Mayank Pratap

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Co-founder of EngineerBabu.com | Writer at Entrepreneur, Hackernoon | Helped 100+ founders build awesome Web & App products| 30+ funded, 2 selected in YC 16 & 17

How is Technology Transforming Healthcare at Home

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Video Courtesy: youtube.com/ted


The world today;
Is experiencing a dramatic change in age demographics. Considering America as a prime example, it is estimated – In the year 2019, the group of people of age older than 65 will outnumber the group of those younger than fiveAs life expectancy increases, the number of people living with different chronic conditions and functional impairments, for instance, dementia, diabetes and the inability to manage household chores with growing age are further increasing.

People belonging to the “old age” group are more likely to suffer from chronic diseases and require more care and attention. In such times, the need of the hour is to discover and develop solutions that ensure people’s healthcare expectations, preferences as well as their needs. This leads us to envision the potential of ‘healthcare at home services’ that can benefit people of all age groups to take care of their medical situations independently with ease.

With rapidly progressing technology, the potential for transforming healthcare at home will also grow tremendously. Healthcare organizations and institutions will be able to provide exceptional levels of patient care along with the comfort of home. This will promote greater patient satisfaction and improvement of cost control in healthcare services. As per M&M, home healthcare is expected to reach $349.8 Billion from $227.5 Billion by 2020 globally, at a CAGR of 9.0% during the forecast period.

Healthcare Demographic across USA

Elderly and ailing patients might not have the resources and energy to visit doctors every now and then, which consequently leads them to choose the option of healthcare at home. Due to this, healthcare companies are always competing with each other in the race to adapt to the increasingly digitized world.
Specifically talking about the US, the healthcare organizations are well aware of the issues prevailing such as the need for increased care for home treatments of the aging population, mostly due to mobility and budget issues. The only savior that can aid in such a situation is technology, given that it is implemented correctly.

While working with technology, it is vital for home healthcare organizations to choose the right option to achieve the desired results, such as increasing efficiency while providing patients with the utmost care and affordable solutions.

What Constitutes the Spectrum of Home Healthcare?

Other than providing healthcare services for the elderly, healthcare at home is also useful for patients who need constant medical care and treatment once they get back to their homes from the medical facility or hospital. Home healthcare makes it possible for people to receive a variety of medical services in their homes. Healthcare at home can be beneficial for people dealing with different conditions. Whether the patient is an individual recovering from an illness after a hospital stay or someone who is disabled, old or suffering from a chronic disease, healthcare at home can be the right option in such situations.

Healthcare at home allows people to get any kind of treatment available; be it therapeutic or nursing or even routine medical assistance. According to a survey by Canadian Home Care Association, with the aid of healthcare services at home, there has been a decline of around 72% in emergency department visits, this has also resulted in the reduction of hospital admission rates.

Healthcare at home comprises of the following factors:

• Home Assistance
The primary focus of healthcare at home is for people to get medical support at home rather than spending time in a medical facility. Healthcare at home allows people to get the freedom of staying at their residential facility rather than opting for long-term nursing care at hospitals. With home assistance, medical professionals can assist patients who are incapable of conducting daily activities with help for tasks like food preparation, basic housekeeping, and emergency measures. This can be done until the patient can do all such tasks by themselves.

Home assistance also allows medical professionals to take care of medical and psychological assessments while allowing individuals to learn about pain management, disease education, and physical therapy, etc.

• Home Care Agencies
Home care agencies keep their focus on providing medical expertise in the form of healthcare professionals at a patient’s home. In such cases, medical professionals or doctors are sent to a patient’s house to treat their injuries or illnesses. Once the health condition of the patient is restored, the need for medical professionals end and their services are discontinued thereafter.

• Home Health Care Workers
Other than expert doctors, there are certain cases where other medical professionals are involved in home healthcare programs such as nurses, physiotherapist, nutritionist, occupational therapist, etc. The demand for such professionals is expected to significantly increase in the next decade as people of all age groups are growing more conscious of healthy lifestyles.

Benefits of Healthcare at Home

Healthcare at home can be beneficial for many reasons including but not limited to the following ones. Even when the patient is not in a condition to visit the hospital, home healthcare professionals can be of great help. They are specially trained and qualified to provide treatment while assessing the safety as well as risks at the patient’s home itself. They can also offer simple suggestions and corrections for the patient’s well-being, such as the medicines to keep in handy for emergencies or recommendations for immediate ambulance assistance etc.

Numbers don’t lie, and looking at the above infographic gives a clearer picture as to what the future holds for Home Healthcare Services
  1. Activities of daily living are supported in-home care too. These activities can include any basic necessity such as bathing, medicine reminders as well as grooming, etc. Such facilities allow elderly patients to get regular help along with their personal care requirements while maintaining a high quality of life for them.
  2. Expert nursing care at home is one of the significant benefits of healthcare services at home. Skilled medical professionals can carry out specific critical medical procedures at home with the help of supervised nurses who are certified and hold knowledge about technically advanced medical equipment. Healthcare at home allows your loved ones to get the personalized care that they need at their doorstep.
  3. Dietary and nutrition support is a part of home healthcare. Patients who suffer from certain diseases and are discharged from the hospitals after treatments, often grow very weak as they lack nutrition. Their problems can worsen with ageing, illness, and injury. Healthcare at home may include dietary and nutritional counselling along with home-cooked meals that can prevent your loved ones from lack of nutrition.
  4. Multiple medical prescriptions can turn to be confusing. Home healthcare experts can help your loved ones to consume the right medicines at the right time to control their medical conditions and prevent the intake of wrong drugs.
  5. When home care is provided to patients with chronic health issues such as diabetes or pneumonia, clinical trials have turned out to be better with fewer complications according to researchers. Healthcare at home can result in better health outcomes. Moreover, home healthcare allows patients to get treated in a better manner as it provides one-on-one support for individuals. Such personalized and skilled care strengthens the bond between healthcare professionals and their clients.

What’s Driving this Change in Home Healthcare Services?

Companies focusing on providing home healthcare services rely on automation heavily as it allows to ensure that the technology used in the process remains invisible and will enable them to deliver the best care for the users. Due to this factor, more and more home healthcare providing companies are discovering the potential value of automation and optimization as they need to stay competitive in the field.

Automated appointment scheduling is one of the examples of automated processes that result in increased efficiency. Leading technologies like Artificial Intelligence can help healthcare businesses in providing better organized patient-centric services.

Source: isalushealthcare.com

For instance, medicines and equipment required by the patients can be determined in real-time with technology. Along with this AI can allow the feature of predictive caregiver scheduling and appointment duration along with predictive routing for travel in case of emergencies. It can also improve customer service through predictive cancellation to avoid no-show appointment prevention.

The whole purpose of automation in home healthcare is to streamline the overall processes such as scheduling and providing services as and when needed, along with all the necessary equipment, thus, improving the patient care at an accelerating pace. This way, all the hassle of fixing random appointments can be eliminated while increasing the productivity of the overall system.

Recommended Read: Blockchain in Healthcare: Opportunities, Challenges, and Applications

The power of the latest ground-breaking technologies like Blockchain and AI can change a lot in the healthcare sector as by resolving current issues and helping patients to get the best experience when it comes to home healthcare. Healthcare organizations are getting aware of the benefits that technology can provide them such as finishing basic tasks and saving time.

5 Technologies Reforming Home-Healthcare

1. Sensors
According to Kalorama information, sales for remote patient monitoring was estimated to around $29.7 Billion in the year 2014 out of which a good part of the demand was accounted for home healthcare facilities and services. Eldercare providers have picked up interest in the home healthcare treatments rather than shifting people to another treatment facility.

As per the trend, sensor technology could be placed in home premises, around doors, windows as well as the patient’s appliances and equipment. These sensors can provide alerts to caregivers in case of any abnormal activity.

They can also track and send notifications if the patient misses their meals. This can be particularly important for patients dealing with diseases such as Alzheimer’s. Such patients can remain at home, and their activities can be monitored via mobile healthcare apps as well as sensors.

2. GPS
In cases of emergency, such as when senior citizens are away from home for a long time, GPS tracking can help their families, healthcare workers or law enforcement bodies to locate them quickly. Technologies with features such as mobile alert services also allow these devices to follow a hybrid approach that enables people to find the elderly even in places where GPS might not be available such as garage parking and indoors. It can also help by automated calling for assistance in case users fall.

Moreover, in need for emergency health services, there can be a difference of life and death concerning calling the closest emergency squad and rapid dispatching. GPS tracking becomes and much-needed option in emergency business service.

3. Remote Monitoring Tools
Regular health monitoring is not an option but a necessity when it comes to elderly patients. Many devices are available these days which can be connected to smartphones to help reduce the costs as well as the time that is consumed when it comes to doctor visits in endangered health situations.

Technology has enabled different options in the form of fitness bands that can keep a regular track of sleep, diet, number of steps, etc. Along with these, there are many other devices which can be used for the purpose of tracking and measuring glucose and blood pressure levels along with heart rate monitoring and other measurements. Such tools allow the patient’s family members as well as nurses and doctors to keep a detailed track of their daily healthcare needs and eliminate the need of calling a doctor time and again.

4. Big Data
Home healthcare relies highly on the data available from multiple resources and its analysis to gain vital insights for the right kind of treatment. Some home health services analyze data in massive amounts and use their outcomes to take preventive measures even before a medical situation can turn into a problem.

Big-data enabled sensor can detect the regular activity levels such as sleep patterns etc. and inform the caretaking authorities to take immediate action concerning any abnormality.

5. Telehealth
Telehealth systems are a boon to the healthcare industry as they provide people with the ability to use phones and other digital systems to connect patients with doctors and specialists. Moreover, the promising advances in these systems can help the disabled or elderly citizens from traveling to-and-fro to healthcare facilities. Devices such as smartphones and iPads with a simple internet connection can make it easier for the people to implement telehealth and make results easier to understand. They allow doctors to monitor patients from different places and share the outcomes in real time.

3 Applications Driving Healthcare Innovation

Constantly evolving mobile technology has led us to implement new and improved ideas to reality. Healthcare mobile apps are a big revolution in the industry as they have made our work more accessible and improved the rate of efficiency.
Following is a list of some of the healthcare applications that are rapidly transforming the healthcare industry for good.

1. Doctor-On-Demand:
Doctor-on-demand is a mobile application that allows the patient to get a consultation with their doctors through video calling. The application uses the concept of telemedicine to provide the patients with an on-demand doctor in situations of urgent care.

Source: dribbble.com/babuma

Certified physicians offer their services for urgent care, chronic conditions, preventive medicines, medical advice, etc for both medical care and mental health.
The app could also be helpful in non-emergency situations like flu and cold, respiratory issues, allergies, back pain, and UTI.

2. HealthTap:

A live screen capture from HealthTap
Source: dribbble.com/joshshiau

The application allows a patient to fix a virtual medical appointment with a doctor or to get some answers to their questions. It provides a convenient way to access healthcare from real doctors for 24*7, through consultations via video, voice or text. The app also has a knowledge library of around 700,000 topics and articles for people to read and learn about healthcare on their own.
It uses an AI-powered symptom checker for one-to-one recommendations and guidance.

3. Microsoft HealthVault:
Microsoft HealthVault is a digital service as well as a mobile app that offers a patient the freedom to keep their medical records updated and safe. The patients can also share these records with digital professionals securely in the time of need. The system is exceptionally suitable for patients with chronic diseases as they can keep a proper track of their routine health metrics.

HealthVault stores and maintains health and fitness information and addresses both individuals and healthcare professionals.

It also allows patients to set healthcare goals, track progress, and discover health trends.


Concluding View

Healthcare at home sure has a lot of potential but it can only be leveraged if the technologies are utilized in an effective manner.

Crucial data such as patient history should be managed properly and researched for insights and understanding without compromising its security.

People need to believe in technologies in order to adapt and use them in daily lives. Trending names like Blockchain and Artificial intelligence can bring a revolution in the healthcare industry with emerging use-cases and a proper understanding on how they can be used at their best for patients, doctors as well as the overall healthcare ecosystem.

 

Digital Transformation in Finance

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Digital Transformation in Finance
Transforming Finance One Step at a Time

Digital – the buzzword used or over-used for quite some time now, brings in a huge impact on the financial & banking industry. Digitalization or Digital transformation is nothing but the restyling of financial services.
Right from customer services to machine learning, from Artificial Intelligence to mobility; the finance industry is modified from complex, time-consuming operations to a more simplified structure and right at the helm, leading this transformation lies Revolutionary Financial Technology (or FinTech) Companies.

Digital transformation is utilizing technology such that it re-creates into efficient operations & processes. Digitalization is not a replacement to the traditional systems but utilization of technology to make the existing system or services significantly better.
So, what exactly is the difference between digitization and digitalization?

People often get confused in these two terms. So, what exactly is the difference?

Many find them similar but Digitization is the process of storing, converting, processing or transferring information in a format recognized by computers.
Whereas, Digitalization is the change in social, business and economic behavior on the adoption of new technology
.
The essence of digitalization is the way consumers, businesses and the government adopt & incorporate technology to collaborate with systems, processes, people and the entire business community.

One of the best examples of digitalization is the 
Apple watch.

Source: uxinmotion.net

The Apple Watch is a perfect specimen to understand digitalization, it shows how a normal watch can be transformed into a watch with a phone, messaging and internet capabilities.
Another good example is the mobile numbers linked with Aadhar Card (Unique Identification Number for residents of India) which in turn is coupled with the financial account of consumers.

However, it is not only technology but the changing corporate scenario, business processes, and operating culture, that drives digital transformation to success.

The financial projects eyeing digital transformation are long-term, massive in scope and comes with risks too. Though many consider digital transformation a hype or the confusion, it does involve a sincere & serious change in business spectrum. Since the time digital transformation entered the finance domain, there have been many surveys and research to understand the importance or impact of the same. Digital transformation technology calls for an investment in hardware, software and sometimes even in products or services.

Gartner survey with financial executives from huge corporate establishments revealed that 62% feel digital transformation is a management initiative while remaining consider it as a part of optimizationAlso, many companies are keen on investing in technology that can speed-up their businesses. In fact, companies opt for investing in digital transformation to differentiate from their competitors.

Impact of Digital Transformation on Finance

Digital disruption has heavily impacted a variety of habits and behaviors of the professional world. Technology combined with smartphones and the internet provides numerous benefits to the customers as well as to financial establishments. Previously the implications of digital transformation were unknown as people were concerned about the transition from manual to the digital world. However, the scenario has changed now. With tighter regulations and changing customer demands, the financial applications and systems have become nimbler and progressive.

For financial establishments,
digitalization is more than just adopting technologies such as cloud, big data, social media or mobile. It is aimed more towards creating new business models to develop an eco-system where all markets & consumers could participate.
Thus, organizations focus more on capitalizing with new and emerging technologies that help them in positioning and transforming the teams into high performers.

Digital transformation enables digital tools to enhance productivity & efficiency and change of hard paper documents to secured PDF or HTML formats. The days with an application form and product sheets are gone. The sales team & field officers are now empowered with smartphones and other portable devices where information can easily be displayed. Many financial services providers have embraced digital transformation. However, many companies have taken hold up approach of observing the developments and then decide on investing in digitization.

Digital transformation comes with its share of risks, and hence a setback approach is a safer route.

Digitalization has positively impacted the economic growth and has accelerated the growth of innovations. Many are on for a debate that there is no economic growth, but the signs of potential positive impact are quite visible; the best examples are the mobile banking apps, mobile money, and e-wallets.

Source: theninehertz.com
With the introduction of banking apps; Mobile Money and E-Wallets have taken a center stage in Finance all across the world.
Source: theninehertz.com

Enlisted here is the importance of digital transformation on financial sector:

1. High Standardization: Finance functions are always considered as high performing. When these are integrated with technology systems with standardized processes and data; leads to a high standardization.

2. Highly Automated functions:
Adoption of new technology tools lead to higher process automation for services such as money remittance, procurement orders, invoice generation, and KYC verification.

3. Faster Performance: 
With the adoption of big-data and other machine learning tools in finance, it is easier to predict and forecast budget allowing teams to finish month-end cycles before time.

4. Insight-driven functions: Digitalization has modified financial models in such a way that the resources concentrate more on deriving insights rather than focusing only on transactions.

5. Improved customer and employee experience: The same level of information is available with customers and employees and thus less chaos in transactions.

6. Better Service Delivery: The legacy systems integrated with new technologies have changed the finance’s operating model. The structured processes have improved service delivery.

Along with the high importance, the major priorities & challenges for financial services and banking establishments over the world that would impact their business includes strategies listed below:

  1. Acting in line with the regulatory requirements
  2. Reduced costs or improved margins for retail business operations
  3. Improved customer segmentation
  4. Enhancements in services, product designs, and promotional channels
  5. Migration from physical or legacy channels to a digital platform
  6. Integrating the legacy systems with new technology following all compliance and guidelines

Financial organizations now implement these strategies and they can digitally transform and automate their processes. The impact is such that there has been a drastic improvement in performing customer operations in a lesser time-frame. The automation has lead financial companies to meet regulatory deadlines, achieve operational and transactional risks and still stay competitive by investing in technology.

Digital transformation has assisted in automating monotonous tasks, management of compliance and accounting & operations functions which include accounts, reports & analysis. Digitalization also reduces the possibility of cyber risks and minimize errors that occur due to the execution of robust strategies.

Critics response to Digital Transformation

Despite the positive impact of digital transformation, critics believe this is a wonderful opportunity for tech vendors to restyle their services & products and sell them in the name of digital transformation.
Well, another critical point to note here is that none of the tech guys spend their working hours digitally transforming or innovating, but instead spend time in programming, coding, and development. However, critics do not realize that this coding, programming, and development is what makes a system perform in a particular manner. The technology drives these systems and hence the transformation.

Why digital transformation matters in finance?

Digital transformation may only seem to be a buzzword, but as they say, there is more to an iceberg than appears on the surface, there is definitely more to our story of digital transformation as well.
The concept of digitalization assists financial service executives in altering the already set rules, and the economic growth is quite visible. The customer-facing mobile apps are the best examples. The increasing number of people relying on the mobile and online banking applications, the financial and banking services are on a race towards digital transformation. The more convenient an application is for customers, the more is the digital transaction and financial growth.

For banks and credit card companies, providing a mobile customer experience with no downtime and faster transaction process is of higher importance. The other financial establishments such as capital markets, funds, and equity market utilize big data and automation tools for data analysis and high-performance computing to track milliseconds of transaction data.

Progression from Digitization to Digital Transformation

A closer look at both the examples reveals that the business is capitalizing on technology to improve customer experience.
The primary aim of digital transformation in the financial sector is to be more customer-centric.
In financial services, competition is not just with other financial services providers but with anyone offering a real technology and consumer experience. The focus while digitizing financial services or while developing financial mobile applications should be to make the customer’s lives easier. Here, it is essential to make a point that digital transformation is not a technology strategy but a business strategy that makes business swift and quick to respond to the market.

Digitalization has unlocked newer opportunities in the banking, credit and capital market functions of the financial domain. There are multiple branch locations, and it is hard to keep a branch right next to the consumer; hence mobile apps that keep your office straight in your hands. Having said this, many financial institutions still rely on their legacy systems that run on IBM frames and are built on COBOL.
These systems, however, cannot be upgraded or updated as the developers too have moved to the newer technologies. It is a considerable challenge for some financial services companies to pull out the data and get on to the modern technology-based system. Other than the integration of the legacy system with advanced technology, the keenness to embrace digitalization by company workforce was also a challenge. But with the disruption in existing services and products, it is essential for companies to focus on acquiring new skills and technology.

The key to surviving in a digital environment is to adapt and adjust to the changes. CIOs take this responsibility to adopt the changes and lead the transformation. Though the right technology will outgrowth the efficiency, it is the workforce that ensures successful implementation.

Digital tools meant to support financial functions

The digital tools meant for financial services industry focus more on improving and updating the existing competencies and core systems. There are other exponential tools too that are intended to deliver new capabilities.
The growing technologies disrupting the financial system includes:

Cloud
The benefit of adopting cloud in finance is unquestionable. Cloud brings further acceleration and swiftness. Cloud technology in financial services expedites new digital workflows enabling effective interdepartmental collaboration or collaboration between business and third parties. The financial institutions use SaaS-Based cloud applications for business processes such as HR and accounting. As the workforce and the team heads get comfortable with the application, it gets integrated with the core systems.Financial services/solutions find security & compliance as crucial problems.

Cloud Adoption Concerns in Financial Services
Source: slideshare.net

However, with cloud-enabled applications, it is easy to scale data for critical functions such as credit scoring, consumer payments, statements and billings for essential account functions. Also, data speed is vital for financial firms to stay competitive and in effect. Financial services industry is the primary target for cyber criminals, owing to sensitive personal information. The quickness of cloud safeguards the critical data, digital financial assets, and user information while protecting the employee performance.

Robotic Process Automation
One of the hottest entry in the financial services vertical is the robotic process automation. Financial establishments work on multiple technology systems and process robotics assist in automating transaction processing and communication across various systems.

RPA efficiently replaces human involvement and consequently reduces human errors in the process.

Process robotics address the key challenges of the financial sector and can be effectively utilized for:

  • Billing and collections operations & accounts receivable functions
  • Journal entry, allocations & adjustments, inter-company transactions
  • Reporting-financial as well as external
  • Budgeting, Planning & Forecasting
  • Treasury processes

Process robotics will enhance the functionalities of legacy systems by lessening inefficiency and addressing the manual intensive activities. Although Process Robotics is at a testing state at a few organizations but is working exceptionally well to support legacy systems.

Data Visualization
When it comes to communicating across multiple departments within the financial organization, data visualization is the key to attain insight. Business executives have an enormous amount of data but communicating in regards to same was an issue.

Data Visualization is the key to attain meaningful insights.
Source: dribbble.com

However, with data visualization, one can easily track and predict organizational performance. The financial sector is considered as the data hub. With data visualization, the analysts can explain complex data, trace intersections of information and present details based on this analysis that helps in forecasting organizational performance.

It is estimated that more than 65% of people are visual learners. Data visualization technique provides decision makers with detailed visual data illustrations so that they can understand the analytics through visuals and make informed decisions.
Data visualization can also help the financial sector in identifying new and additional trends for interactive features and more profound insights. In fact, data visualization is used by the financial leaders to track KPIs- financial and non-financial both. Also, these financial leaders improve team performance by correlating the KPI metrics and data analysis.

Advanced Analytics
Today, there are several different channels through which the customers interact with their financial services provider. Because of the multiple channels, there is a load of customer data being collected by financial organizations. This data can be effectively leveraged using Artificial Intelligence or advanced or predictive analytics to gain insight into consumer behavior. Advance/predictive analytics can assist financial establishments to optimize their processes thereby reducing costs.

Predictive Analytics
Predictive Analysis is best used in applications such as Fraud Detection. The dashboard of predictive analytics reports prompts and provides notification on anomalies in transaction data. Other than detecting the anomalies, the advanced analytics software can assist in collecting, cleaning and analyzing raw data. The analytics also assist in identifying customer trends by predicting marketing efforts and analyzing customer past and present online behavior using machine learning algorithms.
Advanced Analytics improves a variety of finance functions and assists financial leaders in achieving insights such as:

  • Improving supply chains
  • Revenue Forecasting
  • Identifying the trouble spots
  • Fraud detection

The combination of human judgment with automation and advanced analytics provides an ethical oversight to the business.

Cognitive Computing
Cognitive computing is yet another constant disruption in finance. It is the technology that makes use of natural language processing, machine learning, speech recognition, and computer vision to stimulate human thinking. For financial organizations, it is essential to collect, analyze and use data to improve decision making. 

An idea inspired by cognitive computing. While chatting or performing financial transactions through cognitive computing, the avatar responds in different facial expressions according to the content of the conversation. It makes it appear more like a face-to-face conversation, enhancing the facial expression/emotion that is usually missing.
Source: dribbble.com/phoenixjah

Some of the basic elements of cognitive computing are:

  • It enables financial organizations to obtain personalized information about the customers and use the same to notify about payments, bills, and other reminders. Cognitive computing also offers suggestions regarding exceeding customer payments and other intelligent automation services.
  • The cognitive computing also ensures the creation of conversation interfaces for placing customer queries and responding to them. Chat-bots are the best example of AI-powered digital assistants, developed to respond to customer queries thereby improving consumer services and CRM.
  • Robo-advisors too are a part of cognitive computing but are not AI-powered. The Robo-advisors use algorithms to read through data and come up with a suitable suggestion.
  • Cognitive technology works similar to human thinking but is considered as key to security. Protection of financial data is vital; hence cognitive computing is the solution.
  • With complex laws and regulations within the financial sector, poor knowledge of data policies can make finances a challenge for customers. With cognitive computing, real-time updates on rules and real-time implementation of the policies help in keeping policy documents updated and encourage good compliance.
  • Cognitive computing has enabled real-time trading analysis and improved trading systems so that customers can be served faster and better.

Cognitive computing has been beneficial for both the company and customers. Apps enabled with algorithms, machine learning, digital advisors and improvement in cyber security have positively impacted customers to manage their finances.

In-memory Computing
With financial companies dealing an enormous amount of data, higher transaction volumes and increasing compliance; there arises a need to address real-time data analysis challenge. If it is finance, it has to be high performing, but with enormous data load, the efficiency can be at stake.
The massive amount of trading and accounting data calls for a robust infrastructure, with high speed of transactions and in real-time. In-memory computing platform addresses these challenges. The information is stored in the main random access memory of specialized servers. This means that it eliminates the delay while retrieving data from servers.
The 24-hour mobile banking pile up huge data and at the same time the regulations, exchange rates, interest rates, share prices, etc. are also required to be updated. The in-memory computing platform offer users with real-time information and calculation. It also provides information around commodity trading in real-time at an excellent speed for the users to experience a never before financial experience.

Blockchain
One of the most trending digital tool these days is Blockchain. With the advent of Blockchain technology, the financial services industry is considered to have entered into a new digital era. This new technology has changed the way we think about transactions and has revolutionized the economy. Blockchain technology stands out of all the technologies that have disrupted the finance vertical.
Blockchain powers decentralized digital currency also called as cryptocurrency.

Recommended Read: How is BlockChain Revolutionizing Finance  

In Blockchain technology, encrypted blocks of data are considered as currency and are shared during transactions. Blockchain technology makes use of advanced encryption techniques to verify currency and transaction. Blockchain technology ensures that only the authorized users who own the part of Blockchain can edit the data using the private key.
Smart Contract is one of the most attractive applications of Blockchain technology. It automates the execution of commercial agreements and transactions. As Blockchain technology entertain no middlemen, smart contracts are considered more secure than the traditional agreements that adds up cost for the middlemen. It is also believed that the Blockchain technology will assist in fraud reduction, enable one time KYC process, efficient & cost effective trading, and many more.

The technology may sound a promising one, but still many challenges need to be addressed to transform the finance and banking sector with Blockchain technology completely.


Concluding View

It is just a matter of time before we see the described technologies disrupting the financial sector. With consumers becoming smarter and more demanding,

It is essential for commercial establishments to undergo digital transformation to appeal, capture and maintain the attention of consumers.

 

Top 10 Fintech Companies Transforming Finance in USA

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TOP 10 FINTECH COMPANIES IN USA

FinTech basically refers to technological innovation in the financial services sector.  The ultimate role of FinTech companies is aimed at utilizing technology as extensively as possible for easing out various financial processes. Active engagement of industry experts in this promising industry has led to the development of new technology.

Basically, FinTech involves the use of computer programs and other technologies to support and disrupt banking and financial services. It is utilized to aid companies, business owners and consumers for the effective management of financial operations and processes with the aid of specialized software and algorithms. The most popular FinTech companies have been structured to threaten, challenge and eventually uproot the traditional financial service providers by providing fast and reliable services. FinTech seeks to answer financial mysteries through technological innovations such as AI and Blockchain has led to a transformation of the internet economy. Here is everything you need to know for understanding intricate details of FinTech companies.

Why you need a FinTech Company for your business?

Online platforms in financial technology can be driving force for the growth of businesses by leaps and bounds. For instance, FinTechs can help credit unions and banks build a thriving B2B business without any hassles. It can majorly contribute by enhancing efficiency, reducing costs and downtime.  This, in turn, can be directly proportional to increased productivity and better utilization of available resources.

Evaluating the pros and cons can help you make the right choice according to your requirements. The key to choosing the right partner for your business will revolve around measuring certain compliance, risk tolerance, and customer service factors. In short, your FinTech partners should operate under the same high standards so that they can manage your processes without tainting your reputation. Here are a few things you need to know as to why you FinTech partner is indispensable for your business:

  •    Minimized risk and maximized positive impact:

First and the foremost factor which you need to consider is an easy identification of what is missing from your current offerings to the customers. It is quite possible that your customers aren’t really looking for a new service or solution. All they yearn for is a better and efficient access to products they already have.  Hence, finding the right partner will help you improve your streamlined processes and existing product line. This, in turn, can significantly impact your approval time and underwriting positively. In this way, the needs of your customers will be fulfilled and result in lowering of your risks.

  •    Increased transparency:

Ensure that you choose a FinTech partner who is completely transparent in their offering. Advertisements can often be misleading when very few loans qualify at that rate. Make sure that your lending platform partners are willing to share their actual APR range of loans. Always remember that your customers expect you to be very responsible for the service the partner provides. Thus, never compromise on these intricate details otherwise you might stake your reputation for no positive results.

  •    Demand built-in compliance:

With an increase in compliance costs, you should seek FinTech partners which already possess built-compliance technology which can help you mitigate the risks and improve your savings. You can choose those partners which are working under the same banking standards as you, with a regulated protocol and uniform processes. Their ultimate goal should be to help small businesses grow exponentially without ruining their credibility in the market. Built-in compliance technology can thus play an instrumental role in driving down the overhead costs.

Hence, choosing the right FinTech partner can turn out to be a blessing in disguise. You need to stand out in the crowd in the competitive market by improving your efficiency, delivering speed and providing low-cost loans. Technological advancements in the finance sector can help banks accelerate their working processes. But, you need to be cautious as not all FinTech companies will share the same principles, standards, and goals as you. Thus, study the market trends properly before you step out in the market to choose your right FinTech partner.

Top 10 Reputable FinTech Companies For Your Business:

   1.  Stripe

Stripe Fintech Company

Valued at a whopping $9.2 billion, this fintech pioneer ‘s mission is to transform the workings of internet business. Founded in the year 2010 by Irish brothers, Patrick and John Collison, Stripe has achieved indefeasible feats by supporting online transactions for various bigwigs like Uber, Google, Spotify and more. Its ultimate goal is to ease out the process of secure and fast payments. It provides APIs to clients so that integration of online payment systems with their websites and apps can be smooth. Apart from that, it aims at building flexible and powerful tools for internet commerce.

Stripe’s unmatched functionality and meticulously designed APIs help create the best possible products for users. Undoubtedly, it is a one-stop destination for the creation of subscription services, crowdfunding platforms, an e-commerce store and more. This technology company builds economic infrastructure for the internet by helping out businesses of every size. It combines a payment platform with applications that put revenue data at the heart of business operations. Millions of world’s innovative technology companies are scaling efficiently by building their businesses on Stripe. No wonder, Stripe has occupied the top positions in the Top 10 list of FinTech Companies.

2.  Sofi:

Sofi Fintech Company

Sofi has made a mark in the FinTech industry by helping people achieve financial independence. It follows a unique approach to offering lower interest rates and lending to encourage big savings. Sofi has brought the necessary disruption in the US personal banking sector, by putting the consumer first. With student loans mounting up and credit scores going down, acquiring money from a bank became a tedious task at hand.

It established itself in the market by targeting student loan refinancing for Standford MBAs. But, with time, it moved forward with providing personal loans, mortgages and wealth management. Currently valued at $4.3 Billion, the company has grown exponentially in a short span of time. Founded in 2011 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady, the company has explored various economical alternatives for students depending on loans to finance their education.

  3.  GreenSky:

Greesky Fintech Company

David Zalik, a child prodigy who began attending college at 14, founded GreenSky in 2006 in Atlanta, Georgia. GreenSky stands tall in the market among other FinTech companies as it specializes in consumer finance marketplace. Their areas of expertise include Retail and Home Improvement. They have built their customer base in over 50 states of USA. They strive to transform small businesses and consumer credit mechanism by enabling pervasive and affordable access to financing.

GreenSky has funded over 12 billion loans and worked with more than 1.7 million customers. Apart from that, it is in collaboration with over 14 large banking institutions which aim at granting loans to customers through an easily accessible mobile app. GreenSky also financially supports medical procedures that may not be included in insurance such as cosmetic surgeries, dental assistance, visionary care, pet medical services and more. It has emerged to be a sought-after alternative for credit cards. In this internet driven era, where people are used to getting everything done with a single click, the instant lending option by GreenSky is changing lives for the better.

4.   Credit Karma:

CreditKArma Fintech Company

Founded in the year 2007 by Kenneth Lin, Nichole Mustard, and Ryan Graciano, this company has proved to be an emerging player in the Financial sector. Its ultimate aim is to provide free access to credit scores and reports to its reliable customers. Also, you can viably make informed financial decisions by seeking the advice of their experts. Credit Karma holds great years of experience in providing financial management and free credit services.

Some other areas of its expertise include monitoring unclaimed property databases, free tax preparation and recognizing and disrupting credit report errors. It receives most of its revenue from targeted advertisements. It generates customers’ credit scores and reports from Transunion and Equifax with weekly updates. This customer credit data is then analyzed by the company in order to recommend financial products to the users. Any purchases of the financial products bought through Credit Karma recommendations generate revenues for them in terms of commissions paid by the banks. Also, its massive social media campaigns have helped it to gain recognition all over the world. In 2015, it began its MyMoneyStory online campaign encouraging people to talk about personal financial problems and issues openly and share stories of their financial woes, a rarely discussed topic in American society. No wonder that it has occupied the top charts in the Top 10 list of FinTech Companies.

5.  Oscar:

Oscar Fintech Company

Founded in 2012 in New York City, Oscar strives to use technology to humanize health care. Its founders namely Mario Schlosser, Josh Kushner and Kevin Nazemi aimed at establishing health insurance company centered around the patient, engaging members and guiding them to the right care. In an attempt to make healthcare simple, smart and user- friendly, Oscar has hidden all the complexities of the process behind a simple and accessible user interface. It offers all its members free 24/7 telemedicine visits through their Doctor-on-Call Service.

A Concierge Team, comprising of three care guides and a registered nurse capable of handling everything from customer support questions to clinical coordination, is assigned to each of its members. It provides direct appointment scheduling and a clinical dashboard bringing all of the patient’s medical histories on a single platform. Today, Oscar drives the highest levels of engagement in health care, helping over 250,000 individuals and businesses from startups in Brooklyn, New York to bookkeepers in Bouldin Creek, Austin – take charge of their health.

6.  Avant :

Avant Fintech Company

Founded in 2012 by Al Goldstein, John Sun and Paul Zhang, it started with the aim of lowering the barriers and costs of borrowing. This Chicago based online money lending company strives to make the process of loan transaction smooth and user-friendly. Its founders Sun and Zhang graduated from the Y Combinator startup program in 2012 and wanted to build their business, Debteye. The application process for the business loan was tedious and, lead to frustration and desolation for them both. They decided to start Avant with the aim of making loan processes easier for other people.

Avant uses custom technology and analyzes customer data to provide personal lending and credit scoring options. While most of the lenders look at the financial history of the customers, Avant focuses on what they can achieve in the future. They study the behavioral and emotional patterns of the customers and not just their financial reports in order to provide them tailor-made lending options.

7.  Zenefits:

Zenefits Fintech Company

Zenefits is a promising American company which was founded by Park Conrad in 2013. It aims at providing cloud-based HR software as a service to its clients. Multiple HR services such as health insurance, payroll compliance, paid leaves, stock management options are taken care of by Zenefits. It follows a hub-and-spoke model for generating revenue. The cloud-based software service(hub) is provided to the customers for free thereby making it easier for the business to import all the employee information in Zenefits. It makes money through the spokes such as Health Insurance and Payroll by acting as a middleman between the companies providing those services and its clients. Therefore, it generates revenues in the form of commission. Zenefits has helped small startups tremendously by automating HR processes for them. Its network is spread in Tempe, Chicago, Atlanta, and Vancouver. Its goal is to bring technological disruption in an industry where usage of dot-matrix printers and fax machines is preferred.

8.  Prosper:

Prosper Fintech Company

Prosper was founded in 2005 as the first peer-to-peer lending marketplace in the United States. Since then, Prosper has facilitated more than $13 billion in loans to more than 850,000 people. It is an online platform which encourages people to invest in a way that is financially and socially rewarding. Borrowers can apply online for a fixed-rate, fixed-term loan between $2,000 and $40,000. Individuals and institutions can invest in loans and earn attractive returns. Prosper handles all loan servicing on behalf of the investors and matched borrowers. Prosper Marketplace is backed by leading investors including Francisco Partners, Sequoia Capital, Institutional Venture Partners and Credit Suisse NEXT Fund.

Founded by Chris Larsen and John Witchell, it maintains a full public database of all loans issued through its marketplace on its website. This database and all market statistics can be accessed and evaluated for analysis of loan performance over time. It follows a transaction-based business model, charging customers a nominal fee for each transaction. It verifies the borrower’s identity before processing loans and manages every stage of the process.  For the first three years of its existence, it followed a variable rate model functioning as an E-bay like online auction marketplace. In 2010, it filed a new prospectus at the SEC, altering its business model to use only pre-set rates determined exclusively by a prosper formula. Instead of auctioning for rates in an unmoderated and sometimes unfair auction process, lenders have to just make a simple choice now. They can invest at the rate assigned to the loan by Prosper’s loan pricing algorithm or not invest at all.

9.  AvidXchange:

AvidExchange Fintech Company

This American FinTech company provides automated payment solutions and account payable options to medium-sized businesses. AvidExchange was founded in 2000 by Micheal Preager. Catering mainly to real estate, financial services, energy, and construction sectors, it aims to make the process paperless and hassle-free. It provides electronic invoice capture, invoice approval workflow, invoice and bill payment reporting, utility bill analytics and payment solutions, centralized invoicing processing, account payable solutions and accounting system integration software solutions. It eliminates the outdated manual processed that lead to fraud, delay in payments and painful audits. Comprised of a family of 800 employees, AvidExchange witnessed a 3-year growth of 285% in the year 2017.

AvidXchange strives to give you the power to reduce processing costs, accelerate approvals and eliminate paper with more transparency into, and control over, spending than what you have ever had. AvidXchange gives you the power to automate manual tasks and spend your time doing more valuable tasks. Purchase-to-Pay (P2P) automation is all about eliminating manual processes and becoming more effective and efficient.P2P Automation streamlines the entire process from purchasing all the way through payment for enhanced reporting, optimal spending and better budgeting for your entire organization. Their leadership team is comprised of a representative from every functional area of our business. Their experts aim at creating strategies that can help your business grow manifold.

10.  Robinhood:

Robinhood Fintech Company

Robinhood is a mobile-application based service allowing an individual to invest in publicly traded companies and exchange-traded funds listed on U.S. stock exchanges without paying a commission. The billion-dollar enterprise was founded by Vladimir Tenev and Baiju Bhatt. In order to keep the fees down, the company has no storefronts and provides no additional tools. Aptly named after the popular fictional character, it is helping the less economically privileged grow by using and betting on rich people’s money. The fintech app has eliminated all brokerage fees that have traditionally been associated with initiating a buy or sell. It earns money through its Robinhood Gold accounts for premium members and by collecting interest from cash holdings and stocks just like a bank. The app is simple and clutter-free making it easy to use for everyone. Robinhood’s platform has fed directly in the application that links out to some popular free resources such as MarketWatch and Seeking Alpha, providing you all the necessary information you need about the market.

Conclusion

We can expect Fintech start-ups to engage with the established industry contenders and focus more on the customer experience and services in the digital era. In the long run, Fintech will have to invest more in innovation techniques, risk management, and partnerships through collaboration. This will be of great aid to both the banking sector and Fintech companies. It also needs to innovate its business models and find their place in the B2B sector. Furthermore, Smartphone would prove to be an important distribution medium for engaging with customers in the future.

Also, traditional financial contenders can explore the growth opportunities through new monetization models. And banks will have the benefits from the financial technology company ’s knowledge to develop the insights about the needs of their customers. Interpersonal relationships, on-demand, and smooth transactions are what new age customers are looking for. Therefore, the opportunity is huge for Fintechs to add value by employing big data, artificial intelligence, machine learning to the financial services.

Fintech is constantly developing and maturing and many fundamental tasks still need to be explored. NIFA is willing to work together with every country to strengthen communication and cooperation, to learn from each other, and to jointly promote fintech worldwide. With fintech firms, central banking is not an issue as lenders and borrowers are matched with each other to make a more stable credit exchange. It has the potential to completely change the way banking functions. FinTech is taking the age-old method of borrowing and lending without the existence of separate institutions and is challenging the territorial habits of traditional insurance and banking services.

 

How to build an app like Airbnb? (Airbnb Clone)

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Airbnb Clone

What do we look for while travelling to a new place? We look forward to a new thrilling experience but at the most economical rate. Imagine that you can find all of it on one platform, A Home away from Home.

What is Airbnb?

Airbnb is a travel app which provides a platform for apartment rental opportunities all over the world. Airbnb serves as a tempting marketplace for owners of property and people seeking short-term accommodation. Airbnb has changed the way people tend to look for apartments. It provides captivating opportunities for property owners and travellers. This digital platform serves as an interactive environment for people i.e. the Hosts who earn by renting their property to guests who are looking for affordable accommodation. Airbnb is functional over 190 countries worldwide. That’s the major reason that in no time, it has completely conquered the global market.

Airbnb business model canvas

Major associates:

  • Host –  People who own a house or property and want to lease/rent them. Airbnb receives Commission from hosts upon every booking.
  • Guests – Travellers,  families going for a vacation and or official work who want to stay comfortably at affordable prices. They receive a commission from guests upon every booking.
  • Freelance Photographers – Airbnb has a varied network of freelance photographers in most of the cities across the globe. Once the host lists their place on the portal, these photographers are hired to take high-quality pictures of the property. They are directly paid from the Airbnb portal.

Target audience

  • Travellers who need a simple affordable place
  • Business travellers
  • Travellers with families
  • Travellers looking to explore new places.
  • People looking for extra income who can hosts to earn.

Channels of Distribution 

  • Website
  • Mobile app on both iOS and Android platforms
  • Digital marketing
  • Social media
  • Promotions

Cost Structure

  • Maintenance of the online platform
  • Employees (Airbnb has over 2000 employees)
  • Online payment platforms like to MasterCard, Visa, and PayPal
  • Marketing and promotional activities
  • Insurance

According to the latest stats, the company now has:

  • Over 100 million users
  • 640,000 hosts
  • Around 2 million listings
  • 500,000 guests stay per night via Airbnb
  • 10 billion miles of travel to Airbnb destinations
  • 191 countries and 65,000 cities Airbnb are actively involved in.
  • Estimated revenue of $900 million

Dribbble: Bad Taste. for DWTD

Required features to be included in an App like Airbnb

Guests/Travellers

  • Log-in / Sign-up – The users are supposed to log in with their pre-registered ids or create a new account by filling their details like name, number, etc. they can also sign in via their email address or social media channels.
  • Manage account – Edit, manage and update personal profile information like email id, mobile number, date of birth, gender, permanent address, etc. The account password can also be changed.
  • Chat and push notifications – Like any other messaging app, Airbnb provided instant notifications for chats.
  • Search Filter – Users can look for desired accommodation by filtering their travel like Dates, room type, price range, required amenities etc.
  • Host interaction – Users can communicate with their host via messages even before booking their stay. They also have the liberty to accept or decline offers and create new requests.
  • Payments – Users can select the payment method and can access the receipts and pay details of the transaction. They can also view every transaction history. They can switch to the desired currency too.
  • Create wish lists/Saved – Missed out a place due to high rental or non-availability. No worries, you can wishlist them and get notified if the rental falls.
  • Booking – Also, the booking done by a user can be checked. It can a past cooking or an upcoming one.
  • Coupons – Coupons can be used during checkout. These coupons can be earned by referral codes.
  • Maps – Airbnb simplifies the booking process with maps. They help in showcasing the location with rentals, around the area the user wishes to stay in.
  • Help – Users can view the FAQs sections and ask for help in case of any confusion with the booking or in case of seeking any booking or hosts related help.
  • Rate and Review – Users can share their experience with the hosts by rating and reviewing them.
  • Sharing – Users can invite friends to through social media accounts to download the app.
Airbnb Clone
Dribbble: George Vasyagin

New Additions

These features can also be added to make it stand out even the more.

  • Receive SMS-notifications – Users can receive messages to notify them about their booking and also promotional offers.
  • Supplementary – While making an app like Airbnb, more social media channels and payment methods can be integrated with it.

Hosts App

  • Registration – The Host can fill in their details and register themselves by listing their vacant property.
  • Log-in or Sign-up – The hosts are supposed to log in with their pre-registered ids or create a new account by filling their details like name, number, address etc. They can also sign in via their email address or social media channels.
  • Manage Personal page and profile information – Edit, manage and update personal profile information like email id, mobile number, address, etc. The account password can also be changed.
  • Manage listings – The listings i.e. the property details like the amenities available and pricing can be handled under this section. New pictures can be uploaded whenever required.
  • Booking Listing – All the upcoming bookings can be seen in a systematic way, in form of a calendar view. Each date of the month will showcase the bookings.
  • Request – This is a passage for accepting or declining the user’s request for your space.
  • Messaging feature – Hosts can freely communicate with their guests through the chat feature. They can revert to all the queries of the guests even before booking or confirming their stay. Create and send new requests to guests.
  • Rate and review guests – Each guest can be rated and reviewed according to their behaviour and conduct.
  • Account Details – This helps in adding or removing information in the account.
  • Help – Guest can view the FAQs sections and ask for help in case of any confusion with the listing of their property or in case of seeking any booking or guest related help.
  • Sharing – Hosts can invite friends to through social media accounts to download the app.
  • Booking History – All the previous bookings and the payments received can be tracked down here. Also, the revenue generated can be estimated.

Admin Panel

  • Dashboard – The admin dashboard to view all the users registered(new and old), hosts(new and old) and the photographers.
  • Manage new listing – All the new listing uploaded are scrutinised and processed further. The admin panel provides the liberty to edit, add or delete listings, according to the need.
  • Booking History – All the previous and new bookings can be checked here. There’s also an update on the current status of each reservation. These can also be edited, updated or deleted.
  • Feedback and complaints – All the feedbacks provided by the guest and hosts can be viewed here. Any complaints with regard to the hosts or guests can be processed here.
  • Insights – All the details of the previous and current activities can be observed here. These detailed insights help in future decisions.

The technology required for building an app like Airbnb

Dribbble: Johny vino™

Programming languages – Ruby, JavaScript, HTML5, CSS3
Application Framework – Ruby on Rails
JavaScript Framework – React.js
Automation Frameworks – RSpec, Capybara, PhantomJS
SQL data storage – PostgreSQL
Global Payment – Braintree
Messaging & Communication – Twilio
Cloud Storage – Amazon S3, EBS
Cloud Hosting – Amazon EC2
Voice and SMS API for SMS, Voice and Phone Verification – Nexmo

Know the major Competitors

With the growing popularity of Airbnb, there are several more who offer short-term home rentals platforms out there. We have covered the most prominent, Airbnb like hosting platforms. Check out these alternatives!

Homeaway

Homeaway has over a million listings around the globe and its presence in 190 countries. It is considered to be the main competitor of Airbnb as it provides all the services that Airbnb offers and also has its own insurance program. it’ owned by Expedia and it operates regional sites like VRBO, TravelMob and VacationRentals. It has a lot of upscale listings.

FlipKey

Flipkey is a major company run by TripAdvisor. It has a large number of users and the highest quality manual verification program by the websites employees. The “vacation rental marketplace,” as called, has been expanding with almost 3,00,000 properties in about 160 countries. It doesn’t offer shared rooms but has unique property filters like dog-friendly, kid-friendly, or waterfront property.

Roomorama

This Singapore-based vacation rental company may not be as large as Airbnb but offers about 80,000 properties worldwide. All their apartments and homes are instantly bookable. They focus mainly on the security and claim all their hosts are 100% verified. The guests can take advantage of local deals and perks which is not yet a feature at Airbnb.

How much does it cost to build an app like Airbnb

It is a task to analyse the cost of development of a mobile app like Airbnb. The entire design of the app is split into several parts based on the specifications required. The cost of development of a popular app like Airbnb depends on the following factors:

Airbnb Clone

The size of the team
If the team is small and functional, the process can go smooth. Let’s say, the project manager handling more than his part. Else, other than a designer and developer, a lot more people like project manager, system administrator, quality assurance member will be required in the team.

The number of platforms the app is being built for
The cost of building an app like Airbnb fluctuates based on different platforms. iOS, Android both need different app screens to adjust the app too. All this is decided based on the target audience, device environment, etc. Moreover, android app development takes a little more time than iOS as it has more devices to be tested against.

Features and Functionality of the app
Another important factor in development is the features and functionalities one wishes to incorporate. Basic features like past booking history, reviews, and ratings, data of the hosts, communication between the host and traveller, etc. occupy a lot of space and result in a surplus charge.

Design of the app
Airbnb being a big app, has to look good to attract the customers all around the global market. It should leave a long lasting impression on the mind of the viewer to lure them into making reservations. The app should be easy to use and the design has to be engaging. Another aspect os the design is whether its standard or customised. New,  unique visuals can be added instead of the stereotype backdrop. New designs will definitely shoot the development price.

Developers
The most vital point is, where are you looking for the developers. The place or location of the developer is one of the deciding factor. Also, the cost will vary based on the experience of the developer and his/her expertise.

In-app purchases and any other special features.
Any technical complexity that you desire to add, be it simple, medium or high, will affect the costing. Different features like geolocation, data sync, booking calendar, in-app calling, etc. will definitely give a raise to your budget.

Above, was just a basic analysis of the factors that might affect the cost of development.  To determine the pricing of the application, an estimated development cost will be calculated with the approximate time required for creating each feature. The development time is calculated in hours and the rate per hour varies from company to company.  Each company has its own rate per hour. I am considering an average price of development per hour $30, based on worldwide standards. Now let’s assume we are building an app solely for iOS platform.

1. The Team

A minimum team will include:

  • 1 UI designer
  • 1 iOS developer
  • 1 backend developer
  • 1 project manager
  • 1 Quality Assurance Engineer

The app architecture

Airbnb Clone
Dribbble: Sarah Chudawala

Next, we determine the app architecture. Every project commences with initial action steps. We can calculate the hours per step by diving the app into different components based on the overall app resources, modules and technical base used.

  • 20 hours – Project setup
  • 20-25 hours – REST API implementation
  • 10 hours – Database model
  • 10 -15 hours – Implementation of services and libraries

Development effort estimation

Registration/login feature – The basic step is registration so that the user will be able to access the app. To start using the app, it would be seeking the agreement of the user with the conditions and policies besides the other fundamental details. This would consume around 10 to 12 hours.

2. User Profile

The user profiles will be of two kinds, guest and host (owner of the place). Both have to create their profiles by filling in their personal details like-

  • Name
  • Gender
  • E-mail address
  • Birthdate
  • Telephone number
  • Permanent living address
  • Personal description

3. Filters

The listings and search filters can be used by hosts as well as users. A host can add information on the house type, room type, accommodation details, photos, pricing, etc. if user is looking for a place to stay in, they will require details about housing like location, check in and check out dates, house type, and size, amenities, host language, photos of the home, price range, etc. as this feature is vast, developers can take up to 24 hours to build it.

Dribbble: ueno

4. Accommodation Description

After the filtered have been chosen, a wide variety of search results will pop with various options and description of the rooms you wish to stay in. The variants are as follows-

  • Photos
  • Map with the location
  • Accommodation
  • Host Profile
  • Amenities offered or available
  • Rating
  • Reviews
  • Price
  • Terms and conditions
  • Available dates

5. Maps

Maps allow the users to freely search for a perfect location, check various spots on the maps, and spot a place to stay. Map localisation helps to see the routes, neighbourhoods, and amenities in proximity to the location. All these help in choosing the desired place to stay in.

6. Settings

The users can customize and configure their preference under this feature. The settings menu allows you to control the following functions-

  • Push notifications
  • SMS notifications
  • Updates on rental options in a specific area
  • Conversation with the host(messages)
  • Wish-lists
  • Payment method and currency

7. Invite Friends

A user can easily invite a friend to download the application and join it.

8. Add to Favourites

This is a fundamental feature by which the user can bookmark certain results and add them to favourites and view them later.

9. Translate Feature

This feature helps the user to translate the description of the rooms into their preferred language. It is enabled through the Google translator,  the text is sent to google translator and translated into the chosen language.

10. Guide Feature

This personalized feature shows the sites and neighbourhoods around the chosen location.  It shows the locations around that can be visited.

11. Property Listing

Once you sign up as a host, you need to fill in all the required details, the app will show you the approximate rent you can charge for your house/apartment/room.

12. Backend

The server-side part of the app is very crucial as the product requires time to configuration from both client and server side. The client side is how it will virtually interact with a user and the server side includes its functionalities, server connections, etc. the backend is the most time-consuming part of the entire process.

So, what’s our grand total?

Airbnb Clone
Dribbble: Ueno

After having dealt with all features and modules, we have reached an estimate of the development cost. each a total cost of $28140 – $30840. Which is approximately $29000 – $31000 considering the $30 per hour as the average rate for counting the cost. However, this can vary depending on the mobile app development company and the technology they use. Moreover, the hourly rates differ from country to country.

After looking at all the aspects and stages of development, we may say building an app is not an easy and swift task. However, if all the things are lined up in a proper manner, not only will it be super successful but also very affordable. In case you have some queries about the cost of building an App Like Airbnb, let us know your exact requirements here and we will let you know the estimate.

EngineerBabu, being an experienced app development company, Airbnb-like apps are now just a piece of cake for us.

If you wish to hire our team of experts, we are just a call away!

Our clients are highly innovative and we respect them for coming up with innovative challenges for us. Spare some time to know about our creative solutions to various technological challenges with our case studies here.

Did you hear what our clients have to say about us? Get to know us better by reading the work experience of our clients with us.

Here is our complete library of innovative mobile apps which we have developed for our clients across the world. Feel free to ask for a demo and we will help you with it.

We would love to be your app development partners. Please drop a detailed inquiry about your requirements and our team will get back to you as soon as possible to discuss further on the development.

On a scale of yay to nay, how helpful did you find this guide? Please share your views in the comment section below and we would appreciate your efforts.

Did we miss out on an aspect or two? We’d love to expand our knowledge.


 

How to Build an Awesome eCommerce App? A Complete Guide to Developing an eCommerce Mobile App

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ecommerce app

A Complete Guide to Developing an eCommerce App

Shopping Spree, Shopaholic, Fashionista, and what not! All thanks to Social Media Platforms for bringing in the fact that people love to shop; irrespective of the time; irrespective of the place.

With the touch of digitization, the entire brick and mortar commerce arena revamped itself into eCommerce, wherein people started shopping online with the very ease provided by their devices, that too in the very comfort of their home.

eCommerce website, what once was a revolution has been commemorated by eCommerce mobile application. Indeed! eCommerce mobile apps with the slogan, “Shop on-the-go” are reigning over the smart users and their smartphones today.

Amazon, the biggest player in the eCommerce game along with its counterfeits Alibaba, Myntra, Snapdeal, have become an integral part of people while malls and supermarkets are being lowered to “Selfie zones”, “window shopping fads”, and “Check-in” hangouts.

Who would want to spare the precious time of their weekends, standing in long queues at the billing counter, waiting for their turn while France is playing against Croatia! Well, with eCommerce mobile app, all they could do is shop and yet never miss the game.

That’s eCommerce mobile app for you!

Image Source

Who doesn’t have a dream of running a successful business with customers crowded all over the shop? eCommerce mobile app can be your dream come true business as you can target the customers from across the world and you don’t have to travel to market for your brand; that’s an added advantage.

Recently, there has been a great rise in the demand to build an eCommerce mobile app. Every single day, startups are getting into the eCommerce business and all they target is mobile-first, website-second!

Cutting it short, if you are an aspiring eCommerce businessman, you have landed on the right page. Let me tell you, developing an eCommerce mobile app is not a very big deal today, especially with the nascent of tools and technologies playing around.

And the future of eCommerce, AI and VR technologies are decked up to renovate the eCommerce ecosystem completely with unforeseen features like virtual changing room. Must say, even the future of eCommerce is way too bright and now is the time you should seriously consider building your very own eCommerce mobile app.

To start with, it is important that you define your eCommerce business goals with utmost clarity. What type of eCommerce mobile app do you want to launch your business – Android or iOS? What is your product going to be? Who is your target audience? Which brands are you targeting?

Once this is sorted, you can move to the next important step which involves defining the right features for your eCommerce Mobile Application.

Features are the reflection of your USP. That is going to make all the difference for your target audience. Basically, they are but the deciding factors of whether your revenue grows or flows away to your competitors. Hence, it is important to plan the features for developing your eCommerce mobile app.

Below is a list of features extracted from the successful eCommerce Mobile App and you cannot afford to miss any of these:

A Simpler Registration Process

As easy as this sounds, it can be an exhaustive one for your customers and they might simply choose to uninstall the app with pages and pages of information to fill in. Who’s got time anyways

Ensure an easy registration process. With everybody having a Social Media Account today, you can enable sign up and login with two clicks at maximum and your customer is on-board! Plus, an extra brownie point for learning their preferences through their digital age on their Social
Media Accounts!

Supports Multiple Payment Options

Let’s say, you have a big fat customer who mostly shops online and visits your eCommerce mobile app to give it a try. After dumping his stuff into the cart, he realizes you do not have the payment option that he prefers. You just lost a big customer. And many more who prefers the payment option that your app does not offer.

To play safer and smarter as an eCommerce businessman, you have to open the doors to the most popular payment methods. Credit card, debit card, net banking, and eWallets being at the top, ensure that you subtly push your customers towards using your app’s in-built wallet.

Push Notifications

Your customers have their needs and want, you have the required supply to fulfill them but how to bridge this gap of communication? Push notification is the key!

Push Notification is one of the most important features that map the success of an e-commerce mobile app. They enhance the customer engagement as it keeps them informed about the referral, discounts, sales, promotions, and offers, to keep them coming back for more. This, in turn, provides you with the opportunity to cross-sell and up-sell for getting you better profits.

Social Media Integration

Don’t tell me that you do not want ALL the attention of your customers. You even want their social media time. And your demand is justified considering the fact that you are running a business.

Not only for one-tap login, Social Media integration will ensure that your eCommerce mobile app is right in front of your customers wherever they are; chatting on Facebook, Tweeting on Twitter, or pinning on Pinterest. This will also help them easily share your special discounts on their social media accounts. What better than word-of-mouth marketing and user-generated content!

Complete Synchronization

You have your eCommerce website and an eCommerce mobile app. You have come up with a very exciting feature that is sure to strike a chord with your targeted audience and take their buying experience to the next level. But you have to launch this feature before your competitor does. You want better time-to-market but with edits to be made in both the portals separately, time seems to have stopped. What would you do?

Speed up the process by getting our eCommerce mobile app synchronized with the website. Save plenty of time, beat the competition, and increase your sales.

Google Analytics

It’s just been a while since you launched your eCommerce business. You think you are faring well so far. But keeping your gut feeling aside, how do you gauge what is working for and against your business?

Ok, like every time, Google has the answer you want with Google analytics. Optimize the use of Google analytics to find out how your customers are really finding to be on your mobile app with the help of real-time data. Know which product of yours need a different packaging, what offers can make an appealing combo, and which demography is resonating well to your business, all this with Google analytics.

Review & Rating

Don’t shy away from the fear of getting bad reviews and poor product ratings. A wise businessman is the one who is open to both criticism and learning.

Empower your customers to review and rate your app and its features. The possibility is, the products that you are offering are nowhere in the wish list of your buyers and reviews will help you achieve this sense of realization. Again, after improvements do not delete the negative feedbacks, rather thank them and show what steps you have taken. This will make them feel important and who knows they will stick to your brand like forever!

Wishlist Button

It’s the end of the month. The salary is one week away and your customers don’t want to miss out on what they have recently found out. They want to buy it, not now but definitely after a week. Let wish list play its share.

Wishlist, at times, can be a savior to your sales. It helps your customers to save products they wish to buy later. Plus, you get an edge over knowing the preferences of your buyer and personalized offers and SOLD!

Easy Checkout

All the enthusiasm and energy of your customers is gone in making their choices and adding items to cart. Now’s the tough part – the payment!

To ensure that they do not abandon the cart, build your checkout process as easy as possible. Help them save their card and e-wallet details and take them faster through the payment gateways. As said earlier, your customers hate to wait in the billing queue, don’t let them wait with virtual billing system as well!

There are myriads of eCommerce mobile apps already in the market. You need to stand out from the crowd and these features will help you make a move. If you follow a customer-first approach by providing them the utmost ease to shop, you will easily be able to retain your customers. On the other hand, when your competitor has an amazing experience to offer in reference to features, your customers will be inclined to them.

In this situation, the smart way is to build an eCommerce mobile app with the right features and avoid any fluff that could possibly take away your customer engagement rate.

Make them feel that you understand the issues they face while shopping with other mobile app and the solution. Give them the value of the time, energy, and money they spend using your mobile application. This is the only important key to win over your customers and has an upper hand over your competitors.

Things to Take Care of While Building an eCommerce Mobile App

ecommerce app

Right from conceptualization of what USP of your eCommerce Mobile app is going to be to launch a Beta Version, there are many important aspects that are to be taken care of.

With time, experience, and analytical skills, I have collated a complete guide with elaborated information on the important aspects of app development.  

If you are a first-timer, you might feel the hardship right from the beginning. You might even end up scraping the entire business idea. But do not drop yet. We are here to help.

The basics of any eCommerce mobile app remain the same. All you need to add is that pinch of your branding and the spark of your USP to make your business stand out and stay at the top in the Google search engine results. Some of the fundamentals that you should consider basic while building an eCommerce mobile app are:

  • Easy navigation
  • UI/UX with right features
  • Visual appeal
  • Brands integration if at all you are into multi-store eCommerce
  • Inventory management

Here is an ideal step-by-step process for creating and launching an eCommerce Mobile app that you should follow in your trail to run a successful eCommerce business:

Keep in mind your eCommerce business goal even before you begin with the development process. Know what uniqueness you bring in or what issue you are going to solve for your customers with your eCommerce business.

Do not go “all in” with the launch of your business. You need to know what works and what doesn’t. You need to know your real-time buyers. You need to know what gender you should target. You need to know a lot! Start small but concrete. Make expansion only when your business is ready. Get help from talents and app development experts to upgrade your business version. Take a look at this guide to outsource the best app developers.

In the urge to following the ABC’s of your eCommerce business, do not forget the M for Marketing. You need to reach out to your potential customers to help them reach out to you.

Attract them with on-boarding referrals, convert them with your USP, close your sales by keeping them engaged, and delight them with information about the products they need and you offer.

Ultimately, it all depends on the quality of development. Hire experts that are passionate about their work as much as you are about your dream eCommerce business. Retain them by providing them the perks and incentives that are best in the industry.

Key Aspects for eCommerce App Development

ecommerce app

Before proceeding any further, let me give you a detailed glimpse of the key aspects to focus on while developing an eCommerce mobile app:

Market Analysis and Buyer Persona:

The basis of an eCommerce mobile app development lies in determining the buyer persona for your business. Ask yourself, “ Who are you selling your products to?” Accordingly, carry out your research for your target audience.

Analyze the behavior and patterns of your target audience. Know their digital age and their likes & dislikes. This will help you create your app as relatable as possible for them.

Know your Competitors:

Extract a list of your competitors. Create a separate list of what they are into and what makes them the obvious choice for the buyers. Do not duplicate their features or their business model, rather research well about the business model and make the maximum out of your analysis.

Choosing Technology:

Know the ins and outs of your business so as to decide on the technology to create your eCommerce mobile app. Keep an eye on the budget of development, know your inventory and select the CMS, database, framework, and most importantly the backend and frontend languages to code your app.

If you want a better time to market, go for the hybrid app, if you want sustainability, go for a native one. Similarly, you have to decide whether you want to launch an Android app, an iOS app or both at the same time, keeping in mind the device usage of your target audience.

UI and UX Design:

Give your brand the voice it deserves by soothing color schemes, appealing visuals, and smooth transitions for your customers from one page to another. Create options for your logo and leverage it to the optimum. That is going to be your business’ identity for your target customers. Play with the subconscious mind of your customers by leveraging smart branding tactics for creating a lasting impression.

Cost of Developing an eCommerce mobile app:

ecommerce app

Ultimately, it narrows down to whom you are investing and how much you are investing. Without a doubt, the budget is the front of the mind concern for the app development. To save you from this budget dilemmas, I have created some pointers for you to remember while going forward with app development:

  • Features: Whether you want to launch your eCommerce app with MVP, or a mixed bag with MVP and advanced features, or a full-fledged eCommerce mobile app with advanced features.
  • Android or iOS? The price tag of iOS is on the higher side, decide what device you want to be primary for your business. You can always scale your business later.
  • The low maintenance expensive backend development or the low budget high maintenance third-party APIs.
  • A better time to market with hybrid app development or better sustainability with native app development? Make your choice wisely, you are in the business game for a long run.
  • Outsourcing the resources has a visible effect on your budget and so you need to be very careful hiring them.

Again, a number cannot be projected with respect to the cost of developing an eCommerce mobile app as there are variables. However, to be as helpful as I can, I have put down an estimate on the basis of the trends I have witnessed considering the generic app development scenario.

  • If we consider the most basic version of the app with only the MVP features and simple UI/UX design, the projected price can go to $60,000 just for development. However, there is very little support and maintenance required.
  • If we consider a mixed bag of basic features including a few advanced features, the price an go up to $60,000 to $80,000.
  • If we consider the app to be developed with advanced features, then the price can be as high as $80,000 to $120,000.

Outsource Developers for eCommerce Mobile App Development:

website cost, ecommerce app

On the basis of your scope of work, you would want to outsource resource and skilled developers for building your eCommerce mobile app.

There are many different types of pricing model that you could choose from – time-based, scope based, fixed price and fixed time pricing model, or dedicated resource hiring.

Dedicated Resource-based Hiring

When opting for a dedicated resource based hiring, ensure that you know the scope of work and that you are not paying for an extra resource.

To develop a basic version of your eCommerce mobile app, you will need –

  • UI and UX designer
  • 2 – 4Developers
  • Quality Assurance Engineer
  • Backend Developer
  • Project Manager

To develop an advanced version of eCommerce mobile app, you will need –

  • Team Manager/Project Manager
  • UI/UX designer
  • 3 – 4developers for each platform
  • Quality Assurance Engineer
  • 2–3 backend developers
  • Admin panel developer

After this virtual tour to developing an eCommerce mobile app, are you ready to step into the real world with real hiring of skilled resources for your to-be-real eCommerce mobile app?

Having helped in weighing all the angles of your eCommerce mobile app, we can be the partners in your endeavors with our rich experience worth boosting. We believe in work than words. Have a look at various case studies that are being written every time we faced a new challenge and the creative solution we provided.

Nothing better than a client talking to a client. Know what our clients have to say about our work and achievements.

Yet not convinced? Here we are with practical and live applications that we have created for our clients. You can go ahead by testing these apps, who knows you might find your perfect app development partner!

We would love to be a part of an eCommerce mobile app development.

Please drop an inquiry about your needs and our experts will get back to you as soon as possible to make your eCommerce business possible.

Are we helpful to you in your venture of building that perfect eCommerce mobile app of yours?

Yup?

Nope?

Whatever?

Still in doubt?

We would love to hear from you. Please feel free to comment your views or confusions and we will strive to get them resolved for you.

Lastly, for this all-in-one comprehensive piece that was specially created to guide you to the right business path, don’t forget to clap it once, twice, or till your heart’s content.

Top Ten Mobile App Development Companies In India [October 2018]

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app development companies india

Top Ten Mobile App Development Companies In India: Curated List

If you want to scale great heights in online business, then contacting a top-notch mobile app development companies in India truly helps you in reaching that goal.

There has been a tremendous change in the way of doing business in the last few years.

But, with the use of smartphones becoming a necessity in our lives, it has become the device of choice to browse and interact online.

The ease of use combined with the speed and security one can avail on a mobile browser has led to the switch from web to mobility.

The right kind of mobile app can grow your user base exponentially, thus increasing your ROI.

The domain of online business is diverse, and so is the type of app you can deploy to make higher profits.

It is necessary to embrace Mobility Solutions to transform your business productivity.

Whether it be banking, food, e-commerce, retail, beauty, and fashion, or anything else, you need a flawless mobile application to capture the market and draw more users to your business.

This task can be completed by hiring the right professionals for the work, that will furnish your app as per the latest trends and features.

Confused about how to proceed with Mobile App Development companies in India?

Check out these top mobile app development companies in India, that will furnish you a great mobile application, as per your precise requirements.

1. EngineerBabu 

engineerbabu

Based in the heart of the country, EngineerBabu is digitally born company, raised by ideas. Since our inception in the year 2014, we have served over 10 million users worldwide.

We have a trustable team of 65 In-house creative Designers and Developers from Top colleges with a 97% retention rate. Our designs are out of the box and stay in the market for the long run. This is one of the reasons for us winning Most innovative Design in Premier Design Awards’ five times!

Over the years, we have worked with more than 100 non-tech founders and stimulated several startups. We are the only IT service company in the world whose products have been selected in Y-Combinator in 2016 & 17 and have received funding from over 30+ companies.

We outclass in every segment we enter. Till date, we have worked in Automotive, Finance, Insurance, Healthcare, Manufacturing, Public Sectors, enterprise, dating, travel and lifestyle, entertainment, banking, real estate, education, fitness, gaming, publishing & media domains.

“Design is not just what it looks like and feels like. Design is how it works.” –Steve Jobs

We provide back-end support to big banks like Yes Bank and ICICI Bank. And very recently integrated with the popular food delivering app Swiggy. Our dating app MTJF featured in Apple India’s list of top 20 iOS applications.

We love listening to new ideas and making them successful. If you have one in mind, feel free to call us or email us

2. MacAppStudio

macappstudio

MacAppStudio is the place where you can find the world’s most valuable developers that have revolutionized the business of their clients by furnishing them a sturdy and flawless application.

This mobile app development company in India has achieved great heights since their establishment in 2012, in Chennai, India.

They are proficient in creating apps for Mac OSX, iPad, iPhone and Apple watch, along with being adept in the Windows and Android framework. They have also created bundled apps for iPhones.

With their assistance, you can complete the journey from dream to reality and draw huge return on your investment.

Their portfolio boasts of over 120+ apps in almost every single platform available.

Being Intel BlackBelt recognized clearly showcases their technical expertise. Their developers have an in-depth knowledge of XCode, Swift, Android Studio, Eclipse, Java, PHP, CSS3, HTML5 and much more.

Apart from that, they also specialize in for integrating the latest technologies into your application, and technology consulting for OS and platforms.

You can also get a first live version of your app from them for free.

Having a totally transparent development process, MacAppStudio is a great company to contact for native as well as cross-platform applications.

They provide amazing mobility solutions at affordable prices.

Also, they have got an excellent rating of 4.9 Good firms, which speaks a lot about their work quality in itself.

You can get in touch with them through a Skype call or call directly at their contact number to present your business idea and get a quote.

3. GoodWorkLabs

GoodWorkLabs

Founded in 2013, GoodWorkLabs has been delivering classic mobility solutions since its inception.
It is the recipient of many prestigious awards and is known for its client satisfaction rate.

With its offices in Banglore, Kolkata, and San Fransisco, it caters to people all over the world.

They have established themselves firmly in Mobile App and Software Development, simultaneously working as a top notch UI/UX Design Agency.

The blend of all these services can provide you great success with your business and amass a great number of users, thus increasing your profits.

The experts are highly trained on all major mobile platforms, that is iPhone, iPad, Android, and Windows.

Their expertise in PHP, Ruby on Rails, NET, Java, Perl, MySQL, Oracle and several other technologies can help you in launching a powerful and stable application for your business.

They improve the user interface and visual design of their solution as per the business requirement, leading to consumer satisfaction.

GoodWorkLabs has helped many start-ups as well as big Fortune 500 companies with their mobile applications, Big Data Technologies, Artificial Intelligence and Machine Learning.

Their programmers are well versed with all the latest technical progress and use it to the best advantage of the application.

You can also contact their developers for Mobile Gaming technology coupled with a scalable and bug-free code.

It is recognized as the 5th fastest growing tech company at the Deloitte fast 50 awards.

If you wish to contact them for your project execution, you can mail or call them and get a quote to get started, One of the best mobile app development company in India.

4. Vinfotech

Vinfotech

Vinfotech provides a vast array of services ranging from consultancy and design to engineering and full community management support.

They started by offering custom social network solutions but are now one of the top mobile app development companies in India that provide intuitive and trustworthy Mobile Application Development.

Their team of professionals has great skillsets and complete knowledge required for the creation of a highly functional custom-made mobile application.

They finish all of their projects well within the stipulated time and that too without any error or glitch.

Whether you are a start-up or a mobile app business, they will build you a flawless and swiftly be working app, that will help you in capturing the market.

The developers at Vinfotech utilize a human-centered approach to overcome the glitches in app design.

The focus on end-user empathy and rapid prototyping help them to achieve their goal without sacrificing on time.

The project is handled with the utmost concern from its inception to the launch.

Start a project with them if you are looking for fast development without compromising on the quality of the application.

By hiring them you can be sure of a reliable and secure app built on a proven framework.

Get a quote from them by submitting a brief query on their page or call them directly.

5. Hyperlink Infosystem

HyperLink InfoSystem

It is one of the prominent mobile app development companies in India and has its clients all around the world.

Set up in 2011, they have quickly made their name in the domain of mobile app development and has some top brands in its portfolio.

Their experienced professionals can help you with the specific enterprise needs and configure the app as such to obtain the maximum Return on Investment.

They are equally adept in creating apps for various operating systems such as iOS, Android, and windows.

You can discuss your idea with them and they will develop a great application that is fully customized as per the market standards and matches your expectation.

They believe in applying stringent quality methods in all of their projects and making them available at affordable costs.

Any application is fully tested before handing it over to the client.

They are also well versed with PhoneGap development that is based on the open-source software Apache Cordova and can be used with the various OS.

Inducing an interactive interface with the app is of utmost importance and that too without compromising on the speed.

The developers at Hyperlink are proficient at achieving it and incorporating other innovative technologies in the application.

You can also contact them for Mobile Game Development for iPhone, Android, and Window devices. Allure more users by integrating Virtual and Augmented reality in the gaming interface.

If you are looking to capture your audience with your mobile application, you can call their team or mail them to discuss your idea in detail and get a quote.

6. Softway

Softway

Softway is located in the Silicon Valley of India, that is Bengaluru. They have a team of passionate engineers that boasts of exceptional knowledge and unmatched skillsets.

They are experts at creating top-notch mobile applications that help you in clicking with your customers and increasing your profits.

They are well adaptive with all the latest technologies and features needed to create a powerful and relevant mobile application.

It will help your customers to interact with your brand easily, along with giving them a great user experience.

With a rich portfolio that boasts of thousands of apps with satisfied clients, they are the pioneers in developing a highly functional mobile app.

A properly designed app clubbed with a user-centric design can simplify your work considerably.

The programmers at Softway always strive to meet their clients’ expectations with their work.

Discuss your idea in detail with them and get an insight whether to invest in iOS, Android, or Hybrid app development.

One of the best mobile app development companies in India. Browse through their portfolio to get an understanding of their work potential.

If you like their approach, they are just a phone call away. You can also submit your query and they will get back to you, to take the idea of your project forward.

7. Lochbridge

Lochbridge is a company that has been driving mobile innovation for many years.

They have helped numerous clients in reaching their goals and increasing the profits manifold by unlocking new business opportunities.

It holds a strong presence in various sectors such as Automotive, Finance and Insurance, Healthcare, Manufacturing, Public Sectors and others.

With their award-winning deployments, they have enabled over one billion IOT interactions which have driven huge revenues for their respective clients.

Their team of strategists and technologists can tailor-make your desired application with their in-depth knowledge of industry-specific Mobile Technologies.

A great app can enhance the way you connect and interact with your customers, side by side streamlining the operations.

Every business needs an application that prioritizes usability in design, simultaneously blending innovation with technology.

The experts at Lochbridge can be contacted for the integration of intelligent systems in web and mobile based applications.

This will transform your business and increase the consumer loyalty and revenue gains. Their services are cost-effective and provide secured information solutions.

Along with web and mobility solutions, they can also be contacted for Cloud Computing.

They develop an impeccable Cloud transformation strategy and roadmap to generate more leads for your business. One of the best mobile app development companies in India.

They are adept at Hybrid Cloud Strategy and Transformation of applications into Software as a Service (SaaS) models. Learn more about their work by getting in touch with them.

8. iMobdevIMobDev

iMobdev is another reputed company that excels in iPhone and Android app development. With their head office situated in Ahmedabad, Gujrat, they have a strong global client base spread all over the world.

They have around 7 years of experience and can render your app with all the latest features, necessary to generate more users and more profit.

Their team of 100+ professionals has successfully completed more than 500 projects worldwide.

Having created mobile apps for different sectors, such as enterprise, healthcare, banking, real estate, education, fitness, gaming, and many others, they have gained an extensive experience.

They are pioneers in converting your ideas into a great application through which you can achieve your goals.

Provide a great experience to your customers by utilizing their cutting-edge development services.

Their other areas of expertise include UI / UX Design, Web Application Development, Internet Marketing, and Cloud SaaS development.

Having a flawless and powerful website is a pre-requisite for any business to succeed, and the experts at iMobidev are there to help you with this concern.

Always eager to hear their clients, they are always passionate about their work and work dedicatedly to achieve the targets within the deadline.

Their programmers are well versed with latest web technologies and multiple app development platforms and follow a streamlined strategy while working on any project.

They cater to anyone looking to succeed in online business, whether it be a start-up or small or large organization.

One of the best mobile app development companies in India. Contact them to establish a long-term business relationship.

9. Diaspark

DiaSpark

Diaspark is a CMMI Level 5 company that provides an array of information technology solutions.

It has over 20 years of experience and has catered to brands from all over the world, which also include some fortune 500 enterprises.

It is your one-stop solution for app development, integration, quality assurance and security, and consulting.

What makes them a trusted company in the domain of mobile app development is their vast experience and the use of latest technology during the development process.

They completely support your application, right from the conceptualization to its development, and till the deployment.

The experts in their team ensure that the application is designed as per the business requirement and your investment brings bountiful results.

They have helped a great number of businesses by creating a rich blend of mobility and IT consulting solutions across jewelry, healthcare, energy, retail, ISVs, and publishing & media domains.

One of the best mobile app development companies in India.

Following a 360-degree business, an approach is their way to understand the client’s vision and thus increase the efficiency and improve the return on investment.

Increase your brand awareness and visibility by hiring the top programmers at Diaspark at economical prices.

They have received numerous awards and certifications that proves their strength in the field of mobility solutions.

You can also choose to integrate the app with backend systems and wearable technology for a better user experience.

An error-free and easy to use app will indulge the customer in interacting happily, along with leaving a good impression on his mind about your company.

10. Click Labs

clickLabs

ClickLabs is a top-level company to contact for on-demand mobile app development.

Their programmers have accumulated an extensive experience and great knowledge to build your dream app from the scratch, as per your business demands.

An entirely customizable solution molded to your business needs will provide you a large customer base.

They also provide advanced analytical solutions to maintain good customer relations and improve your services.

You can contact them to create a real value for your business and to provide an omnichannel experience to your customers.

Efficient operations combined with real-time updates will give you a solid edge over other competitors.

One of the best mobile app development companies in India.

Since its inception five years ago, they have powered more than 100 platforms and helped them towards their journey to success.

They have been recognized as the Top Software Developers by GoodFirms and has received several other awards.

They focus on maximizing their client’s ROI through their mobility solutions.

Submit a query on their page so they can get back to you and discuss the possible business opportunities.

There are thousands of mobile app development companies in India, of which I’ve compiled a list of the top few.

This list is based on the client satisfaction and the performance of the apps furnished by these companies.

It can indeed be a mammoth task to select the right type of company for the development of your project.
You can discuss your business idea in detail with them and have a look at their portfolios to have a better understanding of them.

All of the companies listed above have made business-growing apps for years and equipped them with the latest technological trends.

Top Best Freelance Content Writers in India

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Top freelance content writers in India

Finding a dedicated freelance writer who can cater to your requirements in the best possible way can be a pain in the ass.

Everyday we used to get many requests where clients asked for freelance content writers who could be entrusted with the task of writing efficiently.

Thus, I have curated the list of Top Freelance Writers from India based on people’s recommendation.

I got more than 70 recommendations and choosing the best of the lot was indeed a tedious task.

I have personally checked their portfolio, client testimonials before jotting down my Top 10 List of Freelance Writers.

I think that this list of Top 10 Freelance Writers can help you with content creation, content marketing and content strategy work.

I have covered all kind of writers who can handle various niches ranging from technology to health and fitness.

This is not an promotional or sponsored post, I haven’t charge anything from anyone.

I am also not an affiliate to any people mention here in the list.

1. Mukti Masih 

Mukti Masih has been writing content for more than 14 years now, starting her stint with The Times of India.

Her three years of experience as a journalist taught her how to balance facts with the right blend of emotions to strike a chord with readers/customers.

She has in her kitty market leaders such as Vinfotech (leading fantasy sports app development company); Akshaya Patra (NGO that’s running world’s largest mid-day meal scheme); LetsShave (India’s Most Promising Brand award winner); InstaCar(Central India’s first funded start-up and fastest growing intercity cab startup) and The Crowd Sourcing Week Magazine (Singapore and New York-based magazine on crowdsourcing economy); Sayaji Group of Hotels among others.

Her strength is original content with the right blend of personal touch and a selling strategy.

Since she is an avid traveller, she gets to write engaging startup stories for YourStory and travel stories for various publications.

She has so far written 200+ video scripts, 100+ websites, over 10,000 blog posts and around 4,000 social media posts.

She is also the co-founder of a leading video production house AVM Pictures.

Why Is She One Of The Best?
Mukti is a complete content strategist who treats every piece of writing like her own personal blog.

She inevitably brings out a human angle that resonates with the customers in her content.

She knows that more than 1/3rd of consumer decisions are based on emotions, not facts.

Her stories, articles and blogs are credible because they are well-researched, aptly source-credited and full of interesting analogies.

She would invariably bring in a Batman movie reference in a startup story or a Breaking Bad reference in a big data article.

This makes her content most relatable to her readers.

Client Recommendation
Pushpendra Agrawal – [Founder & CEO- MSG91] Those who know Mukti well would agree that she is a friend, philosopher and guide, in a true sense.

What I appreciate most about her work is her ability to cut through the predictable politics of a project, keep the team involved and deliver the expected results and more.

Supriyo Das Gupta [State Marketing Head MPCG Dainik Bhaskar Group]
Mukti did a number of writing assignments during my DNA days and she was a delight to work.

She was sincere and honest and met all her deadlines. She also co-ordinated well with my team of sales guys and designers to produce rich content.

She is a very dependable person and a great writer. What I found the most exciting about Mukti is her zeal to add values in areas where she did not expertise.

Portfolio Link

Prices

These prices are subject to the volume and type of work. Tentatively, Rs 1-3 per word; Rs 350 per hour; Rs 5k to 30 k per website.

How Can Clients Contact Her?
For text content projects – muktimasih2@gmail.com
For video content projects – http://www.avmpictures.com/

Follow Mukti Masih on LinkedIn


2. Priyanka Desai

She is one of the best known content marketers from India. A contributor at Forbes, Tech in Asia, SEMrush, e27 and Business.com.

Her PR firm iScribblers works with innovative technologies and disruptive entrepreneurs to get their stories featured on top media outlets.

Portfolio:

Client Recommendations –
We work with niche technologies.

  1. One of our clients is into contextual ads and we get them featured regularly on blogs such as ProBlogger and Jeff Bullas.
  2. Another one is into app localization. We’ve got their thought-leadership posts published on – Apptentive, Nimble, Business2Community, Entrepreneur, Tech in Asia, e27, AppLift, and CrazyEgg.
  3. We’ve got a blockchain founder of our portfolio covered on Entrepreneur, Startup Grind and Tech in Asia.

Prices:
Commercials – Approx. $xxx per post, To get discount content her on LinkedIn


3. Samarpita Mukherjee Sharma 

While I’d studied Economics till my Masters, I changed line and after studying Mass communication, I moved to journalism.

After my stint with DNA, I became a full-time freelancer in 2010. A year later, I set up Cover To Cover Writing Service.

I have worked with publishing houses, travel & hotel brands, individual authors, government agencies, start-ups, and brands.

A multi-tasker, I freelance as a content creator-cum-curator for travel and lifestyle brands, a manuscript editor and a travel writer, apart from being a blogger.

I have also been recognized and awarded for my digital contribution to United Nations Volunteer projects.

I am currently working on the backend of my own start-up which will bring travel, stories, and children closer together.

My media presence has been compiled here.

Portfolio Link:

Why you are best:
I have been writing for a living since a decade now and having been trained as a sub-editor, I am aware of nuances, expectations and requirements from a writer.

Content is what I do and understand very well. I do not juggle careers and all my time, attention and creativity are completely invested only in content creation and strategizing.

Client’s Recommendation :

The best thing to happen to me was meeting Samarpita. She has been the most patient editor and friend both.
Keep up the great work! – Aakanksha Sadekar, Storified.me
More reviews can be seen at https://www.facebook.com/pg/wordsbysam/reviews/?ref=page_internal

Prices: 
Rs 8/word onwards. Regarding editing, please refer to http://samarpita.in/service-offered/


4. Bhawna Aggarwal 

I am an engineer, entrepreneur, and freelance writer.

I am doing freelance writing from last five years and that too for some big names like Thrillophilia, WittyFeed, Mettl, Auxesis Groups, Lalaji24x7, NRI Startup India, Startupp, Befikr.in, etc.

I have a team of 20+ writers who can write contents on different topics with extreme research and execution.

I personally write for Thrillophilia and WittyFeed because I have a different place in my heart for creative writing.

I am currently working on one of the white papers of Auxesis, India’s leading Enterprise Blockchain company.

I was offered with various Business Analyst jobs in the companies like Mckinsey and Byju’s, I left all of them just to work as a freelance writer.

Portfolio link:

Client’s recommendation:
I will get that of Auxesis, Lalaji24x7, WittyFeed or Thrillophilia, whatever you say after the confirmation because there is no use in getting one if it won’t be published.

You can also find a recommendation on my Linkedin profile.

Prices:
The prices usually depend on the work, but I normally quote 70p – 3Rs per word for normal blogs and Rs1-2 per word for technical blogs.

How Clients Can Contact Me:
Linkedin: https://www.linkedin.com/in/bhawna-aggarwal-95a00162/


5. Arti Agrawal 

Arti Agarwal is a Content marketing professional & writer.

She is an alumnus of IIT Roorkee and has worked as an independent professional in the fields of writing, photography, design & Content marketing for the last 7 yrs.

She was recently awarded the “Most Influential Content Marketing Professional” award by the World Marketing Congress.

Why they are one of the best –
Arti Agarwal is not only well versed in the English language but knows how to study & explain any subject in depth.

She works as a content marketer, which means she knows how to write any content piece with the goals and target audience in mind.

Client’s recommendation
You can see the Linkedin recommendations if that works.

Previous work

Prices
The rates vary based on the topic and length of writing. An indicative figure would be 50$ for 500 words.

How client can contact
Reach her on a@quiller.marketing for any queries.


6. Mathew J Maniyamkott

I started with a blog in 2011 on Blogspot pivoting it later to WordPress where I rambled about things that mattered to me.

Probably the best thing about me as a writer was I wouldn’t mind sharing my writing with random strangers and ask them for feedback.

The feedback was good and I got a few writing offers that way.

To create a portfolio, I started writing for free at Inc42.com, wrote a few articles for Trak.in as well.

By this time, I was charging a rupee per word for my clients.

I connected with an Editor of Indian Express and 6 months after asking if I could contribute to them, they gave me a ‘Yes’.

I had a column called Kickstart and Techtracker where I used to feature startups and technology respectively.

Then I started writing for Yourstory.com, The Hindu Business Line (On Campus) and recently signed a contract with Entrepreneur India as well.

Previous Articles

Charges today:
I charge 3-5 rupees/word for Indian clients while I charge 15 cents/word for US clients.

What else am I working on?

  1. Creating a website where I interview Internet Entrepreneurs, it is to convince people that they can earn from the Internet too.
  2. Help startups with Content Marketing.
  3. Working on a fitness blog where I write the stories of people who have achieved their fitness goals.

I have interviewed and featured over 200+ entrepreneurs over the course of my writing career and this is something I love about my job.

7.  Anuradha Tiwari 

TEDx Speaker, Author, and Freelance Content Writer.

She helps companies around the world acquire more customers by providing tangible and impressive online results. Featured in Yourstory, India Today, Gig economy, Topyaps.

Nature of engagements: Web content, Articles, Blogs, Press Release, Social Media Promotions, and SEO.

Experience of working with more than 35 brands including Apollo hospital, Fabindia, Amity University, Max hospital, Narayana Health, Portea etc.

Portfolio link-

Price2 Rs per word Onwards

Clients can reach out at-

anuradhatiwari@justburstout.com
Linkedin- https://www.linkedin.com/in/anuradha-tiwari-b7489a131/
70k+ Followers on Quora
Links
Books
TEDx talk
Quora


8. Protima Tiwary 

It has been 4 years since she has been freelancing as a writer.

With around 6 years of experience in marketing, branding and communication solutions, project management and people management are her strong points.

After having tried her hand at event management and advertising with a publishing house in Mumbai, she opted for the agency life in Pune as a client partner.

Over 2 years she had worked with digital campaigns, right from planning to execution and analysis.

She has also worked on specialised social media campaigns for many leading hospitality and lifestyle brands in Pune.

She is a published author on publications like Tribune,  India Today, Millionaire Asia, DLF Emporio, Just Urbane, Little Black Book Mumbai and Pune, Social Samosa, Punekar.In, Indibeat, Whatfix to name a few.

Client Recommendation

Portfolio

Others
She was recently on the panel for Women Writers Fest by SheThePeople – http://www.shethepeople.tv/women-writers-fest-pune-room-full-powerful-women-powerful-talks/

Price: Rs. 7 per word (avg)
She is also a fitness blogger, details of which are as follows: http://dumbbellsanddrama.com/

Medium – https://medium.com/@DumbbellsnDrama


9. Anshul Motwani 

He is a founder of WittyPen; which is a content marketplace where we have curated writers across experience levels and industry domains.

We help businesses to create content at scale through our platform, which helps them order, track, collaborate and receive content.

Our customers don’t need to spend time in selecting micromanaging writers for their projects all of it is taken care by us, ensuring quality content.

Also, we have a team of Editors who check every single content for grammatical and plagiarism issues.

From a single dashboard, customers can track all the content to be created in a month and they can invite their team to validate and use the content.

We have 200+ writers, 10+ editors and worked with 100+ businesses till date including Coverfox, Explara, Acko, Boltt, Numberz and many more.

Why us?
For customers: We assure quality content and consistency to scare creation as they grow.

For writers: We pay and we pay well.
We help writers understand and complete content as per the expectations of the customer and there is assured payment for all the work done and accepted.

Our rejection rate is less than 2.5% . the reason you should keep us on freelance content writers list.
Portfolio: WittyPen
Pricing: https://wittypen.com/pricing
Contact us through: Wittypen.com


10. Vagisha Arora 

I have an experience of about 4 years in Freelance Writing.

My passion for writers is the main driving force which has helped me to explore myself in various niches.

What makes me stand out in the crowd among thousands of freelance writers is my commitment and dedication towards my writing.

I completed my MA in English from DU in the year 2017. I have been working with Accenture as a Content Analyst since then.

Why me?
She has an experience of about 4 years in Freelance Writing.

Her passion for writers is the main driving force which has helped her to explore herself in various niches.

What makes her stand out in the crowd among thousands of freelance writers is her commitment and dedication towards her writing.

She has completed her MA in English from DU in the year 2017. She has been working with Accenture as a Content Analyst since then.

Why Is She One Of The Best?
She has completed over 200 Projects with Contentmart, which is one of the biggest freelancing platforms for Indian Writers.

Apart from that, she is also associated with some promising platforms like Kalaage which encourage budding young writers to express themselves.

Apart from that, she has also worked with websites like Writm, Campusghanta, etc.

She also got published in Times of India and Magazines like Bonobology which have helped her to realise her inner potential in a better way.

Writing liberates her in ways nothing else can and thus she is still learning with each passing day. If given an opportunity, she won’t disappoint you.

Portfolio Links:

Prices
My prices depend on the requirements of the clients and the niches I am expected to write on.

It could vary between 70ppw to Rs 3 which is negotiable.

I can simply assure you quality work if I take up any project and deliver it within the stipulated deadline.

How Can Clients Contact Her?
vagisha.arora@gmail.com
Hence, in a nutshell, all we can say is that writing is an innate talent which only a few people possess.

The art of being able to express oneself can only be nourished with time.

These Top 10 Freelance Writers of India realised their potential at an early age and are trying to achieve their goals to date.

Selecting names for Top 10 Freelance Writers of India was indeed a challenge as we want to guide our clients in the right direction.

We are sure you won’t be disappointed if you repose your trust on these budding writers. If you know someone who fits better in the list, comment, I will update the list.

How Much Does Mobile App Development Cost?

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How much does it cost to build a mobile app

Whether it is ordering food, booking a flight, chatting with your friends or reserving a cab, the one thing that comes to the mind is your smartphone.

It is the same for the rest of the world too.

Mobile apps have become a need of the hour to capture the huge market that is rapidly going mobile.

Developing mobile apps is the new money-making move for businesses.

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This brings us to a critical question: How much will it cost to develop a mobile application?

There is no single answer that suffices the question.

A lot of factors including the platform on which app is being made, complexity in-app, the experience of the developing team and several other factors too.

Confused? So first, let’s understand the variables that affect the app development cost.

The Business Model:

The journey of developing an app for your business starts from the very core which is the business and revenue generation plans. The revenue or business model is the biggest driving force behind the cost of developing the app.

Here are a few points to consider:

    The platform preferred by your target customers

    The product you are trying to sell

    The devices that need to be integrated to make the app responsive

    Free App or Paid

    In-app Purchases

    The role of visual design in the app’s interface

    The advertisements – third party or of your own product

These and numerous other factors play a very important role in the cost and time needed to develop the mobile application.

For instance, the monetization strategy plays a very important role. A paid app is easier to develop that applications that need to integrate in-app purchases.

An e-commerce app involves even more time and cost.

Where are your customers?

The most important part of your business model is to know your customer. It is easily possible to lose focus on what is it that customers need.

In short, what problem are you solving via the app? The answer to the question helps determine the target audience or as Gary Halbert puts it, your “starving crowd”.

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Even the biggest of startups have made mistakes on similar lines.

Snapdeal, for instance, failed to win the trust of its customers as it had compromised quality over quantity.

It also failed an in on the electronics markets, especially since Amazon and Flipkart gained a huge market traction by inking exclusive smartphone launches.

As a result, its market share dropped from one-fourth to 4% in a year.

You won’t make a penny out of an app if there is no real hunger. Found the market? Now let’s determine the monetization strategy.

Paid apps, free apps or e-commerce?

E-commerce is the marketplace revenue model based mostly selling their own products or earning commissions from sellers listed on the app.

Paid apps make upfront money through downloads.

The ability to generate revenue or even cover the cost of developing the app largely depends on the number of time the app is downloaded.

There are several paid app in the android market and app store listed from anywhere between a dollar to $25.

Therefore, setting the right price determines the hold you might have.

It is important to consider the willingness of your customer to pay for your app and do a competitive analysis.

Free apps are free to download from the app stores but have a different revenue generation model. Now, how does a free app make money?

Here are a few:

    Free apps are a great way to expand your existing customer base or build a user base that you can later sell to.

    These apps also initiate a trust-based relationship between you and your customer helping build up the value of an existing product.

    Direct revenue can be generated from advertising and affiliate marketing

    In-app purchases are also a direct revenue generation, especially for addictive games.

A definitive model depends on your goals and your customer preferences, in any case, a mobile app can be highly profitable.

Types of Applications:

A mobile app, in layman terms is a software program developed to program, specifically on mobile devices and tablets.

Essentially, it may perform the same tasks as your website but the process is made significantly more efficient and user-friendly.

“Ease of use” is, therefore, a significant prerequisite in an app.

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Now, are all apps the same?

Definitely not. There are three types of mobile applications – Web, Native and Hybrid. Let’s take a look at the development process of each of these types.

1.    Web Application:

Several surveys have found conclusive evidence that over 80% of smartphone users prefer apps over mobile websites. Web apps are your websites optimized for the mobile phone users.

2.    Native Application:

A native application is a type of mobile app developed for specific operating systems that is either Android or IOS and can be downloaded from apple store or google play store.

Native apps are more complexed but provide an unmatched user experience.

They have to be developed separately for Android and IOS Platforms and need to be approved to be listed.

3.    Hybrid Application:

A relative simpler app to develop, a hybrid app functions on a single programming language and can work on both platforms.

They generally perform like native apps, easier to develop and manage. However, the user experience on native apps is better.

Platform:

Now that we have set a base, it’s time to figure out what platform to use.

The app can be made accessible across several platforms like IOS, Android, Windows, and Web or all together. The answer to this depends on where the customer is.

Android and Apple IOS have significantly different interfaces and systems, therefore apps developed for these platforms are definitely different.

Android vs IOS is not an easy choice. It is advised to go for both if the pocket allows.

Knowing that two different apps have to be developed for the respective platforms and the cost will be accordingly.

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If a choice has to be made, here’s an IOS vs Android summary:

IOS Applications

Pros:

    IOS apps are quicker to build and generally cost lesser than android apps.

    Apple IOS has a more spending audience; therefore, a paid app is more likely to have downloaded on IOS.

    IOS users generally stick to IOS devices and up-gradation is also integrated.

    The App store has strict guidelines and ensures quality in apps. IOS apps of same business perform better than Android apps.

    IOS as a platform is more engaging and easier to use, with fewer software malfunctions.

Android Applications – Pros:

    The number of Android users greatly exceed the number of Apple users, especially in Asia. Thus, an Android platform-based app will garner more response.

    The cost per download on IOS is high compared to Android.

    The apps do not need to be regularly updated as is the case with IOS. This reduces the maintenance cost of an android app.

    Cost of developing and hosting an app on Android market is lower and easier since the guidelines are not as strict as in IOS.

IOS Applications – Cons:

    IOS applications cost more to host on the App Store, close to $200 compared to $25 on the Play store.

    Approval from the App store may become tedious since guidelines are strict.

    In Asia-Pac, Android users are numerically more.

Android Applications – Cons:

    Users on Android are more likely to be spendthrift and a paid app may not perform the same as on Apple Store.

    An android app needs to cater to wide variety of devices in different sizes, screen resolutions, and performance.

    Android apps take a longer time to develop.

Deciding between the two depends largely on your target customer and their behavior.

For instance, if your target customers are based in India or China, it makes sense to develop an android app because of the large customer base.

But, on the other hand, if you target the rich class in the same countries, an IOS app would be a better option.

The Functionalities of the App:

As mobile apps are becoming more and more advanced, there is virtually no limit to what an app can do.

The cost, therefore, can start at a few hundred dollars and go skyrocketing to more than thousands. Take into account the following types of App:

A List App – The app is a mobile-optimized version of the website and will generally list out in various categories, all the information. It is simple to develop and will not cost a lot.

A Dynamic App – Apps based on Facebook, for instance, will need to be connected to a server to gather the information from the app.

These apps work alongside other platforms and applications through APIs. The complexity of such an app and its APIs can result in great variations in terms of cost.

Games – There are the most complex apps to develop and arguably the most expensive. With complex games using Artificial Intelligence gaining heavy traction, the 3D environments and advanced physics can definitely cost a bombshell.

These three are categories that may define applications broadly, apps these days are so varied that it may not be possible to have definitive categories that incorporate them all.

Every unique functionality will carry an additional cost. While some seemingly complex functionalities may not cost a lot, integrating a simple thing may vary the cost.

Features in the App:

When you have decided what your app should do – that is the basic functionality, the features that needed to do that will come into play.

Let’s take a look at a sample app like Facebook. What features does Facebook have?

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1.    Login – The app after downloading asks for a login via email or by phone no. Most apps will have this feature. This can be the same as Facebook using email id or phone no. or a social login. Most apps use the Facebook login to make it easier for the user.

2.    Profile – Facebook asks for a detailed profile being a social app. Apps can integrate the data from Facebook to create the profile of their user.

3.    Push notifications – This keeps the user updated with what’s new on the app.

4.    Chatbots – It is a user-friendly and trending new way of generating leads and converting sales.

Chat-bots are interactive and more engaging from the perspective of a user.

5.    Social Integration Integrating social media platforms makes the app easier to use and of more value.

6.    Geo-positioning – For certain apps, geo tagging can be an essential feature. For example, apps like Uber work entirely on geo-location.

7.    Payment – For an e-commerce app, this is one of the most important requirements. Even for apps that integrate in-app purchase, having a payment system is needed to complete the purchases.

All of these and other app-specific features require time and in turn, more cost to develop.

Therefore, the cost of the app will depend largely on the features that are needed for the application to perform seamlessly.

Visual Design and UI/UX:

Whether it is a date, a new car or the virtual design of an app, the first impression counts. Make a good one!

The first look of the app can be a maker or a deal-breaker. The app market is competitive and it kind of makes sense that all companies are quickly wanting to enter the stores.

However, the design is an important element of innovative and disruptive apps, which is very often ignored.

The importance of good design exceeds what an app looks like, it’s about the experience.

The stats are not far behind on it and state that companies that foster good design enjoy 1.5x larger market share.

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Then, what sums up a good design?

These few points are important to consider:

    Innovative and in tandem with emerging technology

    Emphasis on the product and its usefulness

    Aesthetically brilliant

    Understandable and easy to use

    Purposeful

    Robust and long-lasting

    Simplicity – ever heard less is more!

    Consistent on all devices and platforms

Great designs come at a price. You will note serious differences in the designs of $200 designer and $2000 designer, and to make an app look fantastic shelling out a few dollar bills is an investment rather than a cost.

Graphic design is indeed important, User Experience is everything. How your app performs its functionality and how easily navigable it is will depend on the UX development.

A cluttered app which is difficult to understand will quickly be uninstalled.

Great app designers can make your app look so good that users wouldn’t want to put their phones down.

Check out our portfolio here.

Development

What platform you get your developed on, what’s the business model, what features you want and what are the functionalities are important determinants of your cost.

There is another determinant – who you hire!

While the option of hiring freelancers and newbies seems likewise now, it may cost you a more in the long run.

Freelancers are individual developers who may be skilled or may not be skilled depending on their experience and exposure.

While there are a lot of freelancers out there, the skill-set and consistency can be a huge question mark.

Freelancers may not have a complete skill set to develop the app and you may need to hire more than 1. And even then, you might end up with a mediocre app.

Freelancers are conservative option to get an app developed but then again there are risks of your project getting delayed or not getting delivered at all.

Small and new agencies serve as a middle ground between freelancers and an experienced team. They cost higher than freelancers but will generally be more consistent and skilled.

They are typically a team of 3-10 developers working on specific criterion app. Although small teams may not be able to develop even a slightly complex app.

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Big teams of experienced developers come at a cost which is higher than freelancers and small companies.

However, they bring their experience and guarantee with them. Usually, such teams are more equipped with addressing your needs and understanding business models.

It is also important to go through the work done by the team in the past.

Legalities & Licenses

While you may have thought that developing an app will be the last cost determining factor but there are some costs that may not be direct but are usually important.

Your intellectual property in the app is of value and should be protected.

Copyrights, Patents, and Trademarks will do that. If the information on your app is your IP it’s important to patent it prevents people from profiting from it.

Trademarks protect the names. If you’ve got a name that sticks out, it’s worth trademarking. Copyrights protect your visual and written content from being plagiarized.

Several apps are developed on templates that have to be licensed for the use. And to deploy apps on Android store or the App store of Apple, the license has to be bought.

The licensing service is a secure means of controlling access to your applications and to protect it too.

Support and Maintenance:


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Technical support for managing updates, APIs, user profiles and data and even monitoring customers is a crucial part of an app’s functionality.

With appropriate support, the app will not be able to do what it was developed for.

New features will cost you. About 20% of your total cost will be spent on enhancing existing features and refining of the app.

This is an on-going process and with every change in technology, new updates are required to make your app frictionless.

The Total Investment:

The time and cost of app development will largely depend on the complexity of the app.

It is difficult to put a number on how much your app might cost because of the numerous and subjective determinants. Though here are some average costs, to help you get an idea.

A basic app, without back-end database, API functionality or social media integration will cost between $2000 to $10000. In the US, it may cost around $8k however, in India the development cost of the same app may be half.

The time may range from 1 to 3 months and can be done by new developers as they are easy to develop.

A moderately complex will cost anywhere between $10k to $40k. The cost may vary according to the platform and the country where the app is being developed.

The same app may be developed in India for half the price as compared to the US with no compromise on the skills. The development of such an app takes anywhere between three to six months.

A complex app will need experienced developers to work on it due to APIs, social media integration, backend support and complicated functionalities.

Such apps will be more expensive to develop generally around $40k to $80k. An Android version of the same app may cost over a $100k in the US. In India, it is likely to cost $35k.

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The average time is taken to develop an app, according to a research by Hyperlink Infosystem, is 8 weeks i.e., 320 billable hours.

A simple app will cost $4800 in India compared to $48,000 in the US.

A complex one might cost $38,000 in India and $250,000 in US. A lot of app development project is hence outsourced to India.

The core developing behind an app consists of the following:

Team Member

Duties

Hourly Cost

Project Manager

Communicates with the team and the client to avoid gaps and keeps a check on deadlines

$20+

Developer

Develops the app by writing the codes and fixes bugs

$25+

Back End Developer

Ensures effective and uninterrupted communication between servers and database for proper functioning of the app

$20+

Designer

Responsible for the way the app looks and user-friendliness of the app.

$15+

Tester

Ensures the app performs as per requirements.

$15+

As it may be clear, an average cost may not suffice the question. Your app will have obviously different functionalities and features, with some consistent pricing methods.

Check out some of our happy customers here.

Get a Quote.

How to Build a Food Ordering App?

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food ordering app

Eating is something that everyone loves to do, and what’s better than sitting in the comfort of your home, reading your favorite book, watching some show or film or just idling with your family & friends and ordering food from your favorite restaurant at your fingertips.

Food delivery apps are a new rage, from restaurant owners making their own food ordering app for you to deliver food while sitting on your couch to services like foodpanda, swiggy, zomato which act as a collaboration platform between the restaurants and clients.

Who doesn’t had a dream of opening a food place, some restaurant which will only serve the food of their choice or a place which will serve food which is different than others and has a knack? Something with a difference.

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More than that, there are more and more startups every day getting in the food industry and every startup today needs a mobile app even more than it needs a website.

Building a mobile app is easy with the advent of so many tools and technologies, but depending on the kind of app that you’re building, you may need to follow certain guidelines and adhere to some criteria.

Not just for the purpose of developing an app for your own sake, mobile app industry is a huge revenue giving area at present and food startups are all increasing daily with every one of them needing at least an app for one single platform with most of them targeting multiple platforms such as Android, iOS, Windows and more.

Comparison between Popular Food Ordering Apps

 

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Research and analyzing is a crucial part of any development process, you can add your own insights to make your product better but need to add features and other little things from already existing competitors as well.

Some of the most popular food delivery apps from which you can take a clue are GrubHub, eat24, seamless.

GrubHub

This app is one of the most used food ordering services, it gives the feature of searching for your desired cuisine or browse through the list of local restaurants which are nearby.

You can create your own favorite list to personalize it and not having to search and find every time. It has an additional feature of user reviews as well.

Eat24

Eat24 works on a slightly different approach than most of the others, here you gotta add your address and then it will after a quick search, show up all the food types and different restaurants available near it.

Afterward, you can either browse through based on cuisine type or you can simply order via ‘What’s Good’ section.

You can either order at the moment or save it for later.
It also helps you track your food from restaurant to your doorstep so that you know when will your food be delivered.

Seamless

Unlike others, this app has the feature to search for food by the price within your desire to order. You can also leave certain special requests such as based on your preferences.

Things to Take Care of While Building a Food Delivery App

 

Things to Take Care of While Building a Food Delivery App - EngineerBabu

There are many things to do before you start building an app, instructions, and procedures while you build an app, evaluation, and feedback after you have successfully build a prototype and/or launched a beta product.

Before you proceed further and we indulge with you the steps of creating and launching a food delivery app, you may want to take a read of detailed review of famous food delivery apps in continuation of the brief we covered above.

I have created a guide below in the format of step by step detailed instructions for you including the various aspects and coverage of different integral parts of the process of app development.

If you think of starting from scratch, then the development of an app can be hard and tricky let alone that of a delivery app based on consumers feedback and appreciation.

The main thing is that you don’t have to do that, the fundamentals and basics of all food delivery apps are same.
A few basic things that you need to take into consideration while building a food delivery app are things such as simple and clean design, minimalistic UI/UX with no unnecessary features, visual enhancement, and local restaurants data integration.

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Before you start development of a product, it is always good to remember your target goals from it, characteristics you want in it and the advantages you are going to focus upon.

➤   Start locally, test your concept, launch a marketing campaign then scale onto a large scale.

➤   Hire some experienced and skilled app developers who have previously working in this field. Read this guide for outsourcing app developers.

➤   Promotion is necessary before you launch your beta product and from the very start of the initial phase. Engage your potential customers via social media, emails etc

➤   Focus on getting feedback from customers and making improvisations based upon that.

➤   Hire a team that’s worthy and make it stay, competitive salary, flexible working hours, work from home option, incentives, rewards etc are just a few common perks.

There are many different types of food delivery apps, you have to first decide which kind of app you are looking forward to creating.

●   Apps which home deliver locally cooked food (pizza hut and other locally franchised restaurants which cook and sell their own stuff).

●   Platform Interface Food delivery apps such as foodpanda, GrubHub etc which act as a bridge between restaurants and customers.

●   Apps which work as a sort of grocery delivery service such as postmates etc.

●   Apps which deliver cooked food as well as encourage home cooking such as plated, chef’d etc.

Before we proceed further, you might want to take a look at 101 pointers to keep in mind while development of a product.

Market Research & Target Audience

The very first step for any potential product development is defining the range of people whom you’re targeting and researching the market for it.

Apps are used mostly by people with a busy lifestyle such as working class professionals, entrepreneurs, students who spent most of their time on it amongst others. They should be the primary target of your app.


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Before you set out to make your product it is always advised to check out your competitors before starting not just for their features and what makes them popular but also to ensure that you aren’t copying anybody’s idea.

Spent your time in research beforehand so that you won’t have to make any modifications at a later stage.

Research your competitors well, see their features, the services they provide and what makes them different from others.

Technical Aspects

Choosing the right technology before you start development is very crucial, depending on your budget, platform and features needed it can vary from PHP to ruby.

Other features such as iOS or Android, native apps or hybrid ones, creating an app from scratch or using third-party tools such as APIs, app clones, and SDKs.

Whatever choices you make they will directly affect your cost and effort needed for app development.


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Another thing that comes in technical aspects but is slightly more related to design is the UI and UX of the app.

The aim is to make it flawless, smooth and as fast as possible inclusive of payment systems, menu processing, and order selection.

The more personalization a customer can give to his account in your app, more likely he is to stay for long term.
After All, food is nothing but personal to anyone.

Functions & Features

What sets anything apart from the rest is where it separates itself in terms of its functions and features.

Those people who order from delivery apps are looking to be in their comfort zone, thus your app must be simple to navigate and easy to customize as per the user needs.

A sleek design and an introductory tour which can help users find their way the first time around.

Some of the main features that you should remember to include other than the ones you have already in your mind are listed below:

●   The very first thing is to contain detailed information of the restaurants along with their complete menu with prices indicated, and pictures if possible are preferred in the menu as they increase the aesthetic taste.

●   An option for quick ordering such as past orders of that user or the popular items from that particular restaurant should also be there.

●   A geolocation feature is a must as it helps the user to pick from the nearby restaurants that deliver to his location. It also helps in calculation of delivery charges for the restaurants who don’t provide free delivery or don’t have a fixed delivery fee.

●   An inbuilt tracker to keep track of the order status along with the Google Maps integration for route purposes works great. Having a navigation system saves both delivery guy and the user from a lot of trouble.

●   For people who don’t keep cash in hand or prefer online payment, a payment gateway integration with wide support is required. You can choose from several existing gateways such as stripe, Paypal etc.

●   Along with order tracking, SMS notifications for things such as order confirmed, order dispatched etc also is recommended as it saves the user from tracking the order all the time and keeps him relaxed.

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●   A custom search option for finding restaurants by cuisine, location, availability etc should also be there. Going through the vast list of options available is not what a user wants always.

●   Scheduled delivery is another trend that’s keeping up, unlike monthly dibbas and tiffin services, people prefer to eat various different items daily and this option helps them in ordering ahead of their busy schedule what they want to eat.

●   Programs who reward loyal customers, as well as time to time, offer also helps in engaging users and keeping them for a long term.

●   Social media logins and integration such as directly being able to post on your social accounts what you are eating can go a long way with this generation.

●   Other than SMS based notifications, you can also go for push notifications, they work as a great retention tool for keeping customers.

●   A user account separate for each user is not just mandatory, it also helps the user in giving the app exactly the customization it needs and personalizing it according to his needs.

●   Other than that, having the ability for users to leave ratings, give reviews, bookmark their favorite places, and most importantly user’s transaction history is a must to have.

Pricing & Budget

Whether you are an entrepreneur or a businessman, it doesn’t matter when it comes to keeping the cost down and in the budget.

Undoubtedly, pricing is the major thing to decide before proceeding with things.

While deciding pricing and your budget for development, few things to keep in mind are:

●   The extent of features that you want in the app and the functions you want to provide to users.

●   Whether you are going with iOS or android, android usually costs less.

●   You are going to backend development or third-party integration. Server backend may cost more initially but is preferred for long-term, while third-party works if you have a short budget for now but in long-term in adds up to huge recurring costs.

●   Whether or not you are going with social media integration in your app and if you are planning on keeping an admin panel in the app.

●   If your approach is to develop a cross-platform app, then your cost will be lower as compared to that of developing a native app.

●   The team that you’re hiring takes a huge chunk out of your budget so don’t be overboard when hiring overqualified people.

●   More visually enhancing you want your app to be and more complex its design is going to be, higher will be the cost.

●   Maintenance required after the release and the upgrades you are planning on releasing.

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Based on above-varying factors, you can see that there is no specific range to the development and maintenance costs of the app, however, we can generalize and categorize the apps roughly and based on those price brackets, further notch down the price range of the app we need.

1.   Basic apps such as those with plain UX/UI, item lists, a simple search and basic minimal required functionality can cost up to 50,000$ for development only. Post-development maintenance costs for such apps is minimal.

2.   Apps with more advance feature lists and functions integration, custom UX/UI, tables support added, payment gateway integration, social media integration, navigator, push notifications etc can range anything in between 50,000$ to 100,000$.

3.   High-end apps that include the complexity of advanced level, audio/video processing, real-time tracker enabled, custom graphics, third-party APIs integrations, server backed with multiple databases, offline local cache etc can cost anything upwards of 100,000$.

Now depending on your budget and functionality, you require, you will have to hire team members integral to the development process.
Depending on your needs, you can go with either team structure.

Basic team
It consists of core members only needed to complete the job.

  • UI/UX designer
  • 2-4 Developers in total
  • Quality Assurance Engineer
  • Backend Developer
  • Project Manager
  • Advanced Team

Team Manager/Project Manager

  • UI/UX designer
  • 3-4 developers for each platform
  • Quality Assurance Engineer
  • 2-3 backend developers
  • Admin panel developer

Apart from that cost may also vary from location to location around the globe, so you may want to think about outsourcing and hiring from third world countries.

At an average, costs can be approximated at 50,000$ for app development and 50$ per hour with the time for development ranging around 3 months.

Launching Prototype & Getting Feedback

Any product is launched first as a beta product in its initial stages then as the final product, this step is crucial as it helps the developers get informed of errors which they might not have noticed and get feedback about potential improvements.

You don’t need to put all your design aspects and other things into it, just the basic minimalistic features required to run the app.

This helps in identifying weak and strong spots and gives time and scope for the improvements before launch.

After you got your first feedback from beta testers, what you have to do is perform more tests such as A/B tests to identify more problems and fix them and finish the development process.

Not just that, if you are planning on launching your app on some marketplaces such as iOS app store or google play store, then you will have to fulfill their requirements as well to be able to show your presence there.

Google Play Store Launch Checklist

iOS App Store Guidelines

Also, add these analytics tools to track and monitor consumer behavior for further improvement prospects.

Now that you have gone through all the above stuff, and theoretically prepared your app and are ready to launch it on whatever app store you have chosen, but your job is not done yet, not by a long shot.

Continuous improvisation and constructive criticism, these are two things that you gotta love if you want to stay for a long time in this hyper-competitive market.

Now, after you’ve gone through all the above, you must be looking forward to hiring some professional or getting some professional advice and building a team and then proceed to the planning & development stage.

Well, it never hurts to let someone experienced and skilled share their opinion and provide a solution to your problem and clear your doubts.

You can go through the numerous case studies done by our experts on the various range of topics.

If you feel intrigued or need to know further about us then you can take a look at our long and happy list of clients and what they say about us.

If still not satisfied, then have a detailed look at some of the food ordering apps(Eat AppBreezymealFood templeMann ka dabbaFood triangle) that we have built for our other clients and use them and test them to your satisfaction, until you feel we are the utmost choice when it comes to food ordering app development.

We would suggest to drop us an inquiry and talk and discuss your needs with our experts and get to know them. Doing this will not only clear your needs from your point of view but also help you to understand the development process of food delivery apps.

Hopefully, we have covered all that you needed to know about building a food ordering app, in case you have any doubts/queries/suggestions.

Let us know in comments or via our contact us form and we will get back to you in a jiffy.

How to Build an App like Zomato? (Zomato Clone)

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app like zomato

Everything you should know for Developing a Mobile App like Zomato

Who are we? Foodies!
What do we want? Food!
How much do we love food? A lot!

A Food ordering app is today’s Tinder! The only difference is that there’s no swipe but a scroll, tap, and checkout!

That’s why only Tinder, Instagram during weekends has more cheesy platers than cheesy smiles. That much of a Foodie we are!

Talking about food, even the businesses cannot help but leverage the due advantage of this never-ending demand for food. Yes, we are talking about on-demand food ordering solution.

In recent times, EngineerBabu being a way-to-go for many of our clients across the world has witnessed a visible growth in the demand for developing food ordering mobile apps and that too similar to Zomato. However, not everybody can communicate his or her requirements because Zomato is a big stadium and all that we have seen so far is just from the bleachers.

So, for all my aspiring business buddies, Let me present you a complete guide for building such food ordering apps.

What should be the business model for building an app like Zomato?

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The key stakeholders for an app like Zomato are:

  • The Restaurant Owners
  • The Platform Owner
  • The Delivery Professionals

The platform owners charge a certain amount of fee from the restaurateurs to get their restaurants listed on the mobile app. When the user places an order, a notification is sent to the restaurateur, the nearest delivery person, and the platform owner. By collaborating at every stage with a powerful algorithm, all the three stakeholders maintain the smooth functioning of the platform for the users.

Zomato does not own any restaurant or chain of delivery services. It coordinates with the third party to plan a supply for the demand that arises.

In order words, it is an on-demand business model for food. So, if you want to build an app like Zomato, you don’t need to have a chain of restaurants as you can create your own brand on such platform. That’s the business ease of building an app like Zomato.

What makes Zomato different from other Food Ordering Mobile Applications?

Most of the food ordering mobile app businesses that exist today are but the basic version of Zomato with a couple of nascent features.

While others are confined till date with just the placing of an order and delivering food, Zomato stands out with the following USP:

  • Food ordering: Allowing the users to order their food on-the-go.
  • Table Booking: Enabling the users to book a table at the restaurant of their choice with just a few taps and the wait time at the restaurant is eliminated!
  • Explore Places: Offering the discovery and guide to the user for exploring nearby restaurants with pictures and map locations.
  • Zomato Gold: The subscription model that offers an exclusive dine out and social drinking membership with special perks of its own.

What are the Important features to focus on for building a Mobile App like Zomato?

Zomato was once launched with the most simple functionality. It allowed the users to search for restaurants, look at the menu, and order their food. Later, it developed into a dedicated community for foodies that kept the users coming back to the app. This highly contributed to the engagement rate and ultimately, Zomato became the by-default food ordering app. Then it accelerated to expand with advanced features like booking tables.

All the stakeholders have their own application and the features of all these apps differ. If you want to plan the features for your Zomato-like mobile app, here is a list of features for the five categories of the app:

Features for Web Service

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The web service is under the accountability of the platform owner. This means that if you develop a Zomato-like mobile app, you are in charge of handling the web service portal.

Admin Dashboard:

To manage the overall functionality and different stakeholders, the admin dashboard has the capability to view the list of the restaurants, the number of users, and the delivery professionals. The admin can add and remove any stakeholder at any point of time using this control panel.

Analytics and Reporting:

Data insights and metrics based on the bookings made is shown by generating reports from the app  and analysis can be done about the usage times, total number of users on board, demographic data, total number of restaurant listed, number of delivery professionals, profit and loss calculation per week, month, and year, etc.

For Delivery Professionals

This app is specifically used by the delivery men. They get a delivery request and as soon as they accept the request from the app, they are provided with the information of the order, restaurant details and the address of the customer.

Trip Information:

The delivery man receives the restaurant’s pickup address and the drop details of the user.

Navigation:

The app for the delivery men consists of GPS which is integrated into the app for easy navigation. It consists of the route and the total time estimated for the delivery.

Route Optimization:

The map integrated with the app helps the delivery professionals with the best possible route where they can beat the traffic and make their deliveries as fast as possible.

Contact User/Restaurant:

The app consists of a contact user/ restaurant feature that helps the driver call the concerned stakeholder without having to copy the number and dial it manually.

Start/End Trip:

Once the delivery professional accepts the request and begins his trip towards the restaurant, his trip starts. Similarly, another trip begins on his way to make the delivery. This is the basis of the amount he earns per trip.

For User App

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As the main source of revenue, it is important that the user app is rich in features. Some of the great features for a Zomato-like user app are:

Social media account integration:

For an easy signup process, the users should be able to sign up with their social media accounts.

Search Option:

With the help of the search module, the user is able to search for food on the basis of restaurants, cuisines, outlets, dishes, etc.

Call Restaurant/ Driver:

By using the call feature, the user will be able to make a call directly to the restaurant/Driver in case of any specific instructions to give against their order.

Multiple Payment Options:

The users should be able to make their payments using multiple options like Debit Card, Credit Card, Cash on delivery, Mobile wallets, etc.

Notifications:

The user gets a push notification about their order, trending search, favourite restaurant, etc.

Track Driver:

With the help of ‘track driver’ feature, the user is able to access the map integrated into the app and track the status of their food.

Show Veg Option:

The user app has the option which will filter out the veg and non-veg dishes for the users.

Real-time Availability:

The online reservation system of the app allows the user to check the availability of the tables in real-time and make the booking.

Social Community:

The app allows its users to integrate their social media handles for creating their profiles. The users can connect with each other, follow and make recommendations on cuisines, dishes, puns, restaurants, etc.

Pertaining to the ease provided by these features, many startups are pacing towards building an ace of a Zomato-like mobile app.

How to Build an app like Zomato and beat the cutthroat competition?

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Simply search for the term, “build a Zomato-like app” and you will find hundreds of blogs providing you the information.

What does this imply?

There is a lot of competition out there with your Zomato similar mobile app development. It is important for you to make a move of innovation to step higher than your competitors.

But how to do that?

It’s simple, please your customers with the quality of your service and remarkable features for them to have a lasting impression of your brand. This will keep them engaged to your platform and ultimately, you will swiftly be able to scale up your Zomato-like business.

For this, you need to carry out a thorough research on what your unique selling point is going to be. Keep a track of the launches and services that your competitors are planning to or have probably done and try to provide a better service.

If there’s some process that you can ease out for your customers, make it a priority and do it.

Make your users feel that their problems are acknowledged by you and addressed well in the form of features. Give them a, “Why should I install your app?” reason that your competitors lack. This way your Zomato-like mobile app will be able to drive a large amount of traffic, engagement, and ultimately conversion.

What should be Considered While Building a Mobile App like Zomato?

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From the point that you have this idea of turning a mere concept into a full-fledged Zomato-like mobile application to launching the first prototype of the app for testing, there are many vital steps to be followed to make your mobile app a big success.

The ground to building any food ordering mobile application is mostly flat. This means you do not have to brainstorm a lot on where to start developing your application. The only front of the mental focus for you as a business person should be to choose a brand name and identity that is relatable to the user. This way there are more instances of brand recognition and the marketing budget will reduce significantly.

Here are some other important things to focus on:

  • Customer convenience with easy navigation for different pages.
  • Clean UI/UX designs with a call out as and when required.
  • A helpline for 24*7*365 for all the stakeholders.
  • Updated data about the restaurant for providing the right information to the customers.
  • The visual appeal of the mobile app as well as the assets used for displaying menu, dishes, ambience, etc.

Simplified Process for Developing a mobile app like Zomato

Here is the right approach to follow in your venture to develop a skyrocketing Zomato similar app:

Know what is your primary aim with the launch of your app before beginning with the development process. This will help you decide on the USP of your business and will set your business apart right from the start.

Understand your target audience well. In case of an app like Zomato, you will need to be thrice as careful with three different types of stakeholders to take care of – the restaurateur, the delivery personas, and the end users. Carry out a detailed market analysis and make a note of who your buyer persona is. Check for his demands from the platform and plan the supply that is inline with the demand for creating a long-term business relationship.

Research carefully on the existing applications that are similar to Zomato. List out their drawbacks and come up with some creative solution. If needed, tweak the business model a bit and see how effective it becomes.

Choosing the technology for your mobile app? Is it that tough for you? Always remember, you do not have to be technically sound to sound technical. All you need to know is the basics of what your app needs and leave the rest to the experts and skilled developers. Have a clear understanding of your business model and your revenue model. If you are planning to introduce the revenue model after the base has been set, then inform the developers accordingly.

Know what devices are preferred and are most popular amongst your targeted audience and go for developing an app with that platform. You can eventually introduce another platform for your business.

Never let your focus go away from your brand recognition. With so many food ordering apps, it is common for your customers to switch to other app providing the same functionality. This is when a visually appealing UI and UX design play an important role in retaining the customers. Attract your customers on a psychological level and make your portal as relatable as possible for your customers.

Always plan the features well in advance by keeping your budget in mind. It is advisable to go easy with expansion. Not all applications have all the features and so you need not worry about the growth of your business when it is still in the incubator. Market enough to generate traffic. Get your customers engaged and try to convert them into loyal customers. Then plan for an expansion.

Leverage the power of referrals, promotions, discounts, while launching your application and prepare grounds for on-boarding as many customers as possible. Give them the deal they cannot refuse to and provoke them to try out your app for at least once. Then let your features and quality service speak for your brand at the top of their voice!

It so happens with the aspiration that once the information from the article starts to convert into the research, most of the aspiration dies foreseeing the challenges and hardships of getting an app build in the right manner. However, when you consider onboarding expert developers, you might feel your burden lessening and your ‘idea’ taking its real form. Need help with ideation or the app development? We are just a click away!

What is the Cost of Building a Mobile App like Zomato?

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Without being diplomatic and making statements like, “Well, it depends”on the cost of developing an app like Zomato, let me walk you through the estimation on the basis of the features included:

Now, for building an app like Zomato, you have to consider all the three apps with both the platform – iOS and Android.

This again can be segregated on the basis of MVPs and advanced features. However, there is something that you should take into consideration while planning the features for your app. The admin panel cannot have basic features. You need to have a complete control over all the ongoing activities and transactions. So, it is recommended to not be a miser with the web service app.

Moving towards the driver and the user app, it is recommended to go basic first and make progressive moves with your features. This way you will be able to experiment with your customers and make implementations with your new features while keeping the engagement intact and increasing if you are lucky enough!

Hiring or outsourcing have their very own influence on the cost of building an app. You could end up hiring a cheaper resource team that eventually takes a while to develop your app or you might meet a team that promises to develop even before the timeline you have determined and ultimately none of them proves to be worthy of your time, energy, investment, or even to be a part of your business dream.

So, you need to be very careful while outsourcing the resources.

Coming back to the cost for building a mobile app similar to Zomato – If we consider the most basic version of the app with only the MVP features and simple UI/UX design, the projected price can go to $7,000 to $10,000 for development of all the three apps.

If we consider a fine tuning of both basic and advanced set of features, the estimated price can be somewhere in between $35,000 to $50,000

If we consider the full-fledged Zomato like app, the price rises up to $75,000 and above. 

How to hire developers for developing an app similar to Zomato?

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  • Make a list of your requirements on the basis of the research you carried out.
  • Search for the developers using the credible sources and websites.
  • Read resources and case studies on the websites.
  • Find out what their existing customers are saying about their work and make your decision.
  • When in doubt, talk to them and get your query resolved.

You can outsource and hire skilled developers by choosing different types of pricing models. Most of the web and app development companies have their own pricing models. So, choose whatever fits the best in your requirements and hire the number of professionals accordingly.

For developing a basic version of your Zomato like mobile app, you will require –

  • A UI and UX designer
  • 2-4 Developers
  • Testing engineer
  • Backend Developer
  • Project Manager
 

For developing an app with mixed features, you will need –

  • Project Manager
  • UI/UX designer
  • 2-4 developers
  • Testing Engineer
  • 2–3 backend developers
  • Admin panel developer
 

For developing an advanced version of the app, you will need –

  • Team Manager/Project Manager
  • 2 UI/UX designer
  • 3-5 developers
  • Testing Engineer
  • 3-4 backend developers
  • Admin panel developer
 

Having built the roadmap to your Zomato-like digital business, are you ready to put your plan into execution and launch your mobile app for generating recurring revenue?

Yes?

We would love to put in our expertise for building you a Zomato-like app just like we helped you find the path to discover your business idea.

Having faced many challenges with the limitations of technology and the innovative demands of our customers, app development to our developing team has been a practice to perfect episode.

Don’t believe me yet but take a look at our case studies instead!

Just like you, we have had clients with dilemmas to hire a team of developers and they chose us. Here’s what they have to say about us.

How about witnessing our work and then making a decision? Here are our live applications for you to test and make a right decision.

If you have a short of time and want to get started immediately, please drop an inquiry about your requirements and we will get into the details without any further ado.

How helpful did you find us on a scale of 10 with the information? Your feedback matters to me the most.

Did I miss out anything or probably you want some more information? Please feel free to express your views in the comment section below.

With a promise to empower the digital businesses of today for achieving the business success tomorrow, your claps are what which keeps me going on.

Like the information? Let me know by sharing as much as you want and I will keep coming back with source full of information.