Posted on

What Is Application Modernization?

The world is undergoing significant digitization today. Almost every business, irrespective of its industry, is digitizing its entire business model by shifting it to apps. Multiple sectors are undergoing digital transformation to efficiently handle their businesses and make themselves more accessible to their clients. According to Statista, global spending on digital transformation will reach USD 2.3 trillion by 2023.

Cloud computing plays a considerable role in digital business transformation happening at such a large scale, especially in the pandemic-hit 2020. It has provided people with cost-effective solutions to manage everything electronically without worrying about the basic infrastructure of their applications and the responsibilities that come with it. According to research, the cloud computing market has grown up to USD 371.4 billion in 2020 and is expected to grow up to USD 832.1 billion by 2025.

Posted on

How to Build IoT Infrastructure and App Using AWS IoT

There are numerous IoT platforms available in the market that can help you handle the challenges of building IoT applications. But, it is vital to choose a suitable and effective platform to create such diverse applications. Amazon Web Services IoT platform is one of the most sought-after platforms for developing IoT applications. But before getting into the technicalities of building IoT applications on AWS IoT, we must understand the platform in detail. In this article, we will talk about:

  1. What is AWS IoT?
  2. What are the features of AWS IoT?
  3. How does AWS IoT work?
  4. Why should you choose the AWS IoT platform?
  5. What are the use cases of AWS IoT?
  6. How to create an IoT infrastructure and build an IoT app using AWS IoT?

Let’s begin by understanding the concept of AWS IoT.

Posted on

What Is SaaS Business Model?

Software As A Service (SaaS) is commonly known as cloud-based software. Today, Software as a Service is widely used by individuals and organizations across the world. 

According to Gartner, Inc., SaaS solutions were estimated to raise $85 billion in 2019. In 2020, they are estimated to generate $105 billion - $20 billion more than the last year. 

Posted on

How to Develop SaaS Application

Software as a Service (SaaS) is a new approach that is replacing traditional software license purchase. That is why the SaaS delivery model has gained a lot of popularity in the last decade.

According to research conducted by The Insight Partners, “the SaaS market accounted for US$31.57 billion in 2015 and is estimated to expand at a CAGR of 18.6% between 2016 to 2025, accounting for US$ 172.20 billion in 2025.

Posted on

AI Chatbots – Challenges and Opportunities

Perhaps one of the most extensive and prominent use cases for the adoption of Artificial Intelligence in the industry is the increasing use of AI chatbots across service lines. Chatbots have become an integral part of both the internal and external communication strategies of all large organizations. Chatbots are being used as a human alternative for first-level query resolution for a host of industries. In all cases, end users have direct interaction with chatbots.

What Is a Chatbot?

A chatbot is a rules-based computer program, which simulates human interaction with end-users via a chat interface. In other words, a chatbot can have a conversation with you just like a real person, ask questions, and answer queries based on pre-defined rules and logic.

Posted on

How to Reduce Software Maintenance Cost of Existing Technology Products

The cost of maintaining software is rising exponentially and it has been found that software maintenance could account for 70% of the total cost of the software. There are reasons behind this. While more and more software is being developed every day, it becomes hard to maintain them over time.

Lack of proper reporting or documentation and people who work on its development retire or leave without being replaced. Re-engineering the system is not an option because the system that needs to be rebuild could be extensive and not well documented.

Posted on

How to Develop a Telemedicine App?

Today, you can get anything on demand, from taxis to food, personal tutors and even doctors. While the first three services have been popular for some time, on-demand doctor consultations came into the picture not so long ago. Telemedicine app development has drawn lots of interest from doctors, hospitals, clinics and patients.

According to a report by MarketWatch, the US telemedicine market saw revenue of around $11.8 billion. 50% of the hospitals in the US use telemedicine programs, but it has now also become interesting for private medical practices, healthcare systems, entrepreneurs, healthcare systems, and insurance companies.

Posted on

How to Integrate Video Conferencing Technology to Your Existing App

Following the rising cases of the COVID-19 that have impacted most of the economies, words like social distancing, working from home, virtual events and lockdown are now not new to us. Due to the prevailing situation of the world, many businesses have opted for video conferencing technology to host events or meetings.

It is essential to maintain and build quality relationships with suppliers, internal teams, partners, customers and investors to help innovative businesses grow globally. Video conferencing technology helps in strengthening relations by keeping everyone engaged with each other. It saves time, promotes collaboration, boosts productivity and reduces travel expenses.

Posted on

IoT App Development: Impact, Challenges, and Process

In a span of ten years, from 2020 to 2030, IoT devices will grow from 75 billion to more than 100 billion, and the improvement from 4G to 5G in terms of increasing IoT is most important. Today's 4G network can support up to 5500 to 6000 NB-IOT devices on a single cell.

The Internet of Things (IoT) is a technology of the future that’s already becoming a reality. Its possibilities for health, agriculture, manufacturing, and daily life are crazier than anything a sci-fi writer of the last century could have imagined. Mobile apps will be a point of connection for many IoT devices, and in this article, we explore how to build an IoT app of the future.

Posted on

Blockchain Document Signing Platform: Offering Security to Confidential Documents

person-signing-document-business
The document signing process plays a crucial role, as it guarantees the creation of binding obligations between the signing parties.

The sales contract looks legalized, have all the parties signed it? Is it the reviewed and latest version? Can it be proved that the document has not been altered before you signed? Is it possible to prove the document you received is identical to the one you viewed earlier?

Posted on

Steps to Create, Test, and Deploy an Ethereum Smart Contract

Ever since Ethereum was introduced in 2015 by Canadian-Russian programmer, Vitalik Buterin, it has brought forth new decentralized applications (dApps). However, Ethereum’s success is significantly attributed to the implementation of smart contracts.

Many people believe that smart contracts are a new concept and have been invented with the Ethereum Blockchain Platform. However, they date back to 1996 when computer scientist, Nick Szabo, coined the term and defined them as:

Posted on

Developing Peer-to-Peer Lending Platform on Blockchain

Over the last few years, blockchain has taken over global financial markets with its disruptive power to transform industries. While multiple sectors have experienced a positive impact on the blockchain, the lending market is ready to be a part of this transition.

Blockchain is all set to reconstruct the model of the peer-to-peer lending platform by bringing more trust and transparency to the system. Companies like SALT Lending, Lendoit, and Jibrel Network have already launched a peer-to-peer lending platform using blockchain and smart contracts.