Sushmeet – Oyelabs – Driving Business Value

How To Create A Dog Walking App In 2025

Sushmeet — Fri, 29 Sep 2023 13:06:08 +0000

Dogs are very precious and loved by their owners. Not just their owners but everyone in general — people love dogs, playing with them and everything else. Perhaps that is the reason for the recent rise in pet ownership. And this, in addition to the rising costs, has contributed significantly to the expansion of the industry over the years. However, today, the landscape is changing as several new names have emerged, challenging traditional dog walking services with technologically advanced mobile apps. Some of the major players in the industry include establishments that provide dog walking services to homes. For those of you who don’t know, the dog walking services industry is worth $1.1 billion in 2021 and is up 1.2% from last year (source). Additionally, pet owners spend more than $60 billion every year on pet-related goods and services — treating their four-legged companions like part of the family. Studies show that the demand for dog walkers will increase through 2023 due to the expected stability around the primary labor market, followed by the increased working hours. As a result, the industry’s revenue is expected to grow. If you want to impact this industry, you’ve come to the right place. We’ll walk you through what it takes to build an industry-leading on-demand dog walking app in the next few minutes. Let’s get started! Why Do We Need An On-Demand Dog-Walking App? Yes, dogs are fluffy and cute, we agree. But having a dog in your house means having additional responsibilities on your shoulder. Because you have to consistently take care of them, feed them, make sure they exercise, care for them, take them to the vet, play with them, and most importantly, rejuvenate them all day at home. And most importantly, you need to take them for a walk. So while it is not possible to outsource all these tasks, you can outsource the essential task of taking your dog for a walk. With a variety of on-demand dog walking services available — people nowadays can put their dogs in the competent hands of these dog walking service attendants who take care of their dogs like their own. These dog walking services work like a charm, especially if you are a professional with tight work schedules or a new parent who has to take care of their offspring. Therefore, dog owners who have a hard time finding time to spend with their dogs should try these dog walking apps. So What Exactly Is An On-Demand Dog-Walking App? The on-demand dog walker app is a two-way marketplace. Let’s define it in a step-by-step manner. So in the first step, the dog owner sends a request to go for a walk with the dog. One of the dog handlers operating the app accepts requests in real-time and confirms the booking. Now, when a dog goes out for a walk, it’s easy to track its location via geolocation services. He can even request the handler to provide real-time updates about the dog via photos. After a leisurely walk, the dog handler returns the dog to its owner and receives payment for his service via the app. In the final step, after the payment, the dog owners can even rate dog handlers and even write reviews according to their performance. How Do These Apps Work? The operational flow of the on-demand dog walk app is fairly routine and easy to perform. First, the dog owner needs to register enough information about him and his pet. You, as the owner, will always have the option to add more details about your dog, such as harnesses, collars, medicines, and vets. After registering, you have to search for dog handlers or walkers in your surrounding area. If you find a match, you can arrange a meetup, where you let them take your dog for a walk and then drop it off when they’re done. There is a reason why dog-walking apps are becoming more and more popular among dog owners these days and are the perfect platform for not only making money but also spending time with dogs for the people who’d join as the walkers. Market Overview Before entering a business, it is of utmost importance to look at current and future statistics and figures to determine if it is worth investing in. Nevertheless, the business of running dogs on demand is growing rapidly and becoming more popular, so you need to look at two different types of statistics. The first is the number of households with dogs, and the second is the average working hours for each week of the month. Jumping into the APPA survey reveals another statistic that 63.4 million households in the United States have dogs, and at least 40% of workers spend more than 40 hours a week. Now, summarizing these two statistics, we can see that the owners of these dogs work more than 8 hours a day. In addition to working hours, they have to find time to do social and household chores so they don’t have enough time to spend with their lovely dog. According to another American Pet Product Association study, American citizens total $ 23.4 billion for dog food, over $ 15.73 billion for veterinary care, $ 14.39 billion for consumables and OTC drugs, and 5.2 billion for pet services. So, they are spending $ 40 million approximately. This includes grooming, eating, and buying $ 2.19 billion for home pets. These numbers are enormous, suggesting that American homes love pets, especially dogs. Dog and cat blogs are also becoming more popular. But working hours and other important things are the hurdles between them and their pets. This creates a great opportunity for on-demand dog walker apps, and people are growing with these apps. There are many reasons why you might like these apps. But some of the main reasons are its time savings and efficiency, the rapid growth of dog sitter and daycare businesses, and the simple and effective way to make money. So How […]

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Top 3 Blockchain Business Models Every Entrepreneur Should Know

Sushmeet — Wed, 15 Mar 2023 11:56:32 +0000

Blockchain is one of the most promising new-age technologies. It has already caught the attention of hundreds and thousands of businesses across multiple industry verticals. Blockchain technology is transforming the way businesses function. Blockchain technology has the potential to enable a wide range of industries to offer a more secure, transparent, and decentralized way of storing and sharing information. In simple terms, This innovative technology makes the adoption of new systems and processes more feasible and accessible. As per experts the rapid growth in Blockchain adoption will continue and the industry will grow at a CAGR of 56.3% and reach a value of $163.83 by 2029. In this article, we will explore the Blockchain business models every entrepreneur around the world must know about. From a clear definition of the Blockchain business model, its difference from traditional models, its various types, to the advantages and challenges associated with it, everything will be covered in this article. Let’s start with the basics to ensure we stay on the right track. What is Blockchain? Blockchain is a decentralized database that keeps a growing list of records, called blocks, which are linked and secured using cryptography. Each block contains a unique code, called a “hash,” and the hash of the previous block in the chain, creating a permanent and tamper-evident record of transactions. This makes it a secure, transparent, and tamper-proof ledger that can be used to store and manage a wide range of information, such as financial transactions, digital identities, supply chain management, and more. What is the Blockchain Business Model? The Blockchain business model is what it sounds like. It is the way a business utilizes Blockchain technology in its business operations to create and generate value. Difference Between Traditional Business Models and Blockchain Business Models Centralization vs Decentralization- Most of the traditional business models are dependent on a centralized authority to manage business transactions. But in a Blockchain business model, a decentralized network of computers is utilized to enhance the security of transactions and it also keeps a proper record of the information. Intermediaries vs Direct Transactions- In traditional business models businesses often have to rely on intermediaries to facilitate transactions but in Blockchain business models businesses can enjoy direct transactions. Transparency- In Blockchain business models the highest level of transparency can be achieved, as the ledger is open and accessible for all the parties. While on the other hand in traditional business models trust is ensured by intermediaries like banks and lawyers. Data Management- Traditional business models rely on centralized data storage which makes the data vulnerable to hacking and tampering. But in Blockchain business models businesses use decentralized data storages which are more secure and tamper-proof. Different Types of Blockchain Business Models P2P Blockchain Business Model- P2P or peer-to-peer, Blockchain business model is referred to businesses that utilize Blockchain technology to facilitate direct transactions with individuals. This type of Blockchain business model makes it possible to eliminate the third-parties or intermediaries and allow users to securely and directly transact with each other. An example of a P2P Blockchain business model is the cryptocurrency exchanges like Uniswap. It is a cryptocurrency exchange platform that allows users to buy, sell, and trade cryptocurrencies directly with each other. The current market capitalization of Uniswap is $5.37 billion. Blockchain as a Service (BaaS) Business Model- BaaS or Blockchain as a Service, is a business model that allows businesses to build and deploy their Blockchain-based solutions using cloud-based infrastructure and tools. This model allows businesses to incorporate innovative Blockchain technology into their operations without having to develop their solutions from ground zero. In the BaaS business model, businesses usually charge users a fee to access their services. An example of a Blockchain as a Service (BaaS) provider that offers blockchain solutions built on popular blockchain platforms like Ethereum is Microsoft Azure. Microsoft Azure provides a cloud-based platform for businesses to build, deploy, and manage their blockchain applications and solutions. Token Economy- Utility Token Business Model- In this type of Blockchain business model a business leverages the creation and use of tokens to drive its operations. Utility tokens are a specific type of cryptocurrency that can be used to access a particular product or service within a particular platform. The value of the token comes from how it’s used in the ecosystem. If people use it a lot, the business will do well. It’s that simple. One of the most prominent examples of a Utility token business model is MakerDAO, a Decentralized Autonomous Organization (DAO). MakerDAO is a platform that lets you borrow stablecoins, which are tied to the value of the US dollar, using the Ethereum blockchain. It uses MKR tokens that you hold and use for transactions. The current market capitalization of MakerDAO is $164 million. Blockchain-Based Software Products- “Blockchain-based Software Product” Blockchain business model focuses on building software products that utilize the power of Blockchain technology to solve particular problems. Development Platforms- In this Blockchain business model a business offers the tools and infrastructure for other companies and developers to develop and deploy their Blockchain solutions. Development platforms offer a comprehensive suite of tools like APIs and SDKs to simplify Blockchain integration into the operations of other businesses. This type of development platform usually generates revenue by charging the users a specific amount as a fee to access their services or taking a fixed percentage as a commission on the transactions that occur on the platform. Hyperledger is one of the best examples of the “Development Platforms” Blockchain business model. This platform offers tools, frameworks, and even guidelines for Blockchain development. These are the main categories of Blockchain business models. But as the technology is rapidly improving it is certain that new types of Blockchain business models are not very far. Advantages of Using Blockchain Business Models Trustless Systems- With blockchain, parties can engage in transactions without the need for a centralized authority, establishing trust through code. This results in increased security and reduced risk of fraud or manipulation. Automation- […]

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Steps To Create Kamion Like App- Uber For Trucks – 2025 Guide

Sushmeet — Thu, 20 Oct 2022 10:35:17 +0000

Digitalization has influenced many industries and their operations. Businesses across industries have adopted new tactics to maximize their profits. Businesses in the logistics industry also need to upgrade their service to boost their business operations and scale their business high. Apps like Kamion are some of the best tactics one can input in their business. Some startups have already started to operate with Uber-like apps for trucking and are also enjoying success. Kamion is one of the famous software in this Uber-style app for the trucks category. In case you want to create your own app like Kamion, this article will guide you. In this article, you will learn about the need for an Uber-like or Kamion like app for your trucking business. We will also discuss the steps to create a Uber-style app for your trucking business, features you can consider, and many more. What Is Kamion? Kamion is an advanced app highly suited for the trucking business. This app is basically a truck management system that connects carriers to the wide marketplaces of loads, and carrier services. Kamion drives profitability for logistics companies with modern capabilities. An Overview Of Kamion Kamion was founded in 2020 in Turkey The company Kamion is in the Series A stage currently Kamion has generated funding of $8.5 million in 2022 Trucking Industry Of The US The long-distance freight trucking business in the US has increased by 6.6% in 2022 from 2021. There are more than 570,179 long-distance freight trucking businesses currently operating in the US. The market of trucking in the US is valued at nearly $800 billion The trucking businesses move about 72.5% of the US’s freight by weight What Does Kamion Offer As An Uber-Like App For Trucks? Kamion is one of the most exciting apps in this category. It offers the trucking business opportunities to enhance its customer experience and stay miles ahead of its rivals. Let’s go through the benefits a trucking company can get through Kmaion- Multi-load Board – Kamion has a multi-load board displaying essential data. One can find better loads, suggested loads near the locations your truck will be empty, and also access the dispatcher performance reports. Improved Communication- A trucking company gets the flexibility to dispatch loads through an SMS or even an email to drivers. The app is also useful in sharing a link to the customers for tracking the truck in real time. Safety And Compliance- Kamion offers the flexibility of automatically receiving your reports regarding IFTA and safety compliances. Users can track existing documents and they will also receive a reminder when they need to check for safety and maintenance. Marking Out Areas- With actionable reports on driver performance, dispatcher performance, and many other areas one can detect the areas they are doing great and the areas that need improvement through Kamion. In case you are planning on developing an app of Kamion’s caliber contact Oyelabs now. Steps To Create Your Own Kamion Like App- Uber For Trucks The overall process of developing your own exclusive Uber-style truck app is divided into several steps. Let’s understand them all one by one- Market Analysis- The best way to start an app development project is to perform a complete market analysis including your business, industry, and competitors. The market analysis will offer you valuable insights like trends, demands, and scopes to maximize your profit on. Select Your Business Model- After performing a complete market analysis it is time to start planning the app and the first step is to select the business model that fits perfectly with your needs. Pick features- Features are the tools for a better customer experience which is why you have to be very critical while selecting the features for your Uber-style app for trucks. Design- Design is a crucial and significant part of the whole development process. An Uber-style app for trucks will require a premium-quality design to offer a better customer experience. MVP Development- After the designs are done by the experts it is time to create an MVP for your Kamion like app. Full Version Development And Test- As soon as you get the desired outcome from your MVP for an Uber-like app for trucks you need to create the complete version. Launch And Update- Once you verify your Uber-like trucking app you can deploy that on your desired platform. However, you need to be attentive in collecting user feedback for future improvements via updates. Features That Must Be Included In Your Uber-Like Trucking App There are hundreds of essential features that are a must in your Uber-style app for trucks. Let’s learn about some of them- Driver’s App Registration- Registration is the most important feature you must include. It helps in identifying a user. For registration, you can select several options. The two most common registration options are email registration and social media registration. Shipment Details- A driver must have access to all the cargo information before accepting the shipment. That is why we integrate the shipment details feature containing information like- dimensions, weight, fragile or spillable, date, pick-up, and delivery locations, and scheduled time for pick-up and delivery. Filtering- In an Uber-like app for trucks, you must ensure that the information regarding shipment is well-sorted. Then our feature of filtering can help the drivers in looking for shipments based on their preferences. Route Optimization And Tracking- With this feature drivers will be able to track the routes live. Moreover, it will also help them in detecting traffic, accidents, and road repairs. With this feature, the driver can ship the delivery more quicker. Proof Of Delivery- Once the driver delivers the shipment, they need to present proof to the shipper. This feature will come in handy as drivers will be required to upload the documents or a photo only. Shipper’s App Registration- As in the driver’s app registration feature is also mandatory in the shipper’s app. With a registration feature for the shipper’s app, you can easily separate your Uber-like app for truck users […]

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Top 10 React Native Apps of 2025

Sushmeet — Wed, 19 Oct 2022 12:41:57 +0000

In the last decade, people have adapted to different technologies and experienced an advanced lifestyle. With all these technologies making their presence felt in our daily life our demands and needs have also upgraded. Even in mobile app development, the demands are making a significant impact. React native is one of the best examples among the modern-day technologies adopted in app development. React native has fulfilled the gaps in the current requirements of app development. It helps the developers offer a completely improved user experience, all the apps developed are cross-platform and most importantly it takes less time for development. In this article, we will be focusing on the top current apps using react native technology, the benefits of the technology, and the challenges. This article can be an effective resource for you if you are planning on developing your own react native app. What Is React Native? Let’s start with a brief definition of the technology react native. React native is a framework of JavaScript for creating real, natively rendering apps for mobile available for both the iOS and Android platforms. React Native Apps- Natively-rendered mobile apps created with the react native technology are called react native apps. React Native Is Highly Preferred React native offers the developer’s flexibility of developing natively-rendered apps for both the iOS and Android platforms in a short period. So, it is normal that it is one of the popular technologies in the mobile app development industry. The report shows that 42% of developers choose the react native technology for cross-platform app development As per the report of Bacancy Technology, react native is the second most used framework in cross-platform app development According to Enlyft, 49% of the global react native customers are from the US Advantages Of Using React Native In Your Mobile App Development There are ample advantages to using react native framework for your app. Let’s go through some of them- Saves Time- using react native ensures that more than 95% of the written code is cross-platform, so your app will easily be compatible with both iOS and Android devices. The developers will have the ease of developing only one app and that will help you save enough time. Cost-Effective- With react native framework businesses can have apps for both the iOS and Android platforms with just a little more than half of the cost of developing two different apps. You can stay relieved from the stress of picking the first platform to create your app for. Update and maintenance are also provided in both apps at the same time so you can save costs in the future as well. High Performance- React native apps can perform exactly like it was developed for the specific iOS and Android platform. The apps are also fast due to their programming language being optimized for mobile devices. Instead of primarily using the CPU react native apps use the GPU which results in the react native apps being quite faster than other cross-platform hybrid technologies. Highly Flexible- Using react native framework makes your app highly flexible for the developing teams. As the type of interface utilized in reacts native makes it easy for new developers in the project, they can start from where the previous developers have left off. This aspect enhances the development team’s flexibility. The upgrading and updating of the react native apps are easy due to this flexibility. Instantly View Changes- React native framework offers an option for “live reloading” or “ hot reloading”. The option helps the developers trace the changes they made to a code instantly. It helps the developer in getting real-time feedback. Top 10 React Native Apps In 2022 1.Facebook Even in 2022 when there are hundreds of social media platforms Facebook is still the most popular among them all. Over the years we have seen Facebook innovate and make progress from introducing the friend’s concept to video posting and reactions. Facebook has adopted react native as its hackathon project to fulfill the company’s needs. Their target was to bring all web development advantages to mobile like- Faster iteration Having one team develop the whole app Result Of Using React Native- Facebook is now more than twice as quick as it was 2. Facebook Ads The official social media app from Facebook is not the only react native app created by the firm. Facebook Ads is also one of the popular react native applications. This application was the first react native app for Android and it was also the first react native framework-based cross-platform app created by Facebook. Facebook selected the react native framework for the Facebook Ads to- Accurately handle different types of ad formats, time zones, currencies, and several forms of data Create intuitive UX and simple navigation Result Of Using React Native- The first thing one can notice is that the app lightning fast in every aspect 3. Instagram Instagram did not shy around integrating react native framework into their already existing app. Instagram is also one of the most popular social media platforms preferred by influencers in 2022. Around 1 billion active users are observed in the app every month. Instagram decided to include react native framework in their existing app to- A simple addition of push notifications Result Of Using React Native- As around 85%-90% of the cde was shared between iOS and Android apps the developing team was able to deliver the app faster than expected 4. Walmart Walmart is one of the biggest companies in the global retail industry. The American operator is well known for discount stores. Walmart has already proved its innovative approach by adding Node.js to its existing stack. After a few years, they have integrated react native framework into their existing Walmart app. The opt for react native to- Enhance the customer experience by adding advanced technologies Result Of Using React Native- 96% of the code was shared between iOS and Android platforms and Walmart successfully improved its customer experience on both platforms within a […]

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A Complete Guide on Clinikk and Its Business Model

Sushmeet — Tue, 20 Sep 2022 10:48:26 +0000

The Healthcare industry has experienced a mammoth growth in technology usage. Technology has led a revolution in the industry to maximize health benefits for everyone. Apps for healthcare services are one of the major trends observed in recent times. Clinikk is one of the major examples of online healthcare apps. We will learn about Clinikk in detail and analyze why it is getting the user preference. In this blog, we will explore Clinikk business model. What Is A Healthcare App? We will begin from the very beginning on this topic. So let’s start with understanding the concept of healthcare apps. Healthcare apps are a platform offering different types of medical services like insurance, doctor consultation, medicine orders, and scheduling medical tests. Reports suggest that global mobile healthcare apps will reach a value of $314.60 billion in 2028 at a CAGR of 34.8%. Healthcare apps can be categorized into two sections- Professional Healthcare Apps- Apps For Medical Reference And Data Networking App Patient Health Tracking App Doctor’s Appointment Booking App Patients’ Healthcare Apps- Medical Awareness App Reminder App Diagnosis App Healthy Lifestyle App Fitness Apps What Is Clinikk? Clinikk is a revolutionary app in the insurance industry. The app offers people subscription-based medical services. One can avail yourself of the benefits of an all-in-one plan as many times as he needs. The app however mainly offers health insurance services. One can buy an insurance plan starting at around $19 per month. This plan can be for himself alone or covering 3 other members of his family. Dr. Suraj Baliga and Bhavjot Kaur are the founders of Clinikk. They observed the situation of Indian people in medical emergencies and decided to do something for them. In 2016, they launched Clinikk to offer people affordable health insurance cum all-in-one medical solutions. How Does The Clinkk App Work? The founders Bhavjot and Dr. Baliga had experienced the poor condition of Indian Government hospitals. So they decided to do something to offer everyone the opportunity to have proper medical treatment. They created the company Clinikk which offers poor people insurance at a very affordable cost. The subscription fee model lets poor people have the option to choose any plans ranging from less than $1 to $7. The ultimate benefit of the plan is that the person buying an insurance plan from Clinikk can add multiple family members to the same plan as well. Once insurance is bought the buyer can avail of doctor consultation, and lab tests, and even if he needs to be hospitalized the bill will be under the plan in partnered hospitals. The customer can enjoy these facilities with no limitation but only the insurance amount. Clinikk Business Model Key Partners Insurance Companies Doctors Patients Pathology Labs Pharmaceutical Companies Investors Technology Partners Key Activities Software Development Promotion Product And Service Design Managing User Data Value Proposition Patients Doctors Pharmaceutical Companies Pathology Labs Customer Relationships Instant Insurance 24/7 Service Health Channels Offering Videos Clinikk Health Hubs Customer Segment Patients Wanting To Save Money By Having A Plan Pharmaceuticals Companies Looking To Expand Their Business Pathology Labs Trying To Increase Customer Base Insurance Companies To Looking Expand Their Business Key Resources Technology Insurance Doctors Pharmaceutical Companies Pathology Labs Channels Internet App Store Mobile Play Store Website Cost Structure Service Charges And Maintenance Charges As A Subscription Fee Revenue Streams Revenue From Subscriptions Commission From Insurance Companies How Does Clinikk Generate Revenue? Clinikk is a subscription-based healthcare app mainly focused on offering health insurance at a reasonably low price. The app mostly generates its revenue from subscription fees. There are multiple categories of plans with different price amounts. People purchase those as per their preferences. As these plans almost cover all the needs of a person in the medical aspects, people generally prefer this mode. Clinikk charges some percentage as commission from every purchased insurance from the insurance companies. Reports suggest that the Bengaluru-based firm is all set to reach a value of $134 billion in 2022. What Benefits Are Available In Clinikk Smart Plans? Clinikk Offers multiple categories of plans offering different sets of benefits for its customers. Let’s check what services are included in each plan- Smart Silver- In this plan the customer will be required to pay 500 INR ($6.26) per month. This plan includes- Free Doctor Consultation (In Person & Virtually) Prescribed Lab Tests with a 30% discount Prescribed Medicines with a 30% discount 500,000 INR ($6263.68) Health Insurance Smart Gold- If a customer buys this plan he will be paying 650 INR ($8.14) per month. The plan contains- Free Doctor Consultation (In Person & Virtually) Free Prescribed Lab Tests Free Prescribed Medicines 500,000 INR ($6263.68) Health Insurance Smart Diamond- In this plan, a customer needs to pay 800 INR ($10.2) per month. This plan consists of benefits like- Free Doctor Consultation (In Person & Virtually) Free Prescribed Lab Tests Free Prescribed Medicines with 500,000 INR ($6263.68) Health Insurance Specialist Care Smart Senior- This is for most senior citizens. Customers will be required to pay 800 INR ($10.2) per month. Customer gets- Free Doctor Consultation (In Person & Virtually) Free Prescribed Lab Tests Free Prescribed Medicines with Specialist Care Trends To Focus on While Creating A Healthcare App In case you are planning on developing a healthcare app, I will be introducing you to the modern-day trends in healthcare app development. IoT Integration- IoT is a technology that connects physical objects with the internet. It is extremely helpful in connecting two different devices and sharing data easily. In 2022 wearable fitness trackers are one of the most preferred things among people. These trackers help in step counting, calories burnt, heart rate, sleep monitoring, and identifying blood oxygen levels. So similarly, IoT can be utilized where doctors can track and record health-related data. Blockchain- Anything that is available on the internet or through the internet is at threat of cyber attack. So increasing the security standard of a healthcare app must be a top priority. Blockchain is one of the most preferred […]

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Steps to Building a SaaS Application in 2025 – Follow The Best Advice

Sushmeet — Tue, 13 Sep 2022 13:05:16 +0000

Building a SaaS Application usually referred to as cloud-based software, is one of the top three emerging technology investment areas, according to nearly half (48%) of respondents to Gartner’s 2021 Emerging Technology Product Leader Survey. They are investing in data and analytics. And with good cause. Web-based business apps are paid for on an hourly basis rather than all at once and don’t require difficult installations or binding contracts. The systems are typically more adaptable and cost-effective due to this. However, many of the business executives we interact with daily at GoodTroopers continue to be curious about SaaS and want to know why it would be a wise decision for their organization. Thus, we are writing this blog to address all your questions regarding SaaS, and how you can build a SaaS app for your business. So let’s get started without further ado. What is SaaS? Data can be accessed using SaaS, a technique of delivering software, from any device with an internet connection and a web browser. The servers, databases, and code that make up an application are hosted and maintained by software providers in this web-based architecture. As long as there is an internet connection, this also implies that you can use it from anywhere in the world. It implies that users can utilize an app even while developers are always working on updates from a development perspective. Because of cloud architecture, SaaS programs are so accessible. SaaS applications are designed and deployed on the private or public cloud, where they are also used to run. With less than 2% specifically requesting on-premise software, the cloud-based approach has become so widespread that more than 60% of software buyers who call GoodTroopers solely want web-based goods. There are two significant ways that SaaS differs from the conventional on-premise software delivery model: SaaS implementations don’t need a lot of hardware, so buyers can outsource the majority of the IT tasks usually needed to maintain and fix the program internally. On-premise software is often purchased through a permanent license that is paid upfront, whereas SaaS systems are frequently charged through a subscription model. Users who utilize on-premise software can also pay maintenance and support costs of up to 20% annually. Software licensing, support, and the majority of other costs are often included in the annual or monthly subscription charge for a SaaS system. Perks Of building a SaaS Application If you shift your infrastructure to the cloud, you can enjoy various advantages. One thing you should know about SaaS software is that it will undoubtedly lower your prices. Let’s go over each benefit of SaaS for your company now. Cost Effectiveness For several reasons, using SaaS can save you a lot of money. SaaS eliminates the user’s requirement to pay upfront costs for purchase and installation, to start. Furthermore, continuous costs for upkeep and enhancements are no longer an issue. SaaS apps are conveniently downloadable and practically maintenance-free from the user’s end, saving significant sums of money on hardware resources. Second, the pay-as-you-go SaaS pricing model enables companies to cut expenses because they only pay for the product they use and don’t waste money on unneeded licensing. Given that smaller companies now have access to powerful software that is not only pricey but also impossible to buy through traditional methods due to financial restrictions, SaaS is a true blessing for small firms. The financial risk associated with pricey software is eliminated by the subscription-based structure of SaaS systems. Business software can be deployed using the SaaS deployment paradigm, which manages IT infrastructure complexity without the need for time- and resource-intensive hardware maintenance. Your SaaS provider is in charge of handling all of this, giving businesses the freedom to select the ideal OS, free up resources, and divert them to other operations. Time Management Money is time. SaaS, fortunately, may help businesses save both. The only two things needed to install a SaaS program are an internet connection and the acquisition of a log-in to be installed. There is also no downtime or additional effort needed to update traditional software because SaaS companies handle the maintenance responsibilities related to it. Scalability SaaS’s extraordinary flexibility is another advantage. Because the SaaS application development supplier hosts the program externally, businesses can change their usage strategy without having to give advance notification. Because SaaS solutions are web-based, they may be accessed from anywhere around the globe. It is much simpler for home workers and people who operate at different locations thanks to SaaS, which allows users to access their data and work productively from anywhere. High Compatibility Updates can be very time- and money-consuming when installed conventionally. Version discrepancies across workforce members might cause compatibility issues. Consumers using SaaS technology just need to check in to obtain the most current upgraded version of their SaaS tool. The SaaS vendor is responsible for administering updates and upgrades, removing the need to install fixes. The end user will always have access to the most recent version of the product thanks to SaaS. Software as a service eliminates compatibility and maintenance problems, allowing your company to focus more clearly and operate more productively. Easy Management Such as Service, Backup Etc. SaaS, in contrast to traditional software, offers the user a guarantee regarding the software’s functionality. Our subscribers are assured by teams at GoodTroopers that all applications will be accessible 99.5% of the time. It is commonly known that weekly data backups using standard software unless an expensive automated solution is employed, maybe a very time-consuming activity. Because SaaS offers automated backups without user participation, it allows businesses to eliminate the task of data backups. This ensures data integrity. Heightened Security SaaS solutions, as opposed to conventional software, may typically keep an organization’s corporate information safer. For instance, to deliver our SaaS services, the IT infrastructure is contacted by several of our geographically dispersed data centers by GoodTrooper Partners. In the unfortunate case that a problem arises in one center, our services are nevertheless provided by the other […]

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An Absolute Guide on Financial Software Development

Sushmeet — Fri, 09 Sep 2022 12:42:51 +0000

In recent times a revolution due to digitalization has been observed in every business field. Financial Software development has emerged as one of the finest results of this revolution. If you are planning to pursue a career in the financial industry then you need to know about Financial Software completely. This article will discuss several aspects of Financial Software development like what it is, the role of a developer, types of software, and several other things. What Is Financial Software Development? Financial Software Development is the process of implementing numerous systems in a business process or in daily life for the improvement and automation of all digital financial services and transactions. The development of Financial Software is basically for the betterment of the banking activities like mobile payment, mobile banking, trading, and even exchanging cryptocurrencies. The Financial Software Demand Is Set To Increase Business Wire predicts that the global personal Financial Software market will reach $1.58 billion value in 2027 at a CAGR of 5.59% Globe News Wire reports that the global Fintech-as-a-Service market will grow to $681.6 billion by 2028 at a CAGR of 16.9% Reports from The Brainy Insights show that the Financial Software market will reach $936.51 billion in the 2022-2030 cycle at a CAGR of 26.2% What Is the Role Of A Developer In Financial Software Development? The role of a developer in Financial Software development can vary as per client demands. But in general, there are some regular tasks and responsibilities for a developer in Financial Software development- Identifying Requirements- A Financial Software developer needs to work with the management and other departments as well in order to understand the end-user requirements for the Financial Software. Designing- A Financial Software developer is required to work on the algorithms to decide the functions of the Fintech Software. Testing- A Financial Software developer is also required to test the software he has developed. After the development of each program, he needs to test them in order to confirm the Financial Software is bug-free. Assessing Feedback- A Fintech Software developer must assess the end-user feedback to identify the areas for improvement. Update- As a Financial Software developer it will be his responsibility to mitigate all the issues or improve Fintech Software’s performance through updates. Popular Categories Of Financial Software Online Banking- Online Banking is a popular category of Financial Software offering benefits like improved security, worldwide access, very limited paperwork, and easy tracking of payments. Insurtech- This category refers to insurance apps. A business can enhance their customer experience, reduce cost, engage customers across the channels, limit their systemic waste and protect consumer data through an Insurtech app. P2P Lending- P2P lending category of the Fintech app is gaining customer preference at a rapid pace. A business can gain the advantages like- extra opportunities in revenue generation via fines, the data is self-verified by users so minimal chances of wrong input, and target a larger audience base. Digital Wallet- Globally preferred Financial Software category is Digital Wallet. A business can obtain a global promotion, better security standards for consumer data, options in business, and revenue models, and gain more by influencing people’s spending habits. Investment- Investment software is high in demand. One can develop an Investment app in different models based on the end-users. Cryptocurrency- Cryptocurrency is one of the most trending categories due to the recent surge in cryptocurrencies. One can have a global audience base and wider scope for revenue generation. Essential Features Of A Financial Software Secure Authentication- Authentication is one of the most essential aspects of any category of Financial Software. The main way to protect your users from fraud and scams is to implement multi-factor authentication. Email, phone numbers, OTP, fingerprint, or face recognition are some of the best strategies for multi-factor authentication. Category-Oriented Functions- This is a crucial area to focus on if you are planning to develop Fintech Software. You must have to include functions that are suitable for the category of your Fintech application. For personal wealth management, you must have a dashboard, multiple accounts linking options, and expense and income history. But in the P2P lending app, you must have a credit score for the borrowers, loan market, repayment, and other different functions. Payments- It is a common feature of every Financial Software category. Every user of any category of Fintech Software will prefer the flexibility to make real-time payments. You can include a QR code scan for payment, payment through account details, or any other methods as well. Dashboard- Every software that is data-driven must have a feature to track and manage the systems. A dashboard within your Financial Software can inform the users about their spending, income, market data, and scheduled payments as well. Push Notification- Push notifications can serve as a customer experience improvement tool. Push notifications can be used to alert the users about their credit or debit, change in rates, offers, or even update on their loan application status. Common Stages In Financial Software Development Process The development process in each category of Financial Software can be different but all the processes have a common division of stages. Assessing Requirements- It is essential to analyze the business requirements of clients related to their planned Financial Software. It will help in identifying the correct category, feature sets, technologies to be implemented, and the capability of the application. Design- The next stage is UI/UX design. The ideal intent in the design stage is to make the Software as easy as possible for end-users to access. MVP Development- Once the design is ready the client must confirm it. As soon as the design is confirmed the features, technology implementation, and integration of security measures are done. Launch- Once the MVP is developed the developing party must launch the app on the client-given platform after testing its reliability, compatibility, and functionality. Maintenance- The last stage is maintenance. It is essential to ensure the Financial Software stays completely updated, bugs-free, and completely secured. Emerging Technologies In Financial Software […]

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Staff Augmentation Services- When to opt & When to Not

Sushmeet — Thu, 08 Sep 2022 07:31:59 +0000

In the current era, you can not afford to be slow in any aspect. Businesses need to be more serious due to the competition being extremely tough in recent times. Digitalization has led them to innovate more. A business must have a complete workforce to deliver the clients what they need. To have a complete staff, a business might face difficulties due to the hiring process being time taking and complex sometimes. In this scenario, Staff Augmentation Services might come handy. What Is Staff Augmentation Service? Staff Augmentation is one type of outsourcing option to get your job done but more cost-effectively and flexibly. It can offer you huge benefits to fill the essential job roles that are vacant in your company. In this service, employees are hired on a contract basis and they have the option to serve you from their homes or even from the office of the company that is offering you Staff Augmentation services. Expected Growth In Staff Augmentation Services Staff Augmentation services are growing at a rapid speed as businesses are preferring them due to their flexibility and cost-effective nature. According to We Are UV, by the end of 2022 the outsourcing market will reach a value of $531 billion. As reported by PR News Wire, the Staff Augmentation Services market will experience an incremental spend of around $81.87 billion in the 2021-2025 cycle. What Are the Pros Of Staff Augmentation Services? Access To Huge Talent Pool- The hiring process for full-time employees may consume a lot of time and effort. However, still, the company may not create a properly balanced team. Staff Augmentation serves businesses as a means of short-term recruiting that lets them access a huge talent pool. As the Staff Augmentation recruits are domain-centric they can offer new thinking capabilities to the firms. Apart from that, Staff Augmentation enables the companies to appoint experienced professionals in certain aspects who can offer them more in a short duration of time. Cost-Effectiveness- Every business focuses on cost savings. It is one of the major ways to generate more revenue. Staff Augmentation offers cost-effectiveness to the companies in completing projects. In case your business is in a country where the cost of living is very high it will be costly for you to appoint full-time employees. As you will be required to pay them high as the cost of living is high. But you can always avail of Staff Augmentation from a country where the cost of living is not that high. Expansion- Software companies always try to scale their business high as it helps them in taking full advantage of profitable market conditions. But to scale up their business they need a bigger workforce and for that, they need more capital. Staff Augmentation can serve companies in extending their workforce by hiring more dedicated developers without investing in advanced staffing. Better Control- Software companies can have better control over their projects as in Staff Augmentation Services, an organization only outsources the employees to other organizations. Having complete control over management can help you complete the project as desired. Recent Trends In Staff Augmentation Services Cloud Computing- As businesses are now preferring to move their whole infrastructure and apps to the cloud, they are in huge need of IT experts in Cloud Computing. AI And ML- To improve business operations companies are preferring AI and ML more. So an increased demand for IT experts in AI and ML is observed. Big Data- In the current age business operations are nothing without data the need for IT experts in Big Data technologies has increased immensely. Cybersecurity- Cyber attacks are now familiar to all of us. Every day there are hundreds of reported cases of cyber attacks. So IT professionals with relevant experience in cybersecurity are in huge demand. What Are The Possible Consequences Of Staff Augmentation Services? Learning The Context- When you hire an employee through Staff Augmentation Services, the employee enters a new working environment. It may take time for him to adjust to that environment. In some cases, the new hires need to change their working style and soft skill practices to be more productive. That is why you must be focused on making the integration process run smoothly without any time loss. Quality Risks- The risk an aspect of quality is present in every cooperation model. You must find a reliable partner to ensure there are no compromises in quality. A fixed contract with Staff Augmentation Service provides the company minimize the threat of low-quality services. You can also take part in the hiring process to select the best candidates for your services. Communication Gaps- In case you have an existing in-house team you must be aware that the recruit may not share healthy communication with all of them at once. This is noticed more when your in-house teams are working from your office and your newly hired profession is working remotely. Different Types of Staff Augmentation Staff Augmentation can be divided into three different categories- Within Country Staff Augmentation- In this model, any business hires employees within the same country. It offers the advantage of being familiar with the behavior of the citizen. Being familiar with the behaviors can help make decisions. The only negative aspects of this type are it can be expensive, and it restricts access to a large talent pool. Near Shore Staff Augmentation- In this type of Staff Augmentation a company hires staff from another country but within the same time zone. This category helps in getting a large pool of talent and it also helps in getting different perspectives as well. Offshore Staff Augmentation- In this category, a business hires staff from a different country and a completely different time zone. This category can offer the ultimate benefits like a much bigger talent pool to choose from and that too at a very low price. The only challenge in this model is the cultural or language barriers. Apart from that, it can be challenging to manage […]

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How does GoodPup Work and Make Money?

Sushmeet — Thu, 08 Sep 2022 06:05:49 +0000

The days of leaving pets with friends or family while going on vacation or giving their neighbor kids a few dollars for walking the dogs are long gone. Nowadays, technology has made everything easier, from ordering a cab to taking the dog for a walk. in this blog, we will explore the pet training apps, especially how does GoodPup work and its revenue model. Pet apps have transformed the pet care sector, facilitating the lives of owners and generating significant economic prospects. According to studies, the market for dog walking services reached $1 billion in 2018. By 2025, it is projected to expand by a precise 2.7% annually and reach USD 202.6 billion. Additionally, dog walkers work 35 to 40 hours per week and make a staggering $2000 each week. You can see how profitable this market sector has gotten from the facts provided above. The dog walking app not only makes it convenient for pet owners to find a dog sitter, but it also has the potential to make your company a successful endeavor. Do you want to create a comparable app but don’t know where to start? We’ve got you covered, so don’t worry. This article will go over how to create an app similar to Rover. But first, we need to talk about Rover, an app that is already very popular in the market. What Is A Dog Training App, And Why Are They So Successful? Dog training is all about imparting to your dog the knowledge of how to act consistently and comprehend different signs and languages. Additionally, it covers sitting, fetching tricks, and a lot more. Making the dog feel at ease with the pet owner’s commands and developing a relationship between the two are the main goals of dog training. This is considerably more involved than ordinary pet training, and it won’t be completed in a day or two. You might be surprised to learn that there is a sizable pet care sector that is making millions by creating different pet care products. You might be surprised to learn that nearly 44% of dog owners purchase pets online. According to data from 2015, pet owners spend close to 1191.9 US dollars annually on their animals. These applications include dog training, and by looking at the numbers, you can now infer the size of the industry and the potential growth areas for your company. Now that you’re certain you want a mobile app for dog training similar to GoodPup, tell us a little bit about it. Need Of Dog Training App Yes, dogs are fluffy and adorable, but they also come with extra duties. You must consistently take care of them, feed them, train them, groom them, take them to the vet, play with them, and most importantly, take them for walks since it revitalizes them after being inside all day. You cannot delegate all of these tasks to someone else, but you may delegate the most crucial one—taking the dog for a walk—to someone else. Due to the availability of numerous on-demand dog walking services, customers may place their dog in the capable hands of these service providers, who will care for it like their own. These dog walking services are especially helpful for people with demanding work schedules. Therefore, a dog owner who struggles to find time for his dog might try these dog walking apps. What Is The GoodPup App? Who is a good dog? Who is a good dog? Who is a good dog owner? That is correct! It’s you! It’s you! Due to the fact that you downloaded GoodPup. You can work one-on-one with certified, rated, and approved trainers using this beautifully made software to get your dog acting as well as it can. Lessons are given via video chat in real-time so the trainer can watch you teach the dog and make sure you’re doing it all correctly. Based on their profile, reviews, certificates, and areas of expertise, you choose your personal trainer. You can communicate with your trainer between video sessions to get rapid answers to frequent queries. You can train your dog whenever it’s convenient for you thanks to the app’s flexible scheduling features. Training remotely is even more advantageous now that there is a global epidemic because you don’t need to leave your house or invite anyone over. It’s essential to train your puppy, and GoodPup can help you make sure you’re doing it correctly. Don’t fail your puppy! How does GoodPup work? An on-demand dog walking app’s operation is quite standard and simple to carry out. The first step for a dog owner is to register with enough information about them and their pet. Additional information on the dog, such as his harness, collars, meds, and veterinarians, can be added. Now that the registration is complete, he may look for a dog walker in his area, and when he finds a match, he can give the walker his dog to take for a walk. Dog-walking apps are now growing in popularity among dog owners, and it makes sense given that they provide a wonderful opportunity to spend time with dogs while also making money. Related Read: Top Petcare Startup Ideas How Can You Monetize Your GoodPup Like App? Anyone who decides to create an application will always want it to be profitable. The majority of dog walking marketplaces have faith in the service aggregator platform’s business concept. These platforms have a good track record, which is why we’re taking a closer look at some of the most significant ones. Online Store Integration Simply put, e-commerce integration refers to the connection of e-commerce software with other software programs like CRM and ERP. As a result, data like sales offers, client contacts, and orders can automatically flow back and forth across the platforms. In plain English, it is internet-based electronic commerce, where goods are sold and purchased. Along with the fulfillment of online transactions, e-commerce also facilitates the exchange of data on prices and inventory. Commissions […]

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Impact Of Downtrend on Startups and Strategies to Succeed in 2025

Sushmeet — Sat, 27 Aug 2022 07:12:36 +0000

What Is A Downtrend? A downtrend is a serious issue often faced by businesses. Small businesses get affected by it more than others. A downtrend is a change in the demand for stocks in which the investors are not interested in buying the stocks of a business in fact they want to sell their existing stocks. A downtrend is a result of a startup’s business activities and security. Most startups surrender to the downtrend. As an impact of downtrend startup can face a reduction in their cash flows, and demand loss, they may be forced to reduce their staffing, and also be forced to limit their marketing. Startups suffer big time in a downtrend but they do have an opportunity to make changes and stay afloat. Implementation of key strategies can save a startup from succumbing to the impact of downtrend. Studies have shown that since 1900 every downtrend has lasted 15 months on average. So businesses need to make sure to keep themselves alive for the mentioned duration. Experts’ Opinions The downtrend is a huge threat hovering over industries since the outbreak of covid-19. As per CNBC, 8 out of 10 startups are expecting a downtrend in 2022. The latest report from the same website shows that the Q3 of 2022 small business Confidence Index has reduced to 42 which is 4 points lower than the previous quarter and this is also the lowest ever score. As per Dallas Fed, the GDP of the US faced a decrease of 1.6% in the first quarter of 2022 and 0.9% in the second quarter of 2022. As the downtrend may or may not occur in 2022, it is better to know the impact and strategies to deal with them. In this blog, you will find the challenges faced by startups during downtrends. We will also focus on the strategies startups can adopt to overcome the impact of downtrend. A well-discussed plan on the practices a startup can focus on will also be discussed in this article. Impact Of Downtrend On StartUps A downtrend affects startups to a heavy extent and many startups fail to make a comeback. A downtrend can impact a startup in many ways like- Reduction In Cash Flow- There is a common issue in startups that they operate on very tight cash flow. As a startup generating heavy funding is difficult they need to follow this method of tight cash flow. If a delay in payment occurs from the customer’s end the whole cash flow cycle gets disturbed. During a downtrend, companies may face a lack of funding and it will automatically reduce the cash flow. Loss Of Demand- During downtrends, customers often opt for limiting their purchase or even completely stopping it. If a startup company’s target businesses or clients go out of business then the startup might as well succumb to losses. Loss of demand can create a heavy impact on the startup and its business activities. Reduction In Profits- There is a common trait between customers and business owners that both limit their spending during downtrends. So a startup whose financial resource is dependent on sales is going to suffer big time. Customers limiting their expenses can create difficulties for startups in generating their revenue. A loss in revenue is all a loss in profits. Credit Crunch- Not just customers and business owners limit their expenses. Lenders or investors may also reduce their outflowing cash. This creates more pressure for startups as it makes the credit area a huge challenge. Downgoing Stock Prices- Reduction in profits, and cash flow reflects on the financial reports of a startup. This will directly impact the stock prices of the business. The impact can be as heavy as the dividends can disappear. Downgrading Product Or Service Quality- The worst impact of downtrend is the downgrade of product quality. Due to limited resources and funding startups are often required to decline the quality of their product or service. Reduction In Staffing And Productivity- Heavy losses in revenue of a startup create a shortage of financial resources. This shortage makes the reduction in staffing inevitable. Startups look to minimize their expenses in every possible way. Reducing staff is the most common and easy way to control expenses. The staff reduction will reduce productivity as well. Restricting Promotional Activities- One of the biggest tools for businesses to gain high sales and revenue is marketing. Although it is quite an impactful and effective practice, startups are forced to restrict all types of promotional activities in a downtrend. Strategies Startups can Adopt In the Face Of Downtrend Downtrend paralyzes the business processing of startups. But a startup can overcome the impact of downtrend and minimize the losses to a certain extent by adopting a few key strategies like- 1. Observe The Signs The early stage of a downtrend is the best time to implement solutions or apply strategies to overcome the challenges. Observing economic changes and financial panic among consumers can help in identifying the possibility of a downtrend. Economic Change- Ups and downs in the stock market are early signs of a downtrend. Financial Panic- Customers will react in financial panic during hard times. The abnormal dips in sales are big red signals before a downtrend. Observing the signs early can offer startups time to strategize and minimize the impacts of the possible downtrend. 2. Flexible Agreements According to experts, flexible contracts offer businesses to deal with the impact of downtrend without completely transforming their businesses. As startups might find it difficult in transforming their business, flexible agreements are a better solution. The flexible agreements allow startups to plan for the loss of business and areas to make up for costs. 3. Invest In Promotional Activities Startups often completely stop their marketing campaigns during downtrends. But the impact of downtrend is not affecting a single business so many businesses opt for stopping their marketing efforts. In this scenario, a startup can gain huge benefits by investing in marketing. Customer Trust- During a […]

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