There has been an upsurge in mobile technologies – not only in a person’s personal life, but also in business. In today’s time, being a part of the digital world is one of the top priorities for companies. One of the major steps to upgrading to mobile is the development of an enterprise mobile application.
What Does an Enterprise Application Development Mean?
Enterprise mobile applications make the process within the company easier, and at the same time create a comfortable climate to create interaction and involve the employees. It helps the business to operate more efficiently by providing turn-key solutions for several critical tasks:
The market is constantly churning out new mobile applications each day. With the ever-increasing demand of mobile applications, companies are trying to build mobile apps that are engaging, effective and that can transform their business. They want their next app to take the market by storm! However, there are times when the app curated in the mind cannot be developed by an in-house team – they require experts! Hence, many companies outsource their mobile app development rather than dumping it on their internal team. This not only saves time and money, but also ensures that the app is bought to life by experts, rather than a team that would work on a trial and error basis.
Outsourcing mobile apps most times is a good idea except in certain scenarios. Let’s take a look at 5 mistakes companies make while outsourcing mobile app development.
Mistake 1: Background Search of the Outsource Company
In a hurry to develop the app and outsource it, sometimes the company does not conduct a thorough background search. While researching the outsource company, one must gather the following data:
The insurance industry is a financial intermediary that plays a major part of the financial industry. Even though there has been a surge in purchasing and account insurances online, there is a huge part of the population that still prefers to take insurances through insurance brokers or visiting the insurance company personally. This results in the rise of paperwork and paper contracts which are prone to error and most often require human supervision. In short, the insurance involves consumers, brokers, insurers and sometimes even reinsurers – which results in a potential failure of loss of information, misinterpretation of policy and delay in settlement.
To cut these losses, giant insurance companies are switching to Blockchain technology. Why will the Blockchain technology help the insurance industry for the better? Blockchain is the ideal technology that can store records and data cryptographically. It helps build transparent operations built of trust and stability. According to a report in The SAP Digital Transformation Executive Study, the banking and the insurance industry is planning to double up their Blockchain investments by the year 2019. The industry wants to transform and streamline their processes via Blockchain and mitigate the challenges faced while data sharing, claim processing and frauds.