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Top JavaScript trends to watch in 2018

I am trying to bet on how many new Javascript frameworks will be released each month. I think, the best developer’s game in the past 5 years. I really think 2018 will be the perfect time for learning one framework for one problem and being able to mix them without (I hope) too much issue. At least before the “next big framework” :-)

Some of the main Javascript frameworks to watch in 2018 are here:

GraphQL:

Brings a new way to query data from server to frontend. You can think of it as a new protocol, a communication standard between client and server. Not only for websites, but also for desktop and mobile apps. This concept of “fetching only what you need” is important and should be at the core of every front and back end development. Reducing the size of every network exchange is crucial, especially for users with slow networks. I believe that GraphQL could become a standard in 2018.

React:

who doesn’t know React in 2018? React is actually not easy to learn, I see my students challenged by it everyday. But when all concepts of props, state, life cycle, actions, etc. are mastered, it is a very powerful tool. It will remain a strong Javascript framework in the year to come.

Vue.js:

we witnessed an interesting fight between React and Vue.js in 2017. Both are powerful, but Vue.js is easier to learn than React. The community around it is starting to grow really fast and we hope the industry will continue to adopt it in production.

React Native and Electron:

Two frameworks for desktop and mobile apps. While they are still not at the level of native app languages (iOS, Android and desktop), their performances are really impressive.

Reason

The new way to write React applications; bye bye pure Javascript! It can be trendy, but I believe that with the support of Facebook it could be the next standard for writing React applications. We should keep an eye on it and watch how the language evolves in 2018.

Next and Now

React has a strong ecosystem. Next and Now are proof of it. Easy to use and make React projects ready for production. Deploying and distributing React applications at scale can be challenging, mainly for  small teams. Next and Now are designed to make a developer’s life easier.

Honorable Mentions for 2018:

  •   Lona (created by AirBnB – https://github.com/airbnb/Lona): Transform Sketch files from designer to UI code: iOS, Android, Web and Web mobile. It’s based on a simple app that can solve a lot of communication issues between Designers and Developers. Trust me, both of them think of themselves as rock stars, and like every rock star, they don’t like compromises. Now with Lona, designers can directly integrate and test their creation easily without bothering developers.
  • Aurelia (http://aurelia.io): Is a complete solution for creating your online presence: web, mobile and desktop. I think it can be a good start for any new project or start-up: easy to learn, easy to put in place and good support.

Inputs provided by Guillaume Salva, Full-Stack Software Engineer at Holberton School.

Here, you can find out the trends and frameworks in 2017

 

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Retention playbook for Insurance firms in the backdrop of financial crises

4 minutes read

Belonging to one of the oldest industries in the world, Insurance companies have weathered multiple calamities over the years and have proven themselves to be resilient entities that can truly stand the test of time. Today, however, the industry faces some of its toughest trials yet. Technology has fundamentally changed what it means to be an insurer and the cumulative effects of the pandemic coupled with a weak global economic output have impacted the industry in ways both good and bad.

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Source: Deloitte Services LP Economic Analysis

For instance, the U.S market recorded a sharp dip in GDP in the wake of the pandemic and it was expected that the economy would bounce back bringing with it a resurgent demand for all products (including insurance) across the board. It must be noted that the outlook toward insurance products changed as a result of the pandemic. Life insurance products were no longer an afterthought, although profitability in this segment declined over the years. Property-and-Casualty (P&C) insurance, especially motor insurance, continued to be a strong driver, while health insurance proved to be the fastest-growing segment with robust demand from different geographies

Simultaneously, the insurance industry finds itself on the cusp of an industry-wide shift as technology is starting to play a greater role in core operations. In particular, technologies such as AI, AR, and VR are being deployed extensively to retain customers amidst this technological and economic upheaval.

Double down on digital

For insurance firms, IT budgets were almost exclusively dedicated to maintaining legacy systems, but with the rise of InsurTech, it is imperative that firms start dedicating more of their budgets towards developing advanced capabilities such as predictive analytics, AI-driven offerings, etc. Insurance has long been an industry that makes extensive use of complex statistical and mathematical models to guide pricing and product development strategies. By incorporating the latest technological advances with the rich data they have accumulated over the years, insurance firms are poised to emerge stronger and more competitive than ever.

Using AI to curate a bespoke customer experience

Insurance has always been a low-margin affair and success in the business is primarily a function of selling the right products to the right people and reducing churn as much as possible. This is particularly important as customer retention is normally conceived as an afterthought in most industries, as evidenced in the following chart.

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        Source: econconusltancy.com

AI-powered tools (even with narrow capabilities) can do wonders for the insurance industry at large. When architected in the right manner, they can be used to automate a bulk of the standardized and automated processes that insurance companies have. AI can be used to automate and accelerate claims, assess homeowner policies via drones, and facilitate richer customer experiences through sophisticated chatbots. Such advances have a domino effect of increasing CSAT scores, boosting retention rates, reducing CACs, and ultimately improving profitability by as much as 95%.

Crafting immersive products through AR/VR

Customer retention is largely a function of how good a product is, and how effective it is in solving the customers’ pain points. In the face of increasing commodification, insurance companies that go the extra mile to make the buying process more immersive and engaging can gain a definite edge over competitors.

Globally, companies are flocking to implement AR/VR into their customer engagement strategies as it allows them to better several aspects of the customer journey in one fell swoop. Relationship building, product visualization, and highly personalized products are some of the benefits that AR/VR confers to its wielders.  

By honoring the customer sentiments of today and applying a slick AR/VR-powered veneer over its existing product layer, insurance companies can cater to a younger audience (Gen Z) by educating them about insurance products and tailoring digital delivery experiences. This could pay off in the long run by building a large customer base that could be retained and served for a much longer period.

The way forward

The Insurance industry is undergoing a shift of tectonic proportions as an older generation makes way for a new and younger one that has little to no perceptions about the industry. By investing in next-generation technologies such as AR/VR, firms can build new products to capture this new market and catapult themselves to leadership positions simply by way of keeping up with the times.

We have already seen how AR is a potential game-changer for the insurance industry. It is only a matter of time before it becomes commonplace.

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