From Java 8 to Java 11

12/20/2018
From Java 8 to Java 11

Oracle JDK 8 will end its life in January 2019, stopping the release of public updates. Java 11 release is going to be an important release because similarly to Java 8, it will be a long-term-support version. Oracle has committed to supporting Java 11 for the next 8 years. So you can expect to see this version get wide usage over the coming years.
When starting to migrate from Java 8 to Java 11, the first thing you have to answer is whether you can and want to do this in one fell swoop or over a longer period of time. If the project causes little trouble and you are raising your minimum requirements, then go for a quick migration where you use the new version for the entire build process, including the target for compilation. All that’s left is to fix any problems that may pop up.
Large corporations with big Java projects and code-bases don’t tend to upgrade quickly. With a lot of Java code comes complexity in maintaining it, and full testing would generally be needed before moving to a major new Java release. It’s not as simple as just installing the new version of Java. Depending on the age of the code-base, it might be using features that are no longer present or work differently in more recent releases of Java.

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nazax
AI and Fintech industry.
08/06/2019

Let’s discuss the role of AI in finance industry.
One of the most important reasons is that AI analyzes information, solves tasks and carries out operations more quickly than a human could. By using AI-powered lending tools in banking, credit managers can benefit from AI and be able to determine the capability of applicants.

Let’s discuss the role of AI in finance industry. One of the most important reasons is that AI analyzes information, solves tasks and carries out operations more quickly than a human could. By using AI-powered lending tools in banking, credit managers can benefit from AI and be able to determine the capability of applicants. Credit scoring provided by AI is based on more complex and sophisticated rules compared to those used in traditional credit scoring systems. Such tools become more objective as they rely only on the collected information and not on their own biases. Objectivity is another benefit of the AI-powered mechanism.
Artificial Intelligence provides a faster, more accurate assessment of a potential borrower, at less cost, and accounts for a wider variety of factors. Automobile lending companies in the U.S. have reported success with AI for their needs as well. For example, this report shows that bringing AI onboard cut losses by 23% annually. The impact of AI in finance industry is really difficult to overestimate when it comes to risk management. Enormous processing power allows vast amounts of data to be handled in a short time plus cognitive computing helps to manage both structured and unstructured data. Algorithms analyze the history of risk cases and identify potential future issues. AI in finance is a powerful ally. It analyzes real-time activities in any given market or environment; the accurate predictions and detailed forecasts are based on multiple variables and vital to business planning.
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Wealth Management software solutions at Nazax Consulting
03/01/2019
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Wealth management solutions help financial institutions.

Wealth management solutions help financial institutions streamline processes, enhance the advisor and investor experience, allowing you to efficiently manage investments for large numbers of complex portfolios and achieve maximal investment performance. In order to stay competitive, wealth management firms need to take a fresh approach, supplementing legacy applications with systems of engagement and systems of insight. Players in the wealth management industry are currently focusing on automation to improve scalability, reduce cost and enable better product customization. Nazax provides a complete set of custom software designed to meet your particular needs! We help FinTech&Insurtech startups and enterprises to grow their audiences by developing top-notch web and mobile applications.
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Advantages Of Decoupling Application Front-End From Back-End (Ep#2)
02/10/2019
#java
#nazax

Well, we talked about the pros and cons of separating front-end and back-end (Ep#1).

[vc_row][vc_column][vc_column_text]Well, we talked about the pros and cons of separating front-end and back-end (Ep#1). At Nazax, we are not suggesting that there are no cons. It all depends on the particular situation, but there are more pros than cons. Separating front from back-end has so many advantages such as: 1. Scalability. Since the code is divided into 2 parts, you can optimize the code faster and increase resources for the front-end and back-end at a separate pace. 2. Faster deployment. Since a front-end developer's work isn't dependent that much on a back-end developer’s work, their code can be tested and potentially deployed whenever they're done without waiting for the other person's completion. 3. Modularity. Upgrading your framework can be a real pain. Keeping the back and front-end separate will lessen your chances of breaking the entire website. If your front-end is separate from the back-end, it becomes easier to work on one module keeping the other one untouched. You can increase the update-release frequency. 4. Simpler to switch frameworks. When we're talking about technology, we should keep in mind that it changes fast. You need to keep up with the latest innovations to remain competitive.[/vc_column_text][/vc_column][/vc_row]
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