Learn why virtual teams have become a popular way to organize the business processes. Disadvantages and advantages of virtual team, what are the alternatives, and why you should refer to Fayrix for help

With the development of new communication technologies, the way we cooperate on the project has changed drastically. The widespread access to electronic devices and the development of new software solutions have resulted in the emergence and rise in the popularity of virtual teams. The COVID-19 pandemic has only fueled this trend further and forced certain businesses to move to this cooperation model.

A virtual team can be…

Machine learning for medical diagnosis helps detect life-threatening conditions in the earliest stages. Learn more about 10 ways to use machine learning in diagnostics.

Diagnosing diseases precisely is the cornerstone of healthcare. When physicians make bad judgment calls, their negligence or lack of concentration can result in life-altering complications and prolong patient recovery.

Statistically, 10% of patient deaths and 17% of complications are a direct consequence of misdiagnosis. How can healthcare service providers improve the precision of each diagnosis? Making use of artificial intelligence and machine learning is a promising way to mitigate the issue.

In this post, we will…

Predictive analytics in healthcare gives physicians and facility managers a lot of ways to improve patient care. Here are the top 5 use cases of predictive analytics in the medical field.

By definition, predictive analytics is the ability to use historical data to forecast future events. Today, this is a game-changer in many industries, including insurance, marketing, and manufacturing.

Healthcare is another field that hugely benefits from adopting predictive analytics algorithms. …

With the development of modern technologies, changes in educational processes are inevitable. Read on to find out how the digitalization of education is transforming the industry and what competences will be required in the future.

In 1999, after the CBT systems seminar, the world was presented with the term “e-learning” and the idea of utilizing digital technologies in the teaching and learning process. This concept has evolved over the years into what is known today as Digital Education.

In this post, we’ll share some ideas on what the digitalization of education is, how the pandemic has affected educational institutions around…

Read this guide to become aware of all risks and possibilities offshore software development has to offer.

Many industries prefer offshore software product development due to a shortage of expertise in the local talent pool. Among other reasons are high salaries on the market or a pressing need to scale quickly with little time left to set and maintain operating processes. Other companies prefer to use offshore software development services as a part of a well-considered growth plan, evaluating all options and costs far ahead of when it becomes a necessity. The second ones are in a more advantageous position…

Why is it worth considering offshore software development teams? What benefits can they provide?

Before starting a project, you face the following challenge: how to get the best team so that your idea turns into reality in the best possible way? Normally, there are two ways to answer this:

  • You conduct all the necessary operations within your company,
  • You decide to outsource

The last one means the offshore model where you delegate the project to the developers abroad and the development cost is less expensive. In this blog post, we talk about the offshore vs. in-house development differences and the…

Looking for a cost-effective and reliable way to build the product of your dream? An offshore development center is a right choice. Learn about ODC benefits and steps to build it effectively.

What Is an Offshore Development Center (ODC)?

For starters, let’s define the term offshore software development center.

An ODC is a physical space or office abroad with a vast tech expert pool that provides its services for a low cost. To put it simply, you have a dedicated team which is located abroad. Many well-known companies have already built their offshore development centers — for example, Slack, Samsung, Google, and other technology leaders.

Nowadays, the…

Agile offshore development is one of the most powerful approaches for developing high-quality projects. Here are the benefits and challenges of implementing this methodology within the outsourcing team.

In the tech community, the word “Agile” has become synonymous with the concepts of innovation and efficiency. Now that the market speeds are insane, the only way for business managers to keep up with growing user needs is by constantly delivering new features and builds.

Naturally, for the companies that have in-house teams, it might be either to set up processes that go in line with Agile methodologies. …

How to choose a reliable outsourcing company? How to work with an offshore team? Do I need to outsource my project at all? Read on to get the answers!

Since the late 1980’s outsourcing has been a hot trend in the industry. Companies all over the world rely on this approach to manage different areas of their businesses. With today’s technologies and approaches, outsourced agencies become full fledged in-house teams, taking part in the most complex projects and activities of the clients’ companies.

Here are some of the most notable statistics for the outsourcing market:

IT jobs are the most commonly outsourced ones among the SMEs.

By 2024 the IT outsourcing market is predicted to grow by $98 billion globally.

About 300,000 jobs get outsourced out of the US…

In the ever-changing world of retail and e-commerce, adaptability is everything — and 2020 is clear proof of that. With the pandemic rolling on, businesses who were able to adjust their pricing strategy, stocks, and staffing in advance have been able to stand the storm relatively well.

The ability to forecast sales and demand, in this case, is an essential practice, without which it would have been almost impossible to adapt and answer the question ‘Will this product sell?’. In this article, we will try to shed some light on the subject and provide more information on what demand forecasting…

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