are among the most fundamental quantum-mechanical phenomena used in quantum computing for data operations. Quantum computing is an even more advanced form of computing that uses quantum bits (called qubits) instead of classical bits.

The capacity to execute specific calculations much faster than classical computers is one of the primary advantages of quantum computing. As such, it has the potential to greatly revolutionize how machines solve intricate computational tasks, including cryptography, optimization, machine learning, and molecular simulation.

Quantum computing can be particularly useful in sectors like energy, finance, healthcare, and logistics, especially to address computational challenges that may be deemed too complex (even insurmountable) for classical computers. This includes simulating complex system behavior, decryption of cryptographic codes, and optimizing logistics networks that are incredibly large in scale.

That said, the development of quantum computing technology is still in its early stages. Researchers are currently actively engaged in building quantum computers and refining quantum algorithms, as well as software tailored for their operation. Leading companies are currently developing software to make quantum computing more accessible to a wider audience. 

These include tech industry leaders like IBM, Google, Microsoft, D-Wave, and Amazon. IBM is ahead of its peers with Quantum System One and Two, which uses powerful processors of up to 127 qubits. Microsoft, on the other hand, is focusing on topological qubits and integrating them into the already-up Azure cloud platform for wider accessibility.

Conclusion

Current software development trends are driven by the massive shift to digital, as well as the convergence between AI and new technologies that seek to improve our ways of working and living. 

Significant leaps are being made in the field of groundbreaking technologies like the Internet of Things, Internet of Behavior, and Web 3.0, as well as quantum computing — all of which can catalyze even more advancements especially when applied to city traffic, healthcare, finance, and other sectors.

Additionally, technologies that have been around for a while are now finding a firmer footing and are enjoying wider adoption. These include blockchain technology, NFTs, and PWAs, as companies see more use cases and security advantages.

Trusty programming languages like Python and JavaScript remain at the forefront of software development despite these trends. Still, newer ways of doing things — like serverless computing, edge computing, DevSecOps, FinOps, and GreenOps — are coming to the fore as workplaces continue to evolve and create new demands that developers need to address.

Your Partner in Development

Intellectsoft prides itself on a comprehensive approach that includes consulting, engineering, and support services. As your software solutions provider, we can offer custom AI, Blockchain, IoT, mobile, and other solutions depending on your needs. 

Our team of experienced developers can handle projects of any type and difficulty. From simple web and mobile apps to cloud-based enterprise-level products, we’ll take your vision from the idea board and make it a reality. Get in touch with us today to consult with an expert!

The post Best Software Development Trends to Follow in 2024 appeared first on Intellectsoft Blog.

]]>
The UK-Ukraine TechBridge: Intellectsoft Creates A Work Group To Build A Global Digital Infrastructure https://www.intellectsoft.net/blog/the-uk-ukraine-techbridge-intellectsoft/ Mon, 22 Jan 2024 14:13:59 +0000 https://www.intellectsoft.net/blog/?p=27442 The new program TechBridge, launched by the governments of Ukraine and the UK, marks the beginning of the next-generation digital infrastructure distributed across Europe and...

The post The UK-Ukraine TechBridge: Intellectsoft Creates A Work Group To Build A Global Digital Infrastructure appeared first on Intellectsoft Blog.

]]>
The new program TechBridge, launched by the governments of Ukraine and the UK, marks the beginning of the next-generation digital infrastructure distributed across Europe and beyond. We spoke to Yevhen Kulinichenko, Chief Engineering Officer of Intellectsoft, the technology partner of Fortune 500 companies including EY, Nestle, and Jaguar. Yevhen talked about their latest trials aimed at enhancing software development processes by incorporating generative AI assistance.

ChatGPT has gained a reputation as a transformative tool that reshapes certain aspects of our development processes. IT professionals are using it to automate and streamline specific tasks, such as assisting in writing test cases or providing quick solutions to common coding problems. On the business side, ChatGPT assists in rapid prototyping and ideation phases, where its ability to generate coherent, context-aware text can significantly speed up the initial stages of development. However, its effectiveness is constrained by the scope of its training and its lack of deep, project-specific context. It can suggest but not validate, nor can it understand the nuanced requirements of complex, custom software solutions.

Intellectsoft’s Center of Excellence (CoE) is an innovation hub where our technical teams conduct experiments and test new approaches. 

This interview covers our expert’s perspective on the use of AI, specifically focusing on GPT (Generative Pre-trained Transformer) models and their applications, limitations, and impacts on software development. 

Let’s dive right in! What are your plans for contributing to the TechBridge project?

Yevhen Kulinichenko: My plans for contributing to the TechBridge project are strategically focused on leveraging our technological expertise to maximize the project’s success while ensuring alignment with our broader business objectives. Firstly, we intend to deploy a cross-functional team of our best engineers and developers, who will work closely with the TechBridge project stakeholders. This team will not only bring in-depth technical knowledge but also a profound understanding of agile methodologies to ensure rapid and efficient project development.

A key aspect of our contribution will be the integration of advanced technologies like AI and cloud computing to enhance the project’s capabilities. For instance, we plan to utilize AI algorithms to analyze and optimize data flow, ensuring efficient processing and storage of data. Cloud computing resources will be leveraged for scalable infrastructure, ensuring the project can adapt to changing demands seamlessly.

Moreover, we are committed to fostering an environment of innovation and collaboration. We’ll encourage our team to engage in creative problem-solving sessions and think-tank workshops with other TechBridge participants. This collaborative approach is designed to not only contribute our ideas but also to learn from the diverse perspectives and expertise within the TechBridge community.

Lastly, we recognize the importance of sustainability in technology. Therefore, our involvement will also focus on developing sustainable and environmentally friendly technology solutions. We’ll explore and implement green computing practices to minimize the environmental impact of our technological contributions.

In summary, we plan to contribute a blend of technical excellence, innovative thinking, collaborative engagement, security-conscious practices, and a commitment to sustainability to the TechBridge program. We aim to help set a foundation for its long-term success and growth.

You mentioned AI implementation as a focus area. Can you expand on that?

Yevhen Kulinichenko: We want to build on the experience that we already have. In 2023, we conducted experiments on improving software development processes by implementing generative AI assistance. Results are still being finalized, but we’ve identified dozens of scenarios where ChatGPT can be safely utilized to streamline delivery and facilitate problem-solving. 

As we delve deeper into the utilization of ChatGPT in software development, we’re uncovering its profound potential in augmenting our coding processes. For instance, when dealing with boilerplate code, ChatGPT can swiftly generate templates for commonly used code structures in various programming languages like Python or JavaScript, significantly reducing repetitive tasks. We’ve experimented with using it to draft initial versions of RESTful API endpoints, where it considers standard practices and even suggests appropriate HTTP methods and response codes. 

We’ve also started leveraging ChatGPT for debugging assistance. By describing a bug in natural language, the model can suggest potential causes and solutions, drawing from a wide range of similar issues it has learned from. This doesn’t replace a developer’s expertise but acts as an additional tool to accelerate problem-solving. Thus, while ChatGPT is a game-changer in certain aspects of software development, it works best as a complement to human skills, enhancing productivity and quickly highlighting some basic blind spots or standard reusable patterns. However, it still cannot handle the complex logic, style, or requirements.

Can ChatGPT handle tasks requiring senior-level expertise?

Yevhen Kulinichenko: ChatGPT is limited in creating novel solutions. It works by learning from vast amounts of text data to generate plausible word combinations. However, it neither invents nor actually comprehends ideas. It is still a mathematical algorithm that arranges words according to numeric probabilities. There is no independent consciousness that is inherent to human intelligence. ChatGPT’s utility is rather in quick recommendations based on existing knowledge.

How does ChatGPT compare with development environment tools like PyCharm?

Yevhen Kulinichenko: That’s an interesting question. Indeed, Integrated Development Environments (IDE) like PyCharm offer tools like code completion, debugging, and context-aware refactoring options that consider the entire project structure. What’s more, It can adapt to the style and requirements of the codebase it’s working with.

Meanwhile, ChatGPT’s understanding of software languages and programming concepts is broad but can be superficial. It lacks the ability to understand the deeper context of a software project, such as project-specific architectures, dependencies, or the state of the current codebase. It can assist in generating code snippets, providing documentation references, or even suggesting solutions to coding problems. Still, it’s limited to the data that it’s trained on and doesn’t attend to the entire code structure and its state in real time like IDEs.

Are there any concerns about the misuse of ChatGPT?

Yevhen Kulinichenko: Yes, there’s a risk of misuse, especially if ChatGPT provides information based on public data that could be harmful. The potential for misuse of technologies like ChatGPT forms a crucial part of our risk assessment and management strategy. There’s always a possibility of inappropriate information being fed into AI models with malicious intent.

For example, in the software development realm, we can talk about the potential for intellectual property theft or inadvertent leakage. ChatGPT, when fed with sensitive data, could incorporate this information into its outputs, leading to data breaches. As a result, proprietary code or business logic could be exposed. So, for now, my recommendation is to refrain from trying to fix the code in ChatGPT or copy-pasting any information that might be considered sensitive. And since chatGPT 4 can now crawl the web, make sure your websites and social media accounts are properly protected as well.

Moreover, there’s the risk of psychological dependency on AI. Over-reliance of IT professionals on ChatGPT for code generation or problem-solving could lead to a degradation of fundamental skills. I think it’s vital to use such tools to augment, not replace, human expertise, ensuring that core development skills are retained and nurtured within the team.

Finally, what’s your perspective on the future of ChatGPT and AI in collaborative programs like TechBridge?

Yevhen Kulinichenko: Looking to the future, I anticipate significant advancements in tools like ChatGPT, particularly in their integration with more and more traditional software development tools and environments. We’re likely to see more sophisticated versions that offer better contextual understanding and can interact dynamically with existing codebases, potentially offering more nuanced and targeted suggestions, which will help us quickly scale and efficiently maintain global digital infrastructures

These advancements could lead to models that not only assist in code generation but also play a role in code review processes, offering intelligent insights based on coding best practices and even specific project history. Furthermore, as AI models become more adept at understanding and generating human languages, they will become invaluable in bridging communication gaps between technical and non-technical stakeholders, facilitating a clearer understanding of project goals and requirements. This evolution will require a shift in how we perceive these tools, not just as assistants but as integral components of our software development ecosystems, enhancing both efficiency and creativity.

The post The UK-Ukraine TechBridge: Intellectsoft Creates A Work Group To Build A Global Digital Infrastructure appeared first on Intellectsoft Blog.

]]>
Predictive Analytics in Healthcare Industry https://www.intellectsoft.net/blog/predictive-analytics-in-healthcare/ Sat, 30 Dec 2023 13:40:24 +0000 https://www.intellectsoft.net/blog/?p=27358 Prevention is better than cure — there are few industries where this classic expression applies as directly as to healthcare. In most cases, forfending health...

The post Predictive Analytics in Healthcare Industry appeared first on Intellectsoft Blog.

]]>
Prevention is better than cure — there are few industries where this classic expression applies as directly as to healthcare. In most cases, forfending health problems is an approach far more effective than treating them. By catching illnesses early or preventing them altogether, we can reduce the need for extensive medical treatments, surgeries, and long recovery periods. Predictive analytics in healthcare makes that possible, but that’s only the basis. 

Increased awareness and regular health screenings are the staples of a prevention strategy, but their possibilities have quite defined limits. Beyond those limits, it all boils down to extensive data and our ability to maximize its practical use. As modern medicine advances, our prevention potential has become larger than ever. Advances in research and technology keep providing us with cutting-edge tools for the early detection of diseases, from personal cases to pandemic outbreaks.

This shift toward data-driven prevention is changing the way healthcare works. It’s based on predictive models programmed to collect and analyze provided information and use it to calculate potential outcomes. That way, it helps both patients and healthcare workers, paving the road toward a more resilient society. 

What is Predictive Analytics in Healthcare?

Predictive analytics uses technology to improve individual and overall community health and establish more efficient, cost-effective healthcare systems. The method takes full advantage of advanced data analysis techniques, using deep learning, machine learning, big data, and AI to interpret even the most complex datasets.

While still considered a very innovative approach, this in-depth assessment model is quickly becoming a cornerstone of contemporary healthcare. It offers transformative capabilities to all facets of the industry, from patient care to hospital management to global health maps. In other words, it marks a transition from a reactive, treatment-based approach toward a more preventive one.

What does that mean? In the healthcare sector, prevention and timely interventions can pull the line between life and death. Using information collected from a variety of sources, the analytics models push that line further away. Those sources include EHRs (electronic health records), wearable health devices, family history, and genetics. On a broader scale, the models also involve ethnic predispositions and socio-economic data. Put together, they generate a network of indicative cross-points ready for further interpretations.

It is now clear that predictive analytics requires vast amounts of data. It relies on statistical algorithms, machine learning, and data mining to process and decipher all types of relevant facts. Personal medical histories and current conditions play a key role in individual cases, but other factors, such as global health trends, also contribute to the results.

As noted before, this kind of analysis has a much broader application. Beyond individual medical care, it plays a crucial role in public health management, where global population health data aids in preventing or handling massive outbreaks. Correctly identified health trends within communities directly promote efficient public health interventions.  

How to Use Predictive Analytics in Healthcare

We can separate healthcare predictive analytics into three main categories:

  1. Prevention & early diagnostics 
  2. Impact on personalized treatment plans
  3. Hospital resource optimization

Prevention & Early Diagnostics

Diagnostics is the area where the predictive models make a significant difference. Data-driven methods are taking diagnostics a few steps beyond the conventional approach, lifting the focus from traditional, limited, test-based analytics to put it in a broader perspective.

In the simplest words, such models allow doctors to identify the patient’s “bad potentials”— all those things that could induce severe health problems in the future — and react early enough to stop the possibilities before they become a reality and develop into serious illnesses.

Take widespread chronic diseases as an example. Let’s say, diabetes or heart conditions. An analytics model would access your medical history, habits, and lifestyle, as well as genetic information for hereditary factors. Based on collected and researched information, it accurately computes your prospects of developing (or avoiding) such disorders. In return, the doctors can recommend suitable preventive measures, from lifestyle changes to specific treatments. 

Impact on Personalized Treatment Plans

Following the diagnostics, the predictive models make it possible to tailor a custom treatment plan for each patient, maximizing its effects. Personalized treatment strategies are particularly effective in fighting cancer and chronic conditions where “one size fits all” doesn’t always yield the best results.

A good example here would be the impact predictive analysis can make on treating patients with cancer. Based on the patient’s history and genetic map, the oncologist gets a clearer picture of the treatments with the highest healing potential. Along with the increased chances of success, the method also minimizes the risk of unwanted side effects.

Or, imagine a scenario where the model analyses a group of patients with a high risk of Type 2 diabetes. In addition to common data, it will take into account specific indicators typical for that condition, such as subtle changes in blood sugar levels that might not be alarming at first. The next step would be developing personalized prevention plans to prevent the development or progression of full-blown diabetes, reducing also other possible consequences like kidney failure or vision problems. 

Hospital Resource Optimization

Efficient management is one of the columns of a successful healthcare business. Predictive analytics has an important application in this field, aiding in patient inflow forecasting and tactical resource allocation. 

For instance: By basing predictions on data, you can navigate the effective response to seasonal flu outbreaks. This includes staff shifts, number of beds, equipment, and medication inventories. Optimizing resources leads to better patient care and reduced waiting times, bringing a myriad of additional benefits. 

Examples of Predictive Analytics in Healthcare

A group of scientists from Johnson & Johnson and Stanford University conducted a study to examine the effects of machine learning combined with real-world healthcare data. They applied a predictive analytics model to bariatric surgery.

Their study focuses on using laparoscopic metabolic surgery (MxS) for treating Type 2 diabetes (T2D). While this surgery can often lead to diabetes remission, patients have shown different responses to the treatment. To address this, researchers developed an open-source predictive analytics platform. The intention was to predict which patients are most likely to stop needing diabetes medication after MxS — a sign of improved diabetes control.

In their methods, the researchers selected patients from two large U.S. healthcare databases who met specific criteria. All subjects underwent MxS between 2007 and 2013, were over 18 years old, and had a diagnosis and treatment history of T2D. The main outcome they looked at was whether these patients could stop taking diabetes medication between one and two years after surgery. To predict this, they used a logistic regression model, taking into account factors like demographics, medical conditions, and treatments.

The results showed that out of 13,050 patients in one database and 3,477 in another, a large percentage (about 71-73%) stopped needing diabetes medication after surgery. The predictive model was accurate in both databases.

Aligning with many similar healthcare predictive analytics use cases, these findings demonstrate how implementing such models helps providers make better decisions about patient treatment.

Pros and Cons of Predictive Analytics in Healthcare

In terms of efficiency and cost-effectiveness, predictive analytics helps healthcare systems reduce unnecessary treatments and hospitalizations. Focusing on prevention and early intervention can lower healthcare costs for providers and patients alike.

The Pros

From the patient’s perspective, the benefits of predictive analytics in healthcare are vast:

  • Tailored treatments and care plans based on individual health data, leading to better outcomes and patient satisfaction.
  • Identifying potential health issues early allows for timely and often less invasive treatments.
  • By providing insights into health risks and treatment effectiveness, the doctors encourage patients to actively participate in their healthcare decisions.
  • Fewer hospital visits, lower treatment costs, and reduced physical and emotional stress for patients.

Adding to the benefits for patients, predictive analytics also offers significant advantages for healthcare providers:

  • Optimizing hospital resources, such as staff scheduling, bed allocation, and medical supplies, ensures everything is available when most needed.
  • Predictive analytics help avoid excessive procedures and tests.
  • Making more informed decisions leads to better patient management and treatment strategies.
  • Predictive models can identify potential complications or readmissions, allowing healthcare providers to mitigate risks.
  • The overall efficiency of healthcare operations enhances workflow and reduces administrative burdens.

The Cons

Without a doubt, predictive analytics in healthcare offers numerous benefits, but there are also several challenges and drawbacks to consider:

  • Predictive analytics in healthcare requires access to large amounts of personal health data. This raises concerns about patient privacy and the security of sensitive information.  
  • The effectiveness of predictive analytics heavily depends on the quality and accuracy of the data used. Incomplete, inaccurate, or biased data can lead to incorrect predictions, potentially impairing medical advice or decisions.
  • Some concern that predictive analytics might perpetuate existing biases or inequalities in healthcare. 
  • Healthcare providers may become overly reliant on predictive analytics, potentially overlooking the importance of clinical judgment and patient-specific factors.
  • Predictive models can be complex, and their results might be difficult for both patients and some healthcare providers to interpret. 
  • Developing, implementing, and maintaining predictive analytics systems can be expensive and resource-intensive.  
  • Predictive analytics in healthcare must navigate various legal and regulatory frameworks, which can be complex and vary across regions.

Predictive Modeling in Healthcare

Healthcare predictive analytics software uses statistical techniques and algorithms to dissect historical and current data. Patient medical histories, various records, and demographic information help identify patterns and correlations that might otherwise pass below the radar. 

Apart from anticipating individual patient outcomes, they can also forecast broader health trends, like the possible outbreak of infectious diseases or the future demand for specific healthcare services.

Incorporating the global perspective, predictive analytics in healthcare extends its benefits beyond individual healthcare to influence large-scale health trends and global health management.

  • Predictive analytics in healthcare projects enables health organizations to monitor and predict disease trends on a global scale. This is crucial for anticipating and managing outbreaks of infectious diseases, such as flu epidemics or pandemics like COVID-19.
  • By analyzing health trends and patterns, predictive analytics can inform public health policies and planning. Governments and international health organizations can use this data to allocate resources, plan vaccination drives, and implement preventive health measures.
  • Predictive analytics in healthcare projects fosters international collaboration in healthcare. That leads to coordinated global responses to health crises, benefiting healthcare systems worldwide.
  • Predictive analytics can help identify regions or populations with inadequate healthcare access.
  • Insights from predictive analytics can navigate the focus of medical research and development efforts toward conditions that pose the greatest global health risks.
  • Prepared for emergencies, health organizations and governments can efficiently organize and respond.

The Future of Predictive Analytics in Healthcare

The future of predictive modeling in healthcare is bright. New trends and technologies emerge daily, and that includes ever-evolving game-changers such as AI and machine learning. 

Look at them like your exclusive, genius assistants who can save copious amounts of time sifting through the data sheets. As they get even smarter, they can spot health patterns and predict issues more accurately, which improves the overall patient experience and boosts the clinic’s reputation in return. 

Moreover, the popularity of self-monitoring gadgets is on a constant rise. Wearable smart devices and health trackers are, more or less, a common thing nowadays, collecting and providing a lot of information in real time. It all becomes a part of big data to fine-tune the general predictions.

Another thing to look forward to is the impact of predictive analytics on precision medicine. The personalized approach puts aside the “cookie cutter” solutions, relying on data to pinpoint the best treatment solution for each person. 

There is also an ethical dimension. Excellent healthcare is not accessible to everyone. Predictive analytics can minimize the need for costly medical treatments in the person’s future, thus helping build a healthier, more responsible society. Subsequently, such an approach also takes away a part of the burden from the social security system, allowing for better budget optimization in return.

In short, the future of healthcare looks like it’s going to be a lot more personalized, predictive, and smart. After all, it’s all about getting the right treatment to the right person at the right time.

Best Practices for Healthcare Organizations

If you plan on venturing into predictive analytics in healthcare, here are key best practices to consider:

  1. Prioritize data quality: High-quality, accurate, and consistent data is paramount. Regularly check and clean your data to maintain its integrity.
  2. Organize extensive staff training: Ensure your healthcare staff are trained in using predictive analytics tools and understanding the insights they provide. Keep training up-to-date with new developments.
  3. Collaborate across departments: IT and healthcare professionals should work closely together. This ensures technical solutions meet clinical needs and vice versa.
  4. Adhere to privacy regulations: Always comply with legal standards like HIPAA and implement robust security measures to protect patient data.
  5. Set clear goals: Start with specific objectives, like improving patient outcomes or optimizing resource use. This helps in focusing your predictive analytics efforts.
  6. Regularly review and adjust: Continuously evaluate how well the analytics meet your goals and be ready to adapt your approach as needed.

Wrapping Up

Predictive analytics mark a significant stride toward advanced patient care and operational efficiency. As the technology continues to evolve, its potential to transform healthcare as we know it remains vast and deeply promising.

Expert companies such as Intellectsoft stand out in delivering healthcare IT infrastructure tailored to your needs, leveraging their extensive experience and global expertise.  As a committed IT solutions provider, Intellectsoft ensures thorough assistance at each stage. From initial discovery workshops to ongoing support, we honor our clients with well-rounded service and continuous guidance.

The post Predictive Analytics in Healthcare Industry appeared first on Intellectsoft Blog.

]]>
Fraud Detection with Machine Learning and AI https://www.intellectsoft.net/blog/fraud-detection-with-machine-learning-and-ai/ Thu, 16 Nov 2023 17:55:27 +0000 https://www.intellectsoft.net/blog/?p=27253 Scientists and engineers believe that artificial intelligence and machine learning are potential solutions to all current and future problems faced by mankind. Various types of...

The post Fraud Detection with Machine Learning and AI appeared first on Intellectsoft Blog.

]]>
Scientists and engineers believe that artificial intelligence and machine learning are potential solutions to all current and future problems faced by mankind. Various types of fraud have become one of the most burning and dangerous problems with devastating effects. This threat constantly evolves and can get many different shapes, from scam emails to deepfake videos of global leaders. 

It is evident that human capabilities are not enough to fight this problem, so people need a more resourceful companion, like AI and ML technologies. They have shown great potential in detecting behavior patterns and specific features that are characteristic of fraud. The global investments in AI in fraud management are growing every year and are expected to exceed $57 billion in 2033. 

Understanding Machine Learning and AI in Fraud Detection

Artificial intelligence is a general concept of simulating human thinking processes with computer technologies. Within this concept, there are several aspects, and machine learning is one of them. ML focuses on training AI based on given data sets without manual reprogramming. Usually, machine learning is performed using one of the three approaches: supervised, unsupervised, and reinforcement.

Deep learning is a subset of ML that focuses on improving automation by creating a neural network that resembles the structure of a human brain. As opposed to traditional ML approaches, deep learning algorithms can process unstructured information and improve their accuracy using such processes as backpropagation and gradient descent. 

AI trained on specific historical data can become a powerful instrument for such complex tasks as fraud detection. Given that many schemes of online fraud rely on bots, the automated detection provided by AI and ML technologies is a very fitting solution with excellent capabilities of scaling and improving its performance.

Diagram to show the relationship between artificial intelligence, machine learning, and data learning.

Principal Fraud Types Detected by Artificial Intelligence

Defining even the approximate number of fraud schemes and tactics across all industries is challenging since new variants appear every day. Here are the three most popular categories of fraud associated with online activities.

Account Botting: Creating Fake Accounts and Bot Networks

Fake accounts are the modern-day plague of the Internet. Billions of fake profiles are automatically created and linked together, forming massive networks on popular social media and other relevant websites. For example, every quarter, Facebook removes from 1.3 to 2.2 billion fake profiles. Thanks to proactive measures, such as using AI for fraud detection, LinkedIn was able to detect and remove 44.7 million fake profiles during registration in the second half of 2022.

Online Payment Fraud: Card-Related Crimes

Bot networks are often used to perform brute-force attacks. One of the purposes of such attacks is to test stolen credit card information and determine whether it is still valid. This activity is usually characterized by large amounts of low-value orders. Machine learning fraud detection can identify and prevent such automated purchase attempts before they harm businesses and cardholders.

Identity Theft: Account Hijacking, Automated Credential “Guessing”

As another implementation of bot networks, account theft can be performed using brute-force methods similar to those described in the context of credit card fraud. Bots can try to input credentials from stolen databases or pick passwords based on the vocabularies of the most common variants, and so on. Again, AI solutions are innately good at identifying automated routines, and they can quickly adapt to new variants of such fraud.

Usually, the types of fraud mentioned above are the initial steps of complex schemes that involve other criminal activities, such as money laundering, investment scams, insurance scams, and so on.

How to Use Machine Learning for Fraud Detection?

Implementing Machine Learning for fraud detection can be broken down into a sequence of steps. To describe this process, we will use financial fraud as an example since it is one of the most popular types of scams encountered by businesses. However, with minimal adjustments, this scheme can be applied to fraud detection in other industries. For the sake of clarity, we will mostly refer to supervised learning as an example of using ML for fraud detection.

1. Providing Source Data

Teaching an AI involves feeding input information into a machine learning system to create a basic functional model that will be continuously improved. For supervised learning, source data must be pre-processed and structured. Specifically, it must be labeled as good when it refers to legitimate operations, and bad when it is related to known fraud. Unsupervised learning can discover patterns in unstructured information. 

2. Extracting Relevant Parameters

In the context of financial fraud detection, the most common parameters of source data are: 

  • number and frequency of successive transactions;
  • value of each transaction;
  • payment system and other information related to credit cards;
  • type of purchased product or service.

For example, when a popular fraud scheme involves ordering a specific product and then demanding a refund or chargeback due to alleged quality issues or failed deliveries, the known instances of such fraud will be broken down into individual parameters and analyzed as input data.

Another useful information for fraud detection with machine learning is user-related data, which includes:

  • IP address ranges;
  • detected use of VPN or other proxy services;
  • hardware IDs, such as MAC addresses;
  • various software-related data, such as name and version of OS, web browser, etc.

More input data requires more resources for processing but leads to a more accurate model capable of detecting more types of fraud.

3. Performing Rule Management

Source data analysis results in specific rules that define the fraud determination method. Basic rules involve one parameter: if it matches, an action will be marked as a potential fraud. For example, if a specific IP range is related to previous fraud, a rule will mark it as potentially unwanted. As a result, any IP address that belongs to the said range can be blocked automatically or flagged as a potential source of fraudulent activity.

However, most fraud detection algorithms use complex rules based on several parameters, which improves accuracy and reduces the probability of false positive triggering. Every parameter can be associated with a potential accuracy value and certain thresholds for triggering a relevant rule. In supervised learning, they can be reviewed and tuned by engineers after a predetermined number of cycles. 

4. Training, Evaluating, and Tuning the Model

A fraud detection model can run multiple times on the relevant historical data with the chosen set of rules to make decisions. More runs or cycles improve the accuracy of the model and make it find more patterns. Testing the “real-world” performance of the model on previously unknown data is the vital stage of creating an AI-powered fraud detection solution. It allows engineers to review and finalize the rules and customize the model according to the specific features of the particular business and industry. Then, specialists must seamlessly integrate the ML model as a custom solution into the client’s digital infrastructure. 

Benefits of Fraud Detection Using Machine Learning

Computers are excellent for processing and analyzing large amounts of information, so they are incredibly efficient in fraud detection. Here are a few advantages of using AI and ML for this purpose:

  • Improved speed and efficiency. AI uses hardware capable of performing billions of instructions per second, which is far beyond human capabilities. With a sufficient amount of source data, artificial intelligence quickly learns to detect patterns characteristic of most frauds. This enables real-time detection and immediate response to fraud threats.
  • Less human involvement. For such a responsible task as fraud detection, the decisions made by AI have to be double-checked and finalized by experts. Still, computers provide significant time savings by going through all the hard work and presenting results for manual verification. This benefit allows managers to relieve staff from monotonous and tedious activities and direct specialists to more creative and skill-demanding tasks. 
  • Better accuracy. Thanks to the ability to process large datasets, AI and ML solutions can reach conclusions with higher degrees of certainty. Further learning under the supervision of human experts additionally enhances fraud detection by increasing the probability rate and reducing false positives.
  • Higher learning potential. Again, AI’s excellence in processing information results in more advantages compared to human analysts. Data scientists just have to keep feeding new data to machine learning systems to enhance machine learning fraud detection models.
  • Cost savings. Since AI and ML greatly outperform the capabilities of human staff, these technologies present a much more cost-effective solution to the fraud problem. Additionally, they have excellent scalability to conform to the changing demands of the business. Compared to staff management, increasing the scale of an AI solution is cheaper and involves less hassle than finding and hiring a new specialist for fraud detection.
  • Round-the-clock availability. Unlike human staff, computers can work 24/7 and do not require holidays or weekends. Sure, the AI infrastructure is relatively complex and needs periodic maintenance, as well as hardware upgrades and software updates. However, these operations can be specifically planned and performed in stages to minimize downtime and ensure uninterrupted fraud detection with machine learning.

Though AI-based solutions require financial investments and the skills of many specialists to build and train learning models, all those efforts and resources eventually pay off. As AI learns and evolves, its beneficial effects become more powerful, and it gains more advantages over manual fraud detection. For example, artificial intelligence becomes more accurate and capable of functioning with less supervision.

Drawbacks of Machine Learning in Fraud Prevention

Though machine learning has proven its high efficiency in such demanding tasks as fraud detection, it also has several drawbacks. In some cases, they can have such a negative impact on the accuracy of conclusions made by Artificial Intelligence that manual analysis and human opinion would be preferable.

  • The complexity of implementation. Teaching an AI-based solution, just like teaching students, requires time, skills, and knowledge of experts. The unsupervised approach to ML that relies on deep learning algorithms has gained popularity over the years due to its autonomous nature and drastically improved accuracy. However, many experts still root for a supervised approach that requires constant human involvement.
  • Chance of malfunctioning and false triggering. When using AI-based analysis, there is always a possibility of a false positive result. In the context of fraud detection, this means that a legitimate activity is marked as illegal, which may result in restrictive actions against an innocent client. If an ML system is not aware that its decision is wrong, it can set off a chain reaction of further false detections that reduce accuracy and make AI choices increasingly unreliable.
  • Some models lack transparency and control. Depending on the type, ML models may be more or less automated and accurate. For example, black box models generally offer better automation and accuracy but do not offer many options for specialists to interpret their results and tweak their rules. On the contrary, white box models are more transparent and linear, so they provide clearly interpreted relations between input variables, fraud detection rules, and output results.

ML and AI Use Cases in Fraud Detection

Banking and Finance

JPMorgan Chase. Being among the global industry leaders, JPMC has been actively using artificial intelligence for years. The company has incorporated ML into its processes aimed at anomaly detection. Their AI-based security system that comprises deep learning algorithms and big data allows detecting malicious payloads like phishing emails or Trojan activities from both external and internal sources aimed at employees.

Healthcare

Elevance Health. This health insurance company, formerly known as Anthem Inc., uses Google Cloud’s data analytics capabilities and AI-driven offerings to detect possible fraudulent claims. They use statistical models and algorithms for generating petabytes of synthetic data, including datasets of healthcare claims, medical histories, etc.

eCommerce

Shopify uses and promotes a NoFraud system – an AI-driven decision engine that can analyze multiple data points on each transaction to eliminate fraudulent activity related to every step of order processing. The system examines numerous order details like IP address, device history, email longevity, social media, and others to identify the individual making a transaction and the possibility of fraudulence.

Wrapping Up

Frauds make their schemes smarter and more sophisticated every few months. So, to always be at least one step ahead of them, you need to engage artificial intelligence and machine learning in your fraud detection and prevention systems. The advantages these technologies bring to the fraud detection field are enormous – enhanced accuracy, total availability, unlimited learning potential, speed and efficiency, and a lot more. Despite a few drawbacks, using machine learning and artificial intelligence for fraud detection helps to save confidential information, money, time, and reputation for companies and their clients.

Intellectsoft is a custom software development company that has been delivering complex digital solutions for over 15 years. We offer a wide range of services and solutions, including enterprise artificial intelligence software that includes but is not limited to:

– Neural networks and deep learning;

– Custom machine learning models;

– Cloud-based AI-models;

– AI chatbots and applications;

– Face and voice recognition;

– Data analysis management;

– Raw data management;

– Data generation and augmentation, and more.

Over the years, we have delivered more than 600 bespoke solutions for businesses of all sizes – from early-stage startups to Fortune 500 enterprises from many countries across the globe. Last but not least, we have an engineering workforce in 21 countries, and almost 30% of our employees are females.

So, if you’re looking for a tech team that can build a solid fraud detection solution for your business using machine learning and artificial intelligence, don’t hesitate to contact us. As soon as our team gets your requirements, we will analyze your information and offer you the most effective solution or recommendations, depending on what you need. Just get in touch with us, and let’s make your product 100% fraudproof.

The post Fraud Detection with Machine Learning and AI appeared first on Intellectsoft Blog.

]]>
Unlocking the Potential of IoT in Supply Chain and Logistics https://www.intellectsoft.net/blog/iot-in-supply-chain-and-logistics/ Thu, 09 Nov 2023 12:33:19 +0000 https://www.intellectsoft.net/blog/?p=27247 The Internet of Things (IoT) technology brings unmatched benefits of control and connectivity to many industries. The level of such possibilities is immense in comparison...

The post Unlocking the Potential of IoT in Supply Chain and Logistics appeared first on Intellectsoft Blog.

]]>
The Internet of Things (IoT) technology brings unmatched benefits of control and connectivity to many industries. The level of such possibilities is immense in comparison to previous technologies, most notably analog and early digital tech, and can be achieved relatively easily. This is the reason why the worldwide investments in IoT skyrocketed over the last decade, and their combined amount now exceeds 800 billion dollars.

Chart of IoT spending in the world by vertical, in billions of US dollars (in 2015 and 2023)

Understanding IoT in Supply Chain Management

The Internet of Things refers to the network of smart devices tuned and connected into a comprehensive infrastructure with digital means to record, transmit, store, and analyze data. Without proper connection, the usability of IoT devices is severely limited and they cannot perform the full potential of their functions. 

Most commonly, logistics applications use such smart technology as GPS trackers, temperature sensors, accelerometers, imaging devices, and so on. They can collect data regarding environmental conditions during transportation and storage, the route and current position of a truck, and other relevant factors. 

To perform and improve the methods of supply chain management and logistics, the IoT infrastructure should include the hardware and software to store, maintain, and analyze the collected raw data. They require significant investments but offer considerable benefits that are well worth their price and ultimately result in cost savings and other optimizations. Let’s take a look at some of the most prominent advantages of IoT technologies in supply chain management.

Key Benefits of IoT in Logistics and Supply Chain Management

The implementation of IoT technology in logistics brings many advantages to different types of businesses. Virtually every stage of the supply chain can benefit from smart technologies and turn them into process optimization and financial profits. Moreover, the advantages of IoT are highly viable for different businesses and even industries that one way or another deal with logistics on a regular basis. Mining companies, storage facilities, delivery companies, and manufacturers of finished goods are just a few examples of such businesses.

Let’s take a look at a few illustrative advantages of implementing IoT technologies in supply chain management and logistics.

Improved Visibility and Transparency of Operations

IoT enables constant tracking and logging that greatly improves the visibility of all logistics-related processes. At every step from the supplier to the customer, the route and state of transported goods are monitored to ensure their proper condition and delivery time.

Smart technologies also improve security by making it much harder for criminals to steal from batches or shipments. In many cases, owners can track stolen goods using GPS data and inform the police about the current location of thieves. For example, Lowe and Home Depot implemented a combination of RFID and blockchain to detect stolen power tools and make them unusable without the proper point-of-sale activation. Other major retailers, such as Walmart and Target, also introduce complex anti-theft solutions that use IoT, AI, and other digital technologies to mitigate and prevent losses due to increasing crime activities.

Improved Utilization of Resources and Assets

The Internet of Things offers logistics managers many possibilities to optimize their storage and transportation resources. Modern industries use various devices that read barcodes, QR codes, RFID tags, and other marks to collect relevant data about goods. This method is especially popular among retailers that have many warehouses in different locations, including such leading enterprises as Amazon and eBay. 

IoT also enables further automation with the help of robotics, which leads to reduced workforce and operational costs. Smart devices also allow logistics managers to monitor the location and state of transport vehicles which is helpful for reducing downtime and scheduling maintenance. 

Improved Cooperation Between Departments and Branches

The management of logistics and supply chains in large enterprises with a wide network of offices, warehouses, and sales outlets is extremely complex. Luckily, it can be effectively optimized and simplified with the proper digital infrastructure that relies on IoT technologies. All relevant information collected from different smart devices within enterprise property can be transferred for processing and storage in a data center located on-premises or owned by a cloud service provider. This way, data can be easily available to employees at any authorized access point, such as at any office, store, or warehouse.

Improved Collaboration with Suppliers and Distributors

Data from GPS trackers installed in transport vehicles can also be shared with the relevant partners. This way, the logistics company can inform them about the location of vehicles that are supposed to pick up or deliver shipments. The improved automation and control provided by IoT technologies greatly streamline cooperation by making operations transparent and predictable. This is especially useful in relations between transport companies and retailers or between suppliers and producers, for example, between a mining company and a refining factory or between a farming company and a food processing plant.

Improved Working Conditions and Compliance

The use of IoT in supply chain management reduces human involvement by relieving workers from tedious routine activities. The extensive use of automation combined with AI and robotics also takes over the most dangerous and heavy-duty tasks, including loading and unloading, sorting, and so on. 

Moreover, enhanced control resulting from the implementation of IoT can ensure the company’s compliance with applicable regulations regarding the safety and security of goods, workforce, and other assets. This advantage is especially useful when a company deals with products and materials that are subject to specific legislation, such as hazardous chemicals, food products, pharmaceuticals, and others.

Additionally, IoT technologies are widely used in logistics and retail industries to monitor and control environmental conditions in storage facilities and transport vehicles. Most often, smart devices are configured to measure and maintain temperature and humidity within predefined ranges to avoid spoiling of perishable products. As one example, Maersk, which is one of the global leaders in the logistics industry, is known for its effective implementation of IoT in the company’s warehouses and shipping containers.

Improved User Experience

Transparency and predictability of logistics operations provided by the Internet of Things also appeal to customers of retailers and delivery companies. The ability to track a parcel and know the time of delivery has become a convenient standard for most international and local companies that send products to individuals. Barcode scanners identify shipments automatically and GPS trackers send relevant data to consignees periodically or in real time. For example, parcel-related information is usually shown to respective authorized users in a mobile application or on the website of the respective store or delivery company.  

Improved Business Planning

Numerous benefits of IoT in logistics and other industries enable new possibilities for the optimization of existing methods and devising new strategies. Information obtained from smart devices can be analyzed by human experts and AI to detect flaws, prevent accidents, improve workflow, and ensure uninterrupted operation. The comprehensive analysis of structured data may reveal new business opportunities and ways to improve existing strategies. 

These days, most logistics companies are actively implementing “green” standards by reducing emissions and waste that are commonly associated with transport vehicles. As one example, the combination of IoT, AI, and Big Data can be used to correlate GPS data from trucks with local traffic and weather information to optimize delivery routes depending on the season and time of day. As a result, a logistics company can reduce transportation and maintenance costs and build a positive reputation as an environmentally friendly business at the same time.

IoT Applications in Supply Chain

Considering the range and potency of benefits described above, many aspects of the logistics routine can be greatly enhanced using IoT devices. Let’s take a look at some processes involved in supply chain and logistics that make an effective use of smart devices.

Shipment and Delivery Tracking

The use of geolocation services has proven its overwhelming effectiveness in monitoring the transportation of goods and raw materials. These days, a small GPS tracker is a reliable and accurate source of real-time location data which allows business owners to know the whereabouts of their trucks, products, and raw materials. Thanks to IoT technologies, customers can easily track their parcels and see the estimated delivery date and time of their purchased goods. 

Warehouse Capacity Monitoring

IoT technologies improve the management of storage facilities by tracking the occupied and available capacities. This is especially useful in the case of the intense flow of incoming and outgoing freight. For example, logistics managers can know in advance whether a warehouse will be able to accept incoming cargo and what storage volume becomes available every time shipments are loaded in trucks.

Inventory Management

In addition to tracking storage capacity, IoT technologies greatly simplify the monitoring and audit of the current inventory. For a retail company, this involves determining what goods are out of stock and what range of commodities are available at the moment. In this case, such information can be reflected in the online shop of the retailer, so that customers who browse goods using a mobile application or a website can see the current stock. This information is constantly updated thanks to the well-designed infrastructure of smart devices functionally connected to data storage and processing means. Through this intricate network, information obtained, for example, from barcode scanners and RFID tags is transformed and relayed to a shopping app.

Storage Conditions Monitoring

Most products and raw materials require maintaining a specific environment for storage and transportation. If proper conditions are not met, the goods could spoil, become damaged, or lose their marketable appearance. Raw materials could degrade in quality, change their

chemical composition, and lose specific properties, making them useless in processing and manufacturing. To prevent such disastrous effects, many industries employ monitoring systems that include sensors and meters capable of measuring temperature, humidity, pressure, light intensity, and other environmental conditions. If any measurement falls outside the predetermined thresholds, the relevant product or material should be inspected to reevaluate its quality.

Routine Optimization and Automation

Many other operations that require human involvement and a “pen-and-paper” approach can be streamlined with digital technologies. The Internet of Things promotes automation and reduces the need for human operators to perform routine repetitive tasks. The combination of IoT with other digital technologies, for example, AI and ML can further increase the possibilities of automation and create new ways of supply chain optimization. Moreover, such a combination allows engineers to develop new business strategies, minimize accidents, and perform other improvements.

Challenges and Solutions in the Supply Chain and Logistics Industry

These days, it becomes increasingly difficult to run a profitable supply chain and logistics business. Let’s review several challenges that are common in this industry and see how they can be mitigated using IoT technologies.

Ineffective Business Processes

Business strategies require constant optimization and modernization which demand research and investments. Changes in the global economy and local markets directly impact the profitability of existing schemes and methods. IoT provides valuable information to analyze and find ways to improve business processes, create new strategies, and discontinue ineffective approaches.

Increasing Costs of Transportation

Oil shortage, rising gas prices, and growing traffic in popular areas increase the costs of transportation, making most businesses less profitable. Since most industries rely on transportation services in one way or another, the said increase creates a chain reaction of growing prices in many other fields. That’s why analysts and engineers use IoT to optimize routes and find new effective ways to deliver products and raw materials.

Environmental Impact

Environmental awareness has changed from a fancy trend to an absolute necessity for any company that wants to build a good reputation on the market. Optimization and monitoring provided by IoT help businesses turn green by cutting emissions and reducing waste. Trucks, vans, and other vehicles commonly used in logistics are notorious for being gas guzzlers. That’s why any optimization in supply chain management would be beneficial for both business and the environment.

Growing Customer Expectations

Technological progress spoils customers by making them demand better services at lower prices. These days, businesses must indulge these expectations in order to retain their existing client base and attract new customers. IoT helps logistics companies reduce delivery time, ensure shipment safety, and share required information with customers using mobile devices or other convenient means of communication.

Regulatory Compliance

Transportation and storage of many materials and goods are strictly regulated by various standards and laws. Luckily, IoT provides sufficient control, monitoring, and security to comply with such regulations. Smart devices ensure video surveillance, location tracking, authenticity verification, and other means to keep deliveries safe.

IoT Implementation Strategies

Similar to other digital technologies, the implementation of IoT requires a lot of planning, investments, and customizations. It’s not enough to simply buy and install smart devices to use them effectively for business optimization and other benefits. Here are a few essential steps of IoT integration:

  1. Evaluate the scale and needs of your business.
  2. Plan the “smart” infrastructure that solves your needs.
  3. Create and configure a data center to process and store information.
  4. Acquire, install, and connect smart devices, such as cameras, trackers, routers, etc.
  5. Prepare and configure software that ensures proper functioning of hardware and transfer of data.
  6. Process information into a structured form for further analysis.

This is the most basic strategy that must be refined and customized for each specific business and its requirements. 

Future Trends in IoT and Logistics

One of the most promising future trends in logistics is the 100% automation of most processes. From self-driving delivery trucks to loading robots, IoT will soon turn many of these sci-fi concepts into our everyday reality.  

Another interesting trend is the shift from gas-fueled delivery vehicles to electric cars and even drones. Amazon already uses drones to deliver parcels in specific areas in California and Texas. It is safe to assume that other businesses will eventually copy this initiative and find ways to remove current technological limitations and further improve logistics efficiency.

The global coverage of 5G and other network technologies is growing every day, resulting in better connectivity for smart devices. With the development of satellite Internet services, as shown by Starlink, the benefits of IoT will be more accessible even for the most remote corners of the world.

Final Thoughts

The Internet of Things has already brought many advantages to the supply chain and logistics, as well as many other industries. With all the information stated in this article, one can reach a conclusion – the longer you delay the implementation of IoT in your supply chain business processes, the harder it will get for your business to succeed on the market in the near future.

In case you’re looking for a reliable company with solid experience in providing IoT solutions for supply chain management and logistics, we suggest you consider hiring the Intellectsoft team. Just like implementing the Internet of Things in your processes, working with Intellectsoft has many perks. Here are only a few benefits of choosing us to create custom solutions for your business:

  • We use a wide range of programming tools and technologies for creating mobile, web, cloud, desktop, and other solutions.
  • We provide top-quality solutions for businesses of all sizes – from startups to Fortune 500 enterprises like Nestle, Mitsubishi, Intel, Melco, Harley-Davidson, and others.
  • Over 15 years, we have delivered 600+ bespoke digital solutions for our clients. 
  • We have an engineering workforce in 21 countries.

So, if you want to empower your supply chain and logistics business with IoT solutions, get in touch with us right away to leave your competitors far behind.

The post Unlocking the Potential of IoT in Supply Chain and Logistics appeared first on Intellectsoft Blog.

]]>
Java vs. Python: Main Differences and What to Choose https://www.intellectsoft.net/blog/java-vs-python/ Thu, 26 Oct 2023 13:10:59 +0000 https://www.intellectsoft.net/blog/?p=27199 Java and Python have been on the software development scene since the 1990s. These decades have seen their rise to popularity through impressive evolution and...

The post Java vs. Python: Main Differences and What to Choose appeared first on Intellectsoft Blog.

]]>
Java and Python have been on the software development scene since the 1990s. These decades have seen their rise to popularity through impressive evolution and gathering massive communities of dedicated supporters. As a result, there is a long-lasting “Python vs. Java” rivalry over the title of the best programming language. 

Such constant competition and comparisons are rather common in the software development world. They help to better understand the benefits and flaws of every technology and predict their future popularity. This is especially important for novice developers who choose a programming language to learn. For example, we have previously compared two Python frameworks, Flask vs. Django, for this purpose.

After almost 30 years since their appearance, both Java and Python remain among the most popular programming languages in the world. Let’s review and compare both of them, find their advantages and weaknesses, and try to decide if there is a clear winner in the Java vs. Python competition.

Infographics of the most used programming languages among developers worldwide in 2023

What is Java?

Java is a general-purpose programming language that appeared in 1995 and gradually turned into one of the most demanded tools for software development. Most notably, it became the default language for Android app development. So, the dominant position of Android as the most popular mobile operating system additionally promoted the popularity of Java.

However, Java has many other uses besides mobile app development. This object-oriented language is preferred by web developers and has also proven its efficiency in Big Data and IoT applications.

Key features of Java

The long-lasting popularity of Java is based on its numerous advantages and convenient features. Here are some of them.

  • Java is platform-independent. The fundamental principle of this language is “write once, run anywhere.” According to this concept, the compiled code may be easily executed on different platforms and does not require recompilation for this purpose. So, as long as a device can run a Java Virtual Machine, it can run Java code.
  • Java creates faster apps. Compared to other languages, Java supports multithreading and has automatic memory management. Thanks to these features, Java applications can use computer hardware more effectively than apps written in Python, for example.
  • Java provides more stability and backward compatibility. Since Java is a compiled language with static typing and strict syntax rules, all errors must be eliminated before compilation. That’s why compiled Java apps are more stable and error-free than software written in dynamically typed languages, such as Python.
  • Java has a vast and creative community. Thanks to the devoted supporters, Java has a large variety of libraries and frameworks. The community also provides a lot of helpful documentation, education tips, FAQs, and other reference materials to help with coding and learning Java.    

Disadvantages of Java

In addition to its numerous advantages, Java also has significant flaws. Below are a few examples.

  • Java is “wordy”. Long lines of code are characteristic of this language.
  • Java has a complex syntax. It involves the frequent use of curly braces and semicolons and is generally hard to write and read.
  • Java is challenging to master. Despite the abundant documentation and learning materials, Java is a more difficult language compared to Python. This is the result of the two drawbacks mentioned above.
  • Java apps may require more memory. This language does not have an effective means of garbage collection, so Java apps often can be “RAM-hungry.” 

What is Python?

Similar to Java, Python is another highly popular object-oriented programming language. Since its initial release in 1991, Python focused on the simplicity and readability of code. Over the years, this language has proven its incredible versatility in various areas. Currently, Python and its frameworks are commonly used for machine learning, image processing, multimedia applications, and much more. 

Key features of Python

Numerous advantages resulted in the growing recognition and affection of the software development community towards Python.

  • Python has a simple syntax. It is intuitive due to its similarity to the English language. Python is also very concise, meaning that the lines of code are shorter, and it takes fewer lines to reach an intended result.
  • Python promotes fast development. Thanks to the dynamic typing and the overall simplicity of the language, Python software takes less time to write and contains fewer code lines compared to other programming languages.
  • Python is easy to learn. This language has a much more comfortable learning curve than Java. It is friendly to beginners thanks to simple syntax, intuitive commands, and a large variety of educational materials.
  • Python has very powerful frameworks and libraries. For example, Django and Flask are remarkable web development frameworks, while Tensorflow, Scikit Learn, and Pytorch are excellent for machine learning. Python also has many libraries for scientific computation, data analysis, and other data science applications.

Disadvantages of Python

  • Python does not support multithreading. This feature impacts the performance of Python software, making it unable to utilize the full power of modern CPUs.
  • Python cannot be used for native mobile app development. This is a serious disadvantage, especially in the context of the “Java vs. Python” comparison. Mobile developers can still use Python with the help of specific libraries, such as PyQt, Kivy, and others. However, unlike Java, Python cannot be used for building native mobile applications. 
  • Python offers poor database connectivity. Python’s capabilities regarding database access often lack efficiency and require additional modules, such as MySQL Connector Python or PyMySQL. Overall, it can hardly compete with the Database Connectivity API that is included in the Java Standard Edition platform.

What Are the Differences Between Java and Python?

Both Python and Java have much in common as the most popular programming languages. However, their most characteristic features lie in their differences. Let’s take a look at the most prominent distinctions by matching Java vs. Python.

Chart of the most popular programming languages in 2023

Syntax and Coding Style

As it was mentioned before in this article, Python focuses on readability and simplicity. That’s why its syntax is easy to read and similar to human language. On the other hand, Java has stringent rules that require extensive use of punctuation. Unlike Python, which uses indentation to indicate blocks of code, Java uses a lot of semicolons and curly braces. That’s why syntax is definitely the most noticeable difference between Java and Python.

Coding Speed

Python is more concise and requires fewer lines of code to reach a result. It is dynamically typed, which additionally speeds up the coding process. Java is a statically typed language with a complex syntax, which slows down the speed of code writing. However, the presence of many libraries with ready solutions to many programming tasks makes coding in Java somewhat easier.

App Performance and Stability

Java is a compiled and interpreted language, which means that the code needs to undergo the process of compilation before it can be executed as a program. If there are errors in the code, the compilation will return errors and will not be completed successfully. Since Java programs are compiled and checked for errors before running, they generally perform better in terms of speed and stability than software written in Python.

Python is an interpreted programming language. Unlike Java, its programs are not compiled in advance. This means that any errors in the Python code will show up at runtime, potentially resulting in a program crash.   

Learning Curve

Python is famous for being intuitive and simple, which makes it an ideal first programming language to learn. Java is relatively more complex than Python but easier than, for example,  C++ and other older languages. Overall, Java is not extremely hard but requires certain experience and understanding of programming principles as a whole. 

Even nowadays, many beginners choose Java as their first coding language, though it demands a bit more effort and dedication than Python to master. The abundance of learning courses, educational materials, community forums, and other sources of helpful information makes learning any of these languages exciting and easy.

Java and Python Code Examples

To illustrate differences in syntax, here are two illustrative examples of the code written in Python and Java. This is how both languages handle a basic task: printing a message to a user, also known as a “Hello World” program.

Java:

public class Thank {
  public static void main(String[] args) {
    System.out.println("Thanks for reading our blog.");
  }
}

Python:

print("Thanks for reading our blog.")

Note that Java needs much more code, including the heavy use of punctuation, than Python to perform the same action: output the message “Thanks for reading our blog.”

Java vs. Python: Which is Better for the Future?

As mentioned earlier in this article, both Python and Java have been among the most popular programming languages for a long time. According to the TIOBE index, Python is currently the top language, while Java is in fourth place. To put this in perspective, the situation was completely opposite five years ago: Java was at the top, and Python was fourth in this rating.

TIOBE programming community index chart for Python and Java

The graphs of the TIOBE index show two trends. First, the overwhelming popularity of Java slowly but steadily declines and has been recently surpassed by other languages. On the other hand, Python’s ratings have been far from impressive for many years. Despite its simplicity and other advantages loved by the programming community, Python’s popularity began to grow significantly only in 2018.

Another helpful indicator from TIOBE is the “Programming Language of the Year” award. During the last decade, Python achieved this title three times: in 2018, 2020, and 2021, while Java got it only once in the past ten years, in 2015.

The annual survey from Stack Overflow shows a similar picture: Python is more popular among both beginners and professional software developers than Java. So, judging by these trends, it is safe to state that Python looks slightly more promising in the future. However, the decline of Java’s popularity is rather small, so this language will definitely remain one of the most demanded development tools in the foreseeable future.

Infographic of programming languages, scripts, and markup based on the Stack Overflow developer survey in 2023

So, What to Choose: Java or Python?

The choice between Python and Java depends on several important factors. The first one is your current experience. If you want to start a career as a software developer, learning Python will be a slightly more optimal choice for you. If you already know a programming language and decide to learn another to increase your potential and improve your professional skills, you can safely pick Java. 

Overall, Python is perfect for those who want a quick start in coding, while Java is ideal for enthusiasts who can devote some more time and effort to master a powerful programming tool. This devotion will be rewarded with a higher salary, which is a significant point for consideration.

Another vital factor to consider is the area of implementation for each language. Both Python and Java are general-purpose and object-oriented. However, in practical applications, each of them is effective for some purposes and can be useless for others. Let’s take a look at several use cases for these programming languages.

When to Use Java and Python?

Java is sturdy, fast, and secure. It is widely used in such areas:

  • Mobile app development.
  • Web app development.
  • Big Data.
  • Internet of Things.
  • Enterprise software development.

Java is a to-go choice when you need to build a cross-platform product with excellent stability and scalability.

Python is concise and flexible. It really shines in the following applications:

  • Machine learning.
  • Scientific computing.
  • Image processing.
  • Task automation.
  • Multimedia.

Python is invaluable in situations that require rapid deployment and intensive code testing.

Overall, both languages are widely used nowadays for different purposes. Currently, Java developers are in a slightly higher demand among recruits than Python developers.

Infographic of the most demanded programming laguages by recruiters in the world in 2023

Wrapping Up

Even though Python and Java compete to be the best programming language, the truth is they both can be the best in terms of specific projects. Yes, Java is widely known as an excellent language for creating native mobile apps for Android. However, Python can also be widely used for building the backend side of complex mobile apps.

If you want to start a new web or mobile project and cannot decide between Java and Python, the best thing to do is to consult with a professional software developer or a software engineer. They will listen to your goals, requirements, and needs and suggest the programming language and its frameworks that fit your case perfectly.

As a company with more than 15 years of active experience in providing software development solutions and services to companies across the world, we have many talented experts with solid expertise in both Python and Java. Of course, our talent pool covers dozens of other programming technologies for creating web, mobile, and desktop software. This means we can easily solve all your problems related to the creation of digital products for business.

Over the years, we have delivered over 600 software solutions for businesses of all sizes, from startups to globally renowned enterprises like Intel, Mitsubishi, Harley-Davidson, Young Living, and many more. Our case study section has the most prominent projects that depict our expertise in Python, Java, and other programming technologies.

The domain expertise of Intellectsoft lies primarily in Fintech, Healthcare, and construction. However, we have also successfully delivered digital solutions for businesses in eCommerce, logistics, hospitality, transportation, insurance, and other industries.

So, if you’re looking for a team that will help you choose between Python and Java as well as build you a solid product or renovate your existing one, don’t hesitate to get in touch with us and tell us what you need. Our solution advisor will reach out to you shortly with the most efficient Python- or Java-based solution for your business.

The post Java vs. Python: Main Differences and What to Choose appeared first on Intellectsoft Blog.

]]>
Flask vs. Django: Which Framework to Choose? https://www.intellectsoft.net/blog/flask-vs-django/ Thu, 05 Oct 2023 12:38:03 +0000 https://www.intellectsoft.net/blog/?p=27103 What is a web developer’s best friend? That would undoubtedly be a programming language library. Each library has an abundance of tools and resources at...

The post Flask vs. Django: Which Framework to Choose? appeared first on Intellectsoft Blog.

]]>
What is a web developer’s best friend? That would undoubtedly be a programming language library. Each library has an abundance of tools and resources at your fingertips, along with clean, user-friendly formatting. But there’s one more crucial ingredient in this recipe for success: Python.

The Python language provides the most extensive set of programming libraries to make web development faster and more efficient. Its frameworks are the cherry on top. Among the top 5 most used programming languages in 2023, there’s no denying the power Python offers to web developers and programmers alike.

Infographics of the most used programming languages among developers worldwide in 2023

When it comes to frameworks, the “Flask vs Django” argument seems to be highly debated, with these two being the most famous Python frameworks out there.

Flask and Django are both powerful frameworks for building web applications in Python. But the two have their share of differences and cater to particular needs. So, the question is, which one should you choose and why?

Dive into this debate with us and see which could be the best framework for your project.

What is Flask?

Flask logo

Python’s flexibility has made it a popular choice among web developers who use it for a wide range of projects. No longer confined to data science and analytics, this programming language is now being utilized by professionals across various domains. 

Flask, ranked 11th in the 2023 Stack Overflow Survey for most wanted frameworks and technologies, is far from being just another simple Python framework. 

Let’s delve into its history with a quick rundown.

Just 11 Years Old

Flask, Python’s micro-framework for web application development, has an interesting etymology. The term “Flask” is derived from Monty Python, the famous comedy group. 

To align with this naming convention, the creators of Flask initially coined a different name for it: Bottle.

Developed by Armin Ronacher under Pocco, an international team of Python enthusiasts, Flask framework was first released in April 2010. It consists of two key components: the Werkzeug WSGI toolkit and the Jinja2 template engine (also developed by Pocco). Here’s an idea of what these two are: 

  • The Web Server Gateway Interface (WSGI): A crucial aspect of Flask, serving as the universal interface for Python web application development. 
  • Jinja2: A powerful template rendering engine used by Flask to generate HTML-based templates. It allows developers to render web pages with custom content provided by the webserver.

Meanwhile, Flask offers several advantages that make it a popular choice among developers:

  • Ease of setup and use: Its out-of-the-box functionality enables developers to dive straight into building their applications.
  • Freedom in application structure: Unlike traditional web frameworks, Flask is classified as a micro-framework. This means that developers have the freedom to design and structure their web applications as they see fit, without being bound by strict conventions.

Flask’s Key Features

Flask, one of the leading Python frameworks, boasts a range of key features that make it a great contender in the Django vs. Flask discussion. Let’s explore some of its standout capabilities:

Development Server and Debugger

This simplifies the way Flask users test and debug applications during the development phase. By allowing developers to quickly identify and resolve issues, this feature enhances the efficiency of their workflow.

Unit Testing with Integrated Support

Flask offers integrated support for unit testing, an essential practice in software development that ensures individual components or units are functioning correctly. 

With Flask‘s unit testing capabilities, developers can easily write test cases and verify the functionality and reliability of their code. This promotes better quality assurance and helps identify potential bugs or errors early in the development process.

Jinja2 Templates

Flask leverages the powerful Jinja2 template engine, which provides a flexible and efficient way to generate dynamic HTML content. Jinja2 allows developers to separate the logic from the presentation by incorporating templates with placeholders for dynamic data. This enables easier maintenance, improves code readability, and enhances overall application performance.

Compliance with WSGI 1.0

The Web Server Gateway Interface (WSGI) 1.0 standard ensures compatibility between the framework and web servers. WSGI acts as a bridge between the Flask application and the server, facilitating seamless communication and enabling Flask to work efficiently across different platforms.

It is also worth noting that Flask is based on Unicode. Each character in a Flask application is represented by a unique set of numbers – this is done regardless of the app, device, or language being used. With it, developers ensure consistent handling of text data and promote compatibility across various environments.

Now, how exactly does it differ from Django?

What is Django?

Django logo

Django, another powerful Python framework for web development, has gained significant popularity among developers. 

Originally developed by Adrian Holovaty and Simon Willison in 2003, Django offers a comprehensive set of tools and features. These capabilities were initially intended for one purpose: to speed up the process of building web applications.

With a focus on simplicity and efficiency, the Django framework follows the “Don’t Repeat Yourself” principle. Doing so allows developers to write clean and concise code. It emphasizes reusability and modularity through its collection of reusable components known as “apps.”

The history of Django dates back to the Lawrence Journal-World newspaper in Kansas, where Holovaty worked as a journalist. The framework was initially developed to meet the specific needs of newsroom developers; it quickly evolved into a versatile tool for web application development.

Over time, Django gained recognition for its scalability and security features. It has been adopted by prominent organizations such as Instagram and Pinterest. 

Django‘s rich ecosystem offers various libraries and packages that further enhance its capabilities.

Django’s Unique Features

These two frameworks have their strengths and cater to different project requirements. While both Django and Flask offer simplicity, Django provides a more comprehensive solution with the following built-in features:

Extensive Documentation

Django, renowned for its extensive documentation, offers one of the most comprehensive sets of resources among open-source frameworks. The well-organized and precise documentation caters to web developers at all levels of experience in Python. 

It provides ready-to-use solutions and a helpful guide to navigate through different sections based on individual preferences.

Optimized for SEO

In terms of search engine optimization (SEO), Django‘s approach simplifies the process by maintaining websites through URLs rather than IP addresses on servers. This enables SEO engineers to seamlessly add websites while eliminating the need for manual conversion of URLs into numeric codes.

Scalability and Speed Advantages

One of Django‘s notable strengths is rapid development. With Django, developers can create fully functional websites without requiring extensive backend knowledge. Unlike traditional approaches that involve separate server files for database design, data transfer, and more, Django streamlines these tasks within the framework. 

This not only saves time but also reduces project costs, allowing developers to focus on implementing unique website features.

Easily Secure 

Security is a critical aspect of any web framework – this is where Django excels. It provides user authentication systems and protection against common vulnerabilities such as: 

  • Clickjacking
  • Cross-site scripting or XSS
  • Cross-site request forgery
  • SQL injection attacks

Django‘s built-in security features eliminate the need for manual configuration, ensuring that user accounts and data are well-protected without additional effort. To add to these, one of the major advantages of Django‘s open-source nature and popularity is the strong support from its thriving community. 

Belonging to the top 15 famous frameworks, both Django and Flask have fostered a vast and active community that offers assistance and resources to developers. Particularly, the official Django website serves as a valuable starting point for newcomers. This site provides access to RSS feeds, mailing lists, and channels where users can seek guidance and solutions. 

This vibrant community ensures that developers have access to a wealth of knowledge and expertise when working with Django.

Django vs. Flask: Main Differences

In discussing more about Flask vs. Django, many new developers find themselves in a dilemma. The debate around which framework is easier or simpler to use can be confusing; both have their unique strengths and cater to different needs. 

We’re here to help you make an informed decision. Here’s a curated set of important information about Flask and Django for a head-to-head comparison: 

Criteria Django Flask
Framework type Full-featured web framework Micro-framework for web development
Time of Development Longer initial setup and configuration time compared to Flask Quick initial setup and minimal configuration time compared to Django
Ease of Use Comes with a steeper learning curve due to its comprehensive nature Known for its simplicity and beginner-friendly nature, making it easier to grasp and get started with Flask projects
Scalability Designed for handling large-scale applications and high-traffic loads Suitable for small to medium-sized applications but may require additional configuration for large-scale projects
Speed Django can be slower than Flask due to its extensive features Flask is lightweight and efficient, making it faster than Django in terms of processing requests
Project Layout Follows the Model View Controller architectural pattern, providing a standardized project structure Provides flexibility in the project structure, allowing developers to organize their code as per their preferences
Debugging No virtual debugger Offers virtual debugging capabilities but may require additional tools for more advanced debugging needs
HTML Django has built-in support for rendering dynamic HTML Flask doesn’t support dynamic HTML
Testing Support Django provides a testing framework for automated testing of applications Flask provides testing support through various libraries and extensions like unittest and pytest
Sample Apps That Use This framework Instagram, Pinterest, The Washington Post, and Disqus Pinterest (early version), Twilio, Reddit (parts of the backend)
Use Cases Django can handle content-heavy websites or applications that require complex database operations and user authentication Compared to Django, Flask is for small to medium-sized applications, RESTful APIs, prototyping, and projects where simplicity and flexibility are prioritized.

Python Flask vs Django: Which One is the Best?

When it comes to the discussion of Flask vs. Django, pros and cons are always present, making the choice easier depending on individual needs. Here’s a concise overview of the advantages and drawbacks of each framework.

Flask’s Advantages

  • Flexibility and full control access
  • Scalability for project growth
  • Easy integration with databases
  • Adjustable to new technologies
  • Fast and straightforward prototyping 
  • Extensible nature for experimentation

Flask’s Drawbacks

  • Limited suitability for multi-page applications 
  • Lack of built-in security features 
  • Challenging model management without a built-in admin site 
  • Complexity in maintenance for intricate implementations or updates 

Django’s Advantages

  • Quick and easy setup process 
  • User-friendly interface 
  • Built-in internationalization system 
  • Integrated unit testing 
  • Dynamic HTML support through a template engine 
  • Django is Highly scalable and reliable 

Django’s Drawbacks

  • Unsuited for small projects due to its comprehensive nature and learning curve 
  • Lack of conventions can make standardized development challenging 
  • Larger codebase size due to an independent unified unit 
  • Difficulty in handling simultaneous multiple requests with synchronous architecture

Whether it’s for Flask or Django, keep in mind that these lists provide a concise summary of the advantages and drawbacks based on the provided information sources.

Summing Up

In the ongoing debate of Flask vs. Django, choosing the right Python framework depends on your specific needs – and we can help you with both. As a leading web development company, Intellectsoft has served diverse industries for over a decade. 

Our experience is shown through our set of case studies, creating robust solutions for banks, hospitals, insurance firms, and even construction services. 

You can leverage our expertise in web development services and propel your business forward with seamless web applications. To know more about Django or any other Python framework, reach out to us today.

The post Flask vs. Django: Which Framework to Choose? appeared first on Intellectsoft Blog.

]]>
IoT in the Automotive Industry: Benefits, Challenges and the Future of the Sector https://www.intellectsoft.net/blog/iot-in-automotive-industry/ Thu, 28 Sep 2023 11:11:13 +0000 https://www.intellectsoft.net/blog/?p=27066 In 2022, the size of the worldwide automotive IoT market reached a valuation of USD 102 billion, and it is anticipated to exceed approximately USD...

The post IoT in the Automotive Industry: Benefits, Challenges and the Future of the Sector appeared first on Intellectsoft Blog.

]]>
In 2022, the size of the worldwide automotive IoT market reached a valuation of USD 102 billion, and it is anticipated to exceed approximately USD 811.72 billion by the year 2032. Evidently, the automotive & logistics industry is experiencing a transformative shift with the rapid integration of IoT (Internet of Things) devices into vehicles. These smart, connected devices are revolutionizing transportation by enhancing safety, convenience, and efficiency. From autonomous driving to real-time diagnostics, IoT in automotive vehicles is shaping the future of mobility.

Automotive loT market size, in USD billions (2022-2032)

Intellectsoft has been developing solutions for numerous industries and case studies. We‘ve seen innovators and disruptors use IoT to beat out inefficiency and competitors in the process.

Here’s our account of automotive IoT as developers, consultants, and creators of scalable enterprise software for Fortune 500 clients. Decide whether a custom IoT solution can elevate your place in the industry through multi-directional benefits and a fresh edge in automotive.

We cover: the definition of connected cars, why IoT in cars is changing the industry, and the challenges to anticipate as you move toward IoT innovation.

What is a Connected Car? Defining Automotive IoT

Automotive IoT (Internet of Things) refers to the integration of internet-connected sensors and devices in vehicles, enabling data collection, analysis, and communication to enhance vehicle functionality, safety, and performance. Accordingly, a connected car is a vehicle equipped with IoT devices that enable high-end functionality like internet connectivity, AI-aided navigation, entertainment, safety features, and remote monitoring.

Software development is the backbone of IoT automotive devices, underpinning their functionality, security, and adaptability. Below, you will find the analysis of benefits vs. challenges in the emerging sector of the IoT-driven automotive industry, as well as predictions for the future development.

Benefits of IoT in the Automotive Industry

IoT vehicles stand to completely remodel the automotive industry, not unlike the explosive acceleration of language models do for businesses in every sector.

Adding better communication between machines, infrastructure, and more means companies save money and customers soothe the pain points of buying, operating, and maintaining vehicles of the past.

Infographic of IoT benefits in the automotive industry

Improved Vehicle Performance

With improved customer data collection and machine learning-enhanced analysis, both corporate and consumer interests intersect through more solid inventory control, better supply chain management, and reduced energy expenses.

IoT-connected cars use real-time data to elevate in-car experiences through driver assistance and nearby-vehicle communication. IoT cars can then bring route planning optimizations as well as preventative maintenance measures. All this reduces the chance that drivers will suffer driving inefficiency or unexpected vehicle performance hazards.

For manufacturers and retailers, better vehicle performance translates to cost-saving production and optimized inventory control. The consequence becomes higher profit margins and more competitive pricing on all sides.

Enhanced Driver Convenience

Through praised features like remote unlocking, vehicle “summoning,” and GPS navigation‒customers already enjoy a most reliable way to enjoy IoT in cars. But, IoT vehicles also use sensors to give customers more timely repairs‒before breakdowns or service interruptions take hold.

When downtime is reduced, and maintenance needs are better predicted, both servicers and the customers they support are empowered through fleet management of the future. From tracking to scheduling and repair, commercial and individual customers can now optimize effort and investments for less strain and more support.

As fleets take on the functionality and features of automotive IoT, costs are cut, efficiency is enhanced, and productivity (in-person and remote) is pushed to its extreme. With more on-time orders, improved responsiveness, and safer vehicle operation, you can easily see the path of least resistance for customer satisfaction and corporate success can be found in smart cars and their IoT software.

Increased Safety Features

Advanced IoT features artificial intelligence at the forefront, but it also facilitates safer car-to-car communication and driver assistance. As AI-centered systems improve the driving experience, they also enhance its adaptive, responsive, and lane-keeping safety.

With vehicle-to-vehicle communication on the other hand, IoT prevents the accidents that have become so assumed about the natural course of getting on the road. Together, communicative systems like IoT cars offer more attuned awareness about speed, direction, dangers, and more.

In practice, this means connected cars have massively accelerated the safety ratings that modern drivers will accept. Through automated warnings and collision avoidance, IoT has transformed the meaning of the age-old “blind-spot,” making it a matter of machine monitoring, not natural risk.

Better Efficiency Ratings

IoT automotive advancements serve customers as well as manufacturers and servicers, providing a bump to customer satisfaction and loyalty. As consumers increasingly seek immediate gratification from digital experiences, IoT-connected cars attract through greater conveniences compared to traditional driving experiences.

The virtue of ease helps consumers choose between retailers for their next vehicle too. Satisfaction is hard-hit by elements of the typical buying-and-selling exchange. IoT adds the balm of big data to smooth out long-standing tensions blocking excellence in customer satisfaction.

While delivering savings and greater efficiency to automotive manufacturers, customers also enjoy peace of mind from enhanced safety. The resulting financial gain comes from automotive IoT force and flexibility for data collection, analysis, and deployment.

More Customer Loyalty

Today, customers remain more willing to engage business with a tech-centric approach; they see it leads to a better, more informed, and less frustrating experience. In this way, IoT supports all involved.

Since it’s more grounded in customer information‒the people and profiles that form the market‒companies who leverage IoT start to make more sense for the younger, more exacting consumer. Instead of challenging them with less convenience and lower safety ratings, automotive players can synergize buying, manufacturing, and marketing.

By more intentionally following the customer journey through IoT-collected information, customers are ultimately convinced to become repeat buyers. Perhaps this is why IoT connections mean a $310 boost in revenue and $180 in savings per vehicle.

The Challenges Connected Cars Face

To truly harness IoT in the automotive sector, decision-makers must mitigate the inherent risks of data management and ensure a socially responsible, security-oriented hand in outcomes. At its heart, the risk of embedded, communicating, and intelligent technology is safe and efficient implementation.

If its applications are mindful, the automotive industry as a whole shouldn’t face significant challenges in handing data, ensuring reliability, creating security, or protecting privacy. Nevertheless, everyone in the sector should know IoT’s potential to “cut both ways.”

Data Management

Simply put, it may challenge fledgling operations to handle the vast volumes of data produced by IoT-connected cars. The demand is simple but strong: automotive industries (especially start-up services) must know how to make swift work of a constantly renewed resource.

From data sourcing to transmission, processing, and analysis, all operations will want real computational power to maintain themselves against being force fed otherwise precious information. Without such support, IoT stands to overwhelm under-developed systems with data management pressures.

Connection Reliability

While the concept of IoT connections is straightforward, the complexity of its application in vehicles is not. Given the rapid development of IoT technology, a sustainable and secured connection becomes concerning for consumers as much as corporate interests.

Features like sensor tracking and car-to-car communication enhance experiences but also challenge the constrained network. If there are limitations on performance, then IoT applications‒no matter how advanced in theory‒won’t keep step with their promised benefits.

Software Integration

Initially, IoT vehicles hit the road without a hint of concern. This presents the real need for automotive industry players to institute IoT security. This presents a real need for automotive players to institute IoT security alongside simple connectivity. IoT can be attacked, especially when authentication and authorization protocols are weak.

The primary option for scaling an IoT solution securely is data encryption, device management, and security protocols like SSL certification. These protocols are familiar to the web, but IoT presents the challenge of hardware and software diversity‒meaning all IoT technologies must adapt to ever-emerging flaws and oversight.

Consumer Privacy

Some express concerns over the sheer intensity of data shared by IoT-connected cars. Consider that a connected car may produce many millions of discrete data points on a daily basis. Pair this with the idea of regulating and maintaining ethics within a vast sea of sensitive information (including user profiles, location, destination, acceleration, etc.).

For those prepared to weather its risks for the social good possible from the IoT space, those who manage, regulate, and authorize vehicle software should be prepared with their core criteria for cybersecurity standards.

Future of the Automotive Industry Using IoT

A nearly exponential influx of IoT vehicles and functionality is no surprise: it’s a precursor. Communicative IoT sports the previously unthinkable: stable solutions to traffic hazards, driver discomfort, and even mismanaged production .

Already, connected cars enmesh advanced technology with business benefits and the social good. They have already uplifted standards for safety, added more convenience, enhanced fleet maintenance, streamlined inventory management, and applied optimization to supply chains.

Car manufacturing will be forever changed through IoT with blasts of process renovation, data intelligence, and restored efficiency‒all on one side. On the other, the connected car presents a surer road to optimal conditions for everyone, including more safety, sustainability, and satisfaction.

The future of connected cars only begins with safety and security. It will build with customer comfort and confidence, coming full circle for a transformed society of more safety and stability. IoT is already global in its effects, concerning everyone in its beacon.

Drivers, dealers, and decision-makers in all corners of the auto industry will feel undeniable vibrations in pricing, processes, and application potential as AI, telematics, and electric autonomous vehicles develop. For the industry itself, expect advancements in applications of AI, the cloud computing effort, and real-time data optimizations.

Summing Up

All-round, automotive IoT and connected cars spread multi-directional support to manufacturers, through retailers, and servicers, toward customers.

Boosting performance and satisfaction while cutting expenses and inefficiency, there’s no alternative to IoT’s arc toward digital transformation. Evolved 5G connections and the transition to electric vehicles is fast approaching.

With Intellectsoft, you can accelerate these benefits. Get enterprise IoT development by dedicated software teams to empower your business, of any size. Demand a bespoke solution, designed to compete and please.

Learn more about IoT and our approach through our work with Jaguar Land Rover, Harley-Davidson and leading manufacturers.

The post IoT in the Automotive Industry: Benefits, Challenges and the Future of the Sector appeared first on Intellectsoft Blog.

]]>
Smart Construction: Building the New Future Through Digital Transformation https://www.intellectsoft.net/blog/smart-construction/ Fri, 15 Sep 2023 12:28:33 +0000 https://www.intellectsoft.net/blog/?p=27004 As one of the oldest and most vital industries, construction is in dire need of cutting-edge technologies to provide affordable and safe housing. The global...

The post Smart Construction: Building the New Future Through Digital Transformation appeared first on Intellectsoft Blog.

]]>
As one of the oldest and most vital industries, construction is in dire need of cutting-edge technologies to provide affordable and safe housing. The global population is growing at an alarming pace, and so are house prices and homelessness rates. That’s why enhancing various building processes with the latest technological advances is crucial for the future of humanity. And the best way to ensure this is by performing digital transformation in the construction industry.

Smart Construction: Definition and Key Concepts

“Smart construction” is a general term that broadly encompasses all cases where digital technologies are implemented in the construction industry. As you can imagine, the range of such cases is enormous. It covers the use of hardware, such as robotics, sensors, and controllers, and, of course, various software solutions, for example, those powered by Big Data or AI/ML technologies.

The construction industry involves an almost infinite number of different processes, methods, and operations of various complexity. For this reason, the applicable scope of digital technologies is equally enormous. However, all those technological advances serve the same purpose: to streamline construction by imparting various beneficial effects.   

Benefits of Smart Construction

Digital transformation is a costly and complex procedure, but it offers a variety of benefits for all industries and businesses. Let’s take a look at some of the most popular advantages of implementing smart technologies in the construction industry.

Higher Work Safety

The safety of construction workers remains one of the biggest concerns in the industry. The combination of hardware and software technologies can greatly improve work safety at construction sites. 

For example, smart devices can ensure constant site monitoring. This measure serves several purposes. First, it enables early detection of safety hazards. Then, it allows real-time gathering of emergency-related information for further analysis. This way, smart solutions can learn from mistakes and prevent potential hazards more effectively, thanks to data analysis and machine learning.

Another effective measure to improve safety on construction sites is the integration of automated solutions and the use of remotely operated devices. Operators can control robots from safe locations to perform tasks in dangerous environments.  

Better House Security and Comfort

One of the purposes of smart construction is to build smart houses. This means modern digital technologies are integrated not only in construction processes but also in the fruits of workers’ labor. First and foremost, new buildings should cover the basic needs of residents more effectively than “traditional” houses. 

Since safety is one of such basic needs, smart construction should ensure it by thorough planning and implementation of hardware and software solutions. For example, building design should make provision for surveillance systems with movement tracking and face recognition. The integration of smart sensors that detect smoke, fire, flooding, or short circuits will additionally increase the safety of residents.

Improved Management

Smart construction is impossible without cutting-edge management solutions. There are many commercial and custom-made software products designed specifically for the needs of the construction industry. As a rule, they are complex modular systems that have separate components focused on particular aspects of construction, such as design, logistics, inventory, workforce management, and others.

To ensure seamless operation and total control over processes, construction management software integrates hardware and software components into one infrastructure. This allows supervisors to plan, estimate, and monitor work processes much more effectively than was possible before.

Enhanced Energy Efficiency

Thanks to precise digital technologies, the construction industry can create buildings from prefabs and cost-saving “green” materials. The same technologies also allow businesses to reduce the energy consumption of building equipment. For this purpose, the construction industry gradually switches to using more energy-effective hardware with a better performance-to-watt ratio.

Management software solutions, enhanced with AI and ML technologies, help to reduce equipment downtime and shutdown periods. This is especially beneficial in the case of operating heavy machinery with high levels of carbon emissions.

Better Productivity

The use of computer technologies benefits construction from the earliest stages, such as building design and project planning. Automated calculations speed up the design and management processes and allow changing the project on the fly. So, if the requirements suddenly change, construction managers do not have to plan everything from scratch.

Enhanced productivity of construction is the result of several other benefits mentioned in this list. Better management, smart equipment, and safer work conditions contribute to the overall improvement of productivity and faster project completion. All these benefits ultimately reduce operating costs and make the construction business more profitable.

Higher Quality of Work

Digital technologies also improve the results of builders’ work. Houses built using smart construction methods are more robust thanks to virtual modeling, simulation, and testing. VR and AR technologies help architects and designers visualize future buildings, experiment with different layouts, and much more.

One of the most important opportunities provided by smart construction is the ability to perform complex simulations. For example, architects can test the potential outcomes of various emergency situations and natural disasters based on the planned building layout and materials. Then, they can change those parameters and perform another set of tests to see if other variants provide better results.

Keep in mind that this list of potential benefits is far from complete. New technologies appear almost every day, so construction becomes “smarter” as time passes. It is highly possible that future technological breakthroughs will bring whole new levels of advantages to current construction processes and methods. 

Overall, the potential benefits make smart building an incredibly promising industry for new businesses and investors. That’s why the size of the smart construction market is growing steadily. Experts predict that it will reach $121.6 billion in 2026.

Infographic of the smart buildings market overview

Best Practices and Strategies for Successful Adoption

The construction industry is very diverse, resulting from different traditional approaches, material preferences, and environmental conditions. These factors usually vary from country to country and even in different regions of the same country. So, defining the best smart construction strategy that can universally apply to every location is a tricky task. 

However, there are several crucial steps that are absolutely required in order to adopt smart construction:

  1. The use of AI/ML and Big Data for smart design, simulation, and testing.
  2. The use of enterprise resource planning and construction management software to speed up work processes.
  3. The use of on-site monitoring and automated checkups to ensure work safety and quality. 

These three essential aspects must be ensured to implement the benefits of smart construction. Combined with each other, they can provide an infrastructure that uses software and hardware solutions to facilitate most operations in this industry. However, if you have additional resources, you may implement additional steps to integrate even more digital technologies. This way, your business will be able to build smart houses and, possibly, even cities!

Future Trends and Outlook for Smart Construction

Digital technologies will soon become an integral part of the construction industry. Considering the current progress, it is possible to predict the most promising trends that will become dominant in the near future.

Improving Energy Efficiency of Building Processes

Digitalization in construction will ensure better logistics thanks to smart trackers. Powerful management software will reduce downtime periods and ensure the smooth flow of work processes.

Reducing Waste and Carbon Emissions

All “smart” industries aim to become “green” as soon as possible. In the context of construction, waste reduction is highly important both during operations and as a feature of newly built houses. For example, architects can design an automated heating management system that controls thermostats based on ambient temperature inside and outside the house. 

Creating a Self-Sustained Energy Infrastructure

Digital technologies require a reliable source of sustainable energy. That’s why smart construction invents various methods to satisfy this requirement. As one example, it is possible to link a house and an electric car to share one energy pool. Solar-powered houses with smart power management are another example of such energy infrastructure that is gaining more popularity. The use of various technologies to generate, accumulate, and distribute green energy, such as solar and wind energy, will become integral to smart construction.

Much Higher Use of Robotics and Automated Processes

Smart construction methods may reduce the amount of workforce required to complete a project. However, the adoption of smart technologies also raises skill requirements for workers. One of the most possible future trends is the growing adoption of robotics in construction. It includes the use of drones for surveillance, autonomous vehicles for long-distance delivery of building materials, and remotely operated robots for work in dangerous environments, such as heights.

The Growing Importance of Big Data, Machine Learning, and Artificial Intelligence

The role of data analysis is of vital importance for all aspects of construction. It helps mitigate or eliminate the drawbacks of existing methods and invent improvements. As a result, AI and ML technologies will allow more effective automatization of many construction processes.

Better Integration of All Electronic Devices Within a House Into One Complex Infrastructure

Smart houses should be the logical product of smart construction. Users will be able to monitor and control everything in their houses from smartphones, tablets, or laptops. For example, Smart sensors and meters can track electricity, gas, and water consumption, so the “smart home” may estimate monthly expenses and suggest ways to reduce them.

Conclusion

For the last few years, main construction industry trends have focused on adopting the latest programming technologies in all the designing, building, calculating, and other processes. Machine Learning, Artificial Intelligence, and Big Data open so much potential that has yet to be explored in full. Cost efficiency, optimization, improved management, hazard risk elimination, and advanced analytics are only a few benefits from the long list.

To enjoy all the perks of smart construction technology, you need to find professional and reliable specialists who can create bespoke software tailored to your company’s specific needs. Intellectoft is a company with 15+ years of experience in digitalization in the construction industry. For many years, construction has been our domain area of expertise, along with fintech and healthcare industries. Our smart construction solutions include but are not limited to creating from scratch and upgrading:

  • ERP (Enterprise Resource Planning) software;
  • Inspection management solutions;
  • Project management systems;
  • Customer and partner portals;
  • Analytics and reporting software;
  • Project onboarding and staff training solutions;
  • Construction integrations, and many others.

If you already know what specific digital solution your construction company needs or just have a blurred idea of what digital solution you want, don’t hesitate to contact us and describe your problem along with your requirements. Based on our industry expertise, we will offer you the most efficient and cost-effective solution that will help you create architecture masterpieces or achieve your unique business goals.

The post Smart Construction: Building the New Future Through Digital Transformation appeared first on Intellectsoft Blog.

]]>