In the News | Solace

The tech-merger made in retail heaven: Where AI meets IoT to deliver retailers real-time insights inside and outside the store

The tech-merger made in retail heaven: Where AI meets IoT to deliver retailers real-time insights inside and outside the store

August 27, 2024

In this bylined article, Edward Funnekotter, Chief Architect and AI Officer at Solace explores how pairing AI with data from IoT devices, underpinned with an event-enabled approach, is changing the way retailers do retail – from the shop floor, to understanding customer experiences, to optimizing stock levels in the warehouse.

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Banking on Generative AI for a productivity windfall

Banking on Generative AI for a productivity windfall

August 12, 2024

The advantages of Generative AI hold immense promise for the banking industry, with the technology set to generate between $200 billion to $340 billion in value, influencing every financial service institution (FSI). But aged, heavily-customized technology architectures with poor data flows present a serious roadblock to Gen-AI helping employees, enhancing technology implementations, and planting the seeds for wider innovation. This article, penned by Solace VP Floyd Davis, explains how an event-driven approach to their technology architecture will help banks reap the groundbreaking benefits of Generative AI.

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Data Transformation: the lifeline for legacy banks in the neo-bank era

July 31, 2024

The financial sector is undergoing a seismic shift. New, digitally-native challenger banks, or neo-banks, are rapidly capturing market share with their sleek interfaces, agile processes, and data-driven approach. To survive and thrive in this new landscape, legacy banks must embrace new technologies and leverage their data as their key weapon. In this byline, Solace Distinguished Engineer Tom Fairbairn argues legacy banks that invest in data integration tools and embracing event mesh architecture will help unlock new opportunities, deliver exceptional customer experiences, and secure their place in the ever-evolving financial landscape.

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Seconds Matter: Disrupting the Status Quo of Money

July 17, 2024

The financial landscape is undergoing a significant transformation, driven by the rapid adoption of digital technologies and the growing demand for faster, more efficient payment solutions. As the demand for real-time payments (RTPs) surges, this article by Solace Distinguished Engineer Tom Fairbairn details how financial institutions and businesses must embrace real-time data platforms in order to stay competitive, and truly capitalize on the transformative potential of RTPs.

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Modernising banks with event-driven data integration and AI

July 12, 2024

The intersection of generative AI and banking is not just a technological convergence; it’s a revolution that is reshaping customer experiences, enhancing employee productivity, and propelling the industry into an era of unprecedented innovation. However, to fully harness the transformative power of generative AI, banks must move beyond traditional data handling methods and adopt more dynamic and responsive architectures. By embracing an event-driven approach supported by EDA, banks can ensure timely and accurate AI analyses, maintain data reliability, and quickly disseminate actionable insights.

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To Ensure Competitive Real-Time Hedge Fund Trading, Make Every Microsecond Count

To Ensure Competitive Real-Time Hedge Fund Trading, Make Every Microsecond Count

July 04, 2024

Prices in financial markets can change in the blink of an eye, so the ability to execute trades faster than competitors unlocks huge competitive edge. That demands a high functioning tech stack and an infrastructure to match a 24x6 global trading system. In this article, Himanshu Gupta, Senior Architect, Capital Markets at Solace, argues infrastructure is the critical differentiator in high performance hedge fund trading.

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Event Mesh Networks Explained: What They Are and How They Enhance Operational Efficiency

Event Mesh Networks Explained: What They Are and How They Enhance Operational Efficiency

July 03, 2024

In this episode of the Asia Tech Podcast, ⁠Sumeet Puri⁠, Chief Technology Solutions Officer at ⁠Solace⁠, shares deep insights on the transformative power of real-time data and event-driven architecture. He explains how advancements in network and computing capabilities have enabled industries to transition from traditional data handling to real-time data processing.

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How retailers can meet ESG mandates with event-driven architecture

How retailers can meet ESG mandates with event-driven architecture

July 03, 2024

Retailers, from grocers to sellers of fast-moving consumer goods, fashion, specialty stores and more, are under increasing pressure from customers and regulators to embed sustainable initiatives into their supply chain operations. However, a major hurdle for the larger retail firms to reach any ESG goals is that their supply chains, manufacturing, stores and deliveries are hugely complex, vulnerable to disruptions and siloing of data. This byline outlines how retail industries can achieve success if they properly reset their strategic approach to data gathering and movement.

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Breaking Free from Data Paralysis: The Insurance Industry’s Modernisation Imperative

Breaking Free from Data Paralysis: The Insurance Industry’s Modernisation Imperative

June 18, 2024

The insurance industry finds itself at a critical juncture. A data revolution, given higher priority across boards by the promises of AI and LLMs, paints a future brimming with personalised products, proactive risk management, and a dynamic customer experience.However, a crippling “data paralysis”, caused in part by outdated legacy systems, hinders their ability to unlock this potential. This article explores how insurance companies can turn to an event-driven strategy to help break down information silos, enable better digital experiences for customers and employees, and simplify the task of integrating their systems and data.

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Your Event-driven Apps are only as good as your event broker

Your Event-driven Apps are only as good as your event broker

May 30, 2024

Event-driven architecture is becoming pervasive among enterprises that want to power time-sensitive applications, business processes, and insights at scale. However, achieving your desired outcome with EDA often depends on your choice of event broker. In this "Best Practices" article, Solace CTO/CPO Shawn McAllister explains that not all event brokers are created equal; some are better suited for particular tasks and use cases.

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Automate or Fall Behind

May 17, 2024

Legacy technology represents one of the single largest challenges facing the financial sector – with a complex, disparate and intricate technology stack required to manage various parts of the banking ecosystem. For too long, there has been a perception that this infrastructure is prohibitive in creating operational efficiency and providing seamless customer experiences. However, automation is changing this. This byline examines how banks that embrace automation to consolidate infrastructure, optimise with cloud solutions, and prioritise seamless customer experiences will be well-positioned thrive in this rapidly evolving landscape.

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Port of Singapore: Minimising Disruption using Automation

Port of Singapore: Minimising Disruption using Automation

May 01, 2024

Amid global crises, PSA Singapore’s Tuas Port has streamlined its supply chain by embracing automation and establishing an innovative command centre to oversee operations. In this article, Supply Chain editor-in-chief Tom Chapman speaks with Ho Vee Leung, regional head of IT for southeast Asia at PSA Singapore, to explore how their use of event-driven architecture is helping them on their path to becoming the world’s largest automated container terminal.

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AWS & Google Agree To Drop Cloud Service Exit Fees

AWS & Google Agree To Drop Cloud Service Exit Fees

April 30, 2024

For businesses locked into the digital ecosystems of cloud giants, a significant barrier has fallen. Amazon Web Services (AWS), the world's dominant cloud provider, has followed in Google’s footsteps with the elimination of ‘egress fees' and eliminated the exit charges associated with transferring data out the AWS cloud. These exit fees acted as a financial disincentive for businesses seeking to migrate data or embrace a multi-cloud strategy. In this blog, Solace’s Jamil Ahmed details how the decision by AWS is not simply a change in pricing structure; it's a strategic shift that aligns with recent EU regulations promoting data portability and cloud interoperability.

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Retailers Gain Control of Their Sustainability Goals

Retailers Gain Control of Their Sustainability Goals

April 17, 2024

For retailers with vast global supply chains, managing hundreds of disparate sites from manufacturing, and warehousing, to stores and customer delivery, and having to deal with geo-political and economic issues disrupting the entire chain of events, the prospect of getting an overview of their sustainability impact is, to put it mildly, a challenge. This article explores how retailers can link essential data at speed and scale throughout their ecosystems near and far, to get to grips with the now essential Environmental, Social and Governance (ESG) reporting.

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The Path to EDA is Paved with 5 AI Tech Developments

The Path to EDA is Paved with 5 AI Tech Developments

April 03, 2024

The use of AI is fast becoming the norm for business processes. As the hype around AI continues, costs still rise and staff and skills shortages still increase. Simply implementing AI for the sake of it is not a good business reason, but using AI to transform some key development processes to drive real business value is. In this byline, Edward Funnekotter, Chief Architect and Chief AI Officer at Solace, gives his high five business transformations that would not be possible without AI.

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Maximising event-driven apps with the right broker

April 01, 2024

Implementations of event-driven architecture (EDA) platforms are accelerating. Research shows more and more businesses across all industries are seeing the need to adopt this pattern of application connectivity, to effectively enable modern use cases such as curbside pickup, preventative maintenance of machinery, and digital twinning. At the heart of EDA transformation is the event broker, middleware that routes events and other data between applications, systems, and devices. This article explores how event broker capabilities can vary significantly, making it crucial for organizations to choose the right broker for their unique needs.

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Events at scale

Events at scale

March 20, 2024 German

Event-Driven Architecture is very much in vogue. With the increasing adoption and use of EDA, the market for event brokers has also grown, so that today there is a wide range of brokers available. However, the skills of event brokers can vary greatly. This article outlines how software architects and application teams should therefore carefully define their evaluation criteria when selecting the right brokers for their needs.

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3 Quick Fixes for Event-Driven Architecture Complexity

3 Quick Fixes for Event-Driven Architecture Complexity

February 22, 2024

Event-driven architecture (EDA) and the adoption of event streaming throughout enterprises are increasingly becoming essential architectural requirements for businesses across almost every industry. However, the more companies use it, the greater the complexity becomes. This article explores how event portals can play a pivotal role in not only gaining comprehensive insights into the intricate and expanding event-streaming ecosystem but also facilitating the auditing, management and governance of events.

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The Move to 5G: Enabling more resilient, event-driven supply chains in a new age of industrial manufacturing

The Move to 5G: Enabling more resilient, event-driven supply chains in a new age of industrial manufacturing

February 19, 2024

With Singapore set to phase out 3G networks by July 2024, many enterprises are eyeing 5G to re-engineer operations. In this exclusive byline, Solace’s Sumeet Puri reminds readers that in order to fully embrace the potential of 5G, they must also be able to manage and orchestrate real-time visibility across all departments – a critical success factor that can only be achieved through the adoption of an event-driven framework, underpinned by event-driven architecture (EDA).

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IoT is already everywhere in retail banking – but what’s next?

IoT is already everywhere in retail banking – but what’s next?

February 06, 2024

IoT has already extended through the retail banking sector, but experts say integrating big data will spur onward growth. Solace’s Tom Fairbairn was interviewed to get his take on how and where IoT can be beneficial to the retail banking sector.

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