CIO Bulletin

Providing outsourcing and staff augmentation services by gaining access to over 1500+ high quality in-house developers and first-class R&D services worldwide: Fayrix Software

Say, your company develops enterprise accounting software and you have quite a number of valuable clients in this industry. One of the clients asks you to develop a mobile app for them, but this is not what you specialize in. Learning and trying may be too long, expensive and even dangerous for your reputation, in case the client is not satisfied with the work and decides to leave you. Choose to outsource and keep your clients safe. When you don't have enough qualified management resources to take control of the army of QA engineers and developers, who you need to produce your product. Poor IT management may result in doubled production costs. To avoid this, you'd better outsource production with pre-defined costs and guaranteed risk level.

IT outsourcing agencies usually have an impressive project portfolio. If the contactor works with a number of clients, the only way to retain and satisfy them all is to use cutting-edge technologies. This means that such people are qualified and can bring the latest approaches and technologies to your employees, thus increasing overall innovation level in your company. Assume, you need to roll out new server software. You don't want to hire a full-time expensive specialist, who will only perform this task. You will either have to switch him to other regular tasks or fire afterwards, having invested in his recruiting, onboarding and learning. Outsourcing such task is a way to go. For instance, while implementing a project, the scope of work unexpectedly increased or one of your key employees left you. To be able to meet the deadline, you urgently need a particular highly-qualified specialist in your team. As a rule it is time-consuming and sometimes tricky to recruit a real talent. Virtual software development team will be a great support in this situation. You ask for a particular developer with proven project expertise and occupy him as much and as long as you need.

Fayrix Software is a young brand, emerged in a chain of merges and acquisitions in 2017, but the company actually started its IT business back in 2005, having accumulated one of the largest IT human resource capital in Eastern Europe. Fayrix is 100% flexible and can offer its client from renting a single specific developer to building a whole offshore development center. Fayrix has been specifically created to bring IT innovation to traditional commercial processes of IT companies. Because Fayrix is 100% online in terms of sales and marketing, Fayrix does not have any travel, representative or rental costs. This saves Fayrix’s budgets and allows it to offer the most competitive rates, preserving the highest level of services provided, again confirming that Fayrix is the most innovative and digitally-advanced project. At the same time, cooperating with Fayrix does not incur the same risks as working with a freelancer. All Fayrix’s processes are well-established; developers are properly-managed, motivated, and comfortable with their colleagues and friends in office every day.

Sales & Demand?

Demand forecasting in terms of predictive analytics can be applied to any business area and industry, as mathematical methods and engineering approaches are the same regardless of industry specialization. Sales and demand are typically forecasted by methods of linear regression, gradient boosting with decision trees or recurrent neural networks based on historical data and some additional data on environment (weather conditions, market situation, and currency exchange rates).

While pre-processing data, a number of statistical metrics on historical demand levels during a few distorical periods are calculated. If demand is typically seasonal, the Data Science solution needs to take into account data for a few latest seasons. For example in case of forecasting intra-yearly seasonality, it is better to analyse data for 3 preceding years. Business quite often does not have any historical data on product demand, for example, if the product is new or was not selling an the selected point of sale. In this case the predictive model uses generic statistics on similar product category. Products can be grouped differently depending on the industry and business area, for example by purpose, material, manufacturer, expiration date etc. Proper goods grouping are crucial for building a forecasting model of a high quality.

Text & Image recognition

One of the key aspects in computer vision discipline is image recognition.

The main challenge in image recognition is to match particular visual data with some predefined classes. Such technology solutions are essential for various business areas ranging from processing simple digital images to automated interpretation of medical and military devices.

Back-end development

The back end of a website consists of a server, an application, and a database. A back-end developer builds and maintains the technology that powers those components which, together, enable the user-facing side of the website to even exist in the first place. In order to make the server, application, and database communicate with each other, back-end devs use server-side languages like PHP, Ruby, Python, Java, and .Net to build an application, and tools like MySQL, Oracle, and SQL Server to find, save, or change data and serve it back to the user in front-end code. At Fayrix they have a great experience in back-end development that you can check - from developing mobile platforms to building an advanced solution to manage the whole cycle of education process at schools.

Can be used for:
- Android applications. Despite the active growth of Kotlin, Java is still the de facto main language of Android applications. Thus, all Java developers can very easily become Android programmers. Although Android uses the Android SDK instead of the JDK, however, the code is written in Java.
- Software products. Among other important things, Java was used to create Eclipse, OpenOffice, Gmail, Atlassian and others.
- Financial programs. Java is one of the most sought-after languages in financial industry. It is used to create reliable, fast and simple websites both on the server side and on the client side.
- POS. Many companies are using Java to create PoS systems, since their creation usually requires cross-platform and an extensive staff of specialists.
- Trading systems. One of the popular bank management program for front-end and feedback Murex was also written in Java.
- Big Data Software. What is more Hadoop was written in Java. Scala, Kafka and Spark use the JVM. In addition, Java provides access to many proven libraries, debugging and monitoring tools.

Ofer Zvi, Director