There are various product ideas that can be developed to create a mobile app. After going through a plethora of ideas, the next step is to choose a mobile product idea that can define the vision of the next promising mobile app that you wish to launch in the market.
The first step towards creating a successful mobile app is to create a Product Requirements Document (PRD). This document contains a detailed project management plan stating the logic behind creating the app, the technical requirements and the responsibilities of stakeholders at each stage.
This is essential to avoid scope creep – that is the tendency for projects to go above and beyond its set limitations in terms of functionality, project duration, etc. In the initial stages of planning a PRD everything might seem like a haze but it will definitely help you think about all the aspects about the product.
Let’s take a look at a few requirements that will help you manage scope creep from taking over your project:
Artificial Intelligence (AI) has made a path breaking entry into the technological world. Not only is it trying to make lives for humans easier, it is also trying to revolutionize the tech industry. AI has been around us for a long time but it is just recently that people have started incorporating them in all types of technological equipments. One of the most popular AI in the olden times and even now is the answering machine. Whereas, new AI technology includes Alexa, the Smart TV, the refrigerator, the AC, etc.
It is safe to say that Artificial Intelligence has made a mark in the field of marketing and on marketers. For most companies, there has been a drastic progress in the way that AI is used for marketing apps.
Let’s take a look at how we can use AI to improve marketplace apps.
The banking industry has grown leaps and bounds in terms of making their services digitally available. This not only makes the banking process efficient but also very convenient for their customers. Along with all these benefits, there are also times when the banks face threats such as online banking fraud. But due to the increased demand in mobile apps for banking facilities, there are ways in which mobile apps are being more flexible and proactive in their customer's life.
Digitalized banking services are no longer an option but an essential function of the bank. It is a revenue generator, cost saver and a productive play. Let’s take a look at how the rise of mobile banking is shaping the banking industry.
Once you have thought of an idea for your app, the next thing that pops up in your head is, “What is it going to cost me to develop this app?” The cost of your app is going to be dependent on the project size and its technical complexity.
There are generally three categories of apps: small, medium and large apps.
Small Apps are typically:
The new features on the iPhone are supported with the new iOS 12 software. iOS 12 is designed to make the iPhone and iPad experience even faster, more responsive and more delightful.
iOS has been enhanced for a faster and more responsive experience all around. Common features, like launching Camera and typing with the keyboard happen faster than ever. And there are even more significant improvements when multiple apps are being used together.
If you are going to invest in a mobile application project, there are going to be a few hiccups that you will face during the development phase. It depends on the project, the kind of risks that you may encounter while developing the app. There are five types of development risks that you could face:
Recently, there has been an economic downturn in the mining industry, companies are looking to be as efficient as possible. This means there is a need for innovation to increase efficiency and lower operating costs. Companies are looking into various technologies that could help them improve their processes.
Augmented Reality (AR) was identified as a technology, along with Virtual Reality to help solve this issue. Companies are looking to merge the real and virtual word, in a space called Mixed Reality (MR). All aspects of the real and virtual environments are encompassed in this MR, as pictured on the right.
While companies researched into Augmented Reality, they thought of conceptual applications of this technology in the mining environment. There was a great focus on applications that would optimize the mining process by reducing costs, improving efficiencies, increasing productivity, and enhancing safety. Another factor was how easily these technologies could be incorporated into current working environments such that there were minimal amount of human resistance and implementation costs.
Augmented Reality in Drilling
Blockchain technology has taken over the world with its unique features of safety and a shared public ledger that doesn’t involve the third party. There have been more than a million transactions on the Blockchain platform from all over the world. Corporations are now looking at adopting the Blockchain in one of the biggest industries, i.e. the supply chain. But you might think why would a well established supply chain look to adopt a new technology like Blockchain? Well the answer to that is for better coordination among various organisations.
Over the past few years, there has been a significant amount of development in the Internet of Things (IoT), which is essentially a group of interconnected devices functioning together. While there has been a lot of growth in the consumer facing side, which is IoT, there has also been a significant amount of growth in the Industrial Internet of Things (IIoT), which is more manufacturing focused.
IIoT had a worldwide value of $295 million in 2015, an this expected to grow to a value of $1.6 billion by 2021 with a CAGR of 33%. Furthermore, IIoT is expected to have an economic impact of approximately $6 trillion by 2025, out of which $1.3 trillion will be for the electricity industry1.
While there is a large potential for this technology, it will take time for IIoT to be a standard as there are high costs to implement the system and make older manufacturing models compatible with IIoT.
What is IIoT