It will be 10 years for the biggest industry on this planet in 2018 – the Mobile App Ecosystem. It consists of millions app developers and billions of smartphone owners who use mobile apps daily and make this industry thrive. The Statistica forecast states that there will be 197 billion app downloads by the end of the year 2017 as compared to 90 billion in 2016.
Apps are built for two purposes – business awareness or monetary benefit –or both! We all agree that apps like businesses need monetary funding to keep running. Apps require you to invest in technological, content and graphic updates, and this requires money. So do all apps make money?
Well, if you have an app and if you use the right tactic, you can make money too!
With the multitude of new startups and entrepreneurs rising in the society, every business in the world needs to upscale itself and make it better than the rest of the pack. Having said that, it is also necessary to understand that the right method should be used to promote or start your business.
So the first question we come to is, “what does your business really need?” With the online culture getting continuously evolved and rapidly changing trends, it’s important to know the correct meaning of the keywords that are generally used in the tech industry.
Do you actually know the exact differences between Minimum Viable Product (MVP), Proof of Concept (POC) and a Prototype? Let’s understand each term in their entirety.