2020 has been a tough ride for the world. The pandemic has closed down countless businesses or led them to a crisis, leaving many unemployed. Now, more than ever, automating processes, and cost-cutting has become a burning need for companies of all sizes, and financial literacy and smart money management — for people globally. We have already written about fintech trends for 2020 and the years to come. In this article, we will give a brief overview of the most interesting fintech companies, startups, and apps (in our opinion) that represent these trends. They all have one thing in common…

App statistics

The competition on the web and especially the mobile app market is fierce. According to Statista, in the second quarter of 2020, there were a staggering 2.7 million apps on Google Play, 1.82 million available for download on the Apple App Store, and 450,000 on Amazon Appstore. Apparently, some of the low-quality apps are constantly removed by these platforms, but the overall number will be only growing in the foreseeable future. There are a few models of revenue generation for applications: pay per download, paid premium features, and selling ad space. The average app price is slightly over a dollar…

What are the role and responsibilities of a Project Manager?

Like a conductor in an orchestra, a project manager makes sure everything is planned, executed, and closed properly. This person is a bridge between the team and the stakeholders. The scope of responsibilities includes project team, resource allocation, and business outcome. Setting goals, choosing the right methodology, progress control, and adjusting to change are among the main functions a PM performs. There is a huge variety of projects in IT — from web and mobile app development to network configuration and security. Information technologies are virtually in all spheres — manufacturing, entertainment, healthcare, education, etc., which adds complexity to software…

They say, just starting is already 50 percent of the success in any endeavor. However, in software development, it’s the stage that precedes the project’s start that is critical for business outcomes, especially to startups as they often only have a raw concept. The Discovery phase aims to answer key questions:

  • Is the idea feasible?
  • Will the product survive the competition?
  • How to make it highly demanded with end-users?

Let’s have a look at the process of the Discovery phase, its deliverables, and types of projects for which it is an absolute must.

What is the Discovery phase?

The pre-development stage, first of all, aims…

What Is EdTech?

EdTech is the combination of hardware, such as interactive projection screens, and software, e.g., classroom management systems, aimed to improve both teaching and learning processes, and educational outcomes, respectfully. Although educational technology is relatively new — it originated in the early 40-ies and was represented by first flight simulators, it has already demonstrated excellent results and looks extremely promising both to end-users and investors. …

What is a software as a service (SaaS)?

SaaS is web-based software accessible through the internet. Since SaaS adopts cloud computing technology, there’s no need for installing desktop applications — users simply subscribe to a service hosted on a remote server. For example, Netflix is a B2C SaaS platform that offers licensed videos on-demand and follows a subscription model.

The global SaaS market is expanding rapidly and will hit $436.9 billion in 2025. While COVID-19 is causing dramatic shifts in business due to telecommuting and social distancing, more companies rely on the SaaS model. Let’s take a closer look at the benefits of SaaS for business.

Benefits of B2B SaaS solutions

The SaaS…

Over the past five years, technologies have shaken up the healthcare industry and changed the way doctors work. Medical apps for doctors adjusted every aspect of healthcare practice, optimizing mundane tasks and collaboration between specialists. Different medical apps solve different problems. In this article, we will take a closer look at the mobile health industry and its various players.

The state of the mobile health market: Analyzing the rapid growth

The global mobile health market is booming. It was estimated at $40 billion in 2020 and will reach $149 billion by 2028. What are the main factors driving the mHealth market growth?

  • Digital disruption. The penetration of smartphones is growing year…

When it comes to everything digital, the dynamic nature of the market is beyond question. A single event can start a chain reaction that changes the whole game, shifting consumer needs, their daily habits, and the global economy itself. Companies that adapt to the ever-changing business environment and turn every opportunity into their advance are more likely to survive.

On this point, it’s absolutely necessary to hire someone who makes sure that project deliverables meet the exact business goals you need — someone like a business analyst.

What is the role of a business analyst on a software development project?

A business analyst is a core member of a software development team for…

Our previous article wrote about one of the top strategic trends from the Gartner list — hyper-automation. Now let’s have a closer look at another one -the Internet of Behaviors — a “deeper level” of IoT. What value can it create for business? What potential problems can it bring?

What is The Internet of Behaviors?

The IoB is about aggregation, analysis, and interpretation of data from the IoT devices, aimed at identifying user behavior patterns and exploiting this knowledge to create desired behavioral events. The result of these efforts is the improvement of business outcomes, for instance boosting sales by reaching the right audience and interacting…

What is hyperautomation?

Robotics has always served to perform routine tasks that don’t require much intelligence but high speed and accuracy, which take humans years and years of practice. However, now business processes are increasingly not following stable and predictable scenarios. It created a need for a new type of automation. Hyperautomation (the term coined by Gartner), also known as Intelligent or Digital Process Automation, is a trend on everyone’s lips. The new approach is not restricted to manufacturing only and creates added value across many industries — medicine, retail, insurance, software development, etc. According to Gartner, forward-thinking businesses should think of building…

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