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Application Development Services Enables Organizations To Reduce Product

Application services enable organizations to reduce product lifecycles and improve time to market through activities like requirements management, release management, and software configuration management. Quality must be maintained throughout development by planning, analyzing, designing, developing and testing applications. Blockchain can be used in payments, trade finance, healthcare, insurance and logistics through strategic partnerships with distributed ledger technology platforms. It allows companies to embrace blockchain's power for competitive advantage, though mainstream use may take 5 years. Business process services enhance customer experience through business process automation, analytics-driven insights, and cloud-based productivity tools in industries like banking, insurance, healthcare and transportation.

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93 views3 pages

Application Development Services Enables Organizations To Reduce Product

Application services enable organizations to reduce product lifecycles and improve time to market through activities like requirements management, release management, and software configuration management. Quality must be maintained throughout development by planning, analyzing, designing, developing and testing applications. Blockchain can be used in payments, trade finance, healthcare, insurance and logistics through strategic partnerships with distributed ledger technology platforms. It allows companies to embrace blockchain's power for competitive advantage, though mainstream use may take 5 years. Business process services enhance customer experience through business process automation, analytics-driven insights, and cloud-based productivity tools in industries like banking, insurance, healthcare and transportation.

Uploaded by

HariSharanPanjwani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1) Application Services

application development services enables organizations to reduce product


life cycles, while improving time to market and increasing return on
investment.
the quality of an application should be maintained throughout its
development lifecycle. The maintenance activity must be planned,
analyzed, designed, developed and tested into the application and cannot
be “tested in” at the end of the lifecycle.
FSS collaborates with clients to optimize upstream activities, such as
Requirements Management, Release Management and Software
Configuration Management, and further validates the design, functionality
and performance of the application. This is done through test execution
that can maximize value from their IT investments.

Example – Portfolio Valuation

2) Blockchain
Can be used in payments, trade finance, healthcare, insurance and logistics.
Use of Blockchain in different applications.
How? Strategic partnerships with a broad range of leading DLT (Distributed
Ledger Technology) platforms and solutions, we are continuously
designing, testing and deploying new frameworks that help our clients
embrace the power of blockchain as a source of competitive and disruptive
advantage.
Eg: Bitcoin, Ethereum
DLT - is a consensus of replicated, shared, and synchronized digital data
geographically spread across multiplees, countries, or institutions.[1] There
is no central administrator or centralized data storage.
Types – permissioned or permissionless. This determines if anyone or only
approved people can run a node to validate transactions
Imp usage in trade finance – Acc to BCG, blockchain could reduce the
operational and compliance costs of paper-based trade by 10-to-15
percent. But it will take 5 years to become main stream.

3) Business Process Services

Be it integration and collaboration through business process automation, or


insights-driven decisions through analytics, or enhanced productivity
through cloud services, we continuously apply transformation levers to
enhance end-customer experience and co-create value

To increase efficiency and profitability


Using emerging technologies in their operations

Application - banking and capital markets, insurance, healthcare, travel and


transportation

In banks – Client data mgmt., fraud collections, customer service

4) Cloud

destination for banks and other financial services firms to store data and
applications and access advanced software applications via the internet.

Once massive data sets are combined in one place, the organization can
apply advanced analytics for integrated insights.

5) Cognitive Solutions
Big data mgmt. and advanced analytics

Application in Investment banking – can speed up time consuming tasks like


: valuing portfolios of assets and approving client mortgages.
Eg: Goldman Sachs has taken the lead by investing $15 million in big data
analytics. The automated technology enables Goldman’s front-office teams
to answer millions of complex questions regarding global market scenarios.

6) Cyber Security

Digitally connected business has led to constant and predictable growth in


revenues, and have also increased challenges for the business.

Asset and wealth management – new threats. They have doubled up their
investment in cyber security.

7) Devops

DevOps is an increasingly common approach to software delivery where


development (IT) and operations teams collaborate to build, test, deploy
and monitor applications with speed, quality and control.

Devops – combines software development and information technology


operations

it is about adopting technology and norms that enable fast flow of work
from development, through testing, into operations, while preserving
security at speed, world-class reliability and optimizing costs

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