What Is NFT

Complete Guide on What Is NFT and How Does it Work

Isn’t it cool to buy an online piece of art and then get a digital token that proves you own the work of art? Isn’t it great? Thanks to NFTs, there is now a chance to do that. So, what is NFT?

NFTs(Non Fungible Tokens) are now sweeping over the worlds of digital art and collectibles in a big way. Much like Bitcoin, NFTs are being marketed as the digital currency of the future for collectibles, much like everyone thought Bitcoin was the future of currency. So, digital artists’ lives have changed because of the huge sales to a new group of people interested in crypto. NFTs are attractive to people who want to learn more about them. This is the place for you. “What is NFT?”

What is a Non-Fungible Token (NFT)?

There are cryptographic tokens on the blockchain called NFTs, which stands for non-fungible tokens. They have unique ID codes and other information that makes them different from each other, and NFTs also provide a public proof of ownership. They cannot be traded or exchanged for equivalency, in contrast to other types of cryptocurrencies. This is different from fungible tokens like cryptocurrencies, which are all the same and can be used for commercial transactions because they can be bought and sold at the same time.

What is NTF: The History?

Kevin McCoy and Anil Dash started making his non-fungible token “Quantum” on May 3, 2014. It was a pixelated image of an octagon filled with indicating circles, arcs, and other shapes that all had the same center and were hypnotically pulsing in fluorescent colors at the time. For $7 million, the “Quantum” art piece that was only made in 2014 was sold to someone else. In MacCoy’s opinion, NFT is an integral part of the art world because it combines art with creative technology to get people excited about art.

Non-Fungible Token - Quantum
The First Non-Fungible Token – Quantum

Need to know more about NFT?

  • NFTs are non-replicable cryptographic tokens that exist on a blockchain.
  • In the real world, NFTs can be used to show things like art.
  • Tokenization makes it easier to transfer the ownership and trade of these real-world tangible assets. Fraud is also less likely as a result of this. 
  • NFTs may represent a variety of other concepts as well, such as a person’s identity, property rights, and so on.

How are NFTs used?

A blockchain is a distributed public ledger that keeps track of changes (transactions) of the assets. NFTs are on the blockchain. You probably know the term “blockchain” as the process that makes cryptocurrencies possible. For the most part, NFTs are built on the Ethereum Blockchain, but they may also be built on other blockchains, such as Bitcoin.

NFTs are created to represent various assets, including::

  • Graphic art
  • GIFs
  • Designer sneakers
  • Music
  • Videos and sports highlights
  • Collectibles
  • Virtual avatars and video game skins

In fact, even tweets are sold using NTFs. Jack Dorsey, Twitter’s co-founder, sold his first tweet for more than $2.9 million as an NFT.

Now that we have addressed the fundamentals of “what is NFT,” we can go further into the deeper aspects of the best NFTs available. To buy NFTs for yourself, you need to know how this type of blockchain works.

Fungible vs. Non-Fungible

Every day, we use fungible dollars and cents to make transactions.

For example, you could say that:

  • You’ve got a $20 bill, but it doesn’t work with the vending machine because it only takes $1 bills.
  • Then, you ask someone to change your $20 bill into small amounts.
  • You get a $10 bill, a five-dollar bill, and five one-dollar bills from the cashier.
  • However, even though your $20 bill has changed hands, it still has the same value as it did before.
  • This is because you still have a total of $20 to work with.
  • In the context of the preceding example, cold-cash cash is a fungible asset type. All of the cryptocurrencies that are out there today are also like that.

NFTs, on the other hand, are non-fungible asset classes, as we have demonstrated before. Because each token is unique, you can’t exchange one NFT for another and expect to get the same value out of it.

People like to do this. For example,

  • In this example, let’s imagine an artist coming up with a new piece of art.
  • The artist then chooses to develop an NFT to symbolize the worth of the given artwork.
  • This implies that the NFT is unique to each artwork and cannot be duplicated or imitated.
  • Once again, this is because each NFT is authenticated by using a unique transaction hash to determine its authenticity.
What Is NFT - Fungible VS Non-Fingible
Fungible VS Non-Fungible Assets

There is no limit to what NFTs can represent, and we’ll go into that in more depth later. A virtual painting, house, car, or sports moment can all be yours with NFTs. You can store ownership of these things digitally.

NFTs are used for what?

Our “what is NFT” guide is about to get a lot more interesting. Using blockchain and NFTs, artists, real estate agents, content creators, etc., have a unique way to make money from their work. Many artists don’t need galleries or auction houses to sell their art anymore because they can do it independently. Instead, the artist may sell it straight to the customer as a non-traditional item, allowing them to retain a larger portion of the revenues. It also helps if artists plan for royalty payments. When their art is sold to a new owner, they’ll be paid out part of the money. This is a good thing for artists because they usually don’t get any money back after selling their art.

People can make money with NFTs other than through art. Charmin and Taco Bell have auctioned off NFT paintings based on their brands’ identities to raise funds for charity. Taco Bell’s NFT art sold out in minutes for the highest price of 1.5 wrapped ether (WETH), or $3,723.83, while Charmin named their offering “NFTP” (non-fungible toilet paper).

Nearly $600,000 was paid for Nyan Cat, a 2011 GIF portraying a cat with a pop tart body. In February, it sold for almost $600,000! In addition, NBA Top Shot produced more than $500 million in sales by the end of March. Over $200,000 was paid for just one NFT highlight featuring LeBron James.

As NFTs become more popular, even celebrities like Snoop Dogg and Lindsay Lohan are enjoying the fun. They’re releasing unique memories, artwork, and moments as secure NFTs.

Want to make your own NFT portfolio? Hire a top-notch 3D team like Metafylabs for your project. 

How are NTFs Used
Many Ways are There to Make Use of NFTs 

How do I buy NFTs, then?

Now that you understand “what is NFT,” you might want to buy them. To start your own NFT collection, you’ll need to buy a few things first. These things are:

A digital wallet that lets you store NFTs and other types of cryptocurrencies is the first thing you’ll need to get. There is a good chance that you’ll need to buy some cryptocurrency, like Ether, based on the currencies your NFT provider wants to accept. You can use a credit card to buy crypto on Coinbase, Kraken, eToro, PayPal, and Robinhood to buy crypto on different platforms. After that, you’ll be able to transfer the funds from the exchange to your preferred digital wallet.

Invest Money in NFTs
The Process of Investing Money in NFTs

Fees are an essential consideration when evaluating your options. In general, most exchanges charge you at least a small percentage of the amount you buy crypto from them.

Some of the most popular NFT marketplaces are:

The NFT sites are all over once you’ve got your wallet set up and money in it. Today, the largest NFT markets are:

Treinetic’s final thoughts on NFTs

Is it a good idea to get NFTs just because you can? Due to their unclear future and lack of historical precedent, NFTs might be risky investments. On the other hand, people buy NFTs for many reasons. Those who want to own the underlying asset are very interested, while others see value in the asset being tokenized into an NFT. Some people buy NFTs to learn more about blockchain technology.

As a general rule, it’s probably not a good idea to invest in anything just because it uses cryptocurrencies. The basics of investment continue to apply regardless of whether a blockchain shows the ownership of an asset has been established or not. To be a good investor, you should think about what you want to own and then do everything you can to get it. If you are interested in the Blockchain technology, read our article on how can Sri Lanka benefit from Blockchain

Blockchain Technology in Sri Lanka

How Sri Lanka Can Be Benefitted from Blockchain Technology

Blockchain! Not only in the tech world, everyone who has a little awareness about the new digital world might hear this word one or more times. Surely, the main reason is Bitcoin, a cryptocurrency, an exceptional application of Blockchain technology. I am not going to clarify what blockchain is, instead I would like to discuss what benefits we, Sri Lanka, especially the Government, can get via the Blockchain & distributed ledger technology. If you are new to blockchain, I would suggest reading some articles on blockchain technology including this: https://www.ibm.com/topics/what-is-blockchain , before diving into this discussion. 

The main advantage of blockchain is its immutability of data written into the blocks with a distributed ledger, cryptography & consensus (mutual agreement on something) mechanisms. Unlike conventional software applications where a single server or few servers are owned by a single organization, blockchain imposes a Peer – Peer Network architecture, and everyone in the network must hold the same copy of the ledger. Therefore tampering or deleting data is almost technically impossible in a blockchain network and increases the trust among the participants.

Client Service vs. Peer-to-Peer Mode
Client Service vs. Peer-to-Peer Mode

In a database, four main operations are possible: Creating, Retrieving, Updating & Deleting (CRUD) the records but, in a blockchain ledger Updating and Deleting is eliminated purposely by imposing once you write something, it can never be edited or even deleted. Because of this, blockchain-based systems are more transparent, reliable & accurate when compared with non-blockchain systems.

Well, how will these advantages offer benefits for the products, companies, or Government institutions that are using blockchain technology? Predominantly trust or credibility is something well-worth in a software application, especially in a Government sector where in most cases it deals with people’s money. A country like Sri Lanka that needs monetary aid from the World Bank, IMF, etc. can obtain massive benefits if the crucial government-based systems have transparency and reliability. Blockchain-based systems will enhance the ‘Digitalization Process’ in massive steps and reduce the manual workload in Govt. organizations. Eliminating frauds that can be done with conventional software systems would lead to more transparency systems that carry off the trustworthiness of the general public and the international community. But, this needs a genuine intention from the political leaders!

Benefits of Automated Fraud Detection
Benefits of Automated Fraud Detection for Governments  

India

Let’s turn to the international, not too far, our neighbor India. India published “National Strategy on Blockchain” in December 2021. It consists of Scope, Roadmap, National Scenarios, Strategies & Targets for 5 years, National Blockchain Framework, etc. A clear & comprehensive document stated what they are going to do and how they are going to achieve that. Some developed applications and pilot projects have been mentioned there (section 5) related to governance, banking & finance, cybersecurity, etc. It seems that India’s Ministry of Electronics and Information Technology (MeitY) has a definite vision of implementing blockchain solutions to their most critical use cases relevant to the public sector and offering benefits to their people.

UAE

Well-known ‘Smart Dubai’ bundled with blockchain technology is another great example of blockchain use cases in governments. As mentioned in the ‘Dubai Blockchain Strategy’ they intend to be the “first blockchain-powered government” that saves 5.5 billion dirhams (nearly 1.5 billion USD) per annum in document processing, the value of one Burj Khalifa’s tower!!!

Other Governments

This article describes the Governments that are using or experimenting on CDBC (Central bank digital currencies): https://consensys.net/blog/enterprise-blockchain/which-governments-are-using-blockchain-right-now/

Suitable for Sri Lanka? But a few questions arise here:

Are Blockchain-based systems suitable for Sri Lanka? Especially for the Government?

Will it be possible to implement blockchain systems in Government institutions?

The massive obstacle is the corruption-based system in Sri Lanka (most developing countries) that demotivate transparency and always tries to hide the information from the general public. The writer read an article published in an investigative newspaper that mentioned a major Government organization’s software application that is developed to allow adding new users by violating the ordering mechanism purposely! Altering & deleting data/records from the database level backs up this kind of malpractices and reduces the trust among the people about the existing systems in the Government institutions (same for the private sector as well). There are massive allegations to the Governments who have led Sri Lanka including the incumbent, for escalating frauds and misconduct to gain their own advantage.

Corruption Rank - Sri Lanka
The Fluctuation of Corruption Rank in Sri Lanka Over the Years

Well-known ‘Computer Jilmart’ (computer-based malpractice) raised by the opposition in 2010 in Sri Lanka is a distinctive example of the attitudes of the citizens in Sri Lanka towards the computer-based systems in Government organizations. Although any ‘Jilmarts’ hadn’t happened (the same group claimed 3 years later) people were believing that some frauds were done with the support of IT systems. Changing this frame of mind from Sri Lankan people is very difficult as long as using the conventional software systems in the Government institutes. On the other hand, introducing tamper-proof & immutable software systems are difficult as long as the fraudulent ruling system is being practiced. But the responsibility & the accountability is goes to the Digital Technology and Enterprise Development Ministry of Sri Lanka, at least get the support of the leadership and start to rearrange the policies and establish a ‘Blockchain Strategy for Sri Lanka’ to build more transparent & decentralized Government.

What should be done?

Before all, need a way to educate the people, especially the Government officers who have very low literacy in the latest ‘Digitalization and Decentralization’. Basic computer literacy or handling an ERP system isn’t enough to perform the duties in the modern world for any ‘non-IT’ officer but, the comprehension of modern digitalization is essential. While establishing a ‘National Blockchain Strategy’ there should be a way to enrich the knowledge of the responsible officers in the Government as they are the key to running the systems.

Educating the next generation is mandatory with the latest evolutions in computer science & IT like Blockchain, AI-Machine Learning, Big Data & Cyber Security. My opinion is the very primitive concepts of these technologies should be introduced to the G.C.E. (O/L) syllabus, better to introduce a non-compulsory subject ‘Modern Digitalization’, and wrapped these concepts with some practical examples. Changes must be made to the ICT subject in G.C.E. (A/L) by adding intermediate knowledge of the said technologies and practice labs.

Main applications should be developed or revamped with blockchain layers:

  • Land registration system (new/revamp)
  • Motor vehicle registration system (revamp)
  • National identity card system (revamp)
  • Passport issuance system (revamp)
  • Personal criminal records (if any, or developed a new one aligned with IRC records)
  • National procurement system (new)
  • Educational certificate system for G.C.E. (O/L) & (A/L) (new)
  • Public donation management system (new)

Private sector’s contribution:

There are thousands of software companies in Sri Lanka but, extremely limited of them are concentrating on blockchain-based solutions, products is a pathetic situation. This is even after 11 years of the first practical blockchain application (Bitcoin) and 6 years after the Turing-complete, a not-only-finance platform like Ethereum and Enterprise suited platform like Hyperledger. Our companies must more focus on these kinds of solutions and offer support for the Government sector to achieve the maximum out of blockchain technology! Support may not be the correct word, Influence is the best!!!

Final thoughts:

In summary, a bunch of profits can be gained with Blockchain technology as a country if we grab it accurately. It seems that people are only focusing on cryptocurrencies, wallets, tokenization, etc., and miss all the other great utilizations. The reason is most of them only know or learn about the crypto and related stuff but didn’t analyze what is beyond them in the Blockchain ecosystem. Learning & practicing in blockchain technology indeed need a sizable knowledge and skills in software product engineering & computer science (for the most part back-end technologies) may be the route cause for this.

It is unavoidable for the rulers and policymakers to take the necessary steps to make policies & strategies with the support of the appropriate intellectuals to develop a solid foundation for adopting Blockchain technology in Sri Lanka. This should be a quick process but, analyzing the long-term risks, personal data protection (public blockchains), aligning with the existing digitalization architecture, etc. should be done with due diligence. As software professionals, we are expecting a significant contribution from authorities and bureaucrats to implement more blockchain applications in the Sri Lankan Government sector and are willing to provide support as it is our ought and duty.

How to Scale Remote Team

Everything You Need to Know About How to Scale Remote Team

Understanding how to scale a remote team is essential if you’re thinking of setting up your own IT consulting firm. In recent years, the need for company executives to manage remote teams has grown tremendously due to the attractiveness of a remote workforce. The advantages of remote working are many. And they may be reaped by both the business and the remote team members. These benefits include increased employee satisfaction due to the flexibility of working places and a more extensive global reach for the organization.

Why choose remote teams?

When discussing how to scale a remote team, it is essential to consider why they have chosen to work remotely. Consider the following scenario: you want to launch a new IT firm in a few months. It’s been proven that companies can save a lot of money on employee costs with remote teams. And this is because they don’t need to have physical office space. This means that the business usually doesn’t have to spend a lot of money at the start.

In recent years, remote working has become more popular among IT professionals and small and startup organizations. And the global pandemic has significantly contributed to this increased popularity. The settings in which these organizations operate are constantly changing. Therefore, they see the obvious advantages of not making a significant investment in a physical work location.

Remote working has many advantages. But it also poses many obstacles to businesses and the people in charge of management inside the organization. Managing a remote workforce comes with several issues. These may include ensuring that employees are working as efficiently as possible, that they are present when they are needed, and that they are motivated.

The Advantages of Building Remote teams
The Advantages of Building Remote teams

What Exactly Does It Mean to Scale a Team?

Scaling a team is simply the process of increasing revenue while keeping team costs at a constant level. If your sales rise by 40%, but you have to add five additional workers to your team, you aren’t scaling it. If you can handle that 40 percent growth with your existing personnel, you have successfully scaled your company’s operations.

How to scale a remote team: step-by-step instructions

UC Berkeley and Stanford researchers found that 70% of the companies they studied sought to scale too early before other basics of their company were in place. They published their findings in the Startup Genome Report. A key conclusion of the analysis was that premature scaling was a contributing factor in 90 percent of failing startups. Therefore, as well as knowing how to scale remote teams, you must know the right time to go for it.

What is the source of this widespread issue? It all boils down to the reality that none of these choices are made in a vacuum. For some startups, the temptation to exploit hiring statistics as a façade of success while under pressure to enhance performance may be tremendous. A startup founder could be under a lot of pressure to show investors that things are going well for the next meeting. On the other hand, a mid-sized (proprietary) software company would have to respond to many requests for a new feature and make it happen before their competitors.

The time it takes to see a return on investment (ROI) varies by position (the position in the management hierarchy of the organization) and might be months long. Among the costs of recruiting are the time spent by existing workers teaching new employees and the cost of hiring itself. It costs the company a lot of money and time to get rid of people who aren’t healthy or who leave early. Don’t focus on a short-term victory to distract from long-term uncertainty. Invest time in defining how your organization’s mission, values, and culture will be implemented on a new team.

Below are the crucial elements of how to scale remote teams:

Continue to be adaptable (stay agile)

When referring to a group, the word “agile” describes their capacity to adapt. The self-organization of all team members is the first step in scaling your remote team. The completion of any product or project relies on various people, including developers, designers, QA officers, and so on. Teams that work in an agile manner are cross-functional and have a shared sense of responsibility for the outcome.

Agile Development for Remote Teams
Agile Encourages Stakeholder and Team Engagement

Scaling your business the old-fashioned way will result in organizational silos and sluggishness. On the other hand, firms that use an agile approach find it much simpler to adapt to scalability problems. When business experts first used agile methods, they thought they could only be useful for small-scale projects. Perceptions, on the other hand, have shifted dramatically.

An agile team is defined as a team that executes an agile project (a project that follows iterative development which results in continuous and incremental improvement.) For example, by establishing the significance of features, the team may understand the most critical aspects of a project that might provide value. When a team of software developers uses an agile methodology, they may meet a project’s deadlines and costs progressively, allowing it to be launched sooner and begin earning revenue sooner.

Diverse firm personnel may come together to provide the first scope of work, i.e., the MVP (Minimum Viable Product), much more quickly than anticipated if they work cooperatively on the project.

Create a highly effective, distributed development team

When wondering “how to scale a remote team,” this is one of the most crucial things to keep in mind as you plan. Your firm will never be able to expand effectively if you recruit the wrong individuals for the job. For agile teams to work, team members must work together to accomplish tasks. The task of identifying the most qualified candidates in this industry is challenging. But one must also keep in mind that there’s intense rivalry among firms. Therefore, it has become challenging to provide above-average pay and perks to their employees.  

A distributed team provides the ability to enrich your current resources with specialists and generalists. It also gives you access to a larger global talent pool with more favorable wage expectations. And this improves your return on investment and increases your productivity.

The problem is that leading a remote team may be very difficult to manage. In your capacity as a company, you will be responsible for supplying your remote workers with the required infrastructure and technology. While some organizations choose to hire in-house staff or freelancers, the majority prefer to use an alternative method known as outsourcing.

Using an outsourced development team is a good idea

It takes a lot of time, money, and dedication to hire a new employee. If you hire someone, you have to provide them with perks like health insurance and an annual bonus, among other things. The same situation applies if you employ a freelancer. You should not expect them to devote their complete attention to your project alone. And this is because they may be working on many other projects at the same time as your project. Outsourcing is an excellent middle ground since it allows you to save time and money while still receiving total devotion. The option of outsourcing tasks that are excessively time-consuming and create undue pressure on your present employees is available to you as well. 

How to Scale Remote Teams - Outsourcing
Outsourcing is an excellent method of assembling a remote workforce

Moreover, outsourcing is a great way to build a distributed team because you don’t have the skills in-house or you have too many projects. There are several advantages to outsourcing, including the fact that there are no set costs; you will only be charged for the services you get for a particular project. In addition, outsourcing lets you quickly grow and slim down your development team with varying needs. You don’t have to worry about letting people go when the project is done or hiring quickly when the project is growing.

Choose the Most Appropriate Processes and Technology

This is another prime element to consider when discussing the topic of “how to scale remote teams.” Open communication is key to managing a remote group of people. And if you employ an agile strategy, it is critical to maintain open communication and utilize the right technologies in development. And these may include video conferencing, project management, etc. It’s essential that you automate all the automatable jobs. An automated task management system will allow the teams to focus on high-impact work instead of tedious duties.

If outsourced, you should ensure that your outsourcing contractor provides all of the tools and resources necessary for the various developers to perform their duties. Ensure that your in-house staff are in sync with your outsourced staff and have access to all the resources they need to execute their jobs.

It becomes more challenging to determine which technology is the best choice and when to invest in it as time passes. Leasing technology gear and tools is an excellent alternative to buying them, as it avoids the entire cost of the item. If you choose this route, you won’t have to stress about finding the money to buy the tools you need to get started right away. You only have to pay a monthly fee for each user and per device.

It’s essential to connect your scaling strategy with your current company demands while also planning for future expansion for scaling your remote team. If your business adapts quickly, it will be easier for your development team to keep up with changes.

Analyze and make modifications as necessary

To be successful in any undertaking, you must be open to the possibility of change. For a company to be successful, it must constantly monitor changes in the market and adapt its strategy accordingly. Develop and promote best practices for your whole team, no matter how geographically scattered they may be. To become more adaptive, your company will need to take a proactive approach to monitor the changes. 

Taking a proactive approach also helps identify relationships amongst teams, as well as the identification and mitigation of possible hazards. In the case of environments that have utilized Scrum, adapting Scrum ceremonies to the demands of each team is essential. You must also pick the most appropriate strategy for the team’s size. Retrospectives provide an excellent chance to evaluate your company’s return on investment, efficacy, and productivity.

Treinetic’s final words on how to scale a remote team

Scaling a remote development team may be difficult. But the advice provided above on how to do it will help managers and team leaders build a solid foundation for future growth and expansion.

When implementing agile techniques and putting technology and procedures into place, it is critical to identify cooperation among individuals and the dependencies between them. Assemble the right team, whether inside the company or externally contracted. Only then can you ensure that best practices and solid relationships are in place to provide a mutual understanding of the desired outcome. 

Web Web 3.0 Impact on Businesses

Web 3.0 Impact on Businesses | The Revolution Explained

Every business owner would benefit from understanding the Web 3.0 impact on businesses in today’s world. And that’s because Web 3.0 is ready to revolutionize how companies operate and how internet users interact with the digital world. In this article, we’ll take a closer look at Web 3.0 Blockchain, including what it is, what it contains, and what benefits it has to offer to your business and customers as a whole. 

Worldviews have evolved as a result of blockchain developments. Web 3.0 Blockchain is the real revolution that has started to unfold in the nooks and crannies of the Internet after establishing itself as a key blockchain platform trend in its own right.

What Exactly Is Web 3.0?

Before understanding the Web 3.0 impact on businesses, let’s understand Web 3.0 a bit better. It is, after all, the next internet revolution that would provide a decentralized environment based on blockchain, with an emphasis on intelligent information accessibility. For example, in the Web 3.0 age, search engines would deliver customized insights depending on the context of your search. The information stored on many computing devices will eventually displace the centralized data repositories stored on centralized servers. As a whole, it will function more like a decentralized peer-to-peer network with no central authority.

Consider the following scenario: “Web 1.0” was the term used to describe the early days of the Internet in the 1990s. Although the Web was seen to democratize access to information, there were few effective methods to navigate it beyond visiting a page and reading or watching through static content compiled by one or more content creators. It was unorganized and overwhelming in a lot of ways.

Later, in the mid-2000s, the Web 2.0 revolution began. It advocated many organizations to build centralized services. However, it extended the capabilities of the internet beyond information browsing. There were platforms like Google, Amazon, Facebook, and Twitter that came into existence to make the Internet more organized. These platforms made it easy for people to connect and conduct transactions online. However, critics contend that these corporations have gained excessive influence over time.

Web3 is about reclaiming some of the power that has been taken away from us. Following explains what happens in a Web3 world. People control their own data, so they can use social media, email, and shop all from the same personalized account. This creates a public record on the Blockchain, which can be portrayed as a digital ledger.

The History of the Web
The Evolution of the Web

Web 3.0 Impact for Business: Components of Web 3.0

Many technologies will need to work together and rise to the top of the heap to accomplish all that is expected from Web 3.0 Blockchain. And this implies that just integrating blockchain technology will not be enough. Some of the developing technologies of our time will be the primary components of Web 3.0 since they will be required to make the Web decentralized and semantic. And some will be superseded by different ones with Web 3.0. However, blockchain and cryptocurrency will always be fundamental for Web 3.0. 

  • In the near future, the digital Web’s user interface will combine with the real world thanks to advances in augmented and virtual reality as well as high-fidelity 3D graphics. The gaps between the digital and physical worlds will be filled. And we’ll be able to bring physical things into the digital world and digital things into the physical world (virtual reality and augmented reality.)
  • Internet of Things (IoT) devices will be compatible with and utilizing ever-more-advanced networks, such as 5G. Therefore, the Web will be everywhere through internet-connected computer interfaces on physical things. The Internet will connect everything from phones, cars, drones, and fridges to ovens.
  • Computers will be able to evaluate and learn on the go thanks to artificial intelligence technologies, allowing for more customized, tailored and user-centric interactions. Users will have a better experience when AI-powered chatbots and machine learning algorithms work together. They will be able to use structured and unstructured data to make the user experience relevant and semantic.

Web 3.0 Impact on Your Business

The Web 3.0 impact on businesses will make them highly user-centric and more transparent. In terms of user data, everything that was wrong with the way companies were run in the past will undergo a radical transformation.

So, how will businesses make use of web 3.0 technology? Traditional and new businesses will welcome Blockchain technology and the possibilities it brings with it. Businesses of all sizes and types will use blockchain. You will see that your applications are receiving a blockchain update, in which everything will be made public and accessible to everyone. And there are private blockchain networks too. Those are networks that allow only a selected group of participants into the blockchain network.  

Your customers regain control of their data

This is perhaps the most important way web 3.0 impacts businesses. Web 3.0 promises a major change in how the Internet works, focusing on user privacy. This is indeed a problem that has been discussed for a long time but hasn’t been effectively solved.

Web 3.0 uses blockchain technology, unlike Web 2.0, which leverages the Internet to develop applications. It is technically safer to store client data on a blockchain since it is decentralized and its usage by businesses is transparent, therefore safeguarding it from hackers. Some experts say the transfer of data ownership back to consumers could disrupt the technology sector. And this is because many tech companies would lose access to the data that has provided them with a competitive edge.

Easy logins and high security

Because of blockchain technology, visitors to your website will have a more pleasant login experience. Consider how many times you’ve logged into websites using your Facebook profile as a login. Blockchain technology employs the same principle as Facebook, which already owns your user information. Using Blockchain, however, you are the only owner of your information. For business reasons, your clients will still have the ability to sign in with ease on your website. And you will no longer have to worry about safeguarding clients’ data for them since it is already more secure.

We believe that Web 3.0’s enhanced security measures based on blockchain technology may reduce the risk of hacker attacks. According to IBM, Blockchain is unlikely to be hacked since documents are encrypted from beginning to finish. Making data anonymous and requiring authorization to see it adds another degree of protection to your website, preventing hackers from attacking it. Apple, Google, and Facebook are just a few firms that are currently using blockchain technology for security.

Web 3.0 Benefits
Web 3.0 Benefits for Businesses and Customers

Other Benefits of Web 3.0 for Businesses and Customers

When reviewing the Web 3.0 impact for businesses, the following benefits are the cherry on the icing.

1. Data Ownership and Control

Until recently, IT giants managed and used the data generated by users. End-users will have total data ownership due to Web 3.0, which Blockchain drives. Every piece of information carried across the network will be completely encrypted. As time goes on, users will be able to decide what information they want to share with corporations or advertising firms and how much money they want to make from it.

2. Interoperability

Users would be able to access data across many apps using Web 3.0 technologies rather than being restricted to a single platform. This eliminates the need to be concerned about one device(on a certain platform) being able to access Web 3.0 services while others are unable to.

3. Permissionless Blockchain

Under Web 3.0 technology, it will not be necessary to have a central authority for a blockchain. Create an address, and you’ll be able to engage in the network. Anyone may join and participate in the network. This would remove the possibility of people being denied access based on their gender, income, sexual orientation, geographic location, etc. This technology will also make available the ability to move digital assets and wealth across borders in a timely and cost-effective way.

Permissioned VS Permissionless Blockchain
Permissioned VS Permissionless Blockchain

4. Pro-Privacy and Anti-Monopoly

Features of Web 3.0 will encourage the use of pro-privacy and anti-monopoly approaches in business. Due to this policy, centralized platforms that retain control over their users’ data will not be rewarded. Decentralization and privacy will take center stage in the future, and we should expect a dramatic shift. Because consumers now have a choice over how their data is shown, the monopoly of tech companies will be broken. And there will be fewer to no instances of data privacy intrusions.

Final Thoughts

As an award-winning software engineering company, we strive to remain knowledgeable of the latest technological developments. And we believe that Web 3.0 will have a significant impact on how we interact with the digital world.   And this transformation will affect everyone, not just consumers. The Web 3.0 impact on businesses will be both traditional and disruptive. It will also be equally massive.

However, the evolution from Web 2.0 to Web 3.0 will take time. Businesses will have the time to review their processes and determine where they fall on the decentralization and transparency spectrum.

AWS VS Azure

AWS VS Azure: What Is the Difference?

You can use this AWS VS Azure comparison to determine which public cloud service is best for your requirements.

If you’re just getting started with cloud computing, you’ll want to choose a cloud platform that makes it easy for you to get up and running. It is critical for anybody interested in pursuing a career in cloud computing to get familiar with the many prominent cloud service providers before determining which cloud is the best fit for their interests as well as for the demands of the organizations. In today’s age of big data and data science, cloud computing platforms are the best choice many would resort to.

In addition to the learning community, several enterprises are interested in comparing AWS VS Azure before deciding whether or not to migrate to a cloud-based infrastructure. However, the fact is that this is not a choice based on technical considerations. For most use cases, both AWS and Azure perform equally well. The choice between Azure and AWS is more of a business one. And it is based on the organization’s needs and standards.

The Global Market Share of Cloud Service Providers

Before we get into the specifics of the comparison between AWS VS Azure, it’s necessary to highlight the market share. These statistics clearly show the big picture of AWS VS Azure’s competitiveness in the cloud provider market.

According to Statista, AWS was the most popular provider in the cloud infrastructure services industry in the third quarter of 2021, controlling 32% of the total market in that quarter. Microsoft Azure is in second place with a market share of 21%. And Google Cloud remains in third place with a market share of 8%. In the third quarter of 2021, these three leading cloud vendors accounted for 61% of overall spending.

Cloud Provider Market Share Trend
Cloud Service Provider Market Share 2017-2020

These vendors provide virtual machines, machine learning, cloud-native development, data analytics, application migration, and a variety of other services via their cloud service offerings. 

AWS VS Azure Differences Explained

What exactly is AWS?

As a cloud service platform, Amazon Web Services (AWS) offers various services in several domains. And these include computing, storage, delivery, and other functionality, all of which assist organizations in scaling and growing. Using these services, we can create and deploy various apps on the cloud platform.

To produce a scalable and efficient outcome, AWS services are intended to work in conjunction with one another. There are three types of AWS services: Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS). After being introduced in 2006, AWS has risen to become one of the best cloud platforms available today among the several cloud platforms currently in existence. Cloud platforms provide many benefits, including fewer administrative overhead, lower costs, and more.

What exactly is Azure?

After launching in 2010, Microsoft Azure quickly rose to become one of the world’s largest commercial cloud service providers. Analytics, computing, networking, database, storage, DevOps, mobile, and web applications are just a few of the integrated cloud services and functions available. They easily connect with your environment to maximize efficiency and scalability.

Azure services are generally categorized as Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS). Developers and other employees can use services to build, deploy, and manage services and applications in the cloud.

Let’s get to the AWS VS Azure comparison now:

AWS VS Azure Compute Comparison

The compute parameter is the first halt in this AWS VS Azure post.

A computer’s primary function is to calculate, process, and compute. The right cloud service provider can assist you in scaling to thousands of processing nodes in a matter of minutes. There are two options for organizations in need of speedier data processing or graphics rendering: buying additional hardware or moving to the cloud. This is the ultimate purpose of public cloud computing services.

When it comes to computing, AWS’ fundamental solution is its EC2 instances, which offer scalable computing on demand and can be configured to suit specific requirements. Moreover, it offers additional related services, such as AWS Lambda, Autoscaling, Amazon EC2 Container Service, Elastic Beanstalk for app deployment, etc. 

Azure, too, offers services comparable to those described above, including Azure Virtual Machine, App Service, Azure Functions, Container Service, and so on. This indicates that the competition between these providers is close.

AWS VS Azure Compute Comparison
AWS VS Azure Compute Comparison

In terms of computing power, AWS dominated in the past era, but Azure really did catch up, becoming a viable contender approaching the market later on.

Storage Comparison: AWS VS Azure

Storage is the next factor that we compare between AWS VS Azure.

The capacity to store data is one of the most important features cloud service providers offer. Running cloud-based services necessitates storing data processed at some point in the process. Although AWS’s storage services have been in operation for the longest time, Azure’s storage capabilities are incredibly reliable. These are two of the most powerful cloud storage services available today.. The storage method used by Azure is referred to as “blob storage.” On the other hand, the one used by AWS is referred to as Simple Storage Service (S3).

Customers who use Amazon’s cloud object storage service get high availability and automatic replication across different regions. Temporary storage in AWS is allocated  when an instance is launched and released when the instance is terminated. As well as this, it offers block storage that is comparable to hard drives and can be attached to any EC2 instance or maintained as a standalone storage device.

For virtual machine-based volumes, Azure uses temporary storage and page blobs. Azure’s block storage option is comparable to Amazon Web Services’ S3 service. Storage in Azure is divided into hot storage and cool storage. Cool storage is less expensive than hot storage, but it comes with higher reading and writing costs. They can be utilized based on the frequency of accessing the data stored.

AWS VS Azure – Pricing Comparison

Cost is a major factor in this comprehensive comparison between AWS VS Azure.

Prices have been on a lower trend for quite some time due to increased competition among cloud service providers in recent years. AWS and Azure provide free introductory tiers with restricted use limits. And this allows consumers to experiment with their services before committing to a paid subscription. In addition, both companies provide credits to entice start-ups to use their cloud platforms as a marketing tool.

AWS and Azure offer pay-per-use pricing plans based on the number of hours you use the service. AWS may assist you in saving more money as your usage increases; the resources for a low cost. In order to elaborate on the AWS pricing scheme further, let us consider AWS instance types and their pricing plans.:

  • Reserved Instances: One may reserve an instance for a period of one to three years by paying a one-time fee depending on the period of use.
  • On-Demand instances: You just pay for what you use, with no need to commit to a large up-front investment.
  • Spot Instances: Place a bit for resources which will allow a reduced price based on availability, which would serve applications with decent flexibility when extensive computing power is needed at certain times.

Microsoft Azure allows its consumers to make short-term commitments by enabling them to select between prepaid and monthly charges for their services. Azure is a bit less flexible than AWS when it comes to pricing models, but it is still competitive.

‘Amazon AWS VS Microsoft Azure – Databases

All software applications nowadays need the use of a database to store information. SQL database services are available from both Azure and AWS, regardless of whether you want a relational database or a NoSQL solution. Both Amazon’s RDS (Relational Database Service) and Microsoft’s SQL Server databases are highly available and durable, and they both provide automatic replication.

AWS is well-suited for both NoSQL and relational databases. And it offers a sophisticated cloud environment for large data processing. AWS’s primary analytics product, EMR (a managed Hadoop, Spark, and Presto solution), assists with the setup of an EC2 cluster and allows integration with various other AWS services. Both relational and non-relational databases are supported by Azure HDInsight and Azure Tables for large data storage and querying. Through its Cortana Intelligence Suite, Azure delivers analytical solutions that come with Hadoop and Spark, as well as Storm and HBase.

Azure’s SQL database service is primarily based on Microsoft SQL Server. But it also supports a few others, such as Cosmos DB, Redis, and Apache Cassandra. When it comes to doing different database operations, Azure’s interface and tools simplify them. However, AWS offers many instance types that you can supply and gives you more control over DB instances.

AWS VS Azure Databases
AWS VS Azure Database Comparison

AWS VS Azure – Networking

Different networks and partners link the data centers across the world via various products offered by cloud service providers. Using AWS’s virtual private cloud (VPC) service, customers can construct their own private networks in the cloud. Within a VPC, a user can create route tables, subnets, private IP address ranges, and network gateways.

In a similar vein, Azure provides the ability to establish isolated networks via the use of Virtual Networks (VNETs). Both AWS and Azure provide customers with firewall choices to provide security to the described networks. 

AWS VS Azure Machine Learning Comparison

AWS provides SageMaker, and Azure has a machine learning studio. And these facilitate the development of machine learning models more quickly and simply. But how do they vary from one another? To build, train, and deploy a machine learning model more quickly, AWS and Azure offer managed services covering the end-to-end machine learning pipeline. Despite this, how these companies deliver machine learning as a service is very different.

Amazon Sagemaker builds the model depending on the code written. Azure features a simple drag-and-drop user interface where the model building process can be architected on canvas. In contrast to Amazon SageMaker, Azure’s Studio does not require users to get fully familiar with Python coding, data engineering difficulties, and other open-source tools.

Azure Studio is sentenced to be deprecated by 2024. It has not been productive in building accurate models for many problems, and there have been some other issues too. In this regard, Amazon SageMaker has been successful. Azure will move to Azure Machine Learning (instead of Machine Learning Studio). It will feature a much more similar identity to SageMaker, where you’ll have to be familiar with programming to build models.

AWS VS Azure – Container and Orchestration Support

The fact that AWS offers more mature big data and analytics services than any other cloud provider has already been proven. Based on customer requirements, it offers a wide range of services in sectors such as the Internet of Things (IoT), mobile app development, and the creation of a computing environment. They also provide support for the Docker container-based operating system.

With services like Azure HDInsight, Microsoft competes on an equal footing and may perhaps go a step further by providing Hadoop support. Both Windows and Hyper-V containers running on Windows Server 2016 may be integrated with Docker. The platform also runs Linux or Windows containers.

AWS VS Azure Compliance Comparison

Amazon has a strong partnership with government agencies to provide better government cloud services. They also have excellent security mechanisms in place, ensuring that only authorized users have access to the cloud. When dealing with sensitive data, this is a critical factor to consider.

Microsoft has more than 50 compliant products. Some of the most well-known include International Traffic in Arms Regulations (ITAR), Health Insurance Portability and Accountability Act (HIPAA), etc. AWS and Azure are neck and neck in the competition when it comes to security.

Who Will Be the Leader in the Future, AWS or Azure?

In the cloud platform market, both AWS and Azure have the chance to carve out their own space. They both serve some unique needs that don’t overlap very much, so they could make their own space.

Because of its early introduction, AWS was the sole option for businesses looking for cloud computing solutions. While its early introduction provides it with a competitive advantage, it initially lacked enterprise features and has only lately begun to include them in its offering.

Benefits of AWS
The Top Benefits of AWS

However, Microsoft Azure is capable of providing seamless service to large corporations. The ability to provide customers with the required assistance for quickly scaling up and scaling down QA/test environments is enabled by the ability to deliver economic benefits.

Microsoft Azure Benefits
The Top Benefits of Azure

Treinetic’s Final Thoughts on AWS VS Azure Winner

The purpose of this article was to offer some insight into the AWS VS Azure debate. But in this AWS VS Azure cloud service provider battle, there is no clear victor. A multi-cloud approach is possible because organizations may pick and choose the best features from each cloud service provider. A multi-data center hosting solution is recommended for businesses that need high availability and resilience.

It is incredibly difficult to compare Azure with AWS. And that’s because both companies are always introducing new pricing structures, new products, and new integrations. When deciding between the two platforms, the organization’s requirements must be considered, as well as how well the AWS VS Azure comparison meets them. What matters the most is that one does comprehensive research to assess what is really needed and what the service provider has to provide, regardless of whatever comparisons are made. 

Native VS Cross-Platform

Native VS Cross-Platform: What to Choose in 2022?

In this blog post, we’ll go through the two primary techniques for app development: native VS cross-platform development. Why? Because, as a result of technological advancements, our lives have grown more reliant on digital assets. We make the most important choices in our lives and organizations via the use of the Internet and mobile applications. Businesses have a hard time competing in the digital world because there are so many apps on the Play Store and App Store and they have limited exposure, skills, resources, and funds.

It is predicted that the yearly number of app downloads globally will reach 299 billion by 2023, an increase from the expected 247 billion global app downloads in 2020. In addition, by 2023, paid downloads and in-app advertising are expected to produce over $935 billion in income for mobile applications.

Mobile App Downloads in Billions
There’s a Rapid Increase in the Number of Mobile App Downloads

Because of the competitive environment, business owners are under constant pressure to place more emphasis on the quality, precision, functionality, and other factors that encourage prospective consumers to choose their services over alternatives. And it is at this time that we must decide between native VS cross-platform development methods. Businesses often face many difficulties, including deciding on the best technology to depend on, whether to use iOS or Android, and which app development framework would be the most effective in increasing client interaction.

What to Consider When Choosing a Methodology for Developing a Mobile Application

When deciding between native VS cross-platform development, we must first understand the factors to consider when selecting a mobile application development approach:

The complexity of the application

Cross-platform development is an excellent option if all your app does is utilize network-fetched data. In contrast, if your application needs extensive processing or access to low-level APIs, you might choose native development because cross-platform tools may not be able to access them. 

Cost

Native development delivers high-performance applications, yet it is time-consuming and expensive to develop. If you are working with a small budget, cross-platform development is the best option to consider. Because just a single codebase is created for an app that runs on both Android and iOS, you’ll save between 30 and 40% on development costs.

Time Required for Development

Getting an MVP app up and running as soon as possible is important in some projects. This is the point at which you should think about cross-platform development. You do not need to work on two different versions of the app. Creating an app for both Android and iOS requires just a single development cycle.

UI/UX

Native development is the way to go if you want stunning visuals and an engaging experience. When developing in a native environment, developers have access to the UI/UX components. Selecting cross-platform development may strictly limit the UI/UX elements of the program.

Native vs. Cross-Platform: What Is Native App Development?

Building a mobile app just for a single platform is referred to as “native app development.” In this case, programming languages and tools unique to a particular platform are used to create the app. For example, you can develop a native Android application using Java or Kotlin while developing iOS applications using Swift and Objective-C.

When comparing native VS cross-platform applications, native apps are renowned for providing a superior user experience because they are typically high-performing. Because the visuals are matched to the platform’s user experience, the overall user experience is seamless. On the other hand, startups are worried about the high cost of native app development. And that’s because they must simultaneously build for two platforms.

The Pros of Native Application Development

Increased Scalability

Native apps are scalable because of the resource management flexibility and the range of tools available.

High-performance and excellent user experience

The direct communication between the code and the underlying resources results in an excellent performance. Additionally, native applications often offer a superior user experience (UX) that is synonymous with the platform.

Broad Functionality

If you’re working on a platform, you’ll have access to every API and tool that it has to offer. According to the current state of technology, there are no restrictions on how programmers develop the new app. 

Improved Support in Store

Generally speaking, native apps are simpler to publish, and they are often placed higher in the platform’s app store since they provide superior performance and speed.

The Cons of Native App Development

Costly

When you need to publish your app on both iOS and Android, developing native applications might be outrageously costly. Because of this, you’ll need to deploy two teams that will work on separate platforms.

Time-consuming

Because the work done on one platform cannot be repeated on another, native app development is time-consuming. Rather, a different team will be required to work on the other version.

Native App Development Pros and Cons
Native App Development Pros and Cons

What Is Cross-Platform App Development and How Does It Work?

Because we have already reviewed native app development in today’s subject of native VS cross-platform, let’s take a closer look at cross-platform development now.

Cross-platform development refers to developing an application that is compatible with several platforms. This is accomplished via the use of technologies such as React Native, Xamarin, and Flutter, which allow the applications built to be published on both Android and iOS devices.

While cross-platform development saves time and money, there is a danger that quality may be compromised in the process. The implementation of an app that operates ideally on several platforms is complex, as the app will need an extra abstraction layer when running. This can result in decreased performance.

Cross-platform programming is more attractive to startups since it saves time and money. Nonetheless, it would help if you were mindful of the fact that it may be more difficult to correct the app beyond what is permitted by the framework.

The Pros of Cross-Platform Application Development

‍Less Costly

An application that runs on several platforms will need just one development team rather than two, as in the case of a native app. As a result, you will save money on the development costs.

Faster Development ‍

When developing an application that operates on various platforms, just a single development cycle is necessary.

Single Code Base 

There is just one code base for the app since it was developed using a single cross-platform development tool.

The Cons of Cross-Platform Application Development

An app that runs more slowly

Because of the need for an extra abstraction layer and rendering process, the cross-platform application is much slower than its native equivalent.

Limited Functionality

Developers may probably have problems accessing smartphone features such as the microphone, camera, and geolocation in the same manner that a native app would.

Limited UX 

Cross-platform applications are unable to make use of native user interface components. As a result, it cannot provide the same user interface experience that is familiar with the platform.

Cross-Platform App Development Pros and Cons
Cross-Platform App Development Pros and Cons

Native VS Cross-Platform: Which One to Choose?

Choose wisely, since your choice will influence how much it will cost, how long it will take to develop, and how consumers react to the application. Before making a decision, consider all of the factors listed above. If you’re still not sure which to choose between native and cross-platform, here are some additional tips:

When Should You Think About Developing a Native App?

  • It is more likely that your target audience will be using your app for the first time, and you want to make a good first impression by providing them with the best possible app experience.
  • It is necessary to code specifically for a single platform.
  • You are one of the businesses interested in 3D games and animations.
  • You want to gain many daily active users (DAUs), pursue venture capital investors for product financing, and design an app that is simple to understand yet intuitive to use.
  • It is necessary to include device-specific features like GPS, a camera, etc.

When Should You Consider Developing a Cross-Platform Application?

  • You have a tight budget, limited time, and limited resources, and you must develop a mobile application on many platforms.
  • It would help target both iOS and Android app users in your marketing efforts.
  • You need a more rapid app development process.
  • The app isn’t complicated, and it doesn’t need any features that differ significantly across platforms.

So, you can choose between native and cross-platform based on the scenarios explained above.

Our final thoughts

As an award-winning software engineering company, we know that there are advantages and disadvantages to both native and cross-platform app development. To choose an app development platform between native VS cross-platform, it is necessary to determine the exact business criteria that must be met. Before selecting an app development platform, IT business managers must determine exactly what they want. This is why you need to think about both the short and long term when making your decision.

Top Technology Trends in 2022

Top New Technology Trends for 2022 | The Ultimate List

Treientic expects these top technology trends to be game-changers for digital business and innovation in 2022. All the information you need about these technologies and why they’re important is available in this post. At Treinetic, we forecast top technology trends that are essential to the success of businesses every year. The nine top technology trends included in this year’s list will help CEOs provide growth, digitalization, and efficiency. And they will also position CIOs and IT executives as strategic partners inside their organizations.

Our second target audience is job seekers. What does this have to do with job seekers? This entails keeping up with evolving technologies and the latest technology trends. Also, to get a safe and worthwhile job in the future, you must keep an eye on the promising technologies of the future and master the skills you’ll need to do so. The whole planet has bowed to the COVID-19 pandemic. Most of the world’s information technology workforce is sitting back and working from home. We present these top technology trends to watch for in the next year for those who want to make the most of their time at home. Let’s look at:

  • Artificial Intelligence and Machine Learning
  • Quantum Computing
  • Virtual Reality and Augmented Reality
  • Blockchain
  • Robotic Process Automation (RPA) 
  • Edge Computing
  • The Internet of Things (IoT)
  • Cyber Security
  • 5G

The Top 9 Technology Trends for 2022

1. Top Technology Trends: Artificial Intelligence (AI) and Machine Learning

With the resurgence of machine learning in the late 1990s, especially with the colossal improvements in GPUs and the advent of tensor processing units (TPUs), artificial intelligence became widespread interest in the community. Although many subdomains are still under ongoing and extensive research, artificial intelligence continues to be one of the top technology trends because of its significant effects on how we live, work, etc. AI is already well-known for its supremacy in various applications, including ride-sharing apps, image and voice recognition, navigation apps, smartphone personal assistants, and a slew of other applications. 

Other ground-breaking AI technologies include: 

LaMDA by Google: A Generative Conversation Model where conversation dialogues are generated based on a user’s interactions, ideally never following the same conversation twice.

Duplex by Google: A technology for conducting natural language conversations, even with the nuances that would make the other person engaging in conversation completely perplexed about whether or not they are talking with an AI model.

Deep Learning has impacted the biomedical industry so much that it has even helped identify potential drugs for COVID-19. In fact, there was a contest on a popular hackathon platform at the very early stages of the pandemic. Some models were developed to generate candidate structures for organic molecules for drugs. Furthermore, properly trained models are being used to detect benign and malignant tumors in X-rays and other forms of medical imaging. These have assisted doctors primarily in identifying tumors that they would be missed if done manually. 

The technology will also assist in estimating demand for services like hospitals, allowing authorities to allocate resources better. Additionally, AI will assist in detecting client behavior trends by analyzing data in near real-time. And this results in increased revenues and improved tailored experiences.

The AI market

Global investment in cognitive and AI systems will reach over $57 billion by 2022, making the AI business a $190 billion industry by 2025. Due to the expansion of AI throughout several industries, new employment will be generated in various fields such as programming, software development, data engineers, machine learning engineer, data scientist, AI engineer and so on. On the other hand, AI pays some of the highest incomes available today. For example, with rates ranging from more than $1,25,000 per year for machine learning engineers to over $145,000 per year for AI architects. And this makes it one of the top technology trends to keep an eye on.

Machine learning, a subset of artificial intelligence, is also being used in many industries, generating a significant need for individuals highly skilled at training and optimizing machine learning models and their parameters, deciding which machine learning algorithms to apply for different problems. According to Forrester, artificial intelligence, machine learning, and automation will generate 9 percent of new employment in the United States by 2025. And these new job positions may include machine learning engineers, data scientists, content curators, robot monitoring experts, automation specialists, etc. Without a doubt, these factors make machine learning one of the top technological trends you should be aware of.

AI Market Growth
The Growth of the AI Market

Mastering artificial intelligence and machine learning can help you get jobs in fields such as:

  • The AI Research Scientist
  • AI Engineer
  • AI Architect
  • Machine Learning Engineer

2. Quantum Computing

Quantum computing, a type of computing that uses quantum phenomena such as superposition and quantum entanglement, is the next notable technological development. Because of its capacity to query, monitor, analyze, and act on data from various sources, making predictions and simulating different scenarios based on the spread of the coronavirus was far more accurate, and the same worked out with the vaccine development. Banking and finance are two more fields where quantum computing is finding applications. It can be used to control credit risk and identify fraud in high-frequency trading and other high-risk activities.

What makes this one of the top technology trends in 2022? Quantum computers currently outperform conventional ones in terms of speed and the number of possible calculations. And several well-known companies, like AWS, Google, Splunk, Honeywell, Microsoft, and others, are actively engaged in developing new technologies in this sector. By 2029, it is expected that the worldwide quantum computing industry will have reached $2.5 billion. And, to create a name for yourself in this emerging field of technology, you’ll need to be familiar with linear algebra, probability, higher order calculus, quantum mechanics, special theory of relativity (to a certain extent), information theory, etc.

3. Virtual Reality and Augmented Reality

Virtual Reality (VR), Augmented Reality (AR), and Extended Reality (ER) are the next top technology trends in 2022 and coming years. This technology immerses the user in an environment, while augmented reality enriches the user’s environment with virtual entities. And this has mostly been used for gaming so far. But now, it’s becoming popular in training, as in the case of VirtualShip, a simulation software used to train captains of U.S. Navy, Army, and Coast Guard ships. And this is even becoming popular in virtual meetings and reaching many casual interactions as well, such as Metaverse by Meta.

According to predictions, this type of technology will continue to be incorporated into our lives by 2022. AR and VR are often used in conjunction with some of the other emerging technologies we’ve discussed in this list. And they have excellent potential in various applications, including industrial training, entertainment, education, marketing, and even injury rehabilitation. It is possible to utilize it either to train surgeons to do surgery, provide museum visitors with a more in-depth experience, enrich theme parks, or even increase marketing.

Interesting facts

In 2019, 14 million augmented reality and virtual reality gadgets were sold. The worldwide augmented reality and virtual reality industries could reach $209.2 billion by 2022. And this will result in additional opportunities in rapidly evolving technology and the recruitment of more people who are ready to work in this game-changing sector.

Developing VR environments is, in fact, another level of graphics programming and requires a higher degree of expertise in projections, visualizations, and even in linear algebra as well. However, a programmer who might not be an expert on the aforementioned aspects, would be able to easily utilize already developed environments and applications. So, this is one of the top technology trends to pay attention to in 2022.

4. Blockchain

Without a doubt, this is one of the top technology trends on the rise. Even though most people associate blockchain technology with cryptocurrencies like Bitcoin, it provides security in various contexts. When it comes down to its most basic definition, blockchain data is characterized as data that can only be added to, not removed from, or changed. You are creating a data chain, so the word “chain” is used. The fact that it is impossible to modify the previous blocks makes it so safe. Furthermore, since blockchains are consensus-driven, no one body can exercise control over the data. To manage and verify transactions on the blockchain, you do not need a third party.

Several sectors are participating in the implementation of blockchain technology. Moreover, as the usage of blockchain technology grows, so does the need for trained individuals. A blockchain developer specializes in the development and implementation of blockchain-based architecture and solutions from a high level of perspective. 

There has never been a better opportunity to get started if you’re interested in the blockchain and all of its potential uses and want to build a career around it. Programming languages, data structures, algorithms, web app development, and networking are necessary skills to enter the blockchain industry. Those who lack these skills will have a hard time getting in. So, are you ready to adopt this as one of the top technology trends in 2022?

Blockchain AI Market Forecast
The Global Blockchain AI Market Is Growing Rapidly

5. Top Technology Trends 2022: Robotic Process Automation (RPA)

Robotic Process Automation, or RPA, is another technology automating occupations, similar to other popular technological developments such as artificial intelligence. Applications, transaction processing, data management, and even email replying are automated using RPA software. Thanks to RPA, you can automate tedious and time-consuming operations formerly performed by humans as users of computers.

Forrester Research’s projection warns that RPA automation would endanger the lives of 230 million or more knowledge workers, or around 9 percent of the global workforce. On the other hand, RPA is also generating new employment and modifying current occupations. According to McKinsey, fewer than 5% of occupations can be fully automated, while over 60% can be partially automated. Until strong AI becomes a reality, with RPA, only redundant jobs will be rendered obsolete. 

RPA provides a wide range of job prospects for IT professionals when it comes to future technology trends. These may include RPA developers, RPA analysts, project managers, business analysts, solution architects, etc. All these facts and statistics make RPA one of the top technology trends.

Mastering RPA can assist you in obtaining high-paying employment such as:

  • RPA Developer
  • The RPA Analyst
  • RPA Architect

6. Edge Computing

With the rise of AWS (Amazon Web Services), Microsoft Azure, and Google Cloud Platform, cloud computing has become an important technology trend to keep an eye on. More and more firms are migrating to cloud computing, fueling the continued growth of the cloud computing industry. However, it is no longer considered an emerging technology trend. It’s edge computing that has become the new focus.

Cloud computing’s drawbacks have become more evident as many data companies dealing with them grow. When it comes to cloud computing’s latency, edge computing is highly beneficial and effective as an alternative method of delivering data to data centers. Edge computing is becoming more popular to handle time-sensitive data in remote locations with limited or no access to a centralized site. Edge computing can serve as a small data center in these circumstances. Additionally, it would help save bandwidth. 

Top Technology Trends - Edge Computing
The Top Benefits of Edge Computing

The growth of edge computing

As the number of Internet of Things (IoT) devices grows, the utilization of edge computing will also grow. Most IoT applications produce a huge amount of data, and this data is usually processed on cloud servers. Hence, the data is required to be transferred to storage servers beforehand. The servers processing this data will access this data, and hence edge computing will come into play. According to forecasts, the worldwide edge computing industry will reach $6.72 billion by 2022. There is little doubt that this new technological trend will continue to expand, increasing the need for software engineers and other related professions.

Cloud computing, as well as new-age edge and quantum computing, can help you get high-paying positions like:

  • Cloud Architect and Security Architect
  • The cloud Reliability Engineer
  • Cloud Infrastructure Engineer
  • DevOps Cloud Engineer

7. Internet of Things (IoT)

IoT is among the top technology trends to watch in 2022. The inclusion of WiFi connection in many “things” now means that they may be connected to the Internet—as well as to each other. Therefore, the Internet of Things (IoT) is the future and has already enabled devices to connect to the Internet and share data. 

We’re already reaping the benefits of the IoT as customers. Using our Fitbits, we can lock our doors remotely if we fail to do so before we leave for work, as well as pre-heat our ovens on our way home. On the other hand, the business community stands to earn significantly both now and in the foreseeable future. Data gathered and processed by the IoT may help organizations improve their safety, efficiency, and decision-making. In addition to enabling predictive maintenance, it can also speed up medical care, enhance customer service, and provide other advantages that we haven’t yet thought of.

The growth of IoT

Estimates show that by 2030, around 50 billion of these Internet of Things devices will be in use throughout the globe. And this will create a massive network of connected devices that will include anything and everything, from smartphones to kitchen appliances. In 2022, global spending on the IoT is expected to exceed 1.1 trillion US dollars. New technologies like 5G are projected to propel the industry forward in the coming years.

Those who want to work in this rapidly evolving field must learn about information security, embedded programming, etc. Computer architecture and electronic engineering expertise would also be required for more complex development processes.

8. Cyber Security

Given that cyber security has been around for quite some time, it may not seem to be one of the top technology trends. Nevertheless, it is advancing in the same way that other technologies are. This is partly because new threats are continually emerging. Malevolent hackers attempting to get illicit access to data will not give up anytime soon. And they will continue to develop methods to defeat even the most stringent security measures. It’s also partly because new technology is being adopted to improve security. Security will continue to be a popular technology as long as hackers contend with it. And that’s because cyber security will always advance to combat those hackers. Moreover, sometimes data can leak off, and hackers might not be aware of such a leak. Cyber security experts must find these sorts of data leaks, security holes, and even issues with cryptographic algorithms. 

The fact that the number of cyber security positions is expanding three times faster than the number of other tech occupations is evidence of the high need for cyber security specialists. Gartner predicts that, by 2025, 60% of enterprises will view cyber security risk as a major factor in undertaking third-party transactions and commercial engagements with third parties.

Cyber security Market Growth
The Rapid Growth of the Cyber Security Market

9. 5G

The last of our top technology trends in 2022 is 5G. Previous generations of mobile technology allowed us to browse the internet, access data-driven services, increase bandwidth for streaming on Spotify or YouTube, and do so much more. And the next generation (5G) of mobile services will completely transform our lives and society. The significance of 5G is faster data rates, higher traffic capacity, and network efficiency, in addition to cloud-based gaming services such as Google Stadia, NVidia GeForce Now, and other similar services. HD cameras that aid with safety and traffic management, smart grid control, and smart retail are all likely to make use of this technology soon.

Everyone from Verizon to T-Mobile to Apple to Nokia to QualComm is working on 5G applications. 5G networks will be available in 40 percent of the globe by 2024. It will handle 25% of all mobile traffic data. So, 5G is one of the top technology trends to keep an eye on and put some money aside for. And if someone is interested in 5G technologies and loves to indulge in a career related to the development of 5G, electrical and telecommunication engineering knowledge would help to a greater degree. Networking knowledge will also be presented as a must. 

Our Final Thoughts on the Top Technology Trends in 2022

We at Treinetic are well aware that different trends will have varying effects on different businesses in many ways. The close integration of most trends means that different combinations of technology will be needed to compete at different points in the business growth cycle. The awareness of CIOs and IT executives of their firms’ short- and long-term business goals will be critical in determining which trends will be the most important to watch.

As an award-winning software engineering firm, we are keen on these top technology trends and look for ways to adapt them to our services.

Scrum vs. Kanban

Scrum vs. Kanban | What are the Differences?

When it comes to implementing an agile development or project management system, “Kanban vs. Scrum” is a hot topic. In contrast to Scrum’s structured, short work sprints, Kanban’s methodologies are more fluid and undisrupted.

The differences between scrum and kanban practices are simple to point out, but the demarcation between them are obscure. Even though the practices change, the principles are essentially the same. Both frameworks will assist you in developing better products and services while experiencing fewer problems.

Scrum vs. Kanban: What are the Differences?

Because both Scrum and Kanban come under the Agile methodology umbrella, they are excellent frameworks for breaking down bigger, more complicated projects into manageable portions. Let’s compare the two to address the Scrum vs. Kanban debate.

When discussing Scrum vs. Kanban and their differences, we must first understand them separately.

What exactly is Scrum?

Known as the Scrum project management framework, it is used to implement the Agile project management methodology. This is a common approach for projects that demand fast development, testing, and release of products.

The Scrum framework divides a project into short sprints of usually one to four weeks. At the end of each sprint, a Scrum team, usually led by a Scrum master, strives to produce an increment. As part of the Scrum methodology, teams gather daily for daily Scrum (standup meetings) to review progress and improve collaboration.

What is a Scrum Board?

A Scrum Board is a management and monitoring tool used to manage and monitor your Scrum project. Visualizing your product backlog, assigning items to your sprint backlog, and seeing how work is moving in your current sprint are all made easier by this tool.

Though they might be physical boards with sticky notes or cards attached, most Scrum Boards are digital and present in many project management systems.

According to Procurify, a purchasing software start-up based in Canada, organizing their sprints with the help of a collaborative platform saved them 70% of their time. Also, with the ability to see each other’s work, team members can cooperate with people from various departments.

Scrum vs. Kanban - Scrum Board
The Scrum Board for Project Management and Monitoring

Some advantages and disadvantages of using the Scrum approach and Scrum Boards to manage your projects are as follows:

Advantages:

  • Rectifying mistakes and avoiding future problems is possible.
  • A transparent process is made available to clients, who may follow it from beginning to end.
  • The ability to measure and evaluate the individual performances of each team member. 
  • In part because of its simplicity, Scrum helps to cut off some costs that would have been inevitable if an alternative agile approach had been followed.
  • Because of the short sprints and regular feedback, it is convenient to make changes.
  • As the process becomes more flexible, you can make changes at any point in the process.

Disadvantages:

  • Because it is iterative in nature, it needs constant feedback from the team to enhance the process.
  • To accomplish this process, the team must have a high level of confidence in one another. If the governance is very rigorous, the project as a whole may fail.
  • It does not have a predetermined time limit or cost valuation, which may require numerous sprints to produce an artifact.
  • Team members can be  under increased pressure, and they might have to devote a significant amount of time to project development.
  • It is difficult for a team member to leave throughout the procedure.
  • Scope creep may occur if no deadline is specified.

What exactly is Kanban?

To understand the difference between Scrum vs. Kanban, let’s see what Kanban is.

Kanban is another prominent Agile framework that has gained popularity recently. Unlike Scrum, however, Kanban is less time-based and is focused instead on managing the volume of work in process (WIP).

To guarantee a continual flow of productivity, the Kanban framework was created to ensure that no one on the team is overworked or overburdened. It assists project teams in reducing bottlenecks, increasing efficiency, improving quality, and increasing total productivity, among other things.

What is a Kanban Board, and how does it work?

“Planned,” “In Progress,” and “In Review” are all presented on a traditional Kanban planning board or chalkboard. After that, each delivery is put down on a sticky note and assigned to the appropriate status. The sticky note moves across the project status whiteboard as the deliverable progresses through the phases.

Scrum vs. Kanban - Kanban Board
An Illustration of the Kanban Board

The following are some advantages and disadvantages of utilizing Kanban as the development framework to manage your projects:

Advantages:

  • It assists in pushing work that is often “stuck” through to completion.
  • It’s simple to set up and put into action anywhere.
  • Workers’ workloads are clearly visible and readily adjustable.
  • It’s excellent for categorizing tasks according to who is doing them.
  • It is particularly well suited for deliverables whose status is heavily reliant on the state of the other.
  • You can rapidly assess and analyze the overall productivity of your team.

Disadvantages:

  • Because there are no time limitations, the delivery of deliverables may be more unhurried.
  • If the team is underperforming, and it is not immediately obvious to the Kanban lead, the project may easily end up in a disaster.
  • Outdated Kanban boards may harm productivity.
  • When working with the classic whiteboard organizing scheme, it might be difficult to distinguish between real work and the board itself.

Kanban vs. Scrum: What are the differences?

It is important to note that Kanban and Scrum are both project frameworks designed to assist teams in adopting the Agile methodology, values, and principles. As a result, they share several characteristics. Process improvement, team collaboration, and breaking projects down into smaller and more manageable portions are all encouraged by both frameworks.

However, when comparing Scrum vs. Kanban, we can observe that the two methodologies take quite different approaches to implementing these ideas. Five critical ways that Kanban and Scrum differ are listed below:

Scrum vs. Kanban Roles and responsibilities

There are clearly defined duties and expectations for each of the three specific roles in the Scrum methodology.

Scrum masters serve as facilitators and coaches for the team. Their role is to assist in removing bottlenecks and ensure that the team continues to move ahead on the proper course.

Product owners are in charge of developing the product roadmap and ensuring that the demands and preferences of consumers are accurately translated into functional product features.

Scrum team members are responsible for the majority of the project’s work. They are a self-managed team that is responsible for the preparation, execution, and evaluation of project sprints and their results, among other things.

Kanban does not prescribe roles in the same way that Scrum does. Team members should maintain their current roles and responsibilities according to one of the four Kanban principles. This notion holds that teams will more quickly accept the framework if they are not required to worry about changing job titles and descriptions. So, this is a major difference to highlight when reviewing Scrum vs. Kanban.

Scrum vs. Kanban: Delegation and prioritization

Delegation and prioritization are important factors to consider when comparing Scrum vs. Kanban. Scrum is a project management methodology built on the principle of self-managed teams. Because they represent the client’s demands, the product owner may eventually have the last say on which features or tasks are prioritized on the product backlog (a list of all the features, tasks, and work that has to be done on the project). However, the whole team contributes to the decision of which tasks will be done in a sprint.

Similarly, Scrum team members often have complete autonomy when doing their tasks within a given sprint. They have control over which things they work on. However, it is possible that those decisions can be affected by collective decisions at scrum meetings. And when they work on them, as long as everything is completed by the end of the sprint.

Even though Kanban supports cooperation and leadership at all levels, it does not embrace the self-managed team to the same extent as Scrum does. The fact that Kanban encourages teams to preserve their prior responsibilities means that previous team configurations often govern how delegation is handled.

A typical manager’s responsibilities include prioritizing tasks and actively managing the workflow. Depending on the situation, they may assign particular duties to specific personnel or allow them to be done on a “first come, first served” basis.

Modifications and changes

When explaining the difference between Scrum vs. Kanban, we can see that they handle modifications and changes in very different ways.

Scrum necessitates that a sprint be planned before starting, that the team performs its task, and that the sprint concludes with product delivery and evaluation. Customer feedback, problems, bugs, and desired modifications are subsequently added to the main product backlog and prioritized for inclusion in future sprints.

In most cases, changes identified in the middle of a sprint are not handled until the next one, unless they are of such a magnitude that they need to be addressed immediately,  where the sprint is terminated. The sprint duration will not alter as a result of this method. However, if there are enough change requests, extra sprints may be required to be added to the overall project schedule.

When using Kanban, it’s okay to make adjustments at any stage in the process, and making changes right away is really encouraged. Depending on the degree of the modification, this might influence the project’s timeframe.

Toyota initially developed Kanban for automobile production, and it is now widely utilized for a variety of tasks and bits of labor that are repetitive in nature. When dealing with this sort of situation, when items are interchangeable, the focus is on providing a set volume rather than a specific piece of work. It’s common practice to discard or modify a product that’s been discovered to be broken/faulty or running behind so that it can be put back into production.

Productivity measurement

Scrum measures productivity using indicators such as velocity and burndown rates.

  • In a sprint, velocity measures how much work a team does in one delivery cycle.
  • Using burndown charts, you can see how much work is still left to be done as a graph of task estimates vs time.

The combination of these tools helps highlight how productive the team has been so far and how prolific they must continue to be to finish the project on time.

It is common for Kanban to track cycles, lead times, and work in progress to gauge productivity.

When it comes to cycle time, it is the amount of time it takes a job to complete from the moment it is started. An average of how long work has been in progress is used in this calculation.

In general, lead time is a metric that counts the amount of time it takes from the moment a task is recognized or put on your Kanban board until it is finished.

Consider the following scenario: you were assigned a task on Monday morning, began working on it on Wednesday morning, and finished it by the end of the day on Friday. Using the example above, your lead time (Monday to Friday) was five days, and your cycle time was three days (Wednesday to Friday).

“Work in progress” is a metric that represents the average volume of tasks currently being worked on your Kanban board.

Scrum vs. Kanban: Due dates and delivery timelines

When comparing Scrum vs. Kanban, the due date and delivery deadline are two important elements to consider.

Scrum sprints are generally one to four weeks in duration, and at the conclusion of each sprint, a product increment is delivered. Any accompanying documents, such as training materials, would be supplied at the same time as the main package. Due dates or deliveries that fall in the middle of a sprint are slightly uncommon.

In the case of interdependent tasks allocated to the same sprint, the exception would be allowed to stand. If job B cannot begin until task A is finished, task A may be assigned an earlier due date to guarantee that both tasks are completed on time for delivery. Many times, there isn’t even a formal due date specified, and the team just handles these dependencies during their regular daily scrums.

Continuous delivery is at the heart of Kanban’s philosophy. Kanban teams often work on projects, items, or deliverables that are unrelated to one another. This allows for immediate delivery of finished products to the customer once a piece of work is done.

Teams have the option of grouping deliveries to avoid sending one item at a time. However, this is entirely up to the teams themselves. For example, you may decide to ship every Friday or every time you reach a total of 20 finished items.

Kanban’s major emphasis on cycle time and lead time, rather than which piece of work is due, tends to concentrate on cycle time and lead time. As a result, due dates are more often based on target turnaround times than on when consumers anticipate deliveries to be made available.

Scrum vs. Kanban - Comparison Summary
Scrum vs. Kanban – Comparison Summary

When it comes to planning a project, which project plan board and framework are the most effective?

Whether or not you should utilize Kanban vs. Scrum depends on the sort of project you’re working on. Scrum and Kanban are two frameworks that are best suited for projects of different types and scopes.

However, here’s a quick breakdown of the situation:

Scrum is a better framework and project planning board for one-off projects with numerous variables and uncertainties. It supports working equally well for one-off projects with deadlines as it does for other projects.

Kanban is a more effective framework and project plan board for projects that you’ve done previously or that are recurrent, include numerous deliverables, and need to keep a close watch on individual capability and performance.

Scrum vs. Kanban: Does it have to be either-or?

Scrumban is a third option that may be considered. Teams that find Kanban too flexible and Scrum too rigorous would benefit from this mix of the two frameworks, which offers a happy medium for them. And we will address this in more detail in future postings, just as we did when we examined Scrum vs. Kanban in this post.

At Treinetic, we know that change is unavoidable, no matter what project you’re working on or who you work for. Embracing an Agile approach is the first step toward boosting communication, continually refining procedures, and having that flexibility built in. Therefore, you and your team are prepared for anything that comes your way. Agile methodologies are becoming more popular.

Software Development Pricing Models

Software Development Pricing Models Comparison Guide

It takes more than simply writing code to build a new piece of software. Architecture, requirements analysis, design creation, and testing are all steps in this process. The solution is then implemented. Businesses intending to build an application should be aware of the many software development pricing models currently available on the market to make an informed decision. That way, you’ll be able to choose the best option for your project and get the most out of your collaboration with a software development firm.

In this post, we’ll look at the three main software development pricing models, as well as their variants.

It’s worth noting that there’s a huge variety in this market, with numerous models, hybrids, and even name variations. Furthermore, in the contracts prepared by software development agencies, one model may be implemented in various ways. That is why our list is far from complete. It is, nonetheless, a valuable source of knowledge about the most commonly used software development pricing models today. And with this information, you’ll be able to make informed decisions regarding the price plan for your app development.

Software Development Pricing Models and Variants 

1. Fixed-price model

Additional variants include fixed-budget, fixed-time, and fixed-scope

2. Time and material software development pricing model

An additional variant is the milestone pricing model.

3. Dedicated team

The model has three variants: offsite, onsite, and outstaffing contract.

So let’s have a look at the pros and cons of each of these software development pricing models now. 

1. Fixed-priced software development pricing model

This software development pricing model adjusts the development process based on cost and time predictions based on the project parameters. The budget, specifications, and date of delivery are fixed here. Most projects have a predetermined timeline and set of goals that serve as a basis for calculating payments.

To guarantee that the project is completed on time, it is important to clearly define the scope of the work and establish milestones for completion in advance.

Such a model, on the other hand, makes risk management problematic. It is important to remember that the provider is accountable for the whole management process in this instance. Therefore, it may not be easy to monitor the project’s progress.

During development, unexpected events may occur, including:

Every time you try to change the scope of the project, you will encounter challenges. You’ll need to modify the contract and come up with new conditions to meet your needs. Your product’s time-to-market will increase as a result of this.

If the team comes up with a brilliant new product or solution that would add significant value to your business but needs more time, they may not be able to share this information with you. And that’s because under the fixed-price software development pricing model, the original plan must be adhered to.

Because the agency can’t lose money, the team will work around the clock to meet the agreed-upon scope. In this case, you might forget about better code quality and a robust quality assurance procedure. To meet a deadline, the team must provide a specific scope of work on time; if anything unexpected comes to light, the quality will suffer the most.

The above scenarios make collaboration with your software development firm difficult. 

What are the possible outcomes?

  • Because they can’t fully use their skills and expertise, the team will only work half-heartedly.
  • Even though you’ll precisely get what you requested, it won’t be the best product you could have had.
  • You’ll have a hard time making modifications.
  • The team will not provide any ideas that would be beneficial.
  • In this case, you won’t be completely satisfied with the result because of the quality of the product.

When should you use a fixed-price software development pricing model?

  • Your project is small and has a short timeline (lasting less than two months).
  • You don’t care about being a part of the development process or having a say in how it proceeds. You’d rather agree on everything upfront and then hand the project over to the team as a whole.
  • If you wish to work with a new provider, you can set up a short pilot project to see how the firm performs before employing them for a major, long-term project.
  • For your project, you’ve got all the technical specs and a well-developed strategy, as well as wireframes, user journey maps, and user stories in place, so you’re ready to get started. Naturally, it would be beneficial if you had plenty of time to prepare these papers.
  • There is no doubt in your thoughts that the project’s requirements will not alter in the future.

What do you pay for?

So long as the fixed-price project is completed as per its initial estimates, you pay just for the amount of work agreed upon in advance.

The contract should clearly outline your and the provider’s duties, such as deliver data, feedback from testing, and quality standards. Every time you go above and beyond what was originally agreed upon, you’ll have to pay a fee.

Additional variants of the fixed-price software development pricing model include:

1. a) Fixed budget pricing model

This software development pricing model has a set budget, but the timeframe and scope of the project may be altered throughout the development process. A very limited amount of money is available for this project. Because of this, the software development company will work on building the best possible solution for this budget. Feature and scope changes are possible, but not at the expense of budget changes.

When should you use a fixed-budget software development pricing model?

  • You are on a tight budget
  • Because your product specs aren’t set in stone, and your project deadlines are open to constant optimization, you and your team may keep the project scope as fluid as necessary.

What do you pay for?

Regardless of the scope of the project or the delivery date, you pay the agreed-upon amount.

1. b) Fixed-time software development pricing model

It focuses on a team’s ability to provide the product on time. Project parameters like scope and budget may be adjusted, but the deadline for delivering a solution remains fixed.

When is a fixed-time model appropriate?

  • The most important factor is time, which you estimate to be two months in most cases. Do as much as possible at that time.
  • Getting your product out into the world quickly is something you’re after.
  • You expect the solution to be completed within the given period.

What do you pay for?

When you hire a team, you pay for the number of hours they work on your project within the agreed-upon period.

1. c) Fixed-scope software development pricing model

The project scope is set in this model and cannot be amended throughout the project. Nevertheless, the team has some discretion under your guidance in terms of product delivery timelines and budgets.

When should you use a fixed scope pricing model?

  • You’re looking for a specific product, and you know precisely what you want.
  • Your team may constantly adjust both your delivery time and your budget based on your needs.

What do you pay for?

When you hire a team, you’re paying for the time it takes to complete the agreed-upon scope of work.

Fixed-Priced Model
The Fixed-Priced Model Comes with Several Benefits for Short-Term Development Projects

2. Time and material software development pricing model

The time spent on your project and the cost of the materials are accounted for in the time and material software development pricing model. Contracts like this one provide a great deal of time, scope, and financial flexibility, although early estimates have been established. Payments are paid regularly, such as once a month, for example.

The main benefit is that this software development pricing model enables you to easily adjust the requirements and change the work plan without incurring any high costs. This pricing model is an ideal fit for software development teams using current agile approaches (such as the Scrum methodology.)

Furthermore, you’ll be able to track the progress of the team during the whole development process. In this way, you have a better chance of obtaining exactly what you’ve been looking for.

When to use a time and material software development pricing model?

  • You have a hard time figuring out the final specifications of your product at the outset.
  • You’d want to get started on development as soon as possible.
  • You’re hoping to have a say in how big the project will be and how much money you’ll be able to spend.
  • In order to ensure its success, you wish to be an actively involved product owner who has a significant impact on the development of the application. 
  • Project specs and requirements are constantly evolving.
  • You don’t have a set deadline for the project.
  • It will take more than a stated number of months to develop your product. .

What do you pay for?

In this software development pricing model, you pay for the real time the team spends on particular tasks and the cost of everything they use to deliver your product in this pricing model (e.g., access to a specific tool).

Another variation of the time and material pricing model for software development is:

2. a) The milestone pricing model

The scope, price, and time frame of the project are all flexible and adjustable. For example, the client gets invoiced after the service provider has completed the task in a certain time frame, accomplishing an agreed-upon milestone. Good news: You have to pay for basic features and approve each milestone before work can proceed in this model.

When should you use a milestone software development pricing model?

  • You have a solid working relationship with the service provider.
  • There’s an established relationship with the provider that reduces both time and the risk of disputes by streamlining the acceptance process.

What do you pay for?

You pay for the development of certain features within a previously set milestone in this model. The amount directly reflects the time invested by the provider’s team in achieving a certain goal.

Software Development Pricing Models - Time & Materials
The Process of the Time and Material Development Model

3. Dedicated team software development pricing model

For a dedicated team, you pay for the time the team members spend working for you. Management of your work is your responsibility. The pricing is based on the hourly rates of the specialized team’s developers. It includes the monthly wages of all employees recruited, plus additional administrative costs.

Using this software development pricing model, you have a great deal of control over the team and can manage them, such as determining the workload. You also receive the privilege to pick your team members from a list of possible candidates provided by the service provider.

This model is comparable to forming an in-house team, except that you can increase or decrease the number of team members. For one thing, you don’t have to hire people and spend money on things like vacations and workspaces for them. As a result, you can flexibly increase or decrease the size of your team over time.

What do you pay for?

For a dedicated team, the monthly salary for each employee is included, as well as additional fees for administrative purposes (called the “management fee”). Monthly payments are the standard. The contract should specify the salary and the fee. You’ll know the monthly cost of your project based on the team’s makeup.

This software development pricing model comes in three variants:

3. a) Offsite dedicated team software development pricing model

In the offsite model, the team works on the premises of the provider, and it is common for the development team to be based in another country.

When should you use an offsite dedicated team software development pricing model?

Same as the dedicated team price model, but with the addition of:

  • You’re planning a long-term project with unclear requirements.
  • For a large in-house project, you’re looking for a solution that doesn’t require hiring full-time employees.
  • You’re OK with the fact that you’ll be managing the team remotely.
  • Process management is a skill that you have, or you have a team member responsible for it.

What do you pay for?

Same as the dedicated team software development pricing model.

3. b) Onsite dedicated team pricing model

The development team collaborates closely with the rest of your in-house team members on your premises.

When to use an onsite dedicated team software development pricing model:

  • You want to start a long-term project with unclear requirements.
  • Your company has a large in-house project, and you’d want to boost your internal team, but you don’t want to recruit additional full-time employees.
  • Face-to-face contact is vital to you, and you want to work with the team in the same place.

What do you pay for?

The price plan is similar to that of a dedicated team software development pricing model.

In the dedicated team models, the team may have a project manager assigned to it by the service provider. This individual will report to you or the person in charge of the project at your company. It all comes down to the terms you agree to.

3. c) Outstaffing contract pricing model

Hire a team from an outstaffing service to work on your project at either your office or the provider’s.

An outstaffing provider identifies the team members you need based on the number and qualifications of the team members you specify. Teamwork is similar to an in-house team, except that the provider takes care of administrative duties.

This software development pricing model closely resembles the dedicated team model. Here, you don’t use a software agency to find developers but rather an outstaffing provider.

Note: If you assign the duty of recruiting engineers to a software development business, the team may develop a set of methods and workflows that may be used for your project to increase team member productivity. This isn’t something you’ll often find with an outstaffing service.

When should you use an outstaffing contract software development pricing model?

  • You’re about to embark on a major project with unclear requirements.
  • This means that you’re prepared to manage your team and assign duties to team members.
  • An outstaffing service may avoid the need to look for a software house; instead, you may choose to employ their services.
  • You have a large internal project and want to strengthen your internal team to produce a great product—but you don’t want to recruit more full-time professionals.

What do you pay for?

It is no different from a dedicated team software development pricing structure.

Software Development Pricing Models - Dedicated Teams
The Dedicated Team Model Is a Good Choice for Complex, Long-Term Development Projects

Wrapping things up: how to choose the right pricing model for software development?

There are pros and cons to each of the pricing models mentioned. It’s up to you to make the final choice based on the requirements of both your project and your business.

These are the most important considerations:

  • The complexity of your project
  • How many employees would you want to get on board?
  • Your budget?
  • Duration of the project
  • What level of control do you expect to have over the team?

Fixed-price models and their variants aren’t worth considering for long-term projects. 

Treinetic’s Thoughts on Software Development Pricing Models

Because we mostly work on long-term projects, we often employ time and material software development pricing models. Our years of expertise in the industry have convinced us that this contract is the best option for developing mobile and web applications.

Are you looking for an award-winning team of experts that can help you get your idea off the ground? Get in touch with one of our experts now. We assist businesses like yours in determining the most appropriate software development pricing and cooperation models for their needs.

React Native VS Flutter - What to Choose in 2021

React Native VS Flutter: What to Choose in 2021

Do you wish to speed up the development of your apps? Cross-platform development may save you money, but which of the two technologies – React Native VS Flutter – should you use? According to Statista, React Native and Flutter have been the most popular cross-platform mobile app development frameworks for the last two years. Their adoption rate keeps increasing, and they’ve already surpassed their competitors.

We’ll go further into the Flutter vs. React Native debate and ask the experts which is the best for 2021 app development and why.

Flutter VS React Native: A Developer’s Perspective

React Native is a Facebook-initiated project that the company made open-source in 2015. On the other hand, Google launched a project called Flutter in 2017, which they have successfully pushed ever since. In both cases, app developers may use a single programming language to create cross-platform applications more quickly. There is already a large community for React Native, but Flutter has been gaining popularity since 2017.

React Native VS Flutter Overview
React Native VS Flutter – A Quick Overview

We’ll look at different factors to see how they compare in this article:

  • Programming language
  • Technical architecture
  • Installation
  • Setup and project configuration
  • UI components and the development API
  • Developer productivity
  • Community support
  • Build and release automation support

With our criteria established, it’s time to go further and learn more about each of them in-depth.

React Native VS Flutter: Programming Languages

Using cross-platform mobile app development, you can create applications for iOS and Android with a single programming language.

React Native — JavaScript

React Native is a cross-platform application development framework that makes use of JavaScript. At present, JavaScript is a highly popular language in the web community. It is often used with other well-known JavaScript frameworks like React. Web developers can now create mobile applications with little training, thanks to React Native. As a result, businesses embraced React Native without hesitation. Dynamically typed programming languages like JavaScript allow you to accomplish almost anything. This is both good and problematic.

Flutter — Dart

Flutter makes use of a programming language developed by Google in 2011. Dart’s syntax is simple to grasp for JavaScript or Java developers since it supports most object-oriented ideas. Dart’s official website has excellent, simple-to-follow documentation that makes getting started with the language a breeze.

React Native VS Flutter: Programming Language Analysis & Results

Most web developers utilize JavaScript, making it simple to switch to the React Native framework. Dart has a robust feature set, but it is less widely used and less well-known in the development community. This means that when comparing React Native VS Flutter, React Native comes out on top in the programming language stakes.

Score: React Native 1 — Flutter 0

React Native VS Flutter: Technical Architecture

Technical architecture is an important factor to consider when selecting a cross-platform mobile app development framework. We can make an informed choice and choose the framework that is best for our project if we are aware of the framework’s internals.

React Native — Flux

The React Native architecture is heavily reliant on the architecture of the JS runtime environment, namely the JavaScript bridge. At runtime, the JavaScript code is compiled into native code. React Native takes advantage of Facebook’s architecture. To put it another way, React Native communicates with the native modules through a JavaScript bridge.

Flutter 

Flutter comprises two main components: a software development kit (SDK) and a framework with a widget-based UI library.

In a nutshell, a framework is a widget-based UI library that includes reusable UI elements like sliders, buttons, and text inputs, among other things. Depending on your requirements, you may subsequently customize these elements further.

An SDK is a collection of tools for creating apps and compiling them into native machine code for iOS and Android.

Flutter requires the Dart programming language, which Google developed in October 2011. It has evolved significantly since then, and it is still one of the best options for creating mobile and web apps today.

C++ is the predominant programming language for the Flutter engine, which remains at the heart of the framework. The low-level implementation of the Flutter API, such as accessibility support, the Dart runtime, graphics text layout, and plugin architecture, is the engine’s responsibility.

React Native VS Flutter Technical Architecture
React Native VS Flutter Technical Architecture Comparison

Analysis & Results

There isn’t always a requirement for a bridge when using the Flutter engine since most of the native components are already in the framework. However, React Native communicates with native modules through the JavaScript bridge, resulting in subpar performance. As a result, Flutter emerged victorious in the contest against React Native. So far, it’s a tie between React Native VS Flutter.

Score: React Native 1 — Flutter 1

React Native VS Flutter Installation

Developers who are just getting started should quickly understand the installation process, and it shouldn’t have too many stages.

React Native — NPM

To get started with the React Native framework, download and run the node package manager (NPM). Installing React Native is simple for JavaScript developers. Nevertheless, other developers will have to learn how to use the node package manager. You can install the packages locally or globally using the node package manager. The developers will need to know the precise location of the binary. We’ll also need the package manager on macOS when installing React Native.

Flutter — Binary download 

To get started with Flutter, go to the Flutter website or Github and download the binaries for your platform of choice. On macOS, we must download the Flutter.zip file and add it to the PATH variable. To save users from having to go through these additional steps during installation, Flutter should support package managers such as Homebrew, MacPorts, YUM, APT, and so on. 

Analysis & Results

Neither Flutter nor React Native have a native package management one-liner installation for a specific OS. However, it seems that installing Flutter entails additional steps. Installing React Native doesn’t need downloading the binary; package managers may take care of it for you.  

Score: React Native 2 — Flutter 1

React Native VS Flutter Setup and Project Configuration

It takes time to set up the new framework on the developer’s machine. Configuration of software installations is necessary for droves to accomplish this task. To get people up and running quickly, the technology should come with thorough instructions and documentation.

React Native

The React Native project’s getting started guide assumes that the developer already has all of the necessary setups for iOS and Android creation. There isn’t much information about the Xcode command-line tools, but it won’t be enough to get you started. The manual goes right to the stage of creating a new project.

Flutter

For iOS and Android, the Flutter Getting Started Guide includes comprehensive instructions on setting up the IDE and platforms. Flutter install on macOS has all the info you need. The flutter doctor command-line tool is included with the framework and walks developers through the setup process to make things even easier. It examines the local system to see which tools are already installed and which ones need to be set up. We can proceed with building a new Flutter app if the flutter doctor command is happy.

Analysis & Results

The comparison between React Native VS Flutter shows that Flutter has superior documentation and CLI tools for setup and configuration. Thus, it’s obvious which one to choose in this case.

Score: React Native 2 — Flutter 2

UI Components and Development API

Support for native components is critical when developing cross-platform mobile applications. Our app won’t feel like a native one if it doesn’t have native component support. An API is necessary for the framework to access the native components easily.

React Native — Fewer components

UI rendering and device access APIs are the only features provided by the basic React Native framework. React Native relies on third-party libraries to access most native modules. Too many third-party libraries are necessary for React Native to work properly. There is a comprehensive collection of development tools and official APIs available.

Flutter — Rich in components

In addition to UI rendering components, the Flutter framework comes with many libraries and API access. Because of this comprehensive collection of components, third-party libraries are no longer necessary. You’ll get everything you need to build mobile applications if you get the Flutter framework. The Material Design and Cupertino features in Flutter simplify developers to design an app’s user interface for iOS and Android.

Analysis & Results

While React Native relies heavily on third-party libraries, Flutter has robust developer APIs and UI components. As a result, in the debate between React Native VS Flutter, Flutter emerges victorious once again.

Score: React Native 2 — Flutter 3

React Native VS Flutter: Developer Productivity

The ability to create applications more quickly relies on developer productivity. As a result, it’s critical to keep your focus only on app development at all times.

React Native

If a developer is proficient in JavaScript, creating cross-platform apps will be a breeze. The hot reload functionality in React Native saves developers a lot of time when testing UI changes. Developers may use whatever text editor or IDE they choose as far as IDE support is concerned.

Flutter

Flutter also includes a hot reload function, and the sample app is incredibly simple to use. However, as applications get more complicated, developers will become familiar with and implement the new Flutter ideas. Additionally, Dart is not a widely-used programming language, and many integrated development environments (IDEs) and text editors lack support for it.

Analysis & Results

React Native, being a mature framework, offers excellent developer support in Integrated Development Environments (IDEs) and language capabilities. As the Flutter community develops, so will Flutter’s popularity, which is still relatively young. And this levels the scores between React Native VS Flutter.

Score: React Native 3 — Flutter 3

React Native VS Flutter: Community Support

Developers create a community to exchange knowledge when they show an interest in new technology and incorporate it into their development process. Developers benefit from a robust community when they can learn from one another and work through issues they are experiencing.

React Native

When React Native was first released in 2015, it quickly garnered traction among developers. There is a global React Native developer community with many meetings and conferences. One of the most prominent React Native conferences took place in Poland, and there are meetings in nearly every major city across the globe.

Flutter

Flutter has been around for a while, but Google’s promotion during the 2017 Google I/O conference brought it to greater recognition. Flutter’s user base continues to expand at a fast pace. Online get-togethers and conferences are becoming more common. In 2018, Google announced the release of Flutter 1.0, which was the most significant to date. While the Flutter community is expanding quickly, there aren’t enough tools available for developers to address the most pressing problems they’re encountering.

Comparing the most common communication routes for each tool is important, so we’ve included some additional information:

React Native VS Flutter Community Statistics
React Native and Flutter Community Figures

Analysis & Results 

Since the introduction of the framework, the React Native community and its resources have expanded significantly. Flutter is a newer framework as compared to React Native, yet it has a burgeoning community. All in all, React Native gets the nod here.

Score: React Native 4 — Flutter 3

React Native VS Flutter Testing support

An excellent approach to receiving immediate feedback on your code is to write tests for it. Every mature technology has a testing framework that enables developers to create unit, integration, and user interface tests.

React Native

A few unit-level testing frameworks in JavaScript are available for React Native, which is a JavaScript framework. Snapshot testing is possible using these technologies. However, React Native does not provide proper support for integration or UI-level testing. Official support for third-party testing tools for React Native is not available.

Flutter

Testing applications at the unit, widget, and integration levels is a snap with Flutter’s robust collection of testing tools. Flutter’s testing documentation is excellent. Flutter offers a fantastic feature that allows us to build UI widget tests and run them at the pace of unit tests to verify that they work as expected.

Analysis & Results 

In contrast, to React Native, the Flutter community offers excellent documentation and a robust set of testing tools. As a result, React Native loses ground to Flutter in the debate.

Score: React Native 4 — Flutter 4

Build and Release Automation Support

The process of releasing a mobile app to the App Store or Google Play Store is difficult. It entails the challenging job of digitally signing every other piece of software. Cross-platform mobile app development, on the other hand, becomes much more difficult.

React Native

There are no automated procedures for deploying iOS applications to the App Store in the official React Native instructions. However, it allows you to deploy the app directly from Xcode. In the meantime, we can utilize technologies like Fastlane to deploy React Native-written iOS and Android applications. All in all, React Native must depend on third-party libraries to automate development and release processes.

Flutter

Using Flutter’s command-line interface is a snap. Using the command line tools and the instructions in the Flutter manual for building and publishing applications, we can generate a binary of the app. Additionally, Flutter has detailed the deployment procedure officially using Fastlane.

Analysis & Results

To deploy applications from the command line, you may utilize Flutter’s powerful build automation tools. The official build automation CLI tools are not supported in React Native applications. So, in the battle of React Native VS Flutter, Flutter emerged victoriously.

Score: React Native 4 — Flutter 5

Let’s take a look at some of the most popular applications created using each framework.

Popular Apps Developed Using React Native and Flutter
Popular Apps Developed Using React Native and Flutter

Flutter and React Native have some big names on their sides when comparing them.

So, when considering final scores (React Native 4 VS Flutter 5,) Flutter emerged victorious in this contest even though the race was very tight. Although React Native gave it their all, Flutter came out on top in today’s competition.

Final Thoughts from Treinetic

Flutter is attracting an increasing number of businesses. The Flutter SDK is becoming better every month as Google works to make it even better. In addition, the people in the community are kind and supportive at all times. As a bonus, we can build mobile apps and web and desktop apps using Flutter (the desktop support for Flutter is in beta on the stable channel).

When everything is said and done, the future of Flutter seems bright, especially because major corporations like Alibaba are already utilizing it. As for React Native, Facebook is presently re-architecting the technology on a big scale. We can assist you if you plan on creating mobile (or web) applications for several platforms at the same time. When it comes to framework compatibility, Treinetic is adept at both Flutter as well as React Native. If you’re interested in such a partnership, please let us know, and we’ll get in touch with you to work out the specifics.

How to Write an SRS Document

How to Write an SRS Document | The Comprehensive Guide

So, you have come to the point of pondering how to write an SRS document? Congratulations! Yes, effectively developing a business means making the most available resources while also aiming for more. This is the goal of every business owner. And this is particularly true in light of the fierce rivalry that exists today.

The success of a company is impossible without the use of the software. And the recent statistics prove this fact better in today’s world. For example, Statista estimates that over $5.2 trillion is spent annually across the world on enterprise software. Therefore, it’s critical to spell out all of the software needs in detail. That’s why we’re here to guide find answers to the question: how to write an SRS document. The design and development processes will benefit greatly from the information provided in this paper. Let’s see how we can write that important document without making a single mistake. 

What Is an (SRS) Document?

A software requirements specification (SRS) document outlines what the software will accomplish and how well it will function under certain conditions. Additionally, it specifies the features the product must have to satisfy the requirements of all parties involved (business and end-users).

Typical elements of an SRS report include:

  • A purpose
  • Specific requirements
  • An overall description

The ideal SRS documents explain how software interacts with hardware and other software when embedded in or linked to them. Additionally, excellent SRS documents account for actual end-users.

Elements of SRS Document
An SRS Document Includes Several Critical Elements

What’s the Point of Using an SRS Report?

A software requirements specification serves as the foundation for your whole project. It establishes the guidelines that all development teams must adhere to. Using it, various teams — development, QA, operations, and maintenance — have access to important information. Therefore, this ensures that everyone is on the same page and understands what is expected of them.

Having recourse to the SRS ensures that all criteria are met. It may also assist you in making choices regarding the lifecycle of your product, such as when to retire a feature.

Writing an SRS may help reduce the total time and expenses of development. An SRS is particularly useful for embedded development teams.

How Can You Collect Information for the SRS Document?

You can do the following to gather critical data:

  • Brainstorming: Connecting with all important stakeholders and developing an action plan together is a fantastic idea.
  • Poll: Questions that are either standard or unusual.
  • Analyzing documents: To learn all there is to know about this project, you can (and should!) read everything available to you.
  • Prototyping: It provides a solution to the mystery around how the product will function.
  • Maps: An orderly progression of concepts.
  • Unser input: The input of the user is critical to the document’s proper writing.
  • Requirements: This also starts with a discussion of the criteria for cross-functional products.

How to Write an SRS Document?

Here are the stages to writing a successful SRS document:

1. Create an Outline (Or You Can Use an SRS Template)

Creating an overview for your software requirements specification should be your first step. It’s possible you came up with this idea on your own. You may also utilize a pre-existing SRS template if you want.

As an example, if you’re building something from scratch, your outline could look something like this:

1. Introduction 

1.1 The purpose

1.2 Who Is It For?

1.3 Intended Use

1.4 Scope

1.5 Acronyms and Definitions

2. Overall Description

2.1 Needs of the User

2.2 Assumptions and Dependencies

3. System requirements and Features 

3.1 Requirements for Functionality

3.2. Requirements for the External Interface

3.3 System Features

3.4 Nonfunctional Requirements

Start adding in the details after you have a basic outline.

2. Start With a Purpose

An effective SRS must begin with a solid introduction. It’s a great way to get people excited about the final result. Therefore, begin by defining the product’s purpose.

Intended Audience and Use

Decide who in your company will have access to the SRS and how they should utilize it. Developers, testers, and project managers may all fall under this group. People from other divisions, such as the executive team, sales, or marketing, may also take part.

Scope of the Product

Describe the software you’re recommending to the consumer. Include the advantages, aims, and objectives as well. If teams outside of development have access to the SRS, this should be tied to business objectives as a whole.

Acronyms and Definitions

To be on the safe side, define the risk. Many developers — particularly those working on safety-critical development teams — prioritize avoiding risk.

3. Give an Overview of What You’ll develop

It’s time for you to be specific about what you want to create next. Is this a new version of anything that already exists? Is it a brand-new product, or it’s an add-on to an existing product of yours? It’s critical to explain them upfront so that everyone understands what you’re working with. Describe why and who you’re creating it for, if possible.

User Needs

There must be a consideration for the requirements of users, often known as user classifications and characteristics. Determine who will utilize the product and in what capacity before moving forward with any further planning efforts.

The product will likely have both main and secondary users. You may also have to describe the requirements of a different product buyer (who may not be a primary or secondary consumer). And, for example, if you’re developing a medical product, you’ll need to explain the patient’s requirements.

Steps to Define User Need - SRS Document
An SRS Document Must Define User Needs to All Parties Involved

Assumptions and Dependencies

In some of these cases, you may not be able to meet the criteria set out in your SRS. What are the factors in this scenario? Are you making any assumptions about the SRS that may be wrong? Those are other things to put in this.

Last but not least, be aware of whether or not your project is reliant on outside factors. This may contain software components from another project that you’re utilizing.

4. Detail Your Specific Requirements

For your software development team, the following part is very important. This is where you’ll go into depth about the specifics of how your product will be built.

Functional Requirements

To create a successful product, you must consider functional requirements. These needs may include infusion and battery if you’re working on a medical device. You may also have a subset of needs and risks within these functional criteria.

External Interface Requirements

External interface requirements are a subset of functional requirements. Embedded systems need them as well as outlining any interfaces your product will have with other components.

There are a variety of interfaces for which you may have specifications, including:

  • User
  • Hardware
  • Software
  • Communications

System Features

Functional requirements may take many forms, including system features. These are features that a system must have to function.

Other Nonfunctional Requirements

Requirements that aren’t strictly functional may be equally as essential as those that are. Some examples are as follows:

  • Performance
  • Safety
  • Security
  • Quality

Depending on your business, the significance of this kind of requirement may vary. In the medical device sector, for example, safety standards will be essential. If you’re a member of IEEE, they can also help you with creating software requirements specifications.

Types of Software Requirements
Specific Software Requirements Very Important for Your Development Team

5. Getting the Approval 

After you’ve finished the SRS, you’ll need to get key stakeholders to approve it. Also, everyone must read the most recent version of the document.  

Benefits of Great Software Requirements

Now that you know the answers to “how to write an SRS document,” let’s get to know the benefits of getting it right. If your SRS document is well-written, you may save time by avoiding mistakes and inaccuracies while working with all the key players in the process, such as developers.

Comprehensive documentation makes it possible for all parties involved to assess where things are right now, set goals and objectives, and agree on how things should be done going forward. The design process is streamlined since the SRS is accessible to the key players. Redesign costs that weren’t budgeted are kept to a minimum.

SRS also helps with the following:

  • Aiming to improve the accuracy of cost and time estimations
  • Easing the software’s transition from the development stage to the production phase
  • Consistent and efficient coordination of activities across all participants
  • Increasing developer, customer, and management interaction
  • To avoid expensive replacement at a later time
  • Cutting down on the amount of time and effort spent on development

Get in Touch with an Award-Winning Software Engineering Company

When working on software development projects, it’s critical to know how to write SRS document that outlines all of the project’s major goals, objectives, and requirements. This serves as a road map for all project partners, ensuring that the final product fulfills all customers’ requirements to the full degree possible. The SRS document’s structure must be made crystal-clear.

It will be impossible to predict the finish date without a well-written SRS before beginning work. Moreover, it is possible to lay down all the information, perform a competitive analysis, and create explicit project tasks using the SRS document. Okay, you may need our help in this regard, in which case, please contact us. As a multi-award-winning software engineering firm, we can create custom software to meet your business needs. If you’re considering software solutions, please get in touch with us.

Mobile Application Development Process

Mobile App Development Process Comprehensive Guide

As the year 2021 draws to a close, let’s take a look at the vast world of mobile apps. The yearly app income has reportedly surpassed $111 billion, according to Business of Apps. Furthermore, Transparency Market Research predicts that enterprise mobility will be valued at $510.39 billion by 2022. The number of apps available on Google Play and Apple’s App Store has also increased dramatically. Not only that, but numerous new trends are emerging in the mobile app development process.

Many companies are trying to capitalize on this development trend, but very few can build a profitable app. Only if your company has a well-honed mobile app development process will it succeed in these growth predictions’ competitive landscape.

It is essential to have a process flow for app development that includes several distinct stages. Each one will be examined in detail in this post.

Mobile App Development Process – Step by Step Review

Step 1: Explore Your App Idea

Every mobile app development process begins with a concept, despite how obvious it may seem. Having a clear vision for an application takes a lot of time spent on research. 

Do you have a firm grasp of your app concept? If that’s the case, you’re ready to go on to the next stage. If you’re still unsure, ask yourself the following five questions:

  1. Is there a specific objective you’re trying to achieve with your app?
  2. What issues do you want to address with your app?
  3. Who is the intended audience for this project?
  4. What makes your application stand out from the rest?
  5. How long do you expect users to use your app for?

You’ll be ready to develop your app strategy and carry out market research following the steps mentioned above. Preparing for a mobile app strategy requires the same amount of thought as going on a vacation.

You’ll need to perform a lot of market research, select the best options for your app, and then map up a timeline and budget for it. Learn about your target market’s challenges and current market developments. After that, your application must provide a solution to the issues the user is experiencing.

Analyze and consider the advantages that your product provides for both you and your clients. In other words, research the market to discover a lucrative niche.

Finding a Profitable Mobile App Idea
Finding a Profitable App Idea Is One of the Most Critical Steps

Step 2: Build Your Strategy

Even though it may seem feasible to go right into app development without doing all of the necessary market research, it’s better to take your time and understand the big picture first. You may believe that your concept is unique and that no one else has ever thought of it. Simple Google searches, on the other hand, may leave you disappointed and provide you with many better options from prospective rivals. However, this may be a hint of good things to come. And this is because having a solid group of rivals will help: 

  • Educate you on your own niche’s app market landscape.
  • Show your mobile app’s interest to prospective consumers

This enables you to study your competitor’s apps and learn from your “rival” by studying how they execute certain ideas and answer user needs. Therefore, you’ll be able to learn about the market, pick out the best of it, and improve it.

If you’re looking into the mobile app development process, there are a few places you may not think to look. But they can offer you the greatest possible input on your upcoming mobile app:

Google Play and iOs app stores: Your best bet will be to look at the two most popular marketplaces for mobile apps to get a sense of app demand and popularity.

Kickstarter: With over a million projects already funded on Kickstarter, it’s easy to see what people want.

Step 3: NDA Signing

Online or offline, security is paramount for any business. You should thus sign an NDA with the right development company you want to employ before starting your mobile app development.

Before beginning development, the majority of the best app development firms have their clients sign an NDA. The NDA includes all information about your application development, and the company must furnish you with everything included in the NDA.

There are a few things you should keep in mind while drafting an NDA, and we’ve included them below to help you understand better:

  • The names of the individuals or organizations that signed the contract.
  • The length of time the project will take to complete.
  • In this case, it’s classified as confidential information.
  • Are there any confidentiality exclusions?
  • The project idea remains secure.
  • A declaration about the proper handling of confidential information.
  • Defining the project’s scope, method of communication, application features, technology stack, references/annexures, delivery phase milestones, scrum meetings, and file sharing, among other things.

Step 4 of the Mobile App Development Process: UI/UX Design

The design of an app strives to provide a smooth and easy user experience with a professional look. User adoption and usage of all the features of a mobile app determine its success or failure. Providing great user experiences and making your app engaging, intuitive, and user-friendly are the prime aims of mobile app UI/UX design.

While a well-designed user interface may aid in early adoption, your application must have a smart user experience to keep consumers interested. Users expect smooth and easy app experiences and an attractive visual design when they use an app.

Information Architecture & Workflows

If you want to build a successful app, you must first determine what data it will provide to its users and what data it will collect. Moreover, you must determine how users will interact with it.  

Mobile enterprise solutions for companies include users with various responsibilities and rights, and it is important to include these rules as part of the information architecture of your app. It is possible to see all of a user’s interactions with the app by using workflow diagrams.

Wireframes

Sketches on paper are commonplace for mobile app designers to begin the design process. A wireframe is a digital representation of a sketch. You may also call wireframes “low-fidelity mockups” since they help you visualize the functionality of your application.

The design and user experience are more important in wireframes than color schemes and styles. Iterating via wireframes throughout the design review process is a fast and cost-effective way to develop app layouts. When designing wireframes, keep in mind the device-specific aspects of the final product. If you have an iPhone, iPad, Android phone, or tablet app, it will offer a device-specific user experience that is easy to use.

Mobile Application Development Process - Wireframes
Wireframes Help You Visualize the Functionality of Mobile Apps

Style Guide

Style guides serve as “living documents,” documenting everything from your company’s branding guidelines to the app’s navigation symbols when it comes to app design.

Among the things you’ll find in a style guide are:

  • Do you plan on using a certain font family for the text in your app?
  • What color scheme do you have in mind?
  • What role will your company’s logo play in the app’s design?

Style guidelines help with the design approach of an app. Having a style guide in place from the start of your mobile app development process helps your developers work more efficiently. On the other hand, following a style guide will assist in maintaining the uniformity of your app’s look and feel. As part of your app design, you should examine Apple’s standards for iOS applications and Google’s guidelines for Android applications.

Mockups

These are the ultimate visual representations of your app’s visual design, often known as mockups or high-fidelity designs. Wireframes are used to generate mockups, which are then styled according to your style guide. Your app’s design will continue to evolve as it nears completion. Therefore,  anticipate changes to the workflow, information architecture, and aesthetics. The most common tool for generating high-fidelity mockups is Adobe Photoshop.

Prototype

Prototypes help replicate the end user’s experience and the app’s workflows. Prototyping takes time, but it’s well worth it since it allows you to test your app’s design and function early. Prototypes are useful tools for spotting potential changes to an app’s functionality.

During the wireframing stage, certain businesses prefer prototyping, particularly when the functional requirements of an app are not fully thought out. Alternatively, a focus group needs to examine the app’s planned functionality.

Step 5: Mobile App Development

This stage of mobile app development is still heavily reliant on planning. Before you begin any real development or programming work, you must first complete the following steps:

  • Decide on a technological framework
  • Choose a set of technologies
  • Set development milestones and stick to them
  • Backend/server technology, APIs, and the mobile app front-end are the three main components of a typical mobile app project.

Back-End/Server Technology

This part includes server-side objects and databases required to support the functionality of your mobile application. If you are modifying an existing backend platform to support mobile functionality, changes may be necessary.

API

An API is a way for an app to communicate with a backend server. 

The Front-End of a Mobile Application

In the front-end, an end-user sees and interacts with the native mobile app. Mobile applications are interactive user experiences that manage data through an API to communicate with a backend in most scenarios. Some apps employ local data storage when they need to enable users to operate without an internet connection.

Step 6: Testing the App

Stability, usability, and security are improved with extensive quality assurance (QA) testing done throughout the mobile app development process. It would help if you first created test cases that covered all areas of app testing to guarantee thorough QA testing of your app.

Test cases drive mobile app testing in the same way that use cases drive mobile app development. In software testing, test cases guide the execution of tests, document the testing results, and monitor the outcomes of subsequent retesting. Getting your QA team involved in the analysis and design phases is an excellent practice. An understanding of the functional requirements and goals of your app will aid in creating realistic test scenarios.

Your app should go through the following testing procedures to provide high-quality and reliable solutions.

User Experience Testing

The final implementation must reflect the app design team’s user experience for mobile app testing to be successful. Your app’s visuals, process, and interaction will all impact how your customers perceive it when they download it for the first time. The fonts, style treatments, and color schemes in your app should all be the same, as should the padding between data and the icon design and navigation. If your application follows the original design principles, users will be more likely to adopt it.

Functional Testing

The success of your mobile app is directly related to the precision with which it performs its functions. Many users should test your app’s functioning to cover as many different testing circumstances as possible. And this is because it’s impossible to anticipate every end user’s behavior and use scenarios in advance. One way to discover problems is to have two people test the identical functionality and report back with their findings that are drastically different. Both users may, for example, complete the same form but input different data, which leads to the discovery of a flaw.

Performance Testing

The performance of your app may be evaluated quantitatively using a wide range of parameters:

  • In what ways does your app meet or exceed the expectations of its users?
  • What is the speed of the app’s screen load?
  • How much does your app use battery and memory?
  • Is your app making effective use of the available network bandwidth?
  • Is your app using up more space than it should?

Use a load simulator to simulate the maximum number of concurrent users once your app meets the fundamental performance requirements. Your app must be able to withstand high use and still function properly.

Testing for Security Vulnerabilities

Mobile business applications are very concerned about security. A hacker may exploit any weakness to get access to your personal information. Many businesses contract with third-party security testing firms to ensure the security of their applications. A few easy steps taken by your QA and development teams may help protect your application.

Testing of Devices and Platforms

Every 12 months, new mobile devices with updated hardware, software, and designs hit the market. There are frequent updates to mobile operating systems. Many mobile device makers utilize Android as a base, but they modify it to work with their own devices (since Android is open source). The devices come in various forms and sizes.

New Mobile Application Testing
Comprehensive Testing Is Essential to Detect Performance Issues and Security Vulnerabilities

Step 7: Deployment & Support

App marketplaces such as the Apple App Store and Google Play accept native mobile applications only if submitted for review. Before launching your mobile app, you’ll need an Apple Developer Account or a Google Play Store Account.

The publication of an app in the app store necessitates the preparation of metadata, which includes the following:

  • The title of your app
  • Description
  • Category
  • Keywords
  • The Launch Icon
  • Screenshots taken from the Apple App Store

The review process for iOS applications begins after they are submitted to the Apple App Store and may take anywhere from a few days to several weeks, depending on the quality of your app and how closely you adhere to Apple’s iOS development standards. Apple needs a test user account as part of the release process if your application requires users to log in.

When you submit an Android app to the Google Play Store, it can take up to 3-7 days for approval. 

Once your app is out in the app stores, use mobile analytics tools to keep tabs on users and measure Key Performance Indicators (KPIs) to determine how successful it has been. Always keep an eye out for crash reports and other problems that users have brought to your attention.

Launching the New Mobile App
A Robust Launching Approach Is Also One of the Critical Steps of the App Development Process

Conclusion

After the first launch, app development will continue as you incorporate input from users and add new features. Treinetic is an award-winning mobile app development company. Over the years, we’ve worked with a wide range of businesses to build mobile apps.

We go through the same comprehensive mobile app development process to ensure consistency across all of our mobile applications. If you follow this enterprise mobile app development process, your app will have a successful launch. What questions do you have now that you’ve learned about the mobile app development process?

Please get in touch with us if you have any thoughts or suggestions. And reach us if you’d like to talk about your app development plans.