As small-to-medium sized businesses, you must have always been on the lookout for new ways to cut costs and increase efficiency. Two common techniques that have come into practice in recent years are outsourcing and offshoring. While these buzzwords have been used synonymously sometimes, they are two different business strategies, each with its distinctive advantages and disadvantages. This blog is here to break down the complexity to enlighten bits and pieces for business executives to make an informed decision that befits the general theme of organizations.
Top Healthcare Outsourcing Services for 2024
The healthcare industry is increasingly turning to outsourcing services to enhance efficiency, reduce costs, and improve patient care quality. Healthcare outsourcing allows providers to make use of third-party vendors’ expertise for functions like medical coding, health information management, and electronic health records management. Healthcare organizations can focus on delivering quality care while achieving significant cost savings of nearly 30% by delegating non-core operations to specialized outsourcing companies. The global healthcare outsourcing services market, valued at over $400 billion, is projected to witness substantial growth by 2026 driven by factors like rising healthcare costs, demand for business process outsourcing (BPO) services, and the need for streamlined operations. Common outsourced healthcare services include pre-authorization, accounts receivable management, medical process outsourcing, and hospital outsourcing, enabling healthcare providers to access leading solutions shaped by industry-focused innovation and specialization.
Consensus Mechanisms in Blockchain: What is it? Types, Benefits, Examples
Blockchain technology has the ability to disrupt industries as it is decentralized, transparent, and secure by design. Consensus mechanism, in fact, is the most basic component that allows blockchains to work properly. In this blog we look at what a consensus mechanism is, why it is important, what are the several types that exist, and real-life examples where blockchain uses these consensus mechanisms.
8 Best Blockchain Security Projects to Learn From
With its decentralized, transparent, and immutable approach to solving various problems, blockchain technology has become a game changer in many industries. As it has gone upwards, the question of security has also risen and has led to the creation of bull-strong security measures, and specialization in projects to secure blockchain networks. This blog gets into the nitty-gritty of blockchain security detail, 8 notable projects and companies that currently serve the niche, accompanied by best practices, and key takeaways.
Tokenization vs Encryption: Understanding the Key Differences and Applications
Today, with the world of business being more connected than ever, the importance of proper data protection cannot be overemphasized. Businesses are seeking ways to safeguard important information from emerging cyber threats on a daily basis. Two of the crucial technologies that must be integrated into the strategy in order to keep data well-protected are tokenization and encryption. Despite having the same objective of safeguarding data from unauthorized access, both technologies have varied mechanisms. This blog unravels the nuts and bolts of tokenization and encryption and explores the concept of the uniqueness of these two technologies and the advantages provided by them.
Tokenization vs Hashing: A Comprehensive Comparison (with Examples)
Data breaches are increasingly becoming one of the greatest concerns for most organizations worldwide. In a report by Verizon dated 2017, it found out that 81% of data breaches are caused by stolen or weak passwords; this, therefore, calls in the importance of the security of the password in organizations. In countering this, cybersecurity has taken an even more advanced measure with tokenization and hashing. Tokenization and hashing are two of the security approaches, each with distinct approaches to guaranteeing information security. Let's dive deep into these two awe-inspiring methods with GCT Solution.