How On-Demand Service Apps Drive The Economy In 2021?

In this contemporary world, technology is changing very speedily. It’s like a dream that becomes true that today’s everything is just a click away. All businesses have acquired the importance of mobile apps. Many business owners have designed and launched their business ideas through android and iOS app development. Business owners have learned the requirements of users and have provided the best solutions to users. These on-demand changes have given origin to the on-demand economy.        

This On-Demand modification has reshaped the life of people around the globe whatever the field is like healthcare, supply chain, manufacturing. This all is making a massive difference in everyone’s life with satisfactory benefits such as expandability, satisfaction, and profitability.

Have a glance at some of the statistics

• The on-demand economy is predicted to expand from $213 billion to $435 billion between the year 2017 to 2021 with an annual growth rate of 49%. 
• There are around 22.4 million people who spend around $57 billion in on-demand service apps.

We have mentioned some of the business vertices responsible for increasing demand

Entertainment

There are numerous video on and music streaming applications that help the user search a variety of series, soundtracks around the world. Users can get instant real-time access.       

Real Estate

In the growing economy real estate also contributes. Real estate agents and business owners are growing towards the on-demand service apps to find the answers to problems such as no need for brokers, lower cost, time efficiency, decreasing the need for on-site agents, and ease of selling or buying the property. 

Tourism

Traveling and tourism are some of the industries that boost up the economy. Previously we have to wait for hours on the odd time, public holiday and have to face issues to travel to remote locations. But after the development of mobile apps like Ola, Uber, and other more applications. This made it easy for users to get a cab easily for traveling, escape from the refusal of taxi drivers, etc. 

Food Delivery

Definite working hours and waiting in a long queue in stores, restaurants, and other eateries outlets has resulted in the demand for online delivery services. This idea has helped the customers to taste the delicious food in no time and also given restaurant owners a high return on the investment options. 

Healthcare

Previously, patients had to stand in a queue for booking an appointment, hospital staff have to maintain the heap of data files, and reach the pharmacy for medicines within a specific time duration. This all is making healthcare facilities very difficult at the time of emergencies. But with the help of service apps, all things have changed dynamically. This has provided facilities such as medicine home delivery, online doctors appointment, instant data sharing, and many more. This all has lower down the cost, times, and errors. And helped reach the facility to a large number of people. 

Now you might have got the idea that on-demand service apps have covered the entire marketplace. You also got the idea to use these apps successfully and efficiently to enter the on-demand economy and earn higher profits. And if you need any kind of idea or need any further help you can contact us for Mobile App Development Services.   

How to Create Successful MVP

May 2, 2020

Do you have an idea for a product but not sure if you can successfully implement it or not? The majority of startups fail because the market doesn’t need them. Bringing a product to market is always a big risk. But to minimize the risk, you can first develop a minimum viable product (MVP).

To understand what customers need from your product, you should develop a minimum viable product. MVP allows you to study the situation on the market as well as its costs, also less than a full-fledged solution.

What is an MVP

MVP is a product with just enough features to satisfy early customers and getting feedback for future product development.

The Purpose of a Minimum Viable Product

A minimum viable product includes only essential features that will solve the customers’ problems. Everything else will be developed after reviewing the user feedback. Companies only develop MVP to verify the economic viability of the product.

MVP Goals

1. Testing a product viability at low costs.
2. Spending less money on product development.
3. Faster delivery of a product that solves at least one problem of a user.

Benefits of MVP

Faster Release and cutting the development costs

In MVP, you only spend time in building features that are absolutely needed which save from to invest in development cost as well as beneficial as quick delivery of the product

Room for evolution

An MVP benefits your business by providing an engine for growth. Because you can receive valuable feedback from early users and can use this feedback to update your product. 

Testing Business Concepts and market demand

The biggest benefit of developing an MVP is that it allows organizations to test their business concepts and ideas. MVP process to not only test the feasibility of their respective products but also to develop functionality over time based on user test data and feedback to gradually evolve towards the mature applications.

Get the funding from the investor

Receiving funding from the investor is to build confidence in the product and its ability to achieve the desired outcome. By representing your MVP you can easily impress the investors to invest in your product. 

How to build an MVP

• Figure out, What problem you are solving and for whom

The concept of developing an MVP is quite simple. Your goal in creating an MVP is to create the smallest, fastest, and most functional version of your idea, something that can be tested quickly and easily, over and over again, until it works. Before you initiate an idea and embark upon an MVP Development process, ensure that it fulfills the target users’ needs

• Define the user flow

To define the main flow of users, we must first define the stages of the process. You need to look at the app from the users’ perspective. This is actually quite easy because all you need to do is explain the steps necessary to achieve the main objective of your product. As soon as all these steps of the process are defined, we can define characteristics for each stage.

• List out the features

1. Ask yourself: What is the most important action I want my users to take? [Note: this will be its main feature]
2. Ask yourself: What other facilities do I have to provide? essential with [Explain why you need each of these essentials, then cross out the least important ones.]
3. Now all the features under the categories should be graded ‘must-have,’ ‘nice-to-have’, and ‘don’t care.’ can story making techniques make this process easier. You can build a matrix where you have a horizontal row that shows the main stages of the process (our user flow) and below each stage a series of features dedicated to this stage.
4. Once you have added all the steps and features for each step, you can draw a vertical down arrow that goes from “high priority” at the top of the column to “low priority” at the bottom. Now, you’re ready to start organizing features based on priority. Move stories that are crucial up the column and other stories down. Always pay attention to the whole process.
5. When you have prioritized all features, you can define your scope for the first version of the product as well as M.V.P can proceed to create, if you want to see how your future product will be, so you can create m.v.p prototype first.

• Build, test, and learn

When the first step of work is defined, so we move towards development, as soon as the development work is completed then we need to test it. The first testing phase is conducted by our Quality Assurance engineers. which is to enhance the quality of the product. They ensure that a product is prepared for alpha or beta testing. you can start improving your product again and then try, and learn, and build again, and try again, and learn again. 

• Analyze your competitors

It is clear to say that if there is already a similar product in the market, then you must also make a competitor analysis, keep in mind if you think so, that you have no competitors in the market, your belief in the uniqueness of your product is not a sufficient reason to bring your product to the market with confidence. Competitor analysis is important no matter what the situation. 

Aryavrat Infotech helps you to identify opportunities in the different marketplaces, raise your revenue, and help to build your business. we think it’s worth trying & for more info: sales@aryausa.com

What is Digital Transformation and Why it is required ?

What does Digital Transformation mean?

Digital transformation is the strategic opportunity to incorporate new technologies in organizations that allow them to be more efficient and the possibility of generating new business opportunities. According to the survey expected Revenue from the global digital transformation market from 2017 to 2022. and By 2023, spending on technologies and services that enable digital transformation worldwide is expected to amount to $ 2.3 trillion.

These new innovative technologies are transforming the economy, the way of doing business between companies, the way of working and the way of living. 

The main technologies and the ones that are more fashionable are Big Data, Mobility, Internet of things, etc. but there are many more concepts that are included under the term Digital Transformation such as Digital Marketing, Customer Experience, eCommerce, CRM, Social Media & Social Business.

Why is Digital Transformation Important for Business?

Many large companies are already involved in digital transformation processes, those who succeed will be a game-changer.

“The species that survive are not the strongest, nor the fastest, nor the most intelligent; but those who accept better to the change ”.

Digital Transformation Road-map

Vision, strategy, and leadership

It is essential that the digitization process is sponsored by the company’s senior management. That decides the company has a clear and up-to-date vision of why the change is necessary and what value it brings to the organization, that what it is committed to carrying out and provides the appropriate means and resources to do so.

Business processes

The change from an analog to the digital world has much deeper implications than the introduction of digital media in the company’s relationship with the customer; To achieve a true transformation towards a digital organization, the internal processes of the company must be aligned with the process of change and digitized.

Technology

The fundamental driver of this process of change is technology, it is essential to know in depth the possibilities that technology opens today in different fields such as Big Data, mobility, internet of things, eCommerce, digital marketing, collaborative economies, business models.

Organization, team and digital culture

It is necessary to have a team of people with the necessary training and skills to lead the digital transformation in the company. The most advanced organizations already have a specific managerial position to lead the change, the Chief Digital Officer, a profile halfway between strategy, business development, innovation, marketing, technology … But it is not enough to appoint a digital manager, It is necessary to remove the walls between different areas of the organization and generate a culture of digital transformation through multi-disciplinary teams that build a joint vision.

Aryavrat is here to help in this Digital Transformation world, in order to approach the complex process of digitization with the maximum possible guarantees and achieve the objectives pursued, it is essential that the digital transformation is led with a global vision of the process from the understanding by senior management of the implications it has. indifferent aspects of the organization.

Little Known Facts About Blockchain Development – And Why it Matter

What is Blockchain Technology

A blockchain carries no transaction cost. (An infrastructure cost yes, but no transaction cost.) The blockchain is a simple way of passing information from A to B in a fully automated and safe manner. That is quite revolutionary because it allows us to keep it track records of pretty much anything we can think of (to name some: property rights, identities, money balances, medical records), without being at risk of someone tampering with those records.

Why Blockchain Technology 

Custom Blockchain Technology Development Services, you can achieve effective and faster-automated transaction processing, greater security, simplified document maintenance, and reduced operational costs. By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the Medical, Agriculture, Logistics, Cryptocurrency,  (Buy cryptocurrency) the tech community has now found other potential uses for the technology. Blockchain Technology keeps growing fast and is still growing at a rapid pace.

Basic Pillars of Blockchain Platforms:

Decentralize apps Development: Before Bitcoin and BitTorrent came to besides, we were more used to centralized services. The idea is very easy. You have a centralized entity that stored all the data and you’d have to interact only with this entity to get whatever information you required. decentralize system have no core authority to detect the truth to other participants in the other network. every participant in the network can access the history of transactions or confirm new transaction.

Customized Blockchain Development: In simple terms, we can say, the blockchain is an innovative distributed ledger that stores data and assures its integrity. By using a various set of cryptography-based technologies, blockchain make sure that transactions and data added into the blockchain database are immutable. As so global perspective like Cryptocurrency, Medical, Agriculture, Logistics, and some more. Blockchain is a standout amongst the most secure innovations that right now exist since it has characterized monetary tenets and an unmistakable procedure for confirming exchanges.

DLT Solutions: Full scale of Blockchain and Distributed Ledger Technologies (DLT) in one company together with a multi-skilled team of technologists, developers, and advisors. DLT is basically a database of records that are shared among many distrusting parties. To conclude, Blockchain and DLT both implement a ‘distributed ledger’ and have ordinary foundation principals. Each implementation is very specific, and it is extremely difficult to compare one with the other because of the nature and purpose of the implementation.

Custom Coins, Tokens & Wallets Development: Crypto coins are trouble the global financial industry, reinventing the way we transact. Reducing the settlement time, eliminating the middleman and boosting the security quotient, cryptocurrencies have established themselves as a cornerstone of more secure, quick and transparent deals.

Outcomes of Blockchain Technology:

Blockchain technology could be quite complementary in a possibility space for the future world that includes the two centralized and decentralized models. Like any new technology, the blockchain is an idea that initially interrupts, and over time it could promote the development of a larger ecosystem that includes pair of old ways and the new innovation in blockchain technology. Blockchain Development Company is helping every business get into the space of decentralization. We are helping small businesses successfully deploy decentralized and flawless infrastructure support.

Our end-to-end blockchain offerings cover ecosystem services, advisory and consulting, platform services, and application services to build Blockchain Solutions.