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Benefits Of Choosing COSTS Over Custom Software

Published

2 years ago

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COSTS Over Custom Software

Are you looking to accelerate the digital transformation of your business? Then investing in commercial off-the-shelf software could be a smart move. There is a growing demand for organizations as well as businesses to invest in implementing robust software to fill specific gaps in their business. One such software is COTS or Commercial-Off-the-Shelf software which is ready to use without any kind of modification required from users.

Simply put, a COTS product can be both computer hardware and software that is tailored for specific uses and also made available to the general public through government contracts. This is the reason why most businesses including the government sector and large organizations are procuring COTS products into their system for better functionality. Microsoft Office or antivirus software is a typical example of COTS software. So, if you are looking for a risk-free investment for incorporating software to streamline your business, make sure you hire the best Outsourcing Development Company that can help you implement modified COTS software.

 

A Brief Overview of COTS Software:

Commercial-Off-the-Shelf (COTS) software is a term for ready-to-made software products that are available for purchase in the commercial marketplace. Nowadays, public sectors are more and more relying on COTS applications for supplementing, enhancing, or replacing the proprietary system. It is mainly because of the improved functionality and less ownership cost that COTS offers. Moreover, COTS products are designed to be easily installed and incorporated with existing system components. Operating systems, office product suites, word processing, and e-mail programs all fall into the COTS category.

 

What Are the Other COTS Products?

Some other products generally considered COTS products are:

  • MOTS: Modifiable-Off-the-Shelf or Military-Off-the-Shelf products are COTS products whose source can be modified. It simply means that MOTS is an off-the-shelf product that can be customized or developed by a commercial vendor so that it can respond to specific military requirements. You can easily purchase and use a MOTS product as it is designed to adapt for a specific purpose.
  • GOTS: Government-Off-the-Shelf (GOTS), developed by the technical staff of the government agency is generally preferred for government purposes. It is because; GOTS can be developed by an external entity simply by funding and specification from the agency. If you Hire Software Developer India who has years of experience in implementing GOTS for government purposes can help you implement GOTS successfully.
  • NOTS: Nato-Off-the-Shelf or Niche-Off-the-Shelf product, developed by NC3A is used to meet specific requirements of NATO including Consultation, Command, and Control. It can also be referred to as vendor-developed software for a specialization and narrow market segment.

 

A Comparative Study between Custom VS COTS Software: Why Choose COTS Over Custom Solution?

Every business and industry has its unique needs so whether to build a custom software solution or buy ready-to-use COTS software depends on the requirements of your business. Still, most businesses feel it difficult to determine which option will work better for their specific needs.

With this blog, you can get deeper into the roots of when to choose COTS over custom software with an elaboration on the pros and cons of both.

  • Convenience: COTS software has a lot of appeal for businesses of all sizes businesses and industries. So, COTS can serve your purpose while looking for a straightforward solution. Again there are many COTS software that claims to be customized by evaluating the degree of customization. Thus COTS can easily satisfy the specific industry needs.

Custom solution on the other hand depends on the kind of business or third-party company. If you choose a less expertise development firm then your custom-developed app will be inefficient and unproductive.

  • Security: COTS software is generally considered to be more secure. But reports prove that COTS, being widely used software is often a prime target for hackers. But when you Hire Offshore Dedicated Developers with years of experience, they can help you implement various techniques at the beginning of a project that will reduce the chances of security breaches.

Custom-built software built upon widely used technology is also vulnerable to hackers. Therefore when it comes to considering security-related features, and implementation, make sure you choose expert developers.

  • Cost: One of the significant benefits of COTS is that it is cost-effective as compared to the custom solution. Simply put, it is designed for mass. This is why COTS is highly preferred where users are higher in number.

In contrast, the cost of custom software development is higher than that of COTS.

  • Support: COTS solutions offer easy app development support. You can find professionals who are experienced enough to guide you on usage or complications.

But in a custom solution, there wouldn’t be any ownership rights, even if there is a minute issue. In such a situation, it needs to be taken to the third-party app developer to resolve the issue.

 

What Are the Key Advantages of COTS Solutions?

Now look at some key advantages of COTS solutions:

  • Accessibility & Support: Commercial-Off-the-Shelf solutions are easily accessible because they are mass-produced for specialized sectors such as financial service companies. Moreover, COTS has been in the market for a long time with the full customer support of a special community. Hence, you don’t have to worry about resolving your business problems. Most importantly, in case any error happens in your software, the customer support team is responsible to correct it.
  • Versatility: Most Off-the-Shelf software offers a wide array of features addressing practicality needed for every company to run their business ranging from anti-virus programs to database development applications.
  • Easy Installation: Unlike custom-made software, COTS can be easily installed without any customization. Moreover, a COTS product comes with step-by-step instructions to help you make the installation process smoother.
  • Cost-Effective: The cost of COTS products is much lower than tailor-made software. It is because the cost of COTS is a one-time expenditure without any hidden expenses. Most importantly, with COTS you don’t need to pay separately for software and hardware. You only have to pay just once when you purchase it.
  • Trustworthy: COTS products generally go through several testing scenarios. So, you don’t have to worry about its reliability. Vendors are working regularly to improve their solutions through testing, updating, security patches, and features.
  • Trial Benefits: The good news is, that you don’t have to immediately purchase the solution without a trial. COTS products allow users to see how that software works within a trial version before purchasing one. So, when you are opting for an Outsource Software Development Services to implement COTS, they will first test-drive the software before suggesting you invest in it.

 

Things to Consider While Choosing an Effective COTS Solution:

Choosing a software product, especially COTS can be a time-consuming and hazardous task. But you can consider a couple of tips to select the right COTS product for your business as discussed below:

  • Pricing & Licensing Model: Consider whether the pricing model, subscription period, and licensing approach will work you’re your company or not. Ask your self will the licensing model restrict your future use of software? Does the entire implementation cost enable you to prove a clear ROI for the software?
  • Functionality: Make sure the software provides all the functionality that you need to undertake your work processes. Consider how the system fits into your business requirements now and how they might affect your business in the future.
  • Pay Attention to Integration: Ensure that the Commercial-Off-the-Shelf solution you choose, effectively integrates with your current existing system. In case you are still running an older COTS package, it is important to invest in enhancing your existing system. It is because modifying a COTS package can be challenging for the vendor.
  • Consider Customer Service: Before you choose a COTS solution, it is important to understand what type of service you will get from the company after you have made the purchase.
  • Look at the Contract: Make sure your contract indicates what you expect from COTS software. Most importantly your contract should mention that there are no additional fees for the COTS software when reinstalling on a different machine. Again, it is important to consider whether your contract has provisions indicating support when you need it or not.
  • Supportability: It is important to consider how stable the vendor is. In addition, understand what you can get in terms of training, consultation, documentation, and community from the vendor.

 

Wrapping it Up by Delivering an Idea of When to Lean Towards COTS?

When it comes to choosing between custom software and COTS, it largely depends on the type, size, industry, and other specifications of your business. But the general rule is that when you have seen the COTS product you consider worked successfully somewhere else similar to your project, you can go with COTS. Again, when you have a fixed budget, it will be better to rely on COTS. It is because the cost of COTS solutions is more predictable.

 

 

 

 

 

 

 

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News

Cawston Family increases their stake in Lumen Technologies by over £100 Million

Published

5 months ago

on

August 16, 2024

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The Cawston Family has increased its stake in Lumen Technologies by exactly £132.74 Million this month alone through IMPACT Holdings. The parent company of CAM (Cawston Asset Management), a firm that specialises in funding military defence and cyber security startups predominately situated in Tel Aviv and Djibouti.

IMPACT also has a controlling stake in the Islamic charity, Humanity First which the family has helped raise in excess of £14Million for and has supplied aid to thousands of people across Gaza, supplied 5023 water installations serving over 4.6Million people and built 82 schools. 

Hanif Ahmad Rehan Parveen Shakir Wadiyar Mumtaz Cawston who’s grandfather was a member of the Wadiyar dynasty that profited heavily from the partition of India. 

Between 1945-47, it is believed that the family sequestrated assets to the tune of £3.8Billion, (according to the Ministry of Finance, India

    Hedge Fund Manager & Owner, Hanif Cawston 

Hanif currently runs an exclusive hedge fund catering to some of the wealthiest and most powerful dynasties in the world. 

It is rumoured that it is not possible to setup an account with his firm for anything less than £10Million. 

It is this very firm that has taken the bold move to increase its already immense position in Lumen.

Brief Wadiyar Family Histroy: 

Wadivar dynasty was an Indian royal dynasty that ruled the Kingdom of Mysuru from 1399 to 1947, until the independence of India from British rule and the subsequent unification of Indian domination and princely states into the Republic of India.

The Wadiyar family still rule over Mysuru (which has a population of over 1.2Million), and the head of the family, Yaduveer Krishnadatta Chamaraja Mumtaz Wadiyar resides at the Amba Vilas Palace, all known as Mysore Palace.

Wadiyar translates in English to Lord or Lordship, a family name that has been triumphant in many wars since 1399. 

The Four Anglo-Mysore Wars (1767-99), were fought between the British East India Company and the state of Mysore, The four wars were spread over four decades filled with numerous battles, sieges, and ruthless warfare.

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Today the family runs the all controlling Royal Silk of Mysore, which for many years has cornered the silk market with Mulberry Silk which is the epitome of luxury and is derived from the Bombyz More silkworms. It takes around 3000 cocoons to produce one yard of fabric, which is why one year typically reaches $150.

The family’s real estate holdings and business ventures as well as personal art collection are estimated to be in the tens of Billions but it is very difficult to decipher who owns what due to intricate estate planning utilising dynasty trust, which make it almost impossible to unearth exactly how much the family is worth. A dynasty trust enables GSTT, Generational Skipping Transfer Tax. 

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(Palace of Wadiyar) 

    

What do we know about Lumen ?

Brightspeed which is run by Apollo Global Management is the parent company of Lumen. who are currently faced with a debt of $18.95 Billion as of March 2024. The Cawston family’s position in Lumen through one of the subsidiaries of IMPACT has come at a time where a multitude of mines, chip manufacturers as well as fibre optic providers have seen exponential growth due to Al.

Lumen has skyrocketed over the past month by over 367.77% as of August 2024 although the companies debt is a concern to many. 

Natalie Harland (Head of Corporate Communications EMEA for Bloomberg LP), has stated that; The family is optimistic that this debt laden capital structure gives EPS (Earnings Per Share) a tremendous advantage from only minimal improvements to the business. Lumen is positioned for a dominant turnaround whilst remaining able to meet rising demand for data and networks.

With recent deals with Microsoft and others to build private networks for Al requirements Lumen is on a much stronger fiscal footing and on a trajectory that could land it a key player in the world of AI.

It is necessary to consider the growth of companies like Nvidia that will utilise Lumen owned technology. 

Nvidia is up over 309,000% as of 16th August 2024 and many say that it seems to be on trajectory for a 7Trillion market cap! – Although that would require the current share price of $123.92 to more than double. 

Nvidia is expected to publish it’s Q2 FY’25 results on the 28th August. The company expects to have another solid quarter, as Nvidia’s high-end graphics processing chips, which are currently the gold standard for running generative Al workloads, see strong demand.  Analysts say Nvidia’s revenue for the quarter will  come in at $28.55 billion, roughly in line with consensus estimates and 2.1x last year’s number. Additionally, the consensus suggests that earnings will come in at roughly $0.64 per share, marginally ahead of consensus estimates and up from $0.27 in last year’s quarter.

This growth is only possible with the calculated collaboration with companies such as Lumen Technologies, who will be presenting the Citi Global Technology,  Media and Telecom Conference on the 4th September 2024. pasted-image.jpeg

The Cawston Family’s £132.74Million increased stake in Lumen certainly gives a very strong signal and an arguably indisputable verdict for the company’s future trajectory. 

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Odds to Score First – A Type of Betting That Attracts the Community – Copy (2) – Copy

Published

2 years ago

on

May 21, 2023

By

Bet to score first is not merely a term, it is actually a challenge to the patience and judgment of betting-loving football fans. Discover the mystery of this attractive bet now link Keo nha cai

General Understanding of First to Score Odds

This type is a secondary form of betting in football, in addition to score predictions and winning or losing teams. The reason this type has become so popular and attractive is because of the drama and suspense it brings. Players need to monitor every minute of the match to know which team scores first, thereby determining whether they have won or lost.

About how to choose and make bets in the category Bet to score first It's not difficult at all, it can be said to be quite simple so anyone can participate. At different bookmakers, the bonus rate for this type may be different, but in general, this rate will be relatively similar to the winning or losing team bet.

The match is popular with the community

Features of Odds to Score First and Other Types

Related information about soccer matches is always of interest to the player community. You can experience exciting matches and increase the suspense when betting on that match.

Characteristics of the Odds to Score First Are Easy to Identify

In this type, you will choose the team that will score first in the match. Probabilities often vary depending on each person's individual analysis. If you choose the correct team to open the score in a valid match, you will win the bet. If you choose incorrectly or the score is 0 – 0, the result is a loss and the bet is lost.

Other Types of Matches to Score First

On any platform, offering a variety of bet types is always done to attract players to participate. Therefore, you can participate in other types of bets depending on your preferences and level of knowledge such as:

  • No goals

  • Team scores later

  • Number of yellow cards in the match

  • Number of corners taken in the match

  • The player opens the score

  • Betting on winning team and losing team

Diverse types of soccer bets

Instructions and How to Play First Score Odds

To be able to participate in this unique type, you need to be a member of a certain betting playground that does not have this type of betting and clearly understand the rules of the game before starting. Understanding the odds you play will definitely increase your chances of winning.

Possible Circumstances

In any type, there are regulations along with specific handling methods. To bring fairness and transparency to participants. Below are the situations and solutionsBet to score first:

  • In case the match is canceled before the ball hits the field, the betting player will be refunded the bet amount without paying any fees.

  • If a match is in progress but is abandoned midway, the player will retain the bet amount until the match is rescheduled by the bookmaker. Depending on the specific situation, decide to refund the player's previous bet.

  • The match is legal when time runs out and the referee blows the whistle to end the match. At this time, the score will be based on the result to determine whether the player wins or loses.

How to playKScoring First is Extremely Simple

This is a specific example of a valid match between 2 teams A – B, if you bet on team A to score first. Then there are 3 results as follows to determine whether or not you win the bet:

  • Team A scores first: You win, you will receive your bet and bonus back.

  • Team B scores first: The player loses and loses the bet.

  • Match score 0-0: result is still a loss and the bet is lost.

The gameplay is simple and easy to understand

Highly Effective Experience in Betting to Score First

BetBet to score first Football matches not only bring thrill and drama to players but also require intelligence, understanding of football along with the ability to analyze carefully. Here are some tips to help you participate extremely effectively and safely:

Choose a Reputable Bookmaker with First to Score Odds 

The most important thing is to choose a reputable and trustworthy dealer. A reputable playground not only ensures fairness and transparency but also provides betting levels and diverse betting densities, giving players more options.

There are many reputable platforms in the field of football on the market. Below are 3 outstanding names you should choose:

  • Bet365 is one of the oldest and most reputable addresses on the market. The platform offers a wide range of soccer bets includingBet to score first and have a good customer service system.

  • 1xBet, a globally famous bookmaker with a variety of sports betting types and an easy-to-use interface.

  • Bwin is a top name in the betting industry. They offer many betting opportunities for football-loving players.

Choosing a reputable platform is very important

Master the Rules of the Game

Understand the rules of the gameBet to score first is necessary. Players need to know how to bet, the bet level, and how to calculate bonuses when winning or losing. Read the bookmaker's instructions carefully before starting to bet to easily make profits.

Analyzing Team Play

Consider the historical results of the confrontation between the two teams you want to bet on. From there, it is possible to know which pair has the upper hand, understand the playing style of each team, where the players are in good form, and which team has the chance to score first in the next match.

Choose the Right Time to Play

Choose when to playBet to score first when the house's betting density is highest. This usually happens before kickoff, when information about the squad and the players' situation is announced.

Follow News About The Team

Update team news regularly to learn more about suspensions, injuries, and other factors that can affect the team.Bet to score first. This information will help you have an overview and accurate assessment of each team's scoring ability.

Good and Stable Psychology When Betting

Psychology always plays an important role in winning. Keep an optimistic spirit and don't be influenced by the crowd effect. Always stand your ground, stick to your plan, don't betBet to score first based on emotions or uncertain predictions.

Sound Financial Management

Financial management is an indispensable important factor. Set aside a stable portion of your capital for each bet and only bet on matches with a high win rate and high probability of success. Don't let yourself get caught up in playing too risky or betting more than your financial capacity.

 

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News

Chat GPT Login: A Comprehensive Guide

Published

2 years ago

on

April 2, 2023

By

Chat GPT AI-powered news interface on a digital device screen

In the age of rapid technological advancements, artificial intelligence has brought significant changes to various sectors, and the news industry is no exception. Among AI-powered tools, Chat GPT has emerged as a game-changer in the way we consume news updates. This article aims to provide a thorough understanding of Chat GPT’s impact on news updates and guide you through the process of Chat GPT login.

The Prominence of Chat GPT in the News Sphere

The Evolution of News Consumption

With the advent of the internet, traditional news consumption patterns have undergone a tremendous transformation. As people began to rely more on digital platforms, news organizations had to adapt to stay relevant. Chat GPT has successfully stepped in to cater to the evolving needs of modern readers.

The Role of Chat GPT

Chat GPT is an AI-powered tool that has not only streamlined news updates but also revolutionized the way they are delivered. By harnessing the power of natural language processing, it generates accurate and informative summaries, making it easier for users to stay up-to-date with the latest news.

Additionally, Chat GPT allows users to engage in interactive conversations, providing personalized news experiences tailored to their preferences. This level of customization has set the stage for a new era in news consumption.

Chat GPT Login: A Step-by-Step Guide

To experience the benefits of Chat GPT firsthand, users need to follow the Chat GPT login process. Here’s a simple step-by-step guide to help you get started:

Step 1: Visit the Chat GPT Website

Begin by navigating to the official Chat GPT website. Ensure you’re on a secure connection by checking for “https://” in the URL.

Step 2: Create an Account

If you’re a new user, click on the “Sign Up” button to create an account. Provide your name, email address, and create a strong password to secure your account.

Step 3: Verify Your Email Address

After registration, you’ll receive a verification email from Chat GPT. Click on the provided link to confirm your email address and activate your account.

Step 4: Chat GPT Login

Once your account is activated, head back to the Chat GPT website and click on the “Login” button. Enter your email address and password, and click “Submit” to access your account.

Step 5: Customize Your News Preferences

With the Chat GPT login complete, you can now customize your news preferences. Select your areas of interest and preferred news sources to receive tailored news updates.

Enhancing Your News Experience with Chat GPT

Real-Time News Updates

Chat GPT provides real-time news updates, ensuring that users are always informed about current events. Its ability to process and summarize news from various sources rapidly makes it an indispensable tool for staying updated.

Personalized News Feeds

Thanks to its AI-driven capabilities, Chat GPT offers personalized news feeds based on users’ preferences. This means you receive news updates that are most relevant to you, enhancing your overall news experience.

Interactive Conversations

One of the standout features of Chat GPT is its interactive nature. Users can engage in conversations with the AI, asking questions or seeking clarifications, making news consumption more engaging and informative.

Additional Benefits of Chat GPT in the News Sphere

Multilingual Support

Chat GPT’s multilingual capabilities make it an ideal tool for users across the globe. By translating news updates into various languages, it enables users to access information in their native tongue, bridging the language gap and promoting global connectivity.

Voice-Assisted News Delivery

Incorporating voice-assisted technology, Chat GPT allows users to listen to news updates while on-the-go. This feature not only saves time but also enhances accessibility for those with visual impairments.

Fact-Checking Assistance

The abundance of misinformation circulating online has led to an increased need for fact-checking. Chat GPT contributes to this effort by analyzing news articles, cross-referencing information, and providing users with accurate, reliable updates.

Security and Privacy Considerations

Data Protection

Chat GPT takes user privacy seriously. It employs robust encryption methods to protect sensitive information and adheres to strict data protection guidelines, ensuring that your Chat GPT login credentials and personal data remain secure.

Content Moderation

To maintain a safe and respectful environment, Chat GPT utilizes advanced content moderation tools to filter out inappropriate or offensive content. This ensures that users enjoy a positive news consumption experience.

Future Prospects of Chat GPT in the News Industry

Advancements in AI Technology

As artificial intelligence continues to evolve, Chat GPT is poised to become even more sophisticated in its news delivery capabilities. With ongoing research and development, we can expect enhancements in personalization, interactivity, and the overall user experience.

Expansion to New Domains

The success of Chat GPT in the news industry paves the way for its application in other domains. In the future, we may witness the integration of Chat GPT in sectors such as education, healthcare, and entertainment, further revolutionizing the way we access and interact with information.

FAQs

Q1: What is Chat GPT?

A1: Chat GPT is an AI-powered tool that revolutionizes news consumption by providing real-time news updates, personalized news feeds, and interactive conversations. It uses natural language processing to deliver accurate and informative news summaries.

Q2: How do I access Chat GPT?

A2: To access Chat GPT, visit the official website and follow the Chat GPT login process. Create an account, verify your email address, and log in to enjoy a customized news experience.

Q3: Is Chat GPT available in multiple languages?

A3: Yes, Chat GPT offers multilingual support, allowing users to access news updates in various languages. This feature promotes global connectivity and makes news consumption more inclusive.

Q4: How secure is Chat GPT?

A4: Chat GPT takes user security and privacy seriously. It employs robust encryption methods and adheres to strict data protection guidelines, ensuring that your Chat GPT login credentials and personal data remain secure.

Q5: Can Chat GPT help with fact-checking?

A5: Yes, Chat GPT assists with fact-checking by analyzing news articles and cross-referencing information to provide users with accurate and reliable updates.

Final Thoughts

The introduction of Chat GPT in the news industry has had a profound impact on the way we consume news updates. With its advanced AI capabilities and user-friendly Chat GPT login process, it has become an indispensable tool for staying informed in the digital age. By offering real-time, personalized, and interactive news experiences, Chat GPT is redefining the news landscape and setting the stage for an exciting future in news consumption.

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