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Enterprise Innovation

How Crowdsourced Cybersecurity Platforms are Combating Evolving Cyber Threats

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Enterprise Innovation

How Crowdsourced Cybersecurity Platforms are Combating Evolving Cyber Threats

Traditional cybersecurity techniques frequently find it difficult to keep up with the increasing complexity and frequency of cyber attacks. Presenting crowdsourced cybersecurity systems, which are cutting-edge solutions that use the combined knowledge of an international network of ethical hackers to instantly detect and fix security flaws.

Overview of Crowdsourced Cybersecurity

By utilizing the combined knowledge of ethical hackers throughout the world, crowdsourced cybersecurity radically changes the way that digital defense is thought of. Organizations may improve their security measures by inviting knowledgeable hackers to find and disclose vulnerabilities through bug bounty programs and ethical hacking efforts. In contrast to conventional techniques, this crowdsourcing method offers continuous monitoring and faster vulnerability detection, both of which can be critical in the rapidly evolving field of cybersecurity.

How It Works

The foundation of crowdsourced cybersecurity is made up of ethical hacking projects and bug bounty programs. Businesses establish these programs by outlining the parameters and guidelines, inviting ethical hackers to examine their systems for weaknesses. These vulnerabilities are found and reported by hackers, who are compensated, usually with cash or recognition. This approach encourages a wide spectrum of security professionals to share their expertise, creating a culture of ongoing security improvement.

Key Platforms in Crowdsourced Cybersecurity

In the field of crowdsourced cybersecurity, a number of platforms have become industry leaders, each providing special features and services. Many clients trust such platforms because of its strong bug bounty programs and vulnerability coordination services, which link businesses with ethical hackers to test their systems for vulnerabilities. Some platforms provide all-inclusive service connects security researchers and firms that specialize in vulnerability disclosure, penetration testing, and bug bounty programs. They often combine machine learning and human knowledge to provide efficient solutions.

Some of these platforms focus on vulnerability identification, penetration testing, and compliance evaluations and offers actionable security insights, blends crowdsourced security testing with an AI-powered platform. They provide customized crowdsourced security services that enable enterprises to scale their efforts flexibly by fostering collaborative settings for ethical hackers to find vulnerabilities.

Benefits of Crowdsourced Cybersecurity

The crowdsourced cybersecurity strategy is becoming a more and more popular option for businesses looking to improve their security measures since it provides a number of noteworthy benefits over conventional methods.

  • Less Expensive: Without the overhead expenses of keeping a full-time cybersecurity staff, organizations may get on-demand knowledge. Businesses may maximize their security investment and gain access to a diverse spectrum of expertise and viewpoints by only paying for the vulnerabilities that ethical hackers find and disclose.
  • Quickness and Effectiveness: When detecting vulnerabilities, several ethical hackers can operate at once, which results in faster resolutions than with traditional approaches. By ensuring that security flaws are found and fixed more quickly, this cooperative method shortens the window of opportunity for possible attackers.
  • Constant Monitoring: Crowdsourced platforms make it possible to continuously examine systems instead of depending just on recurring evaluations. Constant monitoring makes it possible to identify weaknesses in real time, giving businesses a proactive defense against new threats.
  • Increased Originality: External specialists encourage original ways to problem-solving by bringing fresh ideas that might not come from conventional internal teams. Ethical hackers’ varied experiences and backgrounds help them spot unusual vulnerabilities and create original mitigation techniques.
  • The capacity to scale: Without making long-term commitments, businesses may readily modify their cybersecurity efforts in response to changing demands. Crowdsourced systems give businesses the freedom to scale security measures in accordance with their needs, whether they are responding to particular threats or growing their digital presence.

Real-World Applications

Defense and Government: Through initiatives that allow ethical hackers to test their systems that are visible to the public, government organizations have benefited from crowdsourced cybersecurity. These programs have been effective in locating and addressing weaknesses that may endanger national security.

Services for Finance: Crowdsourced cybersecurity has been used by financial organizations, who are notoriously vulnerable to cyberattacks, to strengthen their defenses. To secure sensitive financial data, leading platforms have teamed up with banks and fintech firms to carry out thorough security testing.

Technology Businesses: Crowdsourced cybersecurity is used by large IT businesses to keep their systems safe. These businesses frequently invite ethical hackers to find flaws in their software and services through elaborate bug bounty programs.

Medical Care: Crowdsourced cybersecurity is becoming more and more popular in the healthcare industry, which deals with sensitive patient data. Ethical hackers assist in locating weaknesses in telemedicine platforms, electronic health record systems, and other vital infrastructure.

Takeaway

As cyber dangers increase, the crowdsourced cybersecurity concept is proven to be a flexible and successful answer for businesses. Businesses may improve their security posture, save money, and increase productivity by utilizing the pooled expertise of ethical hackers via well-known platforms. Such cooperative techniques will probably become increasingly more crucial as cyber dangers continue to change.

In addition to offering a scalable and affordable solution, crowdsourced cybersecurity systems bring ongoing, innovative problem-solving to the cybersecurity space. Organizations may keep ahead of any risks and guarantee strong protection for their digital assets by utilizing the varied knowledge of ethical hackers.

Adopting cutting-edge strategies like crowdsourcing cybersecurity will be crucial for preserving security and resilience as the digital world grows. Businesses that use these tools may anticipate a more secure future where cyberthreats are successfully reduced and vulnerabilities are quickly found and fixed.

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Enterprise Innovation

EMAS: Revolutionizing Energy Efficiency and Environmental Performance

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Enterprise Innovation

EMAS: Revolutionizing Energy Efficiency and Environmental Performance

In a world where sustainability and energy efficiency are becoming more and more significant, the Energy Monitoring, Auditing, and Savings (EMAS) platform is a special framework for enhancing environmental performance in enterprises. EMAS combines rigorous energy audits, robust management systems, and continuous improvement processes to help firms identify energy-saving potential and implement effective energy management programs.

Important Elements of EMAS

In order to comply with EMAS regulations, businesses must build up an Environmental Management System (EMS), which include defining environmental policies, goals, and actions to attain them. Frequent energy audits, which offer a comprehensive assessment of present energy use, expenses, and prospective savings, are crucial for locating inefficiencies and possibilities for energy savings. To track performance against predetermined benchmarks, such as energy efficiency measurements, an annual environmental report is essential. To guarantee compliance with EMAS requirements, independent verifiers validate the audit and EMS results.

The energy auditing process typically consists of three steps, according the EMAS framework. In order to establish audit objectives and gather preliminary data on energy use, the first step, known as the Pre-Audit Phase, entails preliminary discussions with management. The Audit Phase comes next, during which a comprehensive examination of energy usage across different organizational systems is carried out in order to find inefficiencies and possible savings. Writing a report outlining the results and offering suggestions for enhancing energy efficiency is the last step, known as the Post-Audit Phase.

Energy audits within the EMAS framework have a lot of advantages. Thorough examination during audits assists in pinpointing certain locations where energy may be saved, which may eventually result in cost savings when suggestions are put into practice. Furthermore, companies who implement EMAS or ISO 50001 may be excluded from some EU-mandated audit requirements, which improves compliance and lessens regulatory costs.

For businesses looking to improve their environmental performance while saving a substantial amount of energy, the EMAS platform is an essential resource. EMAS promotes a culture of sustainability and continuous development within firms in addition to helping with regulatory compliance by fusing sound management practices with methodical auditing procedures.

Businesses may meet and surpass environmental regulations by implementing EMAS, which eventually helps create a more sustainable future. Organizations may make sure they meet the highest environmental standards and operate at maximum energy efficiency by utilizing the organized method of EMAS. Cost reductions, better operational performance, and an improved reputation as ethical and progressive businesses among stakeholders and customers result from this.

Tools like EMAS are becoming more and more crucial as the problems associated with climate change and energy sustainability continue to expand. They give organizations a precise and workable framework that guarantees the precise and responsible achievement of environmental goals. Adopting the EMAS platform is a calculated decision with long-term advantages for companies hoping to improve their financial performance and have a beneficial environmental effect.

Numerous solutions are available that make it easier to comply with EMAS certification requirements by helping to monitor energy use, costs, and greenhouse gas emissions. Furthermore, these solutions integrate energy management with other organizational tasks including manufacturing, payroll, accounts payable, and inventory management via multi-user ERP systems.

To sum up, the EMAS platform provides a thorough and practical way to improve environmental performance and energy efficiency. Organizations can accomplish their sustainability objectives and help create a more sustainable future by utilizing EMAS’s stringent audits, methodical management, and continuous improvement procedures.

Contact us at innovate@quotients.com to schedule a consultation and explore the transformative potential of this innovative technology.

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Applied Innovation Enterprise Innovation

No-Code Platform for Enterprise Metaverse

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Applied Innovation Enterprise Innovation

No-Code Platform for Enterprise Metaverse

The pandemic has altered the way we live, there is an increased presence of technology in every domain of our lives.  Across industries, a shift in the fundamentals is taking place. Amid all this, Metaverse, a technological innovation that holds power to transform the way businesses function across multiple sectors, has come into existence.

Metaverse

As described by Meta, formerly facebook, the metaverse is a “set of virtual spaces where you can create and explore with other people who aren’t in the same physical space as you.”  The word doesn’t refer to a certain type of technology as such but a shift in how we interact with technology. The technologies referred to as “the metaverse” discussed include cutting-edge technologies such as Augmented Reality (AR), Virtual Reality (VR), Mixed Reality (MR), a hybrid of AR and VR, and blockchain. 


This internet’s transition from 2D websites to 3D cyberspaces is having an impact on industries such as Healthcare, defense, education, manufacturing, automotive, supply chain, real estate, etc. This has forced the bulk of major companies to have a metaverse strategy on how they can take advantage of the metaverse’s potential. The term ‘enterprise metaverse’ has come into the picture which by definition, is a metaverse that enables business growth opportunities for an enterprise.

Enterprise Metaverse


Enterprise metaverse refers to an immersive virtual environment– digitization of existing applications and processes for businesses– that enables companies to explore new digital possibilities and reach global audiences, drive engagement, create meaningful connections, train employees, etc. By creating Metaverse Apps for processes, operations, and infrastructure enterprises can greatly improve their operations. Digital twins i.e. real-time digital copies of a physical object are building blocks of the metaverse.

Enterprise Metaverse and Digital Twins

Synchronized with the physical world using sensors and IoT connections, Digital Twins are foundational to enabling the enterprise metaverse. These sensors produce data about different aspects of simple assets or products to complex environments which are then relayed to a processing system (on the edge/cloud) and applied to a digital twin and give one centralized view bundled in a web/mobile/XR app. Software techniques can be used for these models and analytics can be run to gain insights and predict changes before they happen. The gained insights from the simulated copy can be applied to the real-world twin in the physical environment to realize the benefits.

No-code platform solution for building Enterprise Metaverse


Businesses are adopting the enterprise metaverse in the form of digital twins to get an edge over their peers but creating virtual models of factories is not an easy task despite the available resources for it. Quotients has been engaging with startups working on no-code platform solutions for building enterprise metaverse applications such as digital twins. No-code is software in the form of service that allows users to customize any type of digital product or environment with little to no coding experience.

This solution can connect data with sensors equipment leading to video feeds in an interactive 3d workspace. The patented technology offers process automation, visual programming tools, and 3rd party integrations to build software without any programming knowledge. The users can create and publish workflows and run applications on multiple platforms by connecting sensors and devices, importing existing 3d models, and mapping 3d events interactions.

To know more about such innovative solutions and evolving use cases in different domains along with collaboration and partnership opportunities please write us at open-innovator@quotients.com


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Applied Innovation Enterprise Innovation

Blockchain based Anti-counterfeit solution

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Applied Innovation Enterprise Innovation

Blockchain based Anti-counterfeit solution

Surge in Online Shopping

The growth in online shopping has seen a spectacular increase in last few years. The retail e commerce sales worldwide is expected to climb a further 16.8% this year, to $4.921 trillion. This rapid acceleration of online buying was fueled by the pandemic, several countries like India, Brazil, Russia, and Argentina are witnessing significant expansion in e commerce.

Areas of Concern

Although online shopping has many factors of concern like data security, customer loyalty, unexpected price changes, economic uncertainty, inventory overload etc but counterfeited products sold online to unsuspecting consumers is one of the major concerns. Phone chargers, pharmaceuticals, and cosmetics are common items whose counterfeit products are often sold online at a considerably lower price.

Counterfeiting Impacting Brand Reputation

Counterfeiting is not only impacting not just sales and profits but also brand reputation. Brands and organizations strive to improve their brand identity and expanding their market share by constantly working on developing unique and innovative products but if the end consumers do not get access to these features because of infiltration of fake products results in the brands suffering massive losses.

There are also certain risks health risks associated with these counterfeits products, like electrocution or exposure to harmful chemicals that can cause serious damage to customers health. It has thus become pertinent that brands and organizations guarantee the authenticity of their products as the customers move towards more online purchases.

Groundbreaking Technology

To address this need of ensuring that authentic products reach the end consumer, Quotients has been working with different startups to come up with a solution. In this quest, we have come across a groundbreaking technology that employs AI, cryptography, and blockchain to add a cryptographic signature to the parcels. This signature can be used to verify the authenticity of products by a user’s mobile device through an app. Also, there is no need to change the existing package design and printing process by the client.

How it works

Blockchain is used with IoT and NFC tags to provides stakeholders with the visibility a product’s entire history. Blockchain creates immutable digital records, as a permanent ledger, any data stored stays for all the time. As each piece of information is encrypted individually to make a change rest of the nodes in the network need to agree which makes it impossible for the fraudsters and instances of fraud can be easily detected.

NFC, or near field communication, a popular wireless technology that allows transfer of data between two devices that are in close proximity, is a tamper-proof tag that is used to give each product a unique identifier.

As the product goes through the distribution chain, operators scan the NFC tag and upload information about its current state to the blockchain. Because all signatures are cryptographic, the system can provide complete security and transparency. The blockchain serves as a permanent data repository and while NFC tags prevents tampering with real objects.

Application

Application of anti counterfeit solutions depends primarily on the needs of industry and respective supply chains. In agriculture, this solution can be used to check illegally-produced goods that may pose a real risk to human health. The pharmaceutical industry is another popular target where false drugs are counterfeited as genuine by refilling empty containers or using fake labels. Here such solution can be used to combat such activities and save life and prevent harmful effects on patients.

These innovations also find application ensure premium beverages, food and tobacco products. With the globalization of food products and producers working in different areas better opportunities these solutions can help tracking and monitoring of supply chain and ensuring delivery of genuine products.

Conclusion

By ensuring the delivery of authentic product, the solution leads to brand loyalty and along with this it generates rich data on interactions in supply chain, checks cross border sales, helps in warranty management and in reducing carbon footprint by constant monitoring of supply chain.

To know more of such innovative solutions and evolving use cases in different domains along with collaboration and partnership opportunities please write us at open-innovator@quotients.com

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Enterprise Innovation Innovator's Vista

Real time collaboration tool for Businesses

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Enterprise Innovation Innovator's Vista

Real time collaboration tool for Businesses

The Covid-19 pandemic has had tremendous impact on workplace culture. The concept of Distributed Workforce came into being as a result employers had to adapt and support mass remote working at astonishing speed. The modern workforce is distributed in different locations and even in different time zones therefore there is an increased need for coordination to speed up the work processes.

There has been an accelerated adoption of digital tools by Enterprises, specifically Collaboration tools that help teams and groups work together toward a common goal. It involves the use of the Internet, or
some other form of technology enables sharing information with one another. Some examples include Chat apps, Video Conferencing Tools, Project Management apps and File sharing programs.

Chat based collaboration apps have a big impact on productivity of an organisation, as they are less formal than emails. These allow individuals to communicate instantly through direct chats for quick conversations and follow-ups. There are also provision for private channels for focussed team or project discussion and public channels for conversations around shared interests.

Video conferencing platforms have also become significant for enterprises’ strategies. They are also an important factor for establishing a competitive advantage by changing the way employees work. Allowing Face-to-face communication allow teams to work together or with customers and clients effectively, irrespective of their location.

Finding and sharing files allows information to flow freely among everyone at the organization. This allows team members to share files and every member can have access to all team’s knowledge and discussions, no matter who shared them or when.

Project Management app helps organisations manage multiple projects in one common platform. It provides visibility of the progress of each project in one integrated system which ensures prioritizing tasks that are more important and team members to be regularly updated with changes in projects.

Workflow management tool is another collaboration tool that enables teams to streamline and speed up their routine business processes for optimal efficiency. There are options to share tasks with built-in shared “To-dos” which makes managing workflows easier.

Collaboration Tools thus increase coordination and speed up the work processes and enhance the productivity of the workforce. The global team collaboration software market is projected to grow significantly as there is an increasing trend among companies regarding accepting intelligent meeting solutions for remote working.




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Enterprise Innovation Innovator's Vista

Blending AI with human agents for customer experience automation

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Enterprise Innovation Innovator's Vista

Blending AI with human agents for customer experience automation

New generation of consumers look to engage and resolve issues in real-time, 24/7. Businesses have no other choice but to transform their customer and employee experiences to be omnichannel, intelligent, personalised, that too, at scale.

Customer Experience Automation let businesses to build the toolset that makes the most sense for their model, then orchestrate personalized experiences across.

Natural Learning Processing (NLP) Engine forms the core component that interprets what users say at any given time and converts that language to structured inputs the system can process.

Businesses can deliver on-demand fulfilment by blending AI and human intelligence Thus business-to-consumer interactions of every enterprise across the world, can be made intuitive, personal, and real-time. As AI offloads simple, repetitive, monotonous tasks from customer service agents — letting them concentrate on complex questions or allowing them to better connect with the customer.

The hybrid Agent + AI model, the next natural progression is towards bot-initiated conversations. The scope of these messages includes promotions, campaigns, back-in-stock notifications, abandoned cart reminders, etc., to proactively reach customers.

With the advent of DIY no-coding bots, it is rapidly becoming an option for small startups and individuals to try their hand at building bots with basic functionalities.

Blending AI with human agents allows enterprises improves customer service that leads to more customer satisfaction, agent satisfaction, agent productivity and increased customer retention.

These customer experience automation platforms can find application in sectors such as BFSI, Retail & Ecommerce, Telecom, Education etc.




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