The certification designation of “Small Disadvantaged Business” or SDB is significant. This term refers to small businesses that are owned and operated by individuals who happen to be socially or economically disadvantaged. These businesses possess unique potential and can make substantial contributions to the national economy. By recognizing and promoting SDBs, we ensure the democratization of economic opportunities, allowing everyone to participate and benefit from the capitalist marketplace.
The primary essence of a Small Disadvantaged Business centers on the fostering of entrepreneurial spirit among the socially and economically marginalized communities. Through this, it paves the way for drawing in untapped talents hitherto overlooked, curating a pool of diverse innovators and creators. When inquiring about SDBs, one is bound to realize that they are more than just a ‘business group’ – they indeed are a catalyst igniting the much-needed economic inclusion.
Moreover, Small Disadvantaged Business is not just a certification, but a classification provided by the Small Business Administration (SBA) in the United States. This classification enables SDBs to access various governmental and some private sector benefits, which include preferential treatment in federal contracting. These supports prove instrumental in helping SDBs overcome business challenges and subsequently, in fueling their growth.
Furthermore, SDBs employ a broad spectrum of Americans and enhance local economies, significantly contributing to job creation and economic growth. Additionally, they infuse innovation and diversification in the market, which expands product/service offerings and optimizes customer choices.
Understanding a “Small Disadvantaged Business” is your passport to a thorough acquaintance with the engine that fuels economic inclusion and diversification in our society.
Agile is quickly becoming the industry norm across various markets. This is driven by the hyper-competitive nature of today’s business environment. Organizations have discovered that leaner competitors are chipping away at their profits with ease. Most of these competitors have been using Agile methodologies to compete with organizations almost ten times their size. Of course, larger players are now catching… Continue readingFailure to Launch: Why Agile Fails
For people outside the tech industry, an API is an obscure concept that’s often misunderstood. Businesses that serve users over the internet often package their APIs as products; for example, access to Bloomberg’s server API requires an active account on Bloomberg and runs a company upwards of thousands of dollars. What role does the API play for the companies that… Continue readingWhat is an API? | An Introduction to Application Program Interfaces
We’re living in the digital era where everything is digital around us, and as our digital world continues evolving, your legacy apps must follow suit. Today, consumers are tech-savvy and demand innovative and advanced services, which forces businesses to undergo digital transformations of their systems and legacy apps. Therefore, it is essential to include plans for Fail-proof modernization of your… Continue reading8 Keys to Fail-proof App Modernization
The power grid is as crucial to the modern world as oxygen. However, it is something that does not usually take an important spot in our minds until it malfunctions. Climate change has been causing severe weather events around the world in the last few years, and previously hidden weaknesses of power the power infrastructure have come to a clear… Continue readingCloud AI Managed Power Infrastructure
As there has been an increase in the use of APIs, there has also been a growing demand to adopt safety measures to avoid security risks and secure your APIs. However, it is gradually becoming challenging to protect your APIs, but companies are taking measures to safeguard their data and their organization from potential attackers. Listed below are the top… Continue readingTop 5 API Security Threats Best Practices
If you’re familiar with the Scrum framework, you’ll know that it’s an agile approach to project management that helps software teams worldwide tackle increasingly complex projects. Despite the common perception that it’s inherently linked to software development, Scrum is actually a philosophy of work, a way of thinking about and breaking down tasks that focuses on adaptability and quick turnovers.… Continue readingScrum | A framework to achieve (when it isn’t marred by misleading metrics)
Microservices are an essential part of computing technology. It has gained much popularity and is now considered important in developing a robust architectural approach. In simpler terms, microservices refer to designing a software system that combines loosely coupled services. Instead of using a monolithic approach, software developers are increasingly inclining towards using the microservices architecture. The services in the microservices… Continue readingDifference Between the Three Types of Microservices
The global financial services market is worth $22.5 trillion, and it is growing rapidly while also making up about 1/4th of the world’s economy. This is a high stakes industry, and it consists of several service providers, including banks, investment firms, mutual funds, credit card issuing companies, and leasing companies that provide management of financial assets and retain customer details… Continue readingTop Cybersecurity Trends In The Financial Market
Modern applications rely on a complex web of components to carry out their functions. Allowing apps to function within this complex ecosystem without compromising security has been the biggest challenge for security administrators everywhere. Thanks to the advent and adoption of modern technology like cloud computing and IoT, applications and programs can no longer function in isolation. There is a… Continue readingPreventing Broken Access Control
We’re all familiar with the concept of debt. Most economies around the world today are built around the concept of credit and debt. A debt, simply put, is an obligation to pay an amount that you are receiving in the present. There are many reasons people go into debt, but the central principle is to fulfill an immediate need each… Continue readingManaging Technical Debt – A Brief Guide