There is a surprising statistic: in 2020, the poor quality of software products cost companies more than $2 trillion in the US alone. The COVID-19 pandemic also played its part; in response to the pandemic challenges, enterprises struggled to offer value at the necessary pace without jeopardizing the quality of their software products.

Project management is easy. Like riding a bike. Except it’s on fire, and everything’s on fire, and you know how the saying goes. You have shrinking budgets, tight schedules, and dozens of angry stakeholders. No wonder only 31% of software projects become a complete success according to Standish Group.

Modern software development can be labeled anything, but definitely not a cakewalk. To ensure effective collaboration of all participants and build advanced solutions, companies apply various software development approaches, and one of them is Lean. It was developed as an effective anti-crisis solution, and it’s not surprising that it is in high demand now.

Most Agile best practices work for small close-knit teams. When everyone sits in the same office, you can easily ask teammates a question, discuss personal matters over a water cooler, go out together for an informal dinner, or throw a little birthday party for your QA engineer.

The COVID-19 pandemic accelerated digital transformation in dozens of industries. Most business leaders now realize the importance of technology. Yet, few understand the steps they need to take to complete this journey. So it makes sense to study the success of your competitors to find inspiration and direction for your business.

The advertising industry is entering a new age. Online advertising is booming and capturing an increasing share of the advertising budget, data has turned into the new advertising gold and is a game-changer for processes and targeting. The transformation of the advertising ecosystem is undergoing a complete shift.

There is no single blueprint for businesses to follow in order to adapt to the digital age. But even though each industry is moving at different paths and paces while undergoing digital transformation, they have one thing in common: they are all adopting modern digital technologies.

Insurance is one of the last things that come to mind when you think about cutting-edge tech. Most insurance companies still cling to outdated practices and business models. Yet, the industry is going through a quiet revolution. Digital transformation in insurance is already here.

Currently, the energy market is undergoing strategic changes. These changes are focused on decarbonization, energy efficiency, the creation of new models of the digital energy market, and also the introduction of IoT technologies.

As more consumers install small-scale renewables, there will be more surplus energy that needs to be stored or sold to those who need it. Peer-to-peer energy trading allows people to buy electricity directly from other consumers on digital marketplaces.

Global fuel sources, oil and natural gas, continue to prevail in the energy industry. However, as the world moves away from fossil fuels and adopts more clean energy sources, oil and gas giants that have dominated markets for more than a century are challenged with the question of “How to survive the current energy transition?

Be it a dating app or a smart energy management system, the software development life cycle includes several complex stages, and architecture design is one of them.