How are New Age Technologies Powering Test Automation?
Test automation is not a new testing concept; however, it is still underutilized, with less than 20% of testing being automated. Test automation is among the top testing trends globally. The reason why test automation is still a global trend and will remain so in the next few years to come is because of the constantly changing market dynamics. For instance, companies like Uber and Airbnb have transformed the transportation and hospitality industry, respectively. They are major disruptors that have put their competitors out of business, with the help of technology. As a result of these changing technologies, enterprises need to be on their toes to not only adopt the latest digital technologies but also have the provision for testing these technologies swiftly. This is where new-age technologies such as AI/ML and innovation can help. Here are some of the ways new technologies and innovation can help in increasing the efficiency of test automation: Artificial Intelligence as a catalyst: Testing in today’s world is about efficiency in terms of reliability and time. Artificial intelligence assists test automation by making testing more efficient. AI/ML can help in quickly identifying the defects by going through the test files at a greater speed than a human can do. Moreover, AI/ML can be designed to create algorithms that can help in generating better test cases, scripts, and data. Additionally, predictive models can be developed using AI/ML that can provide insights on what, where, and when to test. AI, therefore, has tremendous potential to drive the next level test automation that would be much more efficient than its predecessors. IPs and Platforms: Automation platforms are a big help for testers. Typically, an automation test platform provides a quick turnaround and comprehensive automated test coverage with limited manual intervention, thus helping in saving time and performing tests 24/7. It also helps in overcoming the failures of manual testing, which in turn improves ROI. Having said that, one tool cannot fulfill all test automation purposes. Test automation platforms must be selected after thorough requirement analysis and the ease of use by the available testers in the business. Cloud technology driving test automation: Cloud technology has been one of the biggest technology transformation agents recently. This is applicable in test automation too. Testing in cloud is not only cost-effective but also scalable – cloud has the option to increase or decrease the required configurations as and when required. Additionally, testing in cloud provides support for all the available platforms, devices, and browsers and enables continuous delivery by allowing running automated test scripts immediately after code changes. Conclusion: Test automation has been in use for some time. However, the importance of test automation persists, and with the growing challenge of delivering quality products in the required timeframe, automation in testing remains valuable. The need of the hour is to leverage the latest digital technologies in delivering test automation that can cater to the above challenge and help businesses stay ahead of the curve. Tavant’s expertise in leveraging AI/ML, cloud, and data analytics, along with its test automation platform, has helped companies achieve significant improvement in their ROI. To understand how we can help, mail us at [email protected]. Sources: https://www.softwaretestinghelp.com/software-testing-trends/ https://www.forbes.com/sites/forbestechcouncil/2019/01/07/five-trends-that-will-shape-testing-in-2019/#197862e262a8
Tavant Invited to Speak at Western Secondary Market Conference 2019
SANTA CLARA, Calif., July 16, 2019 Tavant, a leading digital products and solutions company for the consumer lending industry, today announced that it is exhibiting at the Western Secondary Market Conference, from July 15-17, 2019, San Francisco. Mohammad Rashid, Tavant’s head of consumer lending practice will speak at the panel discussion titled ‘Profitability – Top areas of focus for independent mortgage bankers’ at Colonial Room, Westin St. Francis Hotel on Tuesday, July 16 at 10:30 a.m. At the conference, Tavant will demonstrate solutions that leverage machine learning and process automation techniques to bring a higher degree of loan fungibility in the secondary market. Tavant will also provide an exclusive preview of its AI-powered digital lending platform, TAVANT VΞLOX. VΞLOX brings a best-in-class fully personalized and device-agnostic user experience while reducing significant costs in the origination process. This AI-powered digital lending platform provides a single, integrated, hierarchy-based view of the entire pipeline, and provides lenders with the ability to drive the lending transaction seamlessly. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow. The suite enables clients to enhance borrower functionalities through FinXperience, deliver actionable customer and business insights based on deep learning models through FinSights, and improve collaboration between realtors, loan officers, and consumers with FinConnect. “The idea that superior borrowing experience leads to profitability and growth resonates with nearly everyone. Most lenders intuitively know to stay ahead; they need to focus more on meeting the needs of borrowers through digital mortgage capabilities. However, they don’t always measure the impact of their technology and their system investments on the consumer. We are dedicated to solving these challenges with deep industry expertise coupled with a variety of products on a single platform, specifically designed to enhance the overall digital customer experience,” said Vibhor Mishra, Tavant’s head of marketing. “Great customer experiences don’t happen by accident. Organizations need to develop a customer-experience vision and a plan to reach there. The Tavant VΞLOX suite of products enables a seamless channel, device, and interaction-agnostic experience across the loan application process. It creates a delightful customer journey and a seamless omnichannel experience. The suite helps businesses to grow origination volumes by 2.5X, improve pull-through rates by 25%, reduce origination costs by 35%, and reduce the average loan close time by 14 days,” stated Mohammad Rashid, Tavant’s head of consumer lending practice. Meet Tavant at Westin St. Francis, Booth #103 or e-mail us at [email protected] to set up a meeting with a Tavant expert or schedule a demo. About Tavant VΞLOX Tavant VΞLOX is the industry’s leading AI-powered digital suite of products that maximizes the use of data-driven processes in the automation of the loan origination lifecycle. It brings true digital disruption to the mortgage industry with an immersive omnichannel experience and high-velocity execution: from home discovery to loan funding. Find Tavant on LinkedIn and Twitter. Media Contact: Vibhor Mishra Tavant 408.519.5400 | [email protected]
Tavant Presents Mortgage Mavericks on the Midway during California Mortgage Bankers Association’s Premiere Mortgage Innovators Conference
SANTA CLARA, Calif., July 16, 2019 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced it is the exclusive event sponsor of the California Mortgage Bankers Association’s (CMBA) inaugural Mortgage Innovators Conference (MIC) taking place Aug. 11 – 13, 2019 in San Diego. This is the only industry conference specifically designed to highlight and bring together top innovators. During the conference, Tavant is presenting a special “Mortgage Mavericks” event aboard the USS Midway aircraft carrier, featuring live music, food and an opportunity to network with industry insiders and innovators. The MIC will feature speakers and companies that will provide practical innovation and improvement strategies for mortgage banking and digital mortgage implementation. Featuring engaging topics from Day 1 Certainty® to blockchain, the event will include presentations from industry insiders and will showcase demonstrations of leading technology solutions and platforms. Chuck Iverson, board member and conference chair for California MBA, said, “Tavant is the first name I think of when it comes to innovation and thought leadership in our industry. They are leading by example and have been instrumental in pushing the industry forward in this digital era. I am so pleased that we are partnering with them to share their unique industry perspective and insights regarding the critical role of innovation to the industry’s future success.” Iverson along with Tavant’s CEO, Sarvesh Mahesh, will kick-off the three-day event with an interactive discussion regarding what lenders need from their technology providers, as well as examining best practices from other industries and discussing how those principles can be applied within the lending market. Atul Varshneya, vice president, Tavant, is also hosting a “tech-talk” discussing how machine learning and artificial intelligence (AI) will shape the lending industry. Additionally, dozens of modern, innovative lending solutions and platforms will be demonstrated during the conference including Tavant’s AI-powered digital lending suite of products, Tavant VΞLOX. According to Tavant, digital lending continues to rapidly gain momentum, making this event both timely and relevant to all lenders. In fact, the company recently announced its expanding customer base originate one out of every four loans in the U.S., indicating the growing demand for digital solutions that are both flexible and scalable, but most importantly, provide a seamless customer experience. Attendees will also hear from recognized industry brand leaders regarding the latest trending topics, and will have the opportunity to participate in: “Tech-talk” presentations from industry’s top innovators, Demos from industry’s best-in-class companies, Presentations from Fannie Mae and Freddie Mac providing highlights of their innovation strategies, and The Innovation Lab, a technology meeting space for collaboration with industry partners and providers. Other featured topics of discussion include: How to turn big data into actionable intelligence, How will the customers experience change in five years, The “e” space: notes, closing, notary, and Strategies to improve execution and delivery. “We felt compelled to be involved with such an important industry conference,” said Vibhor Mishra, head of marketing, Tavant. “Like the California MBA, we are committed to innovation and to providing our customers a competitive edge in an increasingly demanding market. We will be discussing pivotal topics that will impact every stakeholder involved in the mortgage process. This is a unique event that allows lenders and investors to explore future strategies and share ideas with the industry’s best and brightest technology providers. I am pleased to partner with the California MBA in sponsoring this event and look forward to collaborating with the industry’s best and brightest during the Mortgage Innovators Conference.” Find Tavant on LinkedIn and Twitter.