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Ketryx Raises $18M To Accelerate Software Development Cycles In The Medical Industry

Ketryx Corp., a startup that offers connected application lifecycle management software that's tailor-made for the life sciences and medical industries, said today it has closed on a $14 million early-stage round of funding.

Today's Series A round was led by new investor Lightspeed Venture Partners, with participation from existing backers MIT E14 Fund and Ubiquity Ventures, bringing the startup's total amount raised to date to $18 million.

Like most other industries today, the healthcare sector has become reliant on rapid software development, and it has had an enormous beneficial impact on patient outcomes. However, software development takes place at such speed that much of the new code created by the industry is buggy. What's more, the code is becoming increasingly complex at a time when life sciences firms are looking to explore the potential of artificial intelligence-based applications.

Considering the especially complex regulations that healthcare companies must adhere to, it's no surprise that software development is becoming a significant challenge for the industry to keep up with. In particular, software quality assurance has become an "inhuman task," the startup says. It has traditionally always been done manually, but given the potential for harm if medical applications are vulnerable to risks, the industry desperately needs a more efficient solution.

Ketryx says it has come up with the answer, using software to automate the quality assurance and regulatory process for medical software applications, so risks can clearly be identified and mitigated before new code is shipped into production.

The startup boasts that it has built a team of experts who possess in-depth knowledge of software development, life sciences regulation and AI and machine learning. Its team members include former employees of Wolfram Research, one of the largest AI-powered knowledge engines in the world, as well as the biotechnology and drug development company Amgen Inc.

According to Ketryx, its Connected Lifecycle Management platform has been built around U.S. Food and Drug Administration regulations and quality standards. It is used to automate many of the manual tasks and processes associated with software development and quality assurance, and is customized for the healthcare industry.

Ketryx founder and Chief Executive Erez Kaminski said the company's mission is to ensure medical software is safe and reliable. "This is becoming paramount as software and AI rapidly permeate the healthcare industry," he said.

Using its platform, software teams can now automate tasks around documentation, process enforcement and traceability, supporting the use of modern developer tools and DevOps practices. Ketryx said it acts as a single source of truth, improving quality assurance and compliance by enforcing industry best practices across connected systems.

Holger Mueller of Constellation Research Inc. Said Ketryx's application lifecycle management software is especially useful now that AI is coming of age. "AI has the potential to accelerate medical research and drug development, but it needs to be 100% reliable," he said. "When software is faulty in healthcare, very bad things can happen and in the worst case people can get hurt. So it's good to see Ketryx focusing on this challenge, and it will be interesting to see the tangible benefits it can provide to healthcare companies."

The company uses its own software to design and release FDA-compliant and validated updates of its platform every few weeks, in addition to offering the same capabilities to others. It claims its platform is used by some of the biggest medical device manufacturers in the world to deliver regular software updates faster for oxygen delivery systems, surgical robotics, imaging diagnostics, clinical analytics and application-based therapeutics, among other applications. In addition, Ketryx uses its own tools to design, build and release FDA-compliant and validated updates of its platform every few weeks.

Looking forward, Ketryx said it will use the funds from today's round to accelerate product development and enhance its own platform, while expanding the commercial operations side of its business.

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The Ethics Of Software Development: Responsible Coding And Social Impact

Amidst the rapid technological advancements and the ever-increasing pervasiveness of software in our lives, the ethical implications of software development have emerged as a critical area of concern. Developers, as the architects of these digital tools, bear a profound responsibility to carefully consider the social and ethical impact of their creations. Responsible coding practices and a deep understanding of the potential consequences of software are crucial for ensuring that technology serves humanity responsibly.

The Evolving Landscape of Software Ethics

Software development has evolved from a niche field to a driving force behind societal change. From social media platforms that shape our interactions to autonomous vehicles that revolutionize transportation, software applications permeate every aspect of our lives. This ubiquity has brought to light the need for developers to carefully consider the ethical implications of their creations.

Key Ethical Considerations

Software development encompasses a wide range of ethical considerations, encompassing privacy, data protection, algorithmic bias, and social impact. These considerations must be addressed throughout the software development lifecycle, from initial design to deployment and maintenance.

Privacy and Data Protection: The vast amounts of personal data collected and processed by software applications raise concerns about privacy and surveillance. Developers must ensure that data is handled securely, ethically, and in accordance with data privacy regulations.

Algorithmic Bias: Algorithms, the decision-making engines behind many software systems, can perpetuate harmful biases, leading to unfair and discriminatory outcomes. Developers must employ bias mitigation techniques to ensure that algorithms are fair, unbiased, and inclusive.

Social Impact: Software can have profound social consequences, influencing political discourse, shaping consumer behavior, and even influencing mental health. Developers must consider the potential social impact of their creations and avoid creating tools that can be misused for harmful purposes.

By embracing ethical considerations in our software development process, we aim to create solutions that are not only technically sound but also socially responsible and beneficial to society. We believe that developers have a moral obligation to consider the impact of their creations, ensuring that technology serves humanity responsibly.

Litslink's (https://litslink.Com/)  approach to ethical development is deeply rooted in our core values of innovation, responsibility, and social impact. By prioritizing ethical considerations throughout our development process, we aim to create software that not only solves problems but also contributes to a more just, equitable, and responsible society.

Responsible Coding Practices for Ethical Development

Adopting responsible coding practices can help mitigate the potential negative consequences of software development and promote ethical outcomes. These practices include:

Privacy-by-Design: Integrate privacy considerations into the design and development of software from the outset, ensuring that privacy is a fundamental principle throughout the development process.

Transparency and Auditability: Design software to be transparent and auditable, allowing for the examination of algorithms and the detection of potential biases. This transparency enables stakeholders to understand the workings of software and hold developers accountable.

Human-Centered Design: Prioritize human needs and experiences in the design and development process, ensuring that software is useful, accessible, and inclusive. Developers should consider the diverse needs of users and avoid creating solutions that exclude or disadvantage certain groups.

Continuous Awareness and Improvement: Stay informed about ethical issues in software development and continuously evaluate and improve coding practices to address emerging concerns. This ongoing learning and adaptation are crucial for ensuring that software remains ethical and responsible as technology evolves.

Promoting Responsible Development: A Collective Effort

The ethical responsibility of software development extends beyond individual developers and encompasses organizations, communities, and the broader tech industry as a whole.

Organizational Commitment: Organizations should establish clear ethical guidelines for software development and provide training and resources to support responsible coding practices. This commitment to ethical principles should be reflected in organizational policies, hiring practices, and performance evaluations.

Community Engagement: Engage with communities and stakeholders to gather feedback, identify potential concerns, and ensure that software development aligns with broader social values. This engagement fosters an understanding of the needs and expectations of users and helps developers create solutions that are truly beneficial to society.

Industry Collaboration: Collaborate with other organizations and industry bodies to share knowledge, promote ethical standards, and collectively address emerging ethical challenges. This collaboration can lead to the development of shared best practices and the establishment of industry-wide ethical standards.

Conclusion: Embracing Ethical Software Development

Responsible software development is not just a moral imperative; it is a strategic necessity for the continued growth and trust of the tech industry. By embracing ethical principles, developers can create technology that benefits society, promotes fairness, and minimizes harm. As we move towards an increasingly interconnected and technology-driven future, the ethical responsibility of software development will only grow in importance. By fostering a culture of responsible coding and embracing ethical principles, we can ensure that technology serves humanity as a force for good.


Continuous Learning In Tech: The Importance Of Lifelong Education For BS In Computer Software Technology Graduates

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In the fast-evolving landscape of technology, the pursuit of knowledge is a never-ending journey. For graduates with a Bachelor of Science in Computer Software Technology, the importance of continuous learning cannot be overstated. As the industry experiences rapid advancements, staying abreast of the latest trends and innovations becomes not just a choice but a necessity. This article delves into the significance of lifelong education for these tech enthusiasts and explores how it plays a pivotal role in their professional growth.

The field of computer software technology is dynamic, with breakthroughs and paradigm shifts occurring frequently. What was cutting-edge yesterday may become obsolete tomorrow. Therefore, for graduates entering this domain, the commitment to continuous learning is crucial. Lifelong education ensures that professionals are equipped with the latest tools, languages, and methodologies, keeping them competitive in an ever-evolving job market.

Adapting to Tech Revolution:

As technology continues to revolutionize various industries, the demand for skilled software professionals is at an all-time high. Continuous learning allows BS graduates in Computer Software Technology to not only adapt to these technological revolutions but also to be at the forefront of innovation. Whether it's artificial intelligence, blockchain, or quantum computing, staying informed and educated positions these graduates as valuable contributors to the tech revolution.

Tech-Infused Running Shoes: A Case in Point:

To illustrate the impact of continuous learning, let's explore the fascinating intersection of technology and fitness. The latest trend in this domain is the integration of technology into running shoes. These smart, tech-infused shoes go beyond traditional footwear, providing real-time data on performance metrics, running dynamics, and even injury prevention tips. For computer software technology graduates, understanding and contributing to such innovations require a commitment to staying updated through continuous learning.

The Importance of Lifelong Education:

Continuous learning is not just about acquiring new skills; it's about cultivating a mindset that embraces curiosity and a thirst for knowledge. The field of computer software technology is diverse, encompassing programming languages, software development methodologies, and emerging technologies. Lifelong education empowers graduates to broaden their skill set, explore new areas of interest, and develop a holistic understanding of the tech landscape.

Enhancing Problem-Solving Skills:

In the dynamic world of software development, problem-solving is a fundamental skill. Continuous learning provides graduates with exposure to a variety of challenges, allowing them to refine their problem-solving skills. Whether it's troubleshooting a complex code, optimizing software performance, or addressing security vulnerabilities, the ability to tackle diverse problems is honed through a commitment to lifelong education.

Staying Relevant in the Job Market:

The job market for computer software technology professionals is competitive, and employers seek individuals who can bring fresh perspectives and up-to-date skills to the table. Lifelong education ensures that graduates remain relevant and attractive to potential employers. By showcasing a commitment to staying current with industry trends, these professionals position themselves as valuable assets in a job market that values adaptability and continuous improvement.

Networking Opportunities and Community Engagement:

Continuous learning extends beyond individual endeavors; it fosters a sense of community and collaboration. Engaging with industry events, conferences, and online forums provides graduates with networking opportunities and exposure to diverse perspectives. Building connections with fellow professionals, mentors, and industry leaders not only enhances their knowledge base but also opens doors to potential collaborations and career advancements.

Balancing Work and Learning:

One common concern for working professionals is finding the right balance between their job responsibilities and ongoing education. Fortunately, many educational programs and platforms offer flexible learning options, allowing graduates to pursue additional certifications, attend workshops, or participate in online courses without disrupting their careers. This balance is essential for long-term career growth and personal development.

Conclusion:

The journey of a Bachelor of Science in Computer Software Technology graduate doesn't end with the attainment of a degree. Instead, it marks the beginning of a lifelong commitment to learning and adaptation. Continuous learning is the linchpin that keeps these professionals competitive, innovative, and resilient in the face of technological advancements. By embracing the importance of lifelong education, graduates not only future-proof their careers but also contribute to the ongoing tech revolution that shapes the world around us.






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