The mobile app market is highly competitive, and it\'s essential to ensure that your investment in app development results in a high return. Maximizing the return on investment (ROI) from a mobile app development company requires careful planning, execution, and ongoing efforts

But how do we calculate the ROI of a business application? If you are an entrepreneur, surely you must have the information on the calculations. If not, this blog is meant to fill you with all the vital credentials about ROI for business apps and appropriate strategies to improve your return on investment. 

Getting a lot of users is the first challenge to your company\'s mobile app\'s success. We all need more prospective users to download and launch the app, after all. What happens next?

Applications are never created with a set-it-and-forget-it attitude. Applications need to be promoted, used, and optimized in order to succeed. Additionally, the ROI (Return On Investment) of your company application will increase if you are successful in increasing app utilization.

Understanding every component of return on investment (ROI) for your organization is so crucial.

Let’s find out what is mobile app ROI in the below segment. 

What is mobile app ROI?

Mobile App Return on Investment (ROI) refers to the financial benefit that a business or individual realizes from their investment in mobile app development. It is calculated by dividing the total net benefit from the app by the total cost of developing and marketing it. The ROI of a mobile app is an important metric that can help businesses measure the success of their investment and determine whether they are getting the desired results.

An app with a high ROI indicates that the benefits of the investment, such as increased sales or customer engagement, are higher than the costs associated with development and marketing. On the other hand, a low ROI means that the investment is not generating the desired financial returns.

To maximize the ROI from a mobile app, businesses need to carefully consider their objectives, target audience, monetization strategies, and marketing efforts. They should also continuously evaluate and adjust their app to ensure that it continues to provide value to users and generate desired financial returns. 

Now, after getting a grasp of what mobile app ROI is, we should have to do a master\'s in the ROI from mobile apps. 

Top 10 Techniques for Increasing the ROI of Business Apps

Depending on how concerned you are with keeping your employees using the app, you may decide on several tactics to increase the ROI of business applications.

This may be done in a number of ways. The following are methods or strategies to raise the return on investment for the app:

1. Continue to iterate on the application

Making a plan for repeated iteration is the first step to raising the ROI of your business application. You must keep an eye on the features users and staff are using most frequently and solicit their opinions.

To reach the milestone of working on all the issues raised by the workers being resolved promptly, constantly altering the app\'s functionality based on this information.

You cannot anticipate that your company application would be flawless on the first try, to put it simply. A-B testing must be continuously conducted to ensure that your business application is flawless and distinctive, as well as to maximise its potential for the firm as a whole.

2. Active Engagement of the Staff

According to study, a lack of employee participation is the main issue that any firm has.

Employees frequently exhibit no interest in anything that will change from the legacy system, especially if a larger percentage of your workforce is from the Gen X generation.

3. Speed of Offer

The sweet spot for today\'s digital first generation is speed. Today\'s age takes slow speeds seriously, whether it\'s for connecting to programmes or reading tiresome information. Business software developers might strive to reduce the picture size and remove extraneous features that will slow down the app load time in order to increase performance and, as a result, business mobile ROI.

4. Enhance the UI/UX of the application.

The most fundamental technique to ensure that your software is accepted for its aesthetics and appeal is to improve the UIUX.

An application\'s UI/UX should be designed to create no interruptions at all.

Not to add, your business application\'s design needs to be attractive enough to inform users of important details like where to move their pointer and which button to click next.

5. Create App Segments for Specific Domains

The existence of various sets of functionalities in a single application is one of the major concerns made by users of business apps. As a result, a domain\'s team is forced to see a number of aspects that have no bearing on their work.

6. Keeping Humans Out

You may eliminate little human mistakes, human errors, or faults by using a mobile app. No matter how minor, they have the potential to trigger disastrous events like manufacturing issues, regulation bypass, and a host of others.

A computer may do all activities flawlessly with the help of a mobile application, sparing you the extra expenditures associated with unforeseen losses.

7. Automating the Sales Process

You will have a team dedicated solely to direct sales as a company. Nevertheless, your sales team will have more time with an application since the mobile software can handle the majority of the sales process while offering the sales team more useful activities like haggling and lobbing new clients.

8. Client targeting

There will undoubtedly be more sales of a good or service when mobile applications are used. Additionally, you can easily retain your current consumers by making life simpler for them, such as by making product purchases simple, and you can easily attract new clients and customers by using mobile applications.

Your application should be created in a way that encourages users to make further purchases and to return, which will increase sales and enhance your profit margin.

9. Lower the cost of customer service

You\'ll save time and effort by using automated software to handle the majority of your customer care needs. For instance, chatbot usage is increasing in popularity across most websites and services.

Before any human customer support begins, the Chatbot uses an amazing algorithm to start up dialogue with consumers.

This will aid in categorising and lowering the number of consumers based on their demands. The bots can efficiently do smaller, easier tasks, freeing up human customer support agents to focus on more challenging jobs.

This one can significantly increase the ROI of your app and lower the cost of customer care.

10. Setting the App\'s Price

A way to connect your business objectives that produce profit and increase the return on investment from your business is to set appropriate pricing for the consumer in the app or of the app.

How to Estimate the ROI of Your Business App

Estimating the ROI of your business app can help you determine the potential financial benefits of your investment and make informed decisions about app development and marketing. Here are the steps to estimate the ROI of your business app:

1. Determine the costs: Calculate the total cost of developing and marketing your app, including salaries, materials, and any other expenses.

2. Identify the benefits: Determine the potential benefits of your app, including increased sales, reduced costs, and improved customer engagement.

3. Calculate the net benefit: Subtract the total costs from the total benefits to calculate the net benefit of your app.

4. Divide the net benefit by the costs: Divide the net benefit by the total costs to determine the ROI.

5. Consider the lifetime value of your app: Consider the potential lifetime value of your app, including ongoing benefits and the potential for future updates and improvements.

6. Use sensitivity analysis: Use sensitivity analysis to determine the impact of different assumptions, such as changes in costs or benefits, on the ROI.

7. Continuously evaluate and adjust: Continuously evaluate and adjust your ROI estimates as you gather more data and learn more about the performance of your app.

By following these steps, you can estimate the ROI of your business app and make informed decisions about app development and marketing. However, it\'s important to remember that estimating an app\'s ROI can be challenging and is often an iterative process that requires ongoing adjustment as you gather more data and feedback from users.

Let\'s use an illustration to better understand;

Assume a company or organization spends $500 per month on promotions and campaigns and receives $1,000 in return. How are you going to compute it?

It is quite simple. The produced earnings will be divided by the initial investment, or 1000 USD divided by 500 USD.

Your response in this case will be 2.

In other words, the corporation made a profit of two dollars for every dollar it spent on the advertising efforts.

A shrewd business person will seize the chances that present themselves and exploit them to their advantage to make huge profits.

Over to you

To increase app development\'s return on investment (ROI), you should also invest in mobile app development with a reputed application development firm.

The future is here. To create top-notch, highly functioning mobile applications, get in contact with our passionate team of app developers.

DianApps provides worldwide clients with top-notch software development services and mobile application services. Our knowledgeable staff provides a complete solution to increase a client\'s productivity since they have a thorough understanding of the components that will make a mobile app effective.

Because in the end, business is ultimately about making money.

Did you know that a well-crafted mobile app can be a game-changer for your business? It can open up new opportunities, enhance customer engagement, and boost your brand\'s visibility. However, building an app that stands out requires specialized skills and experience. This is where a mobile development company can be your trusted partner. They possess the knowledge and resources to bring your app idea to life and ensure its success.

But with the vast array of mobile development companies out there, finding the perfect fit can be overwhelming. You need to make an informed decision to avoid costly mistakes and wasted resources. That\'s why we have compiled a list of 10 crucial factors to consider when hiring a mobile development company. From industry-specific expertise to data security, and user acquisition strategies to app store optimization, we will guide you through the essential aspects that will help you make the right choice.

So, if you\'re looking to thrive in today\'s mobile-first world, keep reading. By the end of this article, you\'ll be equipped with the knowledge and insights needed to find the ideal partner who will transform your app vision into a reality. 

Let\'s dive in and discover the 10 things you need to know when hiring a mobile development company.

Why hire a Professional Mobile Application Development Company?

For building a good application, there are a couple of options available for you. You can hire an independent mobile app developer, or outsource to the best mobile app development company. But choosing the right app development company comes with a lot more factors. 

Before digging deeper into the topic, let’s have a look at the statistical data that shows the growth rate of the mobile app market in a developed country like the United States.

As per a survey conducted, total revenue is expected to show an annual growth rate (CAGR 2022-2027) of 9.53%, resulting in a projected market volume of US$256.90bn by 2027.  Around 5K+ apps are getting added to Play Store and App Store every day. 49% of people open an app 11+ times a day.  Almost 363,218 people are employed as smartphone app developers in the U.S.

To generate higher revenue by developing the best mobile application and thriving in today’s highly competitive business world, one must look upon hiring a professional mobile app development agency. A great team of professional app developers, graphic designers, and project managers can help your business to grow and succeed.

Thus hiring a mobile app development company is an important aspect of the business. And to make sure the company you choose is the right fit, you need to keep a few things in mind. Read further to find out what!

10 Things to Know While Hiring a Mobile Development Company

1. Identifying Industry-Specific Expertise

To ensure your mobile app resonates with your target audience, it\'s crucial to find a development company with industry-specific expertise. You must consider companies that have experience in your particular niche and can bring valuable insights and knowledge to the table. They will understand your industry\'s unique challenges, user expectations, and emerging trends, giving your app a competitive edge.

2. Integrating Emerging Technologies

Staying ahead in the mobile app landscape requires embracing emerging technologies. A top-notch development company should be well-versed in integrating technologies like Artificial Intelligence (AI), Augmented Reality (AR), Internet of Things (IoT), and Blockchain. These technologies can enhance user experiences, drive innovation, and future-proof your app.

3. Securing Data and Protecting User Privacy

With data breaches and privacy concerns on the rise, it\'s essential to prioritize data security and user privacy in your app development. A reliable mobile development company should follow best practices in data encryption, secure storage, and comply with privacy regulations. They should have robust measures in place to protect user data and maintain user trust.

4. Cross-Platform Development and Reach

In today\'s multi-platform world, catering to users on various devices and operating systems is crucial. Consider a mobile development company that specializes in cross-platform development. By leveraging frameworks like React Native or Flutter, they can build apps that work seamlessly across iOS and Android platforms, ensuring a wider reach and cost-effectiveness.

5. Maximizing User Acquisition and Retention

Acquiring users and retaining their attention is essential for the success of your app. Before hiring a team of developers, make sure that they understand user acquisition strategies, such as effective social media marketing, app store optimization, and targeted advertising campaigns. They should also focus on user retention tactics like personalized experiences, push notifications, and loyalty programs.

6. Embracing the Power of Augmented Reality (AR)

Augmented Reality (AR) has revolutionized the way we interact with mobile apps. A mobile app development company can harness the potential of AR to create captivating user experiences. Whether it\'s integrating AR features into e-commerce apps for virtual try-ons or creating immersive gaming experiences, AR can elevate your app to new heights.

7. User-Centric Design

User experience is paramount in mobile app success. Look for a development company that prioritizes user-centric design. They should conduct thorough user research, create prototypes for testing, and ensure the app\'s interface is intuitive and visually appealing. User feedback should be continuously incorporated into the design process to optimize usability and enhance satisfaction.

8. Ensuring Scalability and Future-Proofing

Your app\'s success may lead to increased user demand and evolving business needs. Mobile app developers can handle scalability and future-proof your app. They should design a robust architecture that can accommodate future growth, adapt to changing technologies, and support additional features and functionalities as your app evolves.

9. Leveraging Analytics for App Performance Optimization

Data-driven insights are invaluable in app performance optimization. A reputable development company leverages analytics tools to gather relevant data and derive actionable insights. They should monitor key performance metrics, user behavior, and conversion rates to identify areas for improvement and make data-informed decisions for app optimization.

10. Navigating App Store Optimization (ASO)

Visibility in the app stores is crucial for attracting organic downloads. A competent development company should have a strong understanding of App Store Optimization (ASO) techniques. Conducting thorough keyword research, optimizing app metadata, managing ratings and reviews, and implementing effective marketing strategies to boost app visibility and drive organic traffic is necessary.

Mobile App Developers For Hire: Do’s and Dont’s

Do’s 

1. Take multiple interviews and discussions to get familiar with their work experience, vision, working style, and technical knowledge.
   


2. Judge their technologies to see if they fit your business goals.
   


3. See that their focus is not just on the coding part but on the flow of the app and the user experience it provides.
   


4. Hire from well-known app development companies since they offer a wide range of services and usually have reliable products they have developed before.
   


5. Look for a team with strong domain expertise and the ability to switch between different tech stacks.
   


6. Ensure that both the client and service provider work together, communicate effectively, and are aware of all the stages in the app development cycle throughout to avoid any last-minute hassles.

Don’ts 

1. Do not look for developers with many geographical differences in return for saving costs, as it might result in considerable gaps in working timings, different working policies, and ineffective communication.
   


2. Be careful not to pick a developer with generic past work experience and no inventive ideas for the application in the future.
   


3. Do not pick developers who don’t provide maintenance after deployment or complete fledged documentation. Having multiple rounds of testing, later on, can create huge problems.

In a Nutshell… 

By considering these 10 crucial factors when hiring a mobile development company, you can make an informed decision and set your app up for success. 

Now that you have a solid understanding of the important aspects to consider when hiring a mobile development company, it\'s time to put your knowledge into action.

Remember, choosing the right partner is a vital step towards achieving your app goals and delighting your users. Invest time and effort in finding a reputable, experienced, and innovative Software development company that aligns with your vision and can bring your app idea to life.

Article Source: https://dianappstech.blogspot.com/2023/07/hiring-mobile-development-company-10.html

No matter how slowly we call the adoption of technology in the finance sector, there is one transformational affair that can’t be overlooked - a huge percentage of people willingly switching from desktop and brick-and-mortar banking to mobile banking. 

Mobile banking apps have already become one of the predominant ways by which people log on to their bank accounts and perform transactions. The enticement towards mobile banking is highly accelerated that banks, irrespective of size and geographical location. They are not just expanding their offerings into online banking app development but are searching for ways to make the new-gen tech-savvy. 

But in the event of doing so, the most common question that clicks into the mind is, how much does it cost to develop a mobile banking app?

If you are thinking to develop one right from scratch, the first step is to find out the cost of creating the same. Generally, the overall expense of creating a mobile app development varies anywhere from $30,000 to $300,000. Although, the cost can fluctuate depending on the complexity and feature list of the app.  The design of the app, location of the developer and hourly rate, quality assurance charges, etc. are some other elements that affect the cost of banking apps.

In this blog, we’ll be highlighting the factors that contribute to the cost of mobile banking app development. It will also cover the calculation of indicative expenses while building a banking app. 

Initially, let’s figure out how to determine the cost of your banking app project. 

How to Determine the Cost to develop a Banking App

The banking app development costs rely on two major elements - the hourly rate of the developers and the total time taken to build the application. 

The hourly rates of hiring a developer typically depend on their experience, skillset, and location. While the time depends on factors such as the complexity of features, platforms chosen, tech stack incorporated, and so on. 

Nevertheless, once you have chosen your development team and figured out the complete app development requirements, you can use this unfailing formula to get a rough idea regarding the cost of your project. 

While you can calculate the mobile banking app development cost using the above formula, you can also take a look at the average cost and time it takes to develop apps of different complexity levels in the table below

Now that you have a clear understanding of how to calculate the overall banking app development costs, let us move ahead and discuss the various factors that ultimately decide the price. 

Factors that affect the cost of developing a mobile banking app

As was already noted, a number of factors influence the overall cost of mobile application development for the fintech industry. Knowing these elements can help you decide your overall banking app budget. In addition, it will provide you with a precise idea of how important they are to the success of the app.

The total cost of building an application also includes post-release costs like customer support and marketing, and additional costs not related to the actual development (analytics, management, design, and testing)

Let’s discover the factors in detail.

The complexity of the app

One of the most important elements influencing the development costs is the complexity of the mobile banking app. A complicated app includes advanced capabilities like investment management, loan applications, and extensive security features.  In contrast to that, a simple app with basic functionality like account balance checking, transaction history, and bill payment is less expensive. Your app\'s development cost will increase in direct proportion to the number of features you want to incorporate.

Technology integration

Costs associated with development are also influenced by the selection of programming languages, libraries, and APIs. Although native languages are frequently used by app developers - Swift for iOS applications and Kotlin for Android banking apps development. Some apps need specialized knowledge and programming languages that go beyond the conventional method.

For instance, Ruby on Rails is gaining popularity because of its high storage database, but Java is also widely used in fintech due to its better security and cross-platform capabilities.

Type of development team

Another important factor that creates a significant difference is the cost of app development. The type of collaboration between the client and the development team is defined by two hiring models - In-house team or freelancers. If an in-house team is not a feasible option for you due to any reason such as resource or budget constraints. You can either hire freelancers or outsource your software development project to a reputed company like DianApps. 

You might save on your overall budget by hiring freelancers. But, in the long run, their lack of technical ability and banking app development knowledge may end up costing you much more than the total development charges. On the other hand, a full-fledged banking app development service provider may cost a little bit more upfront but will guarantee a higher return over time due to the caliber of services they provide.

Location of Development Company

The location of the mobile banking application development business you select is another factor that impacts the cost of developing a banking app. The price of developing an app rises from East to West.

When compared to app developers in Asian or African nations, the average hourly wage for mobile banking app developers in the US is higher. Let us provide you with a rough estimate of how much it costs to design banking applications in various parts of the world.

Feature-set of the app

One of the most important elements that affect the development cost is the feature set of mobile banking apps. The cost of development increases as features become more advanced and complex.

While the above graph offers you a fair understanding of the elements that consumers most want in an online banking application, let us explain each of the essential features in more detail.

Requisites of a Mobile Banking Application 

App access

The first feature that every mobile banking app should have is easy app access. The app should be easily accessible to customers, and they should be able to download it quickly. The login process should be straightforward, and the customers should be able to log in with their credentials quickly. The app should have a simple and intuitive user interface that is easy to navigate.

Account information

Customer access to their account information should be unrestricted through the mobile banking app. They ought to have access to information about their accounts, including account statements and balances. Also, they should be able to update their account information, including their contact information and personal data.

Payment and transfer

The payment and transfer feature is one of the most critical features of a mobile banking app. Customers should be able to make payments and transfer funds quickly and securely through the app. The app should support various payment methods, such as debit cards, credit cards, and online banking. It should also allow customers to transfer money to other bank accounts and pay bills online.

Transactions history

The transactions history feature is essential for customers to keep track of their transactions. The app should provide customers with a complete transaction history, including details of all the transactions made through the app. Customers should be able to filter their transaction history by date, amount, and other criteria.

Push Notifications

Push notifications are an essential feature of a mobile banking app. Customers should receive notifications for all the transactions made through the app. These notifications should include details of the transaction, such as the amount transferred and the recipient\'s name. Push notifications also help customers stay updated on their account activity and prevent fraudulent transactions.

Bank and ATM locations

The mobile banking app should provide customers with details of the bank\'s locations and ATM machines. Customers should be able to locate the nearest bank branch or ATM machine through the app. This feature is especially useful when customers are traveling and need to find a nearby bank or ATM machine.

In-app chat

The in-app chat feature allows customers to communicate with the bank\'s customer support team directly through the app. Customers should be able to ask questions, provide feedback, and report issues through the in-app chat feature. This feature helps customers get quick solutions to their queries without having to visit the bank or call customer support.

ATM connectivity

Since the fintech industry is changing the future of traditional banking, so are the features. The ATM connectivity feature is a relatively new feature in mobile banking apps. This feature allows customers to withdraw cash from an ATM machine without using a debit card. Customers can generate a QR code through the app, which can be scanned at the ATM machine to withdraw cash.

Voice commands

Voice commands are becoming an increasingly popular feature in mobile banking apps. Customers can use voice commands to check their account balance, transfer funds, and perform other transactions through the app. This feature provides customers with a hands-free and convenient banking experience.

AI Integration

AI integration is a new feature that is being added to mobile banking apps. AI algorithms can analyze customer behavior and provide personalized recommendations to customers. For example, the app can analyze a customer\'s spending patterns and suggest ways to save money or provide customized investment advice based on their financial goals. AI integration can also help identify and prevent fraudulent transactions, improving the app\'s overall security.

App security

App security is an essential feature of every mobile banking app. Customers should feel confident that their personal and financial information is secure when using the app. The app should use advanced security features such as two-factor authentication, encryption, and biometric authentication (such as fingerprint or facial recognition). Regular security audits and updates should also be performed to ensure that the app is secure against the latest threats.

Therefore, to be competitive in the market, every mobile banking app should have must-have features. Investing in developing a robust and user-friendly mobile banking app with these features can help attract more customers and provide a seamless banking experience for them.

Also read: How to Reduce the Mobile App Development Cost?

Final Thoughts

Now that you know the banking app development costs and its necessary requisites. It is time to invest in a custom mobile app development that can rank your mobile banking. 

We at DianApps, are committed to the best-in-class practices for developing mobile banking apps and always take into consideration clients’ objectives, aspirations, and existing challenges. Being a dedicated fintech app development company, we offer you a well-defined app development plan and build banking app. Not merely that basic app but one which is integrated with the latest tech stack and an expensive feature list according to your business requirements. To name a few, we recently developed fintech mobile and web apps - Khatabook & Zaggle, having 100k+ downloads. 

So if you still have a doubt regarding the cost of app development for your project, get in touch with our team of experts. They will provide you with detailed information on how we can help you put things into perspective with a well-curated banking mobile app development.

Article Source: https://medium.com/@marketing_96275/how-much-does-mobile-banking-app-development-cost-a1e21beb6767

Mobile applications in digital transformation 

But first, what is the concept of digital transformation?

In the digital age, businesses are constantly looking for ways to stay ahead of the curve and deliver better value to customers. One key factor in driving this change is the role of mobile applications. As the use of smartphones and other mobile devices continues to rise, the importance of mobile apps in driving digital transformation has become increasingly apparent. Mobile apps are the driving force behind digital transformation, from utilizing AI algorithms to making informed decisions with real-time analytics to acting as a business\'s digital face. This highlights the significance of hiring professional mobile app developers to help businesses succeed in their digital transformation journey. 

In this blog, we\'ll explore the pivotal role that mobile apps play in the digital landscape, and why businesses should consider investing in the best mobile app development services for a successful digital transformation journey.

The pivottable role of mobile apps in the digital landscape

With the digital revolution in full swing, it\'s time to bring your business processes into the 21st century. From streamlining operations to enhancing customer experiences, digital transformation is a game-changer for businesses. And at the forefront of this revolution is the rise of mobile apps. Mobile has become the king of the internet, with users around the world spending more time on their mobile devices than ever before. 

Embrace the power of digital and take your business to the next level with the help of a top-notch mobile app development company.

That proves that mobile apps are the real driving factor behind the digital revolution. What specific effects do mobile apps have on digital transformation?

1. By Utilizing AI in Mobile Apps

The benefits of using AI to improve customer experience are universally accepted. Through the use of tools like natural language processing, natural language generation, speech recognition, chatbots, and biometrics, businesses have begun integrating AI into the development of user-friendly mobile applications in an effort to transform marketing.

Employees benefit from additional intelligence and capabilities provided by AI-powered enterprise mobility solutions, which leads to better learning and higher productivity. AI not only facilitates predictive analysis and process automation but also caters to the needs of the consumer.

2. Making informed decisions via real-time analytics

In the current business landscape, having access to real-time big data analysis might give one a significant competitive advantage. Companies can collect vital user data by using mobile applications as part of their digital transformation and reach out to customers with personalized marketing messages based on app usage metrics.

Real-time analytics enables businesses to keep an eye on team performance, assess productivity levels, and obtain insight into any obstacles teams may encounter while they carry out their duties and how that impacts the overall value of the company.

3. Using IoT in mobile apps

The era of using IoT solely for displaying products and sharing information has passed. The use cases of mobile apps in the IoT domain are expanding around the clock. Companies are using IoT transformation apps to streamline their office operations and supply chains by using smart equipment. 

Despite being a relatively new concept in the business world, IoT digital apps are quickly finding their place and becoming essential for improving efficiency and transparency in the enterprise sector.

4. Acting as the digital face

Business is transformed by mobile apps, and they also open up a lot of new possibilities. Digital strategies for mobile apps aid companies in maintaining contact with both current and potential clients. As a result, they now serve as the first and foremost experience for potential customers when they interact with your company online.

Integrating mobile applications into your business plan will help you improve customer engagement and gain a competitive edge to beat out your rivals as customers become increasingly reliant on their mobile devices.

5. Increasing portability

Employee flexibility is made possible through portability in a corporate environment. In the long run, it significantly impacts how productive a team is, even though it has less of an immediate effect.

Giving employees the freedom to work at the times and places of their choice allows them to be more productive and creative. The use of software that allowed our employees to work for us at their own pace and convenience led, among other things, to more creative business expansion ideas and a rise in workforce efficiency.

Why should businesses invest in mobile apps for digital transformation?

Enterprise mobile applications assist employees in connecting with the core business processes even when they are not on duty. Consequently, it results in improved employee experience and increased team productivity. Therefore, mobile applications have greater importance and gained momentum in the digital transformation of a business. Let’s explore the reasons behind investing in best-in-class mobile app development services.

1. Increased customer satisfaction

Customer satisfaction is a significant factor that organizations should consider when it comes to digital transformation. Mobile applications can help organizations provide a better customer experience by offering convenient and accessible services. This can help organizations stay connected with their customers, respond quickly to their needs, and increase customer loyalty. Additionally, mobile apps can help organizations increase transparency by providing real-time updates and data to employees and customers.

2. Productivity and efficiency

Productivity and efficiency are key drivers of business success, and mobile applications can help organizations achieve these goals by streamlining processes and reducing manual labor. By working with enterprise application development services, organizations can develop custom mobile apps that meet their specific needs and help employees work more efficiently. This can help organizations complete tasks faster, reduce errors, and improve overall productivity.

3. Workflow optimization

Another important reason to invest in mobile applications is workflow optimization. Mobile apps can help automate tasks and reduce manual processes, freeing up employees to focus on more important tasks. This can lead to improved productivity and greater efficacy, as well as enhanced job satisfaction for employees.

4. Transparency

Finally, transparency is critical for building trust and accountability in an organization. Mobile apps can help organizations increase transparency by providing real-time information and data, which can help employees make informed decisions and improve overall organizational performance. Additionally, mobile apps can help organizations track progress and provide accountability, helping to build trust and credibility with customers, employees, and stakeholders.

Final thoughts

In conclusion, mobile applications have become a driving force behind digital transformation for organizations. By investing in mobile app development, organizations can achieve greater productivity and efficiency, improved workflow optimization, increased customer satisfaction, and greater transparency. Mobile apps provide a convenient and accessible platform for employees and customers, allowing organizations to stay connected and respond quickly to their needs. With the right enterprise application development services, organizations can develop custom mobile apps that meet their specific needs and help them stay ahead of the competition. 

Don\'t miss out on the opportunity to stay relevant and competitive in today\'s fast-paced digital world. Embrace and search for mobile app development services as a driving force behind your digital transformation journey.

Article Source: https://medium.com/@marketing_96275/the-role-of-mobile-app-development-companies-in-digital-transformation-d2e1d52cc42b

Android is frequently used as the operating system for touchscreen devices, such as mobile phones and tablets. The applicability of Android across devices and use cases has, however, recently expanded significantly.

It is one of the most commonly used OSs, notably in smartphones, and it not only commands a substantial market share. Android app developers are becoming more inventive in this space, creating fresh, unique apps with a wide range of functions for users.

iOS, which is also fairly well-liked, is another OS that is mostly used for Apple mobile devices. Users have a wide range of possibilities because the market is booming with a large number of Android and iPhone cell phones.

There is never-ending competition between these two industry leaders in mobile development. Now let\'s examine some recent changes relating to Android in 2023.

Current Android Development market statistics

With a market share of 75% worldwide and more than 2.8 billion active users, Android is very popular.

Here is a Statista report on the market share of mobile operating systems globally from January 2012 to June 2021.

Android app developers have been creating a lot of apps to fulfil the needs of customers and service their continually expanding user base.

As a result, 2.89 million apps are currently available through the Google Play Store, exceeding the 1 million mark in July 2013.

Android Libraries and their importance

An app module and a library are the same thing. Hence, you can utilise any tools required to create a software application, including source code, resource files, and Android manifests. For instance, an Android app module can reference a library that was compiled as an AAR file.

As of 2021, Android OS is predicted to hold 71% of the market\'s worth. It highlights Android\'s supremacy in the mobile gaming sector and is compelling.

On top of that, new Android phones are being released with new functionality. Without having to pay for the most recent version of the application, users can download updated versions of their devices for free.

The Android library enables programmers to deliver automated updates via recurring notifications at predetermined intervals. In order to keep current, developers might include new features in their apps, particularly for older hardware. It is difficult to update across Android systems. Also, it is accurate to say that these are only updated once a year. It\'s a useful feature of Android to add support libraries.

You should try out the Android libraries on the list of must-haves below in 2023. Take advantage of these libraries to speed up and simplify your subsequent Android app development endeavors. Thus, let\'s get going.

Best Android Libraries to check out in 2023

1. Picasso

One of the most popular pictures in the Android Library, Picasso is developed by Square and handles issues including adapter download cancellation, recycling, downloading cancellation in the ImageView, complicated image transformations using less memory, automated memory utilization, and caching. It effectively converts photos to better-fit layouts and has the ability to automatically detect adapter reuse.

2. Espresso

This library allows you to write tests and check whether the text of the TextView is similar to another text. But to use this, you must add dependencies to the app module build. Then you can set instrumentation runners and sync the Gradle files to create a test file. It is a test framework that helps developers to build UI tests for Android applications.

3. Event bus

If you\'re creating Android apps, you can run into problems while attempting to communicate several elements in real time. The finest Android library right now is the event bus.

A publisher-subscriber model was used to develop it in the main. By separating events between sender and receiver, this library makes it simpler for components to communicate with one another.

Similar to that, it effectively communicates between fragments, activities, and background threads.

4. Gravity view

For image tilting with sensors, this Android UI library is needed. You must be running Android 3.0 or higher to use this library, which was first used in the well-known app Fynd. The main objective is to make use of the motion sensors in Android devices to give users the ability to move and rotate their devices to carry out specific tasks. You can utilise it for non-gyrostatic devices by using an accelerometer sensor.. 

5. Dagger 2

This library\'s ability to make access to shared instances simpler is one of its advantages. To identify and evaluate dependencies, it makes use of Java annotation processors and compile time. However, Java dependency injection libraries have several drawbacks as well, such as their reliance on XML, performance penalties during startup, or problems verifying dependencies while in use.

6. ZXing

Zebra Crossing is known by the abbreviation ZXing. It\'s an Android library for barcode image processing. With connections to other programming languages, Java is the primary language that uses this library. Even Google creates millions of web-searchable barcodes using this fantastic Android library.

Moreover, this library supports 1D goods, 1D industrial, and last but not least, 2D barcodes. It serves as the foundation for the Android Barcode Scanner application and is a component of Google\'s Book Search and other services.

7. Rxjava2

Implementing reactive programming is made easier by this library. Since Android app developers believe it to be unmatched, it is one of the greatest options. That\'s because Rxjava2 makes it simpler to link async actions and makes it simpler to specify how simultaneous activities should behave. Also, it can immediately identify the problems, which takes much longer when performed by other libraries.

8. Stetho

Stetho is useful for a variety of tasks, such as network inspection, database inspection, Java Script Console, etc. This library is primarily used by developers to access Chrome Developer Tools functions that are built-in into the Chrome desktop browser.

9. Butter knife

It is an Android support library for view-binding. This makes it very simple to assign IDs to views. These library annotations are used in dependency injection to provide boilerplate code. The onClick and onTouch functions are successfully replaced with auto-injected code by this package.

10. Panel Layout

A UI Android library called Panel Layout enables developers to show a floating, resizable panel that users may snap to the device\'s boundaries. It draws inspiration from the \"Panel Kit\" iOS UI framework and is distributed under a two-clause BSD license. This library can be utilized for testing as well. It is worthwhile to use this library\'s documentation with contemporary Android apps.

11. Android Databinding

To begin with, unlike other view-binding libraries, it does not use annotations. It is pre-built inside the Android Support Library and needs Android Studio version 1.3 or later to function. This Android Library facilitates declarative rather than programmatic integration of UI elements in layouts to data sources in apps. Moreover, layouts are specified in activities with code that require UI frameworks.

12. Glide

This Android library, which is run by Bumptech, is one of the best for loading images. Being a flexible API, it enables programmers and developers to connect with any network stack because HttpUrlConnection is the default stack it uses. If you need to resize, retrieve, or even display a remote image, it is incredibly efficient.

13. UI Components libraries

User Interface is abbreviated as UI. This is the reason why it is well-known and forbids any negligence in the development of Android apps. The Android Libraries have seen advances and innovation for several UI domains over time, with gravity view being one among them.

14. Activity Recognition API

This library enables users to identify their current activity, such as driving, strolling, or even just standing motionless. To analyze the observed activity changes, it makes use of the Intent service. To request updates or to stop receiving updates, there are two buttons.

15. Retrofit

Ever since this Android library surfaced, numerous issues have been resolved. For Android and Java-based devices, Retrofit is a type-safe REST client. It uses annotations to logically translate the API into a client interface.

With the use of converters, this library handles parsing POJOs. If a network request needs to be made, developers can use this. Using only annotations, it also facilitates changing request methods, adding a request body and query parameters, changing endpoints and headers, and modifying endpoints and headers. Setting instrumentation runners for the sync is necessary in this situation.

16. Robolectric

The resource loading inflation, views, and other issues are all handled by this Android library. It improves the efficiency and utility of the tests written in the library for carrying out tasks that real Android devices would carry out. It is the unmatched unit of the testing library.

17. Holo Graph Library

This is a brand-new graphic library. It is one of the best frameworks for including beautifully made graphs and charts in Android applications. This list of features also includes a multi-series bread graph view, pie graph view, line graph view, and bar graph view. The majority of Android app development companies now favor this library.

18. MPAndroidChart

MPAndroidChart offers animations, resizing, and dragging along with radar, bar, line, bubble, pie, and candlestick charts. It is a view library for graphs or charts on Android devices.

19. CAMView

It is an Android camera easy-access library with an embedded QR scanner. It possesses a set of components (can be referred to as views) that are set to be put into your layout files. Scanning barcodes, creating five preview feeds, and performing your own camera data processing are some of the functions of this library.

20. Animated Pie View

This Android library has several advantages, such as touch-based alpha animation, text field finalization during animation, the transformation of pie diagrams and ring charts, animation while generating charts, and more. It is an additional approach for displaying pie charts and ring diagrams in Android.

How can DianApps help in your Android Development?

DianApps, a leading Android app development company, builds apps that integrate a variety of Android features. For multi-platform businesses serving a range of business sectors, our team creates Android applications. We offer a wide range of Android services, such as consultancy, mobile app development, and deployment across several platforms. Contact us to discuss the goals of your project and allow us to assist in the growth of your company. 

Which one are you picking?

So, these were the top 20 open-source Android libraries; make sure you check them out. When you use these libraries, you spend far less time and effort creating an Android app from scratch.

Consult us, however, if you have any questions about the procedure for Android app development or if you are unclear about these Android libraries.

Simply fill out the contact form, and one of our sales representatives will get back to you with all of the possible answers to your questions.

Article Source: https://medium.com/@marketing_96275/20-android-libraries-you-should-try-out-in-2023-95fee1ca29f2

According to Statista, the worldwide Blockchain market is expected to grow more than a hundredfold to 163 billion US dollars by 2027. The growing demand for secure mobile applications, simplified business operations, and efficient supply chain management applications is driving the adoption of Blockchain technology in business applications.  

In a nutshell, blockchain is a technology that allows for secure and anonymous transactions. It generates true peer-to-peer transactions and serves two purposes: 

• Securing the data 


• Virtually recording transaction value
  
  

To understand better, let’s discuss this with an example- 

The internet used to deal with intangibles such as sending and receiving mail, as well as reading and distributing articles. Nonetheless, the modern internet operates with assets, your valuable items that can be touched and protected. As a result, these assets are kept encoded on a network-to-network chain, i.e. Blockchain. 

Since its introduction in 2009, Blockchain has created a buzz; the hype surrounding Blockchain has enticed many industries to invest in various Blockchain-based applications. Businesses all over the world are relying on this ever-changing technological shift to transform their current business model into one that is more transparent, secure, and reliable.

SAP, IBM, Samsung, and Maersk have already considered a decentralized ledger system using Blockchain technology. 

This blog will uncover the top 7 Blockchain app ideas that will boost your business in 2022-23.

Okay, then what are we waiting for? Let’s get started! 

What Is Blockchain Technology?

A Blockchain is a decentralized database that is shared among computer network nodes. Blockchain, as a database, stores information electronically in digital form. Blockchain technology is well-known for playing an important role in cryptocurrency systems such as Bitcoin in maintaining a secure and decentralized transaction record. The best part about Blockchain is that it ensures transparency and security of data records while also generating trust without the need for a trusted third party.

What Is Blockchain Technology Used For?

The way the data is structured is what distinguishes Blockchain from other databases. With Blockchain, information is collected in groups known as \"blocks\" that hold sets of data. These blocks have storage capacity, and once filled, they are closed and linked to previously filled blocks, forming a data chain known as a \"blockchain.\" Following the newly added block, the new information is compiled into a newly formed block, which is then added to the chain when it is complete. 

Best Blockchain Application Development Ideas for Business

1. 
   

   Healthcare Blockchain App Development Ideas

Blockchain technology can be used for various development ideas in the healthcare industry. 

a) Telemedicine

The growing trend in healthcare - Telemedicine app development is allowing individuals to access medical treatment from the comfort of their homes. Blockchain software can help in:

• Ensuring patients that their data is kept private


• Safety and speedy payment process


• Guaranteed treatment fees that are true and secure

b) Electronic Health Records

Blockchain-based electronic health records (EHR) can transform the way health data is stored and distributed. Patients would have more control over their health information, sharing it securely with healthcare providers, enhancing data privacy, and boosting security.

c) Clinical Trials

Blockchain can create a secure platform for more efficient and trustworthy clinical trials. Researchers can securely store and exchange data, improving transparency and reducing the risk of fraud.

The Blockchain technology in the healthcare market is expected to be worth $531.19 million by 2021. It is expected to reach $16.30 billion by 2031, increasing at a CAGR of 40.8%. 

2. Entertainment Blockchain App Development Ideas

An app development company can use Blockchain technology to build a plethora of apps for the entertainment sector. Several application concepts for this industry are:

a) Ticketing and Live Events

A blockchain application for entertainment may be developed to provide an open and safe platform for ticketing and live events. With this technology incorporated in your app, tickets would be saved and retrieved by sellers & buyers in a more convenient manner. This will ultimately lower the chances of fraud and gain trust. 

b) Play-to-Earn Games

If you are familiar with trading in NFTs, you must know about Play-to-win games. Cryptocurrencies and NFTs can prove to be a base for such an incentive-based gaming system. Therefore, in order to approach the modern gaming community, businesses can give a shot at P2E NFT games. 

c) Royalty Management

Musicians often face difficulties in getting their fair portion of the business revenue. With a blockchain-based system those artists would be able to receive their payments directly without any middleman.

The global entertainment and media industry is expected to grow at a compound annual growth rate (CAGR) of 6.5% by 2025, reaching $2.2 trillion.

3. Supply Chain Blockchain App Development Ideas

Here are a few suggestions for Blockchain application development for the supply chain management market.

a) Traceability

Blockchain app development solutions can prove useful for developing a tracking solution for the supply chain of goods right from the manufacturing unit to the consumers. Doing so, with allow customers to verify the quality and authenticity of products as well as lowering the chances of selling fake/duplicate products.

b) Inventory Management

Businesses can develop a live inventory tracking system to manage their stock. Thus, inventory managers would be able to minimize the risk of overstocking or stocking out with such solutions.  

c) Smart Contracts

Purchase orders, invoicing, and payments are just a few of the operations in the supply chain that can be automated using smart contracts. This would make transactions faster and more efficient while also getting rid of the need for middlemen and lowering the danger of fraud.

For automating different supply chain processes like 

With a predicted CAGR of 10.9% from 2023 to 2032, the worldwide supply chain management market, which was worth $27.2 billion in 2022, will increase to $75.6 billion by 2032.

4. Education Blockchain App Development Ideas

From managing student data to confirming academic qualifications, Blockchain technology has major potential in the education industry. Let’s look at the perspective development ideas!

a) Record Keeping

A secure, decentralized system for keeping student records might be created using Blockchain technology. This would allow schools to keep a secure record of students’ accomplishments while simultaneously guaranteeing the confidentiality and privacy of student information.

b) Verification of Academic Credentials

A system for confirming academic credentials, such as degrees and certificates, might be created using Blockchain technology. A system like this would provide students more control over their academic records while enabling companies to confirm the legitimacy of academic qualifications.

c) Micro-Credentials

A system for developing and validating small credentials, like badges and certificates, can be created using Blockchain technology. This makes it possible for students to acquire and validate particular abilities and skills while also giving businesses a more realistic picture of a candidate’s skills.

At a CAGR of 5%, it is anticipated that the worldwide education industry will grow to $10 trillion by 2030.

5. Fintech Blockchain App Development Ideas

These are some Blockchain app development concepts for the finance industry.

a) Payment Solutions

Blockchain-based payment systems have the potential to transform the way we conduct transactions. By removing intermediaries and enabling transparency and immutability, such systems would allow quicker, more secure, and more efficient payments.

b) Smart Contracts

It has the potential to automate a wide range of financial operations, including insurance, loans, and asset trading. This would eliminate the need for intermediaries, lowering the risk of fraud while allowing for faster and more efficient transactions.

d) Cybersecurity Applications

A Blockchain-based cybersecurity app can help consumers and organizations protect sensitive data from unauthorized access and defend against cyberattacks, providing technology, crypto exchanges, and infrastructure.

The worldwide fintech industry was valued at around USD 194.1 billion as of 2022 and is predicted to increase at a CAGR of 16.8% between 2023 and 2028 to grow to 492.81 billion dollars by 2028.

6. Tourism Blockchain App Development Ideas

Blockchain technology is a perfect fit for the travel and tourism sector. Travelers can access travel-related information, organize safe and simple trip plans, and discuss their experiences via a tourism Blockchain app.

a) Secure Booking and Payment Processing

A Blockchain application can offer a safe and open platform for processing payments and arranging travel reservations. Travelers feel secure knowing that their money and personal information are protected by using a Blockchain.

b) Reviews and Recommendations

A Blockchain app can provide a secure and transparent forum for passengers to share their insights and provide recommendations. It can also use machine learning algorithms to tailor suggestions based on user interests and prior experiences.

c) Sustainable Tourism

A Blockchain app can help promote sustainable tourism by providing travelers with access to information and rewarding them for engaging in sustainable practices, such as reducing their carbon footprint or supporting local communities.

The Global Tourism market is expected to reach $11.4 trillion by 2028.

Benefits of Blockchain for Your Business

1. Better Transparency 

Without Blockchain, every company would have to maintain its own database. Because Blockchain is an open ledger, transactions, and data are kept separate. Everyone who has concurrent access to permit information ensures complete transparency. Every transaction bears a date and time stamp.

2. Accurate Practicality

Businesses can use Blockchain technology to focus on developing an effective supply chain with suppliers and vendors. We are witnessing a more transparent supply chain than ever before. This technology allows all supply chain parties to track commodities and ensure that they are not being reused or exploited. 

3. Increases Security

Another advantage of Blockchain is the security of systems. The working mechanism of Blockchain technology adds another layer of security. End-to-end encryption is used on the Blockchain to create an unbreakable record of transactions. It also protects against fraud and misconduct. 

4. Individual Data Control

Individuals now have unprecedented control over their data thanks to blockchain technology. As a valuable asset, it automatically ensures that your data is protected. Moreover, it gives you control over the data. 

5. Fastened Process

When compared to traditional methods, transaction processing is now much easier and faster. All credit goes to Blockchain technology, which in some cases can complete transactions in as little as a few minutes. However, time frames can vary depending on the Blockchain system. It becomes easier for you once you eliminate intermediaries.

Final Thoughts

Blockchain technology is a game changer for businesses in a variety of industries. If you believe your company can benefit from Blockchain technology, you should consider investing in it after conducting extensive research on the aforementioned topics. Because the market is new, it is simple to find a niche and achieve excellent results. 

To bring your Blockchain app idea to life, you may need to hire a blockchain development company with exceptional knowledge and expertise in that field. DianApps\' app development team has extensive experience in emerging technologies such as AI, AR, and VR, and they offer solid blockchain development services to help you expand your decentralized journey. 

Article Source: https://medium.com/@marketing_96275/top-7-blockchain-app-development-ideas-to-boost-your-business-dd9f29e57d03