​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
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If an old song is remixed into a dance number by adding a few extra beats, would you call it new? Think about it. This is the exact difference between a white label application and a custom-built app. Let’s take a look at some of the risks that come with white label application and the reasons that you should go for a custom-built app.

​What Are White Label Applications?
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The term ‘white label’ came about when vinyl records were given out to DJs before the songs were released to the public. White label applications are basically applications that are originally developed by and for a company and that are licensed to other companies for use. To put it more simply, the backend system of an old application is used to customize a new application, i.e. the branding, colours, logo and the content is tweaked.
There are two ways to build a white label application: one is to change the frontend app and the other is to create a multi tenant application where the app is the same but each tenant has a slightly different set of features. 

Technology is evolving at a much faster rate than we could have imagined in the past. With the advent of new software applications, we want all services delivered to us at the click of a button. Another change that has been noticed is that people are no longer working on desktops and browser based applications but switching to web applications on the mobile.
So what is a significant change that is taking place on websites? The one significant change seen on websites is that they look more and more like applications with various interaction possibilities rather than static pages. In today’s times, the user wants more and more information available at a single browse rather than clicking various tabs to view it. On the other hand, the website owners want to provide a better interface to the user.
If you are planning to create an application of your choice then you will be presented with two options: multi-page application (traditional way) and single-page application (modern way) 

​Business operations are now not only carried out in a cabin or in the office. You could reply to your email sitting in a coffee house, while watching a movie or even when you are vacationing in Bali. This is possible with the advent of mobile apps. But with the convenience of a mobile app also comes the threat of your information getting targeted by hackers. Cybercrime includes costs that include damages due to loss of sensitive data, theft of intellectual property, fraud and interruption in business operations. 

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Apps Targeted by Hackers
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So what kinds of apps are targeted by hackers? Apps that are mostly targeted are the ones that have sensitive information and which can be used against other businesses. The most likely apps to be hacked are the ones that deal with economic transactions – ecommerce applications that are connected to banking software. Hackers assimilate data or disrupt services by disabling security, modifying and unlocking key features and stealing data. 

A number of apps have stormed into the app store since the past decade. Most of them have tough competition in their own genre. The trick to make your app outstanding is to make it different! 

In today’s competitive age, 35% of the users engage on an app less than a minute. If they find an issue in the functionality, the app gets immediately uninstalled. Hence, it is very important to keep your best functionality forth, so that it keeps the user engaged.
Source: https://www.marketwatch.com/press-release/one-third-of-mobile-app-engagements-last-less-than-one-minute-2014-07-17

So, the question most developers think about is, “How do you make your app successful?” To get an answer to this question, you need to answer questions such as, “How do I make my app appeal to the users?”; “What problem is the app solving for the users?”; “Is the app easy-to-use?”

Let’s take a look at 5 reasons that an app might fail and how to avoid them:
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Researching the Market and the Audience Correctly:
You might have an amazing idea in your head about an app but that doesn’t mean that it will work. There are a lot of criteria that you need to keep in mind before taking the leap and starting work on it. If a developer makes an app solely on their needs, they are most likely to end up with a failed product. 

​Technology is all about making life simple – assign chores to the digital robot so that you can achieve more productivity in your work or get more free time for yourself. Voice-first access is one such feature in technology that is slowly caving its way to become the customer’s favourite. Many companies are trying to come up with products that have their own branded voice like Alexa.
It would be like having a genie, “Your voice will be Alexa’s command!” Customers get attracted to technology that has a voice access control. It is convenient and also easy to multi-task with a voice-first access gadget. These products definitely have a greater edge than the existing brands that require more attention.
So, how would you like to plan an Amazon Alexa skill? Let’s get introduced to Alexa and learn Alexa skill development tricks.   

​The one question that all product managers have is how to prioritise a product’s roadmap and lead it to a successful destination. Firstly, we need to align the product features in their order of importance. There are two approaches that we can use:

• Take a consensus of the team and stakeholders on which features do they think will work out.
• Sort the features that the user will have the highest engagement with – and then see the biggest drop offs i.e. where the users are getting stuck. The user’s feedback is of utmost importance. 

Although most product managers tend to gravitate towards the first approach rather than a data informed, educated hypothesis. Here is a word of caution; companies that do not follow statistics, numbers and keep the users in the forefront most likely do not succeed 

So, how exactly do you build a step-by-step framework to prioritize a beneficial roadmap?
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