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Future of Mobile App Development – Trends to Lookout in 2021

Permalink - Posted on 2021-11-26 10:30

Enterprises are constantly on the search for cutting-edge technological developments in order to stay competitive, and mobile app development stands on top of the trends. The opportunity for mobile application development is tremendous.

At the moment, technology is limitless. Furthermore, the web is now accessible even in the most secluded and the remotest regions.

According to one survey, the average smartphone user opens around ten applications every day.

As of 2021, there are over 7.3 billion app users globally. Most smartphone users have between 35 and 50 applications loaded on their devices. They remove some of those due to performance concerns.

However, this has not slowed the industry’s rise. Global app revenue is predicted to reach over $821 billion in 2022, up from around $592 billion in 2020.

Global app revenue

As a result of the increase in these statistics, an increasing number of startups and organizations are rising to build mobile application solutions for their businesses.

Moreover, this heightened rivalry in the mobile application development sector. Thus, designing a simple app with common functionality will not distinguish your app.

To keep ahead of the game, as most businesses do, you should begin adopting new technology trends.

Prior to that, you should familiarize yourself with upcoming mobile app development trends and technologies in order to build an efficient app development plan. This will almost certainly result in successful application development.

 

Why Is Mobile App Development Preferable to Other Technologies?

Increased Customization

Personalization seeks to provide users with customized messages depending on their preferences, location, and usage behavior, among other factors.

It’s simple to provide a tailored experience for users using mobile applications. Also, you may experiment with different consumer experiences by utilizing an A/B testing tool for mobile apps.

Mobile Application DevelopmentMobile applications can allow users to select their preferences from the start, which can then be used to offer them personalized content.

Further, apps may measure client interaction and use it to provide customers with personalized recommendations and updates. They may detect the users’ real-time position in order to deliver geo-specific content.

Push Notifications

Notifications are a built-in feature of mobile apps. They allow you to deliver messages to people who have the application loaded on their system.

As a result, businesses now have the ability to communicate directly with users. The ability to deliver notifications is one of the primary reasons that many organizations desire a mobile application in the first place.

The Utilization of Mobile Features

It’s really simple to access the camera mobile app, contact list, and make phone calls using the mobile app. It will enhance the user experience by making it more engaging and enjoyable.

Additionally, it minimizes the work required by consumers. Device features may significantly reduce the time it takes users to complete a task in your app and can even increase conversions.

No Internet Connection Is Required

Another major advantage of mobile is their ability to be used online and offline apps because the applications are downloaded on a smartphone, they will continue to provide material and functions even if the device is not connected to the internet.

The app saves data locally and then uploads it whenever a connection is established.

 offline App development cost

Read Also:- How to Develop an Online Mobile App and Available It Offline

 

A User-Friendly Ecosystem

Mobile applications are more popular than web pages, owing to their user-friendliness. Mobile applications provide a superior user experience, load material more quickly, and are extremely easy to use.

Apps enable users to do tasks more efficiently through the use of gestures. In comparison to the website, it is really straightforward to browse.

Speedy

A well-designed application may do things considerably more quickly than a website can. Because applications often save information directly on smartphones, data is seldom extinct in applications.

It assists consumers in saving time by storing their preferences and utilizing them on their behalf moving forward.

Websites are written in javascript development, which explains why mobile applications may execute nearly five times as fast as websites.

 

Brand Presence

Mobile usage is far higher than that of any other device. Thus, on average, a user spends nearly every day on their device’s loaded apps. This everyday practice is a chance for applications to create a brand for themselves.

Even if a user is not actively using the app, they are notified of the brand linked with it. The app’s symbol serves as a type of brand marketing, subtly influencing the user’s opinion of the company.

 

how to create an app

 

Which Are The Fastest-Growing Mobile Applications?

Fastest Growing Mobile ApplicationsThe COVID-19 has altered people’s mobile application usage habits. To a certain extent, it has boosted the number of people who use some specific apps. The following are some of the most quickly expanding mobile applications that carry immense growth potential in the near future:

  • Snapchat
  • Google Fit
  • Zoom
  • Spotify
  • Telegram

 

Future Trends & Technologies in Mobile Application Development

Internet of Things and Cloud Integration

IoT is a technology that has become a buzzword in recent years. There are several ways in which IoT and cloud computing may revolutionize mobile application development.

Internet of Things Technologies

Global IoT investment is expected to reach $1.1 trillion by 2023, with the industry segmented into many verticals like wearables, household appliances, and self-driving automobiles.

Internet of Things IoT

image source: statista.com

IoT and cloud-enabled mobile apps are set to become a significant trend in the next few years due to their ability to manage redundant data and link various devices in real-time.

Apps must get more sophisticated in the future. They would need to connect with you in the same manner that IoT devices do. The cloud’s capacity to link numerous items via APIs will also be critical for mobile application development in the future.

 

Role of Augmented and Virtual Reality

According to Statista, the augmented reality/virtual reality industry is expected to reach $209 billion by 2022. By 2020, the mobile application development business has gained familiarity with Virtual Reality (VR) and Augmented Reality.

These capabilities will evolve to a point where they will play a significant role in the development of online gaming mobile applications.

Numerous virtual reality-based games and applications, such as Pokemon Go, Google Cardboard, Sky Siege, and Samsung Gear VR, have become show-stoppers in the worldwide gaming and entertainment industries.

As a result, the VR/AR technologies used in mobile app development are rapidly improving performance and functionality.

Both innovations will undoubtedly enhance the way developers create gaming applications, travel applications, and live broadcasting applications in the future.

 

Future Mobile Apps Will Feature Artificial Intelligence

Individuals utilize mobile devices for a variety of activities, including gaming and leisure. Artificial Intelligence, which will eventually power all applications, has practically everything. By 2023, the global AI industry is expected to generate $165 billion in sales.

Artificial Intelligence Technology

In the future, the majority of AI applications will be produced utilizing statistical analysis and modeling algorithms. This enables mobile app developers to provide a more customized experience for their users, allowing applications to perform activities like evaluating user behavior and alerting users to any suspected risks or data breaches.

Artificial Intelligence Technology benefit

image source:- statista.com

AI in mobile application development will assist in accomplishing the objective of real-time dialogue translation. The applications will get smarter and will assist you in analyzing user behavior. AI in mobile apps is reshaping the landscape of technology and elevating mobile application development to new heights.

The rising use of AI innovation in the context of mobile application development has demonstrated that this technology may significantly increase overall user engagement with the mobile application.

 

Read Also:- How Artificial Intelligence is Transforming the Future of Healthcare

 

Swift: The Future of Mobile Application Development

Swift will play a larger part in future mobile application development. It seems that it has become a component of future mobile trends that aim to boost the pace of app production while lowering total mobile app development costs.

Swift is utilized by 7.1 percent of respondents globally to create iOS applications and includes several jaw-dropping capabilities that programmers who use other languages haven’t used.

Swift’s biggest feature is its Interactive Playgrounds, which allow you to edit any code without recompiling or resolving mistakes.

Additionally, Swift’s inference types and automatic memory management are standout benefits for mobile application development. Compatibility between the Objective-C and Swift programming languages is also supported.

As a result, developers no longer need to rebuild Objective-C apps specifically for Apple’s iPhones and iPads.

 

Development Across Multiple Platforms

In the future, mobile apps will be produced on cross platforms, which means they will be compatible with a variety of mobile operating systems, including Android, Windows, and iOS.

Cross-platform mobile application development entails creating the program on a specific platform or in a specific environment and then distributing it to a variety of native platforms.

Today’s developers must design applications that operate on a variety of mobile devices; this necessitates the use of cross-platform development tools.

Cross-Platform development tools are critical in the sector of mobile application development. They will continue to play a larger part in the development process, assisting in app development cost reduction and application development efficiency.

 

5G Technology

As per IHSEconomics, 5G technology would generate $12.3 trillion in revenue globally. The perks of 5G technology for your application include increased speed, which helps retain mobile app users, quick data transmission, reduced latency, and a fantastic user experience.

5G Technology

As you know about the benefits of 5G for your application, this breakthrough will usher in a new era for mobile devices. Mobile application development may use this technology in a variety of sectors, including AR/VR, smart buildings, IoT, distribution networks, and transportation.

 

Blockchain

According to projections, worldwide blockchain income would increase by around $39 billion by 2025. Solutions for blockchain integration will fundamentally alter the way applications are created and delivered.

Traditionally, blockchain technology was renowned for its ability to ensure the stability of all cryptocurrencies. It is now employed as a database that can be used for practically any type of software, including banking, retail, and health.

 

Blockchain technology

It is a decentralized record that facilitates the tracking of transactions between several parties and is accessible to all stakeholders. This contributes to system transparency and app security by preventing fraudulent transactions and prohibiting modifications to processes when users are aware of them.

Also, this technique is optimal for peer-to-peer transactions. This enables it to retain a consistent and unique track of transactions based on the app’s requirements.

From an IT perspective, blockchain is critical for businesses app ideas and must be linked with other back-end architectures for optimal performance.

 

Wearables

As per Statista, the Wearables category is expected to produce revenue of US$18,984 million in 2020 and a customer base of around 441.5 billion. Whether it’s a Fitbit or an Apple Watch, these Internet of Things gadgets have their own market. Although they are IoT-enabled devices, they have distinct use cases.

Wearables technologyFrom supplying healthcare statistics to key physiological data for daily living, the inclusion of wearable gears is critical. While we have included IoT in our list, wearables have their own set of applications and client base.

Wearables provide greater efficiency in day-to-day tasks. And by integrating these gadgets into mobile app development ideas, your app may provide ease to your customer’s life.

 

Native vs Hybrid App vs Cross-Platform Apps: Which One To Choose?

It’s tough to choose between native, cross-platform, or hybrid, but based on a few characteristics and the relative qualities of each aspect, you can simply determine which is the superior native, hybrid, or cross-platform application development.

Performance

If the question is about offering the best performance to consumers and weighing the benefits of cross-platform vs native vs hybrid app development, adopting a native mobile app development methodology is the prudent choice.

Native Android application development allows you to easily explore next-generation smartphone technologies such as dynamic memory, network, and access points, and so on for the purpose of enhancing service delivery and ultimately app performance.

Winner: Native app development

Costs of Development

Every startup business’s first issue is budget; they seek a great but contemporary app development cost that can be designed within their allocated budget. In this instance, a startup on a shoestring budget will be unable to develop a native app.

mobile app development cost

Cross-platform application development is the best option since it enables programmers to generate a single source file that could be translated into the required OS-based application. Furthermore, cross-platform application development requires far less labor and resources.

Winner: Cross-Platform App Development

 

Read Also:- How Much Does Mobile App Development Cost in 2022?

 

Application Security

In today’s world, business owners prioritize application security to preserve their company’s and customers’ data. For businesses that deal with customers’ sensitive information, app security must be a key focus. A brand’s reputation can be severely damaged by breaching security and user’s confidential information, making it imperative to provide bug-free software.

In relation to security, native applications outperform hybrid apps and cross-platform apps. Native apps provide a slew of built-in security protections. These technologies enable developers to easily integrate file encryption, sophisticated fraud detection across key OS libraries and assure the highest level of security in their programs.

Winner: Native App Development

Customization & User Experience

95% of mobile app users report that they are more inclined to continue purchasing if they have a positive user experience. Nowadays buyers have higher hopes from brands, and the first point they want from a brand is a great user interface across their app journey. This demonstrates that the user engagement rate is entirely dependent on UI and UX mobile applications.

UI and UX mobile applications

Image source:-interaction design

Businesses must focus on providing customization, customization, and enhanced usability. When comparing native vs cross-platform vs hybrid app development, native applications provide superior UI possibilities due to their pre-built frameworks and UI elements that are fully customizable.

Thus, native application development is the greatest option in terms of flexibility and user experience.

Winner: Native App Development

Whether you choose native, hybrid or cross-platform apps is entirely up to you and your business’s particular requirements. To design a solid but modern-age app, organizations must first ascertain their objectives and then investigate the most appropriate development platform for meeting those criteria.

When weighing the benefits and drawbacks of native versus hybrid vs cross-platform development, it’s important to keep the broader picture in mind and comprehend your application’s objectives.

 

Hire app development team

 

Conclusion

Mobile application development is thriving in the same manner that established tech verticals did in the past. We may use historical examples to forecast the future of mobile application development or what is yet to come.

We could predict that the advent of mobile application development will be bright and markedly different from current technology. This will enable developers and organizations to change things for the better by offering people high-quality, innovative solutions.

Businesses may use these emerging technologies by incorporating them into mobile application development. There are billions of applications accessible on the play store, the app store, and a variety of other platforms.

The above-mentioned technologies and future trends may be utilized to differentiate and enhance your application.

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The post Future of Mobile App Development – Trends to Lookout in 2021 first appeared on .


Best Free Face Swapping App – FaceApp Alternative

Permalink - Posted on 2021-11-23 06:52

Using photo editing applications like FaceApp, people are sharing photographs of themselves today and in their future versions. Technically, FaceApp is an artificial intelligence-powered picture and video alteration and photo editing application developed by Wireless Lab, a Russian business.

This fantastic application is well-known for its ability to produce very realistic transformations of human faces with the use of a neural framework.

Face Swapping App development

Within a short period of time, the app has now become a popular photo alteration tool, allowing individuals to make themselves appear younger or older in images. Moreover, individuals can experiment with other characteristics like tattoos, haircuts, beards, or even gender reversal. That seems intriguing, doesn’t it?

But, FaceApp is not the only application that lets users experiment with different filters and functionalities. In this blog, we’ll examine the top FaceApp alternatives that may help you create amazingly stylish and trendy images and videos.

 

Is it Safe to Use Face Swapping Apps?

While face-swapping applications are a lot of fun, some of you might question, are they safe? Following the rapid rise in popularity of the Russian application FaceApp in the past few years, concerns about the application’s use of the data it acquired immediately appeared. Moreover, consumers intended to know who might have control of data and how their personal details might be removed.

Concerns were expressed that the FaceApp could be utilizing the provided photographs to develop artificial intelligence for facial recognition. FaceApp CEO Yaroslav Goncharov defended his application, stating that it only uploads photographs picked by the user for alteration and that the majority of these pictures are wiped from the databases within 48 hours.

Also, he dismissed accusations that the application was misusing data for harmful purposes, such as exchanging it with the Russian government, and stated that users had the right to demand that their data be wiped from FaceApp servers.

The ultimate point is that experts agree that FaceApp’s existing privacy policy is acceptable, and the risks associated with installing and using the application are minimal. The same holds true for all of the alternative applications on our list.

 

Best Alternatives to FaceApp

Name of the app Features Play Store Link App Store Link
Reface
  • Using the face editor
  • Daily face swaps with fresh videos and gifs.
  • 4.6 Star Rating
Meitu
  • AI technology recognizes facial traits
  • cloud-based service
  • 4.3 Star Rating
Oldify
  • Instantly modifies
  • Augmented Reality technology.
  • 4.3 Star Rating
AgingBooth
  • Works without an online connection.
  • Auto-cropping
Gradient
  • Share pictures among family
  • Doppelgänger feature
  • Impressive collages

 

Reface

Reface app

Reface is an excellent face changing application with a ton of resources. It enables you to incorporate your face into virtually any image, from movie posters and historical images to memes and animated GIFs. It’s all executed in a quite realistic fashion, so you’re sure to astonish your peers.  To begin using the application, simply take a photo and submit it.

Have you ever wondered what you’d look like with an African hairstyle? This application can assuage your curiosity. The only downside is that Reface is only available for 3 days trial after that, you are required to pay to continue using the application. The Pro edition enables you to post your own videos, removes advertisements, and features fresh content daily.

develop app like reface

For a total of 30 days, facial characteristics are retained on the application’s servers. Nevertheless, the data that may be used to identify users is deleted 24 hours after the photo is edited. Also, Reface provides the option to “Erase my personal info.”

The Reface App’s Features

  • It’s simple to change your appearance to that of celebrities or Hollywood characters.
  • Using the face editor, you may change your face with cartoons.
  • Daily face swaps with fresh videos and gifs.
  • It’s simple to publish face-swapped footage or hilarious memes on social networking sites through GIFs or video clips.

 

Read Also:- How much does it Cost To Develop a Face Swap App Like Reface

 

Meitu

Meitu app

Meitu is a free application similar to FaceApp with over 1 million downloads in China. It’s one of the finest FaceApp replacements. This picture editing tool features an attractive UI/UX design and stunning filters that instantly enhance the appearance of the photograph, similar to the FaceApp Hollywood effect. Moreover, a user may personalize their bodily characteristics and has Snapchat-like features of expanding their eyes, which creates the illusion of coming out of an anime.

Face Swapping App development

Meitu App Features

  • When using the application to take a selfie, AI technology recognizes facial traits and adds charming animated graphics or hand-drawn elements to the face.
  • The app utilizes a cloud-based service with intelligent customer support, while simultaneously gathering and preserving massive amounts of data in real-time.
  • Meitu’s unique M-Face recognition analyzes every element of the user’s face to do exact retouching.
  • Provides a variety of image-altering features, including framing, typography, blurring, magical brush, and auto-enhance.

 

Oldify

Oldify app

If you’re looking for a FaceApp replacement, you should consider Oldify. Oldify is one of a range of applications developed by Apptly. This application creates augmented reality-based technology to turn a face appear older, give a mustache to a face, or turn a face into that of a vampire.

Oldify is perhaps the top app for creating an aged appearance. This application is unquestionably superior to FaceApp, as Oldify features a plethora of filters and easy-to-use navigation, as well as a far larger collection of vintage photographs to work with.

Furthermore, the app utilizes incredible motion graphics and allows users to film themselves sneezing and yawning like an elderly person.

 Face Swapping App development cost

The Oldify App’s Features

  • The tool instantly modifies the user’s look using live video filters such as a vampire, astronauts, or pandas.
  • Subtle filters such as adding a beard to a face or creating a tiger mask are also achievable with Augmented Reality technology.
  • The application’s algorithms are thoroughly tuned for optimum efficiency on both new and legacy devices.

Hire Photo editing mobile app developer

 

AgingBooth

AgingBooth appWho knows what you’ll look like when you’re old? AgingBooth mobile application is one of the most downloaded applications comparable to FaceApp, which features an incredible face aging feature that immediately ages images of your face. If you’re looking for a Faceapp replacement, you should definitely check out AgingBooth.

According to Sensor Tower statistics, AgingBooth was downloaded over 2.2 million times on iOS app alone in the recent few weeks. This application was developed in 2010 and ranks #2 in the App Store while #40 in the Google Play Store.

mobile app development

The intriguing aspect of the AgingBooth application is that, like FaceApp, it makes aging images in a very realistic manner. There are no obvious stickers or other artificial flaws. The process of creating an aged photograph is rather straightforward. Simply download the app and hit the “START” button.

You may select photographs from your device, take a photo with your camera, or import pictures from Facebook. The software processes the photograph in a few seconds and allows you to modify the eye, jaw, and lip. That is all. In a few seconds, you’ll have a portrait of yourself from the year 2051.

AgingBooth’s Features

  • The app works without an online connection.
  • It has an auto-cropping and face identification tool that enables users to select from a large number of images.
  • Includes simple and rapid social media sharing options.

 

Microsoft’s Face Swap

Unlike some of the other applications we’ve seen so far that allow you to swap faces with other individuals or images from your camera roll, Microsoft’s Face Switch app allows you to swap your face with nearly anything. Yes, practically anything.

 

Microsoft Face Swap development

Create a fresh image, tweak it somewhat, and then use keywords to locate an image on the Internet from which you may substitute the face with your own. A superstar, a creature, an astronaut, or simply a wall might be the subject. It adapts the skin tone and texture dynamically to the surrounding environment. If it is not perfectly aligned, we can move and enlarge the face to accommodate the frame.

Microsoft’s Face Swap features

  • Light leaks may add an aesthetic touch to your photographs.
  • Using a mask, highlight any portion of your image in various forms.
  • It enables the addition of the same face to a photograph numerous times.
  • Regular face analysis and aging projections are available.

 

Cupace

Cupace appCupace is an excellent and simple-to-use photo editing tool that features a convenient function called Paste Face that enables you to easily paste the face of anyone in an image on top of another person’s face. Cupace is proficient in automatically extracting faces from any picture, which might be useful even if you decide not to proceed with a face swap and instead add the face to any nonliving object.

To simplify the procedure, the software allows you to zoom into the photo, ensuring that your facial shape is as precise as possible. Once the face is trimmed, it is kept in the application, where it may be pasted on numerous photographs. Cupace asserts on its privacy page that the application does not gather any personally identifying user information.

 

app development like Cupace

 

Features of Cupace

  • It enables users to copy and paste a face from an image.
  • The app’s Face Gallery stores all edited faces.
  • It has a magnifying lens for fine cropping.
  • It enables users to combine many faces into a single picture.
  • Includes simple and rapid social media sharing options.

 

Face Swap Live

Face Swap Live appThis New York-based application enables users to instantly swap faces with their buddies in real-time! Users may begin filming videos with their friends and the software will take care of the switching automatically. Additionally, users can substitute their faces with those of celebrities and other well-known figures. They may change faces in images in a matter of seconds to become their favorite star.

It is one of the best FaceApp replacements available on the market today. Due to the fact that this software uses the camera’s video feed to change the user’s visage in real-time, there is no reason to use static photographs. In 2016, the app was recognized as the second best-selling paid app on the App Store.

 

 Face Swapping App cost

 

Features of Face Swap Live

  • It allows users to switch faces by utilizing locally saved images on their phones.
  • Comes features a Costume mode in which users may choose from a variety of hats, spectacles, and other accessories to create a distinctive appearance.
  • Comes with a selection of 3D filters and effects.
  • Allow people to play with both moving and static graphics.

 

Snapchat

Snapchat app

Snapchat is perhaps the most popular app for swapping faces with pals using a basic filter. Because Snapchat is more than a face swap application, accessing it unlocks a slew of extra functionality and Snapchat tricks, and even if you’re not a fan of the platform’s trends, its facial filters are actually rather fantastic.

As a result, it is among the most flexible face swap applications available right now.

 

Snapchat app development Cost

 

Unlike other applications that provide merely a face swap filter, however, applying Snapchat’s face switch filter requires some research. If the filter is not visible in the camera mobile app UI, navigate to the Explore area, search for ‘Face swap,’ and add it to your Favorites.

There are various filters available on the application, but we can guarantee that this one is the best. Not only would it work well, but the photographs captured with the face swap filter on Snapchat could be instantaneously shared with your peers.

Snapchat’s features

  • Allow people to switch their faces in real-time.
  • Includes a slew of fantastic picture filters.
  • It enables users to explore their collection of photos and switch faces.
  • Includes simple and rapid social media sharing options.

 

InkHunter

InkHunter app

If someone is unsure how the tattoo will seem on their body part, this application is for them. This application allows the user to take a photo of the augmented reality tattoo and see it before it is permanently tattooed. This is one of the greatest FaceApp alternatives since it features a broad collection of sketches and the ability for users to submit their own artistic creations to reference how the final result will appear.

 

InkHunter app development

 

Features of the InkHunter App

  • The app is capable of depicting a tattoo on any portion of the body from various perspectives.
  • With the help of an advanced picture editor, the tattoos appear to be real.
  • Further, the software has an adaptable custom sketch uploader, the option to delete photographs from the album, and tattoo gallery search tools.

 

Face Blender

Face Blender appFace Blender is a comical self-portrait maker tool that allows you to mix your face into an image. The UI of the application is basic, and you won’t have to waste time figuring out how to use the controls. Simply choose a photo and select a template to mix your face onto. More than a hundred templates are included in the application, ranging from astronaut to athlete.

Face Blender app development

 

The application identifies the face and automatically changes the angle and position of your face to match the frame. If the templates are insufficient, you may construct your own face swaps by importing an image from the Gallery application. Face Blender is available for free on the Google Play Store.

Features of Face Blender

  • Add a finishing touch to your favorite photograph with the help of innovative photo frames.
  • Embed your image in an unusual context with ease.
  • Change your appearance instantly and transform into a favorite celebrity.
  • Add lighting, increase color, and contrast effortlessly.

 

hire app development team

 

Wrapping up

The majority of the Face Swap applications listed above employ artificial intelligence to provide extremely exact and accurate outcomes. As a result, they are gaining popularity among individuals of various ages.

If you intend to design a face swap and editing application, you should begin immediately by contacting a reputable mobile application development firm with skill and experience in developing such applications. These applications provide a wealth of entertainment value and even assist users in engaging their social media followers through such posts.

 

Frequently Asked Questions

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The post Best Free Face Swapping App – FaceApp Alternative first appeared on .


How Does Venmo Make Money? Venmo Business Model

Permalink - Posted on 2021-11-15 11:16

Venmo is one of the groundbreaking payment applications that have disrupted the fintech space. It has changed the way fiscal transactions take place in the digitized realm of services.

Venmo makes peer-to-peer device-based payment highly secure and fast. It allows users to share bills, transfer funds, request money or even become friends with others through its social component.

Not only that, but it has also established itself as the most preferred mobile payment service for merchant websites.

 

What Is Venmo & How Does It Work?

Venmo is a mobile P2P payment application that enables users to send and receive money. Moreover, the app enables users to pay at specified shops, divide costs with one another (for example, when dining out), or just communicate with one another.

Venmo app development

image source: Paypal

 

 

Founders Founded on Headquarter Total Revenue Parent Company
Iqram Magdon-Ismail, Andrew Kortina 2009 New York, USA $900 million Paypal

To initiate a financial transfer, both parties must register as users on the platform. Venmo offers a similar vibe to Facebook Messenger, enabling users to communicate and exchange emoticons.

The user’s bank account or debit/credit card is linked to the digital wallet app. This enables them to move funds between Venmo accounts.

At the moment, Venmo may be used only by those who have a bank account or credit/debit card issued by an American financial institution.

Merchants may connect with Venmo to receive payments via the application. Merchants only need to make a change to their existing PayPal Checkout settings and add Venmo as an additional payment option.

Finally, Venmo connects a debit card to the application. The card enables users to make transactions in the real world, such as in coffee shops and supermarkets.

Also, customers may get salaries through the connected bank and earn cash back at participating merchants.

Venmo Account Balance

Venmo balance refers to the funds that you hold and manage to make payments online to other mobile wallet applications or businesses. You may fund your Venmo account with funds from a confirmed bank account, which takes at least three business days to complete.

payment app like Venmo

Image source: Venmo

 

Venmo enables you to send money to other Venmo subscribers even if you do not have money in your Venmo balance, because such transactions can be paid directly by the customer’s bank account.

If you ever require an immediate money transfer to your Venmo balance, the best course of action is to request funds from your Venmo buddies.

Venmo MasterCard or Debit Card

Venmo began offering its members a real debit card in 2018. In many aspects, it resembles a typical bank debit card. The Venmo debit card is accepted everywhere MasterCard is accepted and has a daily withdrawal limit of $400. It is free to use Venmo MasterCard at MoneyPass ATMs.

wallet app developmentBy default, the Venmo balance is used to finance debit card transactions. If the Venmo balance is inadequate for a transaction, users can utilize the debit card’s reloading option.

If this option is set, it will attempt to cover the remaining amount of your transaction by directly debiting funds from the bank account.

Venmo Credit Card

Venmo users may apply immediately from the app for a customized credit card. Without even an annual fee, a Venmo credit card enables one to make contactless transactions and earn extra points, and cashback on practically every payment.

Customers can check credit card purchases, cashback/rewards, transaction splits with Venmo buddies, and even set up Autopay directly from the application.

Further, the Venmo card includes an integrated QR code that enables customers to settle financial transactions with their friends from any location.

Venmo for Business

Venmo may be simply integrated into a business’s preexisting payment system to take payments from consumers. To do this, merchants just need to create a Venmo business Idea profile that is distinct from their profile but connected to their current account.

 

Read Also:- Cost to Develop EWallet App Like Paytm?

 

Market Statistics Of Venmo

  • Over 9 million Venmo users are between the ages of 18 and 30.
  • Venmo will have over 60 million active accounts by 2021.
  • Venmo is used by 18% of Americans for P2P transactions.
  • In 2020, Venmo handled about $175 billion in total payments.
  • Venmo’s average transaction value is $60.
Amazing Statistics Of Venmo

Source: statista.com

 

Why Venmo Is Popular?

  1. Unlike its competition, Venmo does not charge users for sending or receiving money, while credit card transactions are charged.
  2. Venmo is a popular money-splitting app among millennials. For instance, housemates can split the rent and pay their respective portions to the landlord using Venmo.
  3. Users can make payments even if their Venmo balances are insufficient since the shortfall amounts are deducted from the main funding source, such as a bank account, a credit, or debit card.
  4. Payments may be made to individuals who do not use Venmo, but the receiver must join up to receive money.
  5. The “Nearby Payment” feature enables payments to individuals who are not members of the user’s friend group, provided they are geographically close.
  6. A “trust” function enables customers to set up automatic payments for recurrent costs such as their monthly rent split.

 

how does venmo make money business model

Source: garyfox.co

How To Send Or Receive Money On Venmo?

Venmo is a widely used and simply accessible application on a worldwide scale. The following are the processes for sending or receiving money:

  • To transfer funds, click on the circular symbol located in the app’s bottom right corner.
  • Select the person/contact to whom you wish to make payment.
  • Enter the appropriate amount and indicate if you are paying or seeking money from them.
  • A little above the payment tab is a button that indicates who can evaluate the transaction’s reasoning.
  • Select your preferred option. Later on, the transaction will be completely obscured from view in the timeline.
wallet app development cost

Image source: Venmo

 

Business Model of Venmo App

The concept of payment services app development seems exciting. Because Venmo focuses exclusively on transaction delivery and not on other commodities, they do not need to seek alternate revenue streams. Maybe that’s why they have not yet begun advertising.

Venmo’s future appears to be in partnership with an increasing number of retailers and delivery applications to compete against industry titans like Android Pay and Apple Pay. 

Online payment methods have only grown in popularity in recent years.  Furthermore, e-commerce business is at an all-time high, with no sign of a slowdown in the number of individuals purchasing online.

While they cannot charge users for transaction convenience, platforms like Venmo generate revenue by negotiating fees with merchants.

 

How Does Venmo Make Money?

Venmo generates revenue through its Pay With Venmo functionality, Instant Transactions, exchange and deposit fees, cryptocurrencies premiums and fees, etc. Let’s take a closer look at each of these revenue streams in further detail below:

Pay With Venmo

Pay With Venmo enables customers to make purchases employing their Venmo account at certain merchant partners. Partnerships include Foot Locker, Forever21, and Urban Outfitters, etc.

When consumers make a payment at any of these selected merchants, a charge is added to the total amount of the order. Venmo charges businesses 1.9 percent of the total transaction value plus $0.10 for each transaction.  The price structure is consistent with what gateways like VISA or Mastercard charge.

ewallet app development

Image source: Venmo

Merchants are eager to pay the charge since it expands their client base. Traditional banks are frequently not connected with modern-day applications, leaving Venmo as the sole payment option in some circumstances.

Moreover, users’ transactions will be accessible in Venmo’s social stream. This increases retailers’ visibility and can serve as a beneficial marketing avenue.

Venmo users objected in June 2021 against modifications that would add a “goods and services” label to payments made to other individual accounts.

While this enabled consumers to participate in Venmo’s buyer protection service, it also imposed costs on individuals carrying side hustles that had not yet been designated as companies.

Instant Transfers

Venmo stated in 2019 that it will let customers instantaneously transfer money to their bank accounts. Normally, it takes between one and three business days to make a withdrawal from a Venmo wallet and transfer it to another bank.

Venmo levies a 1.5 percent fee on all transactions. The smallest cost is $0.25, while the highest is $15. The funds are reflected in the user’s savings account within an hour.

 

Fees for Exchange and Withdrawal

Since 2018, Venmo has offered its Mastercard-branded card to all account holders. The card enables users to make in-person transactions and pay without their Venmo balance.

By connecting their card to the application, users may pay for supper with their MasterCard and then choose to divide the price with friends.

Further, if enabled, card transactions will appear on the user’s social stream. Similar to Pay With Venmo, this may be used as another route for businesses to sell themselves.

Venmo earns money from the card through interchange fees charged to retailers. These costs are very certainly shared between Venmo and Mastercard.

Also, consumers must pay a $2.50 Local Withdrawal Fee and a $3.00 International Withdrawal Fee when withdrawing cash.

 

Cash a Check

Venmo launched the ‘Cash a Check’ service in January 2021 for a limited number of its US members. It enables customers to cash checks online using the Venmo network, as opposed to visiting a check-cashing business.

To use this feature, consumers must have Direct Deposit activated or have a Venmo debit card. To begin, the user inputs the amount in the Cash a Check tab of the ‘Manage Balance’ menu choice. Then, snap the check and submit it for approval.

If the request is granted, they will be required to provide another image of the check, this time with the word ‘void’ printed across the front. The final approval page will validate the entire amount charged to the account.

A $5 minimum charge per check is required, with a normal 1% fee on federal and salary checks and 5% on all other checks.

 

Cashback

The debit card offers Venmo users the opportunity to earn various cashback benefits at specified businesses. Chevron, Papa John’s, Target, and Dunkin’ Donuts are just a few examples of Venmo partners.

Cashback schemes credit the customer’s account with a portion of the total purchase price. This incentivizes customers to patronize these merchants. The partner then pays a commission to Venmo for recommending the consumer.

Venmo’s profit margin on each purchase is determined by the overall volume of transactions as well as the terms of payment between Venmo and the business.

 

Read Also:- How Do Free Apps Make Money in 2022?

 

Cryptocurrency Transaction Fees

Venmo launched the opportunity to buy and sell cryptocurrencies on its platform in June 2021. Residents of the United States can now trade using four different currencies: Bitcoin, BTC, Ethereum, and LTC.

money app development

image source:-Paypal

Venmo earns money on its cryptocurrency offering through spread and transaction fees. The spread is determined by market factors, such as the US Dollar’s strength.

Further, Venmo levies a transaction fee for each purchase or sale. Venmo’s costs are roughly comparable to those charged by other big cryptocurrency exchanges like Binance or FTX.

 

Is Venmo Safe?

With all of the monetary operations shown publicly on Venmo’s social media page, some users might wonder if Venmo is safe.

To be sure, the choice to have the activity displayed in the social stream is entirely optional. Users can entirely disable it if they so want. The mobile wallet app development team of Venmo promises to take all reasonable safeguards and security measures in connection with all of its transactions.

Is Venmo Safe

Venmo users are protected from illegal transactions through the implementation of bank-level security.

Venmo, on the other hand, disclaims responsibility for unintentional payments to unintended recipients. Those funds cannot be recouped.

It has enhanced its security features by allowing customers to generate their PINs for transactions.

 

What are the Competitors and Alternative Of Venmo?

Braintree Payments

Braintree Payment app development

Braintree Payments, among the most popular Venmo competitors, is a web-based transaction system that serves both personal and commercial customers.

This digital payment platform is especially advantageous for enterprises since it has a plethora of security and reporting capabilities that SMEs and large organizations may utilize.

The software is equipped with a web dashboard and a mobile app for sending and receiving payments. It supports a variety of payment options, namely PayPal, Apple Pay, and GPay.

This adaptability is advantageous if you are utilizing eCommerce software.

XE Money Transfer

XE Money Transfer app development

 

XE Money Transfer began as a platform for exchanging currency information and has grown into one of the most dependable Venmo alternatives. Money transfers are completely free on this site. You may transfer funds to over 130 countries at rates that are cheaper than what banks give.

Businesses can also benefit from the advantages of XE Money Transfer. Apart from enabling foreign payments, the platform’s API capabilities enable you to incorporate the system for bulk payment processing and delivery.

You’ll be able to completely modify the application to match your brand. Furthermore, XE Money Transfer does not impose fees for money transfers or currency exchange operations.

ACE Money Transfer

ACE Money Transfer app development

ACE Money Transfer portal is available 24 x 7 for money transactions. The program adheres to the strictest security procedures, ensuring that users’ funds remain secure.

It allows payments by Visa, MasterCard, and Maestro. You may also transfer money using your debit card. One advantage of this method is that there is no upper limit on the amount of money that may be sent.

The product’s website enables you to trace transfers. Additionally, you may download the ACE Money Transfer mobile application from Google Play or the Apple Store.

These mobile applications can give real-time information on the progress of transfers and currency exchange rate notifications. The platform’s transaction costs differ per country.

OrbitRemit

OrbitRemit app development

OrbitRemit is a money transfer business that operates on a worldwide scale. This site provides a straightforward method of sending money; all you need to do is enter the amount you need to send and select the currency you wish to use.

OrbitRemit shows the entire amount that the receiver can withdraw, minus service costs and currency conversion expenses. It charges a fixed cost regardless of the amount sent.

You must first register an account before sending or receiving money using OrbitRemit. The platform features a mobile application that enables you to send and receive money on the move and keep track of currency conversion rates regardless of where you are.

It provides scheduled transfers and the option to save recipient information.

Xoom

Xoom app developmentXoom, which is affiliated with PayPal, offers a safe method of transmitting money without paying high costs. Asian nations are the primary markets for the platform.

It guarantees that all costs and fees are transparent and upfront, so that both you and the receiver are always aware of the total cost of the transfer. This clarity makes it easy to integrate the platform with accounting applications.

Transaction costs are normally determined by the kind of transaction, the form of payment, as well as the destination country of the transfer.

What’s nice about Xoom is that it offers many payment options. It enables you to send money straight to bank deposits and have it transferred to the recipient’s home.

Transfers take minutes to process, and payments may be collected at any Xoom-authorized outlet worldwide.

 

Wrapping Up

Venmo is one of the most popular and user-friendly peer-to-peer payment apps. It has a sizable income model and is expanding daily by adding new features.

Moreover, customers like the application’s ease of use for fund transfer and payment splitting. 

If you’re impressed with Venmo’s business model strategy, you may also employ a professional mobile wallet app developer to help you create a payment app that’s comparable to or better than Venmo!

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How to Develop a Live Streaming App like Twitch?

Permalink - Posted on 2021-11-12 09:50

Our lifestyle has been overwhelmingly been influenced by the emergence of the Internet and high-speed internet. It’s a common phenomenon that visuals are easily graspable for human mind if we compare them with text, pictures, or sound.

That’s the reason why everyone prefers watching a video live streaming rather than reading news, listening to podcasts. 

We do participate in conferences, travel to places, conduct workshops, and whatnot, and we always want to share it with others by streaming the events on online platforms.

Twitch is one such platform, that offers video creators, gamers, and professionals to live-stream their work to reach wider audiences and earn revenue as well.

Platforms like Twitch have paved the way for rampant live-streaming industry, and startups and enterprises are utilizing these platforms to broadcast their corporate events like a product launch, offers, online conferences to reach wider audiences. 

live streaming app development

With the appropriate methods, research, and planning, you can also develop your own streaming application or website like Twitch. In this article, we will cover several aspects of Twitch, and explain how we can build a similar application.

 

What is Twitch?

Twitch is a highly popular live-streaming service, that was started in June 2011. Assessing its potential, Amazon Inc. acquitted it in August 2014.

It’s a video streaming platform that permits users to upload videos, live stream games, view live streams of others, participate in gaming competitions, interact with gamers, and content creators via instant chat. 

Twitch allows users to view live broadcasts without even creating an account. However, to broadcast your own content and chat with others, you must create an account on the platform.

Twitch is compatible with a personal computer, Microsoft’s Xbox,  and Sony’s PlayStation console, apart from that it offers dedicated applications to let users broadcast their content and interact with the community. 

Twitch app development

Twitch allows gamers or anyone interested in casting on other genres like music or food to stream their activity in real-time and let others watch it.

Users can find a video stream by searching various categories and they can follow a specific channel to get its activity updates and alerts.

It also provides browser support that enables users to use its features. Twitch also offers video on demand, and audio-video broadcasting services, which makes it quite popular among the youth.

 

Why Twitch is so popular?

Twitch is an undisputed leader in online streaming industry. Do people usually ask why it is so popular and successful?

We have researched certain factors, that are behind its unprecedented success :

Free Live Stream

Twitch allows users to watch the live streams without paying any subscription fee.

Real-time interactions

The inbuilt chat feature allows viewers and players to interact in real-time. Users can communicate with the players, ask questions, and encourage players during game streaming.

No language barriers

Twitch allows gamers to broadcast streams in multiple languages, which allows a wide range of viewers to watch their performance, without thinking about the language barrier.

Massive community

Twitch enjoys the support of massive user communities across the world, who watch all types of games, interact with like-minded people, make friends, and compete with them.

 

Market Stats of this Twitch

Twitch Market Stats

Twitch has become highly popular in recent times, and the following statistics just proved it : 

  • It enjoys an average of 15 million DAU (daily active users).
  • The peak viewership is 6.5 million views.
  • It has 140 million unique monthly viewers.
  • 71 million hours of content is cons0umed by Twitch users daily.
  • Twitch has over 2.2 million creators, who broadcast their games.
  • Twitch’s Partner Program is unprecedently growing with 68% since 2017.
  • It has 9.2 million active streamers.
  • Every active Twitch user spends an average of 95 minutes on platform daily.

 

Live streaming app like twitch

 

How does Twitch work?

Here is how Twitch works for viewers. 

  • The Twitch website’s home page displays several categories of content and games that are available. The home page usually hosts the trending or most popular games, from where the users can select what content they want to watch. Users can simply click on the content to initiate live streaming.
  • On a mobile application, a user can easily watch the “Broadcast” or live stream. The mobile app offers a split-screen display, that allows users to check what the video streamer sees on their end. Users can hear and see the gamers play through a small window on the edge of their live stream broadcast.
  • The video streams contain links, from where the users can purchase games. Streamers can sell products via affiliate links, and the revenue is divided between streamers and Twitch.
  • While viewing a video stream, users can connect with other users and gamers via instant chat. This allows them to interact with others, ask questions, provide feedback, and receive responses. 
  • Users can save live streams so that they can watch them later at a convenient time.

 

Top Competitors of Twitch 

Top Competitors of Twitch 

Twitch is certainly the most popular platform for broadcasting and watching online video game content. It was the first company that put focus on dedicated video game streaming, and it added a lot of innovative functionalities to ensure a flawless experience for the users and content creators.

Twitch is facing tough competition from other platforms in the market, that are not as popular as Twitch is, but they are making a giant stride in the online gaming streaming domain.

Facebook Gaming

Facebook has been pushing to make its mark in the gaming live stream sphere. It is not that popular now, but it is gearing up to gain a big pie of this business. Facebook is allowing its users to broadcast video games and other live streaming stuff. It is incorporating innovative features and methods to give a touch fight to Twitch in the near future.

YouTube

It is the biggest alternative to Twitch now. It offers users to search for specific content, broadcast online games. YouTube is also signing up deals with renowned content creators to enhance its content offering by pulling high-profile talent onboard. 

Trovo-

It encompasses lots of similarities with the Twitch interface and functions. Twitch users may feel at home when they use Trovo, due to its almost identical user interface and other similar features. Though it is still in nascent age if we compare it with Twitch, it has improved the content offering and live stream quality.

Users can simply click on the Games tab to navigate through trending categories, from Minecraft to Grand Theft Auto V, and enjoy their time. 

Picarto

As the name suggests, it deals with art streams. Picarto provides a robust platform to different artists across a multitude of art genre and styles. Artists can use Picarto to liver stream their artistic work and connect with millions of their fans across the world. Users can go to this site, click on the Explore tab to navigate variety of content available, and follow popular artists as well.

Vaughn Live

It is another platform that enables users to live stream any content. We have multiple content categories to choose from, such as news, gaming, creative, music, news, and many more. However, it doesn’t allow users to monetize their live stream or video broadcast. 

 

How Twitch earns revenue?

Well, an application or website is built to earn revenue reports, and Twitch is not an exception here. Let’s explore what monetization strategies Twitch has employed to generate revenue :

Twitch earns revenue

Freemium

This method allows users to avail some free and paid features at no cost. Though in this approach, users get advertisements while watching the content.

However, Twitch offers a Turbo service, where users will get fewer ads, get more video storage, and enhanced UI/UX by paying $8.99 for a month.

User Subscriptions

In this model, the users must pay a certain subscription fee every month to access all the features of the application. Twitch allows users to subscribe to gamers to watch their content, and this fee is shared between those gamers and the Twitch platform.

Advertisement-

Twitch places advertisements of its business partners, and these ads appear based on user preferences and demographic information. Twitch generates revenues when users watch these advertisements and make any transaction by clicking on them.

Merchandise and Apparel sales

Twitch has partnered with several merchandises and apparel providers and utilizes the platform to sell their goods. It also allows gamers to launch their goods and merchandise and advertise them during live streams.

Users can purchase those goods and the revenue is divided between Twitch and the Gamers.

 

Read Also: – How Do Free Apps Make Money in 2021? 

 

What is Twitch Prime? 

It is a monthly subscription service, that gives you access to exclusive in-game content, a bonus channel subscription, and additional games, more broadcast storage, member-only chat, and more.

To avail the benefits of Twitch Prime, you must have either an Amazon Prime or Prime Video account, which may cost you $12.99 or $8.99 per month, respectively. 

mobile app development

Twitch Application – Features

Twitch is popular due to its innovative features, that help it to engage users and ensure they spend more time watching live streams on this platform. It encompasses certain features that are essential for any video-streaming application

Let’s identify these features from a user’s perspective.

Onboarding

It offers an informative onboarding experience for users, where it explains the app features, functionalities, and navigational controls. While designing onboarding content, it is always recommended to make limited slides and ensure they are transitioned easily.

User Registration/Login

This feature helps users to create their accounts on the platform. It offers either a user registration form to register or allows users to register via their social media accounts such as Facebook, Twitter, or Instagram. While developing this feature, we must ensure that this process must not be too time-consuming. 

 

User Registration Login

 

Live-streaming

It is certainly among the most important features, as it allows users to live-streaming their content. However, it is critical for your application to have a smooth live streaming capability to gain a user base.

You can implement RTMP to offer a high-quality and smooth video streaming service. RMTP works on low bandwidth connections by dividing the media stream into small fragments, that easily transmit between server and client. 

Twitch Live streaming

Video Library

A full-fledged video library is a must for an app like Twitch. It helps users to navigate through the content and play the one they want to watch. You must ensure that Video Library must be equipped with easy navigation and strong searching capability.

Watch Lists

It contains the preferred and recommended content for users. The watch list displays the content based on the user’s activity and personalized choice. This feature gives users a personalized experience and helps them to access their choice of content quickly.

Instant Chat

It is an important feature, that allows users to interact with other viewers and the content creators/gamers as well. Users prefer instant chat, as it allows them to ask questions, encourage their favorite content creator, and share their feedback in real-time. You can use 3rd party chat solution to incorporate an instant chat feature.

Search Bar

It helps users to search for a specific genre of content. It must be equipped with strong searching algorithms to ensure user can search their content easily.

Cloud-Based DVR

It allows users to record shows using their application and then stream it live. Twitch uses Cisco infinite video platform and Velocix origin to offer this service to its subscriber. You can also incorporate these vendors to provide Cloud-based DVR services to your subscribers.

Automatic Video Categorization-

Video categorization is very important, and we understand that it is not possible in real-time. You can use Artificial Intelligence and Machine Learning to build an automatic video categorization feature. Machine learning will help you to avert copyright breach instances, whereas the AI can analyze different genres and user’s activities to offer them personalized content.

Twitch Automatic Video Categorization

 

Screen Mirroring

It enables users to share their content from their smartphone to a larger screen, like smart TV or projectors. The live streaming is transmitted to a bigger screen via a wireless connection (Wi-Fi). This is a must-have feature as users prefer to watch their content on larger screens.

Monetization

It is important to have a monetization feature for any application. Twitch does have an in-built payment mechanism, that allows subscribers to make payments, access premium content, purchase merchandise, and even make donations. We must incorporate multiple payment methods and a robust payment gateway to offer an immaculate payment experience to our users.

Twitch Monetization

Advanced Security Features

Security features are necessary for a live-streaming app. Security features prevent data breaches, prevent hacking attacks, and prevent other vulnerabilities.

You can implement some strong but cost-effective security mechanisms such as IP-based access control, multiple-factor authentication, AES encryption, and DRM. 

Review and Ratings

Users want to express their opinions and register their feedback about their experience. A good streaming app should have a review and rating feature, that permits users to submit their ratings to the content creators.

This helps platform owners to analyze the performance of every content creator performance and enables users to watch high-rated content.

Analytics

This is a must-have feature, as it allows users to observe the growth of a specific streaming category. Users can monitor peak traffic, user engagement, and viewership.

It displays the statistics, that help you to analyze the traffic of your streaming events and take course corrections if required.

 

Read Also:- Video Streaming Mobile App Development Cost and Key Features

 

Technology Stack to Develop an Application like Twitch

We can utilize the following Technology stack to develop an app like Twitch : 

  • Programming Language – Go, Ruby, C++, C
  • Web Server – NGinx
  • Server Libraries – Rails 
  • Frontend – React JS, Angular JS, Express JS
  • Backend – Ember JS, Node JS
  • Databases – Firebase, PostgreSQL
  • Server Software – Varnish
  • Cloud Infrastructure – Amazon AWS, Microsoft Azure, Google Cloud 
  • DevOps- Jenkins, Varnish, Terraform, Puppet Labs
  • Business Tools – Hackpad, Medium, G Suite
  • Utilities – Google Analytics, Mixpanel, Swiftype

 

mobile app development

 

What is the development Cost of Twitch App?

The cost of developing an app like Twitch is very much reliant on the hourly rates of the development team you are going to hire. This is the basic reason why most of the western countries outsource their projects to Asian countries like India. 

Twitch app development cost

Here we have a comparison of average hourly rates in different regions.

Region Price Range Average Price (Per Hour)
North America $100-$220 $150
South America $40-$100 $60
United Kingdom $100 to $200 $140
India $30-$80 $40
Eastern Europe $50-$120 $70
Australia $60-$150 $90

So here it is quite visible that the application development cost of Video streaming applications in the USA and UK is on the higher side, whereas the cost is relatively lower in India and South American countries.

It is recommended to outsource the app development work to these countries, as they can offer the same product quality at fraction of the cost.

Now, let’s see how many days it takes to develop different application features.

Features Web Platform iOS Platform Android Platform
Onboarding 10 h 15 h 15 h
User Registration/Login  10 h 15 h 20 h
Live Streaming  30 h 35 h 35 h
Video Library  20 h 25 h 25 h
Watch Lists  30 h 40 h 45 h
Cloud-Based DVR 40 h 40 h 40 h
Instant Chat 20 h 25 h 25 h
Automatic Video Categorization  15 h 20 h 20 h
Screen Mirroring 20 h 25 h 25 h
Monetization 30 h 30 h 35 h
Analytics 30 h 40 h 40 h
Advanced Security Features  20 h 30 h 35 h
Review and Ratings 10 h 20 h 20 h
Search Bar 10 h 10 h 10 h

 

This is a rough cost estimate for the development of Twitch type application. Though it still gives you a good insight of the resources and efforts involved, and the cost incurred to make a successful online streaming platform.

However, this does not cover other efforts, such as project preparation, project release efforts, project promotion, communication efforts, and several other supporting activities we must carry out. 

 

Challenges while Developing an App like Twitch

Well, there is no doubt that online streaming itself is a challenging domain, due to its technical and content-related constraints. Here are a few challenges you may have to counter while developing an app like Twitch.

Content Moderation

Although Twitch has imposed robust community guidelines to control harassment, hate speech, and sexual content, still the nature of the content is unpredictable, which may be inappropriate for kids and elders.

We must employ better moderation filters and content moderation mechanisms to prevent such issues.

 

Twitch app development

Unwanted Content via Instant Chat-

Well, the interactive chat feature is a big boon for the users, but direct messaging and chatrooms may expose kids and minors to some inappropriate content.

Inappropriate Advertisement

Twitch allows placing advertisements, and sometimes they are for mature movies and games, which is certainly inappropriate for minors.

 

Conclusion

Online live-streaming applications like Twitch are witnessing unprecedented revenue and popularity due to their innovative features and service offering. With the rapid progression in technologies, it is only going to gain more prominence in the future.

We can only imagine what kind of market disruption it can create once we incorporate emerging technologies like AI, IR/VR to enhance user experience to the next level.

Online Video streaming is almost everywhere, be it music, movies, gaming, corporate conferences, or even an online course.

This is an industry, which is going to make massive gains in the time to come, and If you are planning to develop a live-streaming platform, then this is the right time to start.

You can conduct your market research, determine the features and functionalities you want to incorporate in your application, and employ the appropriate development methodology.

After that, you only required a trusted partner, who can transform your mobile app idea into a reality. 

Arka Softwares can certainly assist you with the development of an application like Twitch, as we have a seasoned team of developers who have delivered many exceptional live-streaming apps for multiple industries. Don’t be shy, please contact us to understand more about the development process.

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Why are Electronic Health Records better than Paper Records?

Permalink - Posted on 2021-11-08 10:46

Healthcare is a sector that has observed a plethora of transformations in recent decades, as far as technology induction is concerned.

Gone are the days, when patients use to visit the Doctor for any ailment, used to describe their health conditions and Doctor used to scribble all those details on a piece of paper, and then we used to carry the same paper or file to keep your documentation intact. Such an arrangement used to be called a Paper Medical Record.

It used to be an administrative and logistical nightmare, and this could be confirmed by the people in the medical sector, who usually chuckle when recalling those days.

Interoperability between different hospitals was an unheard-of concept in those days due to obvious constraints.

 

Electronic Health Record

 

Now if you visit any Doctor, you may see an entirely different story, as now Doctors take the notes on their Tabs or Laptops, which is updated in software as a medical record, which is also known as an electronic medical record (EMR) or an electronic health record (EHR).

With the numerous benefits offered by Electronic records, healthcare institutions have adopted this method of recording the information of patients and leaving behind the traditional Paper-based medical record system.

In this article, we will discuss the basic differences between Paper records and Electronic Health Records, and the practical, financial, and technological advantages we can expect from Electronic Health Records.

 

What is Electronic health records?

An EHR (electronic health record) is an individual’s health document that can be recorded and stored digitally and then accessible using smartphones or computers, and that could be easily shared between multiple healthcare entities and stakeholders.

Typically, an Electronic Health Record includes the patient’s contact information, ailment history, family history, information about allergies, a list of current and past medications, information about previous procedures and surgeries, and other important information about the patient.

 

What is a Paper Medical Record?

 

Paper Medical Record

As the name suggests, a Paper medical record contains information about the patient, contact information, health history, previous procedures, and surgery information, that can be stored and accessed only in paper format within a healthcare entity.

With the advent of technology, the usage of paper medical records is on constant decline due to several disadvantages it offers.

 

Difference between EHR and Paper Medical Record

There are some fundamental differences between both terms.

Parameters Paper Medical Record Electronic Health Record
Record Captured Manually on Paper Manually on a Digital device
Emergency Access Recording information on paper requires more time and effort from healthcare professionals. During an emergency, such delays could prove fatal as well. EHRs are comparatively easy to record, it saves vital time during a patient’s visit, and during emergency situations, EHR can certainly provide critical and life-saving information immediately, which could be proved lifesaving.
Cost Factor The cost of maintaining the paper records is comparatively low, and it requires storage and human administrative costs along with the paper. The initial setup cost to purchase, develop and implement a full-fledged EHR system is too high, though the cost is recovered as time passes.
Environmental Impact A usual patient medical record could encompass close to hundreds of pages or might run even into thousands of pages in specific critical case. It is quite difficult to manage paper records, and they do have adverse environmental impacts, as more trees are used to make more papers. One of the biggest benefits of going for Electronic records is the reduction of adverse environmental impacts, as it helps us save paper, trees, and other vital resources required to develop paper products.
Security Risk Paper records are more prone to security breaches and other sorts of compromises, as they can easily be stolen or misplaced. It is also difficult to store the paper records in a secure area, as it takes too much space and other checks and controls. EHRs are also at risk due to increasing number of cyberattacks and other vulnerabilities. It is very important and costly to implement an adequate level of security to protect patient records, which are highly sensitive in nature. Any sort of cybersecurity attack or data breach may have grave consequences for healthcare service providers.
Record Sharing One of the biggest challenges with the Paper records was the tedious procedure while sharing them with other stakeholders. It was indeed a herculean task to find the record from a mound of files and then scan, mail, or fax their copies to the intended recipients. EHRs are a big help here, as patients and healthcare personnel can easily access the required information via their smartphones, website, or mobile application and then share it with the intended recipient over a highly secured network.
Learning Curve It is quite easy to learn how to make entries in Paper records, and one doesn’t require a separate training or gadget to fulfil this responsibility. Learning the management of EHRs is slightly difficult, as one must operate some sort of digital gadget and should be well versed with the record entering process, but it becomes easy once the healthcare staff learns it.
Accuracy and Readability Reading a paper medical record, especially a physician’s prescription could be a very hard task. Physicians are infamous for their difficult penmanship, which is often hard to decipher and read, and it can be easily misinterpreted by others. 

Paper records also have limited space, which forces healthcare staff to add every possible information in that space, which often develop inaccuracy in the records.

On the other hand, the Electronic records are written with standardized terminology and typeface, which leaves no room for confusion and the record becomes understandable for everyone. The EHRs can be recorded without any concerns for additional space, which mitigates concerns related to illegibility. 
Record Storage To store the Paper medical records, the healthcare practices must arrange and maintain large warehouses. The paper records take up huge space, are not easy to maintain, and tend to deteriorate over time. A cloud-based EHR record eliminates worries of extra space and resources. The management and maintenance of Electronic records are quite easy.
Record Accessibility Paper medical records could be accessed only after making the request to the warehouse staff, which too only available during specific times. Electronic medical records could be accessed by healthcare professionals from anywhere and instantly. Mobile EMRs offers seamless accessibility on smartphones, which makes them a big utility for the patients and healthcare staff, as they can access the records anywhere and anytime.
Administrative Burdens It is difficult to manage paper medical records and it put lots of administrative constraints on the healthcare practice. Electronic records are easily manageable and put lesser administrative compulsion and burden.
Record Vulnerability Paper medical records are highly vulnerable to accident, natural calamities, and other incidents. If a medical record is destroyed, then it is very difficult to reproduce it, until and unless we have a copy in place. Electronic records could be stored at multiple locations, so that practice can recover them during any unwarranted situation. Though electronic records are vulnerable to security breach and attacks, such threats could be mitigated by implementing adequate security.
Record Navigation Navigation of records is a big challenge for Paper medical records, as keeping them in order, sorting them out is not easy. EHR offers easy navigation through the medical history of a patient. We can simply access a specific page or keyword in a few mouse clicks, instead of traversing through all the pages of report.

 

Read Also:-  Guide to Develop Remote Patient Health Management Solution

 

How EHR is better than Paper medical records?

There is no doubt that EHR offers a stupendous ability to exchange electronic health information. It also helps healthcare service providers to offer safer care with higher quality, which helps an organization to develop tangible improvements for itself.

EHRs also help service providers to manage the care patients ineffective ways, which certainly enhances the customer satisfaction level.

Here we have a few parameters, which makes EHR a better option than the conventional Paper medical record.

  • It provides accurate, complete, and up to date about patients at the point of care
  • It enables immediate access to patient records, which helps healthcare entities to offer coordinated and efficient care.
  • Ability to securely share electronic information with healthcare professionals and patients.
  • It prevents unnecessary complications in records and prevents medical and human errors in records.
  • It improves communication and interaction between all stakeholders.
  • It enables highly accurate streamlined coding and billing processes.
  • It improves the security and privacy of sensitive medical data.
  • It helps medical professionals to improve their productivity and maintain a better work-life balance.
  • EHRs help healthcare providers to improve their process efficiencies and enhance revenues.
  • EHRs helps an organization to reduce the operating cost via reduction in paperwork, and other environmental constraints.
  • It allows healthcare organizations to integrate and share vital information among them to improve the decision-making process.
  • EHRs can be integrated with any Data-Analytical software and data mining could be performed to determine optimal treatments and medications for patients.
  • It can help an organization to integrate with the central/federal genomics databank, which will help them avail numerous benefits as far as genetics science is concerned. 
  • EHR system helps a healthcare organization to integrate with local or federal governments for quality reporting.
  • EHR assisted systems could be integrated with artificial intelligence, data science, and Machine learning algorithms, which can help a healthcare service provider to use advanced technology to offer better treatment to their patients.
Healthcare software

 

EHR advantages from Patient’s perspective

EHR (Electronic Health Record) is the first step, that can transform the way a patient interacts with a health care entity. EHR can offer the following benefits to the patients:

EHR Benefits

  • EHR offers better security, enhanced communication, efficiency, record accessibility to the patients.
  • EHR based systems can encourage healthier lifestyles for the patients, as it improves physical activity, provides better information about nutrition, helps reduce behavioural risks, and wider acceptance of preventative care in patients.
  • EHR based systems not only improve the process efficiencies but also lower the healthcare costs for patients by encouraging preventative medicine.
  • It improves the coordination among the health care service providers, which helps them to reduce redundant tests, which ultimately reduce the healthcare cost for the patients.
  • EHR helps the patient with decision making, as it integrates patient’s data to multiple sources, which helps a patient to take better consultation and advice in event of any serious ailment.

EHR has revolutionized the healthcare sector up to a great extent, though experts say that EHRs need to evolve more before being fully integrated and accepting all healthcare service providers. 

EHR (electronic health record) has proved its worth as it has been improving health care documentation, mitigating errors, enabling better decision-making, improving patient safety, and improving patient satisfaction with the standard of healthcare services offered.

Despite all this, we would like to mention that EHRs in the future must be capable enough to integrate emerging technologies to provide in-depth and more layered content about the patient.

Over time, this will help healthcare organizations to offer way better diagnosis of diseases and effective prescription of medicine.

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Revenue Cycle Management Software Development for Healthcare

Permalink - Posted on 2021-11-01 05:30

The Healthcare sector has been booming at an unprecedented pace, as more and more hospitals and larger healthcare systems are using advanced technology and tools to save lives and treat patients with care. Though it is important to ensure that these healthcare organizations must perform their functions with utmost care and professionalism.

In order to fulfill their responsibilities, every healthcare organization must develop efficient and effective policies and processes to stay afloat financially and serve their customers with the best of their capabilities. Here comes the Revenue Cycle Management software into the picture, as it facilitates various processes and functions of a healthcare organization.

An RCM software helps an organization to manage its clinical, financial, and administrative functions such as payment management, revenue generation, or claims processing.

 

 

In the era of modern healthcare services, the revenue cycle management software is used as a strategical asset by healthcare organizations to enhance their services and make a big saving on organization’s money, time, and efforts.

It also helps an organization to make its processes streamline and effective, to enhance the revenue per patient, and helps the organizations to keep their focus on the core functions, that is to provide healthcare services to their patients.

 

What is Revenue Cycle Management System?

This could be an unheard term for a few, but most of the people who have visited the hospital must have experienced or saw the function of this system in real-time. The moment any patient makes an appointment to see the doctor this system comes into action as it helps the healthcare service provider to keep a track of every associated financial element. 

Revenue Cycle Management System

The medical billing module of RCM enables healthcare professionals to accomplish multiple tasks related to billing, procurement, and reporting. It can help with the verification of insurance coverage and assess the status of copayments before a patient is admitted for further treatment; then it sends treatment claims for further processing with specific codes to insurance providers, once the patient care protocol is determined; then it calculates the balance amount past the appointment.

Revenue Cycle Management is indeed a system, that combines various aspects and processes of a healthcare organization with the core components of health information management system (HIM), which also includes the electronic health records (EHR) and patient information privacy management methods as well.

For any healthcare service provider, it is important to implement an efficient and accurate revenue cycle management system to successfully run a medical practice. It is important for a healthcare organization to establish the core accounting protocols and manage them effectively as healthcare financial processes are now shifting away from fee-for-service payments to a value-based care system.

An RCM software also extracts data from complex databases and then offers accurate reporting, which can be used to make vital decisions. It is indeed a comprehensive software system, that offers combined functionality that is available in medical billing systems, claims management and processing systems, coupled with a credential management system, and more.

 

Read More:- Knowing Importance and Difference between EHR vs EMR vs PHR

 

What is Revenue Cycle?

According to the Healthcare Financial Management Association, the revenue cycle comprises all clinical and administrative functions that contribute to the capture, collection, and management of patient service revenue.

 

 

Following are the basic components of a Revenue Cycle.

  • Charge capture: It renders a medical service into billable charges.
  • Claim submission: Submits claims of billable charges to insurance organizations.
  • Coding: It comprises steps to code the clinical procedures and diagnostic efforts into the system.
  • Patient collections: To determine the dues of patients and then collect the payment using several methods.
  • Preregistration: To collect preregistration information, insurance coverage, past due amount before a patient arrives for any medical procedure.
  • Registration: To collect patient information while registering them, create a unique medical record number, and comply with several regulatory, medical, and financial requirements.
  • Remittance processing: Apply and reject the payment via remittance processing.
  • Third-party follow-up: To collect the payment from 3rd party insurers and vendors.
  • Utilization review: To examine and assess the requirement of medical services.

 

 

How does a Revenue Cycle Management Software function?

A Revenue Cycle Management software is built upon the Revenue Cycle process, and it operates using the following steps:

Insurance Eligibility Verification

It is the initial stage where healthcare service provider determines the status of patient’s insurance coverage and its validity. It helps patients to schedule their appointment with a specific physician.

Assess Overdue Balances and determine Co-Pays information

In this step, the healthcare service provider collects a fixed amount from the patient on or before their visit, it also determines if there is any overdue amount owed from a prior visit. If yes, then the software raised an appropriate claim to the insurance provider or demands the patient to settle the overdue amount. 

Medical Coding

In this step, the information of treatment, medical procedures, and diagnosis should be coded and updated into the system using the standard ICD-10 and CPT coding guidelines.

Claim generation and submission

This step comprises Claims generation, which could be generated either be manually or electronically. Once these claims are thoroughly validated by a competent authority, they are submitted to insurance provider, clearinghouse, or other claims vendors.

Denial Management

At this stage, claims are checked and corrected if any error is observed, and then resubmitted to the system, or additional information is added to make sure that claim is completed. In this stage, the insurance providers may initiate an appeal for a claim to be successfully reconsidered.

Denial Management

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Claims Follow-Up

This stage comprises of steps taken by healthcare services provider to take follow-up with the payer, so that claim may be processed successfully and reimbursed on time. This helps a healthcare organization to reduce A/R days and reduce potential financial implications for the patient.

Final Bill

The healthcare service provider is responsible for providing the final costs and charges information to the patient in the form of an electronic or printed bill. This bill is generated after getting information such as amount owed, fees breakdown, procedures performed, diagnostic tests were undertaken, etc.

Payment Collection

This stage consists of payment collection activities, where multiple options and modes are offered to the patient, against which they can make the transaction. Nowadays we use online banking and mobile banking methods to simplify the payment collection process so that patients and their family members do not need to come in person to settle their bills.

Data Analysis and Reporting

This step comprises activities to process and aggregate all financial and patient-specific information and convert it into meaningful insights, which could be used to improve business operations by reducing A/R days, increasing revenue, and enhancing the financial performance of the healthcare organization.

Data Analysis and Reporting

 

Read Also:- Develop Patient Portal Software & App for Healthcare Company

 

Advantages of Revenue Cycle Management System for Healthcare Sector?

A Revenue Cycle Management software offers the following advantages for Healthcare sector:

Paperless Billing:

RCM software drives the paperless environment in healthcare organizations, which enables them to cut the documentation cost and improve patient satisfaction as people generally prefer getting the medical bills online, instead of managing the paper documents, reports, and receipts.

Enhanced RCM practices:

Revenue Cycle Management practices have the potential to transform the existing policies and processes in no time. Organizations can utilize a revenue cycle technology stack to avail numerous benefits and enable access to multiple revenue streams across all the locations using a single dashboard.

Improved Point of Sale revenue:

An RCM software allows a healthcare organization to offer viable payment options and workflows to their customers. As consumers are paying higher medical care costs and some ratio of cost is shared by the insurance providers, hence it is a must for an organization to have viable payment options, else healthcare service providers may suffer financial loss in event of failure of collection of payment prior to offer elective services.

Better coordination in EHR and RCM systems:

Most healthcare organizations are using EHR systems (Electronic Health Records) to manage the records of their patients. It is important to have some sort of integration between EHRs and RCM software, to ensure the system of a healthcare organization remains streamlined and accessible for all.

Most of the HER vendors ensure their systems are capable enough to be integrated with the RCM software, which helps an organization to successfully manage and execute both the processes, which in turn enhances the process and cash flow of healthcare service providers.

 

 

Timely Reimbursements:

Since the revenue cycle is managed by a software system, it will assure that reimbursements are processed in time. As most of the functions are performed by the software itself, it will reduce the unnecessary burdens and hurdles as far as processing from the 3rd party is concerned. Timely reimbursements lead to better customer services and satisfaction.

Require Less Administrative Resources:

An RCM software takes care of several administrative activities such as patient registration, billing processing, payment collection, denial management, insurance eligibility verification, and coding. It enables a healthcare service provider to downsize unnecessary workforce and keep its focus on hiring healthcare and clinical staff.

Less staff to manage means an organization can focus on the core medical practices, rather than thinking about other administrative staff members. It will reduce a lot of performance worries and financial implications in long term.

Reduced Billing Errors:

With the help of RCM software and well-trained staff, the billing errors will be reduced up to a great extent. This will prevent all sorts of revenue leakage by entering wrong information or CPT codes. This gives multiple advantages to a healthcare service provider, as it improves its reputation in the healthcare industry and helps it to attract further clientele in long term.

Predictable Revenue Stream:

A strong and effective RCM software prevents interruptions in cash flow from all the stakeholders accessing the RCM functions, which ensures a more predictable and secure revenue stream. As all the financial information and transactions are carried out in a secure manner, this improves the security of vital patient and payment-related information.

Greater Industry-specific compliance:

For a healthcare service provider, it is mandatory to meet all the healthcare sector-specific and regulatory compliance. An RCM software will help in management of Payer policies, industry compliance, and regulations, by constant monitoring of all the vital parameters. This will help an organization to keep its focus towards providing the best patient care, rather than indulging in fulfilling various kinds of compliance parameters.

 

Healthcare software

 

Revenue Cycle Management Software – Challenges

As we know, the revenue cycle initiates once the patient makes the appointment and it concludes when the payment is collected successfully. However, it is important for the RCM software to perform multiple steps efficiently and accurately to ensure timely payment.

There are certain challenges an RCM software may experience, such as coding complications, medical billing errors, lack of communication, or data duplication, which may result in lost revenue.

Here we have listed a couple of challenges for RCM software, and Developers must keep these constraints in mind while developing the software.

Delays in Payment process-

The service provider has almost no control over the payment from the claim denial and review process. Any sort of delays for claims and billing process from the provider may lead to claims denial.

Payment Collection from Customer

The healthcare cost is increasing and sometimes it is quite difficult for a healthcare organization to collect the payment from the patient, as a patient might be struggling to afford higher deductibles. Hence, it is extremely important to collect the payment during, or before, their treatment, as this will reduce the risks of non -payment.

Fragmented Administrative Processes

For any healthcare service provider, there might be different priorities as far as the front and the back end is concerned. The Functions and Processes should have seamless interfaces, which can prevent any sort of process bottlenecks, that may lead to claim denial or revenue loss. It is important to have better communication while performing the patient intake, assessment of insurance coverage eligibility claims reimbursement, etc. 

3rd Party Communication and Follow-up

For any Healthcare organization, it is quite important to communicate well with the health insurance providers and other 3rd party vendors. Any sort of neglect while processing the claims may result in several types of claim issues. Any neglect while managing the claims process after submission can result in pending, rejected, or denied claims. Claim tracking is another area that is quite important, as this is from where many problems originate. Developers must keep this in mind while building RCM software.  

Lack of Digital Workflow

 lack of effective digital workflow may lead to poor data quality data, which may complicate the revenue cycle and may result in several types of issues. It is important to have a robust digital workflow and healthcare IT infrastructure, that can complement the RCM software to perform the desired functions. Effective implementation of digital workflow can ensure seamless coordination between front-end and back-end functions of any healthcare organization.

Revenue Cycle Management Software – Future

We have seen growing traction among the healthcare majors, who are investing heavily in healthcare revenue cycle management technologies, to improve their management of conventional fee-for-service claims and value-based reimbursement methods, as healthcare industry is moving to innovative payment models.

 

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Healthcare revenue cycle management software is going to gain massive popularity in the future, and that is evident with the following facts.

  • Investment in healthcare RCM software and services is all set to grow by 15.51 percent over the next couple of years. 
  • The total spent on revenue cycle management solutions around the world has already breached $7.09 billion in the year 2020.

Many healthcare service providers have availed numerous benefits by automating the redundant healthcare revenue cycle management functions, such as determining appropriate ICD-10 codes, improvement of Patient-Service provider communication, monitoring of medical billing processes, and scheduling patient appointments.

Though these technologies are slightly expensive, they come with massive advantages and that is the reason why Revenue Cycle Management software is going to be the most talked-about buzzword in the Healthcare industry.

 

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Revenue Cycle Management Software – Final Words 

The Healthcare industry is witnessing a humongous transformation as far as the usage of advanced technology is concerned.

Healthcare service provider organizations are consistently embracing the advanced IT technology and Software tools to remain competitive over their competition and at the same time to offer better services and experiences to their customers. Healthcare revenue cycle management is evolving as a core of any healthcare ecosystem, that can help them develop value-based care.

RCM not only helps an organization to keep a track of all the financial transactions, but it also helps enhance the revenue and cut the cost of overall operation.

Hence, it is correct to say that implementing an efficient Revenue Cycle Management software is certainly a brilliant idea, as it also enables an organization to keep its focus on the core functions, while rest of the non-core functions could be handled efficiently by the RCM itself. 

The future looks very promising for RCM, and healthcare service providers have understood this and that’s the reason why almost every healthcare service provider is putting all their efforts to develop and implement a dedicated Revenue Cycle Management software for themselves.

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Pharmacy Compounding Software for Acute Medical Assistance

Permalink - Posted on 2021-10-28 12:33

The Healthcare sector is one of the very few areas which has availed the enormous benefits of Technology integration. No one can deny that Healthcare has been transformed completely since the introduction of Information Technology in the last couple of decades.

If we see back in time, we can observe that how the usage of advanced Technology, Tools, and Methods has completely changed the way we used to take consultation and treatment.

Gone are the days when we used to stand in long queues to get an appointment with the physician, get our medicines and reports. We still remember that pharmacy used to be a big pain area for most of the patients when after waiting for a couple of hours, the pharmacist used to tell us that prescribed medicine is out of stock.

Well, this is an area where Technology came as a redeemer, with the Pharmacy Compounding Software it, has become very easy for pharmacists to assist their customers and save their time and effort. 

Pharmacy Software Development

The healthcare software ecosystem is a well-coupled network of interconnected components, that function together to achieve a specific objective and perform according to the given workflow.

These software components perform over multiple layers of critical data, which should be maintained well and secured to prevent any misuse. Today we will be discussing the Pharmacy workflow and plethora of Compounding software, that is used to offer acute medical assistance to the patient.

 

What is Pharmacy Workflow?

Pharmacy workflow is a process of filling a drug prescription, once it is received at the pharmacy intake area, order the customer either online or by telephone, until the time that it is delivered or handed over to the awaiting customer. As far as functioning is concerned, the pharmacy workflow is the most important and fundamental part of any healthcare service provider’s drug dispensing routine.

It is important to have an efficient pharmacy workflow for any healthcare service provider, as it can impact the customer experience and the revenue as well, also showing how well your backend processes are managed.

An efficient Pharmacy workflow the one which displays accurate information offers good services to the customer with utmost professionalism and proficiency. Customers should receive correct prescription fills within the given time, which enhances the customer service satisfaction levels.

 

Six Steps of Pharmacy Workflow

Fundamentally, we have six steps involved in a Pharmacy workflow, though it depends upon the size of the pharmacy and number of prescriptions being filled on a frequent basis. 

Pharmacy Workflow

Intake

The initial step of Pharmacy workflow system is taken at the Intake area, which is usually handled by a Technician. In order to improve productivity and enhance client interaction, pharmacists have started positioning themselves in Intake area to meet the clients face-to-face and then review the incoming prescription information firsthand.

This step helps them to offer better-personalized service to the customer and allows pharmacists to observe and remove any potential inaccuracies in the documentation.

Input

This is the step, which is most vulnerable, as far as an opportunity to commit mistakes is concerned. Pharmacists read and interpret the prescriptions from papers and then enter them into the system via computer.

Pharmacies usually set up computer terminals, bar code scanners, and other important devices here to ensure this work is done with utmost due diligence and carefully. This is the stage where pharmacists and Technicians both work in tandem, and it is important to ensure that their work should not be impacted by any unnecessary interruption. 

Filling

As the name suggests, this step is all about filling up the medicine supplies to fulfill the orders in the given timelines.

Verification

This step is taken by the pharmacist, who performed all the due diligence and ensure that everything is done properly, and all the required medicines are filled and appropriate changes have been made in the system to reflect and changes in the availability of medicines.

Pickup

In this step, the customer who have placed the purchase orders, can collect their medicines and other clinical staff, and make the payment. As this involves the financial aspect, hence it is important to perform this setup with utmost care, also this is where the changes in the finances and stocks are updated in the system.

Patient Consultation

This is not a regular step, but still, it’s a part of Pharmacy Workflow. Patients can contact the pharmacy for any further consultation regarding a specific medicine, its aftereffects, or availability. Pharmacies are legally required to maintain patient privacy.

 

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What is Compounding Pharmacy Software?

The role of conventional pharmacies was to make drugs prescribed by physicians for a specific patient, whose needs can’t be met by commercially available drugs. Compounding pharmacies not only offer customized medications, but also provide critical service while meeting the regulatory and compliance requirements, recordkeeping, and inventory management needs.

Compounding Pharmacy Software

On the same lines, Compounding Pharmacy Software is a program, which helps a pharmacy to take care of its conventional responsibilities along with the newfound objectives in current era. It helps a pharmacy to keep a record of its patients, automate several workflows, help it to meet all the regulatory compliance, and even help it to maintain the temperature of medicines.

 

Features of Compounding Pharmacy Software 

An effective compounding pharmacy software should offer the following features.

Inventory Management-

This keeps a track of all the pharmacy medications, which includes inventory kept at bulk storage and even stored in refrigerators.  This system automatically deducts the amounts of drugs used for each compound and order.  This keeps scanning the pharmacy’s inventory to keep an eye on the availability and raises an alarm if any drug is approaching its expiry date or availability goes below the set threshold value.

Patient Records Management

This helps the pharmacy staff to maintain the record of all the patients, the exact blend of drugs dispensed to them, and records the information of patient interaction.  It offers easier access to the information about patient medications, which accelerates the refill process, and ensures correct medicine dispensing.

Regulatory Compliance Adherence and Recordkeeping-

It is mandatory to have accurate recordkeeping to meet any regulatory, legal, and industry-specific compliance.  An efficient compound pharmacy software stores all documentation and information related to electronic prescriptions, core processes, and workflows, medicine dispensing records, inventory records, and even the follow-up with the prescribers and customers. All this information is mandatory to meet various kinds of regulatory and compliance requirements.

Automatic Medicine Ordering

A compounding pharmacy solution is seamlessly integrated with the suppliers and distributors for uninterrupted and automatic medicine ordering.  This includes a capability to raise an automatic order if a drug level reaches below a pre-determined level.

Integration with National Drug Code

For any pharmacy, it is mandatory to comply with the Food and Drug Administration’s National Drug Code Directory. Compounding pharmacy software must have this feature, as it helps the pharmacists to verify the NDC codes of all drug mixture components and take the decisions while dispensing the correct medicine.

Temperature monitoring

Such software helps with the specialized storage needs of multiple compounded medications.  This involves usage of temperature-control sensors, which register the temperature readings automatically and raise an alarm if any sort of disruption occurs. 

 

Components of Compounding Pharmacy Software

Compounding Pharmacy Software

 

The functioning of a compounding pharmacy software can never be defined under limited sections. It has a vast scope and each module and function needs to be automated to enhance the productivity and efficiency of pharmacy.

Over the years, healthcare service providers have understood the utility of this software and that’s the reason why we have seen a massive implementation of compounding software systems. As we said, a compounding pharmacy software is made up of various components or modules, here in this section we will discuss those components in detail.

Pharmacy Compounding Software System

This is a customized module that is critical for management of pharmacy workflows, medicine dispensing functions, management of approved medication and master patient index, inventory management, supplier management, pharmacy analytics, and formulary database, and National Drug Code.

Pharmacy Data Management Module

This contains the support of Business Intelligence engines along with data management dashboards creation capabilities. It helps to analyze the potential revenue drivers, treatment outcomes, qualitative measurements of medicinal components, patient persistence rates, insurer response time, patient spending trends and analysis, and drug waste ratio.

This component helps a pharmacy to generate regular and ad-hoc reports and analysis, which illustrate pharmacy KPIs with infographics and comprehensive business analysis, which provide in-depth information, that helps in decision making.

Pharmacy Compounding Module

It is developed to manage the chemical inventory database, which is comprised of chemical components, log numbers, and wholesale prices, compare generic and branded drugs, calculate the formula costing, and develop consistent labels with unique barcodes.

Pharmacy POS Integration Module

The Point of Sale platform is equipped with electronic signature capture ability and inventory management APIs, which are used to integrate it with POS devices. It also has seamless access to the HAS/HRA (Health Savings/Reimbursement Account) and FSA (Flexible Spending Account) networks.

This module is then integrated with the CRM, EHR, and EMR systems to coordinate and fetch the prescription histories of patients to make decisions about the medication accordingly.

 

Read Also:- Knowing Importance and Difference between EHR vs EMR vs PHR

 

Pharmacy Benefits Management module-

Custom Pharmacy Benefits Management module is usually integrated with 3rd party PBM implementation and e-Prescribing system. Pharmacies use this to develop cost-effective formularies, build drug benefits plans and track network-wide clinical outcomes.

Pharmacy Document Management Module-

This module is designed to access and manage patient information. It is integrated with EHR/EMR (Electronic Health and Medical Records) system to maintain notes from physicians and pharmacists, accept electronic faxes, maintain EBR (Electronic Batch Records), and audit trails. It also allows seamless integration with scanning technology, so that pharmacy can capture and organize the information from physical documents and forms.

e-Prescribing Integration module

e-Prescribing Integration module

This module is based on e-RX network architecture, that allows secure transmission of EPCS (Electronic Prescriptions for Controlled Substances) between pharmacy, healthcare service provider, and 3rd party insurance providers. E-Prescribing module is designed to accelerate the medicine filling, order modification, cancellation, and renewal of medical scripts, along with procurement of prior authorization.

Pharmacy Revenue Cycle Management Module-

This component streamlines the prior authorization, claims processing, remittance advice, insurance eligibility verification, benefits coordination, appeal management, and Risk Evaluation and Mitigation Strategies. It also takes care of insurer reimbursements, process payments, and invoice automation.

 

Benefits of Compounding Pharmacy Software

We have a number of qualities that make a Compounding Pharmacy Software a win-win proposition for any Pharmacy. We must use such software to avail the following benefits :

  • It makes the existing Pharmacy Workflows effective and transparent
  • It helps a pharmacy to improve Control over Expenses
  • It improves the Customer Retention and Experience
  • It helps a pharmacy to communicate effectively 
  • It ensures Seamless Clinical Integration
  • Effective Inventory Management
  • It helps a pharmacy to go paperless
  • It offers a Cost-effective and Affordable solution
  • It enables a pharmacy to process faster prescription
  • It improves Inventory Accuracy and Processing
  • It ensures accurate Prescription Filling
  • It reduces the Paperwork

If you want to develop a compounding pharmacy software, then the pharmacy workflow and features should be designed and developed in such a way, that it brings ease of workflow functioning and improvement in customer experience. 

 

software development cost

 

Conclusion

Pharmacy is an important aspect of any healthcare service provider, as it takes care of prescription, medication, and stocking of vital medicinal components. A patient receives medicine at a hospital, clinic, or doctor’s office, it always comes from a compounding pharmacy. One must need an effective and efficient pharmacy compounding software for effective management of its workflows.  

Compounding pharmacies play a vital role to provide access to the discontinued medicines by recreating some medicinal components to ensure the patients get the required critical care. In order to manage the compounding pharmacies, we can either develop software from scratch or may purchase it off the shelf.

It helps a pharmacy to perform many important functions such as patient management, prescriptions, medicine filling, patient counseling, clinical drug screening, supplier management, marketing management, quality control, and assurance. It is a must to have compounding pharmacy software to provide acute medical assistance to the patients and improve customer satisfaction.

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How Much Does Mobile App Development Cost in 2021?

Permalink - Posted on 2021-10-26 09:42

Having a mobile application for your brand is very important in today’s time as there is cut-throat competition on staying on the top. Making your online presence is the need of the hour and expanding your sales across cities and countries can only be made with the help of mobile applications.

A mobile app development team should be able to develop an application that is engaging and provides all essential features to the users. What is the first thing that comes to your mind when you talk about developing a mobile app? Well, most people are concerned about the pricing of the app and question the development team “How much will it cost them?”

One will never be able to determine the cost of the mobile application as long as they don’t start working on the same. You might get come across several websites that show different prices of developing an application, however, hiring the best app development team will guide you on the pricing of the app.

In this article, we are going to discuss the amount that is charged for app development. From an app’s essential features to advanced features and the team required to develop the same, there are a lot of factors to consider while estimating the price of the app.

 

Introduction

There are several app development companies around the world that might claim to be the best amongst all, but you have to carefully choose the most appropriate and right kind of app developer for yourself. Developing a mobile app is no cakewalk and only experts in this field can build an app that can be a hit on the app store. Since there are several apps that service similar purposes, one has to be very sure of the app developers they are hiring.

Mobile apps are developed either for a single platform or multiple platforms and web. One that is developed for iOS will have a separate costing than the one that is made for Android and Windows. A cross-platform app would cost much more than any of the other applications.

Estimating the cost of an app development might not always be accurate and additions and subtractions might go along with you during the development procedure. However, one can always get a rough idea about how much they will have to spend on app development.

There is no question about the geographical location also playing a major role in deciding the price of any application. The next thing is the audience that the app developers want to target. All applications might have a different kind of audience and not everyone can use apps that are not of any interest to them. Only the audience that will show interest in the kind of products or services you offer should be targeted rather than the ones who have nothing to do with your app.


Market Size and Stats of Mobile Applications

The world of mobile apps is humongous and one can have no count of the apps that are developed every single day.

According to a report the mobile application global market size was valued at $106.27 billion in the year 2018 and it is expected to grow at a CAGR of 18.4 percent till 2026, reaching the value of $407.31 billion.

Take a look at the graphical representation of the growth of mobile applications:

mobile application global market size report

 

Worldwide Mobile App Revenues in 2014 to 2023

(in billion U.S. dollars)

Worldwide Mobile App Revenues in 2014 to 2023

 

Now we will segregate the market for mobile apps for a better understanding.

By Marketplace:

  • Google play store
  • iOS store
  • Other marketplaces such as Windows, Microsoft, etc.

By App Category:

  • Education and learning
  • Health and fitness
  • Beauty
  • Gaming
  • Music and entertainment
  • Travel and hospitality
  • Retail and eCommerce
  • Utilities
  • News
  • Shopping
  • Navigation
  • Others

 

Types of Mobile Apps

Applications are generally classified into three types. We are going to take a detailed look at these individually.

1- Native Apps:

As the name suggests, these apps are native to a device, such as iOS, Android, Blackberry, Windows, etc. These are compatible only with the device they are launched for, and cannot perform functions on any of the other devices. Purposeful only for the respective platform, this type has its advantages and disadvantages. Take a look:

 

native application development company

Advantages of a Native App:

  • The owner of the device can easily access the app as it is compatible with their phones.
  • The native users get a high-performing app that is rich inexperience.
  • Delivering a wider range of APIs, there are higher chances of unlimited usage of these apps.
  • The audience targeted by the app owners is generally very large and wide.

Disadvantages of Native Apps:

  • Since a lot of maintenance goes into these apps as they are separate for each device, these can be costlier than the regular apps.
  • Limited reach as only those people can use it who have the devices compatible with it.
  • The development cost of these apps is high as compared to the other apps.

2- Hybrid Apps

Hybrid apps refer to those apps that are developed using multi-platform technologies and languages such as HTML5, CSS and JavaScript. Take a look at the pros and cons of the same.

Advantages of Hybrid apps:

  • Since this is are cross-platform apps, the applications can be used on more than one device.
  • Developing these apps is not time-consuming.
  • The maintenance is cost-effective and future updates can be smoothly done for all platforms easily as the cross-platform function allows one to do it.
  • APIs that are user rigorously such as the gyroscope, geo-location, and accelerometer among others can be easily used on these apps.
  • There is no need for a browser in the case of hybrid apps.

Disadvantages of Hybrid apps:

  • Unlike native apps, these apps take a backseat when it comes to speed, optimization, and performance.
  • Since it is a cross-platform app, some features or the design of the application might vary on various devices.
  • These are lesser interactive than the native applications.

3- Web Apps

The web applications are somewhat similar to the native apps which are basically software applications compatible with only some of the browsers. These are also built-in JavaScript, CSS, and HTML5. These applications can help the app owners to direct the users to their mobile application links and further assist them in downloading the app on their devices. Take a look at the pros and cons of web apps.

Advantages of Web applications:

  • These apps do not require much memory space of the device as they save the device memory,
  • Furthermore, these can help one save personal database of web apps on the server allowing the users to access the data on the app from any device.

Disadvantages of Web applications:

  • Hybrid apps allow access to several APIs, while in the case of web applications this is not possible making it a drawback.
  • The performance of the application can be hampered by the internet connectivity and the compatibility of the browser.

 

Mobile app development cost usa uk

 

Categories of Mobile Applications

With the integration of web applications across industries, there have been several additions to the categories of apps. It should important to mention that the iOS app store has 24 categories, whereas the Android play store offers apps under a total of 33 categories. However, there are only 7 types of mobile apps that have been able to reach the users. Take a look:

1- Business apps:

This is one of the most important categories amongst others that offer functions including billion, selling, tracking, buying, and many more. Several business apps have thronged the app stores. These apps basically aim to build more business for the companies bridging the gap between the buyers and sellers.

2- Gaming apps:

Second type of category that has been flourishing since the time apps started to make it to phones, the gaming apps do not need any introduction. Who doesn’t like to play a game or two on their phone in their free time? With the coming of age games, which offer stunning graphics and realistic features, games have taken the technology a notch higher. More than 24 percent of the apps on the app store are gaming apps.

3- Educational apps:

Modern-day parents want their children to be smart and take some extra classes through eLearning apps while at home. This reduces the time taken by them to commute to their tuition center and the child can study all on his own. The eLearning industry grows at a very rapid pace in this pandemic

 

Related- How Much Does It Cost to Develop an E-Learning App Like Byjus?

 

4- Utility apps:

These are the on-demand apps, which have gained prominence these days. From booking a cab to beauty services app, a plumber, carpenter, etc. this app covers almost every service that a user is looking for. One does not have to make calls to book appointments or go out looking for a service when they can avail it at home with the help of these apps.

5- Lifestyle apps:

The personal lifestyle of the users is enhanced to a great extent under this category. The applications that fall under this category include the likes of shopping, virtual trial, fitness, beauty among others.

6- Entertainment apps:

Who doesn’t want a break from the monotonous work and indulge in watching some videos or listening to songs on their phones? Entertainment apps that offer services like on-demand videos apps like Netflix, social media sites, chatting, posting photos, etc. have become a lifestyle nowadays.

7- Travel apps:

The motive of these travel apps is to make travel easy and convenient for users. These are normally GPS integrated, helping the users locate a route and measuring the distance between two places.

 

Cost to Develop an App: Understanding the Basics

The price of an app may vary depending on a lot of factors. Research conducted by GoodFirms suggested that the average price of a simple mobile application ranged from $40,000 to $60,000. However, in the case of a medium complex mobile app ranges between $61,000 to $69,000. Lastly, in the case of a complex, the price lies somewhere between $70,000 to $1,00,000.

Speaking of the actual cost that the app owners incur on developing an app can range anywhere from nothing to heap loads of money. We can split the kind of apps according to their cost in three categories including simple, moderate, and complex apps. Taking two kinds of rates per hour into account, below mentioned table explain a rough estimate of the cost of an mobile app.

 

Complexity Notes Time, h Cost at $50 rate Cost at $100 rate
Simple No API integration, no back-end, standard UI components, simple features like email subscription, social login, calendar, etc. 400 20,000 40,000
Moderate Custom UI features, payment features, API integration, headsets and tablets adaptation, back-end server. 500-800 40,000 80,000
Complex Multi-language support, 3rd-party integrations, custom animations, complicated back-end, professional design, real-time features. 800-1500 75,000 150,000

 

Important Factors to Consider Before Developing a Mobile App

Developing a mobile application is a process that consists of several factors which further help in regulating the success of the app. Here are the factors which are also the roadmap to creating an app.

1- Idea:

The first and foremost thing about an application is developing an idea. You cannot start working on something unless you are not sure about the idea. The entire process starts after thinking about the idea as the solution to a problem. As soon as the unique idea makes sense, one should start converting it into an app form. The plan for developing the app should be attainable and realistic. One should also keep in mind that not all ideas can be implemented when it comes to making an app.

2- Market data:

In the era of data and numbers, no one would want to invest their money into something without studying the analytics of the market and the new trends. One should understand the needs of the users and carefully examine the feedback of the users or the audience they want to target. Another thing to take into consideration is the market trends. You should know what kind of app will best work for your market and how would the users associate themselves with it.

3- Methodology:

This includes choosing a framework for your app. Since all apps work in different ways, they all follow different methods of development. The choice of a method of development depends mostly on the APIs offered by a native platform chosen by you.

4- Budget:

It is always important to keep the budget into consideration while developing an app, as you might not want to exceed it at any given point in time. The budget can go beyond what you thought if you are starting to work on the project from scratch.

5- Resources:

Do you think you are well equipped with the tools, equipment and manpower for developing an app? Well, if you have all the resources in place, it is time for you to start working on the project and develop the app. If you are hiring an agency to get app developers on board for you, then you can leave everything on them while you focus on other important aspects of your business.

6- Expertise:

This is the most crucial factor in app development. Do you think the in-house app developers have enough experience to develop an app you are looking forward to? Or will it be beneficial for you to hire an app development team to work on your project and deliver the desired results? It is suggested to hire a company to help you with the technical staff and leave all your worries to them as they would assist you with the best staff who have prerequisite experience in app development.

7- Software:

One has to decide about the platform they want to use for developing the app to get the software for the same in place. The operating system and software will vary in the case of an iOS, Android and Windows app.

8- Innovation:

Technology can help take an app far when it comes to reach and developing advanced features, therefore, it is advised to use the latest tools and technology.

9- Mobile App Marketing:

Solely launching your app is not just it. One has to invest time and money in marketing the app and making it reach the target audience and help it gain prominence among the users.

 

contact us for mobile app development

Business Models of Mobile Apps

There are several ways of monetizing an app. Let’s look at each one in details:

1- Advertising:

This is one of the topmost ways of generating revenue for any app. There are several ways of implementing advertisements in an app:

  • Display ads of the third party on your app.
  • Creating ad networks such as Twitter, LinkedIn, Facebook and Google.
  • Earning money through featured listings.
  • One can also add job listings on the app.

2- Freemium:

This is also one of the most important ways of earning money by giving out free subscriptions to users. However, the subscription-free to advanced features might ask for a certain amount to be inverted by the users.

3- Sponsors:

Apps partner with companies and brands to offer them sponsorship by giving their ads space on their apps in return of money. So instead of displaying too many ads on their apps, these apps would just showcase the ad of one sponsor.

4- Paid apps:

Not all apps are free of cost on the app store or the play store. There are several apps that one can install only by purchasing it online.

 

free-paid-apps-ios-android

5- Video advertisements:

Banner ads are a traditional way of promoting a company or brand on an app. The new way of promotion is by ingesting video ads in the apps.

 

Benefits of Developing an App

1- Increases accessibility:

Businesses create a personal relationship with their customers and can notify them about the latest offering and discounts being run by them on their products and services. This helps the business earn loyal customers and a long-lasting association.

2- Customer engagement:

Effective communication between the business and the customers through the apps help in engaging the users and keeping them hooked to the app. There is no dire need for marketing as the app bridges the gap between the company and its customers.

3- Providing value to the customers:

Unlike the old times when the customers used to be issued loyalty cards that could not be accessed by them, the new age loyalty program includes point systems or offers which can directly be seen on the app of the company. Users have full access to the loyalty programs and the offers they are offered under the same.

4- Building awareness:

One of the most effective and efficient ways to build awareness about your brand among the customers and users, mobile apps have always taken businesses a notch higher. You can promote your app on any platform and reach the target audience by your online presence. Seeing your app pop up on social media sites can be intriguing to the users who might want to click open and see if they find anything of their interest.

5- Retail experience:

With everything is digitally transforming and going online, apps have now completely transformed the retail experience for customers. Retails can get an idea of what the customer expects out of them and be ahead of them in providing them with what they seek.

6- Beating the competition:

An app acts as a ladder to success for the business as an effective app can help a brand stand out of the competition and outshine its competitors. Since several small businesses have still not made it to the app store, it is the right time for them to begin developing one to create an impact on their customers and getting in direct touch with them.

 

hire mobile app developers

 

Mobile App Development Cost of some Major Apps

  • Instagram: $ 500,000
  • Tinder: $ 485,000
  • Postmates: $ 750,000
  • Snapchat: $ 485,000
  • Uber: $ 200,000
  • Ryanair: $ 436,800
  • Facebook: $ 500,000
  • WhatsApp: $ 250,000

 

Estimating the cost of app development

Several factors decide the price of an application which one has to consider right from the beginning. These factors include the likes of:

  1. Geographical location
  2. App development team
  3. Time taken to develop the app
  4. Features included in the app
  5. Number of people hired for the development process
  6. Customization
  7. Visual designs
  8. Maintenance of the app

app development cost

 

We at Arka Softwares offer a plethora of services at the most reasonable price to our clients for app development. Our team of experts is readily available to help the app owners at any time of the day and we take utmost care to provide maintenance services even after the app is developed and launched. Our team includes experts who have been working the field for over 11 years.

 

Here’s Why you should choose us for Developing your Next App:

1- The initial contact with us will be non-chargeable where you can discuss the idea and take inputs from our experts at the same time.

2- After approving all the features and functions you want to integrate into the app, we finalize a deal with the clients and sign a contract.

3- Then our technical staff’s role comes into play when they start by analyzing the business and the tech requirements for the same. They list down all specifications and start by creating wireframes. Changes are made after holding a meeting with the client and we reach the estimated amount that will be charged for developing the app. After the deal is signed our staff starts working on the app development.

4- The development phase includes the following:

  • UI/U design
  • Development
  • Testing
  • App development

5- The last phase is the release of the app which we assure you will be timely.

 

FAQ about App Development Cost

1- How much does it cost to build an app?

Several factors contribute to estimating the cost of mobile app development. These include the likes of design, development team, location, time taken, maintenance, etc. Here is an approximate amount that is charged for building an app:

The average price of a simple mobile application ranged from $ 40,000 to $ 60,000. However, in the case of a medium complex mobile app ranges between $ 61,000 to 69,000. Lastly, in the case of a complex, the price lies somewhere between $ 70,000 to $ 1,00,000.

2- What is the time taken to develop an app?

The time taken into developing an app entirely depends on the complexities of the same. If an app is integrated with basic features, it will take less time to develop as compared to the one that has complex and advanced features and design.

3- What is the maintenance cost of an app?

It can be anywhere between 15 percent to 20 percent of the initial cost spent on the app.

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How To Create An App: 13 Steps To Develop An Mobile App

Permalink - Posted on 2021-10-25 11:56

We are living in an exciting time, where consumers are getting the relishing experience with the help of Technology. We are witnessing innovative marketing strategies coupled with mobile applications, which can help us perform almost any work possible.

Mobile apps have become a strategic tool for enterprises to provide the necessary utility to their consumers, and that’s the reason why application developers must follow a strategic development approach to develop suitable and successful solutions.

Before going any further, we need to understand what is a Successful Application? A successful application is one that is an outcome of a tried and tested mobile app development process. You need to follow a robust mobile app development lifecycle to understand how to create an app.

Arka Softwares is an ace custom mobile app development company, which has already delivered hundreds of successful mobile apps for iOS and Android platforms. Our developed apps have been regularly featured on TechCrunch, CB Insights, and Business Insider with an overwhelmingly positive response.

We know the crux of the mobile app process, and in this article, we are going to summarize 10 steps to build a successful mobile application, and we are pretty much sure that this will help you.

 

Introduction

It all starts with an app idea and a Problem statement. A person can observe a Problem and then devise an Idea to solve it with the help of Technology.

You will come across a lot of questions, such as :

  • What problem can be solved with the mobile app?
  • What aspects we must know before building a mobile app?
  • What mobile app development methodology we must follow?
  • What steps we must follow to develop an app?
  • How to build an app from scratch?
  • How much time it may take to build an app?
  • How much cost was incurred to develop a full-fledged mobile app?

These are some fundamental questions, that usually crop up while discussing a potential mobile application. We will try our best to provide you best answers and justifications for the same.

 

Key Mobile App Statistics

 

 

11 Steps to Develop a Successful Mobile App

Step 1: Start with an Idea

As we said, it all starts with an Idea, which must be coupled with a real-world Problem statement, and a vision to solve it with the use of Technology. In order to create a mobile app, we must keep the following in mind :

  • What real-world problem could be solved by the app
  • How Technology can assist us
  • What features our app can offer to the consumers

Start with an Idea for app development

It is important for an app to provide tangible benefits to consumers. These benefits include better customer experience, problem-solving ability, cost reduction via productivity improvement, or a new revenue generation model.

 

Step 2: Identification and Clarification

To develop a successful mobile app, we must identify the following aspects with an adequate level of clarity :

Target users of Application

An app is always developed to serve target users. It is important to design the app accordingly to gain user traction, which ultimately decides the success of an app.

For example, if we are developing an application for college-going youth, then we must design the interface and incorporate the features that can strike a chord with the youth.

Mobile platforms and Supported Devices

It’s extremely important to identify the Mobile platforms and supported Devices the app may function on.  It helps us to assess the hardware requirements, battery life, performance constraints, required peripherals, and ruggedness of the mobile application.

We must assess the application coverage, device support, important features, and performance constraints to avoid any issues later.

Identification and Clarification of development

Technology Stacks to be used-

We must perform a thorough analysis and decide the Technology stack, Tools, and Frameworks to be used for app development. These factors influence the app development cost, technological constraints, features, and functionality of the app. For example, we can use the open-source components to keep the cost low, but it comes with its own set of challenges as well. Hence, we must pay more attention to this step to prevent any technology-related issues later.

Revenue Model

We are developing a mobile app to generate some revenue. It is extremely important to choose an appropriate revenue approach to engage users and generate revenue to keep the operations afloat. We can use Paid application model, subscription model, in-app purchase model, advertisements, or pay per download model.  It is important for app owners to attract the user so that they can spend money on several aspects of the application.

Finance and Budget

Well, money is the most important aspect of application development, as it decides the success of an app up to a certain extent. We must pay more attention to the following aspects-

  • How much budget is required for app development?
  • How much we should spend on app marketing
  • The budget allocated for app release

 

Step 3: Signing NDA

Once the budget estimation has been completed, it is time to sign the NDA agreement. A non-disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship between the Client and the Service Provider. An NDA agreement helps us to keep your idea safe and prevent any sort of miscommunication or misunderstandings between us.

Signing NDA for development process

An NDA agreement contains Project objectives, Deliverables, Legal clauses, Project Milestones, and Annexures/References.

 

Step 4: Wireframing of App

It could be considered as a pillar for any application or website. Wireframe helps us to understand the flow of the system and gives a fair idea of how the proposed system will function, how a specific feature or module will behave in real-time.

The wireframe activity helps developers to have a precise estimate of the application development timeline. It also enables the software designer to build accurate and immaculate designs.

what is Wireframing of mobile App

Application Wireframing is usually performed by the Business Analyst, who uses tools such as AdobeXD or Balsamiq to complete this activity.

 

Step 5: Design the Mobile application

App design is another significant factor, which is highly responsible for the app’s success in the market. Always remember that a nice UI/UX design will result in better app discoverability, along with an instant impact on the mind of target consumers.

How to Design mobile app

You may ask the following questions to your client :

  • Which color scheme is preferred for the app?
  • What type of Fonts and Navigation method is required?
  • Do we need any Transition and Animation to improve UI?

The designing team must concentrate on the UI/UX design, platform-specific design standards, multi-touch gestures for touch-enabled devices. We can start with a sample, that may contain an app icon, the home page, splash screen,  and log-in page. Please prepare multiple UI/UX designs for your client and based on their feedback and preference, we can start working on the final UI/UX design.

We must prepare an up-front design for the mobile app, and then employ a structured mobile application development process to build a user-centric design.

 

Step 6: Identify App Development approach- Web, Native, or Hybrid

It is critical to select the right mobile app development approach to ensure success. The app platform, type of app, the methodology must be decided well in advance. Few organizations employ conventional development methods like Waterfall, whereas most of the developers nowadays prefer Agile methodology to deliver app rapidly.

We can start the process with the decision of the development approach among the following :

Web Apps:

These applications cost less, are quick to build, and can run seamlessly on multiple platforms. We can use CSS, JavaScript, and HTML5 to develop them. However, web applications are less powerful than Native applications.

Native Apps:

These apps offer the best user experience, fantastic performance, but also require significant skills and time to be built. Native apps are platform-specific, and it requires platform expertise to develop such apps. This makes Native app development a costly and more time taking affair, but users can experience amazing experience and usability.

Hybrid Apps:

This is considered the latest approach to create a mobile app. It combines the prebuilt native components with on-the-fly web coding components to achieve the best of both worlds. In this approach, developers augment the native language with the web code to build unique features and incorporate the native APIs, which are often not available using JavaScript.

 

Step 7: Develop a Mobile App

Once the design is completed, the mobile app developers can get down to bring everything into action. A Project Manager can be assigned, who is responsible for defining the tasks and delegating them to the developers.

Under the direction of a Project Manager, the development process executes and achieves the set milestones.

how to Develop Mobile App

Develop a Prototype

In this stage, we develop a Prototype for the application. A Prototype is a basic version of the app, which may have similar look and feel with some basic functionalities incorporated. It makes it quite easier for you to sell your application to potential buyers. They can view the tangible advantages of the app, instead of visualization.

It also helps an enterprise to attract investors, secure funding, finding licenses and 3rd party manufacturers and OEM vendors. An app prototype could be handed over to testers for functional testing, and improvements could be made based on their feedback.

Here it is important to note that, even when you are developing a Prototype, you must ensure you take adequate measures to keep your app data secured against unauthorized access or security threat.

 

 

Full-fledged Mobile App Development Process

You can work on application development by utilizing suitable technologies, tools, and frameworks.

For Android app development, you must use the following technologies
  • Programming language: Kotlin, Java
  • IDE: Android Studio
  • Database: Realm, SQLite, MongoDB
  • Tools: Android NDK, Android SDK
For iOS app development, you can utilize the following technologies
  • Language: Objective C, Swift
  • IDE: XCode
  • Database: CoreData, Realm, SQLite
For Frontend development, you must use the following technologies
  • Angular JS
  • React JS
  • .Net
For Backend development, you must use the following technologies
  • PHP
  • Ruby on Rails
  • GO Lang
  • Node JS
  • .Net Core

 

Step 8: Software Testing and Quality Assurance

It is important to test the application and remove the bugs and errors before publishing it to the world. The process of Mobile app development can’t be successful until we have robust Software Testing and Quality Assurance process in place.

Software Testing and Quality Assurance

This process is being handled by the Software Testers and Quality Assurance team. These professionals run several types of tests to make sure that the application works flawlessly in the real world. Basically, we have two types of tests (Functional and Non-functional) involved in the process of mobile app development.

Functional test:

These tests are used to benchmark an application against the functional specification and requirements of the client. This method allows developers to key in input and expects a suitable output. In other words, we can say that functional tests are used to test all the user requirements specified by the business.

Non-functional test:

These tests usually focus on the quality of the application, especially the non-functional aspects such as security, scalability, performance, response time, and usability. We can say that it covers all the tests that are not in the scope of Functional testing.

Let’s find out some important differences between both types of Test approaches to get better clarity about them.

Functional Testing Non-Functional Testing
This is performed based on functional specifications by the client, and it verifies the application against the given functional requirements. This method checks the security, performance, scalability, reliability, and other non-functional aspects of an application.
Functional tests are performed first during the mobile app development process. Non-Functional tests could be performed after Functional testing.
Both Manual testing and Automated testing tools could be used for functional testing. Automated tools are preferred for this testing
The Business requirements act as input functional testing. Security, Scalability, Speed, and other performance indicators act as inputs for non-functional testing.
It validates what the product does. It validates how good the product is.
Can be performed easily with Manual testing Need Automation Testing approach, as it is difficult to perform using for manual testing.
  • Unit testing
  • White-box testing
  • Black Box testing
  • Regression testing
  • Sanity testing
  • Smoke testing
  • Integration testing
  • User-acceptance testing
  • Stress testing
  • Security testing
  • Penetration testing
  • Compatibility testing
  • Installation testing
  • Load testing
  • Volume testing
  • Migration testing

The mobile application is tested for both Functional and Non-functional requirements. Apart from that, it must be tested on various iOS and Android devices to check, identify, and fix potential UI issues.

The app must be tested on different screen sizes, OS versions, hardware configurations, and dimensions. Such rigorous testing will ensure that no bugs or functional issues in the application when it goes live for use.

The QA sends a release note with every app build release to keep a track of the mobile testing phase. You can employ the Parallel testing approach to test the modules as soon as they are developed, or any milestone is achieved.

 

Step 9: Deployment, Release, and Launching the App

App Release and Deployment requires rigorous planning, scheduling, and controlled movement of release packages in the Test and Live environments. The primary objective of App Deployment Management is to ensure adequate integrity of the live environment is preserved, while components are released incorrect order.

Deployment, Release, and Launching mobile App

We can have the following type of App Deployments-

  • Commercial Deployments
  • Hosted Service Deployments
  • Single User Deployments
  • Cloud Deployments
  • Multi-User Deployments
  • Internal Deployments
  • Concurrent Deployments
  • Server Deployments

Publish an App on Play Store and Appstore

Both the application marketplaces have strong policies to make the application live. You should follow the given policies and guidelines to publish your app on these marketplaces.

One must provide the following information while listing the app on the marketplace :

  • App title
  • App Description
  • App Category
  • Appropriate Keywords
  • App Launch Icon
  • App Store screenshots

Once the application is submitted, it goes through a robust review process, that may take a few days. Depending on the app quality, and its adherence with both iOS and Android marketplace, it is approved and allowed to be listed, so that users can download and use it.

Once your app is deployed, you can monitor several usage parameters via mobile analytics platforms, which help you to measure the usage and success of your mobile app. You can also check the user-reported issues and crash reports to provide suitable resolutions to the users.

 

Step 10: Post-production support

As the application has been launched, feedback is pouring in, you will need to incorporate the necessary changes in the application to cater the requirements of the users. Every application needs regular updates and additional features; hence, this could be considered as the last step of the mobile application development lifecycle.

Post-production support in mobile app development

We offer post-production support for a few months (depending on the agreement), and during this phase, we fix any issue or error reported by the user instantly. Once the free-support duration is completed, we offer our customers an extended support period.

We always prefer to sign an annual maintenance contract (AMC), that provides adequate protection to our Client against any production-linked issue.

 

 

Step 11: Capture the Metrics

We have seen an exponential rise in mobile app users in recent decades. This has forced the app owners to capture the important user-specific metrics so that they can observe the trends, understand the user requirements and concerns. Unfortunately, most of the mobile app metric methods are taken from web analytics.

We must keep in mind the following input metrics :

Funnel analysis

It shows why the user is unable to complete the desired action, such as closing the app abruptly, closing the app while doing in-app purchases, or no action after clicking on an advertisement.

Social Share Measuring

Most of the users are utilizing Social Media, and this metric helps us to understand the aspects of the application capturing the attention of potential users.

Correlating Demographic data

It is important to capture the User behavior correlating the demographic data, as it helps app owners to provide a customized experience to the target users.

Time and Location Tracking

This metric gives an in-depth insight into the contexts in which the application is used.

Emergent Behavior of User

It is a critical success factor for any application to capture the emergent behavior of the user base. It helps the app owner to make the strategies and course corrections if there is any change in the user behavior.

Integrate an appropriate analytics tool

It is important to know the usage statistics of an app, so that course correction could be made, or improvements could be incorporated. For this purpose, we incorporate a suitable Analytics tool, which can provide you a clear picture of the number of users for your app, type of feedback, their feedback, and weaknesses in the app.

We have a few Mobile Analytics tools, which can certainly help in this process:

  • Firebase
  • Google Analytics
  • Preemptive
  • Mixpanel

With the help of Data Analytics, Data Science, and predictive analytics coming, you can devise the strategies to make your app highly marketable.

 

Step 12: Upgrading App Features

Once we have captured the important app metrics, it becomes critical to upgrade your applications with innovative features and improvements to address user’s concerns. A mobile app without functionalities and innovative features is going to miss its usability and popularity in long run.  Whereas if we upgrade the app frequently and incorporate innovative features, then it will enhance the app visibility and popularity among the users.

Upgrading app features

Source- android-developers.googleblog.com

 

It is also important to keep an eye on frequent updates on various platforms where your application is functioning. For example, if Apple launches a new operating System for Mobile, then we must upgrade our application to avail the benefits of new OS and its features.

 

Step 13: Market your Mobile App

This is the last but not the least step to develop a successful mobile app. Unfortunately, most people don’t pay much attention on this aspect, but let us assure you, this step can be a make-or-break point for the success of your mobile app. If you made a good app but don’t market it well, then it is going to be doomed.

We have millions of applications available on App Marketplaces, and if you don’t market it effectively, then there is a fair chance of it being lost in the multitude of apps available. It is highly recommended to make good marketing strategies, use Social media, implement innovative marketing campaigns to enhance the visibility of your mobile app, and attract potential users to download your application.

 

Challenges for Create your First Mobile App

We have covered the nitty-gritty of the mobile app development process, but we may face certain challenges while developing an effective app. Here we have listed few emerging challenges for mobile app development :

Security

This is undoubtedly the biggest challenge for any application, as security threats are on the constant rise amid massive digitalization drives. We must factor in the risks of data loss, data leakage, insecure third-party usage, hacking, exposure to malicious apps, and illegal jailbreaking while developing an application. We must use robust security policies and tools to equip the application with an adequate level of security to protect User’s sensitive data.

 

Mobile app security

Source: dribbble.com/dinosandteacups

 

Effective Policy Enforcement

Effective policy implementation is crucial for the success of an enterprise mobile application. With the rise of work from home culture and round-the-clock access to the enterprise network, it is important for a mobile app to ensure robust policy enforcement on the device so that it remains compliant with corporate policies.

Keeping Up with Technology

Information Technology is changing its paradigm frequently, and it is important to keep up with these changes to help users to avail the benefits of emerging technology. Mobile phone manufacturers are frequently releasing new iterations of their proprietary operating systems, mobile models, platforms, and hardware configurations. We must invest in research to accommodate the advanced technologies like IoT, AI, Machine learning in our mobile application to make it relevant in years to come.

Seamless Access to Company Data

Mobile app helps the remote workforce to take the office environment with them and perform various tasks just like their desk-based counterparts. However, the challenge crop-ups when a user faces challenges while accessing the data in real-time. A mobile data or Wi-Fi hotspot can serve a just purpose, but they are not quick and reliable if we compare it with broadband or corporate leased line. We may continue to face this disparity for a while, though 5G’s launch will reduce this gap drastically.

 

Conclusion

We are pretty much sure that the above information about the mobile application development process will give you the utmost clarity of the process, app development standards, frameworks, and challenges it attracts.

It is important to understand that mobile app development is an ongoing process and doesn’t stop after the initial launch, we must capture the user feedback and provide the required features and functionalities to the users to keep them hooked up.

 A successful application is that which fulfills the requirements specifications and user’s aspiration. We are quite sure, that if you follow the given process, you will be able to develop a successful mobile application, which will not only lure your customers but give you an extra edge to outclass your competitors.

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Benefits of Assistive Technology in the Healthcare Industry

Permalink - Posted on 2021-10-22 09:09

The Healthcare sector is witnessing a plethora of transformations since the arrival of emerging technologies. There is an area that is still not much explored, and that is medical service access to disabled people. However, in the last decade, we have seen an introduction of Assistive Technology and associated tools that have been used in this sector to make disabled individuals perform their day-to-day tasks with ease. 

Assistive Technology comprises mobility devices (wheelchairs and walkers), software, hardware, and other peripherals that can help people with disabilities in accessing digital technologies and computers. For example, blind people can use software that reads text on the screen in a computer-generated voice, people with limited hand functionality can utilize a keyboard with special keys or mouse for operating a computer, people with low vision can enlarge the screen content with a specific tool or software, and deaf people can use TTY (text telephone) facility to communicate.

Assistive Technology

 

Assistive Technology has been on a growing spree as it has helped enterprises to tap the customers who were unable to use their products due to certain levels of disabilities. Now they are upgrading the devices to cater to the requirements of their customers, that’s why the devices that once needed human interference have been transformed into automated ones, which makes it easy for people to avail the benefits of Artificial Intelligence and the Internet of Things solutions in the healthcare domain.

 

What is Assistive Technology for Healthcare?

Assistive technology is an umbrella term that covers the services and systems used to deliver assistive services and gadgets to disabled people. Assistive products improve an individual’s independence and functioning, thereby promoting their well-being. Gadgets like spectacles, Hearing aids, communication aids, wheelchairs, pill organizers, prostheses, and memory aids are all assistive products. As per estimates, more than 1 billion people use assistive products to perform their day-to-day functions.

 

Assistive Technology for Healthcare

 

As the population is aging and increasing cases of non-communicable diseases, more than 2 Billion people may need help with Assistive products by 2030. Assistive technology helps people to live healthy, stay productive and independent, and spend their life with dignity. Assistive technology also reduces the requirement of conventional health and support services, caregivers, and long-term medical care. 

Assistive Technology is very important as without that, people are often isolated, locked into poverty, excluded from society, thereby it increases the impact of disability and disease on a person and their family.

Assistive Technology Classification

We have Thousands of Assistive technology devices in the world and many manufacturers are developing innovative Assistive devices. Hence it is important to have a robust classification system to ensure these Technologies and Tools are developed with adequate quality and build. To overcome these challenges, multiple classification systems have been developed to organize the Assistive Technology and Tools to a specific standard. Assistive Technology is broadly classified into 3 types of classification systems:

  • National Classification System for Assistive Technology Devices and Services.
  • The International Organization for Standardization’s classification of assistive products for persons with disabilities (ISO 9999).
  • ICF-based classification (ICF/AT2007).

healthcare app development

 

How is Assistive Technology improving the Healthcare Sector?

The healthcare sector has started making good use of different kinds of Assistive devices that work with other advanced technologies like Artificial Intelligence and Machine learning. These Assistive devices have brought a lot of improvement in the healthcare sector; we have listed a few examples here for your reference:

Mobility Aids

It assists people to make movement within their environments by making some sort of modifications of vehicles such as canes, scooters, crutches, walkers, electric wheelchairs, etc.

Positioning and Seating Aids

Such devices can help a person to adapt to the seating and maintain the right position. We have several types of wedges, cushions, standing tables, braces, and positioning belts, which fall under this category of stuff.

Daily Task Assistants

Such devices consist of dressing aids, modified eating utensils, page-turners, pencil holders, adapted books, and adapted personal hygiene aids.

Sensory Aids Devices for Vision and Hearing Impaired

These assistive devices can help people with vision and hearing impairment. We have visual alerting systems, hearing aids, a Braille system, digital magnifiers, speech/telecommunication output devices, and large print screens that can help people with such disabilities.

Recreational Aids

These assistive devices allow people to participate in social, cultural, and sports events. It contains controls for video games, a seating system for boats, cuffs for grasping the racquets and paddles, and an audio description system for movies.

Home and Workplace Modifications

This is accomplished by making some structural adaptations, which can remove or reduce the physical barriers such as ramps, lifts, automatic door openers, expanded doorways, etc.

Augmentative and Alternative Communication Devices-

These devices assist those people who wither have speech impairments or have the low vocal volume to communicate. It includes communication software, voice amplification devices, and speech-generating devices.

Orthotics and Prosthetics

These can be utilized for the development or replacement of certain body parts such as artificial limbs or other orthotic aids like splints or braces.

Computer Access Aids

These consist of alternative keyboards, light pointers, voice-to-text software, switches activated by sound or pressure, special software, and touchscreens.

mobile app development

 

Environmental Control System

These devices help people to control other appliances such as TV, Telephones, or pushing the switches for devices. These devices could be activated by eyebrows, breath, pressure, and other gestures.

By such devices, it is proved why assistive technology is important for the healthcare sector. Over the years we have witnessed how assistive technology is changing the health care sector and this also shows the potential of this technology for the future. 

 

Read Also:- Doctor on Demand Mobile App Development Cost and Key Features

 

Who Adopts Assistive Technology?

Assistive Technology has opened unimaginable opportunities for the healthcare sector. As we know that Assistive technology is an umbrella term, which includes assistive, rehabilitative, and adaptive devices for people with different degrees of disabilities. The domain is extremely rich, as far as potential opportunities are concerned, and it is awaiting the right mix of Assistive Technology and Tool to create disruption in the market. 

Adopts Assistive Technology

However, if we talk about technology adoption, it depends on the kind of Technology, its User, and the type of Use case. Assistive technology has been used by the following organizations.

Business Organizations

Almost every kind of business organization can utilize Assistive technology for their employees, to enhance their productivity and help them to carry out essential tasks. Organizations can utilize special writing and reading software, speech-to-text & text-to-speech software, Visual Scene Display platforms to enhance the efficiency of their employees.

Schools and Universities

They can use Assistive technology to make general education and learning more affordable and accessible for disabled people. Hi-tech assistive devices can be programmed for usage in education classes to impart technical education to students having learning disabilities. 

Job Training and Rehabilitation Centers

Such organizations can easily adopt Assistive technology to train and help people get suitable jobs. Assistive technology not only eases the training process, but if we club it with AI and ML, then it enhanced the overall training experience and makes people aware of the market requirements. 

State Governments

State governments are indeed adopting Assistive technology to enhance the ambit of their Social Security and Veteran benefit program. Governments are providing Assistive products to their people once doctor prescribes it as an essential medical device. 

Communication Sector

With the help of Augmentative and Alternative Communication apps and embedded software, the communication sector can offer solutions to people, who are suffering from learning disabilities and cognitive illnesses (cerebral palsy, dyslexia, autism, ALS, and TBI). 

 

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Socio-Economic Benefits of Assistive Technology

When implemented effectively, Assistive Technology-enabled care can help us avail numerous socio-economic benefits. Here we have listed a few of the benefits:

  • Service providers can use Assistive Technology and Tools to support vulnerable people and to make sure that they stay independently in their own homes for a longer period. 
  • It reduces the requirements of complex care and medical interventions. 
  • Improves user satisfaction and reduces the cost of treatment, as they are being treated at their home, without being admitted into the hospital or care centers. 
  • Enables remote health monitoring through technology, this has been observed during the recent COVID virus spread, where patients were treated remotely, and their health situation was improved with the usage of Assistive Technology. This reduced the exposure to the virus for not only the patients but the caregivers as well.
  • Assistive Technologies create an intelligent system that can provide both preventative and predictive measures, to enhance and sustain expected health outcomes. 

Challenges of Assistive Technology

Assistive Technology is gaining traction in the healthcare industry, but it comes with its own set of challenges. Here we have listed a few such challenges.

Assistive Technologies Challenges

Lack of Policy

You may not believe but very few countries do have a fully functional national assistive technology program or policy. In most countries, access to assistive technology is either non-existent or quite poor.

If we talk about Western countries, then they either rationed the assistive products or did not incorporate them within the ambit of their public health and welfare schemes, which leads to a high out-of-pocket payment by the patients and their respective families.

For example, in European countries, there is a state policy to provide older people with only 1 hearing aid. However, contrary to the policy the fact of the matter is that most people at that age usually need 2 hearing aids to perform day-to-day functions. Hence, we can say that lack of policy or botched-up policy is actually hindering the efforts to offer assistive technology to the masses.

Lack of Assistive Technology Products

Assistive technology is still in the emerging stage and the associated industry is still in a nascent stage, which primarily serves high-income markets. This industry is mired with a lack of state funding, a robust service delivery system, research, and development setup, adequate quality and safety standards, an efficient procurement system, and effective and context-appropriate product design. All these shortcomings are impacting the evolution and acceptance of Assistive technology among people.

Lack of effective Service Provisioning

In developed countries, Assistive services are usually not well integrated. People are forced to visit multiple locations and hospitals to avail the of Assistive services and devices, which makes it a costly affair for themselves and their caregivers. On the other hand, most of the low- and middle-income countries don’t have an effective service delivery system for assistive services and products.

The poor people remain dependent on charity and donations services to get assistive devices for themselves. NGOs and Charity organizations do supply such products, but they are mostly erratic, sub-standard, and used products. Such devices are usually not appropriate for use, may lack repair and support mechanisms.

Lack of trained healthcare professionals

We need adequately trained health professionals, who can help with prescription, user training, device installation, and follow-up of assistive products. These steps are very much required to operate an assistive technology product without any hassles, and most importantly without causing any harm to the user.

For example, we need trained professionals to prescribe and install wheelchairs with pressure relief cushions, which can help people with spinal injuries. In event of any casual approach, while prescribing such a device to the user, it may cause an accident or some sort of discomfort to the user in long run.

 

mobile app development

 

Assistive Technology – Final Words

There is no doubt that Assistive Technology and Tools have changed the lives of millions of people across the world, and they are here to stay in the future due to their utility and the benefits offered. It is important for Assistive product developers to understand and analyze the requirements of customers with disabilities, then develop solutions to cater to their needs. 

There have been several studies, which have assessed the positive impact of Assistive technology on the lives of consumers, healthcare cost, taxation, Insurance, and several other parameters. It has been proved beyond any doubt that Assistive Technology is a game-changer for the Healthcare sector, and it will only be going to gain the traction and confidence of the customers and healthcare providers in the future.

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