DataArt Blog

DataArt Financial Round Table

27 November 2015 | Alexey Utkin

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.

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TADSummit 2015 – Dangerous Demos

26 November 2015 | Michael Lazar

What is a “Dangerous Demo”? Using technologies in a disruptive ways is one example. During the Telecom Application Developer Summit (TADS) in Lisbon, we took on the challenge of creating a functional Telecom application that performed automatic scaling to handle millions of simulated users.

Now you may be thinking, “hold on” there are lots of ways to do this (Docker for example), and you would be correct. What we developed instead was a solution that allows applications to scale in seconds (using Mesos) while it prepares additional container resources in the background (using Juju and Docker). We combined horizontal and vertical scaling capabilities in one Docker container! More importantly we allowed application functions to be split up – in this case the call-processing portion of the application was separated from the rest of the core application and only the components that were needed are scaled (while the container spins up more resources in the background to handle overflow).

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Reflections of the Munich Appathon 2015

25 November 2015 | Alexander Makeyenkov

On 6th of November, 2015, DataArt partnered with HypoVereinsbank for the UniCredit’s international 24-hour hackathon, which was held at HVB Forum in Munich, Germany. The challenge of the event was to develop apps and solutions that make up the banking of the future.

UniCredit Group has been focused on innovation as the top leadership priority, encouraging experimentation throughout all levels of the group, opening a large innovation center in Milan and planning to invest a further 1.2 billion euros on innovations before 2018.

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The curious incident of the return of a medieval exchange system: Four reasons why P2P may not be here to stay (in its current form)

6 November 2015 | Ilya Aristov

Long before the rise and subsequent monopoly of the banking industry within commerce, the majority of financial transactions were carried out personally between individuals.  Then, sometime in the mid 15th century, the emergence of banks began to present people with a new way to engage in financial transaction. In recent years however, it seems we are now heading back in the direction of individual personal exchange. Person to person payments are back - but not in the same way as before.

Enter P2P, the 21st Century cattle and chicken market.

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Hospital of Tomorrow 2015 Insights

1 November 2015 | Daniel Piekarz

The health care industry is evolving, driven by policy changes, societal shifts and technological advances. Health care policy experts, government officials, health care trade associations and C-level executives from hospitals and health care systems gathered on the 20th of October at the U.S. News Hospital of Tomorrow Conference 2015 in Washington to examine the challenges facing the industry, and to discuss how health care must change to face the future.

One insightful speaker was Dr. Elizabeth McNally, director of Northwestern University's Center for Genetic Medicine. She talked of the promise and challenge of precision medicine - using high-throughput sequencing to decipher mountains of genetic information quickly and at a lower cost than before and tailoring of medical treatment to the individual genetic characteristics of each patient. Although some hospitals have established footholds, particularly in cancer, they are discovering many complexities of such targeted approaches including logistics, ethics and high costs.

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Hack (Make) the Bank Hackathon

30 October 2015 | Alexey Utkin

Edinburgh. Innovators, Entrepreneurs. Designers. Software Engineers. Gin and Whisky Tasting. Massage. Kilts. Bagpipes. Children. Workshops. Pitches. Mentor sessions. Awards. Cocktails. Mix these ingredients together and out comes the inspiration for the future of banking.

Royal Bank of Scotland (RBS) teamed up with Open Bank Project (OBP) to host its banking Hackathon, Hack (Make) the Bank at the RBS Technology Solutions Centre in Edinburgh, October 9-11. The event provided the stage for innovators, designers and software engineers to come together and create applications to improve the banking sector, be it by masterminding complementary digital offerings or by providing alternatives to traditional banking.

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Enterprise Developers can’t miss the NY Open Source IoT Summit

29 October 2015 | Artyom Astafurov

Hearing a lot about IoT lately? Want to learn everything from home automation to Industrial IoT? Want to try enterprise IoT solutions yourself? The Open Source IoT Summit is about open source IoT and Azure IoT solutions that anybody can use. Join Microsoft, Ubuntu / Canonical and DataArt to learn all about it and jointly start creating IoT solutions.

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Skift Global Travel Forum 2015 Takeaways

27 October 2015 | Gregory Abbott

About 800 attendees gathered at the second Skift Global Travel Forum 2015 in Brooklyn to listen to 37 top strategists, technologists, and marketers talk about the future of the global travel industry. Skift’s founder, Rafat Ali, opened the event and vowed to the audience that it was indeed a different kind of conference, focused on real content, debate and issues, not simply networking and “navel gazing”.

Much attention was focused on “the fault lines” forming in one of the world’s largest sectors brought on by new entrants, new technology vs. the status quo. Another prominent theme was embracing social media to open up possibilities to speak to a much larger audience than existing marketing platforms allow, tapping into the storytelling and social aspect of travel experience. Notably the audience and speakers were an interesting mix representing the focus pillars Skift proclaims to future proof businesses: marketing, technology, user experience and design.

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Reflections on the 7th Annual Financial Technologies Summit

15 October 2015 | Alexei Miller

Once again we gather to debate over notable challenges and opportunities that the next generation of technology holds for the financial sector.

One panel zoomed in on the non-bank lending. Small businesses need money to grow their business. Although banks do offer small business loans, their people-intensive and bureaucratic processes just aren’t lean and fluid enough to be cost effective on smaller loans and to provide a swift and flexible service to small business owners. This great demand for alternative sources of funding created a market opportunity for tech start ups who provide easier, more flexible, lean and tech-intensive ways to get more funding to a wider range of small businesses. Moreover, FinTech entrepreneurs are of similar age to small business owners and thus shaped by the same rapid technological progress, allowing them to be best positioned to create most relevant solutions.

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Strata+Hadoop World NYC 2015 Reflections

6 October 2015 | Artyom Astafurov

Machine learning, cloud, visualization, Hadoop, spark, data science, scalability, analytics, terabytes, petabytes, faster, bigger, more secure, simply better. The kind of a merry-go-round that keeps spinning in your head after you spend three days on the exhibit floor at Strata+Hadoop conference. And lots of elephants, of course.

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