Tech
Want to Start a New Business? Here’s How Technology Can Help + Implementation Proces
In the present time, technology and business growth go hand in hand. Here is all you need to know about tech implementation in startup businesses. The present-day entrepreneurs are coming up with new business ideas and changing the business market’s shape.
However, as innovative as these ideas are, their implementation is often highly demanding and challenging. Consequently, there is a need for a solution to aid this problem and facilitate seamless business formation, especially for start-up owners.
Technology is one such solution that can potentially change the paradigm of the business market for good. With the latest tech innovation, one can do almost anything digitally from anywhere, at any given time. As a result, considering technology and tech-based solutions for business growth is a million-dollar idea.
However, before we decide to implement any kind of technology in a business, we need to know exactly how popular is tech-transformation in businesses.
Stats on Tech-based Business Innovation
In 2022, most businesses have realized the high potential that technology holds in numerous sectors and industries. To add to that, many businesses have taken the risk of investing in technology for their business and have gained tremendous success.
Moreover, COVID-19 has further accelerated technology implementation amongst various businesses and has transformed the way they operate. Speaking factually, the pandemic has accelerated tech implementation by 59% and has boosted business efficiency.
This can help you understand how revolutionary and potent technology is in the present time for businesses.
Benefits of Implementing Technology in Businesses
Higher Efficiency
Gaining operational efficiency is one of the core objectives of every business. However, manually conducted processes are a hurdle in achieving this objective, as they have high time and human effort requirements.
One can overcome this challenge by implementing technology in their business processes. Technology is known for its ability to automate processes and generate precise and reliable outputs. This makes it an excellent alternative to manual processes.
For example, if you’re working for Amazon relay, you can utilize an Amazon relay auto booker that gets you more leads and better analytics, making the job easier! In addition to automation, leveraging specialized equipment such as wet process equipment enables precise control over chemical handling, reducing errors and improving processes, resulting in higher efficiency.
One can significantly save on time and increase the efficiency of their startup business by automating various tasks and processes using technology.
Increased Customer Satisfaction
It is a commonly known fact that customer satisfaction is the key to generating repetitive revenue. However, achieving customer satisfaction is a common challenge amongst businesses, especially newly started ones.
Owing to the latest technological advancements in the CRM segment, startup businesses can easily achieve customer satisfaction.
Technology enables businesses to deliver unique and personalized solutions to customers, therefore fulfilling their individual demands. Solving customer queries, settling disputes, and efficient customer management are a few of the many ways in which technology is enhancing a business’s customer satisfaction rates.
Efficient Resource Management
Resources are scarce at the present time and require optimum utilization. This is even important in start-ups, where it is fundamental to efficiently utilize each and every available resource. Technology-enabled resource management is known for being a complete solution to this requirement. Today, there are numerous tech solutions for businesses to choose from when looking for resource management.
From inventory control to HR management and finance management, technology has taken over every aspect of business operations.
More Time
One of the major drawbacks of manually conducting business processes is extensive time utilization. This not only decreases the efficiency but also the productivity of your employees.
When a business implements technology in its operations, it can tremendously save on time. This saved time can be used for various other more important tasks like planning business strategies. Now that you know the benefits of investing in technologies, you must be wondering about their implementation process.
The actual process of developing and implementing a technology depends on your personal objectives and the type of technology you wish to implement. However, there are certain basic steps that remain the same throughout.
Step-by-step Process of Implementing Technology in Your Business
We’re sure that by now, you are convinced about the benefits of investing in technology solutions for your startup business.
If you want to know the step-by-step process of developing and implementing a technology in your business, refer to the below-given steps.
Step 1: Do Research and Analysis
If you are looking to get a tech-based solution for your startup business, the first thing you need to do is identify and analyze the market you are aiming to operate in.
This analysis will form the foundation of your digital solution and will serve as objectives for your digital product development. In this stage, you need to analyze your target market, competitors, and the industry and look into various aspects.
This analysis can help you find out the current challenges, their solutions, and even new business ideas to implement in your startup. This will enable you to add USP to your business and gain a differentiated market position.
Step 2: Choose Technology
Once you have analyzed the market and are clear on your requirements, you need to choose a technology that you wish to develop. There is a plethora of technologies out there to choose from. Websites, mobile apps, software, and web apps are a few of the most commonly used business technologies.
You need to narrow down the list based on your business’s requirements and select a technology that caters to your needs. Here’s a tip, consider connecting with a development agency and send them your requirements to get the best possible solutions.
We will be discussing more about development agencies, and other development approaches in the next section of the blog, so make sure to read it attentively.
Step 3: Choose Development Approach
There are various ways to develop a technology for your business. Depending upon your requirements from the platform, you can choose to develop a technology yourself, hire full-time employees for the job, or outsource its development.
You must know that this is a highly critical step. Each of these options has its own impact on the final output. Therefore, it is essential to weigh down the pros and cons of each option and make a wise choice. Below given are the details of each option for your reference.
Self-Development
This option is chosen by people who have knowledge of designing and developing a digital platform. Here, the business owners play the role of platform programmers and code the platform for themself. Even though this approach is highly cost-efficient, it has numerous drawbacks.
Developing a platform is a lengthy process and requires a team of different specialists (business developer, UI/ UX designer, programmer, tester, etc.) One person cannot hold expertise in all the development phases, and therefore, the final platform is of low quality.
Moreover, since one person will work on all these stages, more time will be required to complete the platform development process.
Use of Tools
There are various tools available in the market for easily building a digital platform. While these tools aid the platform development process to a certain extent, they aren’t the most optimum solution.
In order to develop a platform with a building tool, all one has to do is drag and drop the elements of their choice to the platform. The coding for the platform simultaneously takes place in the background.
However, these tools often have a set number of designs for the users to choose from. Therefore, when you develop a platform with these tools, the UI design customization is highly limited.
Resulting from this, there are high chances that the UI of your platform will be similar to that of other businesses, creating a negative user experience.
Hiring a Full-time Team
Isn’t it great to have a team of employees working on your project full-time? This approach is based on this fundamental and is commonly chosen by various businesses.
However, this approach is recommended only if you are planning to develop a large-scale platform for your businesses. As a result, this approach is not ideal for startup businesses. This is because hiring a complete in-house team for platform development can be a cost-intensive affair.
Moreover, hiring a complete development team requires various additional resources and processes. This further adds to the cost of platform development and makes it an impractical investment in most cases.
Hire a Freelancer
Freelancers are remote workers that undertake projects in different industries. In the context of platform development, freelancers offer development services for various types of digital products. Hiring a freelancer is often preferred by businesses as it is a cost-efficient approach.
However, getting work done by a freelancer is often a challenge. One needs to have precise knowledge of the development process to be able to guide the freelancer. Moreover, the quality of the end result is always in question in this approach.
Nevertheless, if you wish to develop a platform with this approach, you might want to hire a team of freelancers to work on your project. Ultimately, you might end up paying a high amount for your platform without any guarantee of productivity and quality.
Outsource to Agency
Digital platform development outsourcing is one of the most popularly chosen approaches around the globe. This approach is chosen by businesses as it combines the benefits of having a full-time team with outsourcing. To outsource development to an agency, all you need to do is find an agency online and send in your requirements.
The agency then takes complete care of your requirements, from feature research to designing, development, testing, and even maintenance. We highly recommend choosing this approach if you are looking for a cost-effective and efficient solution for your platform development requirements.
These were the 5 ways through which you can develop a digital platform for your business. Which way to choose will depend upon your individual requirements and business objectives. One thing which is common amongst all businesses is their requirement for cost-effective solutions.
However, developing a platform can turn out to be a cost-intensive affair, especially if you aim to develop a large size platform.
Many businesses abandon the idea of platform development for this very reason. Let us tell you that there are various ways through which you can cut down on the cost of developing a digital platform for your startup business. We will take a detailed look at each way in the following section.
Tips to Optimize Development Cost of Your Platform
White Label Solution
Custom developing a platform can be a large investment and might not be feasible for every business. For instance, if you are a newly established business looking for app development solutions for startups, the initial investment in app development might end up going very high, depending on your requirements.
This is where white label solutions come into the scene. White label solutions are ready-made digital solutions that are available with most development agencies. The development agencies, upon your requirements, customize the platform up to a certain extent and deliver them to you.
Since the platform is already designed, programmed, and tested, it is developed in a comparatively short time to the business.
Nowadays, you can find white label solutions for most of your business requirements and can purchase them to optimize the cost of your digital platform requirement.
Location-based Cost Optimization
One of the most prominent reasons for businesses to outsource platform development is cost optimization. Businesses choose development agencies located in countries where development rates are low, therefore saving a tremendous amount.
Generally speaking, the development rates are lowest in Asian countries like India ($15-$20/ hour) and Indonesia ($20-$30/ hour).
Moreover, India is a popular IT hub and is known for having some of the best and most skilled developers and designers in the development market. This makes these two countries a hotspot for development outsourcing.
As a result, if you are looking for a development agency to outsource platform development, we highly recommend choosing agencies from these locations. This will ensure that you receive a high-end digital product at a low cost.
Hire Dedicated Developer Instead of In-House Team
If you are looking for a large-scale digital platform, you are probably considering hiring an in-house team. However, as we discussed earlier, the cost of hiring an in-house team can be extremely high. One can avoid these costs and get similar output by hiring dedicated developers.
This is a service provided by development agencies in which a business is allocated a complete development team. This team of project manager, business analyst, designer, developer, and tester work full time on a single project until it’s completion.
As a result, a business can accomplish a project of any scale with ease by hiring a dedicated development team for it’s project. This is a relatively new approach but is gaining massive popularity amongst businesses.
This was it for the ways to optimize the cost of developing a digital platform for your startup business.
The Bottom Line
Whether you are looking for a solution for your startup business or customers, technology is an overall answer to your needs. We hope that by now, you are clear on everything you wanted to know about technology and its implementation in startup businesses.
By focusing on the benefits of tech solutions in your business and carefully following the given development process, you can be assured that your digital platform will add value to your business. As a result, it is safe to say that technology is the future of business growth and has the potential to be the driving factor for business success.
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(VOR News) – The ruling is that Google, the greatest technology firm in the world, is required to make its Android smartphone operating system available to merchants that supply applications that are in direct rivalry with Google’s. This decision was reached by a judge in the United States of America.
The Android Play store, which is owned and operated by Google, was found to be an example of an illegal monopoly arrangement by a jury in the state of California on Monday. The finding was reached by a jury. Monday is the day that this decision was come to.
An earlier federal judge ruled Google’s search engine illegal.
This finding, which came after that decision, has forced the company to suffer yet another setback. As a result of the corporation having already encountered its initial obstacle, this decision has been established. This particular decision was made by the judge during the month of August, when the month was in progress.
In light of the fact that the decision was made, what exactly does it mean that the choice was accepted?
In accordance with the verdict, Google is obligated to make it possible for users to download Android app stores that are offered by third-party competitors. For a period of three years, the corporation is prohibited from imposing restrictions on the usage of payment mechanisms that are integrated into the application.
In addition, it is important to keep in mind that Google does not possess the right to impose restrictions on the utilization of ways to make payments online.
Additionally, the verdict makes it unlawful for Google to give money to manufacturers of smartphones in order to preinstall its app store. Smartphone manufacturers are prohibited from doing so.
Furthermore, it prevents Google from the possibility of sharing the revenue that is generated by the Play store with other companies that are in the industry of delivering mobile applications.
In addition to this, the court has mandated the establishment of a technical committee that will be made up of three different people chosen at random.
The committee will be responsible for monitoring the implementation of the reforms and finding solutions to any disagreements that may occur as a consequence of the implementation of the reforms while they are being implemented. This task will fall under the committee’s purview so that it may fulfill its duties.
However, certain components were allowed to be put into action until July 1st, despite the fact that the judge’s statement suggested that the ruling would take effect on November 1st. The statement was the basis for the ruling, which ultimately became effective.
Particularly, I wanted to know what Google’s reaction would be.
There is a fact that Google does not adhere to this directive, which has been brought to their attention. This document argued that the alterations that the judge had ordered to be made would “cause a range of unintended consequences that will harm American consumers, developers, and device makers.”
The judge had ordered the modifications to be implemented. The alterations were to be carried out as indicated by the judge’s ruling. The judge made it clear that he expected these revisions to be carried out in accordance with his guidance.
The company’s regulatory affairs vice president, Lee-Anne Mulholland, provided the following statement: “We look forward to continuing to make our case on appeal, and we will continue to advocate for what is best for developers, device manufacturers, and the billions of Android users around the world.”
On average, over seventy percent of the total market for smartphones and other mobile devices is comprised of mobile devices that are powered by the Android operating system. Both smartphones and other small mobile devices are included in this category.
In the event that the Play app store continues to be shown on the home page and that other Google applications are pre-installed prior to the installation of the Android application, smartphone manufacturers are entitled to install the Android application at no cost at their discretion.
Additionally, the Android application can be installed on devices that are manufactured for smartphones.
SOURCE: DWN
SEE ALSO:
Over The Planned “Link Tax” Bill, Google Threatens to Remove NZ News Links.
(VOR News) – Those who use WhatsApp now have the ability to mention other people in their stories or status updates as a consequence of a feature that was only recently enabled on the platform.
Previous to this point, this capability was not available. It wasn’t until quite recently that this capability became available to the public.
According to the information that was provided by the company, users now have the opportunity to tag close friends in their stories, and the person who is mentioned will have the option to go back and re-share an earlier version of that story. This information was provided by the company. The corporation was kind enough to reveal this information to us.
Because of a new feature that has been added to the WhatsApp app, users now have the opportunity to like individual stories and status updates.
This capability was previously unavailable to WhatsApp users.
A significant amount of progress has been made in this context. Alternative readers now have the chance to “like” a work, which is comparable to liking a post on Facebook. This feature was introduced in recent years. When compared to the past, this is a tremendous shift.
At one point in time, viewers were only permitted to observe the total number of views that a particular story had gotten. These restrictions were eliminated in later versions of the software.
Additionally, it is essential that the likes and reactions to a story be kept anonymous during the entire process. One of the factors that contributes to the general mystery that surrounds this characteristic is the fact that this is one of the elements.
The person who brought it to the attention of others is the only person who will be able to judge who enjoyed it and who did not care about it. These individuals will be able to make this determination.
A notification will be issued to the individual who was referenced earlier in the sentence and who was named in the story or status update that was discussed. A notification of this nature will be sent to the individual via WhatsApp.
This message will be sent to the user in question whenever that person makes a reference to another person while they are in the process of elaborating on a narrative or updating their status. You will receive a notification alerting you that you have been tagged in the narrative.
This notification will be delivered to the person who receives this message. In addition, students will be provided with the opportunity to re-share the tale for themselves.
It is important to note that if the names of individuals who have been referenced in a narrative or a status update are included in any of these, then the names of those individuals will not be accessible to any third party through any of these. In light of the fact that the identities of those individuals will be concealed from public disclosure, this is the condition that will be required.
While WhatsApp recently made the announcement that it will be incorporating this functionality, it is highly likely that not all users will have access to it at the same time.
This is despite the fact that WhatsApp recently made this announcement.
Despite the fact that WhatsApp has only recently made a public announcement that it will move forward with the deployment, this is the situation that has presented itself.
As soon as a short period of time has elapsed, access will be made available to each and every person on the entire world.
Additionally, WhatsApp has hinted that new functionalities might be introduced to the status and updates tab in the future months.
The purpose of these capabilities is to provide users with assistance in maintaining healthy connections with the individuals who play a vital role in their living experiences. This is done in order to give users with support in maintaining close relationships with the folks who are the subject of the inquiry.
It is with the purpose of supporting users in successfully keeping close ties with the individuals in question that this step is taken.
SOURCE: DN
SEE ALSO:
Over The Planned “Link Tax” Bill, Google Threatens to Remove NZ News Links.
Accenture and NVIDIA Collaborate to Enhance AI Implementation.
(VOR News) – Google has sent a strong message to the New Zealand government, threatening to stop boosting local news content should the Fair Digital News Bargaining Bill become law.
The law, put up by the Labour government and backed by the coalition in power at the moment, mandates that digital companies such as Google pay back news organizations for links to their material.
News publishers, on the other hand, charge the tech giant with “corporate bullying.”
Google says this measure may have unanticipated effects.
Google New Zealand’s country director, Caroline Rainsford, voiced her worries that the law, which is being referred to as a “link tax,” is not doing enough to support the media industry in New Zealand right now.
She underlined that Google would have to make major adjustments if the previously mentioned law were to pass, including cutting off links to news articles from its Search, News, and Discover platforms and cutting off financial ties with regional publications.
According to Rainsford, similar legislation has been proposed and approved in other nations including Australia and Canada, but it has not been proven to be effective there and breaches the principles of the open web.
She drew attention to the fact that smaller media outlets will be most negatively impacted, which will limit their capacity to reach prospective audiences.
Google says its alternative options will protect smaller, local media from negative effects.
Conversely, it conveys apprehension regarding the possible fiscal obligations and vagueness of the legislation, which it feels generates an intolerable level of ambiguity for enterprises functioning within New Zealand.
The New Zealand News Publishers Association (NPA) has reacted to Google’s warnings by alleging that the internet behemoth is using coercive tactics.
They specifically contend that the need for regulation stems from the market distortion that Google and other tech giants have created, which has fueled their expansion into some of the most significant corporations in global history.
The legislation aims to create a more equal framework that media businesses can use to negotiate commercial relationships with technological platforms that profit from their content.
New Zealand Media Editors CEO Michael Boggs stated that he was in favor of the bill, citing the fact that Google now makes a substantial profit from material created by regional publications.
He also emphasized that the use of artificial intelligence by Google—which frequently makes references to news articles without giving credit to the original sources—highlights the significance of enacting legislation.
Paul Goldsmith, the Minister of Media and Communications, has stated that the government is now evaluating various viewpoints and is still in the consultation phase.
He stated that the government and Google have been having continuous talks and will keep up these ongoing discussions.
However, not all political parties accept the validity of the Act.
The ACT Party’s leader, David Seymour, has voiced his displeasure of the proposal, saying that Google is a game the government is “playing chicken” with. He threatened the smaller media companies, saying that they would suffer from worse search engine rankings if the internet giant followed through on its promises.
Seymour contended that it is not the government’s responsibility to shield companies from shifts in the market brought about by consumer preferences.
The things that have happened in other nations are similar to what has happened in New Zealand.
Google has agreements with a number of Australian media firms that are in compliance with its News Media Bargaining Code. These agreements contain provisions that permit an annual cancellation of these agreements.
Due to the government’s decision to exempt Google from the Online News Act, the company has committed to supporting news dissemination by contributing annually to the Canadian journalistic community.
The New Zealand measure is consistent with global approaches aimed at regulating the relationships that exist between technology corporations and media organizations.
It’s hard to say what will happen with the Fair Digital News Bargaining Bill as the discussion goes on. Google and the New Zealand media landscape are preparing for what might be a protracted legal battle.
SOURCE: TET
SEE ALSO:
Accenture and NVIDIA Collaborate to Enhance AI Implementation.
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