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Showing posts from February, 2023

Tech Trends 2023: How is Metaverse Transforming Software Development?

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  An expression of business software offers an expression of constant opportunities and challenges. In 2022, businesses witnessed event-driven architecture taking hold as mobile development environments began supporting web runtimes, enabling development teams to shift to consolidated toolchains. The development tools, enhanced by AI, led to the establishment of collaborative work management, thus overtaking strategic portfolio management. Now, in 2023 software development leaders are predicting a more turbulent sea. Business objectives will largely drive API efforts to create new standard frameworks for development. Metaverse: Shaping a New Reality for Software Development The metaverse is becoming one of the most discussed topics not only in technology but also in all social and economic spheres. Tech giants, as well as startups, are working to create solutions for this digital reality. But the year ahead is being perceived to be a stormy one for software developers. Read more:...

Trusting in Trust Architectures – Raising Privacy Questions and the Way Forward

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  A trust architecture includes technologies and methods that aim to protect enterprise data, while speeding up digital transformation initiatives and complying with all data privacy-related laws. The increasing prevalence of connected or the internet of things (IoT) devices and companies’ migration to the cloud is pushing organizations to re-assess and validate the credibility of their devices, as data expands rapidly across applications, application programming interfaces (APIs), and networks. In addition, the growth of applied AI, 5G, and the metaverse is expected to further accelerate this trend. Cyberattacks and data thefts have been on the rise in recent years and are posing new challenges by taking advantage of technologies, such as quantum computing for breaking encryptions. According to IBM’s Cost of a Data Breach Report 2022, the global average total cost of a data incident is USD43.5mn, up 2.6% from USD4.24mn in 2021. The research also revealed that 83% of the organizati...

How Can Private Equity Funds Achieve Their ESG Goals?

  Private equity funds consider sustainability and ESG metrics necessary in corporate financing. Therefore, financial professionals offering private equity support to companies and investors study different ESG frameworks, compliance requirements, and performance disclosure laws. This post will explain how private equity funds can achieve ESG goals.   What is ESG?   ESG measures an organization’s performance on sustainable development metrics divided into the environmental, social, and governance pillars or sections. Investors use  ESG data services  to check whether an organization complies with the metrics critical to realizing eco-friendly and socially responsible business objectives.   Likewise, privately-held companies have used ESG consulting to devise compliance improvement plans to attract socially conscious investors. After all, investors believe that corporations must contribute to the community. They want businesses to reduce their adverse impact on the ...