It is a widely known fact that every industrial sector belonging to the business arena is undergoing massive digital transformation which is making them even more competent. Among all the relative digital technologies, mobile technology has really been a game changer for the finance industry as it has provided it a plethora of options.
The companies leveraging the usage of mobile technology will have an advantage of reaching more number of people as there is a steep rise in online payment technique. Finance industry is on a major transition period and is constantly upgrading itself in order to achieve efficiency to the core. The rapid growth in the field of IT has made the finance industry grow with bigger options that would provide amazing solutions.
With the increased use of smartphones and tablets, purchasing tendency of the consumers is also changing. Many merchants and retailers are trying their level best to accommodate these shoppers by changing their marketing and business strategy, but are falling behind due to some reasons.
Retailers are still not equipped well enough to upgrade themselves according to the boom of online shopping especially Mcommerce. Moreover, researchers have also found that retailers often miss their mark when it comes to offering mouth watering deals to the smartphone generation.
Let us look at some of the reason that will explain why this is happening.
The development in mobile technology has played a major part in revolutionizing our lives. Smartphones have made a steep and steady increase in every field which was unthinkable just over a decade ago. Stats show an astoundingly clear picture that, worldwide there are about 2.5 million apps with 1 billion users and with this smartphones have fittingly become an integral part of our day to day life.
As far as the financial industry is considered, it stands at the cross roads of the next era of digitalization as major technological advancements are waiting to get recognized. Financial industry has donned a whole new face today and the financial customer are leaning more and more towards mobile technology as it is the Reigning King nowadays.
Such is the impact of mobile technology that the digitized financial services have grown up to $168.4 billion during 2012-2016. In addition to this, the share spend on mobilized financial services is expected to reach 26.9% by 2017.
“Big things come in small packages” this quote resembles to realizing one’s potential thoroughly to the amazing benefits that is provided by technology. Combining technology into your work ethics would bring unprecedented changes in your productivity. No matter if you are a small business, a mid-size company or a large-scale well-established enterprise, increasing productivity is indeed one of the major goals your business has. Higher productivity leads to better revenues and more business opportunities.
Technology has always been a vital arsenal for businesses of all sizes to improve productivity. Reportedly, SMEs’ technology investment has dramatically increased by 50% in 2015 compared to the year 2014. In last few years, mobile technology has emerged as the most personal staple of consumers and thus it happens to be the most powerful technology solutions for businesses of all industry verticals.
An investment in mobile technology executed and leveraged right can revolutionize the way your business is carried on. A custom mobile solution, which is built to meet specific and unique needs of your business, can change the way your business processes are executed, the way your staff work and the way your customers experience you as a brand.
Currently, messaging apps are the most used apps by mobile users. And, we are also witnessing a beginning of evolution in the mobile messaging landscape where apps will leverage technology advances to serve users with one-place-for-all service. Businesses are shifting their focus on messaging and chat apps to better engage with their users.
Lunchbot, a company chat room app developed by Brown, a developer and technologist in Texas, USA, is a great example that shows how AI driven app can change our lives for better. Brown developed this app to save his peers indecision of selecting the right restaurant for lunch every day. The app was overtaken by a bot company and now known as ‘Howdy’, which automates some common tasks of the workplaces.
Password security is a major concern now in the space of technology. That 2-step password authentication process doesn’t seem to succeed in keeping your personal accounts hack-proof always. Over the years, there have been thousands of cases of hacked emails and passwords worldwide.
Yes, it’s official! Google has already started testing for password-free way of signing in Google accounts. The news has been grabbing headlines in the tech world. Reportedly, the company has already invited to some existing users to support testing this new way of logging in Google accounts, reveals Rohit Paul, a Reddit user.
When combined with faster and more affordable internet services, the explosive growth in the popularity and adaptability of mobile devices amongst worldwide consumers has changed almost all facets of life. And, tourism industry is one of the most impacted spaces by the massive development and innovation in the mobile technology.
Take a look around and you will find mobile devices, including Smartphones, tablets and smart wearables have become a common carry-on for travellers these days. Use of paper maps and spending long hours at the airport queue are a past story now. From bookings for flight and accommodation to searching for local attractions, the Smartphones and apps can do it all and a lot more!
Imagine, if you suddenly hear the news of an epidemic outbreak. This can be similar to the deadly Ebola epidemic which had sent shivers down the spines of many. However, such a frightening scenario can be averted if people get the news of a possible outbreak, rather than hear about it when it actually hits.
Prismetric Technologies is one of the premier mobile app development companies for Android and iOS.