Anyone who has been abroad knows that currency conversion occurs whenever you pay with a credit or debit card. However, many don’t understand why charges are relatively high. To help explain the issue, let me explain how your payments happen overseas.
As soon as you return from your trip, you can compare receipts in foreign currency with your billing. A quick check will show that you have paid 5% more than you expected for the conversion. How did that happen?
The Third Annual Wearable Technology Show was held at London’s ExCel conference center on 15th-16th of March. There were over 140 exhibitors, nine tracks and more than 40 product launches to keep technology executives on their toes.
Healthcare & Life Science, Travel & Hospitality and Betting & iGambling Practices of DataArt exhibited at the event and demoed many of our concept products, examples of how technology brings business value. Here are some of them: KidPRO uses gamification to motivate and engage young patients while managing their own healthcare or participating in a clinical trial. MedAR is an augmented reality app that recognizes medications and provides all relevant information about it. Pills Adjutant simplifies medication adherence. Tiredness Checker helps users check their tiredness level. SmartBet and WatchSlots apps bring quick bets and slots to your wrist.
The Scope Summit was held on February 23-25 at the Hyatt Regency in Miami and attracted a record 1200+ attendees. It brought together the leading senior-level industry representatives and provided a great platform for networking, in-depth discussions and insightful keynotes.
My focus was in the area of advancing clinical research with technology and innovation. One of the most interesting talks was by Craig Lipset, Head of Clinical Innovation at Pfizer, who applied the concept of Gartner’s Hype Cycle to clinical trial technologies.
About 100 developers from all over the world gathered in Berlin to participate in THack – one of the most prestigious hackathons organized in the travel technology space. The event, organized by Tnooz, took place at the betahaus co-working space over the weekend of 4-6 March and was supported by HomeAway, Skyscanner and Xapix.io.
Participants were asked to develop solutions to these four travel challenges:
Attended by executives of large investment banks and technology firms alike, the Intelligent Trading Summit covered a wide array of topics, from what constitutes competitive advantage in today’s trading industry to the possibility of turning regulatory pressure into an opportunity. DataArt, represented by its financial services team, was among the attendees.
Kee-Meng Tan, Head of Electronic Execution Strategy at BNP Paribas, got the Summit off to a bright start by introducing key topics which found much resonance in the following panels.
Roman Chernyshev, the leader of Healthcare & Life Sciences practice, shares his view on medical wearables, “smart artificial limbs”, conservatism of the industry and Big Data in medicine.
– Who are the leaders in the medtech market – start-ups or corporations?
– It’s quite a difficult question to answer. Medicine is very slowly adapting to new technologies due to the inevitable conservatism. There is huge potential here, a collection of new ideas and technologies promising to turn everything upside down and modify medicine, however this updating will take a lot of time. All innovative ideas tend to pass through a series of long stages. From origin in startups and academic institutions where they are formed, but have no great influence on the industry, to acknowledgement of their potential by big players, who have the resources for a change of a visual environment and transfer of innovations to the mainstream.
DataArt’s Travel & Hospitality Practice’s team, represented by Greg Abbott, Charlotte Lamp Davies, Roman Peskin and Alex Shchedrin, exhibited its latest technology solutions at the annual Phocuswright travel Conference in Hollywood, Florida. With a record 1700 of the most influential leaders from 30+ countries in attendance, The Phocuswright Conference consisted of The Battleground, Travel Innovation Summit, Center Stage, workshops, and the exhibitor showcase. The theme for the 2015 Conference was – I, Traveler: Embracing Post Mobile.
Speaking at the center stage, Expedia CEO, Dara Khosrowshahi talked of the new breed of competition from alternative accommodations, as a “fact of life” and Expedia’s response to it by a 4 billion acquisition of HomeAway. Khosrowshahi said “We believe in home vacation rentals, we believe in taking that from a listings business to a transactional business”. A major deal with SilverRail to power Expedia’s global entry into the growing rail sector, was announced at the Conference. Khosrowshahi commented on Expedia’s intention to invest in air and rail is key to differentiation from other competitors and would allow the company to up- sell related products like hotels and activities and boost consumer purchase frequency.
DataArt, in partnership with Microsoft and Canonical, hosted its first annual Open Source IoT Summit in New York City. On November 12, 2015, six dozen technology innovators gathered at Microsoft’s New York Conference Center on Times Square to learn how they can develop their own in-house IoT solutions.
DataArt has always been supporting open innovation movement, which is at the heart of new technology development, and our open source IoT device-management platform DeviceHive is a testament to that. DeviceHive runs on Canonical’s Ubuntu, is available on the Microsoft Azure Marketplace and provides the tools to solve any smart manufacturing or smart home challenge in-house, without costly investments in software solutions. At the summit, we showed how DeviceHive accelerates IoT product development, allows for creating a solution prototype in a matter of hours, and then deploying and scaling it to a limitless number of devices or control variables with no additional software or investments requirements.
DataArt’s Healthcare & Life Sciences practice had a strong showing at the 7th annual mHealth Summit that took place on November 8-11, 2015 in Washington, DC. A great place to explore health innovations, industry insights and trends, mHealth drew thousands of industry executives. DataArt’s exhibition booth sparked a vivid interest among attendees as the team showcased several of our our mHealth apps.
At the heart of everything we do at DataArt is our vision of creating tailor-made solutions for the specific requirements and business demands of our customers. For our healthcare & life sciences practice this often means serving the special needs of a particular segment of the population, whether it is a particular demographic or a group of patients with specific health conditions. Our thinking is shaped by research into these needs, the intricacies of health conditions and dedicated to overcoming the challenges patients may face in managing their condition. We keep our focus patient centric by turning these insights into quality user experience.
On 4th of November 2015, DataArt held a financial roundtable event at the Armourer’s Hall in the City of London. The event brought together senior financial services executives to discuss the nature of change in the industry.