Top Technologies Used to Develop Mobile App
Manufacturing has long been a driver of global prosperity and economic growth. We all see astounding growth as the manufacturing industry evolves and keeps up with changing consumer needs.
This has led industry leaders to shift their focus from traditional to smart factory technology. A smart factory offers many benefits to operators, managers, and executives of companies in this industry. And yet, a few companies hesitate to start their journey the ‘smart way.’ If you are one of those companies, this article will help you with details and show you how a smart factory can bring its business operations and customer satisfaction to a new level.
Let us begin by understanding what a smart factory is.
Take a manufacturing facility and completely digitize it – that is what a smart factory is. The smart factory is a digitized manufacturing facility that uses digitized manufacturing methods, devices, and systems to continuously collect and share data. This data is used to make informed decisions that improve processes and address manufacturing challenges. The smart factory is a new industrial revolution phase focusing on real-time data, connectivity, automation, and Machine Language.
A smart factory uses the best digital and physical worlds to monitor the entire production line, from supply chain management to manufacturing tools. It can even monitor the work of an individual operator on the factory floor.
According to a press release by Marketsandmarket, the smart manufacturing market was projected to reach USD 228.2 billion by 2027. It is expected to grow at a CAGR of 18.5% from 2022 to 2027. Then, most businesses consider smart factories highly beneficial and crucial across industries and sectors. Here are some of those significant benefits:
There are a few elements that make the smart factory what it is. Understanding these elements will help you see how it fits into your business.
Robotics is a crucial element of a smart factory. Robotics enables smart material handling and adaptive operations. Besides, robots come with flexible infrastructure that can scale depending on business needs.
The Smart factory provides augmented access to large amounts of data obtained through the cloud and connected devices. This can empower manufacturers to identify patterns and insights, thus enabling them to make more informed decisions to optimize operations and improve productivity in the long run.
Cloud-based management includes a suite of professional software architecture that can be developed to empower highly efficient business operations. This can offer market reactivity and scalability. It can also provide real-time visibility into a business’s inventory and manage supply chain operations from the manufacturing to the end customer.
Manufacturers have been using virtual reality for some time now. It uses computer-generated visuals that help improve the experience of the user. It trains engineers to handle complex virtual processes, maintenance systems, and troubleshooting.
Smart factories tend to increase cyber security threats. Thankfully, smart factory technologies are equipped to streamline cyber threats. For example, AI-powered bots act as guards 24/7, ensuring data security.
Additive manufacturing is used for rapid prototyping, on-site manufacturing, and more. It saves time and costs spent on production and tool replacements. Quick reproduction, reconfiguration, and validation can also enable reverse engineering.
Read more: ERP Systems for Manufacturing: How it Improves Business Process
Manufacturers that leverage smart factory technologies will unlock game-changing flexibility and agility. Emerging imperatives for the manufacturing industry include supply chain resilience, enhanced productivity, flexibility, and sustainability. In simple terms, only those manufacturing systems that enable a demand-driven and dynamically optimized value chain will survive and thrive.
In the coming years, factories will face more stringent regulatory and compliance requirements ever. Such demands also merge with global trends toward adopting digitization. Given their ability to drive exponential productivity and sustainability benefits, digital technologies are at the heart of these changes.
Across the world, manufacturers began their digital transformation with automation to minimize manual operations and maximize output. But technological advances are enabling manufacturers to empower operators to understand operational data. Furthermore, newer platforms and integration technologies are driving down the cost of digital transformation.
By implementing an integrated automation system, manufacturers can accelerate their sustainable manufacturing vision. Driven by the unrelenting need for agility and resilience, manufacturers can empower their workforce by adopting smart factories. By building future smart factories, they can unlock value benefits for all stakeholders along the way.
A smart factory is a direct way for manufacturers to excel in a competitive and dynamic marketplace. Partnering with the right app development company could mean make or break for you. Manufacturers need the right partner to help them implement solutions correctly. Fingent has been a consulting partner to several manufacturing companies and proved its mettle. Have a look at our Case Studies:
With the right partner, upgrading a traditional factory to a smart factory is much simpler than most imagine. Fingent builds custom solutions to integrate factories with smart solutions. Through our experience, we have already helped many businesses transform their traditional factories into smart factories.
Our experts at Fingent can help retrofit most existing manufacturing equipment and set up a centralized hub that can receive data from all the sensors. A cloud service could be set up to monitor and analyze from offsite. What is more, these solutions are upgradeable.
This allows established factories to upgrade at their own pace while keeping the upgrade cost low. Do you have a traditional factory that needs to become smart? Contact Fingent today!
The ongoing digital revolution is forever reshaping how businesses interact with their customers.
Modern technologies such as artificial intelligence, chatbots, machine learning software, and other solutions have allowed businesses to break away from traditional phone-based support models in favor of an omnichannel approach.
Countless businesses now allow customers to connect with support agents across multiple mediums, such as email, messenger applications, SMS, and on-site chat apps. However, far too many are still neglecting a core component of the service experience — self-service.
Whether your organization operates within the business-to-consumer (B2C) space or the business-to-business (B2B) space, you must offer customers self-service
options. We explore the role that self-service plays in the modern support experience.
When businesses understand the benefits of offering self-service, which technologies enable them to provide this type of support, and how to leverage ambitious custom software development services, it is easy to transform the high-value customer support vision into a reality.
Read more: Why Your Business Needs a Customized Order Management System
Consumer expectations are evolving as technology becomes increasingly ingrained in our daily lives. Smartphones allow consumers to access virtually limitless information on a whim.
When most individuals encounter a problem or want to acquire new information, they typically break out their smartphones, conduct a quick internet search, and select the most relevant results.
“How does this apply to customer service?” you ask. Simply, consumers have become much more self-reliant when encountering an issue with a product or service. The majority of your customers would much rather troubleshoot a product independently without having to
connect with a service agent. It’s also true when they want to purchase products or services.
Therefore, your organization must offer self-service support options if you want to meet the expectations of current consumers. By doing so, you can mitigate consumer frustration, expedite the resolution process, and demonstrate that your company is responsive to the needs and wants of your target audience.
That said, creating a self-service experience on your website can be a challenging and tedious process. That is why many companies turn to experienced digital transformation companies when they need a custom technology solution.
When businesses partner with a software development team to provide custom services, a broad range of technologies is available that provide clients with a competitive advantage. Some of these technologies include:
Artificial Intelligence technologies are essential for creating dynamic self-service experiences. Without these technologies, self-service tools would be rigid and provide minimal assistance to your clients. Fortunately, AI allows developers to create innovative solutions unlike any off-the-shelf option.
When used in conjunction with AI, machine learning software offers an immersive self-service experience. Over time, machine learning technologies can provide curated assistance based on past interactions with customers.
While chatbot technology is often used for lead generation, it can also be deployed to enhance the self-service experience. For instance, a consumer could provide information about their problem to a chatbot, and the program could connect them with resources to resolve the issue.
This approach will prevent the consumer from searching through your support page or reading your entire FAQs section to find the necessary information.
Read more: Prepare for the Future of Digital Innovation with these 10 Services From Fingent!
Self-service is rapidly becoming one of the most popular methods of customer support, and for a good reason. Reliable self-service enhances great customer experience in several distinct ways.
If service tools handled even 20% of your customer support requests, then your staff would experience a significant decrease in their daily workload. Naturally, a lighter workload would improve morale and employee retention. Ultimately, this will reduce your hiring and recruiting costs.
In addition, reducing the workload on your staff directly impacts the quality of service they can provide your customers. Your team will have more time to devote to your customers because they will not be in a rush to handle the next service call.
They feel empowered when you provide customers and clients with user-friendly self-service options. They are no longer at the mercy of your support staff and can freely take matters into their own hands to resolve frustrating product issues.
Self-service can also minimize any product issue’s negative impact on brand loyalty. If a consumer experience only minor inconveniences when a problem occurs, they will be more willing to continue doing business with your company.
Performing support tasks manually is labor-intensive and time-consuming. As a result, you must maintain a fully-staffed support center to handle incoming customer service requests. The overhead associated with this can be excessive.
While self-service solutions will not eliminate the need to employ support staff, you can reduce the size of your support department. Each team member can work more efficiently and focus on handling complex product issues. Self-service will address the majority of minor problems.
Few things negatively impact a customer’s brand perception than excessive hold times. By partnering with software development experts to deploy self-service solutions, you can significantly reduce wait times and expedite support delivery to your clients.
This approach will boost customer satisfaction and optimize the average lifetime value of each client.
When you partner with an innovative team of cloud-native software development professionals, you can expect cutting-edge solutions that leverage the latest self-service technologies.
In addition to custom software development services, your partner should offer business technology consulting. With proper consultation, you can refine your vision with timely advice that will improve your approach, incorporate more suitable technology, or align with your budgetary constraints.
If you would like to work with a passionate software development company dedicated to helping you shatter growth barriers with dynamic tech, let’s chat today.
The strategic significance of advanced technologies as a critical business component is recognized by enterprises like never before. Besides business modernization and cost reduction, advanced technologies allow you to compensate for labor shortages, improve brand value and competency, and expedite research and innovation processes. However, several companies jump onto the bandwagon without properly understanding the practical applications and benefits of advanced technology in their business. Only 23% of small and medium-sized enterprises (SMEs) worldwide can invest in and grow with new digital tools, indicates the World Economic Forum. This data proves why companies should analyze advanced business technology examples before adopting digital tools.
Read more: Using technology to build customer trust: Your business plan for 2022
To simplify your understanding, here’s a quick rundown of five advanced business technologies we believe will help you cope with the new business and economic environment.
As these business technologies become more affordable and handy, businesses are ardently pursuing them to automate customer service, streamline workflows, differentiate products and services, and reach new markets. Depending on your budget, implementation timeline, priorities, and unique business requirements, our team at Fingent helps you build the roadmap for technology adoption.
Let’s take a closer look at the five inevitable technologies for business transformation today:
Read more: How to gain maximum value from your technology investments?
Workflow management is a highly overlooked enterprise strategy that directly impacts productivity. Managing different stakeholders, heaps of confidential data, and a series of preset and conditional tasks manually can lead to several errors such as employees missing key steps, policy violations, compliance issues, and monetary losses. By taking your workflows online, cloud-based workflow management applications increase your productivity.
Cloud-powered workflows or workflow management tools:
Example of a Cloud-based Workflow Tool
Finding a cloud workflow management tool that can be customized to your company’s requirements is daunting. The platform should integrate well with your organizational processes without disrupting your existing workflow. This is where digital workplace applications like InfinCE make the difference.
With InfinCE Digital Workplace, Fingent has improved its productivity by 20% through real-time, effective, and easy collaboration. Data-powered dashboards, dedicated servers, collaboration apps, productivity tools, virtual desktops, private mobile apps, and a host of exceptional business management features enabled us to achieve a significant operational breakthrough in streamlining workflows.
Read the full case study here.
Gartner estimates that by 2025, 70% of enterprise applications will use low-code or no-code technologies. Digital business transformation requires pushing custom software solutions to the market at lightning speed. This demand has given rise to low-code applications that will break the technological and organizational silos of application development, automation, integration, and governance. Low-code development enables business users to bring innovative ideas to life by just dragging and dropping low-code elements through a graphical user interface.
In simple words, low-code development enables “citizen” developers or non-tech users (such as business analysts or marketers) to build dashboards and survey or contact forms faster. Professional developers, on the other hand, can leverage low-code techniques to perform more efficient tasks such as legacy application modernization or back-end integrations with improved agility and velocity.
Use Cases for Low-code Applications
Salesforce Lightning, Microsoft Power Apps, and Zoho Creator are some of the leading low-code applications today. SAP users can leverage the unified low-code/no-code (LCNC) solutions on SAP Business Technology Platform (BTP) to rapidly build and extend applications, and automate tasks and processes.
Robotic Process Automation (RPA), often referred to as software robotics, is an easy-to-use software technology that allows anyone to automate digital tasks within their business processes. RPA allows users to create software robots or “bots” that can learn, emulate, and then execute rules-based business processes. According to Forrester Research, RPA software revenue is expected to reach $6.5 billion by 2025, while RPA-related services revenue could hit $16 billion in the same year.
Potential Use Cases for RPA
We offer free proof of concepts to help you understand how RPA can improve your business efficiency and customer experience. Some of our top use cases include:
Download our white paper to learn more about how Robotic Process Automation can simplify your business operations
Extracting quality data out of unstructured or poorly structured data sources and documents for further processing, migration, and storing has been a biggest obstacle in automating back office operations. If you are entering structured invoices to a robust ERP tool like SAP, your payments can be automated and system records can be generated automatically. Due to the high costs of data extraction, several businesses extract only critical information fields, for example, the payment field within an invoice. Businesses are compelled to manually extract data from other important fields, such as validating the invoice’s compliance with VAT.
AI-integrated OCR Software for Document Extraction
Optical Character Recognition (OCR) is an affordable, game-changing technology that automatically extracts data from the digital images (photos) of large files, scanned documents, and sub-titles or captions superimposed on an image. It reduces the time spent in manual data entry and extraction by automatically converting typed, handwritten or printed text into machine-readable text. AI-powered automated data extraction tools like DocuSign, Docsumo, Kofax Capture, and Amazon Textract leverage OCR technology to reduce the chaos involved in document data extraction and enable businesses to create an efficient workplace.
Our team helps customize document data extraction software that can save your time and money by eliminating transcription and transposing mistakes.
One of the most common examples of small business automation today is the use of AI-powered virtual assistants. They can save your employees’ productivity by automating the most repeatable customer interactions, such as technical support, appointment scheduling, lead qualification, and order management. AI virtual assistants like Google Assistant and Alexa can understand and act according to your voice commands and customize responses to your queries. Understanding customer intent through natural language processing and recognition allows AI assistants to maintain a human-like conversation.
Chatbots are a popular category of AI assistants that are designed specifically for text-based channels like SMS, email, and live chat. Recent years have witnessed a rise in chatbot adoption among several business verticals, product and service lines, websites, mobile apps, customer portals, and so on. Data shows that 58% of B2B companies and 42% of B2C websites are using chatbots to make their websites and mobile apps more interactive. More than 56% of businesses believe chatbots to be driving digital disruption in their industry.
Case Study: AI Virtual Assistant for HR
Fingent’s HR team was pressed to transform their service delivery model as routine, transactional tasks affected their performance and efficiency. To solve their struggle, Fingent developed MUSA, an AI-powered virtual assistant (a chatbot) and integrated it with Fingent Hub, Fingent’s internal employee management system. MUSA is short for Multi Utility Assistant. Employees can ask MUSA any queries related to HR and IT DevOps processes at Fingent, and they’ll get answered instantly. MUSA has improved our HR team’s response time by minimizing their workload and allowing them to focus on areas requiring more attention.
Read the full case study here.
Gartner writes that businesses leading with technology employ advanced tech to boost their customer experience and revenue growth, have a clear understanding of their priorities, goals, and strategies, and invest in solutions tailored to their needs. Technology allows businesses to lower the walls within and between their organizations, customers, providers, suppliers, and so on. Organizations perceiving technology as a key business consideration will be able to match the pace of business change and stay relevant and competitive.
How can your company embrace growth in a new era of transformation and business technology trends? If you feel you’re getting caught in the technology maze, take a quick break to contact us.
Our consultants can simplify your technology adoption strategy based on your priorities, customer needs, financial resources, and technical requirements.
It apparently took 20,000 to 30,000 men to lay 2.3 million blocks to build the pyramid of Cheops, and it would have taken approximately 20 years to complete if the stones were laid at the rate of one every two minutes. Manual labor – tedious and time-consuming! Thanks to Robotic Process Automation (RPA) technology, most businesses can now be liberated from arduous work and improve their business process to gain increased profit.
Robotic Process Automation technology is bolstering businesses across industries. Software robots do repetitive and lower-value work and advanced robots can even perform cognitive tasks like interpreting the text, understanding unstructured data, and plying advanced ML models to make complex decisions.
Are you a business leader considering whether to move to RPA or not move to RPA? This blog can clarify any doubts you may have about RPA.
But what exactly is RPA?
Robotic Process Automation is a software technology that is capable of imitating human actions while interacting with digital systems and software. Like us, it can understand what is on the screen and perform a wide range of defined actions. The only difference between us and RPA is that software robots can accomplish tasks faster and more consistently than we can ever do. Plus, they don’t need to stretch or go for a coffee break.
Robotic Process Automation is a clear and viable way to maximize efficiency, reduce costs, and enhance productivity. Though RPA is fairly new, it is gaining rapid traction across industries. Businesses are turning to RPA to minimize human effort.
According to a Deloitte RPA survey, 53% of respondents have begun their RPA journey by 2020, and this is expected to increase to 72% in the next couple of years. Why are so many companies adopting RPA? Here are a few reasons:
RPA is a user-friendly and cost-effective tool. The advantages it can provide are drawing interest from organizations from various sectors globally. Here are some business benefits for your consideration:
Read more: Is It the Right Time for Your Business to Invest in Robotic Processing Automation?
Now that you know why your business needs Robotic Process Automation, would you like to know what some potential areas of your business that can effectively implement RPA are?
Here are some sectors that use Robotic Process Automation effectively:
1. Report Generation: Report generation is a time-consuming and tedious task as data must be collected from multiple sources and collated accurately. RPA takes care of this task allowing employees to directly get to drawing actionable insights from the collated information.
2. Customer Service: RPA can be set up to quickly handle the first two or three customer interactions before reaching a human executive.
3. Accounting: RPA helps increase the speed of accounting, such as on-time invoicing and quicker fund release. You can fine-tune it to ask the vendor for relevant documents in case of any complexity.
4. Fraud detection: RPA enables banks to detect any anomalies in transactions and flag them against a fraudulent customer. It can reduce the time taken for fraud detection and investigation.
5. Data exchange: Data exchange is often time-consuming and error-prone. RPA can maximize productivity by reducing transaction times from hours to minutes. It can also minimize errors and maintain clean and organized data for business compliance results.
6. Reduce cost and manual labor: RPA limits your labor expenses and increases productivity. This contributes to consistent work. It also reduces errors at work, which prevents time wasted on correcting errors and redoing the work. Thus, it is more cost-effective while minimizing manual labor.
Read more: Deploying RPA for Finance, Healthcare & IT Operations
Once you have your strategy in place, consider these points in choosing the right RPA partner:
Read more: Robotic Process Automation: Choosing The Right Solution For Your Business
Given the apparent advantages of Robotic Process Automation is one of the best tools to adopt in the current business world. However, selecting the right RPA partner can be a demanding process. Do your due diligence, speak with our experts and see what exactly you need to be looking for and if we are a good fit for you.
Once implemented, you can be confident that your business will benefit from better results and improved efficiency, which translates into higher revenues.
Businesses are unique, like fingerprints! Their external and internal processes make them unique even in their sector. This makes it important to work on customizable solutions. After all, why would a customer come to you if you offer the same products and solutions as others? An end-to-end custom software solution will help you deliver unique customer experiences so that they are drawn to your business over other market leaders. Now is the time to take steps to start investing in end-to-end custom software that can offer you a competitive edge.
Whether to gain greater connectivity for IoT devices or to develop your own software, there is a horde of reasons why buyers and sellers gravitate toward end-to-end custom software solutions. Here is what you must know about end-to-end software and the impact it can have on your business growth and scalability.
As the name suggests, an end-to-end custom software solution is a tool that has all the features necessary to execute the workflow from the very first step to the last one. This solution allows you to use an entire range of tools that you need to support and grow your business without using any third-party platforms.
Read more: Custom software development weighed against pre-packaged commercial software
End-to-end custom software solution serves specific needs and day-to-day requirements of your business. More importantly, it can automate your organization’s manual tasks and business activities. Being flexible to your business needs, these custom solutions can be more productive and have a positive influence on your business. It is easy to work with it. And it can even suggest which professionals could execute a task if the operating person leaves.
Here is when you must invest in an end-to-end custom software solution:
If so, an end-to-end custom software solution makes connecting different functionalities effortlessly. Even other software systems can operate in sync through an end-to-end custom software solution.
The end-to-end custom software solution is an excellent resource for performing automation with utmost ease.
For business productivity, you need streamlined and effective methods. And that is exactly what end-to-end custom software solutions can help you generate. Also, it can aid the structured collection and storage of all data.
An end-to-end custom technology can optimize business services by saving time and effort. Besides, since it supports the business processes, you will ensure to satisfy your clients and earn their loyalty.
Most custom software comes with templates that allow you to customize the entire process, from start to finish. This solution enables email automation, marketing automation, and content management. These elements enable workforce productivity.
Since end-to-end technology works for multiple stakeholders, you will be able to keep tabs on income sources. This improves your brand identity.
Read more: 5 reasons why custom software development is important to your business
All businesses across various industries can truly benefit from end-to-end custom software solutions. Here are the top 6 benefits for your consideration:
Custom software provides an all-in-one cloud-based system that can correspond with your business goals, operations, and users. This system can unify hundreds of various processes into one concise format. This all-in-one tool allows you to streamline the payment process, optimize sales, and enhance logistics. It also allows you to monitor daily operations and take care of accounting. Above all, it smoothens the onboarding process.
Transferring data from one source or tool to another is time consuming and tedious task. Implementing an end-to-end custom software solution smooths the data flow and enables easier and faster data migration from one source to another. This way, you have a complete overview of your prominent KPIs, metrics, and more within one platform.
One of the most important benefits of investing in an end-to-end custom software solution is its cost-effectiveness. You will have to overpay if you have multiple systems from multiple vendors. Though the initial cost of off-the-shelf may seem lower, you are expected to take care of licenses, support packages, and other expenses that increase your initial cost.
Investing in end-to-end custom technology will cut your expenses significantly. On the flip side, you will also save money because of reduced errors, enhanced communication, improved productivity, and a simplified onboarding process.
Dealing with several vendors can lead to confusion. However, working with one vendor can help you optimize and automate your business. A custom solution can enhance overall efficiency and productivity. Minimized errors, improved security, optimized performance, and more lead to increased efficiency.
In business, change is inevitable. Changing an off-the-shelf software can be too expensive as you will have to buy additional licensing and add-on packages. With end-to-end custom technology, the developers can build it to scale as needed. This will allow you to keep up with the changing workflows, tasks, and integrations.
Additionally, custom software technology allows you to easily add new technologies and solutions, thus helping you stay on top of the latest innovations. Such a solution can bring your ideas to life and meet your specific business goals and requirements.
Off-the-shelf software is publicly available, and every other business uses it. How can using the same software will help you stand apart? Using the same software is like using a uniform; you cannot see the difference. To stay above the competition, you need an end-to-end custom software solution with unique features and functions configured solely for your business.
Watch more: How your business can stay Compliant, Smart, and Reliant with Custom Software!
An end-to-end custom software solution will cover your basic business needs and empower your company to accomplish more. An end-to-end custom software solution is an investment rather than an expense. Fingent has worked with many leading businesses to create innovative and cost -effective custom software solutions that gained leverage and a competitive edge. We can help you too take your business to new heights! Give us a call, and let’s get started!
Custom software tackles the specific needs of users more comprehensively than traditional off-the-shelf packages. Efficiency, scalability, lower integration cost, uniquely tailored features, functions, profitability, and independence are a few of its major benefits. In simple words, custom software creates a more customer-centric approach to your business, which translates to more business.
Globalization has pressured companies to take bold steps in expanding their horizon and potential. The rapid increase in market trends, technological innovations, and increasing competitor growth has changed and raised customer expectations. Deploying custom software development solutions in your business can be a strong weapon in this vicious battle. This blog will show you why and also help you see if this might be the right time to implement it for your business.
Evolving times have made it necessary for businesses worldwide to step up to the challenge of being bold, unique, and versatile. “Be different or be forgotten” has never before been more relevant than today. Custom software gives you the tools you need to satisfy your customers.
Here are some more reasons why custom software development is the current need for businesses on a global scale:
Security nowadays is a prime preference provided by most companies. Getting hacked by cyberpunks is a nasty affair that not only compromises your company’s data and security but also ruins the reputation of your business. Compared to commercial off-the-shelf (COTS) Software, customized business software is better in terms of security and competence in saving data.
Mobile app formulating corporations exemplify this feature by merging features like two-way authentication and data encryption.
Custom Software is purpose-built to support unique operations and workflows promptly and productively. It refines the workflow by removing unnecessary factors and automating monotonous and tedious manual jobs. This way, it fulfills the fundamental goal of improving your company’s and its employees’ operational efficiency and productivity.
Since customized software is created based on the unique needs of a business, it can easily be modified and embellished depending on the growing needs and requirements of the company. Scalability is one of the greatest significant advantages of custom software. It allows you to construct relatable software based on your business requirements. It can also cut costs associated with purchasing extra licenses and subscriptions to commercial software.
COTS software generally fails to work with existing and legacy applications. Businesses must invest further to ensure the software works well with their existing infrastructure. On the contrary, custom software can be built to adapt easily to an organization’s needs and integrate with any environment. Custom cloud software development goes one step further and enables you to build cloud-native applications at a much lesser cost.
Read more: Know What’s Driving Custom Software Development Cost This 2022!
Deploying custom software means freedom from the clutches of a commercial software vendor. You can avoid incessant price hikes for licensing and support. You will also remain unaffected when packaged software goes out of business, or a vendor terminates a product. With custom-developed software, you are in charge of creating and maintaining the software, which means you can update and modify it as regularly as you need.
These are just a few reasons for the increasing need for custom software solutions. It can effectively meet the demands of businesses irrespective of the company’s size. Technically progressive solutions can give you a stepping stone over opponents.
Using custom applications reports a 77% reduction in manual data entry! Learn more about why choosing custom software works over commercial off-the-shelf solutions. Scroll through our Infographic now!
Now that you know the benefits of custom software, the question is: do you need to implement it right now, or can you put it off for a while? Here is a checklist of symptoms. If you tick any of these boxes, it might just be time to get that ball rolling on a custom software solution:
Are your employees struggling with mundane manual work? Is it resulting in delays, lower productivity, and errors?
Custom business software developed according to your requirements will empower your business to tackle these challenges by providing an all-in-one environment for employees to plan and execute the workflow, communicate effortlessly, and procure data anytime. By enabling automation and AI in the software, you will be able to eliminate the element of human error and conserve your human resources for more focused tasks.
Do you often struggle to access and track crucial data? Does it take ages to make sense of the data and put it to good use? Are you struggling with the threat of data leaks?
Data is probably the essential asset of any business. It is usually challenging to store, analyze and track crucial information, and keep the data secure from theft to maintain the data integrity in your industry.
A custom software solution can be built to include Business Intelligence (BI) solutions that can help you convert data into actionable insights. This will help you make intelligent data-driven decisions for your business. You can also customize security layers for your software to address the particular security risks associated with your business.
Have you been receiving more customer complaints lately? Are they dissatisfied with their interaction with your business?
Nobody knows your customers as you do. Integrating this knowledge into your software can be priceless in ensuring customer satisfaction. Custom software allows you to do just that. You can work with your developers to integrate insights from your customer base and market analysis and provide features that your customers will be happy with, which can lead to a seamless customer experience.
Is your business expanding? Do you need to grow technologically?
Expansion and development are two constants in a business owner’s mind. Whether your business is expanding in terms of location, the number of employees, or customers, you unquestionably need to grow technologically.
You don’t want to add technological issues to the chaos of a quickly expanding business. Looking for new software solutions every time a component of your business grows will be a real challenge. With custom software, you can easily build on the existing software and add features as you scale.
Read more: Choosing the Right Software Development Vendor
As you can see, custom software can play an integral part in the operation and success of your business by improving productivity and increasing efficiency. It is an excellent investment in time-saving, cost-effectiveness, and risk reduction.
The first step is hiring a professional technical team to help you develop custom software. Fingent, a leading custom software development company, excels in crafting tailored software solutions for clients, perfectly aligned with their unique requirements. We can help you too.
Give us a call, and let’s discuss your requirements.
The onset of globalization has encouraged business operations on an international scale. It offers companies the opportunity to reach new customers in new markets. Exposure to unknown markets and sometimes even known markets can expose businesses to greater competition and greater risk. However, efficient management of the supply chain can do away with many of these risks and put you on the path to success.
The challenges in the supply chain can include being unsure of the reliability of your suppliers, and their quality, cost, lead time, lot size, and more. Your business will surely profit if you had a way to monitor your supplies and the risks to your business.
Yes, clear visibility is crucial.
This is where custom software can benefit your business!
Custom software equips you with a way to collect, organize, and monitor the supplier-related information that is most meaningful to your business. This blog discusses which functions of the supply chain can be better managed with custom software and also talks about the benefits this can bring to your business.
Efficient management of the supply chain depends primarily on data gathered at each stage of the supply chain process. The success of the business hinges on the way companies use those insights to make decisions that optimize demand, supply, inventory, and deliveries.
That is why custom software is essential to managing the supply chain. Custom software can enable organizations to make better use of their data as it gives structure to the information already in their possession.
Through the use of custom software solutions, companies can identify faults in their supply chain process. Such visibility can help them make better inventory decisions or inform their customers of the shipping status for their confirmed orders.
Essentially, custom software is instrumental in improving business operations and relationships with both customers and suppliers.
Read more: Build or Buy Logistic Software: An End To The Prolonged Discussion
Every business is unique in its functions. A software can address the specific company challenges only when customized and tailor-built after crucially analyzing the workflows and industry pain points. Here are a few to look into.
Knowing exactly where your item is at any given time is important for all businesses as it allows you to sell the item before it even reaches your warehouse. Custom software can help you sell this way because it can pinpoint the exact location of your item and the time that it will reach your warehouse.
This will allow you to provide a guarantee to your customer that he will receive the product he purchased. Streamlining the supply chain will help achieve faster response times and increase customer loyalty.
With the help of custom software, you can sell your item while it is on the move or as it is in the making. It can help you estimate how many items you must produce, eliminating excessive production.
You can keep a good relationship with your suppliers with custom software. Real-time data will allow you to know if you are running out of stock or if your tools and equipment need repair or replacement. This data will help you contact your suppliers immediately and thus minimize any potential delays.
You will also have details such as account receivables and other information at your fingertips when dealing with your suppliers. This will ensure that you are up to date with payments and discounts. As a result, you notice that your communication and cooperation with dealers and vendors improve considerably.
Custom software will create highly streamlined processes for supply chain management, especially for businesses that operate from different locations across the globe.
Fully customized software enables companies to accumulate all business data in one centralized location. Employees greatly benefit from this as they can now gain access to the latest versions of data, even if they are accessing it from multiple locations or branches.
Bottlenecks in the supply chain are a direct result of the ineffective system in place that does not allow teams in different locations to communicate and align statuses to fulfill overall objectives. Companies that experience such bottlenecks miss opportunities and lose customers because they are unable to provide what their customers want.
An unsatisfied customer walks out on you and straight into the open arms of your competition. If you are beginning to notice lower satisfaction rates, numerous complaints, or bad reviews from the customers, it is time to explore custom software that can give you a business-targeted approach to customer experience.
When a business looks to meet or exceed customer demands, they have to rely heavily on its supply chain. Internal bottlenecks can slow down the entire process and risk order fulfillment. To prevent such bottlenecks, a business must understand what causes them and how to prevent them.
Custom software can help a business identify such bottlenecks and thus help efficiently manage the supply chain.
Read more: Custom Fleet Management Software in Supply Chain
It is clear that custom software comes with many benefits. It is also obvious that it saves money with time. While off-the-shelf software may come with a lower initial cost, investing in custom software will give more benefits to the supply chain management cycle. It improves sales functions and boosts productivity.
Custom software that is fully optimized to the supply chain will improve business function in a way no off-the-shelf software can. Fully optimizing the supply chain process can be lean and seamless through the use of custom software. If the business growth process is left unchecked by the off-the-shelf software solutions it can become highly chaotic. Custom software gives companies a higher level of control over all supply chain operations while taking control over the growth process.
A company that is digitally driven by custom software automatically enables a more proactive and open business. If this is what you want for your business, give us a call.
Our experts at Fingent thrive on creating custom solutions for our clients. They will be happy to talk through the game plan with you and show you how your business can excel with custom software for your supply chain.
There couldn’t be any better empirical evidence than COVID-19 to prove the transformational impact of AI on healthcare. Had AI not been there, it would be unviable to develop and distribute vaccines at record speed, empower public health officials and front-line workers, support equipment manufacturers, take critical life-saving actions, and respond to these abnormal times.
Leading pharmaceutical company Moderna relied on automated processes and AI algorithms to rapidly bring out their covid vaccine nominee for its first clinical trial. From an anticipated 15% chance of success, AI helped the pharmaceutical company lift their success rate to a whopping 50%, placing the vaccine efficacy levels close to 94.5%. AI’s role in healthcare isn’t limited to pharmaceuticals alone.
In this piece, we’ll see what AI holds in store for healthcare now and in the coming years.
Read more: AI in Medicine – Yesterday, Today, and Tomorrow
Over these years, AI has brought more sophistication into what humans do, particularly in segments like healthcare. Here’re a few AI healthcare transformations currently underway:
AI and the Internet of Medical Things (IoMT) have helped launch several consumer health applications and self-health monitoring devices such as wireless-enabled wearables, activity trackers, pedometers, smartwatches, and other physical fitness monitoring gadgets. These healthcare technology applications encourage people to take proactive measures for maintaining a healthy lifestyle and allow consumers to be in control of their health and well-being. Similarly, healthcare professionals can rely on AI to better understand what their patients need. With insightful patient data, caregivers can provide the necessary guidance and support, thereby enabling people to stay healthy.
Read more: 5 Healthcare Digitalization Trends Crucial in 2022 and Beyond
It’s well established that the early detection, screening, and treatment of cancer can improve outcomes. American Cancer Society is successfully using cloud ML engine on Google Cloud Platform to analyze breast cancer images with 12x improved speed. Advanced deep learning models are being used to detect Diabetic Retinopathy (DR) during the early and asymptomatic stages. This helps save diabetic patients from the daunting issue of irreversible blindness caused by lesions on the retina. The proliferation of consumer wearables and self-health monitoring devices, combined with AI allows doctors and caregivers to detect potentially life-threatening ailments at more treatable stages.
The market value of global AI in medical diagnostics is estimated to be worth $3988.0 million by 2026. Leading AI platforms such as IBM Watson Health and Google DeepMind Health enable a large number of healthcare organizations to unlock massive amounts of clinical data to boost medical diagnosis.
Combining machine learning and neuroscience, AI helps build powerful neural networks that are capable of imitating human abilities. Watson can review and store huge volumes of medical data scattered across journals, seminars, conferences, treatment case studies, and umpteen other sources. AI’s ability to ingest enormous amounts of data, decipher images, and discover hidden patterns escaping even the most-canny human eye are expected to significantly transform healthcare in the near future.
Read more: Deploying Digital Twins in Healthcare
In the past, clinical decision support systems (CDSS) were fed by inaccurate datasets that led healthcare professionals to make flawed assumptions. Diagnostic errors are one of the top reasons behind higher mortality rates and prolonged hospital stays. Thanks to AI, ML, and the growing volumes of real-time clinical data gathered from numerous healthcare apps and devices. Clinical decision-making is now more precise and efficient with the emergence of AI-powered CDSS.
Sepsis Watch, a deep learning tool installed in the emergency department of the Duke University Health System has considerably lowered sepsis-induced patient deaths. The tool flags sepsis patients who are at medium to high risk, allowing doctors to identify early signs of sepsis. Not only does AI reduce diagnostic errors, it also suggests the best practices for post-surgical care and patient discharge, as well as recommends medications and follow-up checks to optimize patient care.
The average cost of bringing a pharma product to the market is exploding year over year. Manual R&D processes and the time taken to conceive, design, and conduct clinical trials slow down drug production and increase the costs involved. The latest advances in AI help streamline drug research and discovery and reduces the time to market for new drugs. Researchers can use AI-enabled simulations on their devices to explore the impact of new therapies or medicines, thereby reducing the risk of testing in live conditions.
AI allows training and quick catch-up sessions to be held from anywhere, even after a medical resident leaves the campus post a tricky clinical case. AI-powered chatbots can answer queries on the fly, at any hour of the day. With instinctive AI diagnostic support and a low level of supervision, the next generation of medical students will definitely rely on automated self-learning platforms.
Read more: How Virtual Reality Improves the Standard of Medical Education and Training
Real-time data, technological advancements, and innovation are driving the industry forerunners to discover new AI opportunities in healthcare. Here’re a few healthcare AI innovations to behold in the coming days.
Google is running experiments to develop transformative AI imaging and diagnostic tools that can assist clinicians and even address the dearth of talent in a possibly grueling situation (like the global pandemic). Further research is being held to improve the detection of breast and lung cancer, sight-threatening eye conditions as well as skin diseases.
Research proves that 30% of individual health effects are congenital. All of us carry 4 to 5 million genetic variants, each of which can influence our health traits. The cost to sequence a genome and poor sequencing data have marred genomic analysis in the past, preventing clinicians from identifying genetic disorders and high-risk diseases at an early stage. Deep neural networks such as DeepVariant exhibits top-class accuracy in analyzing genetic variants and sequencing genome data.
The advent of AI is helping medical researchers and pharma companies worldwide to reduce in-person assessments in clinics. Various digital endpoints, such as smartphones, healthcare software, wearable sensors, EHRs, video conferencing, and numerous physical fitness monitoring devices are being used to gather data with the patient’s consent. This has drastically shifted medical trials from clinics, thereby reducing the risk of compromised immunity, exposure to fatal viruses, respiratory or cardiac malfunction, and other lethal health risks. Decentralized clinical trials allow institutional and federal health boards to review existing processes, implement new regulations quickly, listen to feedback and concerns, take proactive steps, and make healthcare more accessible to everyone.
Necessity commands invention. Over the past two years, we saw how healthcare stakeholders around the globe took efforts to harness AI technologies – for discovering new drugs, extending the capability of existing drugs, reducing the time to distribution, screening for COVID-19 symptoms, supporting clinical decisions, automating hospital operations, and so on. Key U.S. healthcare decision-makers surveyed by Intel stated that their trust in AI in processing medical records has increased by 67%. As AI gets infused into more crucial areas of healthcare, it’s important to earn customer confidence and comfort, and support from various stakeholders in the ecosystem.
Fingent helps develop innovative, AI-integrated, custom healthcare software applications to improve your competitive advantage, time-to-market, ROI, and clinical precision. As the world enters a new era of health, it’s important to choose the right technology partner that helps adopt the right technology at the right time. We have an eminent list of healthcare clients, including NHS, Novita Healthcare, Mundipharma, and Casenet, LLC among others.
Contact us to understand how we’re helping businesses build trust and deliver sustained outcomes by making the most of our experience and technology.
If you’re a business with an expanding online retail footprint, your hard work actually begins once a customer places an order. Each new order triggers a multifarious chain reaction, right from confirming the order through payment acceptance to picking, packing, and finally shipping the consignment to the right location. As digital shopping becomes the primary buying method today, it’s important for brands to simplify online ordering for their customers.
How can you make your order processing and fulfillment smooth enough for both your customers and employees?
If you’re a small business, you might be able to handle your orders with basic pre-packaged software. But as your business grows, you need a customized order management system to fulfill the orders gushing in. With a custom order processing software, your business can bring the best of both worlds, that is, streamline your order processing and fulfillment and simplify order placement for your customers.
View Infographic: Custom Software vs. Commercial Off-the-shelf Solutions
Order management refers to the set of processes used by an organization to track, manage, and fulfill an order, right from the time when it (order) is placed by a customer to when it is safely delivered at the right destination.
Order management systems are software tools used to monitor the end-to-end customer order journey. With order management software, you can organize and automate processes, keep track of your merchandise, control the delivery process, and ensure that your customer receives the right order at the right time in a good condition.
Say you’re running an online medical procurement store. A clinic places an order with you for disposable saliva ejectors. Your order management software checks if the payment was successful, send the order details to your warehouse, tracks the order form when it is being picked, packed, and shipped, and finally ensures that the saliva ejectors were delivered properly.
Modern order management systems are capable of going beyond delivery and order fulfillment. They can record customer service actions, track returns or exchanges, prevent shipping errors and processing delays, and save profits by reducing refunds and reshipping costs. By collecting vital metrics that define your success and efficiency, your business can identify what’s working and what needs to be improved.
Investing in an off-the-shelf order processing system is enough if you’re content with your business’s status quo. But it wouldn’t suffice if you’re thinking of expanding your business. Offering personalization is the only way to make yourself stand out from the competition and attract more customers. That means, making some serious changes to your existing workflow. When you try to alter your current workflow to incorporate personalization, your canned software offers limited ways to do it successfully. This is where a custom software solution comes to your rescue.
Watch Video: Why Your Business Requires Custom Software
Custom order management software allows you to configure the workflows required to meet your specific business needs. If off-the-shelf software provides you with 80% of the functionality, custom software allows you to tailor the remaining 20% (or even more) to enhance your workflows and make your business future-proof.
We’ve done it in the past and we’re doing it now as well!
We’ve simplified what was once considered complex order processing, with custom-built ordering software that lets customers place orders quickly and allows businesses to track every order with improved efficiency and sophistication. Here’re a few inspiring stories.
Texas-based Cheetah Transportation Systems leveraged Fingent’s custom software development services to implement a personalized transportation management system. The new system allows Cheetah’s customers to view their order status in real-time and access up-to-date shipping data. With a customized software solution, Cheetah re-imagined their logistics and supply chain operations:
Another pretty interesting digital transformation story is that of AEC Advisors. The New York-based investment banking and corporate finance advisory firm experienced a business transformation with a customized survey management cum analytics and reporting software developed by Fingent.
A custom order management application for a manufacturer who builds customized sheds for growing families needing more space! That’s the story of Lakeside Cabins, headquartered in Ohio. The manufacturer wanted us to build an in-house software customized to support the different stages of their building processes. Fingent created a personalized, flexible, easy-to-maintain, and scalable order management software with the following features:
Interested to explore similar success stories? Click here to read our top case studies.
A customized order management software offers the best features your business would actually require. Collaborate with the right software development partner to identify your unique business needs. Avoiding unwanted features helps you get cost-effective custom software within a shorter development cycle.
Your customers may want to split orders and deliver them to multiple addresses. Using an off-the-shelf software to split your shipments will increase your fulfillment costs due to longer development cycles. A customized order processing software offers the flexibility to split consignments, choose multiple payment modes for a single order, and a horde of other capabilities that will enable you to deliver an Amazon-like experience to your customers.
Read more: Custom software solutions – the ideal way to build business apps
Most off-the-shelf software don’t offer flexibility in integration, making you spend more on missing software integrations. In contrast, custom order processing software offers makes it easy to integrate with necessary third-party ware that can improve the accuracy of your order fulfillment process. Fingent develops powerful APIs and plugins that support seamless integration of third-party tools with your custom software.
When your custom order management software does the heavy-lifting by automating invoicing, billing, banking integration, payment, and stock management, you can focus on improving your customer service. Automating mind-numbing operations will allow you to keep your order processing tasks much more organized and easier.
Most pre-packaged order management solutions offer functionalities that your business doesn’t require and demand you to pay extra for useful features. A custom software solution is designed and developed after defining your objectives clearly. So you end up paying only for the features you use.
Read more: Know What’s Driving Custom Software Development Costs in 2022
When you’re in complete control of your order management system, you will attain better visibility, productivity, and cost control. Custom software befits businesses of any size- small or large, as it can save your costs and support your long-term growth plans. Whether your requirement is to develop a custom inventory/ order/ warehouse/ transportation management software, our developers have considerable experience in handling anything that comes our way.
Read more: How to Choose the Right Custom Software Development Firm
Our core experience in developing B2B e-commerce applications, customized product ordering systems, tailored self-service payment portals, and an array of bespoke software solutions makes us a trusted software development partner to hundreds of organizations worldwide, including Fortune 500 companies.
If you want to learn more about custom software or would like to know how it can improve your bottom line, get in touch with us.