Characteristics Of A Good Trading Platform

I have certainly traded on various trading platforms throughout my career. Some platforms were a joy and sheer pleasure to work on; others made me want to set my head on fire. The variety of trading platforms available to traders ranges from terrible platforms to excellent ones.

To meet, I simply list high-quality platforms and terrible ones. Unfortunately, if I take that approach, a pile of lawsuits will build up and if I stop and give up, my mailbox will overflow. So I've picked out a few features of a great online trading platform and listed why I find them particularly effective.1

Of course, the effectiveness of a platform is directly related to the quality of the data feed. For this article, we'll assume that all platforms have an appropriate data feed, and simply remove that variable from the discussion.

Here you can find most of the common trading platforms reviewed.

A good platform has a high-quality charting toolbar

Being able to draw trend lines, Fibonacci retracements, pivot points, and many other tools other than me traders may find necessary is essential when using trading and active charts. You don't need a physics degree to draw these symbols easily. The method for entering trend lines and other symbols should be simple. After all, the main focus in trading is the price action on the chart, which doesn't understand how to draw a line on the chart.

A good platform should be easy to read and interpret

A good platform should be easy to read and easy to set up. You do not need to read the 200-page manual to operate the software. Charts should be clear and easy to understand, and index readings should be legible and prominent. A platform that is difficult to set up or requires daily maintenance to set up wastes valuable trading time and ultimately costs traders. A good quality program also saves the previous day's settings and the correct settings should appear when you start the program the next day, so you don't have to add oscillators and indicators every day.

A good platform has a complete oscillator and indicator

There's nothing more annoying than using a platform that doesn't have a complete set of indicators or a way to add those indicators to your chart. Many low-end platforms have 5-6 basic metrics, which is the range of features. Also, with a good platform, you should be able to adjust the duration and other variables of the indicator to your personal preferences. Again, performing these functions should not be excessively time-consuming. They should be self-explanatory, and you don't have to page through the dreaded 200-page manual to see how to set up a 14-period setting on a commodity channel index.

A good platform allows for number entry and exit options

A good trading platform will allow you to quickly set the number of contracts you want to trade and provide a means to set a profit target and stop-loss limit. This should be a smooth activity and does not require excessive time. Most good trading platforms also have clauses that allow you to expand your trades at certain profit points. Also, good platforms have trailing stops that are simple to set up and easy to understand. You should also be able to set up simple bracket trades with minimal effort.

A good platform never fails or crashes

There is no worse feeling than a brisk trade and failed platform software. There is no excuse for software incompatibility with the operating system. The platform is the essence of the profession and it should be done that way. This particular requirement is one of the things that annoy my pet as I have been trading on a platform that has been built for a very shaky and long and frustrating day.

I have never and will never use that platform again. Software architects are well aware of the design flaws inherent in trading platforms and there is no reason why these flaws should not be addressed in a way that ensures traders of a crash-free trading experience. There is nothing worse than buggy software.

Trading platform software has many other unique flaws, but these five stand out as trading killers in my book. I will not tolerate these glitches and will quickly change the platform if these problems occur at any frequency. Of course, one-off defects are also to be expected. However, consistent and recurring flaws in trading platform software are inexcusable.

 

Microsoft unveils All-New Secure Mode in latest version of Edge

Microsoft in a recent announcement has stated that it has launched a ‘Super Duper Secure Mode’ in its recent version of Edge browser, which will offer users greater protection against common vulnerabilities and security breaches. The latest Super Duper Secure Mode (SDSM) will help users alleviate browser attacks by inactivating the Just-In-Time component in V8.

V8 is a new technology that has been linked with a large number of security vulnerabilities in recent years. It is a robust and open-source JavaScript engine, designed and developed by the Chromium Project for Google Chrome and Chromium web browser. This technology will allow the engines to convert vital JavaScript into machine code, resulting in huge gains in speed and usability but losses for security.

In order to defend and overcome the plethora of bugs bundled V8, Super Duper Secure Mode will disable the engine, thereby removing "roughly half" of the issues present. Moreover, it also enables users to toggle between Balanced and Strict modes, giving them greater control over the encrypted security codes and allowing them to mitigate through different web sources.

 

Gamification is shaping the online gambling industry

Gamification is one of the terms that give clear hints about its meaning even to those who haven’t heard it before. It is a broad concept that applies to many facets of modern living and not surprisingly, it also affects the online casino & slots industry. It was wholeheartedly embraced by Internet gambling operators, as a useful tool to attract new players and improve customer retention. Gamification turns things that are not necessarily a game into one while tapping into the competitive spirit of participating players.

Engaging Online Players through Gamification

The most popular video and slots games and the ones that have passed the test of time with flying colors are the ones that succeed at engaging players. In addition to being fun, engaging, and providing immediate satisfaction, video games also have the quality of growing on people. Some fear this trait and dismiss it as addiction, as it has players coming back for more over and over again. The system was successfully implemented in other activities and the online casino industry was quick to respond.

In the Internet gambling arena, the additional element of fun is added through Gamification. The concept shouldn’t be confused with the casino & slots games themselves, even though they are at the cornerstone of online casinos. Instead, it refers to the short and long-term rewards that the casino offers to players for being active and performing various tasks on the platform. At some operators, it takes the form of leader boards and loyalty programs, while others tap into its potential through a layered system of bonuses and promos.

Gamification has the advantage of giving people a clear path towards success while making the voyage just as fun as the destination. It provides online casino players with the desire to participate, be successful and improve. By providing people with clear objectives that need to be cleared in a timely fashion, it keeps them motivated to achieve concrete objectives. Depending on the creativity of the casino, it can take the shape of mini-games, such as quizzes, wheels of fortune, and other competitions.

Examples of Gamification at Casinos

Gamification takes different forms in online gambling, but there are a couple of popular concepts that can be found at most casinos and online slots sites. Leaderboard and loyalty programs are at the backbone of many VIP schemes we can find at online casinos. Players are rewarded with points for completing various actions and playing on real money. Such points help them move up the leaderboard and unlock progressively better rewards through the loyalty program.

The use of in-game currency is also regarded as an effective Gamification tool. This type of resource is only valuable on the site, so it has no use outside the platform. At the casino, it helps players keep track of their actions and monitor progress in a simple way. Experience points are also awarded by casinos and can be spent on various rewards, better bonuses, and access to exclusive offers. The use of progress bars and customizable characters is another trait of Gamification inspired by the most immersive video games. 

What you need to know about payment processing

Taking card payments can be crucial for keeping up your business with the speed of technology. Card payments are known for improving productivity of your employees and customer experience. However, it can be hard to find the right card payment system. As a result, there are good chances that you can be paying high rates on a contract to leave your business with a lot of bills. It’s important to find a good deal when it comes to card payments so that you can reduce the costs of your business. This post explains what you need to know about payment processing.

Understanding payment processing

When a customer buys a service or product using a card, it means the payment has to be processed via a series of stages. These stages can involve verifying and accepting that the payment is genuine before the money is transferred into your account. This process is called payment processing.

There are usually payment processors which are companies that are responsible for managing debit and credit card transactions. Therefore, a payment processor transfers cash from the customer’s account to your account.

It’s worth noting that there are several parties that are involved in this payment processing. This include a customer who buys a product or service from you, the merchant who sells the product or service to a customer, the payment processor that processes the transaction, the acquirer of your card who verifies the transaction and gets the money from the issuing bank, and the card network that handles payments between the issuer and acquirer.

The payment process can also involve several stages. One of these stages is called the authorization stage that can take just a few seconds. Once your customer offers their card at your card terminal or a payment gateway, the information of the transaction is sent to their card issuer via a payment processor.

The card issuer then can approve or disapprove the transaction after doing verification and authentication checks. The issuing bank also sends the approval status via the merchant bank and card association to reach you as a merchant.

Another stage is called the clearing stage that happens at the same time the authorization occurs. Therefore, for every transaction, sales information is sent  from a merchant to the acquirer. And, the acquirer then formats this data to become a clearing message that is transmitted to the card association, such as MasterCard and Visa. This message is sent to the card issuer and then they calculate the settlement obligation.

Lastly, there is the settlement stage that usually happens at the end of each day. The transaction information that occurs during the day is transmitted to the acquirer from your business. The acquirer then separates the transactions and sends them to the right card association. When card associations receive the transactions, they separate them and send them to each card issuer. Lastly, the issuer can charge the account of the cardholder and send the money to the merchant. Keep in mind that this settlement process can take at least one to three days.

Why you should accept card payments

Today, few customers carry cash and they are now preferring card payments because they are convenient. Card payments have become popular and they are expected to become a good alternative payment method. No wonder, many customers look forward to using card payments when they are visiting shops. By accepting card payments, you can make life easier for the customers. Also, you can rest assured that you are increasing your customer base so you need to get the Eposnow.

Another benefit of accepting card payments is that it assists to give credibility to your business. It can also provide a sense of professionalism to your business regardless of whether you are operating a small and medium business or a large business.

Card machines also offer a good level of security because you don’t handle a lot of cash on site to make your premises safer. You can also monitor intake well so that you can spend less time handling paperwork. Therefore, you can focus on other important areas of your business. Remember that card payments can also minimize the theft risks from your business. It means there is less risk for your employees or robbers from accessing your money.

By now you may be wondering how a point of sale terminal works. Well, you should remember that a point of sale terminal refers to a cash register that can read debit cards and credit cards. Ideally, it’s simply a computer that is designed to read, store, and even process card information. This allows you to complete sales or offer services to your customers.

When a customer uses either a debit card or a credit card to make a payment, a point of sale terminal can read the magnetic stripe on the card using a card reader. It checks this information to determine if there is adequate money in the account of the customer to send to the merchant.

The point of sale system can save information from transactions, such as the account number of customers, amount paid, and date and time. It can maintain this data so that you can use it to analyze and process a variety of business reports.

Also, the point of sale system can send the information to the receipt printer so that it can print a receipt or even send a text or email to the customer. You should remember that you can decide to rent or purchase a point of sale terminal. Purchasing a point of sale system can involve high upfront costs while renting it can involve monthly payments.

Above all, you can find different point of sale systems that vary in their functions. Therefore, depending on the needs of your business, it’s important to choose the system that works well for your business. And, because there are many point of sale system suppliers on the market, you need to make sure that you get the one that has the right features for your business. The choice of payment methods, technology, and components can have a huge impact on your business.

 

‘It’s Epic’: Millennial and Gen-Z Entrepreneurs on Drawing Inspiration from ‘Think and Grow Rich’

Napoleon Hill wrote ‘Think and Grow Rich’ in 1937 and it still speaks to today’s entrepreneurs. The book’s portrayal of imagination and its impact on the subconscious mind is an eye-opener. Mr. Hill is revered as a trailblazer for his extraordinary depiction of cognitive scenarios that lead to the creation of wealth. From the world's leading entrepreneurs, thought leaders, cultural icons, psychiatrists, to neurosurgeons, the author continues to inspire men and women across geographies.  

 

Robert Herjavec, a judge on ABC’s ‘Shark Tank’, is a self-made tech mogul. He recommended the book (to young entrepreneurs) while talking to CNBC in a video-call from Google’s headquarters back in 2017.

“If I had to recommend one book, it would have to be Napoleon Hill’s ‘Think and Grow Rich.’” “It’s epic.”

Daymond John, founder of fashion brand FUBU and investor on ‘Shark Tank,’ said he learned one of his top productivity tricks from the book.

 

“The first time I read about goal-setting was in Napoleon Hill’s ‘Think and Grow Rich.’ I was 16 years old.”

 

“I read the book every night before I go to bed, so it’s the last thing I think about,” he says. “And I read them every morning when I wake up.”

 

Clifford Jones, who is an author, shared the experience after reading the book.

 

“I will never forget the feeling I had when I first finished reading Napoleon Hill’s classic book, ‘Think and Grow Rich.’ I felt empowered as if I could conquer the world.”

 

“For me, the most powerful lesson in the book is ‘definiteness of purpose.’ In chapter six, Hill addresses imagination and teaches us that, ‘… definiteness of purpose is the starting point from which one must begin.’”

 

There are several ground-breaking concepts that ‘Think and Grow Rich’ manages to depict charmingly is the reason it continues to be relevant today. One of the ideas that struck me the most is that there is no association between passion and purpose. The relation between the two is perfectly drawn in the book. Simply put, passion is related to impulsivity, whereas purpose is connected to a definite practical plan. This clearly hints that passion and purpose are two different things. If you long for something, doesn’t mean you will succeed at it. However, a definite practical plan about launching a business, for instance, is bound to bear fruit.

 

Importantly, here are the book’s most notable lessons that millennial and Gen-Z entrepreneurs would want to consider while launching a business: Thoughts are powerful things, Desire, Faith, Specialized Knowledge, Imagination, Shun Procrastination, Mastermind Alliance, Sex Transmutation, Subconscious Mind, and Fear.

 

The quotes used in this piece were extracted from CNBC and The Business Journals.

 

What framework is a good choice for web developers.

When you create any project that aims to create a web application you have to decide what kind of method you will use. Usually developers are using popular php framework systems. Nowadays, web developers choose from two most popular php frameworks – Symfony and Laravel.

Symfony vs Laravel – what are the basic informations of both frameworks?
What are the advantages of using the Symfony framework?
Laravel framework - what are the characteristics of this system?
Laravel vs Symfony – what are the differences and which of these frameworks is better? Let’s find out.

Symfony vs Laravel – what are the basic informations of both frameworks?

Both Symfony and Laravel php framework were created in 2011 and are intended for web development and to create web apps. Both frameworks are based on model-view-controller and open source license. Both Symfony and Laravel seem to be very similar, but there are also a lot of differences.

What are the advantages of using the Symfony framework?

First of all, Symfony was created to be used to make big projects. Symfony is also considered very efficient. Of course, this performance depends on what work is being done, but it is actually at a good level. As Symfony components the developers have used bundle elements, which are packages of files with a specific action. As the template engine, this framework is using Twig, which is very popular and often used by php application developers.

Laravel framework - what are the characteristics of this system?

One of the main features of the Laravel framework is that it is built on top of Symfony components. Using Laravel is a guarantee of fast and intuitive work, because from the beginning there is no need to do everything yourself. Laravel also has a system that handles authorization. When it comes to database support, this framework is also really simple and easy to use, and as everyone knows data access data access is extremely important. Laravel also has lovely object relational mapping. Despite this, Laravel works better for developing small web apps. Using it for large projects can be a bit problematic, though that doesn't mean it can't be done.

Symfony vs. laravel – it could be a tough decision. Choosing a good framework is extremely important. For this reason, it is a good idea to take a close look at all the possibilities that Symfony as well as Laravel offer. Both of these frameworks offer interesting capabilities and innovative solutions, and both are also popular and frequently 

Microsoft Starts to Roll Out Its Brand New Cloud Gaming to Xbox Consoles

Tech Giant Microsoft, in a recent press meet, has announced that it has started to roll out Xbox Cloud Gaming on Xbox Series X / S consoles. To get the game on their consoles, users will require a Game Pass Ultimate subscription. Microsoft also has stated that the users might not have access to the feature right away. The company will roll out its new cloud games in November to a subset of Xbox gamers and later to everyone in supported markets.

Cloud gaming on Xbox consoles will have several applications. Gamers can try demo games that are available on Game Pass without having to download them completely. Also, there is a multiplayer invite for a game; gamers can play it without installing the game. Xbox Cloud Gaming will allow the gamers to stream the game so they can jump right in.

With Xbox Cloud Gaming, users can play some most exclusive next-gen games like Recompile, The Medium, and The Riftbreaker, with the last-gen console. Microsoft's most famous Flight Simulator is not available yet, but the company has assured that it will add to its cloud game library in early 2022.

 

Live Interactive Data Emphasises the Importance of Apps in Consumers’ Daily Lives

Worldwide apps have become more popular in recent years, and many of us rely on them every day to get things done. We use them for everything from reading the news, listening to our favorite music, playing games, watching TV shows and movies - even making new friends! These free tools can be found on any type of phone or computer device. They provide a wealth of information that is at your fingertips 24/7!

According to MinSea, users spend 90% of their mobile internet time in apps rather than a mobile browser. The dependence and popularity of mobile apps are increasing day by day, and people are using mobile apps for their personal and professional purposes.

Therefore, a noticeable rise has been recorded in the number of downloads of the most popular apps. Based on live statistics from Gravitee, Tik Tok is a top leader in the app market, with more than 834,450,000 downloads from global users. Facebook follows it with more than 680,500,000 global downloads.

The worldwide app market continues to grow every year, and it's exciting to see all the things that people are doing through these apps. It truly shows how far technology has come in such a short amount of time! And we can't wait for what they will do next!

What is a Worldwide App?

First of all, what exactly makes an app 'worldwide'? Well, the term simply means that it can be used in any country. It's software that allows you to do many things from your phone or computer device - just like most other apps! The difference between worldwide apps and others is that they are free to download, and they can be accessed anywhere in the world (no matter where you are or what kind of phone/computer device you have).

How Do Worldwide Apps Benefit Us?

There are many benefits involved with using these tools daily. They help keep us organized, allow for quick communication (and entertainment), and they often save people money by providing coupons or discount codes! We can use them while we commute home from work, while we're waiting for an appointment to start, or any other time we have a couple of spare minutes.

Here are some other benefits of worldwide apps:

Making New Friends via Worldwide Apps  

People often use worldwide apps like Tinder and OkCupid as ways of meeting others who live in their city/area that they wouldn't normally have the opportunity to meet otherwise. Some people even go as far as dating and starting serious relationships with people they meet online!

Business Opportunities via Worldwide Apps

People who own their businesses can use worldwide apps like Craigslist, Kijiji, and Gumtree to promote themselves. These platforms allow them to reach a large number of people, which is beneficial for both parties involved (the business owner and the customer). It's also an inexpensive way of marketing yourself - especially if you're just starting or don't have a lot of funds to spend on advertising.

GoogleMeet is one of the most downloaded business apps out there with more than 229, 500, 000 downloads! With features like screen sharing, file-sharing, and video conferencing, people can quickly get their work done from the comfort of their own homes. Furthermore, it's entirely free for businesses with a G Suite account, so they don't have to worry about hidden fees or anything like that.

Access to News and Current Events

Worldwide apps also allow people to connect with others from around the world and keep up-to-date on what's going on in other countries besides their own! Many online newspapers offer an app that can be downloaded for free, so readers don't miss a single story.

This is a great way to get an unbiased perspective on what's happening, and it allows for easy sharing with friends or family members who might be interested in the same topic(s).

Using Worldwide Apps While Commuting

A lot of people use worldwide apps when they're catching public transportation from one place to another - whether that's on their commute home from work every day or while they're travelling for leisure. It's a great way to pass the time and get some of your 'to-do' lists done!

Don't Forget About Babies!

Worldwide apps are also beneficial when it comes to raising children - whether you have kids yourself, friends/family members with children, or you work in a childcare facility. These apps allow for quick and easy communication between parents and tracking their child's feeding/sleeping habits!

Time-Saving Tools for All Occasions

No matter where we are or what kind of device we have on us at the moment - we can always use worldwide apps to keep us entertained and well-informed. The best part is, people of all ages (including children) can benefit from these time-saving tools!

What is the Future of Worldwide Apps?

There are no signs that worldwide apps will be going out of style anytime soon. Experts predict that more tools like these will continue to pop up in the next few years - especially since there's such a huge market for them! This includes apps that are being developed to help people with their jobs and give them access to all types of tools at the click of a button.

 Conclusion

 It's time to say goodbye to the old way of thinking and embrace a new era in which every person on the globe has access to information, communication, and education. As you can see, worldwide, apps have become an important part of our daily lives whether we realize it or not! They're free, they're everywhere - what's not to love?

 

IT Out staffing Company: What it is and what it does?

Hiring an IT specialist without having him on staff to perform IT tasks is a popular business practice. For example, such global market giants as Samsung or Qualcomm resort to it.

This "phenomenon" has an official name - IT outstaffing. The reason for the demand for such services lies in the advantages that the customer of IT outstaffing company receives. What are the benefits and when is it recommended to use services of IT outstaffing company? Read on in the article below.

What does an IT outstaffing company do?

IT Outstaffing is a service that implies the IT specialists working in your company but being  the employees of other organizations. The cost of an IT outstaffing company’s services depends on individual calculations with each client. First of all, you need to evaluate the time spent and the level of specialists’ professionalism. In order to determine the level of employees for your company, you must first conduct an audit of the information system. The course of these activities is determined by the specifics of the installed software, the role of the server part, the quantitative indicators.

It outstaffing companies save time, as specialists are interested in the successful implementation and completion of each project. Secondly, there is no need to establish a social package for employees. Thirdly, you do not need to keep track of tax deductions, and the work of your employees can be easily traced in the management system of the tasks set.

Benefits of cooperation with IT outstaffing company

●     Reduction of financial expenses. This format of "hiring" workers implies payment only for the work done. Its volume is regulated by the contract at the beginning of cooperation. At the same time, a regular employee needs to be paid the salary due regardless of the workload, taxes, etc;

●     Professional performance. Outstaffing by default means hiring a highly-skilled professional to perform specific tasks. Otherwise, the benefits of IT outstaffing would be minor. At a minimum, good professionals are offered by reliable service providers.

●     Improving the efficiency of the IT infrastructure;

●     Ensuring quality results. In addition, the obligations of the parties, the amount of work, and timing is spelled out in the contract as an additional guarantee;

●     Possibility to implement projects which a company or its own staff can't solve with its own resources or skills;

●     Fast search. Employers do not need to spend time and money to find a specialist with the necessary level of qualifications - that is done by the service provider. This is especially convenient if you need a top-notch worker, who is scarce on the market.

When is it reasonable to use the services of an IT outstaffing company?

Services of IT outstaffing company’s specialists are suitable for those who:

●     have problems with limited staff

●     have a need to hire developers for a short-term project

●     have a need to hire staff for seasonal work

●     need a replacement for a staff specialist or reduce the cost of the company for tax deductions and maintenance of its own staff.

Today it is very important to have access to professionals. Delay and stagnation in this area can lead to serious errors. It is important to understand that outstaffing is not that much different from in-house development.

What kind of businesses need to cooperate with IT outstaffing companies?

Small businesses can hire a specialist from an IT outstaffing company only when they need it. To increase the speed of response, you can set up remote access with a specialist.

For a medium-sized business, it is necessary that the company already had at least one IT employee. At the same time, there is a need for a systems integrator who can handle other issues. Even if there are changes in staff, all documentation, history of changes, conducted works - all this remains due to outstaffing. That is, all support processes remain effective regardless of which specialists perform them.

There are two variants of services for large businesses. Outstaffing can supplement the functions of a company's IT department or completely replace it. Outsourcing services are very convenient for large organizations, as there is no need to organize special staff on duty or hire additional staff to constantly support the IT infrastructure. With an IT outstaffing company, you can increase the quality and quantity of services with minimal costs.

If you are interested in the services of an IT outstaffing company, we recommend that you contact RexSoft. We have over 9 years of experience in making businesses better and more technologically advanced. We will quickly find IT staff for you. The qualification level of the IT specialist will completely satisfy all your needs. The complexity of the search does not matter, we will provide the right number of competent employees in the shortest possible time. Outstaffer's quality performance is guaranteed by the conclusion of a contract. If necessary, we can provide a replacement or more specialists.

 

Singtel's Net Profit More than Doubles to S$954 million in First Half

Singtel's net profit more than doubled from the same period last year to S$954 million, riding on the Airtel turnaround. The Company's operating revenue grew 3% to S$7.65 billion, propelled by higher mobile service revenue in Australia and strong ICT growth from higher digital services revenue for NCS and also data center revenue.

“This first half performance underscores our ongoing strategic reset to develop new growth engines in ICT and digital services. The pandemic has provided tailwinds of digitalisation that we are leveraging to rebuild our business during this crisis and we continue executing to this strategy by enhancing NCS’ digital capabilities in cloud and data and growing our digital infrastructure to innovate our way through this disruption,” Mr Yuen Kuan Moon, Singtel Group CEO.

The company's associates delivered resilient performance and a resurgence of COVID-19 in their markets with a 21% increase in pre-tax contributions to S$1 billion. This has been attributed to the solid turnaround in Airtel with double-digit increases in operating revenue led by robust mobile growth in India from customer growth and 4G upgrades. In Indonesia, Telkomsel saw good growth in data and digital services which partially offset weakness in its legacy business.

 

Twin Health Announces New Initiative to Reverse Diabetes Using Technology on World Diabetes Day

Twin Health, the US-India-based healthcare and technology startup company which predominantly makes Whole Body Digital Twin™ has announced a new initiative on the World Diabetes Day called #PledgeToReverse. Through this program, the company aims to reverse type-2 diabetes by using current technologies. Twin Health will be doing this by healing the primary cause of chronic metabolic disease.

Twin Health will be using highly sophisticated technology and other data-driven recommendations to treat patients with type 2 diabetes. Through this program, the company will be conducting several initiatives. The first initiative will be the Twin True Reversal, where the healthcare firm will select multiple users to reverse diabetes by providing them with its revolutionary program free of cost.

The company will create a special portal that allows anyone to visit the portal and nominate themselves and their loved ones to be a part of this revolutionary movement. Twin Health will partner with various healthcare institutions/organizations and will use specially designed sensors, artificial intelligence, and detailed data-analytics technologies to reverse type-2 diabetes through #PledgeToReverse.

 

How To Keep Up With The 4th Industrial Revolution?

Throughout history, we have witnessed three industrial revolutions. First one was responsible for mechanizing production using steam power; the second one for the application of electrical power for mass production; and the third one for the emergence of technology to automated production. Now the world is on the brink of the 4th and most complex industrial revolution. All of these, however, have one thing in common — they all led to the death of jobs and businesses that didn’t adapt accordingly.

What is the 4th Industrial Revolution (4IR)?

In simpler terms, the 4th industrial revolution or Industry 4.0 is the fusion of our digital and physical world. In other words, the various branches of information technology i.e. robotics, IoT (internet of things), Big Data, AI (Artificial Technology), 3D modeling, VR (virtual reality), and quantum computing will merge to blur the boundaries of physical and digital realms.

This article will describe how this tide of innovation will shape the reality around us and the steps businesses can take to keep up with the 4th industrial revolution.

How can 4IR Impact the Future of Business?

The 4th industrial revolution is expected to revolutionize the way we live, work, or even interact with fellow human beings. This upcoming revolution will unfold at an unprecedented, whirlpool speed resulting in new results driven primarily by vast amounts of data. During the coming years, accelerated innovation in the field of information technology will completely change the course of production, endorsement, trading, and management within a company. So how will it impact the nature of business and the workforce responsible for running it?

What Steps Businesses can Take to Keep Up with 4IR?

So here are a few ways organizations can prepare themselves to safely ride the wave of the 4th industrial revolution:

Tailored Engagement

The physical retail world is set to shift completely online, generating massive amounts of data in the process. This coined with groundbreaking advancements in the fields of data science and artificial intelligence can allow businesses to communicate effectively with the consumers.

Experts can leverage information from past interactions with customers to identify their behavior and meet their expectations. Tailored engagement will be highly crucial in the future to stand above the competitors as customers will have tons of options at their disposal.

Data Protection

However, the accumulation of personal data by the companies raises serious concerns among the public regarding privacy protection and data integrity. Customers are now more concerned than ever regarding how companies are using their personal information.

Therefore, online retailers and businesses should devise the required strategies to address the rising fear among the masses regarding the protection and security of their data. 

Data Transparency

One of the ways customers can feel safe while sharing their information online is when companies offer complete transparency of how their data is used. Apart from offering tailored engagement for generating exceptional sales, companies should focus on building trust with their consumers.

In the words of Marc Benioff, CEO of Salesforce: “A trust revolution is needed if businesses are to fully embrace the potential of the Fourth industrial revolution”.

Digital Transformation

To match the fast-paced digital disruption of our physical world, businesses should proactively engage in developing a digital transformation strategy. Start by identifying the processes and practices that can be enhanced digitally. Then, optimize the workflow by using AI-powered automation tools for increased productivity.

The next step is to future-proof the workforce by recognizing the skill set that can help employees keep up with the digital revolution. Invest in their training to learn new tools and take advantage of groundbreaking technology. This is the only way to help the employees overcome the fear of job security.

Process Automation

With the emerging technologies, we are moving farther down the road to industry 4.0 that promises higher automation of manufacturing processes than the third revolution. The prime difference is that this wave offers automation of operations and management practices as well.

Robots and Machine Learning algorithms have been designed to carry out monotonous yet high-volume tasks. Thus, allowing workers to shift their focus towards more productive problem solving through critical thinking.

Choosing the Right Tools

This is a pivotal element while developing a successful digital transformation strategy. Consider the following factors when selecting digital tools for your business:

·         One-stop-solution

• Integration with the current software environment
• Cloud-based, centralized data management system
• Cyber- and malware-protected
• Allows optimized automation
• User-friendly interface
• Allows real-time processing of data

The 4th industrial revolution will pose unique opportunities and challenges for us both individually and socially. However, we humans still have the power to ensure that it benefits everyone by creating economic opportunities, providing training for new tools, and raising awareness about cyber protection.

 

Upstream Security Partners with Volvo for Safer Connected Vehicles

Herzliya, Israel-based automotive security pioneer Upstream Security has announced a partnership with Volvo to create safer automotive connections. The collaboration announcement comes as a direct result of Volvo's partnership with DRIVE, an innovation hub that focuses on disruptive start-ups in the Israeli mobility sector.

“The partnership approach is becoming ever more important, and the result of the collaboration between Upstream and Volvo can be beneficial to many people,” said Tommy Hansson Strand VP Volvo Group Connected Solutions Innovation Lab.

The partnership with Upstream Security will help Volvo, which is kicking off the global commercial corporation. Volvo will benefit from this partnership with Upstream Security as the latter provides cybersecurity solutions that are designed specifically to protect connected vehicle from cyber threats.

“Our mission is to protect every connected vehicle and smart mobility service on the planet. The collaboration with Volvo will take us even further towards our mission. With our data-driven, cloud-based platform, we can provide Volvo with the capabilities to accomplish secured connected vehicles,” said Yoav Levy, Co-founder and CEO Upstream Security.

This week, Upstream Security closed its Series C funding round which included BMW i Ventures as a new investor.