One of the oldest known professions and also considered one of the most dangerous, Mining is now nothing like it used to be. The face of the mining industry has changed drastically. We no longer rely on physical hand and animal labor. Artificial Intelligence has stepped in. There is a lot going on.
Modern mines are sophisticated and machine-intensive environments. Whether we are extracting minerals and ores or gas, we need machines to extract, transport, refine, and move them to their destinations. AI is enabling the mining industry to be a safer and more profitable industry.
How AI Is Transforming The Mining Industry
Artificial Intelligence (AI) is driving innovation in the mining industry by transforming the way mines operate today. The mining industry is constantly looking out for ways to improve safety, productivity, and sustainability.
AI helps achieve these key factors by collecting data and using relevant information to optimize processes and improve equipment development. AI proves particularly useful when it comes to cumbersome and operations-heavy processes.
The use of AI can make operations and machinery even more sustainable in the long run.
Benefits Of AI In Mining
Mining companies must become more efficient and innovative. This will help them keep their workers safe, mitigate their environmental footprint and remain competitive. AI plays a vital role in this. Here are some advantages of AI integration in the mining industry:
1. Improve resource discovery and planning
The initial investment in mining can be very costly. The company must know precisely where and how to dig. A wrong location can cost millions of dollars. AI can help learn about the terrain they are working with and precisely map out and predict terrain better than any humans can do, effectively preventing those errors.
Artificial Intelligence can analyze vast amounts of data to find better resources. Better predictions will contribute to better planning and a better return on investment.
2. Cost optimization
Cost optimization is the primary motivation for mining companies to use AI. AI can analyze big data to help diggers conduct their operations more cost-effectively. It can also help them develop efficiency along these lines.
Mining companies can use the data collected to teach their machinery and prevent damage. AI can help automate different operational processes. It can also enable remotization that can substantially reduce labor, increase productivity and safety of workers. This can greatly reduce costs and increase productivity gains.
3. Preventive maintenance
Reactive maintenance can cost six to ten times more than predictive maintenance. On the other hand, predictive maintenance eliminates the risk of production halts ensuring operational continuity.
Furthermore, preventive maintenance makes it easier to maintain security protocol. It helps in the early detection of wear and tear of important pieces of equipment. This can help workers to predict and plan repairs and maintenance.
4. Reduces environmental footprint
Mining by nature has a negative environmental impact. While it is not possible to completely eliminate the impact of mining, AI-monitored devices are capable of instantly analyzing and interpreting enormous amounts of sensor data. These systems can help you locate patterns that may be of concern.
AI can provide greater value and reliability to the industry while increasing safety and reducing negative environmental impact. It can optimize dust control measures for haul roads by helping workers to apply the right doses of dust control additives at the right time in the right way.
This will also reduce associated water, additives, energy, and other factors by 50%. This is in addition to preventing road maintenance frequency, avoiding accidents, and loss of productivity.
5. Enhanced decision-making process
In the mining industry every second counts. When there is a breakdown, administrators cannot afford to lose time waiting for an engineer to arrive. Thankfully, AI enables administrators to obtain valuable insight in real-time and automate part of the decision-making process. These insights allow them to respond promptly and appropriately.
Why Do Mining Companies Still Hesitate To Adopt AI?
There is no doubt that AI holds immense promise for the future of the mining industry. However, some mining companies still hesitate in adopting AI. As with the adoption of any technology, if not implemented properly, AI adoption can be difficult, time-consuming, and costlier than anticipated. Here are some AI adoption challenges and solutions:
Resources: Every business is concerned with budget and return on investment (ROI). As legacy technology does not support AI, companies need to invest in compatible infrastructure that is agile, flexible, and scalable. Opting for cloud-based services can negate the huge costs of investing in newer servers and processors. Plus, it is a good idea to start small and scale up. It is also important to avoid unnecessary AI tools.
Industry culture: Leadership and culture that promotes experimentation and strategies will result in a more dynamic and scalable environment.
Lack of talent: AI technology is complex. Companies must thus look for people with the right mindset to help facilitate changes and capitalize on opportunities.
Governance: Only when leaders understand how AI fits into their business model can they encourage AI adoption.
How Can Fingent Help Resolve These Challenges And Transit To AI Capabilities At Ease?
Fingent has been at the forefront of leveraging the power of AI to empower leaders with the benefits of root-cause analysis and predictive insights. Our AI is built with the core philosophy of congruence between humans and machine capabilities.
Fingent can help deploy user-centric designs to enhance operational and machine reliability. We consider technology as an ally to enhance human intelligence and capabilities. Hence, our AI models can help solve many challenges that the mining industry faces.
Our AI solutions enable businesses to analyze voluminous, real-time data. Additionally, these solutions can also diagnose bottlenecks with the help of real-time monitoring and AI-powered predictive insights.
Fingent’s AI solutions can increase your productivity, reduce industrial waste, and enhance machine reliability. We can also help minimize the ecological impact of the mining industry while ensuring the safety of mineworkers.
We know that in the mining industry, each rock crushed is money saved or lost. We at Fingent understand that the mining industry needs to open up to modern operational practices that promote efficiency. Our AI solutions are powerful enablers to help your get there. Let’s discuss how we can assist you.
Building a successful business is a marathon. But determination and a business growth mindset can make it happen. If you are a business owner looking for a consistent approach to growing your business, you must realize that the essence of your company is the ability to establish trust with your customers.
True, building customer trust and loyalty takes time, effort, and persistence. But when you build trust, you are turning the key to rich dividends as your customer evangelists gear up to advocate your business. In turn, it increases brand visibility, attracts more consumers, and increases revenue.
In this article, you will learn the importance of building customer trust and loyalty in the growth of your business. You will also learn how emerging technologies can help boost customer trust in 2022.
Why Building Customer Trust And Loyalty Will Matter The Most Going Ahead?
As the world battles to contain the current pandemic crisis, customer trust and loyalty are being put to the test. However, it is good to remember that this is just one of the many crises we will face in the future. Now is the time to let your customers know how important they are to you.
Customer trust and loyalty are not just important where competition is fierce. It is a brand differentiator that could make or break a business. In a way, customer trust is an “insurance policy” against any future upheavals. It can ensure your survival if you face problems in the future. It will also ensure that your business thrives when others struggle to find a foothold.
Customer trust and loyalty are also important because they are constantly bombarded with various options. And for obvious reasons, this will only increase in the future. The need to build customer trust and loyalty has heightened, thanks to the immediate effect of emerging technologies.
How Can Emerging Technologies Help Boost Customer Trust?
Technologies are continually evolving and will always impact customer trust and loyalty. The speed of this change is faster than ever now. With emerging technologies, companies must prepare by identifying those trends now and capitalizing on them before it is too late.
The influence of technology can be a powerful catalyst to build customer trust and loyalty. Businesses that do not choose to move with emerging technologies will be left behind and may have to face business disruption.
Today, customers are becoming more tech-smart. To boost customer loyalty and trust, businesses must stay up-to-date with emerging technologies. Here is how you can boost customer trust:
- Technologies can help you keep your lines of communication open, fostering relationships
- Converse where and when you need
- Create a high level of personalization to promote brand loyalty
- Create an experience both online and in real-time
Technologies That Help Drive Customer Loyalty Through Unique Experiences
There are many opportunities to engage your customers and build their trust and loyalty. But that is only possible if your business is equipped with the right tools to capitalize on it. Consider some:
The influence of technology offers companies solutions to meet higher expectations. AI-powered chatbots enable businesses to better communicate with their customers. It helps you to be there with relevant messaging and information whenever the customers choose to reach out.
This has a significant impact on customer trust. It is noted that customers are increasingly willing to buy a product through chatbots.
Additionally, chatbots provide detailed records of conversations with your customers. This provides you with data that can be analyzed to gain insights on customer pain points. This data can also be used to improve your products and services.
2. Voice capabilities
Voice capabilities can be relied on to engage customer loyalty and facilitate actions. These capabilities can serve as a useful tool to the customer as it leverages data to make customers’ task simpler and more seamless.
Voice-enabled technology enables your company to do all these more efficiently. Besides, it appeals to busy customers as it indulges them in a quick shopping experience. This builds customer trust and loyalty and encourages repeat business.
3. Virtual and Augmented Reality
Virtual and Augmented Reality (AR and VR) technologies are game-changers in the way businesses communicate and interact with their customers. They enable customers to educate themselves and solve their issues better than ever before.
Additionally, these technologies will provide your sales reps better understanding of what the customer is going through. Thus, it increases their empathy and enables them to come up with better solutions for your customers’ issues.
Virtual and Augmented Reality are enabling the visual journey of the customer allowing them to search by looking at an object. This can open to new experiences. The resulting data can be used for innovative engagement in the future.
4. Customer Relationship Management (CRM)
CRM (Customer Relationship Management) is a tool for tracking and managing a customers’ journey. It makes communication between marketing teams more efficient.
A CRM tool allows retailers to analyze huge amounts of customer information including the feelings that drive customer behavior. This enables your company to establish a deeper connection with your customers. Using this technology will help you craft more highly personalized messaging and new features to your services and products.
5. Virtual showrooms
Many shoppers still prefer the in-store experience. Virtual reality allows customers to see a 3D rendering of a kitchen or other renovations. It also allows customers to pick and choose the items they would like in their virtual room.
This technology can also be useful in purchasing clothing from the comfort of their homes as it allows them to mix and match.
6. Artificial Intelligence
Artificial Intelligence (AI) can help your business stay a cut above the rest. It is a great tool to build customer loyalty and trust.
AI can provide you with needed information to understand the purchase behavior and interaction patterns of your customers. This information can be leveraged to design products that suit your customers.
Natural Language Processing (NLP), computer vision, and deep learning can be used to analyze a vast database of visuals and text. You can use this information to identify the main themes in colors, patterns, styles, and so on of your products. These findings can be implemented while designing future products.
Gear Up for Exciting Opportunities
Emerging technologies uncover exciting opportunities for businesses and are poised to increase economic growth by building customer loyalty and trust. Are you in on it? Give us a call and let’s get talking.
The global growth outlook remains uncertain. Companies are forced to operate in an environment characterized by unprecedented technological change and evolving consumer demand. The situation demands decisive action! Companies MUST look for new ways to grow and add value if they are to survive. The obvious solution is old business models must evolve and drive innovation. This is the only way businesses can respond to unexpected risks and opportunities. Sustainability plays a vital role here.
Sustainability can reduce the environmental footprint and deliver significant cost savings through cost avoidance. It can offer new growth opportunities and can build brand equity by creating emotional connections and making consumers feel good about embracing sustainable brands. Let’s get right into it and discuss more how you can drive innovation and business success through sustainability.
Let us first understand what innovation really is.
What is Innovation?
According to Merriam-Webster, innovation is “the introduction of something new.” This includes products and services. However, it also includes improvements in business processes or business models.
But sustainable innovation goes a step further. It is boosted and driven by concern for resources and the environment. It involves using concepts and products that were developed as a result of environmentally-aware designs and practices.
Businesses that have integrated sustainability into their innovation processes have framed their discussions around growth and returns. This helped businesses add measurable value for all stakeholders. Proper planning can help industries develop insights for the future. Such planning can guide their sustainability strategy as they develop sustainable innovation goals.
Why Choose Sustainability-Driven Innovation?
Sustainable innovation results in better business models, newer market segments, improved processes, and so on. It caters to consumer demand for greater sustainability.
As a result, businesses can achieve greater economic performance. On the other hand, it also results in a cleaner, healthier, and more stable world – one that propels economic growth! Here are three core reasons why you must choose sustainable innovation over traditional innovation.
1. Contributes to sustainable businesses
Sustainable innovation meets the needs of the current generation without compromising the needs of the future generation. Businesses must actively incorporate issues such as climate change into their innovation processes.
Companies that go beyond seeking immediate profits think long-term. Such companies invest in technologies and people for the future. Compared to their non-sustainable competitors, companies that rely on sustainable innovation bring in better people with personal ethics and thus contribute to sustainable business.
2. Better innovation and more innovation
Sustainability-oriented businesses produce more patents and more impactful patents. These companies think more broadly and learn from different perspectives welcoming insights and solutions from others. This leads to better innovation and more innovation.
3. More resilient
During these turbulent times, it is critical for businesses to remain resilient. Firms that are sustainability-oriented are more likely to experience less share price volatility. They tend to generate more revenues in the long run and thus survive through any crises compared to their competitors.
How To Develop A Sustainability Strategy
Sustainability can be a game-changer. It can drive innovation that shapes how key resources are used in products and services. Focusing on reducing waste or finding substitutes can be a powerful driver for sustainable innovative products and operating models.
Companies that combine environmental, societal, and financial priorities to re-imagine their core business models and stay ahead of the competition. A structured innovative strategy reinforces business advantage and the environmental and societal benefits. Here is a four-step strategy that can drive innovation and business success.
Step 1: Endeavor to understand the broader stakeholder ecosystem
Environmental and societal issues and trends might affect the stakeholder ecosystem. So, explore the potential impacts of ecosystem dynamics. This will help you identify a range of business vulnerabilities and opportunities. These can be excellent starting points to develop a sustainable strategy.
Next, explore scaling up the business. Consider where breaking points arise and how risks and opportunities change.
Step 2: Innovate and develop new aspects
Once you identify opportunity spaces, you can now innovate and develop new aspects.
- Change the production inputs
- Create impact by influencing the product usage cycle from cradle to grave
- Increase the environmental and societal value of your products and services
- Expand the value chain
- Shorten and reconfigure the global value chain to enable accurate and secure data tracking
- Encode, endorse, and monetize the full environmental and societal value of products and services
Step 3: Test, iterate and refine
A business with weak profit margins cannot invest in sustainable innovation to amplify environmental and societal benefits. Continue to assess and re-engineer your business model to improve resilience.
Step 4: Scale the initiative by engaging people in the company and its ecosystems to expand impact and advantage
This can be achieved by leveraging three enablers:
- Partnership with other organizations within or across the sectors
- Digital technology can be leveraged to reach previously unserved or underserved populations
- Develop cultures and leadership values that attract and engage people inside and outside your boundaries
- Keep in mind the future landscape
This four-step sustainability strategy offers companies a way to systematically integrate the social and business value in your business. This strategy will help you take on innovation for both business and social value.
It is a mistake to look at sustainable innovation as a short-term endeavor. Industry leaders must help their organization develop an effective and reliable strategy for sustainable innovation. The three Ps you will need to know to enable this are as follows:
- Purpose: Have a purpose that goes beyond profit maximization. Such a purpose will guide the sustainable innovation process to success. Industry leaders must weave sustainability into the organization’s DNA. This is only possible when they encourage and nurture out-of-the-box thinking where sustainability becomes an integral part of the business.
- Process: A successful innovation planning process must include specific sustainability requirements and performance targets. Sustainable innovation must be central to the innovation cycle, not just an additional step. Make sure you integrate sustainability into innovation planning.
- Partnership: Build strong external networks. This will bring in fresh innovative ideas. Working collaboratively with your partners can help accelerate existing projects or even kick-start fresh ones.
It is clear that innovation through sustainability is a megatrend that is here to stay! Where do you start? How can technology help you? Give us a call and let’s get talking about all the questions you have.
The impact of the pandemic on consumers across the globe has dramatically changed their demands, needs, and behavior. Many of these changes have critical implications for businesses in most sectors. To succeed in the next normal, businesses must respond proactively.
COVID-19 jolted consumer demand in a way that sets it apart from past disruptions. As a result, customer loyalty took a hard hit. Executing the four Ps of marketing (optimization of product, price, place, and promotion) became more complex than ever. Businesses must redouble and broaden their efforts toward meeting ever-changing customer demands and behavior.
As with everything else, it is important for an organization to know and understand its customers. If your company is at crossroads with today’s Ecommerce customers’ needs, this article will help you understand how technology can help satisfy these uprising demands quickly and effectively. So then, let’s first understand how customer behavior, needs, and demands change.
Ecommerce Customers’ Behavior, Demands, and Needs
Customers are like the moving targets. The key to success is to understand their behavior trends and use technology to help satisfy these uprising needs and demands. Linnworks research pointed to five such trends:
- Convenience is the need of the hour: 76% of consumers feel that convenience is the top priority in choosing a retailer. 90% of shoppers focus on using a trouble-free online store.
- The frictionless shopping experience is most valued: It was noted that 58% of consumers abandoned an online store altogether because they were difficult to use.
- Omnichannel shopping is gaining traction: One in three consumers has purchased an item while on social media. 71% of consumers prefer to complete a purchase on a social site without having to exit to the retailer’s site.
- Consumers demand flexible payment options: Four in five shoppers expect the “buy now, pay later” payment option.
- Delivery convenience: 95% of consumers say that fast and reliable delivery methods play a crucial role in their decision-making.
How Can Technology Help Satisfy these Uprising Needs and Demands of Today’s Consumers?
1. Allow your consumers to experience products before they buy
The biggest roadblock facing Ecommerce businesses has been the inability of consumers to experience products before they buy. Everyone likes to try on clothes they like to buy or see how is their new couch looks in their living room.
This is where AR (Augmented Reality) can help your business. AR can help your consumers try on clothes or closely inspect the components of a mobile device. AR market is expected to reach 2.54 billion by 2023. Online retailers who fail to take full advantage of this technology may likely experience business disruption.
2. Bring your product to life with virtual shopping
Virtual reality shopping can bring your products to life. It helps your customers to have an in-store-like experience, without actually being there. VR technology allows you to tag products so your customers can purchase on the spot. It can instantly connect buyers with customer service executives.
VR can make product recommendations based on customer metrics. It can also cater to both desktop and mobile users. Thus, it provides a better customer experience attracting more customers to your online store.
3. Be omnichannel ready
Todays’ Ecommerce customers like to cross-channel research and purchase. So, they expect smooth interactions across these channels and devices. Technology can help you to provide your customers with what they want, when they want it, and where they want it to. Some of these technologies include video chat, screen sharing, document interaction, e-signature, and more.
Co-browsing is an effective visual engagement system. It can bring your sales executives and customers together on the same page, at the same time. This allows your executive to guide your customers through the complex procedures making their customer journey as smooth as it can be.
4. Enhance customer communication with chatbots and AI
Artificial Intelligence has a major impact on how we live and work. Voice shopping is expected to jump to $40 billion by 2022, rising from $2 billion today. And 45% of millennials have already been shopping using voice assistants.
Chatbots and AI improve customer experience and boost brand image. These chatbots can be personalized to order food, get recommendations for almost anything, receive details regarding payment or order status, and more.
5. Hassle-free checkout process
Inefficient checkout processes can raise the chances of cart abandonment. However, this problem can be avoided by embracing technology that provides quick and efficient checkout solutions.
Technology enables speedy mobile payment solutions, allows your customers to save card details for repeat purchases. Above all, it proves one-page hassle-free checkouts and offers a range of payment options. All these can alleviate any potential difficulties your customers may face at checkout.
6. Enable m-commerce to enhance Ecommerce
Today many shoppers shop on the go. Hence, mobile platforms have gained greater importance. So much so that m-commerce is emerging as a concept. Given that, providing a mobile-oriented shopping experience will certainly help you win potential customers, maximizing your chances of future success.
Ecommerce mobile apps offer continuous engagement with your brand. It can help them familiarize with new and relevant purchasing opportunities. These apps also allow you to market products relevant to the specific geographical location of your customers.
How Can Fingent Help Deploy These Evolving Technologies For Ecommerce Businesses?
It is one thing to understand your consumer behavior but another thing entirely to implement technology to satisfy their demands and needs. Fingent is here to help you implement these technologies efficiently. We can help you move the needle and dominate your niche in the Ecommerce industry.
Fingent can help you implement those that make sense and put the rest on the back burner. We can aid in the success of your Ecommerce venture by implementing cutting-edge technologies. Our development experts will help you promote your products in new and innovative ways.
Choosing Fingent can help you save a lot of time and money and avoid unnecessary complexity as we can provide all the needed components. Our platforms are easy to manage yet robust enough to house thousands of products. We can handle unique order processes and payment terms for your Ecommerce sales. Let’s get talking.
Digital transformation is pervasive. It is hard but absolutely crucial. Enterprises need to transform their traditional business or risk sure failure. As new players emerge and disrupt established businesses, you will need a fundamental transformation of your core processes to remain competitive.
This may come with its share of worries though. Some of these dilemmas are obvious and quite common. They can be categorized into five major sections: productivity dilemma, value dilemma, ethical dilemma, leadership dilemma, and the human dilemma.
The right approach to these dilemmas is not taking absolute positioning with one of the concepts. Instead, a combination of the two concepts will bring the most value to your business and your clients.
This compromise or combination is not a one size fits all solution. Each organization must figure out where the right compromise is for its business. Wherever you position yourself between the concepts, know that it will have a significant impact on your business.
Given the high stakes involved, digital transformation can be an anxiety-inducing term. Digital transformation can be especially challenging for enterprises with hundreds of employees, assets worth billions, and established business models. In our experience at Fingent, answering these questions greatly increases your organizations’ chances of getting your digital transformation right.
1. What does Digital Transformation really mean?
Digital transformation involves two parts:
- Transforming to digital: This is about using digital technology as a destination. Simply put, it is reorienting your organization to the strategic use of digital technologies. These technologies may include social networks, cloud platforms, products, and so on.
- Transforming digitally: This is about changing how you take the actual digital journey. In other words, this is about using digital technologies to change the nature of your business transformation.
We have found that the organizations that have implemented both aspects are reaping huge rewards than those that are using just one.
2. Where should I begin with Digital Transformation?
Because digital transformation affects so many aspects of organizational operations and customer behavior, it can be difficult to know where to begin. Hence, business leaders need to review the core elements of the business affected by the change.
Here is what you can do: Systematically work through the elements and rank each one by its possible impact and feasibility. Doing so will provide a clearer vision of how your business landscape is changing. It also helps you think through the implications of your business.
3. How to identify which customer journey matters the most?
Every business is aware of its own priorities. For most businesses, their first priority is to use digital technologies to connect internal resources to create a more compelling customer experience.
Focusing on individual interactions with your brand helps ground the transformation by optimizing the customer journey. This helps your organization to identify which technology, process, and capability are needed to deliver a great experience.
Here is what you can do: Map out the customer journey from start to finish. Then, focus on how you can make each touchpoint better, faster, and more efficient. This may require adjusting key performance indicators to track and reward progress on customer journeys.
4. What is the biggest impediment to Digital Transformation?
Lack of collective thinking can be a huge barrier that can block your journey to digital transformation. This happens when there is no up-to-date strategic view of who is responsible for progress and how technology should add value to your business.
Here is what you can do: Provide visible CEO support to build momentum. This would require a clear mandate on things to do, sufficient resources to develop a program, and profit-loss accountability.
5. Is it necessary to ‘Test and Learn’?
Successful organizations iterate until they get it right! Constant testing will help them deliver what customers want and understand why they want it. This approach will prevent organizations from getting caught up in overly deterministic specifications, needless market research, and ineffective long planning cycles.
Here is what you can do to ensure that your ‘test and learn’ is effective: Constantly review the actions of your teams. Also, review the investments against data on all areas of customers’ journey. This will help in increasing incremental sales.
6. How do I know what is the right Budgetary Cycle?
An insufficient budgetary cycle can hamper digital transformation efforts. A flexible budgetary cycle will always be the most effective one, so your investment should be linked to progress.
Here is what you can do: You need not hesitate to pull the plug if key performance indicators fail. On the other hand, you must also be ready to quickly pump in more funding if the performance justifies it.
7. What are the benefits of a Challenger Board?
Remember not all ideas are brilliant. A ‘challenger board’ can ensure that a bad idea does not squander all your resources.
Here is what you can do: Choose people who know your business inside out to form your ‘challenger board.’ Based on their experience and outsider perspective, these experts can quickly uncover problems and identify opportunities for business disruption.
As a second option, you could set up a dedicated advisory board. They can help a company guide its organization through digital transformation.
How Can Fingent Help In Your Approach To Digital Transformation?
If your primary concern is speed to market and ongoing work agility, rest assured, Fingent is here to help you. We are experts in AEC, an acronym that stands for Agility, Engagement, and Connectivity.
- Agility: Fingent will enable you to build and implement applications quickly.
- Engagement: Our experts at Fingent can prove appropriate application user experiences for each worker.
- Connectivity: We will make it easy for you to integrate your business with external systems and data sources.
Together with new cloud-based deployment, we at Fingent extend strong support for model-driven organizations. We will help you break through the inevitable barriers and increase your chances of achieving a successful digital transformation. Call us!
The entire world is grappling with the scare of the COVID-19 pandemic. Given the uncertainty of the pandemic, Human Resources departments across the globe went into overdrive to map out all possibilities that employees would undergo. Previously, HR departments were concerned with compensation, compliance, and benefits. However, with changing times, their role as HR professionals evolved. Today they are supporting the greatest assets of their company: Employees!
Beyond hiring and growth, HR professionals are now seen as strategic partners for every department within an organization. The resilience of an organization and its people depends on the strength of the HR department. It plays a vital role in boosting the economy. HR professionals cushion the sudden shift in workplace culture and equip the team for the future of work.
The pandemic has suddenly brought in industrial shifts. Understanding these shifts is the key that helps in keeping pace with the rapid developments across the organization. That is why HR professionals are called the pulse of any organization. However, this is not easy as they face several challenges.
HR Professionals Face Increasing Challenges
In a remote work setting, technology continues to have a direct impact on the day-to-day work of employees. So, HR leaders must plan their technology investments more carefully than ever before.
Additionally, HR professionals may face challenges from their employers and employees whom they serve. Hence, HR personnel must identify upcoming challenges. This will help them to use technology to facilitate more informed decisions faster. Here are a few challenges:
1. Recruiting and retaining employees
Employers must hire candidates with an appropriate degree, skills, and experience. Plus, these candidates must be a good fit with the organizational culture. Once a candidate is hired it is important to retain the best worker through a successful employee engagement approach.
2. Bridging the gap between the employer and the employee
It is important to ensure that a qualified candidate does not slip through the cracks. This job needs to be thorough, requiring HR professionals’ full attention. This is also time-sensitive because the talent could be easily snatched by a competition.
Hence HR professionals need technology that can streamline the process of job postings, interview scheduling, hiring workflows for more efficient results. It should also improve accuracy and save the time of HR and applicants alike.
3. Pressured for faster decision-making
Most companies rely on data to make key operational decisions. To make informed decisions they must identify areas of exposure to and devise effective solutions. The pandemic showed us all that the work environment can change suddenly without warning. Hence, HR professionals need to have new information at their fingertips to predict the effect of change on their organization and make needed changes quickly to ensure the survival of their company.
Must-Have Technology Trends for the Efficient Functioning of an HR Department
Some technologies have emerged as a response to the pandemic. Even so, these may continue to be long-term shifts in the current and future workplace. These new technologies may help an organization stay resilient and better equipped to adapt to future crises.
1. Cloud talent management
Nowadays, HR professionals depend on multiple solutions to automate hiring, onboarding, performance evaluation, and more. Cloud-based HR tools give all members of the team access to relevant workplace data at any given time.
Cloud talent management reduces the risk of human error while processing data. It promotes collaboration within the team and saves time and money. It is also more flexible and easier to update, unlike the dispersed toolkit.
2. Geared up for remote work
The organization must ensure their remote employees working from various locations and time zones have the same learning opportunities. The latest HR technologies have a variety of products that improve remote work.
3. Increased focus on data security
Increased reliance on cloud technologies will need increased measures to protect sensitive data. The latest HR technology trends focus on security and push organizations to implement new procedures.
4. Self-service tools for employees
HR professionals are overworked as they are the employees’ go-to for workplace updates and any other information. With these additional responsibilities, some of this data can be made available to the employee via self-service tools.
These tools can increase administrative efficiency and improve transparency. They can provide real-time updates for all employees. It boosts team morale while reducing burnout.
How Can Fingent Help Adapt Better To The Rising Changes And Prepare HR For The Future?
Fingent can not only change the way your organization is built but the way it runs as well. We can help you change work behaviors for the better. Your HR professionals do not have to be overwhelmed by repetitive administrative tasks.
Fingent can help you adapt better to rising changes. We can help you cut through the complexity of HR technology. Fingent’s customized solutions can help you scale up your core business strategies and focus on your most valuable asset – your employees. That is why our Fingent mantra is ‘locate and lock right talent.’
We understand that your workforce is the backbone of your organization. We will use our in-depth expertise, robust data analysis, and customized solutions to help you align your people, performance, and business values. Fingent’s people development platform Skill Lake is specifically designed to “build a holistic learning culture that goes beyond functional skills, speed up onboarding, and facilitate the on-the-job application of learning concepts.”
Check out the most unique people development platform – Skill Lake!
MUSA is another of Fingent’s brilliant solutions to help streamline and optimize HR and Talent Management tasks. Here is a bit about it:
Why was MUSA required?
Fingent realized that the PeopleOps team was overworked with several mundane jobs. That led to the development of AI-powered virtual assistants. This automated FAQs and improved the efficiency of HR teams.
What was the result?
The virtual assistant improved the HR team’s response time by providing instant and accurate responses to common queries. Thus, it relieved the HR team by minimizing their workload helping them to give adequate attention to the most important asset of an organization, their workforce.
Keep Up With Transforming Behaviors
Last year or so has seen the world change rapidly. This change may seem temporary. But here is a word of caution! This will spark a behavior pattern that will permanently transform the future of work. HR professionals must adapt accordingly to meet these changes. Fingent is confident that these and more HR tech trends will empower the transformation of the future of HR and talent management. Call us today and allow us to help shape the future of your HR function.
2020 has proved beyond doubt that technology partnership is an essential element in the creation of a successful business. Sticking to a DIY strategy may sound good in the wake of economic upheaval. But honestly, no business wants to “just survive.” Every business in every sector wants to thrive and stay relevant despite the challenges.
In recent times, technology keeps changing far too quickly. Missing the first door of opportunity may mean greatly diminished market potential. On the contrary, partnering with a technology company offers the quickest way to ensure an impactful presence in your market segment.
Do you own a business? Or are you an entrepreneur with multiple companies? Is the concept of a “technology partner” too abstract for you? If so, we are here to help you understand why partnering with a reliable tech company is the need of the hour. Here’s also highlighting the benefits of such a partnership.
Why is Partnering with Tech Companies the Need of the Hour?
Most businesses around the world are recovering from pandemic-related economic hardship. Although this has scared many, it is clear that businesses need to become more ‘upheaval-ready.’ Partnering with a tech company can make your business ‘upheaval-ready’ while elevating your business. Let’s now consider specific reasons.
1. Apprehensive about future challenges?
During the pandemic, you may have had to adapt to new ways of doing business. There is a high probability that this change may not end here. The next few years may experience aftershocks due to health and safety standards and economic fallouts.
Thankfully, new technologies and new ways of using old technologies can help you meet your current and future business needs. What do you implement though and how in the world will you go about doing that? This is where partnering with a tech company can be a boon.
2. You need specific talent
Consider this scenario: you have new projects that require a specific skill set that your current team does not possess. On the other hand, it is also not the right time to hire. Plus, you do not have the time or resources to look for such talent.
Additionally, bringing in new talent that would require extensive training can be way more exhausting than it may seem. What is your best option? A tech partner! Your partner will be able to provide the needed skillset. This may prove to be more cost-effective and less exhausting than hiring and training a new candidate.
3. New technology seems painfully elusive
Do you feel that your competitors are pushing ahead with the latest technology while you can’t even begin to wrap your head around it? Are you anxious that your business will suffer if you do not adopt digital transformation immediately?
If so, worry no more! A partnership with a technology company is exactly what you need to give your business that edge that seems so elusive.
Benefits Of Partnering with Technology Company
Collaboration is key to creativity – Walter Isaacson
Collaboration that brings in creativity and spearheads agility is what you need right now. Here are some direct and indirect benefits of tech partnership:
1. Provides a new set of eyes backed with experience
Does your business require multiple levels of testing and repeated proofreading and fact-checking stages? Do you occasionally require external evaluation to identify issues you cannot see immediately? Your tech partner can do all of these for you. Also, they may be able to provide unique solutions for your specific needs.
Allowing a tech partner to take care of these needs can free your time and resources to stay focused on what you do best.
2. Offers skillset and solutions as and when you need
Business suffers when problems go unidentified and unsolved. Partnering with the right tech company can help you identify and solve such issues before they snowball.
The best part of this partnership is that you can hire them on your terms. It can either be short-term or something that you do yearly.
3. Cost and labor savings
Cost and labor are major points of consideration in running a profitable business. Not all businesses can afford the latest tech advancements. There is no arguing however that organizations need the latest technology to run their business efficiently and cost-effectively.
A tech partner can help in managing communication and resource organization by eliminating manual processes. It can reset repetitive and simple data entry tasks that can consume precious time. Time saved is money saved!
4. Reduce risks
No business can afford a technology failure as it can pose a huge risk. A tech partner can insulate your organization from those risks.
5. Increased employee performance
Technology helps employees do their jobs more efficiently. You cannot afford to miss important compatibility and workflow improvement opportunities in this age. Your tech partner can help integrate your network to improve employee performance. This automatically leads to improved business performance.
6. Opportunity to expand your tech expertise
Not all businesses can afford technical expert knowledge in-house. Partnering with a tech company allows you to complement and broaden your organization’s existing technical expertise.
7. The partnership is more cost-effective
Paying employees 24/7, 365 days for IT support is expensive. It is cost-effective to outsource the IT support team. Partnering with a tech company can give you greater access to experienced tech support when you need it.
Why Fingent Can Be Your Ideal Tech Partner
Fingent brings a wealth of technical expertise coupled with business experience to our partners. We draw on decades of engineering expertise to develop unique solutions for each of our clients.
At Fingent we maximize the potential of your business with tech expertise backed by sound business sense. We can empower you with the benefits that technology can offer to compete in a global arena.
Fingent has both the necessary certifications and experience you need. Our staff is diversified with specific tasks but is kept informed about each level of the project. We stay abreast of all technological advances.
We have worked with a wide range of clients and have the skills needed to partner with new industries. We believe that technology can enhance and enrich all walks of human existence.
Visionaries at Fingent can help you reimagine the way you work. Fingent can help kickstart your digital transformation journey to bring you into the future – a thriving and stable future. We are confident that you will appreciate all the strategies we create to help you. Give us a call and find out for yourself.
With the ongoing COVID-19 pandemic, the healthcare industry is spiraling at an unexpected speed and is continuously inventing healthcare solutions to drive streamlined operations. Medical organizations are now largely depending on custom healthcare software solutions to maintain medical history, electronic health records, patient’s personal information, and other medical data to provide better patient care and health services. This blog will take you through why your healthcare organization needs to invest in custom healthcare software development, and how it’s beneficial to outsource it!
What is custom healthcare software development?
Today, healthcare is driven by technological innovations such as big data, electronic patient record systems, interoperability, and machine learning. The need for this is to provide better patient experiences and improve health outcomes. To achieve this, there is a need for professionally designed tools and solutions that can help healthcare providers to deliver patient-first and cost-effective care.
Custom healthcare software development is the process of creating web or mobile apps for medical professionals so they can interact with patients better, use medical data analytics, and access patient health records.
Examples of how custom software development has transformed the healthcare industry include;
- Tools such as Hospital Management Systems (HMS) or Hospital Information System (HIS) are comprehensive integrated solutions that handle different aspects of hospital or clinic’s workflow efficiently.
- An Electronic Health Record (EHR) system collects a patient’s data and history and stores it in a digital format that makes sharing across different healthcare systems easy.
- Mobile apps and wearable devices are serving several health aspects.
Key benefits of custom healthcare software
1. Tailor-made solution
Software solutions built specifically catering to your organizational needs help deliver better customer services. Especially when it concerns providing patient-care services, it is always recommended to invest in custom or tailormade solutions. An off-the-shelf or packaged solution, in comparison to a custom software solution, may or may not be able to meet your organization’s requirements or even work well within a specific type of facility. A custom software solution will help solve your business-specific complexes and will help meet your business goals.
2. Streamline processes
Undoubtedly, technology enables us to get our work done efficiently and more accurately. A custom software solution can have a far-reaching impact. It frees your staff to allow them to focus on patient care.
3. Personalized care
Today, patients want to understand their health on their own and expect personalized services from their healthcare provider. This is why there is an increasing demand for telemedicine, at-home testing kits, and health apps.
4. Enhanced security
Custom healthcare software solutions are built in compliance with the industry standards and guarantee that personal data stays secure and confidential. An app must comply with Open Web Application Security Project standards and other certifications, to be approved.
When it comes to creating custom healthcare software, organizations can;
- Leverage any open-source platform to create a customizable solution without the need for coding
- Outsource the entire custom software development process to a reliable development agency.
Advantages of outsourcing healthcare software development
1. Economical and effective
By outsourcing to a third-party offshore company, you can save a lot of costs. It helps save largely on the cost of developing application infrastructure, recruiting professionals, training the recruits, and deployment and pre-installation set-up costs. Most service providers use advanced technology that would fit your budget.
2. Experienced team
While some projects require a large pool of software developers others may not. In such cases, it may be difficult to hire software developers and then relieve them after completing the work as it involves a huge cost to hire, set up infrastructure, and team. Therefore, outsourcing custom healthcare software development gives you the leeway to scale up or down resources as per your project requirements.
3. Agile and scalable solutions
In-house healthcare developers are usually burdened with several other tasks which cause them to lose focus and compromise on the delivery of the app. Collaborating with a third-party agency will provide you with the flexibility of managing the resources and whenever you need them. This will also help you include scalable software developers to build an app that is more agile and consistent.
4. Quick time to market
Outsourcing the custom development task will give you access to experts from healthcare domains to develop your applications. This will ensure your app be superior,well-grained, and reach the market faster so patients can be treated faster.
5. Increased productivity
As offshore developers are qualified and talented enough to develop your app, you won’t have to burden them with briefings and preparations. This will allow you to focus on improving the critical and core healthcare services of your organization thus improving the results significantly.
Cost of outsourcing custom healthcare software development
When it comes to the healthcare industry, the average cost of an experienced developer is not cheap. That is why 59% of global companies outsource software development. While the costs vary from country to country, you will still save about 40-70% of the total costs. For example, the average hourly cost for a software developer in the US is $65–$130 per hour while the hourly cost of offshore developers in Asia and Africa is $20–45.
Why choose Fingent?
If you need custom healthcare software for your organization, Fingent is your trusted partner.
- We have a pool of experienced and skilled developers who can help you identify the right solution for your business complexities.
- Our agile methodology of development ensures client involvement at every stage so that the solution is scalable, cost-effective, as well as caters to specific client requirements.
- We offer transparent offshore development services in terms of overhead costs and recruitment fees.
In the wake of the COVID-19 pandemic, the need for custom healthcare software development cannot be denied. Our developers are not only affordable but can add much value in terms of talent and skill to your organization. Connect with our experts today!
Digital transformation was already happening across every industry, but the pandemic has accelerated the pace. Unfortunately, while many organizations have embraced the reality of rapid change, some of the companies have been slow to adopt new technologies.
Looking specifically at cloud solutions, companies that migrate some or all of their digital assets to the cloud can achieve transformational results. It is helping companies to innovate faster, modernize outdated infrastructure, get better insights from their data, scale globally, and restructure the existing business models to create better customer experiences.
Cloud migration allows easy access to data and applications from anywhere, making business functions smoother and simple to operate. This blog will help you understand why you need cloud migration now and the drivers that boost legacy cloud migration.
Why should you consider migration to the cloud?
Cloud migration can improve the performance and competitiveness of your organization. Often, system performance is poor, and maintenance costs are high. Any incompatibility with new technologies can cause problems when altering these systems as they cannot keep up to date at the same speed at which your business needs to innovate and scale. Additionally, lack of vendor support and regular updates for old systems can compromise the data security, making application migration to the cloud imperative.
Common challenges associated with cloud migration
Cloud migration can be complex and risky, and many organizations face challenges during the transition.
1. Poor strategy and planning
Many organizations migrate to the cloud without proper planning or a good strategy. For a successful cloud implementation, organizations must plan well. As every application and dataset has different requirements, they will need a different approach to cloud migration. So, enterprises must have a valid business case for every workload it migrates to the cloud.
2. Vendor lock-in
This is a common problem faced by organizations that adopt cloud technology. While cloud providers offer many services, these services sometimes cannot be extended to other cloud platforms. Many organizations that start using cloud services often find it difficult to switch providers if the existing provider does not suit their requirements.
3. Data security and compliance
Data security and compliance are major obstacles to cloud migration. Cloud services often use a shared responsibility model in which they take the responsibility of securing the infrastructure while the organization takes responsibility for security data and workloads. It means you are responsible for configuring the security measures correctly and ensuring that all services and applications have proper security controls.
4. Cost Management
Many companies don’t have clear KPIs to understand what they plan to spend or save after migration, making it difficult to know if the migration was successful from the cost point of view. Additionally, as the cloud environment is dynamic, the costs can change as new services are adopted, and application usage grows.
What are the drivers that encourage cloud migration?
1. Hassle-free digital transformation
With recent advances in cloud computing, leaders can digitize their core functionalities such as SAP, CRM, data analytics, and more. From innovating to improving productivity to unlocking new sources of revenue, the cloud provides endless opportunities to enterprises that migrate away from legacy systems.
2. Accelerate growth
Whether it is organic expansion, mergers, or acquisitions, technology is accelerating organizational growth. Organizations leveraging the cloud can integrate new acquisitions seamlessly with the existing platforms and also scale rapidly using auto-scaling functionality and flexible data management services.
3. Better Security
Data security is turning significant. By migrating to the cloud, enterprises can update their IT infrastructure according to the latest practices and protect their applications from malicious hacking attempts.
While many leaders mistakenly think that the cloud itself makes an organization secure, in reality, it empowers groups to implement governance, strict security policies, and compliance guardrails needed for their operations.
4. Improve business agility
To stay ahead of your competitors, you must be agile. It means you need to have access to flexible and on-demand IT resources. With the cloud, over 99% of resources are available on-demand. Also, enterprises don’t have to wait endlessly for any hardware component and installation. They can lease valuable capabilities from their cloud providers and get to the market faster.
5. Reduce costs
Yet another reason for businesses to migrate to the cloud is to reduce IT costs. You can easily find the right-size resources in the cloud according to your business needs and cut unnecessary costs. Also, companies can adjust capacity needs whenever the need arises and eliminate unnecessary hardware.
6. Merge data centers
With cloud computing, companies do not have to manage their own on-premises data centers. Instead, they can outsource back-end responsibilities to their cloud providers and use their resources for higher-value activities. Additionally, companies can consolidate their operations and distribute cloud services whenever needed, improving efficiency.
7. Leverage modern technologies
Migrating to the cloud allows businesses to leverage new technologies. For example, companies can take advantage of AI and machine learning which are not feasible on-premises. They can also take advantage of complex cloud-native technologies such as Kubernetes containers and data lakes easily.
To avail of the migration benefits, you must successfully move your on-premises IT infrastructure to the cloud. As a cloud expert, we help understand the challenges and help you make a smooth transition without disrupting your current operations.
At Fingent, we offer a single control plane for the performance and security products to ensure seamless legacy cloud migration. In addition, we enable easy integration with public, private, or hybrid cloud. So connect with our experts today, and know, how we can help you take your business to new heights with seamless cloud migrations.
The cloud approach is gaining immense popularity amongst businesses due to its scalability, enhanced productivity, and cost-effectiveness. According to Cisco, in 2021, over 94% of workload and computing processes will be hosted on the cloud. While many firms are already implementing and thriving with the Cloud, a few still remain to deploy this technology. This blog is a simple guide to help you understand every aspect of the Cloud, and how your business can drive success with Cloud Application Development!
- Knowing the Cloud!
- What is a ‘Cloud-based Application’?
- Benefits of a Cloud App
- Types of Cloud Application
- Key Features to Consider When Developing a Cloud Application
- Some Examples Of Cloud Application
- Developing a Cloud Application
- A Look at the Tools to Build Cloud-based Apps
- Challenges of Cloud-based Application Development
- A Few Common FAQs
Knowing the Cloud!
In simple terms, the cloud refers to software or service that is accessed over the internet. The cloud uses data centers to store data, which enables easy access of files and applications from anywhere and from any device.
For businesses, leveraging cloud technology can immensely reduce IT costs and overhead, eliminating frequent updates and maintenance of servers. Cloud computing can also simplify international operations for companies by allowing seamless access and control of files and data from anywhere. Google Drive, Dropbox, Apple iCloud, and Microsoft OneDrive are some widely used cloud services today.
What is a ‘Cloud-based Application’?
In the last decade, cloud computing has experienced a tremendous investment. By the end of 2023, the global cloud market is estimated to reach over $ 623 billion.
Typically, a cloud-based app is an Internet-run program having its components stored online with some or all of its processes carried out in the cloud. These on-demand services allow you to access computer networks, storage, or resources using the internet.
Cloud-based solutions help businesses augment capacity, scalability, and functionality while at the same time reduce maintenance and cost for computer infrastructure or in-house teams.
Common solutions provided by cloud-based applications may include;
- File storage and sharing
- Order entry,
- Inventory management
- Word processing
- Customer relationship management (CRM)
- Data collection
- Financial accounting features
Benefits of a Cloud App
The cloud is creating a huge impact on businesses. According to Gartner, over 60% of companies will majorly rely on the cloud for their operations by 2022. Of course, this means that the cloud has some huge benefits to offer for businesses. Here are a few to highlight.
1. Improved data sharing and security
The data stored in the cloud is easily and instantly available to authorized users. Since the cloud offers easy availability of data, security and privacy are often a concern. That is why the advancements in cloud technology have majorly focused on providing enhanced data security. Many cloud providers now guarantee improved data security, making the cloud the best source for secure storage. Also in case of disaster recovery is inevitable, the cloud provides a streamlined solution to restore and back up data.
2. Improved collaboration
Cloud-based apps and software enable organizations to make collaboration an easy and effective process. These applications provide easy data sharing and editing options allowing employees to work effectively on projects remotely and in real-time. Role-based access control enables better monitoring of tasks, and improves team management, especially when operating remotely. Improved collaborations can help enterprises to reduce time-to-market and enhance customer service. InfinCE is a prime example of how enterprises can use a cloud-based app to improve team collaboration. The app provides centralized management, enhanced visibility, and easy communication that drives operational efficiency and productivity.
The cloud space can be scaled up or down depending on your business needs. Cloud service providers allow you to pay per usage of the cloud infrastructure allowing you to only pay for the services you need. Most cloud providers offer seamless concierge support and regular maintenance, which in turn immensely helps reduce the stress and cost of maintenance. Moreover, there is no need to invest separately on devices to store data, as the cloud ensures safe and secured data storage. Put simply, cloud-based apps help enterprises reduce the upfront cost of the IT infrastructure and hence are a cost-effective solution.
Types of Cloud Application
To proceed with cloud application development, you will have to decide what type of app you would want to create. One way to classify the categories is about the differences in the app architecture.
SaaS – Software as a Service
SaaS serves both cloud apps as well as individuals. These apps run on third-party hardware and not on the user’s device. Also, the software is hosted remotely. A big advantage of SaaS is that you don’t have to spend on additional hardware or buy licenses for every software update.
IaaS – Infrastructure as a Service
This type of product often requires middleware and app support from the clients. The customer may have to create a custom programming bridge between the application and its operating system. However, with IaaS, one can develop a customized product without building the basic components from scratch.
PaaS – Platform as a Service
This cloud-based app development requires the application code from the customer. PaaS providers allow their customers to use their hardware and basic development software. As this software is updated constantly, developers can use only its latest version. PaaS is flexible and lets the users scale the product as per their needs. Cost efficiency and flexibility are some of the major benefits of PaaS.
Key Features to Consider When Developing a Cloud Application
The Cloud is a powerful technology, which if leveraged the right way can do wonders for your company. That is why it is imperative to be clear and sure of what benefits you need exactly to derive out of the cloud application development. Here are a few things to consider when fixing the features of your cloud application.
One of the most eminent features of the cloud is that it provides ample space for flexibility and scalability. With the cloud, one can empower safe storage of data that can be expanded as per convenience.
Most users prefer the cloud because of its storage facilities. However, its security is always a concern. When investing in cloud application development, one must highly prioritize app and data security by ensuring a code-based architecture for improved security.
Although the cloud delivers unlimited benefits, cloud hosting comes with a cost. Thus, data size optimization and condensed user requests should be the top priorities while developing a cloud platform.
To ensure you attain maximum benefits from these and the many other features of the cloud, it is imperative that you partner with developers who are highly aware and experienced with the diverse cloud platforms so that you attain software that perfectly suits your business needs. Moreover, following an agile method of development would allow you to collaborate better with your developers, programmers, designers, data architects, and QA managers for improved development efficiency. At Fingent, we ensure client participation at every stage of app development.
Some Examples of Cloud Application
Most of the apps we use today, utilize the cloud in one way or another. Cloud application development has given birth to some amazing tools and services that make operating businesses a little less stressful. Here are a few to point out!
- InfinCE: Provides streamlined and simplified IT Infrastructure, centralized management, enhanced work collaboration, access to unlimited productivity tools, all under a single platform.
- Dropbox or Google Drive: This allows you to store your files on the cloud easily and help others access them from anywhere.
- Figma: This powerful cloud-based design app is gaining popularity due to its collaborative nature.
- Miro: This provides a virtual board that enables you to work with other users in creative and fun ways.
The possibility to collaborate with users from all over the world, even in real-time is one of the biggest advantages of cloud apps.
Developing a Cloud Application
Cloud application development involves different stages, each of which matters to enable your app to hit the market. Most cloud application development teams use DevOps practices and tools such as Kubernetes to ensure an effective and successful project.
At Fingent, we analyze your business needs and custom-build apps that solve your business complexities. We can help you seamlessly transit to the cloud and efficiently deploy its benefits to achieve greater business growth and value.
A Look at the Tools to Build Cloud-based Apps
A wrong tech approach can slow down your business development, so the technological stack is of utmost importance when developing cloud-based apps. You can choose a cloud service vendor from market leaders such as;
- Amazon Web Services(AWS) – In 2019, it obtained a 32% market share and became the leading provider. AWS includes over 140 flexible and integrative services. This allows you to build almost any custom app.
- Google Cloud Platform – As a PaaS, it offers you cloud computing, API services, advanced analytics, storage, NoSQL database service, and even virtual machines. It is flexible, affordable and a great platform for start-ups.
- Microsoft Azure- Its solutions are designed for enterprises looking for scaling or having many web products. Its services may include ML modules, mobile back-end, database services, and virtual machines.
Cloud-based app structure
- Another aspect to consider when cloud application development is the data architecture. A cloud app operates as a collection of interconnected services or APIs. So, to get maximum benefits of cloud services, you will have to connect them and at the same time understand the kind of components you have while ensuring that those services are integrated.
- Next, you must consider data organization. Remember, the app architecture must instruct the cloud services about how to decouple the data. This will help you store the app components either on a public or private cloud. As a result, your business will become flexible and enable you to make your web performance better.
- You must develop a communication logic between the data and services of your app. The app components should communicate instantly. If the logic is not well-designed, the customer experience could be poor due to slow loading speed. So, optimize the communication and apply either single-channel streaming or system message grouping.
- Scaling is something you must think of in advance. Create a margin of safety for your operational channels and consider future traffic extensions. Make sure to build an operational model to help back-end components and storage server customers especially in extreme situations.
- The last issue to think about is the security algorithm. Banking, retail, or healthcare have their dedicated standards so make sure your tools meet their expectations. Make sure to check the security algorithms for any vulnerabilities of your cloud-based solutions and the encryption is strong. Also, implement a cloud identity and access management (IAM) approach, to ensure your product is secure and cost-effective.
Challenges of Cloud-based Application Development
When you decide to opt for a cloud-based software solution you should figure whether your company can be a cloud provider (SaaS, IaaS, or PaaS) or build an app based on third-party cloud solutions.
If you decide to be the cloud provider, you will have to think of issues such as the data processing logic, hardware, and service security as you will have to host your service and provide the users with a cloud network. If you decide to develop your app on a third-party cloud, you will have to consider the integration and so you will have to choose your provider carefully.
Here are a few challenges that you may come across during cloud application development.
- Reliability: Your cloud software design includes critical operations that need to work if you want your customers to benefit from the solution. Avoid using a cloud framework that cannot maintain important processes. You can consider backup data and operations with a private cloud.
- Scalability: You must ensure to provide a scalable solution with the service you have chosen. If a product can’t be scaled or it falls over due to sudden traffic surges or you are unable to deliver services to a large audience regularly, you are bound to lose potential profits to your business.
- Performance: More data centers mean the better your app will perform. Global providers place their servers in such a way that users can experience the same page loading speed from any location. If the number of servers is less or the custom UI needs more than three seconds to load, the app customer experience is likely to be poor. More loading time means less conversion. The app loading speed is defined by a Content Distribution Network(CDN) which is a part of the cloud app infrastructure.
- Interoperability: The cloud environment should be able to run your app on different devices and integrate other cloud services into your infrastructure. However, as all cloud systems do not communicate with each other, you may not have a chance to mix components from different services.
- Security: Security especially client-side along with storage protection will remain challenging for developers. Security is the biggest challenge when it comes to adopting cloud computing. Cloud apps may include API integrations. These apps also must be easily accessible for users. To raise the security level of your cloud-based app, you will have to leverage strong data encryption, SSL, and reverse proxy.
A Few Common FAQs
1. What are cloud-based technologies?
These technologies are applications, services, or resources that are made available to users on-demand via the internet from cloud computing providers’ servers.
2. How do cloud applications work?
To process logic, a cloud-based app relies on remote servers. This is accessed through a web browser using the internet.
3. What are the different types of cloud computing?
There are three types of cloud computing; public cloud, private cloud, and hybrid cloud.
4. What are the different types of cloud services?
Cloud services are of four types – serverless, infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).
5. What is the difference between a web application and a cloud application?
A web-based application requires some or all the software to be downloaded from the web every time it is run. On the other hand, a cloud-based application function within the cloud and is similar to a web-based application as well as a native desktop application.
From cost reduction and scaling opportunities to higher accessibility of the final product. Cloud application development offers a host of benefits to businesses. However, cloud application development has its own set of complexities if not carried out the right way. A custom software development partner plus a trusted cloud service provider like Fingent can help you seamlessly transit to the cloud with 24/7 concierge support and consultation. Get in touch with us today to discuss your project!