Earlier this month, CAST sponsored IWSM Mensura 2016 in Berlin, hosting software measurement professionals and researchers from all over the world to discuss maximizing the value of data. With digitalization trends, there is more data than ever before in software applications and systems, and that data is expected to drive business value. Software measurement is the key to making this data actionable.
Fintech is the hot new thing. It’s the industry that will carry the UK through Brexit. It’s the latest wave of startup mania in NYC. It’s becoming the darling of Silicon Valley. Chinese tech investors are all over it. It’s fresh. It’s sexy. But, wait a minute. What is Fintech?
Recently I attended MIT’s Fintech conference (#MITFinTech). We heard Brad Peterson, CIO of NASDAQ, talk about his firm as the original Fintech founded 45 years ago. Brad told us that NASDAQ no longer thinks of itself as an exchange, but as a Fintech company. A couple MIT professors told us there are 1800 Fintech companies out there today, and that number is quickly growing. There are some that promote robo-advisors as autonomous correctors for investor freak-out during volatile markets, and others that collect live market data from the web in order to predict real economic indicators, as opposed to statistics collected by government technocrats. Blockchain, we were told, is like the Internet was back in 1993.
John Chang, Head of Solution Design, CAST Software at QAI QUEST, 2016
Recently I had the pleasure of speaking at QAI QUEST 2016, which showcases the latest techniques for software quality measurement and testing. It was a content-rich program with more than three days of diving deep into issues like DevOps, Open Source, Security Mobile and more. But what struck me the most above all the event chatter is that even the brightest of companies are still having a difficult time identifying and fixing code quality errors.
During my keynote, I spoke about the perils of system-level defects and how these defects, when they go undetected, can completely ruin ingenious application development strategies. There are two key reason these bugs persist: decentralized development practices and a lack of automated code review standards.
IT leaders from throughout the federal government discussed the value of how software measurement can positively impact their development process at CAST’s recent Cyber Risk Measurement Workshop in Arlington, VA – just outside of the Washington, D.C. area. The event brought together more than 40 IT leaders from several governmental agencies, including the Department of Defense and Department of State, system integrators and other related organizations. The group shared their experiences in how their respective organizations are driving value to end users and taxpayers.
Measuring and managing software quality is not just about compliance with government mandates, but rather around the proposition that strong software quality, security and sustainability are paramount. However, compliance remains essential. Three primary points around software compliance voiced by attendees were:
Government mandates point to the fact that software must have a measurement component
Industry standards, such as the Consortium for IT Software Quality (CISQ) and The Object Management Group (OMG) are available and should be leveraged
Technology solutions exist to help public sector firms address these mandates
All businesses recognize the importance of developing software within a budget. But how do you put together that IT budget in the first place? CAST has worked with a successful CIO to create a guideline of best practices (>Click Here To Download It<). Saad Ayub, formerly CIO at Scholastic and The Hartford, suggests nine ways analytics supports better IT budgets.
We’re sure that by now, you’ve seen all of the stories about last week’s computer turmoil at the New York Stock Exchange, United Airlines, the Wall Street Journal, and TD Ameritrade. And as a top-level executive you’ve probably launched an internal review, or at least asked yourself, “Could it happen here?”
The simple answer is, unfortunately, “yes, it most definitely could.”