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Top 10 reasons to modernize technology now

CIO

The big picture: Modernizing applications can help companies take advantage of the latest technologies, streamline their operations, and stay ahead of the competition. Where IT leaders once focused only on technology, they now add greater value by relating technology’s possibilities to business outcomes and competencies.

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What is Commercial-Off-the-Shelf (COTS) Software

Openxcell

COTS stands for Commercial-Off-the-Shelf, and it refers to software targeted to a certain, specially defined range of business based on predetermined specifications. They’re utilizing it to replace proprietary systems with COTS Software. COTS softwares can be easily implemented in the existing systems.

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IBM and AWS Create a Path to Modernization Via Industry-Specific Solutions

CIO

Along with the proper technologies and tools, the right consulting partners can help accelerate transformation, specifically if they can together demonstrate deep and diverse expertise, modernization patterns, and industry-specific blueprints. Consider the critical area of security controls, for example.

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How real-time operational insights drive superior tech platform development

CIO

The “one size fits all” approach often employed leads to inadequacies due to inabilities to account for the demands of a broad range of users. As SaaS solutions gain greater market share, and build mindshare, operational know-how is becoming critical to both their development and evolution. Cost overruns have been another significant concern.

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Nym gets $6M for its anonymous overlay mixnet to sell privacy as a service

TechCrunch

Switzerland-based privacy startup Nym Technologies has raised $6 million, which is being loosely pegged as a Series A round. Earlier raises included a $2.5 million seed round in 2019. The founders also took in grant money from the European Union’s Horizon 2020 research fund during an earlier R&D phase developing the network tech.

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How Financial Services and Insurance Streamline AI Initiatives with a Hybrid Data Platform

Cloudera

It’s the most revolutionary technological development in at least a generation. Institutions must design AI systems that are not only transparent, reliable, fair, and accountable, but also comply with privacy and security requirements, as well as align with human values and norms. But it’s also fraught with risk.

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Unlocking enterprise innovation with generative AI – balancing power and security

Capgemini

But to realize the full benefits and avoid potential pitfalls of this game-changing technology, companies are under pressure to not only implement generative AI solutions end to end effectively, but also balance and maintain continuous control over security and compliance.