Logistics industry is technology-intensive. We get to see a range of emerging technologies under research and development phases every year and another set of technologies making their ways toward commercial availability. A slight retrospection of the decade reveals that a number of new areas for research emerged while others moved onto the commercialization phase. In essence, technology in logistics is constantly evolving.
This article shares some of the innovative technologies that are highly likely to make commercial availability on a limited or large scale in the logistics industry. Each of these technologies mainly falls in internet of things (IoT), extended reality, automation, blockchain and self-driving domains.
5G integration into IoT for Wearable Technology in Logistics
The cases of IoT in logistics and supply chain are now frequently coming up. Fleet managers can track the locations of each vehicle in real-time while warehouse managers can verify the authenticity of goods. Besides warehouse staff can also locate every item instantly and determine ahead of time when the supply of a product falls short or exceeds the required limit.
The upcoming year would further intensify the use of IoT since 5G is most likely to get commercialized. The speed of data transfer between transmitters and receivers would increase manifold while latency would reduce remarkably.
Improvement in speed and latency is inevitable now because real-time data information sharing is no longer a choice. Instead it is a compulsion for a range of reasons. The two most pressing reasons include:
The US alone suffers from as much as $43 billion annually in food losses. There is an increased demand from regulators as well as retailers and consumers to place perishable items under real-time surveillance.
Apart from food losses, supply chain leaves a huge carbon footprint. As the governments are pushing businesses to implement strict policy for reducing emissions, the businesses have no or little choice except complying with standards.
The number of logistics operators integrating IoT in fleet management systems is going to increase significantly in 2020. Businesses would be required to integrate sensors in fleet that monitor humidity, pressure and temperature and share the results with fleet managers in real-time.
Besides, the use of sensors identifying amount of emissions and the corresponding data sharing medium within a logistics management software would also witness a sharp hike. Each operator would eventually require publicly sharing data about emissions to democratize the entire logistics chain.
Robotic Process Automation for warehouse optimization
The use of QR codes and subsequently, RFID tags enabled warehouse managers to do away with the task of verifying each item manually. QR readers are extensively used in at warehouses and retail stores to confirm authenticity of a product.
Besides, QR readers also enable staff to find price of an item instantly. Scanning a unit having QR code with QR reader shares the results on a dedicated mobile app. This is helpful in multiple ways
A store owner can remotely confirm if a product is available in sufficient quantity or not.
The managers can tackle counterfeiting of products. Moreover, smart warehouse technology in logistics management also prevent expired or smuggled product units.
Staff members of a store can locate a unit instantly.
Warehouse managers can perform effective aggregate planning by ensuring that supply corresponds to demand.
Mob Inspire delivers field service management software customized to each operator’s needs. The software solution with its extensive range of robotic process automation tools eliminates the need to perform manual warehouse management. You can keep as little workforce as you wish by adding the amount of automation.
Blockchain Technology in Logistics for instant payment verification
The amount of time consumed in delivering a shipment from one part of the world to another is unnecessarily huge. Each shipment has to be verified for smuggling, payment verification, and counterfeiting by a number of stakeholders including manufacturers, warehouse owners, retailers, end consumers and regulators. Consequently, the cost of logistics also increases significantly apart from time.
Blockchain is widely regarded as the most viable solution for 2020 and beyond. All major fleet operators including MAERSK with its largest containership fleet are adopting blockchain. The effectiveness is not limited to fleet management. Blockchain based logistics management software is also causing a revolution in retail store management.
Two of the most noteworthy use cases of blockchain technology in logistics management include:
Card-less Payment and Verification
Payment through cash was already a thing of past. Blockchain enables you to move even a step ahead to eliminate centralized banking entirely. The decentralized banking through cryptocurrencies allows you to make payments through bitcoins. You can even have your own cryptocurrency if you intend so.
Apart from payments, logistics operators are successfully verifying payments through blockchain in a remarkably lesser time. The verification that took days in the past takes only a few seconds now. Besides, blockchain enables you to democratize transactions by allowing each stakeholder to have visibility of payment history in real-time.
Retrospective Tracking of Goods
Blockchain provides another strategy to track perishable goods. Each stakeholder can find the date of production and duration of travel for the unit being shipped. The involved parties have the access to entire history but none of them can forge or delete data since blockchain technology is immutable.
The tracking through blockchain is highly efficient in tackling the counterfeiting of drugs – one of the biggest challenges in global pharma industry today. Each block provides exact and immutable details of the origin of a drug to ensure that retailers do not accept consignment with counterfeited units.
The accumulative losses from delays in transportation, drug counterfeiting and foodborne diseases are of the order of several hundred billion dollars. Thus, blockchain based logistics management app solutions are inevitable for transportation and logistics industry.
The commercial framework for autonomous fleet in supply chain
Autonomous vehicles are rapidly becoming a norm. The year 2019 remained revolutionary with multiple operators launching level-3 self-driving vehicles. Apart from Tesla for private use, Uber and Waymo are utilizing autonomous vehicles for ridesharing purposes.
Although there are incidents involving crashes, yet the probability of an autonomous vehicle crash during a journey is very small relative to conventional vehicles. The number of miles traveled against that of crashes confirm this claim.
The encouraging results are pushing logistics fleet owners to introduce autonomous vehicles in supply chain too. Some of the sea-based and aerial logistics operator already have autonomous systems. However, a number of operators would introduce ground based autonomous fleet.
“Automated or self-driving vehicles are about to change the way we travel and connect with one another.”
Elaine Chao – U.S. Secretary of Transportation
Some large-scale logistics business managers are partially operating autopilot in vehicles. The autopilot technology in logistics is extensively used during intercity travels where traffic is minimal. The vehicles in the fleet are capable of applying brakes as soon as the leading vehicle applies brake.
This strategy is proving to be paying so well to research and development in fleet efficiency. The vehicles traveling at constant speed with calculated inter-vehicle distance ensure minimal air friction. Consequently, there is a considerable reduction in fuel consumption.
The commercialization of level-5 autonomy is highly unlikely to be on the cards anywhere before 2025, a number of businesses however would be introducing partial autonomy by the second half of 2020.
Extended reality to facilitate drivers and augment driving experience
Some of the major logistics service providers and vehicle manufacturers are introducing augmented reality features in vehicles for a highly immersive experience. The information including but not limited to weather update, cabin temperature, driving speeds, usual and unexpected blockades is now ubiquitous.
The fleet operators can also mark milestones virtually so that drivers would be able to see each labeled object and the corresponding information in real-time. Moreover, you may also provide real-time 3D navigation facility to drivers so that they find and traverse the most optimized route.
Google announced AR Maps earlier this year and launched what it calls Live View. This feature in Google Maps, still in its testing phases, is set to make widespread adoption in 2020.
Apart from enhancing driving experience, augmented reality technology is also enabling truck drivers to repair minor faults. The combination of wearable gadgets mainly AR glasses enables drivers to find the fault lines and take corrective measures.
Many logistics operators are starting to offer a selection of these AR features. DHL shares some of the use cases of augmented reality and wearable technology in logistics in this brief video.
Transportation industry has over 13.3 million employees in the US due to the repetitive jobs. Utilizing extended reality technologies effectively can save a huge volume of costs. Some glimpses from DHL indicate that businesses employing AR would make huge gains in 2020.
Logistics in 2020 – A Recap
Do you look forward to 2020 and beyond?
Logistics industry continues to evolve with innovative technologies. While AI, big data and IoT technologies are around for some years now, many new inventions and advancements including blockchain and 5G are setting feet deeper into delivery, logistics, and transportation.
Mob Inspire stands among the top technology solution providers and logistics app developers in the world with a range of digital solutions including field service management software, last-mile delivery solution, and logistics management.
Do you intend to optimize your logistics business or aim to launch one from scratch? Contact us today so that we can develop a feasibility study and provide you with a comprehensive business plan before moving on to development phase.
Mobile app development industry is now well above a decade old. During this time, the industry managed to attain a number of remarkable feats which collectively lifted app development up to the contemporary level. The well-built apps are recognized by interactive theme, solid user experience, high efficiency, and strong compatibility with underlying platforms.
Over the years, a sizable number of categories have emerged with the two most generalized ones include Enterprise Apps and Consumer Apps. This article delineates the two categories including the subcategories in each before sharing Mob Inspire’s methodology toward mobile app development.
These apps are organization-specific. In essence, they are designed to assist a company or its associates to perform official activities comfortably with optimized costs and in lesser time. These apps are usually unavailable in App Store and Google Play.
1.1 Enterprise Mobility Apps
Enterprise mobility is the practice of utilizing technology which enables employees to work remotely. Employees can access organizational data and perform a range of official activities using smartphone apps. It comprises mobile device management (MDM), Mobile Application Management (MAM), Mobile Security Management (MSM), and Mobile Content Management (MCM).
Mobility in organizations is attaining more attraction owing to the lightning fast internet speeds and sufficient security apparatus for remote working. Apart from the ability to work from anywhere, enterprise mobility apps also increases the collaboration between geographically distributed teams as well as team members working at the same workplace.
The owners and executives need to know the progress of businesses by assessing various departments and key performance indicators. Information systems provide the periodic reports enriched with graphs, charts, tables, and other dynamic data visualization techniques.
Apart from executive information system (EIS), enterprises also utilize management IS, and decision support systems (DSS). Data processing is performed at the stage of DSS whereas MIS defines the corporate strategy based on the outcomes of DSS. The IS app development for mobile enhances the productivity by manifolds.
1.3 Enterprise Resource Planning
You must be aware of ERP solutions if you are a business owner. The remarkable success of these solutions and research in it over the years pushed us four years back to introduce mobile ERP as well. Like desktop-based and web-based applications, mobile ERP also offers high visibility of core business operations. They allow efficient resource optimization and information flow between various departments of business.
Accessibility of ERP tools through smartphones and tablets provide remarkable portability. Mobile ERP ensures real-time access and lowers operational cost significantly.
Like ERP, mobile CRM was also introduced in the middle of current decade. The growth of internet traffic from smartphones and tablets increased multiple times every year. Consequently, smartphones make up the major proportion of internet traffic amounting 55%. This percentage does not include the traffic from tablets and other smart devices.
Availability of mobile CRM is not only productive for employees. It also facilitates customers to seek your services from anywhere. For instance, a customer can make a query or place an order while traveling. Either way, enterprises enhance their reputation by improving relationship with customers.
1.5 Human Resource Management
It attained incredible success as employees are able to access their monthly attendance and periodic performance audit reports on mobile phones. Mob Inspire performed HRM mobile application development with varying features for multiple clients over the years. The variation in features depends on the client’s business requirements.
For instance, one of our clients wanted to incorporate automated candidate search by matching the resumes with intended job description. Mob Inspire experts developed the solution which prevents HR managers from exploring through hundreds of resumes for a single position. It filters out the irrelevant candidates and shortlists those with suitable qualification.
1.6 Product Management Apps
The product units in warehouses and delivery vehicles undergo extensive security checks to prevent counterfeiting and fraudulent activities. Despite enormous time consumption and excessive spending of money, these checks are unable to ensure satisfactory efficiency. Nevertheless, the leverage of technologies including IoT, blockchain, and AI ensure remarkable efficiency – that too with high resource optimization.
One notable use case of IoT is the assistance in aggregate planning. Moreover, it also aids in transportation by verifying products without needing to unload them. Blockchain mobile app development makes money transaction highly transparent and secure with immutable distributed ledger technology.
1.7 Financial Management Apps
May it be invoice received at customers’ end or financial audit report at employers’ end, financial apps are vital for business processing. Although HRM and financial management applications are parts of ERP, yet Mob Inspire performs mobile phone application development for these software systems separately as well.
Financial apps provide the details of transaction and the shortcomings in the process. Fintech application development for mobile is bringing revolution to financial services and management. Most notably, Blockchain and Big Data modeling are the key innovations of the current decade and their integration within financial apps ensure substantially high efficiency in business operations.
2. Consumer Apps
Apps for consumers make up an excessively vast domain. Google Play alone has 60 categories out of which 17 are specific to various kinds of games and 9 for content particularly for families and children. Rests of the 34 app categories belong to a wide range of fields including medical, magazines, and weather among others. App Store also has 28 distinct categories.
Statista reveals that Games category makes almost a quarter of total apps available on App Store followed by business and education apps at 9.76% and 8.52%, respectively. Google Play also indicates similar results. Thus, some categories are more significant than others. Mob Inspire redefines the app categories as follows.
2.1 On-demand Apps
The on-demand mobile app development has caused more disruption in various industries than any other category. The collective valuation of companies whose business model comprises on-demand apps such as Uber is markedly higher.
In a span of less than 10 years, the valuation of Uber alone is worth $82 billion – as per independent reports. Scores of ride-hailing startups are emerging every year with cosmic funding. This on-demand business will continue to attract money for a couple of decades more before attaining sustainability. On-demand apps have entirely redefined taxi business by providing facilitation to customers without charging more.
2.1.2 Delivery and Logistics
The two most notable aspects of on-demand delivery services that distinguish them from traditional logistics is the last-mile and same hour delivery. The availability of apps ensures that businesses can transport perishable items as well. For instance, Grubhub, Uber Eats, and other food delivery services deliver the ordered meal in less than 30 minutes in most cases. These services are not confined to food delivery. The startups offering parcel delivery and grocery delivery like Postmates and Instacart, respectively are making substantial gains.
Arranging a doctor’s visit to patient’s home instead of the other way round makes on-demand healthcare highly attractive. Moreover, it also enables patients to seek services of physicians remotely. There are multiple kinds of businesses emerging in on-demand healthcare sector. The most notable ones include on-demand nurses, ambulance, and telemedicine. Global healthcare market is projected to reach $60 billion by 2020 with the current growth rate of 60%.
2.1.4 Home Services
Although all on-demand services are offering impressive opportunities for gig workers, yet home services are on top. The startups like Handy and TaskRabbit provide a marketplace for gig workers where consumers can seek services from most suitable workers. The success of these startups is a sufficient indicator to convince investors for investment in mobile application development for home services.
2.1.5 Laundry Services
Many service providers place on-demand laundry in home services. However, laundry services make multi-billion dollar industry alone. Thus, Mob Inspire places it into a separate subcategory of on-demand services. The success of laundry service providers like Mama Wosh indicate that on-demand industry is capable of raising millions of dollars for a startup by merely targeting the most tedious home chores.
The earning from provider services to consumers is not the only revenue stream for on-demand beauty apps. Such apps are heavily sponsored by local and international brands which offer cosmetics and skincare products. They use in-app advertisement as well as collaborate with service providers to increase their product sales. Thus, this advertisement enables at-home beauty service providers to significantly increase revenues.
Structure of On-demand Apps Platform
The most successful on-demand app development for mobile platforms comprises of an app each for consumer and agent as well as desktop-based dispatch and admin panels. These panels are integrated with mobile apps to ensure seamless services. Dispatch panel facilitates the connection between consumer and service agent whereas admin panel provides dashboards and real-time information to get valuable business insights.
2.2 Entertainment Apps
The second subcategory in consumer apps is entertainment. While on-demand apps make the highest combined valuation, entertainment apps attract the most number of downloads owing to the presence of Games category.
Games does not only make up the category with most number of downloads but also comprises multi-billion dollar worth of businesses. Pokémon Go currently values at $4 billion while PUBG Mobile made $1 billion in 2018. The size of these games is multiple gigabytes reflecting the fact that they require sizable investment for their mobile phone app development. However, many lightweight apps including Candy Crush and Angry Birds managed to remain on top of the charts as well. Some ultra-lightweight apps like Flappy Bird also made significant gains.
2.2.2 Music Player
A massive number of music player apps already exist on application stores. More such apps make their ways every year. Despite this abundance, some of the apps manage to attain millions of downloads. Consumers look for apps which introduce innovative features without compromising performance. For this reason, some apps winning consumers’ attraction in the beginning fail in the long term. Thus, Music Player category is highly attractive if the app is good enough.
2.2.3 News and Magazines
Online publications are the main source of news for 44% of Americans. This percentage is above 60% in many countries. Moreover, these numbers are swiftly growing with rapid smartphone penetration and remarkable internet speeds even in the remotest regions. Apart from online magazines, blogs, and newspapers, eBooks are also making substantial gains owing to the availability of apps. With incredibly growing demand, there is a huge room for introducing more apps for news.
2.2.4 Video On-demand
The current market size of over $58 billion is projected to cross $91 billion by 2023. Although video subscription channels like YouTube and Daily Motion are the reasons behind initiation of this industry, yet Netflix and similar services are now the most crucial promoters. Mobile app development in VoD sector has the ability to earn more profits for entrepreneurs than social video sharing platforms because paid subscription generate a significant amount of money.
2.3 Education and Utility Apps
The apps providing online education and utility tools are rising in demand owing to the fact that students keep searching for ways that can optimize time. Consequently, the apps providing marketplace for tutors are also attaining consumer attraction. Utility apps are among the least costly when it comes to mobile phone application development.
The excessive number of apps providing content specific for children and adolescents indicates their influence. Besides, the apps are also among those getting highest number of downloads. Although the presence in high numbers makes it tough to earn through paid subscription, yet advertisements work very well. These apps are now easier to locate since the introduction of Kiddle – Google’s search engine particularly for minors.
2.3.2 Health and Fitness
At-home workout training and guidance is one type of fitness apps which has already grown markedly. One of the most emerging types of health and fitness apps includes meditation for mental health. These apps are eliminating the need for keeping on-premises training centers. The business models also vary as many apps own the entire content while some of them offer marketplace for independent trainers.
2.3.3 Personal Task Management
One would barely use sticky papers when task management apps are capable of scheduling daily, weekly, and monthly plans. Mostly, these apps vary in the number of features with some app owners providing comprehensive management tools for social, academic, and professional activities. Thus, the investment does not carry any significant risk of failure even though failure probability is very low when app is built and marketed properly.
Many categories discussed earlier mentioned marketplaces. These are platforms which provide a gateway for consumers and businesses to connect. For instance, two consumers can use eBay to buy and sell their belongings. However, there are some business models where marketplaces are essential.
Marketplaces specific for online shopping can either sell company-owned services or it can be used by other retailers. Former is an example of B2C marketplace introduced initially by Amazon. If you are facing a financial crunch, it is wise allowing retailers to use your app to reach customers instead of spending extensively on starting your own retail store. Either way, marketplaces for shopping possess massive potential for global success.
2.4.2 Social Media
An impressive 89% of students in the US rely on social media for news (Statista, 2019). Although the concerns of fake news initially carried prospects that social media would not remain a primary source for news, yet the introduction of robust verification schemes by major networks including Twitter and Facebook are making these networks as reliable as traditional news networks. The widespread perception traditional media presents biased opinions push consumers more toward adopting social networks.
2.4.3 Real Estate
There are not only the real estate startups whose business model entirely stands on apps but traditional businesses as well. Realtor and Zillow are notable examples. Thus, the real estate professionals aiming to evolve their businesses need to invest in mobile app development for the purpose. Such apps do not only connect sellers and buyers but also provide gateway for safe, transparent, and quick transaction.
Mobile Application Development Methodology
The categories chart and its details indicate the wide variation in mobile apps. However, the app development methodology remains identical for each type of apps. The difference lies in the selection of frameworks and libraries. For instance, the apps integrating features of virtual or augmented reality require libraries of ARkit and ARCore for iOS and Android, respectively. Mob Inspire uses Agile Methodology for native app development.
Agile Methodology using Scrum Framework
Agile is the replacement of traditional software development methodologies. This methodology used by top mobile app development companies enables developers to carry out development and testing simultaneously so that there is least overhead of fixing bugs in the end. The traditional waterfall model is highly risky because the excessive number of errors may end the project in failure.
Agile is in practice at Mob Inspire for eight years. Our developers have made their own frameworks to cope with various situations. The 11 years long existence in mobile app development industry has allowed us to work on a wide range of projects in multiple industries.
The foremost stage is the understanding of objectives which you are trying to achieve. At this stage, the business managers would speak to you to seek every piece of information associated with the business idea. There is no feasibility study at this stage. Instead, the focus is to understand the goals. However, the managers duly inform you if there is anything wildly impractical in the tentative time and budget.
This stage involves development of feasibility study to ensure more clarity in the business model. The development team craft specific and distinctive use cases which can ensure achieving objectives. They define project workflow to associate responsibilities with each team member and time-scale network to estimate completion of project. Time-scale also includes the tentative deadlines to develop each module. In essence, scope refinement stage is a comprehensive blueprint of entire project.
Prototypes and Wireframes
The availability of scope enables designers to develop tentative designs of app pages. These designs called wireframes allow you to approve the appearance of pages including color scheme and theme. Wireframe development saves you a considerable cost and time which is consumed in making frequent changes to design. However, wireframes are only static images which are unable to demonstrate behavior of buttons and links. Prototypes enable you to evaluate behavior as well.
Development and Testing
Once you approve prototype, the stage of development kicks off. Under Agile Methodology, Mob Inspire experts perform development tasks in sprints. The total number of sprints depends on the scale of project. The experts aim to develop a predetermined number of modules in each sprint. One notable and highly effective strategy of Agile is the parallel testing. The testers and quality assurance team members work in collaboration with developers to perform testing side-by-side with development.
Launch and Maintenance
The deployment and launch of app must ensure that it integrates well with the existing business architecture. If there is an existing database, the datasets should be efficiently transformed to be accessible from app. Mob Inspire experts do not only ensure smooth launch but also provide limitless maintenance of app. Moreover, you can also assist you in scaling up the app with more features as required in future.
The years of experience in various industries enabled us to understand dynamics of a range of industries. Our marketing strategies ensure that you reach maximum audience from the relevant niches. Mob Inspire marketers help you in defining user persona and run the most effective business oriented marketing campaigns.
Native App Development
Although developing cross-platform apps is easier and less costly, yet Mob Inspire stopped offering such apps few years back. Platform independent apps have significantly less efficiency. The competition in market and the benchmark set by top apps indicate that efficiency in terms of speed and size is the top factor in success of apps. Thus, development of separate apps for Android and iOS platforms – usually referred to as native app development – is the suitable approach.
Kotlin for Android App Development
The developers at Mob Inspire use Kotlin language for Android app development. Google also recommends Kotlin as this language is highly compatible with Android Operating System. One of the most attractive features while using Kotlin is the ability to use Java libraries without wrappers and adapters. Thus, developers attain the simplicity of Kotlin and the power of Java. Moreover, Kotlin allows development with both object-oriented and functional approach.
The comprehensive app development approach of Mob Inspire enables it to consistently feature in rankings for app developers issued by credible firms.
Swift for iOS App Development
Swift is completely replacing Objective-C as the de facto language for iOS app development since its launch in 2014. Its widespread acceptance by global iOS community enabled it to make into the list of top 10 most sought-after software development skills as rated by TIOBE. Consequently, the number of apps annually developed using swift would bypass those by Objective-C in less than two years. The upcoming Swift 5 is about to release as iOS developers at Mob Inspire look forward to it.
The businesses from a wide range of industries are in collaboration with Mob Inspire to fulfill their software development needs. We would love to become your partner too. Contact us so that our professional mobile app development teams can assist you in aligning your business to the path of success.
It is not unwise to label the United States as the land of startups and small businesses. Although the country hosts world’s biggest corporations, yet 89% of firms have less than 20 workers. Around 69% of startups begin at home while 56% of the total launched startups manage to exist beyond five years. An idea and its implementation are the principal causes behind any profitable startup business.
One of the previous articles shares the key to building a startup from scratch. This article shares the most profitable business ideas for the current and upcoming times. The selection of these ideas is based on multiple parameters including industrial demand, cost-effectiveness, and massive return on investment. Successful case studies also accompany each selection. Latter half of the text shares some of the top startup failure factors.
Most profitable startup business ideas
It is an undeniable fact that implementation and management of business idea is far more significant than the idea itself. Nevertheless, ideas also play a crucial role in ensuring growth and consumer admiration. Following are some of the most profitable low-cost ideas picked by our editor.
On-demand Home Cleaning Services
One of the top selection parameters is the ability of a service in addressing problems faced by majority of the users in a region. Every household needs to fulfill home cleaning chores regardless of how they do it. Surveys from credible organizations indicate that a significant number of households in the US are ready to pay for on-demand services once they are available in their area.
The startups like Handy and Thumbtack do not have to employ permanent workers. Instead, they provide marketplaces where consumers and workers can connect. This ability reduces the operational and management costs considerably. The only one-time cost for such a business would be the acquisition of on-demand mobile solutions.
On-demand food business is the most profitable business with low startup costs. There are some businesses with greater revenues but the profit-to-cost ratio of food delivery startups is lowest. For the same reason, a number of startups in this area are leading toward becoming unicorns.
Food delivery is also one of the few business models which are applicable in every developed and developing country. One notable example is the emergence of two unicorns in India. In the US, Grubhub, Uber Eats, Doordash are some of the on-demand food startups likely to join billion dollar club soon.
Tutor on-demand services are gaining momentum faster than one would imagine. Statista research from 2018 unveils that 13% of the US residents utilized tutor besides formal education.
This number does not include the individuals obtaining informal education through remote tutorship. Moreover, the percentage growth indicates an incredible number of new consumers are adopting on-demand tutorship annually.
Such a business does not necessarily have to provide teaching of formal sujects. Instead, you may choose to provide mentorship to athletes or physical fitness training as well.
Analysts forecast that on-site tutors will cease to exist in less than five years due to rise of on-demand alternatives. Apart from being a profitable low-cost startup business, on-demand services also provide low-cost substitute to consumers.
It also ensures eliminating geographical limitations. Therefore, students may choose a teacher of their choice out of all available for on-demand teaching.
The Failure Factors
Unlike widespread belief, luck plays little or no role in shaping the destiny of startups. Research indicates that there are undeniable factors leading to startup failures. Following are three of the most frequently occurring reasons.
Absence of Appropriate Business Model
Many young entrepreneurs embark on ambitious journeys to reach the level of industrial leaders with a perception that their unique idea will thrive.
Ideas are not as significant for establishment of profitable startup business as the approach to implement them. Unfortunately, most of startups fail to develop a blueprint and implementation path for their business.
Business model should define the revenue streams. For instance, food delivery startup Grubhub generates revenue mainly from three sources. These include sponsored prioritized search results for food outlets, delivery outsourcing service for restaurants, and delivery charges from customers. Some other may also use advertisement as a revenue generating source. However, grubhub prefers not to use it.
Moreover, inflexibility is also a major cause of failure. Owners must ensure that the business offers flexibility to scale-up over the time. Besides, the business should also carry the ability to evolve with technological innovations. The startup development services at Mob Inspire enable you to craft an effective business model and develop a highly promising solution.
Loopholes in Software Systems
Most of the startups emerging in the current decade require supporting software systems. These systems reside at the core of business architectures. Unfortunately, startup owners with lack of technical knowledge end up employing inefficient developers.
Mobile apps accompanied with monitoring software make the foundation of startup. Imagine the magnitude of dent on companies like Uber, Grubhub, Postmates, and Handy if their mobile apps suddenly stopped working.
Software must ensure that it provides a simple but pleasing interface. Many companies overcrowd their app in a bid to appear fancier. Consequently, the usability becomes intensely low as non-technical users are unable to effectively use such apps. The performance of app also plays crucial role. Users will prefer switching to another similar service if app speed is relatively lower.
Although startups have more cost-effective and productive marketing opportunities than before, yet appropriate utilization is essential for success. Before launching marketing campaigns, the managers should have an understanding of demographics and interest groups which may convert into customers.
Besides, you also need to have a comprehensive marketing funnel. Such a hypothetical funnel classifies the visitors of your website, ad, or app.
This classification enables you to determine the probability to determine if a visitor can convert into a customer or not. There are scores of free and paid tools available to evaluate the behavior of visitors.
The choice of startup ideas indicates that profitable small businesses with low startup costs require flawless implementation. Efficient software systems often turn relatively lesser known ideas into remarkable revenue generating engines.
Mob Inspire carries a decade long experience of helping startups in growing up to their potential. Contact us today so that we can start exploring new opportunities to streamline your business.
The past two decades have seen remarkable technological developments. These progressions are enabling businesses around the world to make worldwide collaborations instead of confining to a certain region. As smartphone apps for startups and established businesses are becoming essential, these collaborations are yielding amazing results in the form of app development outsourcing.
The practice of outsourcing app development results in undeniable benefits for businesses. Meanwhile, there are some challenges as well. Fortunately, you can overcome the challenges by taking measures as mentioned later in the text.
Benefits of Outsourcing Mobile App Development
You can get the most relevant skills for app development without permanently hiring an individual. It is impractical to permanently hire individuals from various fields with top skills without an increase in costs.
You can ensure a significant reduction in costs of operations and recruitment. Hiring any individual as a full-time employee requires provision of benefits. The monthly wages and cost of benefits in the US are more than the sum of average hourly costs.
The in-house teams can focus on existing tasks instead of opening another front. Working on way too many tasks increases the probability of errors. Besides, this ability also saves the time of teams.
In-house app development puts the entire failure risk on your company. Although the odds of failure are minimal with a skillful team, yet one cannot rule out the possibility. Outsourced companies are liable to failures. They have to pay reparations in case their teams fail to deliver.
Challenges Involved in App Development Outsourcing
Challenging tasks often yield fruitful results if one is able to take on them effectively. Following are some of the challenges arising in outsourcing.
Finding the appropriate developer for outsourcing is a tough task considering the sea of profiles overflowing the internet.
Some outsourced developers delegate your assigned task to another developer. You may have found and outsourced the task to a suitable agency, but this action does not guarantee success. Thus, you need to ensure that the developer works.
Some newly established outsourcing companies are highly volatile. They are in search of many projects so that they can populate their profile with case studies. Most of the companies fail to sustain beyond this phase. If your company is one of the clients, you will not be able to claim compensation once your outsourcing agent is broke.
App development outsourcing may trigger serious troubles if the culture and language of an agency vary significantly from that of yours. This challenge may cause management problems resulting in persistent delays and undesired behavior of apps.
How much does it cost to outsource app development?
Cost of outsourcing varies depending on the scope of the project. As the number of features and details involved in feature increases, the cost varies directly.
Mob Inspire has a wide range of experience working on different apps. Each of our clients had unique features. Thus, the cost also changed correspondingly.
Recommendations for Successful Outsourcing
Explicit Use Cases
Before hiring a company for app development, it is advisable to be sure about what you are trying to achieve. Many business owners present a vague business model to developers who end up developing unintended software.
Note that you do not need to know the technical details of app. The decision to use the kind of coding languages, frameworks, and approaches rests on the development agency. All you need to share is the behavior that you want the app to reflect.
An inexperienced developer can still understand your desired app features despite unclear use cases. Such a developer will most likely develop a decent app. However, one may exploit the ambiguities in use cases to mint more money.
Choosing the Developer
Selecting the developer is crucial for app development outsourcing because this is the single most significant task defining the success probability of your business.
Scores of independent analysts reiterate that outsourcing the development task to an experienced agency is advisable than to a freelancer. Any company with multiple years of experience of building a wide range of apps knows the specifics of various kinds of apps. In contrast, a freelancer lacks the appropriate resources which could aid in different phases of development.
Nevertheless, the selection is not challenging if you follow a couple of rules.
1. Interview a company’s representative. This should be an employee, particularly a business development manager with technical knowledge. Such an individual can bridge the gap between you and the development team.
2. Ensure minimal communication and cultural buffer. Your developer will not be able to understand your intended app model if one has problems in understanding your language. Besides, cultural differences also affect the app. Apart from other reasons, geographical region also influences app design and its content development.
Absence of documentation often results in disputes. You need to ensure that the contract has clearly defined clauses. Every primary stakeholder should have knowledge of costs.
Moreover, the contract should also feature the conditions cost hike and reparations in case of failure. You should make sure that the company does not delegate the task to another developer. Otherwise, the app may not face any performance glitches, but it would still be unable to cater to your business needs.
Tackling the After-launch Glitches
Errors and bugs in software emerge regardless of the skill or experience offered by the developer. Nevertheless, the distinguished companies take on such after-launch challenges and satisfy their clients.
One of the reasons for preferring agency over a freelancer for app development outsourcing is the volatility of individuals. An experienced company is very less likely to face closure. Contrarily, a freelancer may not be available to eliminate errors and perform future maintenance.
Security Risk Management
Beware! You are not only sharing your business model and the intended use cases. Most of the times, you will also have to share personal and business data whether to outsource iOS app development or an android one. Data security concerns are rising owing to the increase in the annual number of breaches.
Therefore, the developer needs to ensure the highest level of security of data confidentiality. One should also know the consequence of leaking any confidential information.
Mob Inspire carries the privilege of building unparalleled apps for dozens of companies. Contact us today to become one of our valued clients.
What makes the selection of an app developer far more challenging than choosing a fast food brand? Unlike food outlet, you have thousands of options for mobile app development. Internet is swarming with the companies advertising to build an app for you. To make an appropriate choice, you need to make a list of top app development companies.
The criteria for evaluation widely vary depending on the parameters. However, some of the criterion points measure the efficacy of a company more precisely than others.
How to determine top mobile app development companies?
None of these criterion elements alone are sufficient to decide the best app developers. However, they make a truly comprehensive evaluation criterion collectively.
Noteworthy Case Studies
There is no evaluation criteria as good as working case studies. The more the number of successful cases, the higher is the probability for the company to be good enough.
Nevertheless, one cannot rule out exceptional cases. Many nascent companies do have a decent workforce which enables them to flourish in the long run. However, you will have to be trustful to the utmost extent to put your time and money on stake for an inexperienced company.
Case studies are the shortest ways to distinguish top app development companies from ordinary ones.
Beware! The listed case studies do not necessarily suggest that the company successfully built those apps. Following are the tricks to grab your attention unlawfully.
The app was never built. Only a logo of fake app appears on the site. This trick works because most visitors barely go into details of each case.
The app is a huge failure. However, the developer presents it as a comprehensive success.
Most enterprise apps are unavailable on app stores because these apps have only specified users. Thus, the developer may justify the absence of case study with unavailability of the app.
Fake reviews account for the primary reason which holds the investors from trusting independent feedbacks. Multiple PR sites allow the users to give feedback without whittling down the criterion for evaluators. This factor enables company owners disguised as clients to place fake feedback.
Getting the take straight from the horse’s mouth may serve as the evidence of the claim. This approach presents workaround when you suspect the developer be playing one of the last two tricks listed earlier.
However, the challenges may trickle down but are not over yet. The feedback sharing body may just be another partner of the developer. Thus, you may require further research to find the underlying truth.
Mob Inspire takes pride in establishing the businesses of aspiring entrepreneurs. Each of the projects we worked on speaks the volume of our expertise. We consistently feature among the list of best app development companies by credible ranking sites including Clutch and GoodFirms
Apart from startups, we have also worked with numerous established clients. Most of our clients are well-known companies in their respective regions. This factor of wide recognition eliminates the possibility of influencing the feedback.
Culture of Research & Development
There is no single tool, framework, and coding language fitting for every kind of app development. The requirements of app vary at times. Thus, the app development companies require extensive research into the selection of appropriate apparatus.
The selection of apparatus affects the business of developer as well as yours. Developers intend to keep the cost as low as possible to enhance their profit margins. In doing so, they often compromise quality.
In sharp contrast, your primary objective is to ensure that the app remains a success. Cost of development also concerns entrepreneurs, but it has to be second to performance.
Apart from business need, your app also needs to target the correct market. Almost every app requires research to determine the targeted audience. Therefore, the developers need to collaborate with the marketing individuals to ensure that the app reaches and attracts intended market.
Market research also involves the investigation into competitors’ approaches to attract the audience. Knowing your competitor is as significant as customers.
There are two most effective ways to find out if an app would make a decent show in among consumers or not. Although surveys are also useful, yet behavioral analysis is more effective in case of mobile apps.
Therefore, the top app development companies ensure to create a culture of research and development in their enterprise architecture.
Signature Products and Services
The experience of working with a range of clients enables top developers to incorporate in-house developed products. They also use some of these products as subscription-based services.
The development of these products enables the developers to cut down the development costs substantially. Conversely, if a company does not have in-house products, they end up charging clients highly to cover the excessive costs.
One major challenge for companies working with in-house products is the apprehension of developers’ unavailability. For instance, a developer working on a product for years resigns. Consequently, the company would lose not only an employee but also an experienced user of company’s product.
Nevertheless, the top companies minimize the impact of losing an experienced developer by extensive documentation of their products. While interviewing various prospective developers, you may ask them about the in-house products and services.
Therefore, working with these products over the years eliminates the need to build apps from scratch. Besides, such developers also understand the factors affecting performance and hence make sure to prevent them.
The choice is yours!
Now that you have the weapons to find the top app development companies, we recommend conducting independent research. Meanwhile, our app development team equipped with the most fitting tools and skills prepare to get you on board. We are certain that you will reach us back after research because Mob Inspire meets each of the above criterion points.
Mob Inspire believes in the show don’t tell approach. You may take a look at the case studies of some of the happiest app development clients in the world.
Contact us today to fulfill the utmost realization of your mobile app development idea.
In 2018, iOS app owners earned $34 billion collectively – an impressive 28% more than what they made in 2017. In the holiday season alone, the in-app purchases and subscriptions reached $1.22 billion. Moreover, research forecasts that subscriptions will be generating 20% of iOS app revenue by 2021.
This significant growth in earning volume for owners is a telltale sign for entrepreneurs to invest in this sector. Many business aspirants are either facing a deficit of ideas or unsure about the effectiveness of their idea.
In one of the previous articles, we shared iOS app development trends for 2019 including notable tools and languages. This article shares iOS app trends with occasional success stories and industrial insights to assist the investors with appropriate choice.
Following iOS app trends will dominate in 2019 and beyond.
Core ML 2 and Artificial Intelligence
This SDK is a remarkable addition allowing developers to train machine learning models. Core ML 2 eliminates most of the performance glitches in its first version – Core ML. This second version also ensures a speed enhancement of up to 30% relative to the inaugural version.
One of the most notable components of Core ML 2 is Create ML – the framework which facilitates machine learning modeling. This framework significantly reduces the number of pictures required to train a system for object recognition. Besides, the training time is also reduced considerably.
Core ML 2 allows the developers to enable software with language recognition ability. There is an entire framework called Natural Language to achieve this feat.
Besides Create ML and Natural Language, Core ML 2 also offers Vision framework. This is a computer vision framework which enables the detection, recognition, and classification of objects.
Thus, app investors can enable their apps to perform a range of intelligent functions.
Augmented Reality Apps with ARKit
ARKit, primarily released with iOS 11, is a framework to build augmented reality apps. iOS games account for the highest revenue generating source. Statista reveals the share of games in app store categories at around 25% followed by business apps at 9.7%. Pokémon GO is an AR game and remained one of the most trending iOS apps.
ARKit 2 is a significantly improved version with many new options including real-time experience by multiple users. Now, the apps are able to detect 3D objects and estimate their size. It is also able to track 2D images.
The ability to scale 3D objects is a landmark achievement. It enables the developers to model objects in a 3D space. Among other industries, this feature is vital for interior design sector and hence features among iOS app trends.
One of the apps featured in AR category at CES 2019 Best of Innovation Awards demonstrated the significance of ARKit in interior design. LetsPlott allows users to virtually place a sofa in a room to determine its appearance. This app also enables users to change colors of object and surrounding walls.
On-demand services are now expanding more rapidly than ever. Since these services facilitate consumers by reaching their doorstep, more users are turning toward on-demand apps from traditional service providers.
On-demand businesses are among the ones with the highest ROI. In the past ten years, most of the startup unicorns belong to the on-demand sector.
This sector is disrupting many traditional businesses including taxi services and brick and mortar stores. Most of these businesses are evolving into their on-demand parallels.
The success of on-demand industries follows from the fact that it saves incredible amount of time and money of consumers. For instance, a passenger had to look for a taxi by walking miles around. There is no way for traditional taxi drivers and passengers to “see” each other.
However, on-demand taxi services facilitated the riders by booking a taxi ride through a few smartphone clicks. They also enabled consumers and taxi agents to find locations of each other by mutual consent.
Similarly, other on-demand industries also facilitate consumers and ensure cosmic returns for app owners. Healthcare, logistics and transportation, food delivery, and beauty and wellness are some of the other on-demand areas.
HomeKit for IoT
Although HomeKit is around since iOS 8, yet the analysts forecast an overwhelming utilization of this framework in 2019. HomeKit allows homeowners to control electrical appliances through smartphone apps.
Every app using HomeKit requires IoT devices having sensors to receive commands from app. For instance, an apartment resident can control room temperature or light switches by giving typed or voice commands.
Such IoT devices do not require a separate app each. Instead, developers can integrate the functioning of each device in a single app. Thus, HomeKit is one of the top iOS app trends.
While appliance control is one instance, app owners can also use HomeKit for data transfer. Initially, the developers rarely used this framework for data transfer in the wake of data breach apprehensions. However, Apple introduced multiple encryption schemes which encouraged developers.
Strategy Analytics predicts the enterprise app market to reach $128 billion by2022. Considering the trends of past two years, one can find out that iOS enterprise apps will feature following capabilities.
Integrated apps: These systems allow viewing performance analytics and sharing data all in one enterprise level apps. The use cases increase as per the requirement of business. Nevertheless, such apps facilitate big time by accessing everything in one small portable place.
Chatbots: Bots are great source to release workload from employees to intelligent machines.
Workflow Management: The iOS development community over the years has matured to allow business leaders to manage workflows through purpose-built apps.
The Bottom Line
Despite the fact that Android has almost four times as many users as iPhone, the iOS app owners’ revenue is significantly greater. The best iPhone apps for 2019 in terms of revenue and users will most likely belong to the above categories. Entrepreneurs should act now to become one of the top app owners of the year.
Mob Inspire wants to assist you in your entrepreneurial journey. Contact us today and share your idea. Our iOS experts will assist you at every step of the journey.