• Welcome to Demakis Technologies! We are waiting to help you!

Category Archives: Tech – Business

Fiber Optics

Fiber Optics Industry Changes in 2021

The global fiber optics industry is evolving in 2021. In this industry report, we aim to explore these changes. 

But we’ll also try to answer key questions about the optical fiber market:

  • What is disrupting the industry?
  • What new fiber optic technologies are emerging?
  • Why are some companies investing in 5G fiber optics?

So if you want to learn more about the future of fiber optics technology and the changes these innovations are driving, then this report is for you.

Let’s begin.

A Fiber Optics Market Overview

In 2020, the global fiber optic cable industry was valued at $9.2 billion. The same cable industry analysis revealed that this figure is expected to reach $20.8 billion by 2026

During this period (2021-2026), the fiber and telecom cable industry will register a CAGR of 14.5% according to forecasts.

The main driving force behind this growth is the increasing demand in the telecommunication and FTTx (fiber to the x) industries, as well as the recent disruption to business caused by COVID-19 and recent advancements in new fiber technology.

New Optical Technology

Two key technologies used in fiber optics are responsible for this global market growth:

#1 Optical fibers are getting smaller

To accommodate the deployment challenges of new tech innovations such as FTTx and 5G, fiber optics manufacturers had to redesign the optical fibers within the network cables.

This meant the companies had to raise the high fiber count while maintaining the same diameter, or in some cases even lowering it to meet the demands of end-users.

In April 2020, Prysmian became the first company to achieve this and released a cable portfolio to its consumers with the smallest optical fibers yet. Their optical fiber components have a diameter of just 180 µm (micrometers).

#2 Increasing popularity of submarine infrastructures

Submarine communications cables are fiber optic cable networks that are laid on the sea bed between two land-based stations. 

The purpose of these underwater infrastructures is to carry telecommunication signals across large bodies of water.

To provide new users with reliable bandwidth-intensive services and attract new markets, a number of cloud content providers are increasing the global submarine cable infrastructure.

In fact, the number of new submarine cables is expected to grow by as much as 50% in 2021 according to TeleGeography’s submarine cable map.

As a result, there is around $8 billion worth of investments lined up to lay new submarine cables in 2021.

The Impact of COVID-19

Since the outbreak began in 2020, the coronavirus has had a profound effect on the 5G fiber optic cable market.

On the one hand, the change to a remote workplace increased the demand for high-capacity bandwidth.

On the other hand, the disruption caused by COVID-19 meant that manufacturers had to halt production, which significantly slowed down the supply chain of fiber optic components.

As a result, the global production of fiber optic cables fell by 25% during the pandemic (2020). 

However, with China now allowing people to get back to work, the production figures this year are expected to surpass those before the outbreak.

Key Market Trends in the Fiber Optics Industry

As optical fiber cables (OFC) become the building blocks in modern business, several key trends in the industry will emerge:

First, the industry growth will coincide with the growth of the information technology and telecommunications industry. 

As more IT and telecom companies emerge their bandwidth demands will increase and fiber optics will become the preferred medium used to transmit data.

At the same time, advanced technologies such as 5G, Big Data, and the Internet of Things (IoT) have to collect and transfer large quantities of data in real-time. This will also require systems that support high bandwidth levels.

When it comes to demand, the biggest share of the fiber optics industry is expected to reside in the Asia-Pacific market.

China currently dominates the global market. In 2019, 91% of its entire broadband network was connected by fiber optics, which makes it the leader in FTTP.

As emerging markets like India, Japan, South Korea, Vietnam, and the Middle East open themselves to the global market, and to China’s sphere of influence, the dominance of the A-PAC market will only rise in the fiber optics industry.

If you’d like to find out more about the fiber optics industry, please continue reading our blog.

If, on the other hand, you want to reevaluate your cabling network, we can help you.

Demakis Technologies specializes in network cabling services for business. Our team can install, migrate, test, and maintain your entire fiber optics infrastructure.

Please CONTACT US to get in touch with one of our professionals and find out more about our offer.

Cabling Industry

Newest Trends in the Cabling Industry

Want to know what are the newest trends in the cabling industry? Demakis Technologies have got you covered.

In this article, we’ll shed light on the current and emerging trends in telecommunications.

So if you want to explore what’s going to be HUGE in the years to come, this article is for you.

Here are the 4 most important trends that will shape the telecom industry in the upcoming years:

#1 The Cabling Industry Is Growing

Cabling Industry trends

In 2019, the value of the global structured cabling market was $11.4 billion. It’s, however, expected to continue growing. 

According to the same global forecast for 2020 to 2025, the market will reach a steady growth rate of 4.3% CAGR. That means it could potentially reach $13.5 billion by 2025.

This market growth is attributed to several reasons. Chief among them is the rise in demand from business and the tech industry for high-speed connectivity devices and systems.

Another reason for the market expansion is the reliance on new technologies on more robust communication infrastructures.

The rising trend of data center convergence to accommodate data mining and analytics and its need for stable wireless telecom systems and fiber optics is fanning this growth, as well.

Finally, like every other industry, it comes down to the recent outbreak of COVID-19. 

As the world moves to the New Normal and the remote workplace, more and more businesses are investing heavily in structured cable systems. 

This has already caused a positive growth in 2020 – one of the telecom industry trends that will certainly persist in 2021.

#2 The Evolution of Data Centers

Because of these current trends for telecommunications and networks, companies are taking a closer look at their infrastructure. 

The demand for high-speed internet connection is causing data centers to evolve each day.

To do this, companies are upgrading their network architecture and investing heavily in structured cabling networks to support the changing needs of data centers.

As a result, this is setting the foundation for businesses to adopt and integrate with new technologies such as 5G, artificial intelligence (AI), and the Internet of Things (IoT).

#3 Category 6 Cables Hold Largest Market Share

newest trends in cabling industry

Category 6 cable types (Cat-6) are the standard twisted-pair cables used for connectivity with network physical layers, such as the Ethernet. 

Cat-6 cables are also compatible with other structured cable networks such as Cat-5, Cat-5e, and Cat-3 standards. 

This makes them highly reliable when supporting speeds of up to 10 Gbps, and, thus, very desirable in the information technology and telecommunication industries.

It’s no surprise that Cat-6 cable types are currently holding the largest share of the structured cabling market. 

As the telecom industry growth rate rises, it’s also not a shock that this trend will continue to persist in the upcoming years.

#4 APAC registers the highest CAGR

Among all the regional markets, Asia-Pacific (APAC) is expected to dominate the cabling industry in the next five years.

In fact, according to structured cabling news reports, forecasts predict that their CAGR may grow to as much as 6% for the period 2020-2026

This growth comes down to several factors. Chief among them is the continued urbanization in China, but also the rise in emerging economies such as Japan, South Korea, India, and the Middle East.

The rise in APAC economies is fueling the electrification of previously rural areas and, as a result, raising the demand for high-voltage cables and network connectivity.

The global expansion of large APAC structured cable companies is another driving factor, as corporations like Siemens AG, Nexans SA, and Sumitomo Electric Industries expand their reach beyond Asia.

what's new in Cabling Industry

Over to You

What do you think of these emerging trends in the telecommunication industry?

Are some of them already affecting your business? How?

It may be worth it to upgrade your network cabling infrastructure sooner rather than later.

That’s where we can help you.

Demakis Technologies offers network cabling services that can help you to control costs and raise the performance of your entire internet and telecommunications network.
Please CONTACT US today to get in touch with one of our professionals to find out more about how we can help you make the first step on the journey of better network connectivity.

RPA Robotic Process Automation

RPA: The Holy Grail of Process Improvement

Is Robotic Process Automation (RPA) the holy grail of process improvement in business and technology? We believe it is.

So in this post, we’ll explain:

  • What does it mean?
  • How does it work?
  • The benefits of the robotic process.
  • And how it can end repetitive tasks in business.

So if your goal is to make digital transformation a reality, you’ll love this article. Let’s begin.

What Is Robotic Process Automation (RPA)?

Robotic process automation (RPA) is a digital technology that deploys software robots to simulate human interactions with digital systems and handle repetitive tasks in the workflow.

Just like people, software robots (or bots) can complete a wide range of menial actions like navigating systems, inputting or extracting data, and performing a variety of other rule-based actions.

How Does Robotic Process Automation Work?

RPA systems leverage new technology like artificial intelligence (AI) and machine learning to automate repetitive tasks. 

Instead of following a list of actions like other workflow automation tools, RPA robots watch users perform them in the graphical user interface (GUI).

This enables them to learn the steps users take to complete these tasks, which the robots can then repeat directly in the GUI instead of the user.

The Benefits of Robotic Process Automation

The biggest benefit of robotic process automation is that it replaces human users from doing menial and repetitive tasks.

Robotic Process Automation benefits businesses because it can complete these tasks faster, more consistently, and with fewer errors than people.

In turn, this streamlines the workflow and gives human employees more time to focus on activities that require skill, experience, or creativity.

This makes the organization more agile, responsive, and more profitable, as they reduce the cost of repetitive tasks. 

Another benefit of RPA is that it’s a noninvasive way of automating workflow to accelerate the digital transformation of an organization.

This makes the RPA systems ideal for automating legacy systems that don’t have modern software capabilities like APIs, virtual desktop infrastructures (VDIs), cloud computing, or access to the latest database.

Examples of RPA Benefits

Robotic process automation benefits include these 8 things:

#1 Accelerated Digital Transformation

According to a survey, 63% of executive-level professionals agree that RPA is a key ingredient of the digital transformation in their company. 

#2 Major Cost-Saving Opportunities

Many companies across industries (including finance, technology, and investment banking) report that RPA has induced substantial improvement in their business metrics.

#3 Greater Resilience to Disruption

During the high demand caused by COVID-19 in 2020, RPA robots have helped businesses boost output and match workload peaks. 

#4 Higher Accuracy

According to this report by Forrester on the impact of RPA on employee experience, 57% of people said that RPA significantly reduces manual errors in the workplace.

#5 Improved Compliance

In 2018, a report stated that 92% of users had met or exceeded expectations because of RPA.

#6 Greater Productivity in the Workplace

In a global survey, 68% of workers agree how automation improves consistency and makes them more productive at the office.

#7 More Value from the Workforce

Around 60% of C-level executives agreed that Robotic Process Automation enabled their teams to focus on goal-oriented tasks vital for the strategic development of their organizations.

#8 Higher Employee Satisfaction

Another 57% of executives said that RPA raised the engagement of their employees and improved their happiness in the workplace.

How Much Does RPA Cost?

To be clear: the price of a robotic process automation solution depends on several factors. 

Among them, the most important ones include the number of RPA robots and the software components involved in their deployment. 

On average, the cost of an RPA bot is between $5,000 and $15,000 (depending on the developer and/or provider).

Take Steps to Automate a Manual Process

So, is RPA the holy grail of process automation and business improvement?

YES!

We believe it is.

That’s why we can support you in your efforts to reduce the cost of repetitive tasks.

Demakis Technologies offers a wide variety of services like managed services and helpdesk that can help you create a stable tech infrastructure built around your needs.
Please CONTACT US to find out how we can implement process automation services into your business.

Intelligent Process Automation

The Challenges of Intelligent Process Automation (IPA)

This article explores intelligent process automation (IPA) and the challenges organizations face when adopting this business strategy.

Specifically, we’ll explore:

  • What IPA is
  • Five key IPA technologies
  • Their benefits
  • The challenges of integrating IPA

So if you want to learn more about IPA before you integrate it with your business operations, you’ll enjoy this article.

Let’s get started.

What Is Intelligent Process Automation?

Intelligent Process Automation (IPA) is a suite of business-process improvements and emerging technologies that use next-generation tools to redesign core processes and digitally transform the organization.

Technically, it “takes the robot out of the human” by using IPA technology to eliminate repetitive tasks from business operations.

As a result, intelligence automation can simplify interactions, raise efficiency, reduce risk, and speed up processes, and in doing so, fundamentally improve customer journeys.

Intelligent Automation Technologies

automation pros and cons

At its full extent, IPA technology incorporates five core tech solutions:

#1 Robotic Process Automation (RPA)

RPA intelligent automation is a software solution that automates routine and menial tasks such as automated document processing or data analysis and extraction. 

The software is extremely customizable and rule-based which means companies can use it for performing calculations, reporting, documentation, and file checking typically used in accounting, IT, and finance.

#2 Smart Workflow

Smart workflow tools are process-management software solutions that typically control RPAs and integrate how organizations integrate task hand-offs performed by human workers and machines, as well as how these tasks are tracked in real-time.

#3 Machine Learning Analytics

Machine learning analytics are advanced machine learning algorithms that locate patterns in structured data. There are two types of algorithms: “supervised” and “unsupervised”.

Supervised algorithms use the input and output of data to learn from it, before inputting new data to make predictions.

Unsupervised algorithms process structured data to recognize patterns in it, and provide insights based on those observations.

Machine learning analytics are typically used to find insights into opportunities that improve compliance, competitiveness, and cost-efficiency.

#4 Natural-Language Generation (NLG)

NLG software solutions streamline interactions and communication between people and machines by translating data observations into natural language. NLG engines analyze human speech, and based on that data complete automated document processing and reporting. 

Simply put, companies can use NLG engines to fill out documents and reports based on structured data.

#5 Cognitive Agents

Cognitive agents are virtual workforce machines (or “agents”) that use NLGs to perform tasks, communicate with humans, learn from data, and use “emotion detection” to make decisions of their own. 

Businesses use cognitive agents to support customers and employees either over the phone using voice generators or via chat through text NLG engines.

Benefits of Process Automation

it process automation examples

There are both pros and cons of automation in the workplace and its general adoption in business. 

But, for the most part, IPA is beneficial for business as it takes over menial tasks so that the human workforce can focus their time, energy, and attention on more important areas, such as delighting customers or generating more business for the company.

Even though there are multiple benefits from adopting just one of the IPA technologies that we’ve mentioned, incorporating all five can help your company produce the fastest results and the biggest wins in terms of ROI.

This means there are significant perks of having an automated online application, such as:

  • Rightsizing the workforce
  • Reducing payroll and labor costs
  • Overcoming the in-house skill gap
  • Raising operational cost-effectiveness
  • Processing large volumes of data
  • Achieving greater speed and accuracy

To do this, you’ll have to overcome some of the negatives of automation, because that’s where the real challenges of IPA occur:

Automation Disadvantages

Intelligent Process Automation IPA

Although implementing IPA solutions represents a considerable transformation of work, it’s not a substantial investment.

The biggest cons of automation come from its implementation and the digital transformation that ensues.

Some of the most common challenges of integrating IPA in business includes:

  • The lack of skilled manpower to implement IPA
  • Difficult retraining and re-skilling of staff to use IPA technology
  • Integrating IPA technology with legacy software solutions
  • Resistance from human workers who fear rightsizing and lay-offs
  • Lack of cybersecurity in dealing with threats from hackers

As it turns out, the those who stand to benefit the most, the human workforce, are often the main cause of these challenges.

What’s even more ironic is that intelligent automation could be the solution to many of these challenges.

That’s why many businesses that want to adopt intelligent process automation tend to rely on external partners that are experts in the field and provide managed services.

And if you’re one of them, we can help you. 

Demakis Technologies offers a plethora of services and solutions that can help you digitally transform your business.

We provide a complete IT service list that includes: 

CONTACT US today to get in touch with one of our IT professionals who can help you get started on the road to process automation.

blockchain technology

A Quick Guide to Blockchain

This is a quick guide to blockchain and blockchain technology.

In this guide, we’ll explain:

  • What blockchain is
  • Whether it is only used for Bitcoin and other cryptocurrency
  • The practical use of this technology
  • Which projects and companies have adopted blockchain

So if you’ve ever been curious about this technology, this article is the perfect place to find out.

Let’s begin!

What Is Blockchain?

blockchain projects

The concept of this technology is difficult. But at its core, the blockchain is quite simple.

A blockchain is a type of database; a collection of information, or data. For simplification purposes, think of it as a spreadsheet.

But unlike a regular spreadsheet on your computer, this one is duplicated thousands of times across a network of computers.

The network regularly updates the spreadsheet, unlike when you manually input information using Excel.

Technically, a blockchain is a shared and continuously reconciled database which isn’t stored in any one single location. This allows information to be distributed but not copied.

That’s why when it was first conceived by the person or group known as Satoshi Nakamoto, it’s original use was intended for cryptocurrency like Bitcoin.

But the blockchain and its technology has evolved far beyond its original purpose.

What Is Non-Cryptocurrency Blockchain?

blockchain technology trends

If you’re aware of blockchain, then you’re probably also aware that it’s the technology behind cryptocurrencies like Bitcoin. But its technology isn’t unique to digital currency.

In fact, the usefulness of blockchain doesn’t stop with currency. Some of the most promising projects have nothing to do with crypto.

And there are a lot of examples of blockchain applications that are being implemented at the moment. Countless more are surely yet to come.

But for now, here are 3 non-cryptocurrency blockchain applications you should be aware of:

#1 Identification Records

Most of us take our identification records for granted, like social security and ID cards or birth certificates.

But for a lot of people living on the margins of society like the homeless and refugees, that’s not the case.

In these extreme situations, it’s difficult to gain access to identification records and reclaim identities, funds, and personal property.

Blockchain identity platforms solve this problem. This technology enables these people to reclaim their identities and get access to much needed help.

For example, in Austin, blockchain technology is used to identify homeless people. This raises their chance to get access to social programs which they rely on to survive.

#2 Online Privacy

Currently, blockchain networks are being developed that enable users to browse the Internet anonymously without allowing websites to access their personal data.

The data is handled on a decentralized network instead of being handled by the website or ISP.

The data is broken into blocks and dispersed across the network, and only someone with the right decryption key can reassemble and access it.

In the future, we could see widespread use of this kind of data protection, as it becomes an essential part of cybersecurity services.

#3 Supply Chains

This technology has a significant impact on supply chains. It’s already used to trace products to their place of origin.

For example, you can potentially trace a loaf of bread back to the crop and farm it came from.

This kind of clarity and transparency over the supply chain from source to consumer could have a profound effect on consumer behavior as well.

As more people become eco-conscious, blockchain technology will allow them to source products that are actually sustainable and good for the environment.

Which are the leading companies in blockchain technology?

Blockchain companies are paving the way for the future in many areas of business. So when it comes to companies that use blockchain, it’s worth knowing who the biggest players are.

These are the top ten companies using this technology:

  • SALT Lending
  • Mythical Games
  • Gemini
  • Circle
  • Coinbase
  • Chronicled
  • IBM
  • Voatz
  • Steem
  • Shipchain

Recent Developments in Blockchain Technology

blockchain 2021

Blockchain is continuously evolving. It’s an interesting field of study and development, and a lot of researchers are making efforts to innovate it.

Here are some of the most promising blockchain projects and business ideas in 2021:

#1 Status

Status is a secure communication tool. The messaging app aims to provide users with a safe way of having a private conversation, while providing additional features like a crypto wallet, encryption tools, and a Web3 browser.

#2 Augur

Augur is a no-limit betting exchange. It enables users to trade crypto wagers on a platform that’s completely decentralized and uses a lot of prediction market protocols.

#3 OpenMinded

OpenMinded is a community for building apps. It gives users free access to a decentralized data pool of advanced cryptography techniques and machine learning through libraries such as TensorFlow and PyTorch.

#4 Namahe

Namahe aims to use this technology with AI to raise the efficiency within the supply chain industry. The main focus of the platform is creating economically sustainable value chains that connect to the global marketplace.

#5 OMG Network

OMG Network focuses on scaling the operational capacity of the Ethereum network. It’s a value transfer solution built for enterprise grade production, unlike many other protocols.

If you’re interested in learning more about blockchain and other innovative technologies, please continue to follow Demakis Technologies.

Or contact us if you want to learn about how our managed services can help you incorporate new technology into your business.