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What is Industry Analysis?

Starting a business that will be successful in the long run is a difficult task. It is critical to make the most of this process in order to achieve the best possible outcome. According to statistics, roughly 20% of all new business ventures fail within the first 24 months. Only 25% of those who remain active life to the age of ten. The fundamental reason for this is that the project is not preceded by thorough industry analysis. This implies that the majority of failed business ventures were doomed from the start. Most people do not conduct extensive research into the industry in which they wish to work. Clearly, this is a major blunder, and business owners must recognize the significance of industry analysis. Opportunities in technology exist in a variety of industries. Every day, we see how technology is transforming our world. From dating to grocery shopping, it's difficult to imagine a facet of life that hasn't been influenced by technology. That is to say, you would be eq

Do you want to create the next big tech unicorn?

Here are some pointers to help you on your way! We are seeing a significant increase in the number of startups being established each year, and the mere thought of starting a business worth $1 billion is likely to overwhelm you! However, it is certainly possible for a business idea to flourish to that extent. In such cases, one of the first things you should think about is having a very specific plan in mind. It is much easier to get things moving once you have developed a solid strategy for achieving your goals. In the year 2020 alone, 475 unicorns were born! According to statistics, more than 90% of startups fail, and only 40% of those that do survive become profitable enough to last. These statistics should not deter you from entering the startup world. Our goal is to promote better practices and careful planning in order to launch a successful business. Now that we've gotten that out of the way, here are some key points to consider as you embark on your entrepreneurial journey!

How do you promote mobile apps after they've been released?

You are probably aware that there is a lot that goes into the process of developing a mobile app. A project is often time consuming, stressful, and draining from the start. You are faced with a completely new challenge once you have a fully developed app from a mobile app development company . A challenge for your mobile app is a lack of users, which is a problem that most web/mobile app companies face. As a result, it is critical to ensure and produce the best results. In other words, mobile apps face the same problem that any other product does at first: a lack of promotional reach! Given the massive number of available options, the chances of being found on store listings are slim to none. The Apple App Store has approximately 2 million apps and the Google Play Store has approximately 3 million apps. These figures show how important it is to effectively market your mobile apps in order to gain a user base. Newly developed mobile apps are never searched by their names in either of th

The Difficulties of Hiring An Off-Shore Software Or App Development Firm

There is no doubt that app development has grown in popularity recently, and demand is higher than ever. In today's competitive market, there are numerous business ventures jumping on the application bandwagon. Because of the increased adoption of mobile apps across industries, businesses must adapt to this technology in order to remain competitive. Today, we'll talk about the challenges and hidden costs that are frequently associated with offshore app development, as well as the things you should think about before hiring a team from another country. Before we continue, we would like to share some vital statistics regarding app development and its impact on the modern world. The app development industry is expected to become a trillion-dollar phenomenon by 2023. The pandemic has created a massive demand for apps, with over 218 billion downloads in 2020. Mobile users spend an average of 4 hours each day using applications. At least 60% of smartphone users have used contact butt

How Innobayt assisted a lubricant manufacturer in increasing operational efficiency

  Innovation through automation - Through interconnecting systems and IoT integration, Innobayt's unique solutions enabled a lubricant producer to improve operational efficiency. For a worldwide lubricant producer, operational inefficiencies arising from manual procedures and other sources posed a significant challenge. Innobayt used IoT software development and smart sensors to create a strong custom middleware that optimized the manufacturing process and integrated their disparate legacy systems. By eliminating human participation, automating processes, and centralizing all data, the adjustments addressed the majority of the manufacturing process' productivity difficulties. About the client Innobayt's client is a well-known manufacturer of industrial and automotive lubricants, with a strong focus on quality, safety, and sustainability. The lubricant company now has operations in over 130 countries and various R&D facilities that are always developing novel and effici

How much would it cost to develop an eCommerce website in Dubai?

The world is moving faster than ever toward digital solutions, as evidenced by the outbreak of the pandemic. This shift to digital solutions has had an impact on brick and mortar businesses, as they are no longer able to attract as many customers to their stores as they once did. Today, we will discuss the features that are a must-have for any eCommerce website, as well as the development process of an eCommerce website and the price range that one can expect to pay when hiring the  best website design company . Before we proceed, it is critical to note that there has never been a better time to invest in eCommerce than now. Vital statistics related to eCommerce in 2021: Close to 2 billion people have purchased products and services online in the last 12 months Global eCommerce sales have surged close to 30% in the past 12 months Business to business eCommerce sales are at an all-time high with 18% annual growth Millions of offline shoppers have decided to switch to online shopping sin

Top 3 Things To Look For Before Hiring A Mobile App Developer

If you're looking for mobile app development, you'll quickly discover that the market is flooded, to say the least. There are scores of mobile app developers out there, each claiming to be the best of the lot. Having said that, how many of those developers are actually eligible to create the app that you need. The count may be substantially lower than what you might have thought when you started off. Fret not, though! Think of this guide as a complete checklist that you may use while assessing the shortlisted prospects. In the end, knowing what exactly you are looking for in a mobile app development company in Dubai will make it much easier for you to find the right match for developing your app.  Creativity  If the mobile app development firm isn't really innovative, as an end-user you won't be thrilled by their work. The more a developer can capture a user's perspective, the more engaging the app will be. Some of the app development companies will be able to do th