Trends have been the hallmark of the fashion industry over the last few decades. Such trends are usually short lived – they probably last for a season or so. Now we live in a social media world, where trends last less than a day! But on a serious note, paying attention to game-changing trends in the mobile & tech world makes sense for enterprises lest they miss out on opportunities which impact their very existence. If Kodak had only paid attention to how photography changed through digital cameras and then mobile phones, the company would still be thriving in an era where selfies and point & shoot are common
Recently we welcomed Ravi Teja Bommireddipalli as our CEO. Ravi is a rare blend of engineering, business development, design thinking and transformational business strategy. Ravi is a global digital consulting leader with experience across diverse industries in the US, Europe, Africa, Asia and Australia.
Emerging technologies are making things exciting in every realm of life; things which were imagined only in fairy tales are becoming a reality today. Mobile made it possible to communicate with anyone we want to from anywhere and anytime, Virtual Reality is opening up possibilities to be anywhere we want to anytime we want to.
When the first commercial flight took off over a century ago, carrying 1200 passengers in a short span of 4 months, little did we know that airline industry is going to change the way people travel forever. Back then, it was a mode of travel only for the elite; the first air ticket ever sold was purchased for $400 (a sum that would be equal to $10,000 today). Today, air travel has become accessible to most and carries a humungous 3.6 billion passengers per year. The airline industry has not just seen an avalanche of passengers but also an immense shift in the way it operates, thanks to the new and exciting technologies impacting the airline landscape.
With billions of smartphone users across the world spending a humongous share of their day interacting with the device, every business is trying to get into the fertile land of mobile apps to engage with their customers. No wonder the number of apps in the app stores has skyrocketed to around 5 million. While every business big or small wants to get into the mobile platform, most aren’t sure of the investments they will have to make for a viable mobile app.
There are millions of apps out there in the app stores vying for users’ attention. The apps which do get downloaded are abandoned in an eye’s blink. Almost 77% of users never use an app again 72 hours after installing. Time spent on apps is also low with 34.1% of mobile app engagements lasting less than one minute.
In this scenario, how can app developers make sure that their apps are not just downloaded but are retained as well?
The first ever aeroplane took flight on 17th December 1903. Today, over a hundred years later, with 3.7 Billion passengers a year and delivering one-third of the world’s trade, the airline industry has come a long way.
With the growth of airline industry, the players have also mushroomed, each trying to win over customers by delighting them through value and innovation. The customer too expects something more with every flight they take. Airlines are stepping up their game with technology and are trying not just to meet customer expectations but exceed them.
“The mobile phone is a bit like God – it’s omnipresent.”
-Joana Picq, Jampp
By 2020, more than 70% of the planet’s population will own a smartphone. This alone is the biggest indication of the fact that we are moving towards a mobile only world. To be future ready, it is not enough for business leaders to integrate mobile into their business strategies, rather they have to look at their strategies through the lens of mobile.
The financial sector is going through a seismic transformation, and this change is gaining momentum at an astounding speed, thanks to the growth of the Fintech industry. In the past 11 years, the number of Fintech enterprises worldwide has increased from 1000 in 2005 to 8000 in 2016, and during the same period, global funding in Fintech reached a staggering $78.6 Billion from a mere $5.5 Billion.
The lines between digital, mobile, technology and apps are blurring in today’s world. We at Robosoft are keen followers of developments in this arena. Here’s a quick summary of what’s buzzing: