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McKinsey Repost Says that Large Bank Institutions Delay with Blockchain Implementation

Large financial companies like banks and insurance companies are in no hurry to adopt blockchain technology despite an enormous potential, states the report of a major consulting company McKinsey. Earlier, McKinsey said that the progress in blockchain software developments is negligent despite massive investment flows.

Today many governments, large investment banks and suppliers of software solutions continue experimenting with blockchain systems thinking of reducing the costs, improve speed and transparency of the transactions in broad variety of the economy, including the financial realm.

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Business Owners Demand Faster Software Delivery

Business owners are losing patience on software projects. They see and feel that competitors are advancing their business. They are pushing on their IT departments harder, pressing for more and faster delivery of software that will keep their companies in the digital race. They like what IT is delivering, but the challenge for IT managers is to keep up with the speed of software delivery with as few bugs as possible.

The latest survey of 310 IT executives, conducted by Forrester Consulting in partnership with Eggplant, finds that the majority of enterprise leaders, namely 70%, name the functional outcomes and software added value created by the software delivered as "good" or "excellent," . However, close to half feel things aren't just being delivered fast enough for their business. 46% of the respondents named the speed of testing as "average", "fair", or "poor", and 41% say the same about the speed of their overall custom application development. More than a third of all executives (36%) also rated the quality of code in development for testing as "average" or even worse.

But overall, C-suite executives are happy with the applications and solutions that come out of the pipeline. However, they are worried for the faster delivery of these apps.

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Apple's WWDC keynote was pointed towards software developers

Analysts making quick assumptions on diverse reactions to Apple's WWDC 2019 key points, but in general they agree that the California Software and hardware company puts a focus on unique software upgrades and helping out Apple app developers.

Apple's emphasis was on "further extending its competitive differentiation over other consumer device OEMs with an emphasis on its software leadership," claimed JPMorgan's expert Samik Chatterjee. The software analyst highlighted privacy features in iOS 13 such as "Sign in With Apple," feature and the creation of brand new operating system for iPad, called iPadOS, shifting away from giving iPads "second hand features of the iPhone.". The latter news is a shocking one for developers.

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