The Power of Data, Sora AI, Microsoft’s Massive Investment on AI & more
Hi there!?
Welcome to This Month in Tech, your quick dive into the tech universe - by NaNLABS. ??
Wow, February passed by so fast! Almost as fast as a Tokyo-Las Vegas flight on a Super Bowl day! ??
Let’s dive into this month’s Tech marvels!?
What’s Trending in February ??
Did you know we’ve celebrated data 10 times since the beginning of the year? Yes, that’s right, ten times. ??
It all started with Data Privacy Week in January. During five days, the global community highlighted the importance of protecting data and fostering best practices. ??
Then, in February, we celebrated Love Data Week—another five days dedicated to acknowledging all facets of data and the experts mastering data, a.k.a. data superheroes. ??
At the heart of our tech universe, data provides valuable insights for business. But before extracting actionable insights from it, data must be collected, stored, and structured.
Here is the thing: the process can be time-consuming and costly when the solutions don’t match the technical needs.??
Let’s take storage, for instance. Storage choices are crucial as they impact data accessibility, security, and overall speed. While Cloud storage solutions are popular, it’s essential to consider the type of database you need, the database itself, and whether or not to combine it with the Cloud. Ultimately, it all comes down to your needs.
Are you getting the best out of your data? One of our clients was not, and it prevented them from scaling. The nemeses? A platform with high technical debt and an unsuitable database. The solution was to move the platform to a database that would fit their needs while ensuring low downtime. Check out the comprehensive Success Story for more details!?
Alright, the world doesn't revolve around data (or does it?). Let's catch up on what's been happening lately in other realms of the tech universe. ??
Quick Glimpse into the Latest Tech News ??
Should Hollywood worry about Sora AI? Probably not (for now, at least). While OpenAI’s Sora AI model can produce complex videos from prompts, it struggles with physics and space details. Source: OpenAI.
Breaking news: AI models can’t hold patents! It’s official! The United States Patent and Trademark Office (USPTO) explained that while AI models can play a role in the conception of inventions, only humans can hold patents. Source: ARSTechnica.?
3.2 billion Euros: That’s how much Microsoft invested in Germany to develop AI & Cloud capabilities and train 1.2 million people for tech jobs. This strategic move could reinforce the company’s competitiveness in Europe. Source: CIO.?
Crafting Quality Software with NaNLABS ??
In our digitalized universe, everything happens fast - The FIash kind of speed. ??
For any business, speed is vital to competitiveness. The same goes for software development. When building a new software product, it’s crucial to launch it ASAP to get a competitive advantage.?
The question is, how fast should we go??
When you think about it, the faster you want to build something, the more resources you’ll need, or the more shortcuts you’ll take. Both are costly, ultimately, and the quick-fix solutions are often unmaintainable. So, while you might cross the finish line first, you’ll probably never be able to run again.??
?As your tech sidekick, I’d say that it’s all about balancing speed and quality.
Yes, speed is critical. But so is quality. You need to launch your product to market in a short amount of time to gather user feedback. But to actually act on it and integrate it, you need to be able to iterate and add new features to your product.?
Although this dilemma usually occurs in software development, it’s particularly tricky for MVP Development. But here are 6 key elements to consider for balancing speed and quality effectively:?
Looking for a trusty development partner to support you on your tech journey? We might be the sidekick you need! Let’s hop on a call to discuss your business needs! ??