#anteelo Archives - Page 30 of 63

Dynamic Healthcare System: Blurring barriers between payer and provider

Posted on 25/06/202008/06/2021 by Blogs

Recent headlines have been full of news about major healthcare mergers and acquisitions, often involving newcomers to the industry, but also creating a convergence of traditional payer, provider and pharmaceutical benefit management companies.

Here are some of the latest examples in the changing healthcare scene:

CVS Health, a large pharmaceutical benefit manager, is purchasing Aetna, a large insurer, while Cigna, another large insurer, is acquiring Express Scripts, another pharmaceutical benefit manager.

Meanwhile, tech giants Amazon and Apple took some giant steps into the healthcare fray. Amazon entered into a joint venture with Berkshire Hathaway and J.P. Morgan Chase in an effort by all three to control employer costs, and Amazon also purchased PillPack, an online pharmacy company, and expects to expand services after obtaining state licenses. Apple showed its commitment to shake up the healthcare status quo by expanding its personal health record system, partnerships with hospitals and A.C. Wellness centers – all with a goal of gaining greater influence on healthcare consumption.

The convergence moves the industry away from the traditional separation of payers (health insurance companies and self-insured employers) and providers. Typically, payers are defined as the organizations that conduct actuarial analysis and manage financial risk by collecting premiums and managing payments for services delivered. Providers, meanwhile have typically been defined as healthcare practitioners and organizations that deliver and bill for services, including inpatient, outpatient, elective and emergent.

Those narrow definitions have been shaken up in the post-Affordable Care Act (ACA) world. In the past, the focus was on fee-for-service and capitated contracts under which HMOs or managed care organizations paid a fixed amount for its members to a provider. But the ACA moved the emphasis to value-based care, pushing more financial risk onto providers and away from payers. That means insurers and providers also need to consider how they manage pre-existing conditions and use risk scoring to determine the likely needs of their patients, as their approach can make the difference between profitable success and unprofitable failure.

In this new and complex environment, mergers and acquisitions are seen as a way for both providers and payers to build up their capabilities and respond to the need to enhance patient care, improve population health and reduce costs.

For traditional healthcare incumbents, we believe this also means using a “secret” weapon non-traditional players already leverage: data analytics.

Better data and analytics life cycle management can yield the insights payers and providers need to balance their priorities and deliver value-based care.

How to balance risk and patient outcomes

But first, what do all of these changes entail, and how do they take providers and payers beyond their narrower definitions?

In the post-ACA world, providers are looking to take more financial risk as their actuarial capabilities improve. This would allow them to negotiate more effectively with payers to achieve care outcomes objectives while balancing reimbursement and risk.

Payers, meanwhile, are acquiring doctors’ offices and other providers, or combining with retail clinics and other points-of-care to combine care delivery with financial risk management. To accomplish these goals, payers need to take a more active role in managing the healthcare professionals that they employ as well as the patients who visit those practitioners. Having access to the care delivery setting also allows for greater accuracy.

Managing these activities – by both the provider and the payer – needs to go beyond just financial management. It needs to include operational excellence, using robust data analytics to communicate with people and organizations delivering care. It also requires having performance-level agreements and bidirectional communication in place to measure and monitor reasonable objectives set by both payer and provider. Indeed, collaboration and communication will be crucial to overcome tensions that are building as providers try to deliver on value-based contracts. Finding a way to integrate insights from the back-end will help to ensure both the payer and provider perspectives are understood.

Use data to your advantage

A balance between the needs of the provider and the payer – while prioritizing the needs of the patient – will require change management and deeper insights on what works, what doesn’t and how outcomes for all stakeholders can be adjusted and improved. Those insights must be based on hard data, which will require more robust data, analytics and IT infrastructure. Organizations will need to deploy data and analytics life cycle management – including input, ingestion, management, storage and data utility. Integrated workflows make it easy to collect better, well-rounded encounter data, improving how providers work and increasing provider and patient satisfaction.

That data needs to encompass all parts of the healthcare continuum, meaning patient experience as well as provider and payer data. For this to happen, payers and providers must ensure better consumer engagement by spurring patients to take charge of their own care and using the data provided by patients to improve insights. Being able to see the end-to-end experience of the patient can affect the pieces accordingly.

Brave new healthcare environment

This brings us full circle to the changing industry dynamics and the entry of non-traditional players into the healthcare arena, since the big tech players such as Amazon, Apple and Alphabet know how to leverage data analytics to gain customer insights. As healthcare incumbents build and acquire assets, they will need to match these capabilities and build on their own strengths to ensure they aren’t left behind in this brave new healthcare environment.

Blockchain Projects Ruling the Decentralized Economy- Guide

Posted on 24/06/202007/06/2021 by Anteelo Master

Blockchain has come a long way since it was described by Stuat Haber and W Scott Stornetta back in 1991. The technology has become one of the biggest innovations of the century and has given rise to various new possibilities in different sectors and industries. Say it fintech, retail, healthcare, enterprises, real estate, or supply chain.

A clear evidence of which is that today, almost every entrepreneur, digital marketer, and even blockchain development firm is showing an interest in learning the basics of blockchain technology and looking ahead to entering the space. And eventually, getting a slice of the market which is anticipated to be valued USD 39.7 Bn by the year 2025.

They have also begun looking into the latest blockchain trends and the best business models top players are working with.

However, most of them are missing one main point.

With the growing popularity of the technology, different ways to embrace it for business transformation are coming into the limelight and so, the kinds of blockchain projects; making everyone intrigued to know which of these types is destined to aid them in leading the digital environments in 2020. Something that you will come to know by the time you reach the end of this article.

So, shall we begin?

[Just in case you want to take a recap of the role of blockchain on the industries, check our blog on ‘the impact of blockchain on the economy’.]

Explained: The 5 Categories of Blockchain Projects

1. ‘Fear of Missing Out’ Blockchain Solutions

The first kind of blockchain solutions that are getting developed these days is FOMO (Fear of Missing Out).

As depicted from the name, this type of projects are brought into life just to ensure that companies do not remain behind in the market. They have not held any meeting and discussed its role into their traditional business model and the possible outcomes they would derive from it in a particular time span. Or even looked into whether investing in blockchain app development is beneficial for them.

Rather, they have just taken this step just to show that they are innovative and work with the latest technology trends impacting the business world.

These kinds of projects, as you might have guessed so far, do not create much value for the business and remain a marketing act for the company. It just increases the chances of your target audience giving a second look to your business products/services or competitors fear of missing out and take the same step.

What’s more, the poorly planned blockchain projects might overburden the existing business ecosystem and demand additional costs. This can make leaders conclude that they ‘tried and failed’ blockchain or doubt on its future. Whereas, the only problem is that they kept on focusing and investing on the wrong use case of the technology.

2. Opportunistic Solutions

The second category in which blockchain projects fall is Opportunistic solutions.

These types of blockchain solutions are devised to solve any known problem, especially related to record-keeping. They add value to the business, even when not being operational for a longer period of time.

The only problem associated with this project type is that one might lose control over data and contracts later.

When looking into the real-life examples of Opportunistic blockchain projects, the blockchain solution developed by the Depository Trust and Clearing Corporation (DTCC) to regulate records from credit-default swaps is the right one to consider.

3. Trojan Horse Projects

Trojan horse projects also landed into the list of type of blockchain business ideas gaining momentum this year.

These projects, just like trojan horses, are attractive, backed by respected brands and address the usual and wide-reaching problem in a particular industry. But, they demand users to share their sensitive information and transfer some control in such a way that results in market consolidation for the prime blockchain owner. So, it is required to invite different groups of people/ecosystems to participate in its processing.

A potential example of a trojan horse blockchain project is a food-tracking blockchain system. This system run by blockchain, unlike the traditional centralized ones, take comparatively less time and effort to determine the point at which the food items were adulterated/replaced, the people responsible for the same, and prevent it further. It enables users to access the records in real-time and prevent dozens of people from falling sick or suffer in other ways. But only when the participants are ready to share their personal information on the network.

These kinds of projects are quite effective. However, there’s a risk involved with considering these projects. They become reliant on the owner’s technology and locked in to the contract terms. But, with the passing time, they gain more control over the market because of having heaps of user data.

Also, the business currencies involved in the ecosystem where Trojan horse blockchain projects exist usually trade at a much higher risk level for the participating users.

4. Evolutionary Blockchain Projects

Another type that business leaders focus upon is the evolutionary blockchain project.

As the name suggests, these projects evolve with time. They are designed to improve over time so as to employ tokens with decentralized governance.

One example of such kind of blockchain software/applications comes from UEFA – the central committee for European football. UEFA works with two Swiss technology companies, TIXnGO and SecuTix, to create an evolutionary blockchain platform that drives a more equitable and safer market for the sales of football tickets.

The blockchain-powered platform encourages ticket buyers to download the SecuTix and TIXnGO applications. Here, the tickets are tokenized so as to keep a real-time record of the ticket purchase and connect it to the ownership details.

In case someone wishes to give away their ticket to a friend or colleague, they can do it through the application, which then stores the record of the transfer in the blockchain ecosystem. And if they wish to send it to anyone in the open market, the SecuTix platform can help them by defining that markup resellers are empowered to charge. This, as a whole, ensures that no unreasonable pricing is being asked or illegal brokers come into play.

Besides, the secondary market for tokenized tickets could mature into a decentralized sales network with time, such that it brings all the second ticket sellers at the same place.

When compared to trojan horse blockchain projects, the business currencies in this type can trade at a comparatively low risk level for the participants.

5. Blockchain-Native Solutions

Last but not least, blockchain native solutions are also among the type of projects business leaders consider in 2020.

Designed by startups or extended teams of existing organizations, these projects are meant to bring forth a new market of opportunities or disrupt an existing ecosystem. They might begin with different perspectives and facilities, but are supposed to move in the direction of tokenization or decentralized governance with time.

When talking about blockchain-native project types, the two industries that come to the limelight are Education and Sports.

In the Education sector, these projects emerged as a non-profit digital education society where students and teachers from different parts of the world could come together and relish the perks of higher education without worrying about learning exchanges or payments. The best example of which is Woolf University, the one founded by a group of scholars from Cambridge and Oxford and known as the ‘decentralized Airbnb for degree courses’.

Likewise in the gaming sector, these projects enable users to create their own tokens to support their favorite games and players. A perfect example of which is Enjinn.

The Blockchain native solutions introduces new business approaches into the market but comes with major currency risks. Because of this, they are preferred only by those who wish to manage their own data and experiment with the concept of decentralization independently.

Now while the definition and approaches of the different kinds of blockchain projects might have helped you with understanding which one is the right pick for your business, you can reach our blockchain consultants to know further. Our team has years of experience in helping startups as well as established brands from different industries to determine the right way of integrating blockchain into their traditional system and reap higher benefits. And that too, without worrying about the hidden business and tech-based challenges.

The Internet of Things aiding Healthcare

Posted on 24/06/202008/06/2021 by Blogs

There’s so much talk across healthcare about electronic medical records (EMRs). For many, it seems to be the answer to every question, solving all problems of healthcare. At a recent Health Information Technology WA (Western Australia) conference in Perth, for example, three plenary speakers on the main stage were touting its benefits. Unfortunately, the reality is quite different.

Looking at global trends and the shift to value-based care, I believe there’s ample reason to question whether electronic medical records (EMRs) are actually the right approach, especially when the objective has changed from a hospital-centric approach to a patient-focused model that goes beyond the walls of the hospital. There’s also every reason to question whether it is a sound investment. For example, since 2011, the United States has spent $38.4 billion implementing 30-year-old EMR technology in hospitals, according to a 2018 Centers for Medicare & Medicaid Services report. Yet despite successfully computerising health practices, data is still largely locked into hospital systems, and sharing data across health systems remains difficult.

With the healthcare model shifting towards prevention and personalized care, providers and payers are rethinking their approach, and instead are turning to technologies such as the internet of things (IoT) to engage patients, improve outcomes and bring down the cost of care.

From patient to customer

One healthcare organization that took a truly innovative approach to a customer-centric healthcare model is an academic health centre based in the United States. Renowned for its population health studies, the centre’s former chief executive officer wanted to engage patients as consumers, based on a simple objective — to keep those with chronic diseases out of hospital.

The project began with the creation of an innovation group, headed by a chief experience officer overseeing a multi-disciplinary team from customer-centric industries, such as hospitality, publishing, entertainment and automobiles. Most notably, there are no technologists from EMR/EHR (electronic health records) vendors within this group. To this progressive team, the health center added clinicians, who were given access to over 30 million patient records dating back 30 years to analyze the social determinants affecting chronic illnesses such as hypertension, diabetes, chronic obstructive pulmonary disease (COPD) and heart disease.

Based on a set of algorithms, the team was able to identify three social determinants that have the greatest impact on chronic disease:

Access to transportation – Can you get to and from your job and school easily?
Access to good food – Do you have access to quality produce or is the only store accessible from your house a 7/11 selling “convenience” food?
Access to education – Is there a good school in your area with good teachers?

But how do you get good information from patients/consumers on these issues, given that surveys typically have low participation, with only 30 to 40 per cent of people taking part?

Mobile apps and IoT devices are part of the solution. Unfortunately, most apps are focused on a single condition or health issue, rather than factors that influence the patient’s overall health: socio-economic determinants, your environment, health behavior, as well as the quality of healthcare you receive.

Three months later, the innovation group released a mobile app as a proof of concept.

As part of the programme, patients were given a kit that included a Microsoft wristband, a Bluetooth blood pressure cuff, inhaler and weight scale, all connected to the app. In addition to health monitoring data, the app also captured data on life style, such as whether the patient smokes, exercises, etc.

Scaling outcomes

The pilot was a huge success, but the next step was to scale it to 4,000 patients, which was going to be another significant challenge, considering that the nurse-to-patient ratio is about one nurse for 20 to 40 patients. So, the centre started looking at customer relationship management (CRM) solutions.

Once the digital platform was in place, the innovation group had to redesign a new operating model that would support these 4,000 patients. After testing a few configurations, the team landed on a “pod” model that consisted of one nurse and two health navigators — non-clinical support staff focused on customer relationship management. Because the system works by exception, the care coordinators are notified by the platform when an interaction with the patient is required. The rest is automated by the platform, sending reminders and analysing patterns by using IoT monitoring devices and advanced predictive analytic models.

Success with such a large group of people requires engaging with patients where they are and in a way they can relate to. Thanks to the data gathered, the center knew a lot about these consumers. For example, they knew that most prefer to be contacted by text messages and most were fans of the show, Game of Thrones. With this knowledge, on the evening of the season finale, they reached out to hypertension patients with a simple message: “Tonight is the big night for Game of Thrones, and we know you might get excited, so don’t forget to take your blood pressure before the show, and take your meds if required. Have a good night and enjoy the show!” As trivial as this seems, it is details like this that engage people and empower them to make life style changes.

After 12 months, the new platform and engagement model has given the center huge insights, including enabling providers to predict future chronic disease patients with high levels of accuracy, and it has delivered significant outcomes. Here are a few numbers that I find very compelling: The centre has achieved 95 per cent of customer satisfaction, a 23 per cent reduction in emergency services costs, and reduced the total cost of care by 36 per cent.

Increasingly, no matter the healthcare model, the objective must be to improve health outcomes and keep patients out of hospital as much as possible, not only because it’s better for the patient but also to improve financial outcomes and allow health centers and hospitals to focus on truly innovative, cutting-edge care delivery. That’s not something that can be achieved with an EMR.

Failure of On-Demand Platforms- Reason & Solution

Posted on 23/06/202007/06/2021 by Anteelo Master

The glaring success of the on demand era has given birth to a school of thought among the tech community. They have started believing that following the uber business model and entering the on demand industry will be the only move that is keeping them from reaching complete success.

While it has worked for a number of businesses like GrubHub or Airbnb, the number of businesses that have failed are also extremely huge. In fact, if you sit down to make an excel sheet comparing the on demand services fail vs success ratio, you will find that the number of businesses that struggled to survive were more than those which didn’t.

But does this mean that you should give up hope on your on demand platforms’ business success and give up? Of course not. What it implies is that when you plan to succeed in the crowded on demand market, you should also factor in the reasons behind the application’s failure.

The intent of this article is to help with just that.

Table Of Content

Understanding Uber’s Success in the on demand sector
The List of on demand Brands That Failed Miserably
Reasons Behind on demand Business Failure
How Can on demand Businesses Save Themselves From Shutting Down Prematurely?
Conclusion

Understanding Uber’s Success in the on demand Sector

When you dissect the on demand economy, you will find that it is mainly built on three building blocks: delivery immediacy, consumption passivity, and a fixed cost. Uber did not just ticked all the three boxes of the on demand business model, but also aced some other factors that helped it build a seamless ride booking user experience.

Here are the two factors which added to the brand’s success, making it one of the most successful on-demand companies:

The company operates in populated urban cities where there’s enough liquidity for making the marketplace work.
The customer base were already very familiar with trusting a stranger to take them places. Thus, creating a trust in the market was never a problem.

The Uber model doesn’t care about the transaction’s intimacy aspect nor about the disintermediation challenges. Imagine once you on demand home service app users find a person they like for cleaning their house or planning their kids, how would you stop them from contacting those service providers directly, without going through your application? This disintermediation when continued can lead to greater burn, churn, and in some cases extinction of the business.

Since the Uber model didn’t include the need to care about intimacy, they could survive and grow on a much greater speed. But not every Uber-like story has a happy ending. There are a number of once top in the game on-demand platforms that have fallen owing to the on-demand challenges.

The List of on demand Brands That Failed Miserably

1. Happy Home Company

Happy Home Company was a twist in the otherwise traditional home service market. The idea behind the brand was to offer users home maintenance plans which included recurring things that had to be kept in top working conditions. Inspite of bagging $7 million from investors, Happy Home’s founder wrote a shutdown letter which stated, “Ultimately we weren’t able to make the transition from a scrappy startup to self-sustaining company.”

2. Pronto

The business was set out for helping people get healthy meals faster. The UK based service had the work with the intent of connecting the users with chefs while enabling food delivery in under 20 minutes. It had every element to make it one of the most flourishing on demand delivery apps. Even though the idea sounded good to investors and adopters, the company couldn’t keep up with the promotion budgets of Uber and Deliveroo – one of the very commonly occurring on demand challenges.

3. Workers On Call

AI has changed the face of work, this is something that has been established over time. The Workers On Call services used AI systems for streamlining matching of employers with freelancers who needed jobs. The application that boasted of freelancers getting matched and started to work in under 30 minutes, although backed by a powerful vision, was a little ahead of its time. The brand even after raising $30K funding, signed off with a tersely message saying, “Bye Bye. Sorry Workers On Call is closed.”

4. Homejoy

One of the textbook examples of failed the businesses is Homejoy. Started with $20,000 seed funding in 2000, the business became a big name in 2013 when it raised $38 Millions – making it one of the most successful on demand startups. But soon the customers started failing to convert past their first booking. In fact, only 15-20% people re-booked in a month. The numbers were simply not enough for the brand to survive. Add to this the legal battles against classification of workers a s independent contractors led to the business’s death in 2015.

[Further Read: Why Did HomeJoy Failed]

The truth of the hour that still remains is that even after these on demand platforms failure instances, the fact how the internet has trained consumers to get services in real-time is not stopping budding entrepreneurs from entering the on demand economy. But how can businesses ensure that they are not destined to become yet another name in the list?

While one way to get some satisfaction would be to partner with an on demand software development company that has worked with the inception of popular on demand businesses, it would also help to know the on demand services failure reasons that can lead to their failure.

Reasons Behind on demand Business Failure

1. High Competition

The upsurge of hyperlocal service demand has led to a rise in demand of on demand services attending to the complete needs of their customers. One way entrepreneurs are competing in the market is by lowering their service costs. This, in addition to the high operational costs of transportation, infrastructure, and labour has been keeping on demand startups from flourishing.

2. Reluctance among Venture Capitalists

With on demand failure stories shooting off the roof, investors have started becoming wary of where to put in their money. As it is, getting funded on your application has been a difficult process and when you add in the unsureties that the sector now comes with, the probability of raising money lowers even further.

VCs are now becoming all the more cynical about the startup’s longevity. Businesses that are promising a strong long-term vision with a cash flow picture backing it have become the only answer to the types of apps investors will be backing in 2020.

3. Product Incompetence

If there is one event that follows every successful startup, it would be the fact that competitors are soon to follow. The value that your business once offered starts getting challenged and bettered by the competitors. This, in turn, is leading to the product becoming incompetent in the market, irrespective of the efforts that went behind on demand app development services.

Brands that are failing to keep up with the changes with timely pivots are soon finding themselves crawling out of the on demand space.

4. Inefficient Resource Set

The lack of an experienced set of people can most often than not result in the failure of on demand companies. The same applies for the on demand industry. Irrespective of which on demand domain you pick, you will find that the ones that survived were known for their skilled workforce. A lacking on this front can lead to on demand business losing their worth in the industry and thus get closer to their demise.

5. Not Being Able to Solve Real Problems

A number of on demand companies that fail deal with band-aid type of problems in place of emergency room type problems that make the solution extremely non attractive to the end users. Example: For example, imagine an on demand car wash service. Just how frequently would users demand the service? But the expenses a business will have to make to keep it afloat would be huge. In short, the business neither ends up being cost-efficient nor effective.

6. Under or Over Valuing Demand and Supply

The last in our list of reasons that tend to lead directly to business failure is under or over valuation of demand and supply that your on demand business would garner. Businesses, more often than not undervalue the demand that they would attract and thus plan low on supply. Likewise, they at times think too much of demand and end up with an underutilized supply of resources.

Now that we have enlisted the most common reasons behind an the app business failure, let us dive into the way outs – how can on demand businesses prevent this fate.

How Can On demand Businesses Save Themselves From Shutting Down Prematurely?

Market Expansion

One of the biggest issues with today’s top-on-demand businesses is that they don’t expand from their existing markets. The entrepreneurs who are very new to the industry end up being limited to a pool of loyal customers and don’t think of expansion opportunities. The problem with this is that the moment a new competitor with deep pockets enters the market, the probability of them getting out of business increases.

Here’s a look into the expansion roadmap that we generally share with our clients when we assist them with on demand app development.

Make Your Customer Needs Your Bible

In the fight between what you can offer and what your users need, your offerings should always prevail. Although it can be a sweet attraction to invest in tomorrow’s big need, it can be extremely unwise to let go of your customers’ present day needs.

The truth is that you will get a multitude of opportunities and time to pivot your startup. But what you won’t get is the current time and your users present day needs. Getting insights into this information is what a sound on demand mobile app development company can help you with.

Think of Being Monetarily Prepared First

The matter of the modern day fact is that it is very difficult to get funding on an application. No matter how well propositioned your application is or how green your cash flow statement looks, there is zero guarantee of you getting funded.

The solution on this front can only be to look into alternate financing options and not remain limited to VCs.

Conclusion

The growing cases of on demand industry failures have led to the sector getting the image of being a house of card. The only way for entrepreneurs to enter and succeed in the domain would be to do extensive user research. One way we suggest to achieve this effortlessly can be through the mode of product design and development sprint – one of the key practices that on demand app developers follow.

Business Benefits and Services of Blockchain

Posted on 23/06/202007/06/2021 by Anteelo Master

The real-world applications of blockchain are expanding by the minute. But the resources and skill sets needed for developing blockchain applications and hosting them are neither cost effective nor popularly available. Is blockchain as a service for business the answer of how to make blockchain technology accessible to an audience?

In this article, we are going to look into the BaaS solution for business works, the benefits of blockchain as a service, and how to choose the best BaaS providers operative in the market today.

Table of Content

What is Blockchain as a Service?
How Does Blockchain as a Service Business Model Works?
How Blockchain as a Service is Shaping Businesses?
The Region Wise Adoption of Blockchain as a Service?
The Top Blockchain as a Service Providers
A Look Into Self-hosting Blockchain Applications

What is Blockchain as a Service?

For offering the benefits of blockchain based services to a wider audience, the technology has started being offered in the cloud as a service business model. On the operational front, it is more or less similar to the SaaS, PaaS, and IaaS models which enables using cloud-based apps and storage.

It allows businesses of all types and sizes to access blockchain based technologies without investing in the in-house development. The BaaS model enables companies to access the blockchain provider’s service wherein they can develop blockchain applications at minimal cost. This benefit is what has made it a key part of the blockchain technology trends.

The only limitation of the BaaS solution for business is that it asks for a certain level of centralization since the transactions have to be funneled through the host’s blockchain services. And because the answer to how blockchain is used in business lies at the center of decentralization, companies tend to be wary of its adoption.

Key takeaways:

Blockchain-as-a-Service is third party cloud infrastructure and management that businesses use for developing and managing blockchain applications.
It operates as a web host which runs an app’s backend.
BaaS acts as a catalyst which leads to widespread adoption of blockchain technology.

How Does Blockchain as a Service Business Model Works?

Blockchain as a service business model describes the process through which third parties install, host, and maintain a blockchain network on the behalf of organizations. The service provider offers setting up of blockchain infrastructure and technology in return for fees.

In many ways, the role of blockchain as a service for business is similar to that of a web hosting provider. It enables customers to make use of the cloud based solutions for developing and hosting blockchain applications and smart contracts in the ecosystem managed by the provider.

Here is a visual showcasing the working of Hyperledger Cello Blockchain-as-a-Service, which is a BaaS-like blockchain module utility system and toolkit under the Hyperledger project.

The BaaS integration in traditional business provides support around allocation of resources, bandwidth management, data security features, and hosting requirements. The biggest impact of BaaS on business is that the enterprises can concentrate on their main business without thinking of the complexities around blockchain operation.

How Blockchain as a Service is Shaping Businesses

Businesses and consumers are willing to adapt blockchain technology. But the operational overhead cost related to development, configuration, operation, and maintenance of infrastructure along with the technical issues act as a barrier. The advantages of blockchain for SMEs, no matter how massive, are very resource intensive and energy consuming – thus preventing the technology’s mass adoption.

Renting a blockchain infrastructure in BaaS allows businesses to acquire the skillset needed for operating the blockchain infrastructure. Additionally, the investment needed for entering the technology segment is also lowered, since the service agreement can be easily scaled up or even terminated within short notice.

It offers a way for businesses to stay at the edge of technology without any unnecessary risks.

BaaS for startups

The opportunities of BaaS for businesses, especially small businesses, is deemed ideal for organizations which outsource the technological aspects, and are not very hands-down involved with the blockchain’s working mechanism. It enables these firms to get the understanding of the technology without having to develop their proprietary blockchain.

The integration of BaaS solutions is being used by a number of industries for things like identity management, supply chain management, and payments. Blockchain development services are emerging as the ideal solution for a number of SME challenges like elimination of middlemen, lack of transparency, etc.

Use cases of Blockchain as a Service for business

Document tracking – Blockchain technology offers a distributed, immutable document tracking system. By keeping the documents on blockchain, all the participants are given equal access to the information. Additionally, blockchain technology is immutable, thus ensuring that the documents are secured.
Data storage – With the data stored in the decentralised blockchain, the amount of data loss risk is reduced by manifold. The regulated industries like healthcare, real estate, etc benefit a lot from this immutable, secure facility of data storage on blockchain.
Contract execution – Under the smart contracts service of blockchain, a platform is provided for the contract execution which promises high transparency levels. Its distributed nature implies that all the parties should be equally informed.

The benefits of Blockchain as a Service lies in the unraveling of the several use cases that are yet to be emerged. It offers enterprises an opportunity to work on those use cases without making any large term commitments. All they would have to do is partner with a blockchain service company and then fully embrace Blockchain’s capabilities.

Now that we have looked into how is blockchain as a service valuable for SMEs and enterprises, let us look into its regional adoption.

The Region Wise Adoption of Blockchain as a Service?

The impact of BaaS on business has led to a huge demand for the service – a sign of which can be seen in the fact how the BaaS market growth is poised to be USD 24.94 Bn by 2027.

The worldwide market of BaaS is big around the US, Mexico and Canada. One prime reason behind this is the presence of SMEs and large businesses operating in the US location along with a willingness to combine the technology with the public utilities services.

Europe has also been seen as the leading BaaS market. One of the major drivers of blockchain and BaaS adoption has been the government support from different countries.

The Asia Pacific (APAC) region is the third-most biggest market for the BaaS integration. Driven by the BaaS integration in traditional businesses and growing investment in Japan, China, and South Korea, the technology is poised to grow in the region.

To take the adoption of blockchain as a service for business further, a number of tech companies have emerged as BaaS providers. Here are a few of them:

The Top Blockchain as a Service Providers

A Look Into the Alternative – Self-hosted Blockchain

Up until this point, we have looked in the BaaS ecosystem and how Blockchain as a Service is influencing the small business, in addition to the list of top providers. While it all suggests that it is a good option to go with this approach, businesses can in fact lose out on the essence of decentralization – the foundation of blockchain fundamentals.

So what is the alternative? The answer is Self-Hosted Blockchain.

When we talk about the Self-Hosted Blockchain app cost, the ownership amount tends to be a lot higher because of the startup costs, retirement costs, and operational costs. Moreover, the amount of developing and deploying a smart contract under this model can amount to up to hundred thousand dollars or more.

In contrast, a blockchain app hosted on cloud as a BaaS offering can be around $0.29 per allocated CPU hour. This means, businesses would only have to pay as they go and only for the service units used.

The costs of the BaaS model vary on factors such as number of concurrent transactions, transaction rate, and the payload size on transactions, etc.

Alignment of Lean Principles During Software Development

Posted on 22/06/202007/06/2021 by Anteelo Master

The first time I heard of lean manufacturing was in the context of Toyota in my business operation class. Everyone, like me, who read into lean principle, was completely fascinated by the concept of reducing waste and increasing productivity through an intentional design.

Over time, the lean manufacturing method worked and the lean principles of product development flow was adopted by a number of industries, even outside manufacturing, which included software development.

Lean development principle is an agile approach which was developed on lean manufacturing principles. The same, that is being used by Toyota as a lean development methodology for managing and optimizing the process of vehicle production for minimizing waste and increasing customer value.

I know what you must be thinking. If the lean principles originated around vehicle manufacturing, how does software development fit in?

The connection between lean agile methodology and software development was first introduced in 2003 in a book named “Lean Software Development: An Agile Toolkit” by Tom and Mary Poppendieck.

In the book, Poppendiecks interpreted how the lean principles could be applied into the software development process. Both software development and manufacturing processes follow repeatable structures and rely on high quality standards. They also depend heavily on teamwork to get things done.

The question, however, is how it can be done. In this article, we are going to look into how we align our software development process with lean software principles.

Table Of Content

What are the Strengths and Weakness of Lean Agile Software Development?
The 7 Principles Of Lean Software Development
Tools Used in Software Development Process
Aligning The 7 Lean Principles Into Our Software Development Projects:
Phase Wise Application of the 2 Principles
Overcoming The Challenges of Using Lean Principles
Conclusion

If you still are not sure about what are the lean principles in the software development process, then let me help you out with the meaning. Lean software development is a collection of principles that is used for software development to reduce the programming effort. Lean principles got their start in manufacturing, as a way to optimize the production line to minimize waste and maximize value to the customer.

Repeatable processes
Team collaboration
Uniform standards

What are the Strengths and Weakness of Lean Agile Software Development?

The strengths of lean product development principles include:

A streamlined approach allowing functionalities to be delivered in a limited time
Elimination of unnecessary activities which can lower the cost
Empowerment of the development team, helping them make decisions that can boost their morale.
The flexibility of the project to frequently adapt the project and customize it according to the customer’s requirement.

The weaknesses of lean software development methodology include:

It depends greatly on the involved team, making it less scalable compared to other frameworks
It relies on stringent documentation. Failure on this part can lead to heavy development mistakes.
Planning is necessary before the project is started. Before kicking off the project, you should be aware of the project vision, roadmap, release plan, and iteration plan.
Professional teams are required to maintain workflow coordination and make quick decisions while working.

The 7 Principles Of Lean Software Development

There are seven key principles of the lean software development approach working with the aim of fastening delivery and bringing high value to the end-users:

Eliminate Waste
Create Knowledge
Build Quality In
Fast Delivery
Empower Your Team
Delay in Making Decisions
Optimize the whole

To fulfill these objectives cum principles, we make use of tools such as:

Tools Used in Software Development Process

5s System – It is designed to improve efficiency and productivity through a systematic approach and following its five S’s that stands for Sort, Set, Shine, Standardize, and Sustain.

Inventory management – We follow the practice where we lower the number of operations that are in progress in one go through the application of theory or constraints or queuing theory.

Kaizen – This lean development tool helps in promoting improvement in quality, technology, processes, productivity, and safety. It is most helpful in developing a safe and tech culture.

Kanban – It is a pull project management system, where we limit tasks that are getting completed simultaneously. This helps us in preventing the overload of the development process.

Value stream mapping – It is a visualization method, where we visualize the development cycle – from client request to deployment. This helps us in demonstrating and helping optimize the time spent on holding and on actual processing.

Let us now look at how we align the seven principles of lean manufacturing with our software development cycle in our role as a leading lean software development company.

Aligning The 7 Lean Principles Into Our Software Development Projects:

1. Eliminate Waste

The foremost principle of lean product development that we adopt is elimination of everything which does not bring any value to the end-users. We start by identifying value of the product we have to build.

It makes it easy to identify the waste like unnecessary code, unclear goals, additional features, and extra processes, etc.

Wastes is one of the biggest digital transformation challenges. In our experience, can be found in a number of domains:

Waste of work-in-progress i.e. the partial work. This can be lowered by putting limitations in work-in-progress, through the mode of Kanban.
Waste of overproduction waste. These emerge when the feedback cycles get too lengthy and a series of extra features are demanded.
Processes waste. These are eliminated by our software development company through pair programming approaches and better collaborations.
Handsoff waste. We solve the issue by not keeping our team functioning as silos. We work as a close knit cross-functioning team which helps in enhancing efficiency.
Software defects. Waste tends to seep in when the quality is not made a part of the software development firm process with different balance and checks.

2. Create Knowledge

Software development process, in itself, is one that is heavily knowledge generating one. Anteelo from the beginning has been an extremely knowledge focused company. This is one of the main reasons how we have been able to incorporate blockchain and AI technology in the projects before any other software application development company in the industry.

We align the principle with our development process by implementing some key methods like: code reviews, performing training, code comments, project documentation, pair programming, and sharing sessions, etc.

3. Build Quality In

Our software development team ensures that the focus is always on delivering high-quality products. We always keep enhancing our development process to eliminate the project from the first step to the end product.

There are various lean agile software development approaches that we apply to better the product quality:

Pair programming – to lower the miscommunication waste and maximum output.
Testing criteria – offering the engineers a system ensuring that it meets the requirement.
Incremental development – bettering the quality through timely, consistent feedback.
Lesser wait states – to protect the quality and streamline efficiency while lowering the gap in knowledge.
Automation – using assets like AI and machine learning to lower and eventually eliminate the errors in development processes.

4. Fast Delivery

The agile development basics focuses heavily on the fast delivery of software processes. Lean agile principles, being a part of the approach also put focus on fast delivery. It simply means that the project team would have to deliver the modules according to the milestone plans.

Achieving fast app development time becomes easier when there is a stable workflow that helps teams in understanding the value of the process and thus facilitate fast results.

5. Empower Your Team

This one lean principle is what we follow regardless of the team and project. Our team that focuses on software development for startups understands that when you work together you have to respect each other. And when things go south or not according to plan, the focus should be kept on checking for gaps in the work process that might have led to conflicts and challenges.

Ever since our inception, we have been focusing on the creation of a favorable work environment where we lead by example. To better the morale, we also enable creative freedom to our teams giving them the choice to identify the best approach for any task.

6. Delay in Making Decisions

We know what you are thinking – delay in decision-making has to be a bad idea.

But when we follow the lean-agile principles, we believe that deciding late is not equal to becoming irresponsible. In fact, it encourages the team to keep their options open for a long period of time so that they can gather data which can help in taking important decisions.

The result of this is that our project never suffers from negative impacts which emerges because of bad decision making.

7. Optimize the Whole

We go for the optimization of the complete development process, which is not just limited to the sub-processes. We work with the understanding that if we add value to a specific set of processes, the end product will end up getting affected, and the end-results would be sub-optimized.

To handle sub-optimization, we encourage operating with good work capacities. We optimize the entire process which enables identification of value flows for the entire team that, in turn, promises valuable and timely delivery.

Overcoming The Challenges of Using Lean Principles

Although the article, up until this point, has been inclined towards how lean software methodology makes it beneficial for a smooth software development process, there are some challenges that are prevalent which have to be solved.

The team members have to be self-directed and be able to work as a cohesive unit.
There can be instances where the requirements might keep increasing without a finalization in sight. These have to be managed with delicacy upon talking to the clients.
Lean method is heavily focused on continuous improvement. The timelines for implementations are also generally long. This, in turn, can increase the timeline when you are able to reap the benefits.

Conclusion

Since lean agile methodology presents a customer oriented, adaptable, and flexible system, there is no hard and fast rule to follow the procedures or methodologies. But one can always take note of the given information so that there is no problem while developing a software.

It is always advisable to search for an expert, (who are focused on improving and enhancing their skills) while employing a team to build your application. The best way to do that is to either partner with software developers that are well-adapted with the technology and client’s needs, or you can opt for top companies in your area like top software development companies in USA or software development company in California, if you live in the US. But make sure you choose the best to get quality results.

Digital Trends Underpinning Media & Entertainment in 2020-21

Posted on 22/06/202007/06/2021 by Anteelo Master

The media and entertainment industry is often the most proactive in enhancing itself for the digital shifts of tomorrow and 2020 is no different. In fact, what was thought of the marketplace prior to the COVID-19 outbreak, has only been proven right and rather catalyzed by people staying at home and turning to the streaming services for entertainment.

One of the most glaring digital media and entertainment trends is that an increasing number of players are retracting from video content aggregators in order to stream their content direct-to-the consumer.

The move signals an attempt to maximize the cost of operations by canceling out cable and satellite royalties. This and a whole lot more makes up for the digital innovation trends, poised to reverberate through the fabric of this sector. Knowing what these trends are can give you a leg up in the crowded entertainment sector.

Trends on the Demand Side of the M&E

The demand side are the users, you and us, who create the demand for a product. While postulating upcoming industrial changes it’s better to draw the line between trends that are being forced onto M&E studios by the consumer, and vice versa. In this section, we’ll mention the most palpable consumer-end i.e. the demand-side trends fruiting in the M&E industry.

These trends are attributable to the audience side of the picture as without their behavioural patterns, whether online or offline, we may not have had much development in this direction. The latter sections will touch base with the role of technology in the entertainment and media industries.

D2C Video Streaming

Video streaming got its dose of steroids with the initial faces of lockdowns imposed through varying geographies of the world. With the expected use of internet services ticking up, so did the demand for diverse, meaningful, and quality video content. There was such a force behind this push that Pay-TV subscription, for US customers, took a backseat. The diversity of choices and cross-platform compatibility offered by players such as Netflix and Amazon Prime threatens the limited bounds of TV-channels that demand users be on their couch.

But at the same time, these very rivaling clans are giving each other a run for their money in the streaming wars – – strengthening the foothold of apps redefining the entertainment sector. In the Digital media industry, Disney was the first to retract its content from Netflix and offer it in a D2C channel through its pet project Disney+. The move defined the now reformulated entertainment industry standards that have seen the largest media houses following suit in receding content and hitting third party applications right where it hurts the most.

It pays to ask the question, how forthcoming are the viewers in subscribing to digital media entertainment and paying for so many streaming apps? One survey revealed that the average user subscribed to 3 video streaming apps with this limit staying constant for the last 2 years. It can be surmised that overtime the economy of such an experience will be questioned by all.

One way to buck this trend would be to reorganize the content and offer multiple formats such as music, movies, TV shows, etc., aggregated on a single platform. The prime example (pun intended) of this trajectory is none other than Amazon Prime and Roku. In addition to video, these vendors can create customized, pay-as-you-go packages for availing the music and games libraries.

Ad-Driven Viewing Experience

One of the reasons mobile streaming caught on to people is that it cut down on ads. The volume of consumable content increased and made retaining users easier. But with the top studios of the global media industry turning to video streaming, ad-supported content is expected to seep in soon. This is partly due to the pitfall of keeping subscription fees competitive, which in and of themselves, won’t suffice for expanding the content offering to games and music.

Ad-supported videos are already a thing in Asian locations such as India and China. But for them to assume a profitable outlook for media entertainment in the US, platform owners must curate enough user data for targeted advertising. Else such a promotional expenditure would appear unjustified and disoriented. Chiming in tune with the adage of our century, data is the new oil, platform owners will look to get their act together with structured data to deliver suitable (not annoying) ad interruptions in between video streaming. Youtube already does that to a good measure, the result of which is:

Data Privacy and Security

A study conducted by Futurum Research in partnership with SAS Software revealed that the media industry was one of the most distrusted by customers when it came to guarding user data. The same report concluded that as much as 61% of the participants felt they had zero to no control over how their data was used by the vendor.

Media houses are expected to toe the line for transparent data collection applications with which to assure the customer of data security. For instance, the European Union’s GDPR reforms allow customers the right to be forgotten after they have discontinued a particular business, having submitted personal information initially. Much of this will play out in the near future as well, if only with added refinement but let’s not forget had there been no demonstrable outrage over data misuse, the media organizations wouldn’t care to rise from their slumber.

Content Personalization

There are deeper levels to customer relationship management than sending emoji-fied emails every now and then. Millennials and Gen-Z want, and would happily pay for services that are personalized to their tastes. This includes content recommendations the kind that will gel well with their unique preferences.

This paves way for even more sophisticated Artificial Intelligence and Machine Learning algorithms to do what they do best, predict user behavior. It is primordial for both the content creators and content hosts to know the demographics of the audience they excite and attract. Therefore, don’t be surprised when you see a media software development company dive deep into AI and sharpen the edges around streaming service applications. We are in the age where everything has to be smart and content is no different thanks to the hard-to-capture, unique choices of the users.

Trends on the Supply-Side of the M&E

The trends mentioned above have been directly derived from user behavior i.e. if the users hadn’t reacted to digital media apps the way they did, we probably wouldn’t be seeing much commotion in that zone. Having said so, the link between media showmen and consumers could not be possible without technology. And whereas some technological advances are urged by the users there are others that percolate their way down to the masses no matter what. In this section, we’ll look at the emerging technologies that are most affecting the manner in which media enterprises go about their business.

Augmented & Virtual Reality

The global media and entertainment industry will be a driver of emerging technologies the frontier of which will be led by Augmented and Virtual Reality. The past few years have seen much hype but less adoption of AR/VR. But that was a consequence of the price-barrier of standalone AR/VR devices, which is also beginning to get pocket-friendly.

Smartphones have crossed the inflection point in AR adoption with the majority of models supporting AR content. The media entertainment industry will make use of these technologies in the following ways:

Act as a substitute for high-priced joysticks and keyboards at the same time delivering a quality experience to gamers.

Be the de-facto technological genre for media app development especially in the field of digital education.

Help in enterprise-level media software development for learning management solutions.

Possibly make way into theatres and cinemas to reinforce the power of digital effects through immersion.

Create wearables for visitors headed to museums, art galleries etc., and represent artifacts with added features/info.

eSports Broadcasting

The Trends in broadcasting industry point towards the hot spring areas of the sector that are gaining mainstream traction among audiences. The first and foremost of this is the one touted to be the future of sports – eSports segment.

The entertainment app development sphere is galvanizing its priorities towards this segment as the worldwide eSports revenues are expected to hit $1 billion in 2020. The lion’s share of this money, although, will be from sponsorships ($614.9 million) and media rights ($176.2 million). Nevertheless, gaming events will be the center of attention for displaying the latest in AR/VR.

And lest we forget, there is Legalized Sports Betting that will also profiteer off the incoming 5G technology. Betting is one arena that swirls the mind in unpredictable ways, forcing users to place bets over telecommunication networks. Come to think of it, 5G is a technology that is born to manage high volume communications. This is one of the reasons the US has 5G towers popping up at sports stadiums and related venues that’ll be a hotbed for placing bets. Entertainment software development can be easily turned in this direction to foster app creation the kind legalized sports betting would need.

Artificial Intelligence

There is not a single sub-set of M&E that has not been impacted by AI. Its predictive powers are influencing television, animation, VFX, Out-of-Home advertising (OOH), radio, and much more. A case in point is the following applications of AI in enhancing customer experience.

M&E companies hold a huge repository of user data at their data centers. In many cases, the data is largely unstructured i.e. like a mound of haystack waiting to be made sense out of. AI has added a cognitive, human-like dimension to mining and saturating this unstructured data.

Engineers are using AI, ML, and Natural Language Processing to apply relational parameters to the big data. The technology helps in categorizing the data as per mutual characteristics and further consolidates a company’s predictive capacity to forecast user engagement with the content. This Targeted efficiency leads to better monetization opportunities.

AI is being applied readily to video content to speedily calculate and absorb emotional changes at the user side. The summary of such studies is then used for highly customized content recommendations. The same principle is at play in music streaming apps, that know precisely which songs to pitch you that eventually make it to your favorite’s list.

The Cost of content creation will be vastly reduced following the advent of AI that can automate editorials consequently mitigating human intervention.

Blockchain

The distributed ledger technology with its chief qualities of immutability and transparency are breaking technological stereotypes in the M&E

. People have been spectators to an exchange of charges between artists relating to content plagiarism and piracy time and again. Blockchain Technology can and will settle such debates once and for all.

Intellectual Property rights can be safeguarded with Blockchains nullifying the scope of disputes around ownership management. With immutable record management, ownership rights can be traced to the original producer of the content. Likewise, the system architecture of blockchains, in its current iteration, is powerful enough to track transactions for royalty payments across multi-layered platforms.

There are solutions in the market that offer a springboard for budding artists to curate funding directly from their fanbases. Such a step would allow the fans to own a share of the record, the rights of which, otherwise, ebb naturally into the hands of the producing labels. Transactional history along with public ownership will be recorded on the blockchain. Living examples of such trends are being shaped by companies like Vezt, Sony, and BMG.

Another issue faced by media stakeholders is revenue distribution. The industry being this giant labyrinth of middlemen that it is, intermediating parties charge their share of the profits for managing the revenue cycle for a film/commercial, etc. But Blockchain is a proven disruptor of this very model. With an online ledger, transactional streams can be optimized without spending a fortune on intermediary channels. FilmChain, an Ethereum based Blockchain, is a prime example of this upcoming trend.

There is a huge black market for ticketing sales that needs serious quenching. While managing a megaevent such as a concert or a music festival, artists are left to bite the dust as the intervening middlemen play the sleight of hand in ticket distribution. Blockchain-powered ledgers can remediate the situation by ensuring the profits generated follow an equitable distribution amongst all participants of the value chain. YelloHeart is a company trying to achieve exactly this.

Enterprise Resource Planning

We are in the age of automation and optimization, with the streaming apps being a transformational by-product of the digital revolution. Building AI-powered smart apps for better user management is not a standalone procedure but an interconnected block in a chain of events that would deem workflow optimization necessary. Consequently, an entertainment app development company will not have its service level agreements limited to just fine tuning the application itself but also the overall enterprise software for maximization.

Enterprise Resource Planning would ensure that cost overheads are mitigated immediately. Investment in the right tools and technologies will not stop with 2020 and shall continue beyond to stay in the good books of investors.

Final Thoughts

Whether it is Augmented Reality, Virtual Reality, or Enterprise Resource Planning, Anteelo has the track record to back our claims of expedited, professional project delivery. Having collaborated with some of the world’s biggest brands such as IKEA, and Domino’s (to name a couple) we know the scale of demands of big businesses and are ever-ready to go the distance.

Our ties with the media industry go a long way. We developed mobile apps such as Gully Beat, with the latter garnering critical acclaim along with 25 million+ downloads on the Play Store. Long story cut short, when it comes to delivering at the international stage, brands turn to Anteelo as their technological arm. But talk is cheap. Take a minute and connect with us and we’ll showcase how you can slingshot your idea to glory.

Initial Public Offering (IPO) Process Guide For Tech Entrepreneur

Posted on 20/06/202007/06/2021 by Anteelo Master

The best time to start a tech startup was when the dot com era was becoming mainstream. The second best time is now. But the best time to go public is evergreen. In this article, we are going to look into the IPO process – one that is designed to effectively give a chance to businesses and individuals to invest in startups that you created. When it comes to raising funds for startups, the one preferred direction that the tech companies are moving towards is Global Initial Public Offering. With venture capitalists and crypto enthusiasts fanning the flames, a new form of raising funds for startups has now gotten mainstream for tech companies across the globe.

In fact so much so that it is soon becoming the ultimate objective of brands, especially since Uber, Pinterest, Slack, and other innovative tech companies acting as the torchbearer.

Let us get down to the basics and some present time statistics first before getting down to the process of raising an IPO.

Table of Content

What is an IPO – the preferred way to raise funds for a startup?
What are the benefits of an IPO
The Ongoing Trend of Tech Companies Going Public
Signs That You Are Prepared to Go Public Through IPO
How to get IPO ready – The roadmap to navigating the process

What is an IPO – the preferred way to raise funds for a startup?

An Initial Public Offering or IPO as it is generally called is a process of offering the shares of a private corporation to the public through the issuance of new stock. Ever since Apple and Google went on to become public with their stocks being traded as a ticker symbol in the market, raising an IPO has become something of an endgame for emerging tech companies.

The median deal size of IPOs continue to raise year on year is only a plus side of why companies are sold on the idea of going public now more than ever.

It has become more than a process of raising capital for startups – it is now a way to prove the worthiness of a company.

What are the benefits of an IPO

Tech startups generally tend to look up to IPOs as the long term way of raising money for startup that they have created seeking one or all of the following benefits:

Increase in the long-term capital
A greater cash access and bettered liquidity
An opportunity for the initial founders or the investor groups to take the cash out
Monetization and rewards to the employees through shares
Augment the company’s visibility and stature in the industry

The ongoing trend of tech companies going public

Fundraising for business startups in the technology sector is not unheard of. While generally limited to Series A to E funding and taking unconventional routes to raise money for business startup and even being a torchbearer of making ICOs a better proposition than VCs, they too have started sharing the great american dream to go public.

Initiated by Apple and Google and strengthened by Lyft, Pinterest, Fiverr, Slack, Zoom and the likes a number of tech companies are already or are getting prepared for startup fund raising through Initial Public Offering.

Here’s a visual representation of them –

But just because these tech companies felt they were ready to go public, does it mean the startup funding process is the ideal next step for your tech company as well? After all, with the world unable to give an exact answer on when is the right time to choose IPO as a startup fund raise method, how do you decide when to have an IPO?

Signs that you are prepared to go public through IPO

1. You can forecast financial growth

Accurate financial projections is key to efficient business strategy playing a massive role in a company’s growth, especially as a public company. Creating an accurate estimate of budget and forecast as your company operates privately is a key step in establishing the consistency and accuracy of financial reporting for gaining credibility with the investors.

2. You have the best executive team

You have a team that has experience of being a part of a public company, who understand the nitty-gritty of running a private turned public company. In addition to a strong current team, you have also estimated the need of expanding your finance, accounting staff in addition to people handling external communications – to aid the process of going public.

In addition to your best-in-class executive team, you also have partnered with the most skilled software developers for startups that know how to digitalize and prepare a private tech company for going public.

3. Your company is always audit-ready

Before going public, you would want to get in a position where you constantly close quarterly financial statements in time. Even the companies that are backed by venture capital and private equity find it challenging to offer regular reports to their sponsors and board. By going through the exercise months in advance, businesses are able to get ready for the public reporting, stress-free.

4. You have a strategic roadmap

A strategic roadmap is a blueprint of a company’s investment growth chart. It provides an operating strategy for growing business for providing investment returns which the prospective shareholders want from a public company.

5. You have a strong business case for raising an IPO

One of the most obvious reasons for getting an IPO is to gain access to the capital market and raise additional capital – the end goal of a startup investment process. An IPO is a major company evolution milestone and a symbol of your company being able to satisfy the necessary government standards and compliances.

6. You have developed a network with investors

Something that makes the process of raising IPO easier and actually enjoyable, is knowing some of the key people in the investment firms. Although you must have already done your homework, let us expedite the networking process by giving you insights into which investors have been backing the tech IPO journey of companies –

How to get IPO ready – The roadmap to navigating the process

1. Hire the best team

Selecting the best team of professionals to handle your IPO process is important for the success of your business. Here are some of the entities that should be a part of your team, in addition to the obvious inclusion of lawyers –

Tech Service Providers – The success of an IPO depends entirely on the software you are selling which are a result of the well-strategized software development services for startups. After all, all the tech giants who have taken the route of IPO ensured that their digital offerings were useful and best in class. Ensuring this is the work of a startup software development company. So, we would recommend choosing the best software development agency for your digital transformation needs.
Investment Banks – The banks act as a mediator between the companies looking to issue an IPO and the investors – while acting as an underwriter. The banks are involved in a number of processes like document preparation, issuance, marketing, filing, documentation, etc.

2. Perform due diligence

The underwriters, lawyers, and banks work together to conduct an in-depth audit of the company. Their review includes legal, tax, financial, customer verification, and market research. The intent is to create complete transparency in the company’s operations and presume risks.

3. Build IPO prospectus

The IPO lawyers and company use the due diligence information for drafting the principal offering files which include IPO prospectus that should be filed as a part of IPO registration.

The IPO prospectus highlights the company’s strategy, strengths, market share, financials, investments, and products. It should also mention the risks that are involved for the investors.

IPO prospectus is subjected to expansive disclosure needs meaning it is important that the parties collaborate for ensuring the prospectus is accurate.

4. File IPO registration statement

The IPO lawyers file IPO prospectus and the complete registration statement with SEC. This 30 days review process is subjected to reviewing and commenting by SEC. After this process, companies then complete the initial listing application round with exchange. The underwriters then file compensation information for IPO with FINRA.

5. Pre-IPO

Although it may not be difficult for funded tech companies as they have already gone through the stage of marketing when they were raising money for their startup. They only have to do it at a much wider scale now with investment banks’ help. What you did Before IPO, investment banks popularize it to the private investors for maximizing company’s position in the market. The investors are usually hedge funds or private equity firms willing to buy shares in the company.

6. IPO “Roadshow”

Before several weeks of the IPO, bankers and management team hold a “roadshow” – a series of presentations in which they market the IPO to prospective investors. It is usually when they first announce the offered price range and size of the shares. The intent is to gather interest from the investors for driving up the initial sales price.

7. Initiate Trading

After the roadshow, bankers set up a price determining the initial share value. A few days after that, the IPO closes and stakeholders have to release their shares. After the shares have been released, investors who purchased the shares get allocation and the public trading officially begins.

Custom Software Development Supremacy- Explained

Posted on 19/06/202007/06/2021 by Anteelo Master

Understanding a clever and cost reducing way that businesses adopt to scale and solve problems in direct ways using custom software development. To be or not to be, that is the question businesses face when it comes to choosing between customized software and standard software. In some respects, the question could be the difference between the haves and have nots. Being a successful custom software development company ourselves and pushed to innovate cutting edge solutions on a habitual basis, we know first-hand what to do when.

If organizations are to transform digitally, then the installed software would have to compliment the needs equally. If you are in the middle of such a dilemma, by the end of this article you would gain clarity on the subject. Hence, we begin by answering the question, what is custom software?

What is a Customized Software?

The software that comes pre-packaged with features is referred to as Commercial Off The Shelf or COTS. The vendor that develops it owns the responsibility of updating its versions. Enterprises slash users subscribe to it by paying a licensing fee. It is designed keeping in mind the most universal needs of the mass market. Microsoft Windows is an example of COTS. It offers the apparatus for each user to carry daily-life computational tasks without having to think twice.

On the other hand, a software that you develop, or ask a third-party to customize for you is called customized software. Since it is created unique to the needs of a particular user, it is also termed as bespoke software. Made on order, it weighs high on features that are relevant to the organization. Custom software applications are cut to fit the ongoing and upcoming business requirements.

Tasks that a standard software will take ages to complete can be accomplished in a whisker of time with custom software apps. Think of it this way, COTS is a public utility vehicle that takes the combined choices of travelers’ into consideration and drives at a speed fast enough to pacify those onboard. While custom software is that private car that you can modify as per wish and break the speed limits with.

Now that you understand what is custom software, let’s find out about its development procedure followed by a full cycle app development company.

Does Custom Software Development Process Differ from Standard?

Not at all. The software development life cycle is almost identical in each case. You traverse the same stages of basic information collection, coding, testing out the software for inconsistencies, finally moving over to deployment.

There is an unprecedented urgency in enterprises to transform digitally for sustenance. Each is looking to differentiate itself and be seen and as an innovator. Be it an in-house project, or one that is outsourced to a company like Anteelo, custom development of software involves the following stages:

Application customization

You would either purchase a COTS software and re-program it to requirements or build a bespoke solution. No matter what you choose, it will begin at this stage of code creation.

Application modernization

Maturing with time, stakeholders realize that their value chains must improve and be just as impressive as their product suite. The deployed custom software will have to be modernized with features as new technologies emerge.

Application management

It is similar to after-sales support but one that you either do internally or let the third-party that designed the software for you do it. These envelope everything from installing the software to ensuring its 24/7 availability.

Why Choose Custom Software Development?

The reason why custom software is preferred is due to the changing market trends that makes the business transformation either costly or time consuming. Custom software application development helps businesses in building an intuitive and user-friendly software product tailored to their business requirements. It also handles various types of organizational challenges like process complexities, employee struggles, and meet the preference of customers.

Some points are discussed below for opting custom made software:-

Flexibility

One of the crucial benefits of custom software companies is its flexibility. Any change required might be easily acknowledged so your platform is always updated with the ongoing patterns. A significant degree of flexibility offers effectiveness in the working process. Competitive processes are simple to automate so that the framework automatically leads the users and there is no requirement for human intervention.

Better integration

Custom programming application improvement organizations give a scope of choices to incorporating various sorts of APIs. The vast majority of the bundled programming are not viable with different programs thus incorporating another product to improve its capacities are impractical. It is this explanation; numerous organizations lean towards custom software applications over canned programming.

Future innovation

Having your own types of custom software will empower you to explore and welcome on board creative ideas quicker and without relying upon other innovation merchants to do it for you. This can help in more noteworthy market ability as your brand would be perceived as a forerunner instead of a late adopter for innovations that user’s long for.

App security

The internet has an intricate dangerous environment and application security is a grave concern for modern organizations, regardless of the size. An application on the Internet is exposed to security breaches. Each organization takes measures to shield their customized software application development products against exploitation by hackers, the current circumstance is still the worst. By engaging in a presumed custom application advancement organization, organizations can take added measures to keep their information from hackers and displeased workers.

Cost reduction

At times the business do not need all the functions offered by a format yet they had to pay. On account to create custom software, you pick what you need and pay just for it. Additionally, there is something intriguing and that is off-the-shelf solutions ordinarily require monthly or yearly licensing expenses. There are already many payments in the process that if you calculate, then it will be much more costly. If you pick a custom solution, you’ll pay more at first but later on you do not have to put much effort. You can say that custom software development cost is a one-time investment.

What are the Benefits of Custom Software Development?

It is not a good rationale to buy an inferior product, and subsequently, modify it for installation. Why wouldn’t you just create the whole thing on your own! The following advantages of custom software will help you make up your mind. The benefits can also be read as ways how custom app development can increase app development:

Vendor independent

Custom design software and you shall be free from the clutches of vendors who upgrade their product based on user reception and trends than your needs. In doing so, your business circumvents fee surges caused in the name of licensing and maintenance. Then there is the possibility of the vendor ceasing operations leaving your IT department to shreds and affecting business continuity.

You would although need to hire subject matter experts to cope with a proprietary solution. But again, there is no saying how much indirect benefit you would derive from them such as mentioned in the next point.

Create white-label products

The resources you devote to creating a bespoke internal solution could be monetized by licensing it to similar businesses or allowing them to use it as a White Label product by making a one-time payment. A White Label product is one that you build and sell to a second organization, conferring them the right to use it under their brand name. The only catch here is to define the terms of use. Although white label solutions are not always deemed to be effective for long-term, they can be a good option, nonetheless for entrepreneurs who are just starting their journey.

High-End integration

Investment in COTS software becomes a catch-22 situation when you discover you have to program extensions into the system to make it worth your while. Diverting the same expenditure towards custom software applications that integrate effortlessly with other software (because you made it so) saves you much-needed energy.

Performance

Custom software development provides for more stable and efficient IT operations as the software does all (perhaps more) that is asked of it to deliver value-adding results.

Scalability

Nobody knows better than you the future of your venture. It becomes a self-fulfilling prophecy that you would, during the course of customized software application development, come up with something that is scalable and relatable to the needs of your company.

Optimized business process

Every association has its own plan of action and in-house processes. It is hard for businesses to change their process to suit a specific application, no matter how effective and powerful it could be. Software should be planned and developed in a way to such an extent that it can align with the business model. Custom development assists with improving your business processes instead of replacing them.

Compatibility

Most organizations have a design model in which the output generated by a specific process (software application or module) works as an input for another process. A smooth flow of data is essential while streamlining business. Utilizing different packaged programming for various processes can disrupt data flow. Building custom software can resolve numerous kinds of issues concerning the flow of data between progressive processes.

Data security

A significant concern for some B2B and B2C organizations, data access, and security concerns influence many end-users in the market today. Supporting costly security protocols can make you pass added expenses to the services you offer to your customers. With custom development you have the ability to choose which data security technology or protocol is appropriate for your business and coordinate that in your software.

Cost effectiveness

With custom development you can plan and stage the development process. You’re not needed to contribute an enormous amount of money first on to receive the rewards of automation. Based on your financial plan and funds accessibility, you can begin automating single processes flows in a coordinated and planned way over the long run to make development affordable software development services.

Adaptability

Organizational processes change with time, and as the market dynamics change, it gets important to adjust to new processes and innovations to maintain your marketing stronghold. Customized software can be effortlessly changed – New cycles and innovations can be incorporated into your current programming as and when showcasing patterns change, so you can stay side by side of your rivals.

How to Decide Whether You Need a Bespoke Solution or Not?

By tradition, companies prefer to purchase COTS software provided it helps them meet up to 80% of the following business requirements.

Either allow the functioning of or automate entirely B2B transactions and processes unique to the business
Take care of proprietary information and safeguard confidential data
Suffice for ad-hoc privacy issues that might arise
Enable integration with software already deployed by the company
Reduce the cost of operations and increase return on investment
Accord a certain level of competitive advantage to the brand

There are companies that may be fine if the software delivers 60% efficiency than 80%. The vacuum that exists they fill on their own. But that is a risky proposition, leaving things up to chance and making superficial efforts to transform digitally.

A big reason startups cover ground on legacy businesses faster than others, is because they do not hesitate to innovate. And if that means bringing in new digital solutions, so be it.

[Further Read: How We Solve the Digital Transformation Challenges Pulling Your Business Down]

Get The Requirements Ready

Once you set your mind for custom development of software the next step is identifying collaborators to help you with project development internally. These include program sponsors, high-level stakeholders, sometimes your customers, and other miscellaneous partners.

This step is all about conveying the workforce your plans to transform digitally post which a detailed draft must be prepared listing down your Key Performance Indicators (KPI). KPIs must bear in mind:

To flatten out any statutory and or theoretically unachievable targets and be realistic
Define the role the proposed software will play in business development
Not to leave room for assumptions in that the end-to-end capabilities of the software are discussed with project stakeholders
The introduction of the software must not intervene with pre-existing COTS software
There must be ample proof of concept in the market to base and validate your theory on
The source-code used should not violate intellectual property rights and must be either open-sourced or written from scratch
The allocated limit of budget and time should be respected
If needed there can be partial diversions/pivots from the originally agreed course of action

Development Methodologies You Can Use

You can pick any of the following software development methodologies:

Waterfall model

Envisaged in the 1970s, the Waterfall Model is rigid in its implementation and benefits those with a crystal clear understanding of requirements. The expectation setting is followed by rigorous project documentation. It is sequential in nature meaning one stage of the project must be finished before beginning the next. It includes the following phases:

Define scope
Re-assess the scope
Design
Implement
Test
Deploy
Maintain

Not that this model is out of fashion, but development teams that want to mix things up and be prepared for last-hour changes to plans, don’t like the Waterfall Model much. It is built for those who like working under ironclad rules.

Agile development

Agile is the exact opposite of waterfall, in fact it was introduced to do away with the rigid, inflexible redundancies of the waterfall model. It prioritizes business unit collaboration over documentation. Teams that go Agile, do so to wrap up coding in design sprints that are time bound mini-projects to accomplish software development faster. Customer satisfaction is the priority here, everything else takes the backseat. Here at Anteelo, we trust Agile more than other methodologies as a custom software development company. Based on experience, we can help you decide between Agile and Waterfall models easily.

Scrum

This is a nuanced approach between older models like the Waterfall and newer ones like Agile. It facilitates regular team interaction but with a relative degree of self-discipline.that team members must impose on themselves. Sprint retrospectives in scrum development last an average of two weeks during which the primary objective of software development is fragmented into smaller, more achievable goals. Developers stick to the daily briefs that are a product of demo feedback. The development is quick and results steady.

Lean

A philosophy, methodology, or a mindset, call it what you will, it brings out tremendous productivity from teams in custom software companies. Whereas other entries in this list were specifically meant to bolster software development practices, Lean methodology was adopted from the manufacturing sector.

Agile is accomodative of flexibility, but it offers no actionable course to extend the same ideology towards business wings outside of Information Technology. Lean proposes the no-nonsense approach, nullifying wasteful practices, encouraging knowledge sharing, experimentation, innovation and faster turn-around times.

Feature driven development (FDD)

Custom software design and development can be taken up via Feature Driven Development as well. FDD has been a precursor to the now omnipresent, Agile and Lean approaches. It follows a five-step development model. In the first step you take your plans to the whiteboard and lay out an overall strategy. The next step is defining the specifications of the software followed by planning around each feature holistically. Designing and building each feature make up for the last two stages respectively.

Make up Your Mind

We hope this clears the air around custom development of software. Be it on-demand, or standard solutions, Anteelo has a track record of achievements in both categories. Our report card in the subject boasts nothing short of an ‘A’ with top industry review journals giving us a 10/10 on numerous occasions. Signing off with a saying dear to all at Anteelo.

If you are looking to develop an app that would be up to date with all the latest technologies of the current time, you should partner with a software app development company that is well-adept with the changing market needs, or you can opt for developers in your area like software development company in USA or Florida if you live in US. But make sure you choose the best to get quality results.

Steps For Effective Software Product Development in 2021

Posted on 19/06/202007/06/2021 by Anteelo Master

There are a lot of things that should be spontaneous in life, like office parties, weekend trips, even tattoos but software development is not one of them! Stages of software development should be efficiently and effectively planned. If you want to develop a great software product, you need to have a proper plan and process in place. Benjamin Franklin so aptly put it – “If you fail to plan, you are planning to fail.”

Let us take you over the sequence of steps that are required for proficient software product design and development. The full cycle of product development involves several steps where the ending of one step is the beginning of another!

Table of Content:

SDLC for Product Development
SDLC stages: What are the stages of software development life- cycle?
How an MVP approach can make the software development process more effective?
Steps to lower the software development time and cost
Why does Anteelo trust agile methodologies?
The Path to Success

SDLC for Product Development

Software Development Life Cycle (SDLC) is a process for developing high quality software to meet customer expectations. SDLC includes a structure with a detailed plan to strategize, build, and maintain the product development.

Each stage of the product item advancement life cycle has its procedures and deliverables that get into the following stage. Throughout the software development process, every product begins with a thought. Then it goes through exploration, improvement, and testing, to the last service.

SDLC stages: What are the stages of software development life cycle?

As discussed above, the process of software development is a step by step method that needs to be dealt with in an efficient and effective manner. Let’s learn about SDLC methodologies and stages in detail:

1. Idea and Concept:

It all starts with an out-of-the-box idea and validating your application idea, but it is suggestable that right from the very beginning, document everything! Don’t keep your software product development ideas just inside your head. Any concept should be carefully thought out and brainstormed in order to be executed. Here are a few things that you can probe upon:

Define your goals
List out the features your software will have
Research other software products
Figure out how your product will stand out
Discuss the target audience
Sketch out what the software product will look like
You can be analytical and put together a user story

These simple steps will help your software product development life cycle in ways that you can’t even fathom and make the process smooth right from the start! This also defines a clear agenda that you have regarding the product.

2. Planning and Feasibility Analysis:

Feasibility analysis, an important part of the app discovery process, will help you determine not only the technical but also the economic aspects impacting your software product development process. You need to keep a few things in mind while planning the roadmap of your product like time, resources, essential tasks, estimates, and ROI etc. An adequate amount of analysis and planning helps in foreseeing the risks that can occur during the software product design process. It will also help you in being ready with risk mitigation strategies.

3. Proof of Concept:

Once you are through with your second step, you can go ahead and start with a proof of concept (POC). POC is one of the most important steps that software development services need to follow. This stage comes into existence way before the software development process starts. It will help you in validating your idea and you would know if the software product development steps are actually working for your business or not. It will not only confirm technical feasibility and possible expectations but also determine the potential blocks and the scope to accomplish them.

4. Design:

A good design is the one that doesn’t scream ‘look at me’ rather it shouts out ‘look at this product’. Software design is an integral stage of software development. Once the POC is successful, the design team conceptualizes a detailed software architecture hitting the bull’s eye when it comes to the features of the software. Product design strategy is about striking the right balance between user needs and business goals and not losing sight of either one during the SDLC.

The product design of your software will include prototypes and the final mockups, making sure that they are very customer centric. So the wireframes, standards, workflows and end goals should be defined keeping user interaction and final output in mind.

5. Proof of Value:

Proof of Value (POV) dives deeper into what the product means to your business. It helps you determine if your goals are achievable or not! Through the POV process you can easily take a single case from beginning to the end and inspect all the elements and understand the gaps on the way.

A POV basically provides a better understanding of the predicted value that the products will bring in and measure success.

6. Development and Coding:

Once we have all the key elements like the POV, design document and the functional requirement specification document, we can start with coding and development. It is all about giving life to your product! The software product development engineering team has to make sure that their coding process is accurate since it is potentially the riskiest step of the SDLC. Once the complete architecture that includes database, application programming interface and planned functionality of the solution is built, we can move towards the testing stage.

7. Quality Checking and Testing:

Now that your team is developing the software, quality checking and testing is one of the most important development process steps. I would highly recommend you to test, track and fix bugs simultaneously. However, once the product is developed successfully, you must have a final in-depth test as well.

You can start with these simple mobile app testing steps:

Releasing the product to a small group of beta testers
Using UX tools to keep a track of how the users are interacting to your product

You need to be 100% sure that you are not distributing buggy software to customers; this can ruin your reputation and result in loss of revenue. Testing plays a huge role in the software development procedure. I cannot emphasize it enough!

8. Deployment and Implementation:

Once you are done with software development process steps like designing, coding and testing of your application, now is the time of actual installation of the crafted product. The application is now moved to production including data and components transfer. However, during the next releases, only some specific changes will be deployed. At this stage, end-users and system analysts can see, use and experiment the ready application.

9. Marketing Strategies:

Simultaneously the marketing team will keep coming up with a multi-platform approach to turn the spotlight towards your product. Out of the box strategies that will focus on telling the product’s unique story, understanding the competitive analysis, investing in digital marketing, creating social media and SEO master plans will enhance the product’s value.

10. Maintenance, Upgrades and Enhancement:

You think that you have accomplished all the SDLC methodologies, well think again! The software development steps are not over yet. The final stage includes maintenance, operations and regular updates. Since this process starts post-launch, keep in mind that the customer needs are evolving every single day, which makes this step extremely essential.

The product will be upgraded, maintained, polished, redesigned and enhanced according to the feedback of the customers and the rapid development in the IT sector. I believe that this is the perfect time to vigorously modify the application’s functionalities to upgrade its performance. This way, you will be able to meet the actual needs of your target audience.

How an MVP approach can make the software development process more effective?

The full-form of MVP is – minimum viable product. The MVP will help you gain the users perspective. How? Below are some important pointers for you to keep in mind:

It is a ready to launch version of your software product with the sufficient amount of features that are enough for the initial users.
Once the feedback is received from the initial users, only then the final product is designed with all the elements.
The MVP process is cost effective since it saves time and accelerates the development process.

Building an MVP is not the only important task but testing its viability is just as important too. A software development company may think that the product can satisfy the needs of the customers but until and unless the MVP test is run, it cannot be said for sure.

Steps to lower the software development time and cost:

Step-1: Turn to outsourcing

Outsourcing the software development process results in 40% decrease of the actual cost. You should consider your outsourcing options because:

Initial in-house cost cutting will save you a lot of money in the form of on-shore salaries, benefits, taxes, marketing and management costs, etc.
Zero pay out on software architecture.
You’ll be able to choose designers and developers on the basis of technical knowledge, relevant experience and lower budget criteria.

We suggest you do your due diligence and award yourself with a software product development strategy company that is capable of meeting the quality requirements and completing your product successfully.

Step-2: Leave no room for assumptions

You should not be ambiguous about what you want when it comes to product development! If the requirements are not clear your product can turn into a disaster because of haphazard design, unplanned functionality and the lack of distinctness.

Documenting each and every requirement and expectation regarding your product will help you eliminate the room for vagueness. This will reduce the overall software development costs and save time for you, helping you focus on other important business problems and solutions.

Step-3: Testing is the key element

Make sure that the testing team is involved in every step of the way. Successful software developers reveal that they started testing for red flags, errors or bugs right from the design phase.

If the errors are found at a later stage, the intensity of rework increases! The quality check team will not only save the cost and time by reducing the chances for mid-project redesigning but also avoid sub-optimal application quality. By making software testing your ‘mantra’ you will throw light on potential risks and surface functionality conflicts.

Step-4: Prioritize the ‘must have’ features and eradicate the ‘nice to have’ features

I’m sure that we all buy gadgets and do not use about 50% of the features, same is the case with software products! They have a lot of unessential functions that your target audience will never use. Such features increase the development time and maintenance cost, so make sure your product has the most viable features.

I advise you to start with a smaller chunk of money and create a basic product. Once it turns out to be profitable, you can always expand the functionalities of the product. This step will save your time and cost. Also, carry out a proper market research to determine and forecast what your clients are embracing about your product.

Popular Software Development Methodologies

A team picks a specific set of tools and procedures for design, testing, management, and other software development processes. These choices rely on the aim that stands before the team and the objectives of the product that is to be built. Here are the most well-known software development models that an experienced teams use:

Waterfall Model

This model presumes that each stage is finished before the beginning of the next one. For instance, QA engineers begin testing solely after programming is totally done.

V-shaped Model

It is a lot like the waterfall model with a slight contrast- that is the testing occurs simultaneously with the other major stride for software development process.

Incremental model

This model is split into builds. It implies that the product is developed with discrete squares/parts. In other terms, it means that the product is built like an enigma.

Rapid App Development Model

In this model, the project development is split among small teams who work simultaneously.

Agile Model

It is a sort of incremental model where each delivery is focused on better software quality. This methodology is broadly spread amongst teams and customers as it displays consistent process and fast results. Time taken to each build can be measured by weeks rather than by months.

Why does Anteelo trust agile methodologies?

The agile software development process and its most popular methodology – scrum, give you an interactive and dynamic experience. Agile methodologies will give you the power to collaborate with customers, interact with individuals and stay in constant touch with the team working on your project and produce sustainable, profitable and successful products.

It is all about accelerating the process, making it more efficient, and responding to the real needs of your customers, even if it does not align with your initial plan. Agile does help you to go with the flow and move in one direction with the understanding that you’ll change course along the way because of the constantly evolving technology and requirements. Also, this is the reason why the agile approach is really effective when it comes to startups.

The Path to Success

The most important outcome of following the above SDLC phases is that it will give fluency to the project execution process. Understand that the SDLC can be structured to the needs of a particular project in order to deliver the best product possible.

Anteelo offers custom software application development processes. The Anteelo product development team accomplishes in understanding your product, designing and developing it, testing it, and finally constantly evolving it. We align lean principles in our software development process.

Lean development principles is an agile approach which was developed on lean manufacturing principles. We assist in discovering, designing, engineering and scaling up your product. We excel in customer satisfaction, cost effectiveness, and efficient workflows.

If you are searching for a reliable custom software development company that involves the latest technologies of the current time, then you should opt expert agencies or companies in your area like software development company USA, if you live in the US. But make sure you choose the best to get quality results.