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Transforming Quantox’s Managed IT Services with Dušan Milojević
November 23, 2022
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by
Aleksandra Dzinovic
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New Head of Managed IT Services opening new paths and opportunities for Quantox Quantox is dedicated toward providing organizations with a solution for system monitoring and management
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New Head of Managed IT Services opening new paths and opportunities for Quantox

Quantox is dedicated toward providing organizations with a solution for system monitoring and management that will help dispose of the break-fix approach. As a managed IT services provider, we aim to simplify IT management for other companies efficiently and affordably.

Dušan Milojević has the expertise and experience to make Quantox a leading managed IT services vendor in Europe, implement new IT technologies and build worldwide-applicable solutions with his team.

From Microsoft to Quantox – can you describe your career journey and what does it mean for you to further develop your expertise at Quantox?

I started from the university and Microsoft Academy, and then went through the positions of Consultant, Developer and Analyst. Right now my official role means leading three different teams for the implementation of various products. The biggest challenge for me to get the company as a leading vendor for managed services as Quantox is for custom development.

What are the goals of the managed IT services department and what do those goals bring to the overall business process of Quantox Technology?

The goals of the managed IT services department are to accumulate as much expertise and projects from various vendors like Microsoft, Salesforce, even IBM, and Oracle. The people in our department and their work are very strongly connected, no matter which team they depend on.

In the future, Quantox will expand its business areas and build solutions that can be implemented worldwide. So, the power this department gives to the company is being able to cover all needs that come from one customer. Custom development and managed services have a great tendency to work well together and bring new opportunities to each other.

After the first month at Quantox, what are your impressions?

I’m thrilled to be a part of Quantox. At the moment, I’m still trying to get all procedures lined up and getting to know the on-boarding team members while working with other colleagues on our first potential projects.

Why would a company need managed IT services and what parts of its environment would Quantox’s managed IT services department look after?

Companies in some sectors, like Fintech and Telco, use more than fifty systems in their daily business. All of those need to be integrated into one place, and that’s where we come in – we can fully cover all these processes with our team. Having a corporation as a client is a great opportunity that can lead us to long-term partnerships.

The IT industry is fast-paced and constantly evolving and at the moment we have many new technologies present at the scene. In your opinion, can those new technologies be implemented in the processes and what benefits would that bring?

Of course, we need to follow all new approaches and technologies. From the last conference in Munich, I’ve realized that we can integrate PowerApp with Business Central as an app that can be the solution for warehouse management with fewer costs instead of building the app by itself from scratch. We also plan to get RPA (robot process automation) part of the integration team and start working with machine learning. Quantox’s managed service department is pretty good at keeping up with the latest technology trends.

What do you think is the most interesting part of your job, and what are some of the biggest challenges Quantox managed IT services department may be faced with?

The most interesting things about working in Managed Services will be the projects and the possibility of having a proven team working for one of the biggest customers in their branches globally. However, the biggest challenge will be to put Quantox on the managed services market for this part of Europe which is our goal for the next two years.

What is your main drive, motivation, and inspiration in business – what drives you over and over again?

What drives me forward is having new opportunities on a daily level – new employees, technologies, countries, projects, and approaches. I also firmly believe that people can improve their skills only if they step out of their comfort zone, which is what my team and I are doing right now.

Blog
2023 Holistic Data & AI in Business Analysis
November 4, 2022
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by
Aleksandra Dzinovic
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Artificial Intelligence (AI) has always been wrapped in a veil of mystery, looked upon in pure awe or fear.
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Artificial Intelligence (AI) has always been wrapped in a veil of mystery, looked upon in pure awe or fear. Regardless of how much we all want flying cars, we also vividly remember the plot of the Terminator movies. However, whether we think the future of AI will be bright or bleak, it’s already here, and it’s promising to be a 5-star rated one.

AI technology is already playing such a big part in our day-to-day life. So much so that, during the worst case of pandemic a world has seen in the last century, AI technology was what kept many businesses afloat, changing their services, products, and strategies forever. It also gave those companies a considerable boost in revenue and led to cost reductions, making AI technology and implementation one of the leading business strategies in 2023.

There are thousands of surveys, case studies, and reports on the future of AI in the business world. From global to local reports, predictions, and industry-specific details, AI technology has been the ”talk of the town”. After all, the data and numbers never lie, and AI has proven to give magical business growth percentages every business owner would want.

Holistic Approach to AI in business

Most Important AI Business Statistics
  • By 2027 the global AI market value is expected to reach more than $260 billion.
  • AI could contribute more than $15 trillion by 2030 to the worldwide economy.
  • As much as 37% of all businesses and companies have integrated AI into their processes.
  • 9/10 of leading global firms investing in AI technologies.
  • While AI will eliminate 85 million jobs by 2025, it will also create 97 million new ones.
  • Today we have more than 3 billion voice assistants in use, but next year we’ll have 8 billion.
  • By 2025, the AI industry will be earning around $126 billion annually.
  • more than 67% of US citizens believe self-driving cars are safer.
  • 25 countries worldwide are currently designing self-driving vehicles.
  • The autonomous car industry could be worth more than $600 billion in the next five years.
Artificial Intelligence Business Usage

Companies worldwide use AI technology to automate some parts of the work or help their employees achieve better results. However, looking at AI across all industries, we notice that while some have everything to gain through AI, many sectors are still dipping their toes into AI and how it can be used to its fullest capacity.

  • By 2030 AI will help boost the GDP of many local economies. China is expected to be the leading one with a gain of 26%.
  • Startups that used AI received more than $7.4 billion in funding during the second quarter in 2019.
  • According to Gartner’s 2020 report, more than 37% of businesses used AI technology in their workplace in 2019.
  • There was $57.6 billion of spending on AI and cognitive systems in 2021 globally.
  • From 2015 to 2019, the number of companies that implemented AI in business grew by 270%.
  • 38% of healthcare providers use AI technology for diagnosis assistants.
  • 52% of all telephone companies employ chatbots (AI technology).
  • The public opinion about AI technology is turning positive, and now, more than 50% of consumers are agreeable with AI.
  • More than two-thirds of consumers are agreeable with AI helping boost customer engagement.
  • 26% of all consumers interact with AI on a daily basis.
  • The Wearable AI market size is predicted to grow to $180 billion by 2025.
  • One-third of commerce consumers prefer to interact with AI.
  • More than 52% of consumers are doubtful about AI protecting their private information.
  • 4/10 consumers trust that companies using AI are more careful about customer data.
  • Netflix’s AI recommendation engine is worth $1 billion a year.
Wearable AI market
How Do Businesses Adopt Artificial Intelligence?

According to Forbes, 4 out of 5 companies are putting AI as top priority business strategy for their organizations. A staggering 83% of companies claim AI strategies they implemented are the reason behind their growth and success.. One of the most common ways companies use AI is through chatbots and automated emails, simplifying everyday business communication and saving time, and those are just some of the many benefits of AI implementation.

33% of organizations have started implementing AI technology in some capacity, while 25% have fully developed AI-enabled processes. As much as 21% of all companies already have a few strategies and concepts and are looking to scale, but only 14% have had concepts with limited success. A small percentage of organizations, 7%, don’t use AI but are interested and currently looking for a way AI can help increase their revenue and overall boost their organization’s success.

Analytics Insight reports that 80% of retail executives will adopt AI at some level by 2025. The majority of the executives say that in the next three years, their company will be using AI.

How To Leverage Data, Cloud, and Analytics in Business?

According to the PwC report, most companies that work with AI reported promising proof of concepts that are ready to scale. But some companies use AI in a more advanced way and are achieving incredible results like significant ROI.

What those companies are doing right is using data and AI not to solve only one problem but adopting AI for business transformation, enhancing decision-making, and modernizing systems and processes. According to the report, the holistic approach to AI implementation in business had the best results.

The holistic approach enables fast AI success, and leaders should be looking to invest in and manage data, AI, and the cloud as a whole. A Holy Trinity of AI, if you will, but taking on this approach will deliver more value at scale because it means data from inside and outside the organization is being analyzed constantly.

The Value of AI in Business

More than 44% of organization leaders think real AI value is realized in automation, increasing productivity. Next, as much as 41% of all leaders think AI solutions improve decision-making, while 40% of all executives believe AI helped them improve customer experience. Finally, products and services innovation values of AI were also one of the significant points for 40% of CEO and leaders.

Decision-Making with AI solutions

Business leaders know just how vital decision-making is, but how does AI help exactly? To make an informed decision, you’ll need a lot of information, do some fact-checking, calculate the risks, and do a prediction analysis. AI technology can simply analyze and process a lot more data than any human being.

For example, suppose you want to optimize pricing. In that case, AI can analyze historical data on margins, supplier costs, product sales, and customer satisfaction and then estimate possible solutions and scenarios. It can show you how your competitors may change their prices, make an analysis with the predictions of future economic events and enable better decision-making. And with the combination of edge computing AI can make that analysis and give you solutions at lightning speed.

More than 74% of leaders said AI is used to make technology decisions within their organization, and 62% said it is used for operations and maintenance. In comparison, 61% of leaders claim AI is used to boost customer experience.

How Can Companies Implement AI?
AI implementation in business
Start From The Back

Don’t start with data if you’re considering adopting a new AI model for your business. Instead, go backward and think about the outcome you want, then look for the data to back up your goals. Next, you need to consider other decision-makers using this model in the same way, where the model will fit in the decision-making process, cloud integration, monitoring, scaling, improvement, and finally, a retirement plan for the model. Make sure to learn more about the latest Data & AI trends and how they can help you navigate the change to a new business model.

Leave the Data to AI

Many companies have tons of messy, unstructured data, whether it’s documents, images, or videos. Just tell your AI what kind of data you need to achieve the desired result, and it will sort through all the mess before placing only the most vital data in front of the company’s decision-makers.

Focus First, Scale Later

Having a holistic approach to AI business implementation doesn’t mean you have to do everything simultaneously. Instead, start from the essential functions you want to simplify or automate within your organization, then scale up to other and more complex tasks.

AI Simulations in 2023

If there’s one thing all survey respondents (as much as 96%) agree on is their plan to use AI simulations in 2023. A compelling feature, AI simulation can provide detailed, real-time insight into a company’s real-time performance.

Just imagine creating a simulation of all suppliers, customers, competitors, weather, economics, and whatever variable you need and be able to predict supply chain pricing flow, both dynamics and disruptions. Now, you can plan a navigation strategy by knowing what will happen.

57% of leaders from the survey plan to use AI simulations for market conditions forecast, while 54% will use AI simulations to support financial, sales, and marketing planning.

AI simulations can also help hire and train employees, with almost two-fifths of surveyed companies already doing so. In addition, AI-powered simulations give room for better virtual recruiting, finding candidates worldwide, and managing and monitoring remote workers.

AI Labor Market Solutions

Labor market challenges are present in any industry, but 98% of companies believe AI can help overcome these challenges. In addition, many companies put great hopes in AI by automating their processes or reducing their hiring needs.

However, AI has its own labor market challenge: a lack of AI talent and a high cost of the existing AI talent. However, holistic AI companies know that AI initiatives increase revenue and are not paying much attention to the lack of AI talent. They know it’s money well-spent. As a result, those companies are 1.5 times more likely to leverage third-party vendors like managed services providers with a complete AI workforce.

Find Your Data & AI Talent in Quantox!

Quantox Technology Data & AI experts can help you adopt and leverage artificial intelligence and optimize many different work processes within your organization, by completing essential data gathering and analysis that can help streamline your operations and enhance your business’s profitability. Let’s Talk

Blog
Top 7 Data & AI Trends in 2023
November 4, 2022
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by
Aleksandra Dzinovic
read time
Although AI technology is not new, it's beginning to have a significant impact as businesses realize the potential and the possibilities new Data & AI trends offer.
Read more

Although AI technology is not new, it’s beginning to have a significant impact as businesses realize the potential and the possibilities new Data & AI trends offer. With AI today, companies can transform and create new opportunities in almost every industry.

“If you want to think of a new thing, the new thing that is going to be most attractive is going to be something that you can do with scaled AI,” said Whit Andrews, vice president, and an analyst at Gartner Research. However, not many know that behind the magic of scaled AI is a significant amount of data being processed and labeled. Therefore, it’s imperative that companies realize their data needs to be in order before they see what scaled AI is capable of.

Now, in 2022, we’ve seen AI trends emerging, promising scalability to any business, regardless of size, type or industry and those trends are going to be even more popular in 2023. So what are those AI technology trends, and how can they impact companies and their digital transformation efforts? Let’s find out!

#1 Large Language Models

Language Models are AI models that rely on machine learning to, in simple terms, learn how to speak our language. These models determine how sentences, phrases, or even paragraphs are related by processing a considerable amount of text and building a model. That model understands how we, as humans, use language and copies our semantic techniques to output a more human-like interaction.

AI language models have come a long way from being fine-tuned by us. Today, your AI can learn and solve a new problem in only a few training examples. In the business world, this means that the cost of artificial intelligence is now reduced, and it’s easier and more affordable to automate many business processes.

#2 Natural Language Processing

Not only is AI able to copy our way of communicating, but it’s also able to understand what we are saying. NLP or natural language processing is the “ability for a computer to understand the meaning of text or speech.” Do the names Siri, Alexa, and Cortana sound familiar? That’s precisely what NLP does- it creates technologies that can understand what people say and then make appropriate actions and give the right responses. Now just think about all the ways one company’s internal NLP-based AI can assist all employees and scale business operations.

Not only is AI able to copy our way of communicating, but it’s also able to understand what we are

#3 Generative Artificial Intelligence

We can consider Generative AI to be a whole different branch of AI, like that one cousin we all have that’s exceptionally good at arts. As the name says, Generative AI generates content like images, converts text to images, makes music, and writes the text. It is a strategic AI technology for 2022 and 2023 , according to Gartner. And while making music and generating images doesn’t sound like important work for any business, think about the application Generative AI can have in marketing. To be able to generate human-like grammatically correct text relevant to the topic and give it a compelling visual with only AI can easily change the flow of the digital marketing industry.

#4 Reinforcement Learning

Do you need a way to successfully use AI in robotics, games, data science, and finance? Then you need artificial intelligence focused on decision-making and reward-based training. Reinforcement learning is the keyword here since this branch of AI learns from the environment and then adjusts its behavior to maximize rewards. In other words- it goes by the ‘trial and error’ principle, learns from its mistakes, and does better the next time. Just like humans do!

Only AI won’t fall into the trap of making the same mistake again. If Reinforcement AI comes across a situation it has already “learned,” it will always pick the best outcome and the one that achieves its goals. It’s easy to understand why business owners are most excited about this AI trend seeing the possibilities it can have in boosting any business.

#5 Multimodal Learning

Multimodal learning helps the system learn more about our world, extracting the data needed from images, text, speech, sound, and video. Things we, as humans, instinctively know because of a little thing called commonsense.

“Common sense is the dark matter of artificial intelligence,” said Oren Etzioni, CEO of the Allen Institute for AI, when talking about AI having zero common sense. And until now, AI didn’t know how to grow its own common sense in the same way we humans – through a combination of visual, linguistic, and sensory cues.

Enter Multimodal AI systems. Finally, artificial intelligence can address the lack of commonsense knowledge with these types of systems. For example, the concept of apple for AI includes vision-related information- color, shape, size, and sometimes even texture. But Multimodal AI systems will be able to know that green apples are also more bitter than red apples, that apples can be used to make apple pie, and the reason why apples are considered a sign of appreciation. So, in short, Multimodal AI systems can ”see the bigger picture”.In business, multimodal AI systems can serve as a good tool in digital marketing by recognizing the images and generating automatic descriptions or detecting false news by verifying, understanding, and cross-referencing one text with billions of others.

#6 AI Virtual Reality

The dawn of the virtual world is rising, and it’s all thanks to AI technology. The creation of an online environment is no longer a science-fiction thing but is almost guaranteed in the near future. At the core of virtual and augmented reality are different branches of AI technology trying to solve problems like creating realistic holograms to shape the virtual world. There are many benefits to Data & AI for a business, and Virtual Reality trend is probably the most exciting way to explore most of those benefits.

Data & AI trends metaverse, VR, AR

“Only recently, with the emerging machine intelligence innovations, have we had access to the powerful tools and capabilities to make use of the advances in computer technology,” said Yifan Peng, a researcher at Stanford Computational Imaging Lab.

It goes without saying that pairing AI technology with some of the most popular software development trends like AR and VR can open a whole new world of possibilities for companies. The ways businesses connect and interact with their users can change completely, and those businesses that try it first now will also be first on top.

#7 Computer Vision Technology

A recent Gartner poll showed that companies worldwide are expected to spend more than $670,000 over the next two years just to get their hands on machine vision technology.

This type of AI enables machines to interpret pictures and videos, with algorithms capable of identifying and categorizing items. It’s primarily used in self-driving vehicles, healthcare, manufacturing, farming, and agriculture.

Data & AI trend computer vision self-driving vehicles

Automated Artificial Intelligence tools will be a way for many businesses to overcome the skill shortage and cut costs. Unfortunately, data scientists are few and far between, and not every company can afford to hire one. So, to generate value from their data, many businesses will use AI-powered tools to analyze data streams, generate ML models and find actionable insights. This will help companies increase revenues, enhance operations and optimize their costs.

How Data & AI Will Shape Business Growth In 2023

As we near the end of 2022, we can say that this year was where companies learned about the power of AI and how to leverage data & AI to spur business growth. Many reports show that implementing Data & AI in certain industries, even if you automate a portion of your daily business processes, can result in a staggering revenue increase. The development of digital services was the primary strategy for surviving the pandemic, but now business’ digital transformation is playing offense with AI-powered solutions.

Many companies have already made investments in AI innovations that are developing and refining at an incredible speed, already creating trends and changing industries. Read on and see how Data & AI shaped business growth in 2022 and will continue in 2023.

  • HOLISTIC PLATFORMS REIGN

Most businesses have collected data to solve a specific problem in the past. However, 2021 and 2022 marked the years of consolidations through acquisitions and mergers, which will continue in 2023. Therefore, if enterprises use point solutions, it can lead to conflicting information across all departments.
Machine learning and AI are the way to create holistic DEA (Digital Experience Analytics) solutions that will analyze a large amount of customer data and give a more comprehensive picture of user experience, thus impact organizational efficiency.

  • DATA DEMOCRATIZATION

With a shift to a data-driven decision-making mindset in most companies, the data collected needed to be accessible to more people. So, in 2022, data was democratized within an organization, with leaders and departments able to access data, increasing transparency.

The focus on data will lead to a greater need for AI-powered tools, with a particular emphasis on the quality of data and data tracking.

  • PRIVACY CHANGES

Many businesses have already adopted Responsible AI solutions, but not all. With the new government rules and regulations regarding data collection and privacy, companies will have to balance being compliant and giving their users control over their data.

In 2022 companies had to find a way to accommodate the regulations and their customers’ desire to be able to control how their data is being used while still having a hyper-personal digital platform experience. Responsible AI solutions are, at the moment, a perfect tool that allows for both and further helps companies make fairness and transparency become consistent practices.

  • DATA & AI IT TALENT

Businesses that want to implement automation to increase productivity need to know that automation can be overwhelming. Leaders should start small in order to scale efforts successfully but to do that, they need great data IT talent.
Due to a talent shortage and Data specialists, having an in-house data scientist is no easy feat. The solutions come in the shape of companies that offer services of creating AI solutions tailored for each business.

  • SAFER ROADS

There’s a theory that AI is replacing humans and, one day, we will perish because of it, but no one is talking about the dark side of human beings and how AI can help us make this world safer from….well, us. For example, safer from an individual’s uncontrollable desire to operate a vehicle while under the influence. Or perhaps safer from the misfortune of having a drowsy truck driver falling asleep at the wheel because the economic situation caused him to take on more working hours.

These are all possible scenarios happening daily worldwide, often ending up terribly and counting many fatalities. But AI technology can help us, humans, stop taking unnecessary risks by taking a ride with us and keeping us safe.

Data & AI road safety analysis

AI-enabled cameras and sensors built into commercial or personal vehicles can prevent a person from drunk driving by measuring moisture content on the drivers’ hands via sensors located on the wheel. AI can also save drivers from carbon-monoxide poisoning by gaining data through an air quality monitoring system and executing an automated window opening. Such AI-powered systems are needed in order to make professions like trucking safer and more appealing, which would be a great way of solving the current driver shortage.

Implement the Latest Data & AI trends with Quantox Technology!

Connect with some of the best Data & AI specialists in the IT industry here at Quantox Technology – a place where AI innovations are born! From computer vision to natural language processing, we use cutting-edge technology to build reliable AI applications tailored to your industry and a way to scale your business and boost revenue. Want to implement AI in your business? Let’s Talk!

Blog
Tools for Application Development That Will Help You Dominate Your Market
June 21, 2022
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by
Aleksandra Dzinovic
read time
The rise of mobile apps began when businesses realized they could use mobile apps to boost their revenue by reaching their consumers easier.
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The rise of mobile apps began when businesses realized they could use mobile apps to boost their revenue by reaching their consumers easier. Now more and more companies are jumping on the bandwagon of leveraging mobile apps for business and earning a great deal of profit through the mobile medium. Whether they’re developing in-house applications or hiring a mobile app development company, they all want the possibilities and opportunities which come with having a business mobile app.

Knowing why investing in a mobile app is a smart business move in 2022 is the first step to success. Still, once we go deeper into mobile app development, we uncover other important factors that can lead to either success or downfall. One of those factors is knowing which mobile app development tool to use that will fit the budget and the app's specifications perfectly.

What is App Development Tools, and How Do They Work?

If a mobile app is a painting and the developer is a painter, then mobile application development tools are the brushes. There are many of them, and their usage comes down to the app's requirements but also the developer's personal preferences.

Mobile app development tools are the software used by the developer to build innovative, secure, and scalable applications. These tools will give all the resources to the developer in order for them to build an app that integrates with the device's hardware as well as any other business feature that can lead to high-quality results.

The Best App Development Tools You Can Use in 2022.

Sketching the business mobile app idea is a great way to simplify mobile app development. Having all features, goals, and designs ''on paper'' allows developers to clarify their tasks and goals while building your app and which app development platform they need to build for. Once you have sketched your idea, the developer can go on and choose the best app development tool and platform to make that idea come to life.

Many great mobile app dev tools can help them with this job:

Open-Source

  • Framework 7- offers both iOS and Android support, and it can help create an app that has an iOS feel for Android. In addition, it's easy to understand for those who already have excellent knowledge of HTML, CSS, and JavaScript. The most notable features are Material Design UI, custom DOM library, native scrolling, and XHR caching and preloading.
  • Ionic- based on the Sass CSS language and cross-platform. It can be used to build advanced apps because it can be integrated with AngularJS. Ionic has a library of mobile-optimized HTML, CSS, and JS CSS components and tools and works with predefined components.

Cross-platform & Hybrid

  • BuildFire- high-performance, DIY mobile app builder that supports iOS and Android phones and tablets. It has over 45 pre-built plugins, features, a direct integration to Segment, Smooch, and others, and pre-existing templates. With BuildFire, you can launch your mobile app in 30 minutes. In addition, the building of the app is free, while launching costs only $20 per month.
  • Mobile Angular UI- allows you to build HTML5 mobile apps with Bootstrap and Angular JS. It also provides overlays, sideboards, switches, scrollable areas, and bottom navbars for an easy mobile to desktop transition.
  • Xojo- app development tool for Mac OS X, Microsoft Windows, x86 Linux, iOS, Raspberry Pi, and the web. It allows developers to create native apps while providing Xojo Cloud for easy maintenance-free web app hosting.
  • Corona Labs- supports all platforms, and while being specially made for building 2D graphic games and educational apps, it can be used for developing other 2D apps.
  • Jotform Apps- has over 300 app templates that are very easy to customize and manage. With this drag-and-drop builder, you can add anything you want- forms, external links, widgets, and images. It is the best app builder for small businesses, HR departments, restaurants, and healthcare providers.
  • Unity- it is one of the most popular game development platforms you can use to build high-quality 3D and 2D games. You can even use Unity to build AR and VR apps, the industry’s latest development trends, in no time and deploy them across multiple platforms.
  • Xamarin- is a Microsoft-owned software company with a C# codebase you can use to develop iOS, Android, and Windows apps. It allows code sharing on multiple platforms and has a cloud service that you can use to test the app on an unlimited number of mobile devices.
  • Appcelerator- uses JavaScript to create native code. It also offers over 5,000 APIs for Android, iOS, Windows, Blackberry, and HTML5. Appcelerator is not the easiest tool to learn but has loads of features.
  • React Native- open-source framework from Facebook with a ''learn once, write everywhere' mantra using JavaScript as its main code. It allows quick prototyping and high initial velocity while being easy to learn and implement with any feature you can think of.

The best mobile app development tools for Android are Android Studio, Eclipse, ItelliJIDEA, and Corona Labs.

No-coding needed mobile app development tools are BuildFire and EachScape.

The best Windows mobile app development tools are Xamarin and Corona Labs.

Disadvantages of Using an App Builder Tools

disadvantages-mobile-app-builder
Disadvantages of Template App Builders

By using an app builder tool, developers can build a solid working mobile application in a short amount of time. Presenting a business app before your competition may have its perks. Still, rather than that, you'll want to submit a mobile business app that works perfectly and offers a great user experience to your consumers.

Here's why using an app builder tool can sometimes put you at a disadvantage:

  1. Limited Design

When you use an app builder, you limit your mobile app in terms of design. There are only that many templates you can use to create your app, and most of them are alike, which little to no editing possibilities. If your business mobile app needs to be unique, an app builder will not give you the design you need to stand out.

  1. No structure or code editing

Because most app builders use made-ready templates and features, it's hard to change or add a new feature to the app builder. So if your app needs a unique, never-seen-before feature, the app builder will not allow you to create it or code it. Furthermore, you may have access to a smaller pool of templates and features if you choose the basic subscription plan.

  1. Additional Charges

Do you need a feature for your mobile app but don't have access to it? You probably missed out on paying the ''premium'' or ''pro'' subscription plan. The more you spend, the more the app builder will give you. Not to mention, subscription fees are not a pay-once expense but an ongoing expense that may as well amount to quite a lot.

Hire Quantox to Build Your Application - Stay Competitive, Save Time and Money

Quantox has been successfully working in the software development field for many years, during which we have accumulated the knowledge of what it takes to create exceptional web and mobile applications for small businesses and large enterprises. As your partner, we will work on the project focusing on your business' needs, as our expert developers turn your idea into an effective mobile solution that will save you time and money and help you dominate your market. Do you need a mobile application for your business? Let's Talk!

DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

Blog
Why Investing in An App Is A Smart Business Move in 2022?
June 21, 2022
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by
Aleksandra Dzinovic
read time
As consumer behavior keeps changing, now more than ever, businesses need to adapt their strategies to ''find'' their target audience. Unlike before, consumers are no longer interested in hanging around business centers in large cities or searching...
Read more

Why Investing in An App Is A Smart Business Move in 2022?

As consumer behavior keeps changing, now more than ever, businesses need to adapt their strategies to ''find'' their target audience. Unlike before, consumers are no longer interested in hanging around business centers in large cities or searching for their products ''by foot''. The COVID-19 pandemic worsened the matter, and many businesses with physical locations became unreachable due to frequent lock-downs. So, where can companies find their customers? The answer, of course, is- online.

The nature and the potential of mobile phones are slowly reshaping how business is being done. As a result, the leading companies in the industry have taken on a mobile-first approach to creating effective business strategies. One of the critical points of such a strategy is the mobile app strategy. Still, many other companies have yet to embrace mobile apps, relying on mobile web to help them increase traffic. 

On the other hand, mobile apps have shown to be an invaluable asset that helps grow customer relationships and increase customer retention. So, while not being an all-around solution to business success, mobile apps have much to offer.

Why Invest in Business App Development?

How Can an App Help You Reach More Customers?

If a business wants to stay afloat in today's world, they need to find a way to reach as many of its consumers as it can. To reach those consumers, they need to think like them and put themselves in the client's shoes. Only once they do they realize that most of their target audience doesn't have time to sit in front of the computer and browse the whole day. Their consumers are busy and have but a bit of time to search for things of their interest. However, what almost all consumers around the world have in common, regardless of the industry, is the presence of a mobile phone.

Mobile app for business benefits
Why Invest in Mobile App Development

Mobile phone and mobile app usage grew to the point where search engines like Google decided to use mobile-first indexing when ranking websites. In simple terms, those websites that are optimized for mobile search are ranked better. Doing business with a mobile-first approach is catering to the consumers' needs, which means a superior customer experience.

The Benefits of an App for Customer Engagement

When it comes to customer engagement, businesses have a tough job at their hands. The latest app development trends allow businesses to reach out to more customers, but how do businesses make their consumers stick around? 

Today's business environment is hyper-competitive and is exceptionally inventive when it comes to making the buying process as streamlined as possible. In other words, customers are willing to buy products, goods, or services as long as it's not too much of a hassle and doesn't take much of their time.

That's where mobile apps come in, making almost two-step buying processes, automating routine tasks, and giving new possibilities to consumers and businesses every day. 

Catering to Customer Preferences

The irony of mobile usage is that the more we develop mobile phones, the less the users are inclined to use them for calling other people. Instead, today they prefer to manage their life with just a few clicks. Take Domino's Pizza, for example- their new delivery mobile app in the UK increases their e-commerce sales by 24.4%, with more than half of the orders coming through the app. With more than 10 million downloads, their mobile app proved they understand how their customers think.

Push and Pull Notifications

''Out of sight, out of mind'' is the adage, but that's why push and in-app notifications are here for. Such notifications, provided they contain relevant and valuable content, can bring a customer back to the app they forgot they even have on their phones. Moreover, notifications that can catch a consumer's attention can also make them respond to any marketing offer, thus leading to more sales.

Location-based Content

A good business marketer knows you can never cater to your consumers' needs too much. That's why the best marketers leverage geofencing technology to send location-specific, timely, data-driven, and contextual content to their users. This type of beacon can be used to send location-based offers, promote loyalty programs, and even offer mobile-based payments in the area to your consumers.

Rewards and Loyalty Programs

Consumers love rewards, and the better the program and incentive, the more loyal consumers are to the brand. In addition, the mobile app allows businesses to present loyalty programs to their consumers more efficiently and transparently. Through an app, consumers can easily access the points they've collected, how to add them up and where they can use them.

The Power of Analytics

The biggest leverage mobile apps bring to the table is knowing your consumers inside out. Valuable data collected through apps can help companies understand the customer better. For example, they can fine-comb their browsing history to find what consumers need, what problems they need solving, and what their technological preferences are. Later on, businesses can use information from data and create special offers for their consumers which will target their needs and requirements perfectly.

The Different Types of Apps You Can Develop for Your Business

There are three main types of mobile apps businesses can choose from and see which one is more suitable for their brand:

Progressive Web Application

PWA is a software app that will install on your system. It's a sort of web app but looks similar to mobile apps. The main difference between mobile and web apps is that web apps need internet connectivity to run. PWA can work both online and offline, and that's where the similarity to mobile apps comes from.

Examples: BookMyShow, Pinterest...

Native Mobile App

Native Mobile apps need to be downloaded from Google Play Store (Android) and App Store(iOS). These types of applications are developed specifically for a specific type of device. For example, photos can be uploaded directly from a device to the mobile Instagram application, but the same is not possible on the Instagram Web app.

Examples: Instagram, Twitter, Google Maps, Skype, etc.

Hybrid Mobile App

If you want to build a mobile app that combines the features of Native app development and PWA in one platform, hybrid apps are the best route to take. 

Examples: Facebook, Amazon, etc.

Mobile Apps vs. Web Apps - Which is the Better Option?

Whether a business should build a mobile app or a web app depends on its specifications. Companies need to think about the features they believe are most important, the company's goals, and the app's main function. A web app is the best way to go for businesses that need an interactive resource for additional information. Native mobile apps are better suited for those who need access to the device's camera or GPS. So, to create a perfect app, you need to know all about app development platforms and which one you’ll be using to build your app. Choosing the right app development platform may expedite the app development process.

Here are the pros and cons of mobile and web apps to help you determine which one is the better option.

mobile apps vs web apps
Web apps vs. Mobile apps

Mobile Apps

Pros: Mobile apps are faster than web apps and have great functionality because they have access to system resources. They are also safe and secure, needing approval from the app store. In addition, they can work offline and are easier to build by using great app development tools and SDKs.

Cons: They are more expensive to develop because they are platform-specific. That means a version needs to be built for every platform, meaning programmers and developers need to make a new code for each version. This also means maintenance and updates are costly, and some native apps may have difficulties being approved by the app store.

Web Apps

Pros: Unlike mobile apps, you don't have to write the code twice to make web apps. They tend to be built using JavaScript, CSS, and HTML5. There's also no standard software development kit, and developers have access to templates. So the development process is easier and quicker. 

Cons: Web apps are much slower than mobile apps and have fewer features. On top of it, they don't work offline. And because they don't need to be approved by an app store, their quality and security are not that great.

What to Consider When Planning Your Business App?

Several vital aspects in a mobile app planning stage need to be planned out to perfection for the app to reach its full potential. Take a look at the most important things to consider when planning your business app.

Define a concept

Your business app needs to help people, i.e., your consumers, solve a real problem. What are the benefits of your app? Is it going to make their lives easier? To get you started, here are some questions you can use at this stage:

  • What is the app's purpose?
  • What do we want to achieve with the app?
  • How will it engage consumers?
  • What are its core features?
  • Are my client's going to see the app as useful?

Understand your Consumers

Learn as much as you can about your consumers and their needs, goals, and technological preferences. Consider the following:

  • Who are my users?
  • What type of problems are they faced with?
  • How are they solving a problem I am trying to solve with an app?
  • Which platforms do they use?
  • Which devices do they use?

You can also connect with your users by asking questions on forums or working with a focus group.

Do the Market Research

It's always good to check on what your competitors are doing. Take a look at the apps similar to the one you are trying to make and ask yourself:

  • What are these apps like?
  • Do they solve the user problems?
  • How do they engage users?
  • How do they communicate with users?

Establish App Goals

Mobile app development includes planning to prevent feature creep and help with important business or technicals you'll need to make. But regardless of the goals, you set for your business app, the most important thing is to know them early and work towards them from phase 1.

Determine the Value

Your app has to have a unique value for your clients to consider downloading and using the app. Whether it's access to some features or a low-cost service, you can satisfy your consumers' needs and your business with an app.

App Development Process - The challenges of developing an application

Irrespective of the app concept, design, and marketing plan, mobile app development has many other challenges related to the app development itself. So even with the best laid-out plans, developers need to overcome many hurdles to create a high-quality mobile app. This is something businesses need to know and keep in mind for them to set realistic goals and timelines.

  • Standing Out From the Crowd: Creating an app that will stand out is tough these days with so many great apps available on app stores. However, businesses that strive toward creating world-class mobile apps need to develop an app that includes functional features, intuitive design, and graphics to boost the user experience.
  • Responsive: A great business mobile app needs to work like a clock on all platforms. This means that developers need to adopt responsive design throughout the whole app development process.
  • Battery performance and consumption: No matter how great the app is, users will choose not to use it if it costs them valuable battery percentages. Large battery consumption and low performance can cause other issues in the mobile application testing phase.
  • Choosing the right technology: Whether it's a native, hybrid, or cross-platform application, a great mobile app needs to be adaptable and versatile, bespoke to its user with a design that will keep them engaged.
  • Security: To prevent the disintegration of both software and hardware, the mobile app needs to be free from malware issues.
  • Hiring the right developer: Businesses can choose to hire in-house developers, freelancers, or app development agencies. However, the first two come with a few drawbacks. Building an in-house development team can take several months and can be costly while freelancing developers are hard to keep track of, especially if they are working in a different time zone. Also, there’s more focus on the building of the app itself, while the design, something users appreciate the most, may suffer. Many businesses rely on a mobile app development company to handle their projects. App development agencies usually provide end-to-end services, meaning they will be running your project from idea to launch while also managing each task in-between. Businesses can even get advice and help with their digital strategies from an app development company. However, businesses should only work with app development agencies that are willing to sign a service agreement to protect their intellectual property and determine the app's ownership. For that reason, it's essential to know how to hire the right app development company that you can trust.

How Quantox Can Help Your Business with App Services?

With more than 15 years of experience working in mobile app development, Quantox Technology proved its expertise in developing apps never seen before on the market. Our team includes mobile app developers but also sales and marketing specialists with the knowledge of managing the mobile app development process from the initial idea to final market placement. With 13 offices in 7 countries and more than 500 dedicated professionals, we've joined forces to create next-generation digital products. Do you need a business mobile application? Let's Talk!

DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

Blog
App Development Platforms: The Good, the Bad, and the Ugly
June 21, 2022
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by
Aleksandra Dzinovic
read time
In order to fully leverage the power of mobile apps for business, business owners should first learn more about the app development platforms that will help them build an app bespoke to their business profile and goals.
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In 2022 mobile applications are on the rise, and many business owners are slowly discovering the benefits of having a mobile app. Still, the mobile app development process can be pretty complex and even more complicated for those with no prior app development knowledge.

So, in order to fully leverage the power of mobile apps for business, business owners should first learn more about the app development platforms that will help them build an app bespoke to their business profile and goals.  Mobile app development platforms will allow you to build your application fast, explore all the benefits of having one, and finally make you understand why investing in an app is a smart business move in 2022

But first-What is an app development platform? What are the benefits of app development platforms? Read more and find out all the answers.

What Is An App Development Platform?

When it comes to building a mobile app, there’s no getting around MADPs- mobile application development platforms. These platforms are actually software that allows businesses to build, test, and sometimes even deploy mobile apps. It is a collection of app development tools, services, and technologies that enables business owners to design, develop, test, deploy, and maintain their mobile apps across different platforms, networks, and devices. That’s why MADPs are also referred to as cross-platform mobile app development.

Mobile application development is complex because an app has to be compatible with all devices and mobile platforms to gain success. So, designing one app sometimes includes creating many codebases to ensure that compatibility. However, developers have to maintain only one codebase with a mobile application development platform, making MADPs a great high-tech-low-cost solution for many businesses. 

The Benefits Of Using A Mobile App Platform

According to the newest research, as much as 42% of developers worldwide are using some type of cross-platform or framework to develop applications. The reason is apparent- it makes their job so much easier by having to write just one code instead of a code for each device, platform, or network. 

However, business owners should know that app development platforms have other benefits that directly impact their brand's relationship with its user.

Here are the main benefits of app development platforms for businesses:

  1. Helps Your Brand Stay Consistent

Keeping your business application consistent across all platforms will make your consumers' life more manageable. Instead of being greeted with a new user interface every time they switch devices, they'll be welcomed to an environment they're already familiar with. Mobile app development platforms can help you stay consistent with the UI and UX of your business application.

  1. You can Market Faster

Since there's no need for developers to create a different application for each platform, they can quickly build and publish your business app and market them on app stores simultaneously. In terms of business, this means you can reach all your potential customers and consumers at once, be they Android, iOS, or Windows users.

  1. Easy Implementation

One of the features most application development platforms have is the ability to convert any type of code into a different one. That means that a developer can write the code in HTML and later convert it to other platforms. In terms of business, this lowers the cost of building a mobile application. Instead of hiring a full-stack developer, you only need a developer proficient in one programming language.

  1. MADP Makes Maintenance Easier

The mobile industry is forever evolving and constantly updating, so bugs are inevitable in making the mobile application run perfectly. However, multiple codes mean bugs and fixes become a hassle, and managing a business application for all devices and platforms becomes very difficult.

Mobile application development platforms allow you to fix bugs on just one codebase and make instant improvements for all devices. You also won't have to run as many tests, and the deployment will be quick and easy, making the support part streamlined and hassle-free.

What Is The Best Mobile App Development Platform?

mobile dev platforms
Mobile App Development Platforms

The three types of mobile app development platforms- Native, Hybrid, and Mobile Web- can all be used to build a successful business mobile app that will attract consumers and increase revenue. However, knowing which one to use is a different matter entirely. Depending on the type of business, products, target audience, and budget, business owners should carefully select the platform with the most potential to ensure success.

Native Mobile Apps

Native mobile apps are built for a specific mobile platform, like Android and iOS. The developers building native mobile applications usually use Objective-C or Swift for iOS and Java for Android to build the app's code.

When To Use It: 

  • If you are making an operating system-specific business app, building native apps will utilize the device's hardware like GPS, Bluetooth, or Camera better. 
  • Gaming apps are also better when made native because those apps will have the best performance, thus providing the best user experience.

When Not To Use It:

  • If you're developing a cross-platform app, bear in mind that you'll have trouble finding one developer who knows many different programming languages. Even if you do, expect their rates to be higher than most and considerably affect your budget.
  • Furthermore, native apps require APIs to control the content, so you'll need to have a technician on board skilled at developing APIs. Be warned that developing API is troublesome and costly.
  • You'll probably want to stay away from building native mobile apps if you're on a tight budget but want to build a cross-platform mobile app. Native mobile development and maintenance are both very costly.
  • If you are developing a blog mobile app or news site, you won't get much out of a native mobile app. The native mobile app leverages the device's capabilities like camera features or gesture to increase user experience. If the only thing your mobile app is offering is information and content, there's no need for you to create a native app.

Hybrid Mobile Apps

One part native, one part web- hybrid apps are web content in the form of a local repository. The code is usually written in web languages such as HTML, CSS, and JavaScript.

When To Use It:

  • If you are creating a cross-platform business mobile app, hybrid apps may be your best choice. This is because they can be ported to multiple platforms and save considerable time and money while doing so.
  • When your mobile app development budget is on the low side, it's good to build a hybrid app because it doesn't require resources with specific programming requirements. By using third-party libraries, the native code can be wrapped over the existing layer making development affordable while still getting the benefits of reaching more users.
  • If your app requires it, the hybrid will give you many opportunities for monetization for in-app purchases and advertising.
  • Hybrid mobile apps are easy to build now there are so many great tools with cloud IDE, CLI, debugger, and remote online building tool all in one.

When Not To Use It:

  • If your business app requires you to alter the platform's hardware features, hybrid may not be the best solution for you. Changing the code may result in getting rid of some features to make your app work, and you'll never be sure if those changes will only cause more bugs or not.
  • Do you want a fast mobile app? Well, then, you should reconsider making a hybrid mobile app. Unfortunately, hybrid mobile app rendering may include some additional time lag so the data is not processed as fast as it is in native data, which gives hybrid apps only moderate performance.

Mobile Web Apps

Mobile web apps are not really applications but more like a website with functions similar to a native app. They run through the web browser, but they are designed for a mobile app by single-time coding.

When To Use It:

  • Only one code is needed to make a Mobile Web Application before you deploy it to multiple platforms at the same time. They are an excellent choice for multi-platform usage.
  • Also, if your mobile application offers more content than functions, like, for example, a news app, a mobile web app would be the best pick for you.
  • And because your web apps are not bound by app stores, there are no rules when it comes to mobile web app development. This gives your app the benefit of introducing web app updates quickly, with your users seeing them within the app instantly. 

When Not to Use Them

  • Suppose you are developing a business app that requires high-quality graphics or low latency for something like online gaming, online trading, and VOIP services. In that case, you're not going to get the level of performance you need with a mobile web app. That's because the mobile web depends on the internet speed.
  • The drawback of mobile web apps is that they should be developed across different devices and fit the content to any resolution. In addition, the added coding increases the overall mobile app dev expenses.
  • Finally, mobile web apps can offer only a subscription-based monetization model and have little to no monetary benefits.

As you can see there’s no one perfect application development platform and by using the correct one you’ll be able to build an app that not only caters to the users, but also fits your business goal, model, and budgeting. So, before you dive deeper into mobile app platforms, make sure to determine the target audience of the app and what you want to achieve with your business mobile app. Furthermore, make sure you check out all the top trends in app development like 5G and VR because they may impact which type of mobile app you need to build. 

What Are The Drawbacks Of Using An App Development Platform?

As the title says, while there’s ‘’the Good’’, there’s also ‘’The Bad’’ and ‘’The Ugly’’ of the mobile app development platforms. The drawbacks are something business owners must learn about in order to avoid spending more money than necessary, but also ensure a hassle-free mobile applications dev process. 

There are several drawbacks to using MADPs and creating a cross-platform app:

  • Low Functionality and Performance

Since cross-platforms are not built for just one specific platform, you may not be able to leverage the functionalities of all smartphones to their fullest potential. For example, developers could be having a hard time trying to make use of the different devices' cameras and microphones. 

Also, native apps use at least half less CPU power than any corresponding cross-platform app. The same goes for memory usage- native apps are far less demanding on the hardware. And on top of it all, these types of applications require an additional layer of rendering which often impacts the speed and overall performance of the app.

Moreover, when you build an app with a cross-platform framework, the more complex apps are at a higher risk of issues running on one of the platforms. Cross-platform frameworks also have delayed access to the latest Android and iOS updates. In order to bypass the bugs and errors, you need to have high-quality code at the base of the development and proper testing.

  • Limited Customization Options

Cross-platforms aren't as flexible in UX components as native mobile apps. In other words, cross-platform apps are limited in terms of layout, and this can badly impact the user experience.

  • Inefficient code

The main advantage of MADPs can also become its major flaw- almost every developer can use them to create a mobile application for a business. However, this risks developing inefficient code, which, when translated for other platforms, just doesn't perform well.

For business owners having a mobile business app that doesn't work could mean losing money instead of earning. In addition, having an in-house app development team can cost thousands, and freelancing developers are sometimes hard to reach and manage.

Knowing how to hire the right app development company you can trust can be your saving grace. App development companies can offer much more than having a developer build your app through MADP. With such a company, your mobile app idea can be developed to the fullest because most of these companies offer more than just their developers. Besides building an efficient code, they also provide market analysis, marketing strategies, and target audience research. They can help you determine your mobile app's goals and milestones while coming up with a user-friendly interface, impeccable design, and ensuring your application includes all necessary features. 

Why You Should Hire Quantox to Make Your App Idea A Reality?

To its clients, Quantox provides more than just mobile business applications. We give our clients a choice to take advantage of all the benefits of having an app that will improve their brand's performance. By taking on a cumbersome development process, writing immaculate code, and creating efficient mobile applications, our clients are free to focus on product innovations. In addition, our expert developers always focus on end-user experience and conversion, which allows us to take your idea to a whole new level. Let's Talk about your new business application!

DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

Blog
How to Hire the Right App Development Company That You Can Trust - 5 Key Tips
June 21, 2022
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by
Aleksandra Dzinovic
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As one of the fastest developing industries, the mobile phone industry has brought us many innovations in the past decade, and software solutions capable of changing all aspects of our lives.
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As one of the fastest developing industries, the mobile phone industry has brought us many innovations in the past decade, and software solutions capable of changing all aspects of our lives. Today, almost everything can be done through or on a smartphone, leading to the rise of mobile apps as a crucial part of our day-to-day lives. With the accessibility and connectivity that comes with our phones, it's clear to understand why having a mobile app is a smart business move. A business can offer convenience and rapidity to their users through their mobile app, catering to consumers via phones and reaching a broader scope of their target audience.

However, not many business owners know how to build a mobile app, so they are usually looking to hire a good and reliable software and app development company to build one that will ensure their brand's success. And with so many service providers, there's bound to be some stress over choosing the right app development company. So, to help you find the perfect app developing partner, we've presented a few important points you need to follow and shed some light on mobile app development companies and their services.

What do Mobile App Development Companies Do?

A mobile app development company is an agency specializing in designing and building apps and software solutions for all types of businesses and, more importantly, for various app development platforms and devices. Their development team can build any kind of app for mobile devices, smart devices, web, wearable technologies, smart TVs, tablets, and much more.

Their work includes programming the apps and creating an app concept, databases, admin panels, and APIs. Also, they'll be in charge of testing your mobile app, launching it on various app stores, and performing regular maintenance. But more importantly, a mobile app development company will take on the task of creating a design unique to your business brand and focus on giving the best user experience possible. This will allow your brand's voice and vision to come to life, reach your target audience faster and stand out from the competition with its functionality and consistency.

How to Choose the Best Mobile App Development Company?

mobile app development company
How to Find an App development Company

Your business will benefit the most if you manage to find a company with extensive experience, proven performance, and knowledge of the latest technology and industry trends and business skills. Here's what you need to do in order to snatch a great app developing partner:

#1 Define Your App Development Needs

Before you even start thinking about searching for a mobile development company, you need to sketch your business app goals and needs. For example, are you a retailer and need an eCommerce mobile app? Do you offer content rather than goods? The answers to these questions will impact the technology and app development tools needed to create your mobile business app. Therefore, it would help if you had your app development needs laid out before you take that initial consultation with an app development company of your choosing because it's up to you to translate those needs to them and their developers in order for them to do their job well. If you fail to communicate what your mobile business app is all about, the values it should bring, and the problems it should solve for your users, you'll make it impossible for the development team to build a wholesome and effective app. 

#2 Do Your Research: Check Out The Company's Portfolio

Checking a company's portfolio has never been easier. Today, most app development companies present their portfolio online and are happy to advertise their projects. Once you have your list of companies, go online and search for the projects they were involved with. You'll gain a clear sense of their technical expertise and industry domain. You can always ask them to show you examples of projects they've worked on similar to yours to gain insight into their experience. This will help you know whether the company is proficient at handling projects like yours and what their results were.

#3 Ask For References And Read Online Reviews

app development company reviews
App Development Company Reviews

Testimonials and reviews are one of the most valuable clues you can find and learn more about the company's reputation. Happy clients and diversity in clients are clear signs you've found a great app development company. Likewise, people dissatisfied with the service and product are more likely to share their experience in an online review. This will allow you to determine the company's flaws, whether it was a one-time mistake or something that the company has had issues with for a while now. Now, thanks to the reviews, you know which companies you need to stay away from.

#4 Ask The Right Questions Before Hiring

The more questions you ask, the more you know about what awaits you when you start working with an app dev company. However, you should always ask those most important questions rather than being hung up on some minor details. Make sure you see the example of their previous projects, learn all you can about the cost of their service and hidden expenses (if any), and their maintenance and support services. Learn as much as you can about the services they offer and which part of the mobile app development they'll be in charge off. For example, most companies provide UI and UX services, but some don't. On the other hand, some companies may include developing a marketing strategy or giving you a complete market analysis of their price. Always clarify what you're getting for the cost of their service.

Here are some questions you need to ask your app development company:

  • What is their Unique Selling Proposition (USP)?
  • How much will the app cost?
  • How long will it take to build the app?
  • Should you build an Android or iOS app, and can they build both if needed?
  • Who will manage the project and how?
  • How will they test the app?
  • Will they submit the app to the Stores?
  • Can they refer you to a client in your sector?
  • Do they offer maintenance and support services?
  • Are they willing to sign the NDA (Non-disclosure) agreement?
  • How can they handle your security concerns?
  • How do they specify the code ownership?
  • What is their approach to design?
  • How many developers will be available for your project?

#5 Keep Communication Open Throughout The Entire Process

A company that does not offer feedback regularly is not really a company you'll want to work with. However, the more experienced app development companies will make an effort to include you in the app development process by giving you at least a weekly report on the mobile app dev process. They'll also notify you of any changes, issues, or setbacks that may impact your business app's price or timeline. This type of transparency and honesty on their part means you have chosen an app company you can trust. Look for a company that will give you at least a weekly update and keeps you posted throughout the whole development process. Don't be alarmed if the company is notifying you of issues and problems they've encountered while developing your app- this is an honest approach and a good communication practice on their part. With a company like that, you'll be sure there will be full transparency in work and that they're not trying to cover up their mistakes.

Why You Should Trust Quantox As Your App Development Agency?

By being passionate and creative and collecting the best talents from the industry, Quantox became an award-winning mobile app development company. With an objective to provide top-quality app development services bespoke to our client's requirements and exceptional communication, we've become known as a leading mobile app development company in 7 different countries and one worth trusting in. If you need an expert mobile app development company that caters to your brand's needs, Quantox is happy to help you. Let's Talk!

DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

Blog
Top Trends in App Development: What Business Owners Need to Know
June 21, 2022
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by
Aleksandra Dzinovic
read time
The mobile application market has been burning since the first lock-down and in 2020 it was worth $318 billion. According to Statista, the mobile app market is expected to climb to $613 by 2025...
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Following the COVID-19 pandemic, it became clear exactly how much we can, and we do rely on technology to help us in our day-to-day life. The mobile application market has been burning since the first lock-down and in 2020 it was worth $318 billion. According to Statista, the mobile app market is expected to climb to $613 by 2025- a growth promising many opportunities for mobile software developers to build and deliver extraordinary mobile applications. This is why mobile apps are considered a smart business move in 2022.

With the technology advancements, consumer demands, and many other factors, mobile app trends are on the rise, but also hard to keep up with. Staying up to date with the latest mobile app trends is the most vital thing for businesses that want to leverage mobile apps to boost user interaction, retention, and increase sales. Furthermore, with the rise of mobile application trends, it becomes clear why investing in an app is a smart business move, one every business needs to consider. 

What are the Application Development Industry Trends in 2022?

2022 app development trends
Mobile App Development Trends 2022

caption mobile app development trends 2022

Armed with the tools for app development that will help you dominate your market, following these app development trends can be a game-changer for your company and your business mobile app.

  • 5G

Where once 5G was just an idea in the making, now it has become an industry standard. With 5G everything we do on our phones from this year on will be faster and more efficient. While some application development trends end up being just a one-year trend, 5G will change the way mobile apps are being built. With so many advantages of the 5G coming with every new device, developers have more opportunities to create faster, more efficient, and innovative apps.

Furthermore, it will be easier for businesses to move to 5G in 2022 because many mobile operators stated they will dedicate as much as 80% of their profit to building 5G networks until 2025, according to GMSA Mobile Economy 2021 Report. Also, 5G technology may pave the way for Open-Ran, an open radio access network, which is an industry-wide standard for RAN interfaces that support the exchange of information between vendors' equipment.

  • Mobile Commerce

Another thing the COVID-19 pandemic changed significantly is the way people go shopping. With the restrictions and lockdowns, people globally had to rely on the online eCommerce sector. To stay afloat, many businesses and retailers relied on mobile apps to earn profit during the crisis. And it worked. Not only that, but mobile apps during the pandemic also provided a much-needed sense of normality to all people by allowing them to shop for groceries, clothes, and other essentials.

Now, however, businesses are facing much larger competition and the only way to come out on top is to leverage an eCommerce business app.

Not only is an eCommerce app easy to use and gives easy access to products and services to its users, but it's also a great marketing tool. By using mCommerce platforms as a marketing channel, you directly connect to the end-users. Now, all it takes is a few push notifications of the latest deal, or a newsfeed informing them about the new offer, and you'll have better chances of reaching your target customers. Furthermore, if they decide to purchase your service or a product, this type of app will offer faster transactions for them, and they can get what they want in a shorter amount of time.

Mobile eCommerce can also increase in-store sales. Your users may use your mobile eCommerce app to check for product availability, pricing options, and reviews. By the time they come to the store, they've already decided to purchase your product.

  • Blockchain

One of the biggest concerns of mobile app users is the misuse of their personal data. Blockchain technology trends can solve this issue because it provides decentralized databases. So, those mobile apps that use blockchain technology for security purposes become end-to-end encrypted. This means no person or company has the rights to the data or to modify the data. E-banking systems and e-wallets use blockchain technology for safer digital transactions and knowing how to find an app development company you can trust is imperative if you want to build this type of mobile application.

Keeping duplicate records and third-party validations can make any system vulnerable to fraud and cyberattacks. Blockchain is a members-only network, meaning you'll be receiving timely and accurate data, which can be shared only with those to whom you specifically granted access. As all transactions are recorded permanently, they are immutable, and not even a system administrator can delete them. And lastly, every transaction can be sped up with something called a smart contract- a set of rules which is stored on the blockchain and can be executed automatically. So, when it comes to security, blockchain is guaranteed to give you that and then some.

  • Augmented Reality Technology
Difference between AR, AV and VR
Difference between AR, AV and VR

All the latest mobile app development trends include AR as a way to give a personalized experience to the end-user. Sellers and retailers can use AR to showcase their products in a more realistic way and even give their customers an option to try on clothes virtually before making a purchase. 

However, AR is not just a great trend to follow for retailers. Google Maps has something called ''Live View'‘; a feature created with the help of augmented reality technology. It lets you see the route in real-time on real-world images. We also must mention Pokémon Go which paved the way for AR in mobile app development with its unique and revolutionary way of using AR to engage its users.

Out of all trends, AR offers the most unique digital experience to the users. The best thing about it- your users don't need any special platform, hardware, or software to enjoy it. AR was first labeled as a gaming and entertainment technology, but there are so many examples of AR being used by businesses to increase user engagement. Those are the businesses that also managed to stand out from the crowd and cast a shadow on their competition by using AR to its full capacity. With AR they were able to come up with more creative campaigns that increased their position in the market.

  • Wearable Technology

No matter how convenient and easy mobiles are and how they've absolutely minimized the user's effort needed to handle one, we still need to use at least one hand for them. Driving with the phone has even become punishable by law since mobile phones prove to be a distraction during rides. 

This is the reason why wearables have gained such popularity and the industry has been growing more each year. Manufacturers and developers today are designing several different versions of smartwatches and smart earbuds and all of them allow their users to take phone calls and navigate their destination while being engaged in another activity. Today, wearables are an industry valued at over $44 billion and one of the top mobile application trends.

Mobile-first Approach in Application Development

Cell phones today are being used more than ever and are embedded in our daily routines. With their busy schedules, people have just a few moments to check for news while waiting for the train or an appointment. All the downtime we have is being used to ''check something online'' and it's no surprise that on average people use their phones as much as 5 hours per day. 

The term ''mobile-first'' was coined by Google CEO Eric Schmidt back in 2010 when he first recognized that developing and designing applications for mobiles has great potential. Mobile-first approach was supposed to fix the problem of desktop applications giving a low-quality user experience when switched to mobile, which was always a problem between different app development platforms. However, if the applications were created and designed with the mobile-first approach, prioritizing features and capabilities of this app development platform, developers would get a space where they can be creative about how to engage users. 

The ''Mobile-first'' approach is specifically important in design. The mobile-first design means that you start designing a mobile app from the mobile end, which has more restrictions. Once you satisfy the mobile platform criteria you can expand the app's features to create a desktop or a tablet version. This method is also called progressive advancement. However, if the designers decide to do it the other way around, start building the app from an advanced end like a desktop then gradually cut some functions or content to make it compatible with the mobile end, this method is called graceful degradation.

How to Get Started with Quantox App Development for Your Business?

Quantox Technology prides itself on staying on top of the latest mobile app development trends but also on using our in-house genius to come up with new and innovative ways our clients can improve their customer retention and user experience. With more than 16 years of knowledge and experience in the app development industry, we can accurately predict what the future app development trends will be and ensure our clients are one step ahead of the game. The future of mobile apps is with Quantox! Let’s Talk!

DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

News
Quantox Launched a Start-up Accelerator!
June 2, 2022
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admin
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QLab Accelerator aim is to support fresh ideas, build strong teams and make innovative startups possible. And we are starting from our own house!
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QLab is Born!

Having ideas is great - getting know-how is a step to another level!

QLab Accelerator aim is to support fresh ideas, build strong teams and make innovative startups possible. And we are starting from our own house!

Quantox launched an internal call for Quantox people with the most promising start-up ideas with a goal to support it and transform it into marketable digital solutions.

From professional guidance and mentoring support, specialized business & start-up knowledge, through networking and funding opportunities -  QLab is designed to give major support during the idea development from scratch.

By joining the contest and submitting their ideas, our people have a chance to get an opportunity for a 3 months educational program this summer, specially designed to turn their brainchild into a successful product, and get a chance for funding.

The most promising concepts and teams will be chosen for the program to gain essential business, expert, technical knowledge, and guidance from experienced mentors from all core fields, needed to kick off their start-up idea. Furthermore, the best idea on the final pitch will get a grant of 10.000 EUR to provide a smooth start and push for further development.

Lead by the mission to be a generator of internal knowledge, skills, and ideas to create value and make a leap in the digitalization era, and create an environment that encourages quality and innovative approaches to digital challenges, Quantox decided to start QLab Accelerator as an innovative tech nest for all those who aim to go further.

It is possible to turn ideas into reality with proper support and experienced people behind you. We believe in the ideas and knowledge that make a difference!

We truly believe in the potential of this program to discover remarkable solutions from our people and we are thrilled about the possibility to expand it beyond the internal hub in the future. 

It’s not just about ideas.

It’s about MAKING IDEAS HAPPEN!

Dare to innovate, we are here to support you!

Blog
How To Estimate the Cost of Software Development in 2022?
April 12, 2022
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by
Nadja Vukicevic
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When it comes to developing software for either a company or an individual, questions like ''How much will this cost'' and ''How much time will this take?'' are inevitable....
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When it comes to developing software for either a company or an individual, questions like ''How much will this cost'' and ''How much time will this take?'' are inevitable. One of the most important things that a project depends on is the cost of software development.

It's only natural for the clients to wonder whether they can afford software development and if it will be done within the desired timeframe. Most of the sales meetings will revolve around this question. However, many clients often don't realize how many different factors impact the cost of software development because the highly complex estimate process is not transparent to them.

software-development-cost

Still, when it comes to everything you need to know about software development in 2022 and all things related to making a good estimate, it's easy to get lost in a sea of information. That's why we decided to try to explain and help you understand this process better. The points we present to you will clarify the difference between Time and Effort and show you additional factors used to come up with a valid software development project estimate.

Average Cost of Software Development

If you are a start-up owner, having a precise estimate of the software development cost can help you plan your budget better. However, if you don’t have a detailed discussion with an IT company about the costs, all you’re going to get are vague answers.

This happens because more than just one factor determines the cost of the software. An app that requires only backend processing is much cheaper than one that’s connected to external systems and involves financial transactions. Still, a project’s complexity level is only one factor.

Other vital factors are the technology and people-hour required to build the software. The consensus online is that software development can cost anywhere from $50,000 to $250,000. If the app can be built in under 700 hours, the cost will be in the lower price range, but if you want the same app to work across all platforms (web, Android, iOS…), the cost will rise to a 6-figure price.

average-cost-of-software-development

Please take note that the prices listed in this article do not reflect the actual pricing of Quantox Technology but are rather a reflection of an analysis related to the average software development costs in the industry.

Main Factors of Estimating Software Development

The perfect software development cost estimate will consider that we are not living in a perfect world, and circumstances that are out of our control can happen often. Things like staff availability, deployment process, and the time it will take to access the system, or a database will affect the timeline of the project and, therefore, can affect the cost.  However, the following factors are the most important to explore if you want to learn how to determine the cost of software development in 2022.

  • Platform

Different platforms like Android, Web, and iOS have a different volumes of users, and depending on which platform you’re building your software, you’ll be able to reach a different number of possible users. However, developing a cross-platform app takes means that the cost of software development is going to go up. A cross-platform app is deployable on all platforms with the same codebase. Still, you need an experienced team to save time on building this type of app, and it may not even be the best solution for products that include streaming, graphs, and dashboards.

Your next solution is to build a native app for each platform meaning one codebase for iOS native to this platform, and a different code for Android. However, this solution is also the most expensive one as you’re building two separate applications. You can always do what most start-ups do- focus on one platform until you achieve a certain level of success and expand your budget. After that, you can easily take on the cost of building the same app for all other platforms.

Now you're probably wondering, "But what about the cost of the software development technology?". If you opt for one of these 10 software development trends in 2022, like augmented reality, virtual reality, or blockchain, it may cost you more. However, you're still paying a developer, engineer, or programmer for the job. Most of these technologies do not require a special type of equipment to execute a project successfully- it's the knowledge and effort of the person working on it that's going to cost a little bit extra.

  • Type of software project

Software development projects can be divided into the following types starting from the lowest level to the highest:

  • Web Development: a custom web-based software development
  • Software Integration: the existing software's capability is expanded by adding custom code. Here we include plugins, or packages like Office, data flow manipulation (NetSuite to QuickBooks), and similar.
  • Software Modification: large-scale enhancement of the already existing software
  • New Software Development: custom development of brand-new software.
Type-of-software-project

Depending on the type of the project, we'll need a different team with a different amount of development effort. Once we have all the facts, we will reach the final estimate by combining this information with the project size analysis and team analysis.

The Size of the Software Project

This step can be a bit trickier because the size of the project sometimes doesn't correspond to its complexity. A large project can sometimes be more straightforward than a small but highly complicated project. Generally, software development projects are divided into small, medium, large, and enterprise.

  • Small Software Project: Small software projects are considered those that will involve minor changes like making bug fixes or making minor changes to the user interface. All communication with the client will be them saying, "I want this changed/fixed," followed by "Here is how we changed/fixed it."
  • Medium Software Project: In this category, we can include a small mobile application or web interface- anything where we have a single source of data. Medium-sized projects do include more minor tweaks and fixed, but also solutions and integrations. The interaction with the client is not as limited, and you may expect a few sessions or regular weekly check-ins.
  • Large Software Projects: Almost everything is included in large-scale software projects: syst4ems integration, databases, security, logging features, framework, thinking hard about maintainability and scalability while creating multi-party applications across all known platforms. The client interaction is often daily, with weekly status calls being made to the higher-level management.
  • Enterprise Software Project: Think of a large project and multiply it by a dozen. Enterprise-level projects are almost always built upon an underlying framework. Security, error handling, and logging are much stricter, while data integrity has become vital for these applications. Support systems are built to be "bulletproof" and handle as many as three concurrent faults without the user noticing anything. A great example is an Uber mobile app. In these types of projects, the client and the IT team become one, and their interaction includes daily status reports and calls across teams and divisions and weekly status calls to the higher-level management.


  • Size of Development Team

When it comes to the size of the development team on one project, usually, we'll have at least three roles- a Project Manager, a Developer, and a QA Tester. However, depending on the size of the project, these three can expand the scope of their work, and we can have a developer who's also in charge of a testing phase. Larger projects, however, prefer to assign one role to one team member to get the job done.

size-of-development-team
  • Location

Hiring software developers anywhere in the US or Western Europe may overwhelm your budget because their hourly fee averages around $100/hour. The developers based in eastern Europe proved that they could build software applications without compromising the quality and at a much lower rate. Asia can also offer software development professionals at a lower rate, but time zone, language barriers, and cultural differences proved to be a challenge for any type of project.

  • Hiring Options

The IT industry allows you to find the best developers in the world to work on your software. You can hire a software developer in three different ways- as a freelancer, within an in-house team, or by outsourcing a development company.

-Freelance Software Developers: While there are a lot of great freelancing platforms where you can find amazing software developers for a low price, there’s practically little to no guarantee that your project will be completed successfully, if at all. There’s also no way for you to control the freelancer and the progress they are making on your project.

-In-house: Having an in-house software developer means hiring the one to work on your project from the comfort of your own office. That way, any issues or bugs can be resolved on the spot. However, the recruitment process can be time-consuming, even with the help of LinkedIn or Glassdoor. You’ll also find that having an in-house software engineer can require more investments in salaries, taxes, and equipment as well. Also, you’ll find out that software developers need a lot of really helpful software development tools to allow them to build and integrate your new software app, and this is something that will also have to come out of your budget.

-Outsourced: Software Development Outsourcing has a much more significant impact on the cost of software development. While developing software in-house does provide a certain amount of security to the client, the cost of outsourcing software development outweighs the additional security by reducing the cost by 40%. 

This happens because there's a gap between developed and developing countries like India and Mexico. With outsourcing, you can cut costs and still get a top-notch product. All it takes is a bit more focus on choosing the best software development partner in 2022 to get your project completed.

Our methodology for estimation of Software Development Cost

At Quantox, we recognize that there are no two businesses that are the same, and similarly, the apps and software we create for our clients are all unique. However, to start-up and business clients, knowing the cost of software development is imperative to plan their budget.

Our systematic process allows us to give our clients a precise cost estimate. When you show your interest in working with Quantox Technology, we make sure to schedule a meeting and discuss your idea in detail. We will ask you detailed questions regarding your app or software but also related to your goals and business requirements. You'll receive your cost estimate with an architecture diagram within seven (7) working days.

If you are satisfied with the project cost estimate, we can present a few options to start building your app the best way.

 How Quantox Can Help Your Business with Software development

Quantox Technology has been developing tailored software solutions for more than a decade, and we have a track record of creating accurate software development cost estimates. By including the non-technical factors that impact the cost of software development, our clients have a clear picture of what it takes to digitalize their ideas. If you need a software development cost estimate, Quantox Technology will be glad to assist you with it. Let's Talk!

You can learn more about how to estimate the cost of software development in our free eBook “The Ultimate Guide to software development in 2022”. Find out more about the 2022 programming trends and software development tools that can help your business grow.

Blog
EY Fast Growing Entrepreneur 2021
April 10, 2022
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by
Nadja Vukicevic
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Quantox leaders are awarded the "EY Fast Growing Entrepreneur 2021" prize by the global auditing and consulting company Ernst & Young.
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Uplift for further steps

Quantox leaders are awarded the "EY Fast Growing Entrepreneur 2021" prize by the global auditing and consulting company Ernst & Young.

Vuk Popović and Filip Karaičić on behalf of Quantox Technology have been recognized among the most successful in 2021. at a ceremony which was held in Belgrade last month. This is the tenth year in a row that E & Y, through its global “Entrepreneur of the Year™” program, supports and promotes entrepreneurial achievements among individuals and companies that demonstrate vision, leadership and success.

Quantox is a story about vision.

Proof that ideas and dreams come true.

Vuk Popovic, founder, says:

"For me, being an entrepreneur means never stopping to learn and develop. Tackling technology 15 years ago as an entrepreneurial endeavour - with willpower, effort and persistence - has made Quantox an international company with more than 500 experts working in 13 development centres in 7 countries. It took courage and the vision remained the same -  improving our environment, the city, the country and the whole IT sphere and the world of technology by improving ourselves. "

According to Vuk, it was not easy at the very beginning, but each phase of development had its own challenges and achievements.

“One of the first goals was to primarily enable people across our country to work in the IT industry for global clients from their home city. The sudden changes and challenges in the last two years when we switched to remote work have shown how flexible we are and company still has continued to grow rapidly due to such circumstances, which was additionally influenced by the market situation. Today, the company cooperates with clients from over 15 countries around the world and various industries - from small brands to large international companies, which is a great motivation to be even better. One of the biggest challenges is achieving stable and sustainable growth and that is what we are constantly striving for - to grow stronger and improve quality, every day. This award is certainly an extra push in that mission."

Filip Karaičić, CEO of Quantox Technology, confirms that the journey took a lot of years, effort and energy, but after expanding into new foreign markets, doubling the number of employees in the last two years and the first domestic acquisitions, the company is more than ever ready for new steps forward.

"The end of the previous year was marked with the first Quantox’s acquisition in Serbia and we entered the spring of 2022. stronger for another domestic company and new team members. We are growing and pushing the boundaries and we are glad to be recognized in that stride. The IT industry is one of the fastest growing, providing constant dynamics and new opportunities. We believe that our position also brings the responsibility to encourage the progress of each individual, company as a whole and thus contribute to an even better positioning of Serbia on the global IT map. "

Plans for the future are a further expansion of expert teams and development centers in Western European countries, entry into new markets, and new acquisitions in the country and the region. "With the further expansion of expertise, we continue our mission to create an environment that encourages a progressive and innovative approach to digital challenges," concludes Filip.

During the previous years, more than 200 companies with 222 candidates participated in this program in the Republic of Serbia, and it’s a great pleasure to be chosen in the narrowest circle of visionaries with recognized achievements. 

The winners are chosen by an independent expert jury and selection is based on success factors such as entrepreneurial spirit, financial indicators, strategic direction, regional or international market presence, innovation, and personal integrity.

Great honor and motivation for the whole Quantox team!

Blog
Top 10 Software Development tools in 2022
April 1, 2022
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by
Nadja Vukicevic
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As the world enters deeper into the digital era, it becomes clear that software development and the software industry, in general, will become essential.
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As the world enters deeper into the digital era, it becomes clear that software development and the software industry, in general, will become essential. As a result, the software industry has already become the fastest-growing industry globally, and it continues to grow even more every day.

This phenomenon becomes easy to understand when we look at all the areas of our lives powered by software. Everything is powered by, controlled, or maintained by some type of software, from our homes, appliances, and bank accounts to medical equipment and even state security.

Creating software is not an easy task, and there's no one more important in the software development process than those who will create the software- software engineers and programmers. Thanks to their skill and meticulous work, we can have a myriad of software designed to meet our every need as human beings and society.

The whole development process
The whole development process

As such, software is essential for companies that want to be at the top of the market and stay there. The biggest benefits of having sustainable and secure software within an organization are increasing work efficiency and improving micromanagement.

However, software development is anything but arbitrary — the software development process is an incredibly detailed process that includes analysis, software development cost estimate, design, and development even before programmers begin writing the code. When backed up by the best development tools, programmers will have a much easier time creating, maintaining, debugging, and editing applications, programs, and frameworks. This is why finding the right software development partner that will handle all stages of the software development process is the most important thing for all companies. 

What is a software development tool?

Software development tools can also be called software programming tools because they are computer programs designed to make programming easier. They are used by software developers and programmers to write the code, but also to maintain and edit the code if needed. Software development tools can also be used for the support and debugging of other programs or applications. So in a nutshell, software development tools are software that makes software development easier and in some cases, possible.

There are thousands of great software development tools today and choosing the right one can be stressful and daunting. However, the reason why there are so many software development tools is that each one corresponds to a different need or preference. So, while having a choice can be confusing, it’s much better than having no choice or a limited one. And when it comes to choosing the right development trend, including a programming tool, finding the one that will suit all requirements can be considered as a jackpot.

Choosing the right one will depend on the project’s requirements, mainly on the framework and methodologies established in the early software development stage. Apart from that, there are also a few factors to consider before picking those development tools that will be the backbone of the project. In other words, the most important thing you need to know about software development is that developing tools are just too vital for software development to be overlooked.

The list of a software development tools
The list of a software development tools

Factors to consider while selecting a software development tool

The software tool is only as good as its software development process. Before a programmer starts writing the code, every detail such as specifications, framework, programming language, design, and goal must be determined. Likewise, having these in place will also help when choosing a perfect software development tool. The following factors will help you choose the best developer tools.

Must Be Applicable to the environment 

You wouldn't teach a fish to fly, so why would you use a Windows Desktop application for web deployment? Again, it's imperative that the software development tool is relevant to the given project's environment and applies to it perfectly.

Company Standards

Software development tools can also be used within a company to standardize. With a development tool, the company can move developers quickly between projects and creates one standard across all projects. 

Is the Tool Useful?

The collection of software development tools in the project must be, in fact, applicable to the project from the first software development phase to the completion of the project. 

Prior Experience With the Tool

A development team's experience with development tools should be taken into consideration. If the team is familiar with a software tool and the same tool could be useful to the project, it's a classic case of a win-win situation with a promise of a better workflow throughout the project.

Learning Curve

All developing tools have a learning curve, and some are easier to integrate into a team, while some are more challenging to add. Things like how much effort and time is needed to use the development tool should play a significant part in the decision-making process.

List of Best Software Development Tools

There are software tools for creating, and there are developing tools for debugging- for this reason, there are different categories of programmers' tools. The top 10 software development tools in 2022 are listed below.

1. Developer tools

Embold

As a software analytics platform that can analyze source code and uncover issues, Embold can save plenty of time and energy on fixing bugs and ensuring a program has security and maintainability. 

Best Features:

o   Embold plugins allow the developer to see the errors and vulnerabilities as they code before making commits.

o   Anti-pattern detection makes sure there is no compounding of unmaintainable code.

o   Easy to integrate with GitHub, Azure, Bitbucket, with plugins available for IntelliJ IDEA and Eclipse

o   Faster and deeper checks across ten programming languages

2. IDE Tools

NetBeans

Written in Java, the fastest web, mobile and desktop framework, NetBeans is a great open-source development tool. It uses C/C++, PHP, Java, JavaScript, and more.

Best Features:

o   NetBeans works with any operating system- Linux, Mac OS, Solaris, Windows, etc.

o   With features like Smart Code Editing, writing bug-free code, easy management process, and rapid UI development, it's no wonder it's the best IDE tool in 2022.

o   NetBeans 8 IDE offers code analyzers, converters, and editors that make updating the newest edition of Java applications easy.

o   Contributes to the learning curve of new developers and helps them understand the application structure with a well-organized code.

3. Database Tools

DBSchema

The ultimate virtual database designer tool, DBSchema, is used as a management tool for any database. 

Best features:

o   DBSchema supports NoSQL and SQLite, MySQL, Redshift, MongoDB, Showelflake, PostgreSQL, Microsoft SQL, etc. 

o   DBSchema allows the use of virtual keys to finding data from multiple tables.

o   'Query Builder' allows developers with minimum SQL experience to crate database queries visually.

o   Accessible test data generating for database admins and developers with 'Random Data Generator.'

o   Builds interactive chards, tables, and report sheets with 'Report Generator.'

4. Frameworks

Bootstrap

Bootstrap is the best open source and free framework for those developers building responsive websites and mobile-first software with CSS, JS, and HTML. It's a tool to use to develop faster but simpler websites.

Best Features:

o   You can customize it according to each project's requirements as an open-source tool.

o   Its built-in components are used in accumulating responsive websites with a drag and drop facility.

o   Application building is enabled by Bootstrap's plug-ins, pre-build components, responsive grid system, Sass variables, and mixins.

o   Great when it comes to quick ideas modeling and building web applications.

5. Cloud Tools

Azure

Microsoft Azure, a cloud computing service, can design, deploy, test, and manage web applications or any hybrid could application thanks to Microsoft's global network of data centers.

Best Features:

o   Offers various services like mobile services, storage, messaging, media services, data management, CDN, virtual network, etc.

o   Azure supports many programming languages - .NET, Python, PHP, JavaScript, and more.

o   A detailed pricing list is available on their website.

6. Data Science Tools

Dataiku DSS

As a collaborative data science software platform, Dataiku DSS is used by data scientists, data analysts, and engineers to prototype, build and deliver their data products.

Best Features:

o   With Dataiku, DSS developers can profile the data visually at every stage.

o   80+ built-in functions allow developers to enrich, blend, and clean their data.

o   Dataiku DSS allows developers to build and optimize models in Python or R and also integrate any ML library through code's APIs.

7. Source Control Tools

GitHub

GitHub is probably the first thing most beginner programmers learn. GitHub makes code review and code management easier as a collaboration tool and development platform. Its users can build applications and software, manage projects, host, and review their code all in one place-GitHub.

Best features:

o   Easy code documentation and hosting from the same repositories.

o   GitHub project management tools are task-oriented, helping programmers co/ordinate easily and stay aligned.

o   Useful in large teams because of its code security, integration with other developing tools, and an option to access control among the team members.

o    It can be hosted on servers, and a could platform, and it also runs on Windows and Mac OS.

o    For open-source projects and public use, GitHub is free. However, their pricing plan for developers, teams, and organizations falls in the 'cost-efficient' category.

8. Prototyping Tools

Axure

Axure is mainly used by product managers, IT consultants, and business analysts worldwide to provide them with a way to produce wireframes, prototypes, and create documentation.

Best features:

o   Axure RP can generate prototypes in HTML and provide a link for sharing

o   It will be one of the best developing tools in 2022 because it allows several people to simultaneously work on the same file.

o   Runs on Microsoft IIS with either a MySQL or Microsoft SQL server database

o   Helps with creating and maintaining widget libraries

9. DevOps Tools

Codenvy

Codenvy is a cloud development environment that can be used for application coding and debugging and sharing projects in real-time.

Best Features:

o   As a cloud-based IDE, you don't have to install or configure Codenvy

o   It can be integrated with Jira, Jenkins, Eclipse Che extensions, or other private toolchains.

o   It can also be customized using IDE extensions, commands, stacks, editors, RESTful APIs, server-side extension plug-ins, etc.

o   It can run across platforms- on Windows, Mac OS, and Linux. It can also run in a public or private cloud.

10.  Notification Tools

Send Bird

Send Bird tool is used as a messaging and chat API for websites and mobile apps. It prevents spam from flooding chat rooms and offers scalability for a greater audience volume.

Best Features:

o   Send Bird can read and track the status of messages sent.

o   Customer support and product recommendation are bot-assisted.

o   Offers Call-backs & Push Notifications

o   Read Receipt & Delivery Status

How Quantox Can Help Your Business with Software Development?

The success of your project can depend on what type of software development tool you choose but having the right kind of people working on your project is more vital to the success of your project. By choosing Quantox as your software development and IT solutions partner, you ensure your project is in 'safe hands'- those that will give you a high-quality code, keep the communication and the highest level, be flexible to meet your and your project's requirements and provide you with the top-notch IT service. Launch your projects with the best software development solutions at Quantox Technology and IT Solutions. Let’s Talk!

In our free ebook "The Ultimate guide to software development in 2022" we cover everything you need to know about Software Development. Learn how software is developed and how it can help your business.

 DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

Blog
The list of outsourcing benefits for your business
February 25, 2022
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by
admin
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Is your business regularly dealing with day-to-day fires? You know that in-house staff is very busy and you have problems finding and retaining new people? The answer to overwhelming IT issues that you are experiencing can be outsourcing.
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Is your business regularly dealing with day-to-day fires? You know that in-house staff is very busy and you have problems finding and retaining new people? The answer to overwhelming IT issues that you are experiencing can be outsourcing. Whether you are a small business or a big enterprise, there are some parts of your IT department that can be handed to a third party to manage and organize. Simply put, it is hard to do internal 24/7 monitoring and management of an entire, often cumbersome, IT infrastructure. Many of the issues that can happen incur additional costs and potential business disturbances. Further failures, hardware, and software disasters, operation disorganization can be prevented. Additional costs can be prevented. Use some help. Provide support to your IT people, too.

What do you get from Outsourcing?

If you do research about outsourcing, you will find dozens of reasons why outsourcing is profitable and how it can impact your business. Let us highlight some of the most important that tells exactly what you get:

Money

Additional in-house expertise that you need can be a really expensive investment. New recruitment, employee onboarding, more payrolls - all of this usually demands you to first enlarge your HR team, before you even start recruiting the experts you need. As you may already be very well aware, all of this costs money. And a lot of it. Not only are you paying full employee packages for the IT experts that you need, but you are also paying the same for recruiters and other staff you might need to onboard all those new people. Of course, we must not forget the fact that this will take a lot of time, further costing you money as problems are not being handled, upgrades are not being installed, and more.By providing you with just the right experts at just the right time (usually yesterday), outsourcing can save you enormous amounts of money.

Resources

No more waste. No more resource mismanagement that doesn’t yield the wanted results and productivity. By choosing an outsourcing business model, you will have access to the widest range of resources that you don’t have in-house or you cannot afford to bring in-house. A larger resource platform also means you get to make smart moves and balance between proper task processing and quality customer service. An outsourcing partner will help you reach that balance and guide you on how to use these resources.

Time

Free your schedule of simple tasks and use your energy to develop ideas and potential new projects that can generate more income. Outsourcing gives you more time to focus on tasks that require your dedication. Let someone with more experience or someone more knowledgeable handle the work that distracts you. On the other hand, by involving a third party in your project, you are giving your business much-needed time and also a chance to reach sustainable, effective growth.

Storage

Your business needs don’t match your storage capacity? A simple solution is to outsource your data storage. Why? New assets are not necessary. On the other hand, the usage of modern technologies is possible without having to hire new IT staff. The highest costs in internal data storage are in administration and backup. If you handle this to an outsourcer, you will experience an overall cost drop. Do not worry about risk mitigation, because your outsourcing partner has automatically saved your data offsite and has a fully integrated system for data restoration within the business requirements.  

Bussines Focus

Closely tied with time management, business focus is something that you can lose with an overwhelmed IT department and unsatisfied employees. With all issues you have to deal with, you simply don’t have time to focus on core things, business goals, and growth. An outsourcing partner can be a valuable, long-term partner. A partner that will provide you time that, currently, you don’t have. You need a professional outsourcing management strategy that can save you from internal and external fires and potential damage to your business’ very foundations.

How to get the ‘outsourcing benefits’ full potential?

Let be honest, outsourcing projects can fail. But, failure can be prevented. Success depends on both sides, and, in most cases,proper communication is the right recipe.

Steps for strong Outsourcing partnership

Steps for strong Outsourcing partnership

If you want to build a strong relationship with an outsourcing partner, you need to work on:

Clear requests

Techspeak and bizspeak are something that both sides need to avoid. Do not use terminology that the other party doesn’t understand. Speak as clearly and succinctly as you can, provide clear requests because that will lead to a product that you can use. There is no textbook that you can follow to 100% guarantee successful communication. Maintaining outsourcing relationships can be challenging andit relies on transparency, clear goals, and demands, delivered in a timely manner. When you choose your outsourcing partner, always pay attention to their strategy of delivering unique value outcomes. The Quantox approach also consists of the best practices for communication and well-established plans for request delivery.

Detailed project

For a proper outsourcing strategy, details are a must. Details will help you present your vision and goals in the most effective way, reducing the chances of miscommunication, mistakes, and subsequent corrections. Invest time and effort in explaining your project, what you want to get out of it, and what you want your customers to get. You have a totally new range of resources in front of you, but only a detailed project can fully use them.

Transparent communication

Achieving the right relationship is possible only with good communication. Do not hide crucial information, good or bad. Avoid long delays in actionable feedback, keep in touch with your partner and inform them regularly of the current status. Let them know how you feel and what your expectations are. Be transparent and expect transparency from the other side.

Approach to internal resources

Network discovery is a part of setting up a quality outsourcing partner process. It requires a careful approach to your internal resources. Engineers and the sales team will need information about servers, firewalls, antivirus software, and other technical parts that are used.

How can Quantox help you save your business?

Regardless of the industry, you operate in, our way of reaching the predefined goals is based on an open and transparent environment.This trust makes us easy to work with, while still providing you with an extremely professional team and a high-quality product.Through constant development and improvement, we have learned to listen and understand the clients’ needs. This helps us provide the service that will supply your business with the most perfect solutions. Tonnes of business ideas brought to life through brave and sometimes even crazy steps. None of Quantox’s over 160 finished projects would be possible without a team from 7 different countries that we rely on. All our expertise, experience, ideas, and unique strategies can be at your disposal and provide you with different perspectives. Perspectives that will set you free from feeling that your vision is not fully developed or that some opportunities were missed. You need a new strategy for a journey that, through trust and good communication, will lead your project to a functional reality. Let’s find out together how we can make it happen.

Blog
How are WHOIS mobile applications made?
January 21, 2022
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by
admin
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Hackathon|Quantox team|Quantox tech
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Impressions of the WHOIS Hackathon 2021 winning team

The impressions of the WHOIS Hackathon winning team Redtech Zemare confirmed the assumption of the organizers - "domain themes'' not only can be interesting to developers - but can provide insight and knowledge about the part of the IT industry that is not so often in focus.Young software engineers Milan Cupać, Željko Lučić, Igor Stevanović, Andrija Jelenković, and Damjan Denić created the best application during a two-day WHOIS hackathon jointly organized by the Serbian National Internet Domain Registry Foundation (RNIDS) and Quantox Technology on September 25 and 26.

The task for the selected teams was as follows - within 48 hours create a mobile application that provides WHOIS and DNS data - meaning offering answers about free or registered domain names in domain spaces around the world, primarily national .rs and .srb domain spaces.After 48 hours of monitoring and final 10 presented solutions, the jury consisted of Petar Slović, Director of Innovation, Quantox Technology, Damjan Tomić, Technical Director of IT Biz Solutions, and Dušan Stojičević, the former co-chair of the Universal Acceptability Group (UASG) ICANN, had a difficult task. Solutions were evaluated according to the following criteria: completeness of the solution, the relevance of the solution (possibility of real application), UI / UX (design and ease of use of the application), quality of code (ease of maintenance), scalability (whether the application can work with the real number of users) and the presentation of the solution itself.The result of the two-day process was 10 fully functional applications whose code quality was at a remarkable level, having in mind a very short deadline and teams with different levels of experience (one high school team also participated in the hackathon). Each team approached the project task in an original way and used completely different technologies.Through the link, it is possible to access the winning solution on the Github platform.A video presentation of all solutions from the hackathon is available at the link.Why the WHOIS hackathonWhat happened behind the scenes during the 48 hours of work on the applications? What was the biggest challenge in the process of creating the application? Did working with Cyrillic domains challenging and how much?Members of the winning team shared their impressions and answers to these and other questions - why they applied, what they knew about domains and DNS, Universal Acceptance before, and what they learned after the hackathon.Listen to the experiences of the Redtech Zemare team.https://www.youtube.com/watch?v=YO8lDmd8QvkSource: https://www.rnids.rs/lat/novosti/whois-hakaton-kako-se-prave-whois-mobilne-aplikacije

Blog
International Computer Security Day
November 30, 2021
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admin
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intrnet|Quantox blog|security
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By Filip Dimovski

Keeping security and privacy in check

The world has become more connected than ever before in human history, and with the growing complexity and advancement of integrated circuits, hardware and software, security has become an even more important topic of discussion and concern. Information technology is encompassing and enriching our lives, but that also brings new challenges that we ought to tackle, in order to ensure technological advances are used in an ethically proper manner.The 30th of November was introduced by the Association of Computer Machinery as the International Computer Security Day in order to raise awareness of the security implications technology has brought forth.This blog article intends to mention some of the important aspects of security that we face every day, and give some helpful information on how to improve our security and privacy by employing some good practices.Using many computing resources and online services requires authorization, and checking for the identity of the user that wants to access them is called authentication. What is usually used for this process is a piece of information that only the user is supposed to know: the password. Passwords are supposed to be long and complex, known only to the user, and kept safe. Passwords should not be a word from the dictionary or contain any data related to the user (e.g. date or place of birth, parents’ names), as these can be easily guessed and derived from public information, or even a conversation with the person. Instead, a user should generate random long passwords and store them in password management software. For example, have one password to remember that unlocks the password manager, and this software keeps long random passwords of the services you use, which you do not need to remember.Besides passwords, adding to the security of authorizing access to services is the so-called Two Factor Authentication (2FA), where a user uses something they own (a smartphone) to generate via an application (or receive via SMS) ephemeral time-based codes, which they can use to authenticate themselves to the system. This increases security further, as there is one more obstacle for a malicious party to overcome if they intend to break into the system. Personally, I recommend using smartphone authentication applications instead of SMS, since SMS messages may be intercepted, and the applications cannot be (and they do not require cell phone coverage).Security goes hand in hand with privacy. We’re increasingly relying on free services that allow us to communicate with our friends and family; however, if we take a thorough look at the fine print of their terms and conditions, we will notice that most of them gather our private data, conversations, pictures and other personal information that we willingly give, so they can monetize it, i.e. earn from it, by selling it to third parties and serving us targeted advertising. This has serious implications for our privacy, as conversations that were meant to stay private now are used to gather more data about us, thus profiling us and learning more about our habits. This information, if not adequately protected from unauthorized access or malicious use, can be used to target users and manipulate public and personal opinions. That is why it is important to set up and use services that offer end-to-end encryption for private communication, where only the parties involved in the conversation can see it, and no one else.One of the weakest links in computer security is the so-called “human factor” - the users themselves. Clever malicious parties can use so-called “social engineering” in order to gather more information about a user and convince them to allow them access to a system or a service. This can be done either indirectly, via email and messaging, or even via conversations in person. This is why it is important to not share a lot of information about ourselves and not to use that information in any passwords or any methods of authentication.Besides these security considerations, it is also important to mention the importance of using secure and auditable software. Ensure the software you are using is up to date, and that you install necessary software from reputable vendors. For example, most of the popular Linux distributions offer open-source software and timely security updates, and the software’s code is available to everyone for review and reuse.

Unite and 5upport - Applications for the HIT CS 2 Vol.5 are now open!
March 29, 2024
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Sanja Savić
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The traditional spring CS 2 tournament is here! Register your team by April 18th and see you on April 20-21 for a GG! Follow the news for all details.
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The traditional spring CS 2 tournament is here!

Serbian IT companies will unite on April 20-21 for the charity tournament.

Previous years were marked by playing for Serbian maternity hospitals, and the IT community did an outstanding job. Generous donations were distributed to hospitals in Pirot and Priboj. In 2024, companies will come together for a new cause - Serbian forests and the Quantox Foundation users.

Companies can register up to 3 teams and contribute financial funds to the common fund. Just like in previous years, Quantox is kickstarting with a donation of one million dinars.

The seedlings transplantation will be organized in collaboration with Zvezdine igre, aiming to achieve a noble mission - one million new trees in Serbia within the next 7 years.

We anticipate the HIT CS 2 crew to expand this year with new companies and teams that will compete, enjoy the game, and once again showcase that the greatest victory is Humanity.

Register your team by April 18th.

For team registration and more details, visit: https://hitturnir.com/

It's time to continue to play even harder!

Quantox Team is Attending Money Motion 2024 conference in Zagreb
March 18, 2024
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Sanja Savić
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Quantox will be in Zagreb, attending the Money Motion 2024 conference! Meet our C-level crew for networking and insights.
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Quantox team is set to attend the Money Motion 2024 conference to explore new opportunities in fintech and blockchain.

Money Motion 2024, taking place on March 21 and 22 in Zagreb, promises to be the pulse of FinTech innovation. Attendees can expect the latest updates, groundbreaking insights, and exclusive interviews covering finance, payments, crypto, and technology.

This conference presents an excellent opportunity to delve into the present landscape of payment methods and investment diversification, while also gaining insights into projected future customer expectations.

Q crew, led by Nemanja Lazić (CBO) and Ivan Ćirić (CTO) will be in Zagreb to network, share expertise in the FinTech field, and offer top-notch software solutions. 

Location: Zagreb Fair, Avenija Dubrovnik 15

See you in Croatia!

Expanding opportunities: Quantox team attends Acumatica Summit in Las Vegas
January 25, 2024
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Sanja Savić
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Acumatica Summit 2024 is a go-to destination for the latest technology and innovations. This renowned annual event will gather industry experts from January 28 - January 31 and Quantox team will be there. Let`s meet!
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Our next stop is Las Vegas, a go-to destination for the latest technology and innovations!

The Acumatica Summit 2024, is scheduled from Sunday, January 28, to Wednesday, January 31. This four-day event offers a prime platform for networking, learning, and training. Attendees can expect visionary mainstage keynotes, informative breakout sessions, and inspiring customer stories that highlight the latest industry-defining innovations and trends. 

Acumatica Summit is the perfect destination for connecting with experts, discovering cutting-edge technology, and fostering business growth. 

Our Q team - CEO Filip Karaičić and Head of Managed Services Dušan Milojević, will be on the spot participating in interactive sessions and offering high-quality software solutions and unique digital experiences.

Location: The Wynn Hotel, Las Vegas 

Looking forward to meeting you in Las Vegas!

News
QBack - Miljan Simonović: New Possibilities for Success on PM Journey
November 3, 2023
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by
Nađa Vukićević
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QBack is a story about Miljan who returned to our company after a while.
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The return of Miljan Simonović to our company marks not only the comeback of an experienced professional but also the continuation of an exceptionally fruitful collaboration. During the past period, Miljan has demonstrated his qualities and dedication, and we have been pleased to follow his professional development. We maintained contact, waiting for the right opportunity to embark on a shared journey towards an even more successful future. 

Miljan's return to the role of a Project Manager enables him to, step by step, realize his professional ambitions. We continue to build our story together, with full confidence in Miljan's ability to achieve outstanding results.

How do you view your previous experience with Quantox, and can you share some details about your start with the company?

My first encounter with Quantox was during my studies when I started as a junior Project Manager. Before that, I was active in the nonprofit sector, organizing events and small projects. So, Quantox marked the beginning of my corporate career. I worked on numerous projects, learned, tried new things, and developed myself. Despite the later challenges of the pandemic and uncertainty, Quantox is a company that truly cares about its employees and made an effort to ensure that challenges were not felt, and teams adapted well to remote work.

 How do you believe the time initially spent with us prepared you for your current career?

Regarding my initial experience with Quantox, I would highlight two things. Firstly, the excellent mentorship I received. I believe that at the beginning of one's career, having a good mentor is crucial. They provide support for learning and development while also assigning real and challenging tasks that help gain experience – something I definitely had at Quantox. Secondly, the diversity of projects. Working in the outsourcing world allows constant learning through different projects and working with different clients. Each new project is a unique story, a new idea to be realized, and new challenges to overcome – each new experience contributes to making future work easier.

Do you believe this is the right moment for your second experience at Quantox, and why?

Absolutely! In the past period, I have matured and gained a lot of experience, working with startups, smaller companies, and even corporations like IBM. Now is the right time to leverage that experience and take project management to a higher level. Quantox has also matured significantly, working on internal organization, growth, and strategic expansion. Despite industry challenges, there's no better way to progress than by solving problems and facing challenges.

Have there been any changes in your professional journey in the past?

The core of my career has always been communication with people and working on various activities. The type of projects has changed, ranging from in-house product development to outsourcing projects and improving internal processes. Industries have also changed – from education to healthcare, cloud services, and blockchain. However, my role as a Project Manager has remained consistent, helping teams develop outstanding products.

In which areas do you think your previous experience will bring the most value to the PM team?

Primarily, in improving organization and processes. I've had the opportunity to work with numerous startups and scale-ups in establishing PM teams, creating custom PM frameworks, and structuring internal processes. Quantox has made significant progress in internal organization since my first time here when there were around 200 employees, so I see room for further improvement and stability to support the company's continued growth. Of course, my primary focus is on project delivery, and my previous experience in different industries will make it easier to work at Quantox, where each project is innovative in its own way, depending on the industry, technologies, and the client's imagination.

What do you think are the biggest challenges for project managers in the industry today?

As a global challenge that has been widely discussed recently, I would mention remote work. It's much easier to work with a team that's in the same room because co-location facilitates effective communication, team building, and problem-solving. 

The pandemic has brought a new normal – distributed teams and remote work, but the post-COVID era is trying to reintroduce office work through hybrid models. It's up to project managers to find the best solution for their projects and teams. Additionally, there are constant industry changes, a constant influx of new methodologies, frameworks, and tools – all of which need to be followed to stay up-to-date and deliver the best results.

What is your primary motivation and inspiration in business - what keeps you going?

Client satisfaction and team fulfillment. Although project managers don't create tangible value by writing code or creating content, enabling smooth work, leading teams, and solving problems are also crucial for a successful project. The feeling within the team when a project is completed and delivered, whether regularly through sprints or in phases, is highly motivating. When all of that is delivered to the client, client satisfaction is another motivator to continue delivering quality work.

News
Creating Partnerships - Quantox @ Affiliate Summit East in New York!
July 28, 2023
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by
Aleksandra Džinović
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Affiliate Summit East is gathering more than 3500 advertisers, e-commerce sellers, publishers, and tech suppliers will gather from July 31 - August 1 and Quantox crew is coming to share great new ideas with them! Join us at booth #1609!
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New York is the place to be when it comes to attending one-of-a-kind affiliate marketing events! 

Affiliate Summit East is a conference where more than 3500 advertisers, e-commerce sellers, publishers, and tech suppliers will gather from July 31 - August 1, to create partnerships and grow their businesses. 

ASE has been rated in the top 5% of events in the world and its Meet Market has a special “speed networking” setup style for the most efficient way to build partnerships. 

Quantox team will be in New York to share the experience, strategies, tips, and tactics with other experts in the industry. As a leading software development company, we will be there for all attendees interested in innovative software solutions and unique digital experiences. 

Visit our booth No.1609 and meet the Q crew - Vuk Popović / Founder, Filip Karaičić / CEO, Danijel Petrović / COO, and Marko Ristanović / Resource Manager.

Location:  New York Marriott Marquis Times Square

See you in the Big Apple!

Regata i Elektro zvuk - Quantox Uzleće!
July 26, 2023
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by
Aleksandra Džinović
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Quantox ekipu ovog leta očekuje neobičan timbilding u Čačku! Dani urbane kulture, mural, Uzlet fest i plovna avantura klisurom su samo neke od planiranih aktivnosti! Pročitajte šta nas čeka na ovom jedinstvenom timbildingu!
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Quantox ekipu i ovog leta očekuje neobičan i jedinstveni timbilding. Čačak je ove godine imenovan za prestonicu kulture, a mi se okupljamo upravo tu gde je pre 17 godina počela Quantox priča.

Već osmu godinu za redom, Čačak je domaćin festivala Dani urbane kulture u sklopu kog muralisti iz zemlje i sveta oslikavaju prepoznatljive građevine ovog grada. Ove godine će, uz pomoć lokalnih street art umetnika, jedan od murala biti posvećen Quantox-u. 

DAN

Prirodne lepote Ovčarsko-kablarske klisure su nadaleko poznate, a mi smo iskoristili posetu ovim krajevima da oformimo i budemo deo jednog novog i autentičnog spektakla, a to je - Moravska Quantox regata. Sa uigranim timom ekipe Discover Serbia  osmislili smo nezaboravnu plovnu avanturu klisurom. 

Katamaran, čamac ili sub-daska - izbor je u potpunosti naš! Quantox tim ima slobodu da izabere kako će doživeti magičnu Zapadnu Moravu.

NOĆ

Ove godine smo hteli nešto drugačije. Zato smo rešili da probamo nešto nesvakidašnje -  Quantox će biti partner lokalnog muzičkog festivala - Uzlet Fest - u sklopu kog ćemo imati i naš Quantox Electro Stage.

U okviru samog stejdža nalaziće se i chill out zona, kao i Barbot 2.0 - unapređeni robot koji pravi koktele za sve posetioce. Istovremeno, a u duhu Quantox-a, radimo i na podizanju svesti o ekologiji i očuvanju životne sredine. Dok Barbot priprema piće, svako ko donese 5 praznih limenki ili plastičnih čaša dobija besplatan koktel - jer Svaka Limenka Se Računa.

Mnogobrojni specijaliteti, kultura, istorija i zanimljive destinacije nas čekaju - sve što Čačak ima da ponudi ovaj vikend je namenjeno upravo nama! 

Nova avantura za stvaranje uspomena uskoro kreće!

Next Stop for Quantox - Affiliate World conference in Barcelona
July 5, 2023
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Nađa Vukićević
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Quantox is attending AWC Barcelona, from the 12th to the 13th of July. Let's meet!
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Affiliate World Conference is a place where the industry’s brightest minds absorb mastermind-level content on stage!

The world’s top affiliate marketers and e-commerce entrepreneurs will meet in Barcelona from the 12th to the 13th of July,  and represent actionable insights, data-driven knowledge and innovative ideas. 

As a leading software development company, with a wide range of services, Quantox will be on the spot, offering quality software solutions and outstanding digital experience to more than 5000 attendees. Drop by our booth C36 and meet the Quantox crew - Filip Karaičić / CEO, Danijel Petrović / COO, Petar Slović / CINO and Marko Ristanović / Resource Manager.

Can you think of a better way to network, interact and look for potential collaboration? 

Location: Fira de Barcelona, Spain, Avinguda de la Reina Maria Cristina, s/n

Booth: C36

We are thrilled to meet you in Spain!

News
Quantox on C-level Panel #2 by Adriatic Valley
June 22, 2023
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Nađa Vukićević
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Adriatic Valley's C-level panel #2 in Belgrade on June 29 explores ChatGPT's impact on software engineering. Join Quantox and founder Vuk Popović for networking and insights.
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Adriatic Valley is a tech community currently located in Banja Luka. 

With the aim of professional networking and career development within the IT industry, this community organizes various events such as panel discussions, meetups, and workshops. 

Adriatic’s upcoming event is a  C-level panel #2, in Belgrade. Quantox will be there, with our founder Vuk Popović. The main topic is ChatGPT vs The Future of Software Engineering, and all the participants will share their thoughts about the influence of ChatGPT on this industry. 

The panel will be on June 29 @ Dorćol Platz, starting at 6 PM. If you want to attend, you can register here.

Looking forward to listening, sharing experiences, and meeting great people!

Pomoć onima kojima je najpotrebnija!
June 2, 2023
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by
Nađa Vukićević
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Quantox Technology joins the mission of collecting funds within the donor evening organized by the humanitarian organization "Serbs for Serbs".
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Quantox Technology se priključuje misiji prikupljanja novčanih sredstava u okviru donatorske večeri koju organizuje humanitana organizacija “Srbi za Srbe”.

Donatorsko veče biće održano 20. juna u hotelu Royal Residence u Čačku sa ciljem pomoći porodici Bešanski, kao i Narodnoj kuhinji na Kosovu i Metohiji.

Domaćin dogadjaja biće proslavljeni košarkaš Srbije Aleksa Avramović, a sve prisutne očekuje bogat program! Cena ulaznice je ujedno i donacija - minimalne vrednosti od  100 eura po osobi. Pozivamo sve zainteresovane da učestvuju u sakupljanju 50.000 eura i doprinesu ovim humanim ciljevima.

Humanitarna organizacija “Srbi za Srbe” u proteklih 18 godina prikupila je više od 11 miliona evra i pomogla više od 3 hiljade porodica. 

Pridružite se akciji i podržite one kojima je pomoć najpotrebnija!

Prijave za donorsko veče poslati na e-mail adresu: donatorskovece@srbizasrbe.org 

Dokumentacija plana podele
June 1, 2023
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by
Admin
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Dokumentacija
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News
Quantox Technology Attends AW Summit in Bucharest
April 19, 2023
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by
Nađa Vukićević
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Quantox Technology is attending AW Summit in Bucharest, once again exchanging ideas and innovations by nurturing it's business relations in the industry.
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AW Summit at Bucharest is a merge of learning, innovation and networking!

More than 300 companies from different industries and from 80 countries will meet in Bucharest from 7th to 9th of May with the common goal to network, learn and share their practice.

As the largest European hub for affiliate marketers, digital companies, monetization platforms, entrepreneurs, content creators and social media specialists - the AW Summit conference gathers all those who are experienced in their business fields, willing to exchange ideas and build new business relations. 

With excellent keynote speeches, workshops, expo, and networking events, we are proud to be part of such a event with Quantox C level crew - Vuk Popović/ Founder, Filip Karaičić/ CEO, Danijel Petrović/ COO and Marko Ristanović/ Resource Manager.

As a leading software development company with a diverse team of tech professionals, we are creating top-notch software solutions and offer all-around IT support.

Location: Piața Presei Libere 3-5, Bucharest

Booth#: 2

We are waiting to meet you in person in Bucharest and discuss the latest IT topics and possible ways of successful collaboration!

News
Experience nature with the Fruška Gora Trail
April 12, 2023
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Nadja Vukićević
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Quantox continues to support the Fruška Gora Trail - a favorite recreational event that promotes healthy life and good habits for the last 46 years!
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Quantox supports one of the oldest sports events in Serbia!

Just like in 2022, Quantox continues to support one of the oldest sports and recreational events that promotes healthy life and good habits for 46 years - the Fruška Gora Trail!

The oldest mountain and ultra-running marathon in Europe this year will be held on 22nd and 23rd of April. 

What does the Fruška Gora Trail stand for?

Quality time in nature and nurturing health habits!

Through 14 tracks of different lengths and height differences, the Fruška Gora Trail offers the chance to to experience all the beauty of the Fruška Gora National Park, as a recreationalist or as a experienced professional trail runner. 

https://www.fruskogorski-maraton.com/en/marathon-trails/

When does Fruška Gora Trail start?

The official opening of the event is scheduled from 08:45 to 08:55 on the 22nd of April, and at 9:00 - the 46th Fruška Gora Trail will officially begin!

Sunday, April 23 from 11 am, is reserved for the youngest! Only children of preschool age accompanied by parents or other authorized adults can participate in the Path of Joy and Pleasure.

During a hiking tour or competitive race, all participants can feel the natural beauty of Fruška Gora - forests, streams, waterfalls, fresh air - but also, this is an opportunity to get to know the cultural and historical heritage. Along the marathon paths, you can see numerous Serbian medieval monasteries - Grgeteg (XV c.), Staro Hopovo (XVI c.), Novo Hopovo (XIV c.), Jazak (XVI c.), Bešenovo (VIII c.) Fruška Gora hamlets and tourist facilities.

Do not miss the unique opportunity to spend this weekend actively in nature!

After running kilometers and successfully completing the race - we are waiting for you to take a break in the Quantox Chill Out zone!

See you on the Fruška Gora!

News
QUANTOX IT League Story
April 4, 2023
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Nađa Vukićević
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What is Quantox IT League, how it started and what is it's goal - read in our newest blog post!
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QUANTOX IT League is the first sports competition of this type in Serbia!

A motivation to enable people in this industry to play sports and connect - resulted in a project which is unique and new in our country.

So far, 5 seasons of the Quantox IT League and 4 seasons of the Summer League have been played in over 800 matches and with a common goal - good fun, quality games, and an opportunity to meet and connect with colleagues from the industry.

With Luka Bulatović, the director of the IT League, we discussed the idea of ​​gathering IT companies in one place through a sport and the advantages this kind of competition provides and promotes.

The Quantox IT league was formed 6 years ago. What was the initial motive behind the establishment of the corporate basketball league and has the main idea changed to this day?

Six years ago, we gathered at the basketball court where we played basketball once a week. Back then we were teammates on the court, and today, we are the organizers of the Quantox IT League. We moved from the court to the offices and thought about how to connect with other IT professionals and set a new standard that the IT world deserves.

We are aware of the fact that it is very difficult to find free time for physical activity, but when you have a team that motivates you - then basketball training and games become an immense pleasure.

To this day, the same idea remains and we are proud of the entire organizational team as well as all the companies that have trusted us and have been participating for years.

What is the main vision of the Quantox IT League and where do you see it in the coming years?

The idea for this project arose as a desire to present the entire competition in a different light. Our mission is to create an inspiring, creative, and positive environment that encourages unhindered freedom of expression through sports. The club's vision is for people from the IT sector to play sports and meet new colleagues from the profession and also raise their work to an even higher level through the Quantox IT League.

For now, the League gathers only basketball players, but we plan to expand this project to other popular sports. The biggest challenge is to attract more companies that will be part of the league, and we plan to do that with constant improvement of conditions and through introducing novelties.

More than 50 IT companies and about 1500 players have gone through the IT League. What are the key impressions of the competition?

We are proud of the numbers that show us that we worked hard all these years to reach the 6th season and 32 teams. During this competition, some of the teams improved their game thanks to the good organization within the team and a large number of training sessions. 

The reasons for participating in the Quantox IT League differ, from recreation, socializing with colleagues, and strengthening team spirit. Furthermore, one of the main competitive motives is raising the trophy at the end of the competition. And yet, above all these, the most interesting part for the participants is the "third half", when they stay after the game and hang out.

What do the companies that are part of the league see as the biggest benefit?

The Quantox IT League offers companies the opportunity for their people to spend quality time participating in a sport & recreational competition with their team. This way, they improve both their physical and mental health. This is one of the ways for colleagues to get closer to each other, get to know each other better, and spend quality time outside the office together, in a different environment. Further benefits are that, over time, members begin to understand each other better, develop better relationships and have more open communication.

What is the main drive of people who are part of the IT League?

Winning and losing are integral parts of every game. Every team has ups and downs. What drives them are the good results they achieve in matches. Another major motivator is the fans who are there to encourage and cheer for their favorites in the stands!

We believe that the conditions in our league are at the highest level in the country, but we can do even better. The real challenge is to overcome yourself, to do something new. Challenges are what actually drives us!

The IT League has recently gathered 32 basketball teams and organized an humanitarian All-Star event for the treatment of four-year-old Helena Živković from Čačak, who suffers from autism. Hardware and Software teams competed to help little Helena, and collected 126,900 dinars from ticket sales. This is just one of the many ways in which this kind of sports competition contributes to individuals and communities when needed.

The fifth season of the Summer IT League is beginning soon, and registrations start on the 17th of April.

See you there as we continue to strengthen the IT community through team spirit together!

PER DATA AD ASTRA: Quantox at Geekstone Meet-Up Event
March 16, 2023
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Nađa Vukićević
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How to connect artificial intelligence and shooting stars? Well, you can find the answers to these questions from our Dušan Pavlović, Data Scientist in Quantox Technology
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How to connect artificial intelligence and shooting stars?

Well, you can find the answers to these questions from our Dušan Pavlović, Data Scientist in Quantox Technology, who will give a lecture PER DATA AD ASTRA on 23th of March at the Geekstone Meet-Up Event.

Dušan will demonstrate such a connection and talk about how computer vision, deep learning, and research on meteors - shooting stars - overlap. 

One of the topics is how relatively easily you can apply your knowledge of neural networks to solve the problem of automatic detection of meteors in astronomic data made by radio detectors. This problem is one of the most complex ones in this field and our understanding of different problems in the Solar System depends on it.

As someone who studied astrophysics, being an author and the host of the science podcast "Radio Galaxy '' while engaged in the physics of meteors and meteorite astronomy for years, Dušan will show one of the examples of how to apply Data Science to scientific data!

The lecture will be held in Serbian and the entrance is free!

Thursday, March 23, 2023

6:00 - 8.00 PM 

Science and Technology Park

Fruškogorska 1, Novi Sad

Save the date and welcome to the World of Data!

Register at the link

https://www.meetup.com/geekstone/events/292131441/?isFirstPublish=true

Together 4One! HIT CS:GO Vol.4 registration has begun
March 15, 2023
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Nađa Vukićević
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Serbian IT companies will gather from 3rd to 6th of April at the CS:GO Vol.4 charity tournament.
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The traditional spring CS:GO tournament is upon us!

Serbian IT companies will gather from the 3rd to the 6th of April at the CS:GO Vol.4 charity tournament.

Motivated by the important topic and achieved results from the previous year,

we decided to stay with the same goal - in 2023 the IT community will be playing for Serbian maternity hospitals and better conditions for the youngest and their mothers!

Companies can register up to 3 teams and donate the financial funds to the common fund. As in previous years, the start for one million dinars is provided by Quantox.

After the closing of applications, by public voting and filling out an anonymous survey, we will together decide which maternity hospital we are helping this year!

 We hope that the HIT CS:GO crew will expand this year with new companies and teams that will compete, have a great time and show that the greatest victory is humanity.

Register your team by the 31st of March.

Link for team registration and more information: https://hitturnir.com/

It's time to play even harder!

Blog
Showcasing Our Expertise – The Order Point Project
December 26, 2024
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by
Employee
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Quantox Technology transformed retail with Order Point, a self-service ordering system that saves time, reduces staff workload, and enhances the shopping experience.
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Transforming Retail with a Self-Service Digital Solution

At Quantox Technology, we don’t just build software—we solve problems. For the leader of sports retail in the region, Sport Vision, one of our recent projects, "Sneaker Point," showcases how we helped  revolutionize their retail experience by addressing operational inefficiencies and creating a streamlined, self-service ordering process.

The result? A digital solution that saves time for both customers and store staff while delivering an enhanced shopping experience.

The Challenge: A Time-Consuming Ordering Process

Before partnering with Quantox, the client faced significant operational challenges in their stores:

  • Overburdened Staff: Store employees spent excessive time checking inventory for customers, verifying available sizes, colors, and models in storage, and retrieving items manually.
  • Inefficient Customer Experience: Customers often had to wait while staff members checked stock and brought the requested items to the shop floor.
  • Limited Resources: A lack of human resources added further strain on the ordering process, reducing efficiency and customer satisfaction.

Our mission was to solve these pain points by creating a self-service solution that streamlined the entire process, improved user experience, and reduced the workload for store employees.

The Solution: Sneaker Point – A Self-Service Retail System

Sneaker Point

We developed Sneaker Point, a comprehensive digital product that empowers customers to take control of their shopping journey while enabling store staff to focus on more value-added tasks.

Key Features:

  1. Customer Self-Service:

    • Customers can scan a product to view all available variations (sizes, colors, models).
    • They select the desired option, and the system sends the order directly to the store’s storage.
  2. Automated Delivery:

    • Items are retrieved from storage and delivered to the shop floor via automated escalators.
    • The entire process is visible on screens throughout the store, so customers stay informed.
  3. Efficient BackOffice Management:

    • Store administrators can monitor and manage orders, inventory, and customer interactions using an intuitive backend system.

This solution significantly reduced the time required to fulfill customer requests while delivering a seamless, transparent shopping experience.

Our Approach: A Fully Integrated Solution

At Quantox, we take pride in delivering all-round IT and software development support. For the Sneaker Point project, we provided a complete package, handling everything under one roof:

  • Custom Digital Product Development:

    • Designed and developed a scalable solution tailored to the client’s needs.
    • Built using a robust tech stack, including Node.js for the backend, React.js for the frontend, and native Kotlin for Android apps.
  • Third-Party Integration:

    • Seamlessly integrated with the client’s ERP system for real-time inventory updates.
    • Included payment system compatibility and potential for future extensions.
  • Infrastructure and Deployment:

    • Developed a reliable architecture using Redis for caching and PostgreSQL for database management.
    • Ensured smooth deployment and operational scalability.

Our ability to deliver a cohesive solution—from design to deployment and integration—sets us apart as a partner in digital transformation.

Results: A Game-Changing Retail Solution

The Order Point system has transformed the way the client operates their stores. Key outcomes include:

  • Enhanced Customer Experience:
    • Customers now enjoy a self-service shopping process that is faster, more intuitive, and completely transparent.
  • Reduced Staff Workload:
    • Shop assistants spend less time managing inventory and more time focusing on customer engagement.
  • Operational Efficiency:
    • The automated system ensures a seamless flow from order placement to delivery, reducing wait times and eliminating inefficiencies.

Why Work With Us?

At Quantox, we specialize in transforming business challenges into innovative digital solutions. When you work with us, you gain access to:

  • End-to-End Development: We provide all-around IT support, from initial product discovery to deployment and beyond.
  • Custom Integration Expertise: Whether it’s ERP systems, payment gateways, or other third-party platforms, we handle all integrations seamlessly.
  • Retail Industry Know-How: Our deep understanding of retail challenges allows us to deliver tailored solutions that drive measurable results.

Let us show you how we can create intelligent IT solutions that enhance your brand, streamline your operations, and elevate your customer experience.

Let’s Build the Future Together

Do you have an idea that could transform your business? Reach out to us today, and let’s create something extraordinary.

Introducing Verifismart: Safeguarding Intellectual Property through Cryptographic Protection
February 23, 2024
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Sanja Savić
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Verifismart is a testament to the innovation and technological prowess, offering a transformative solution to the age-old problem of IP theft.
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In today's digital age, where innovation is rampant and creativity knows no bounds, safeguarding intellectual property (IP) is paramount. With the rise of digital piracy and the ease of unauthorized duplication, protecting one's creative works has become an increasingly daunting challenge. However, with the emergence of groundbreaking platforms like Verifismart, developed by the Quantox team, individuals and businesses can now rest assured that their intellectual assets are fortified with robust cryptographic protection.

Revolutionizing IP Protection

Verifismart is a testament to the innovation and technological prowess, offering a transformative solution to the age-old problem of IP theft. Leveraging the power of blockchain technology, Verifismart empowers users to validate the authenticity and ownership of their creative works with unparalleled precision and security.

Cryptographic techniques for high-level security

At the heart of Verifismart lies the expertise of the Quantox team, whose proficiency in cutting-edge technologies has paved the way for its success. Through meticulous research and development, our team harnessed the capabilities of Solidity, NodeJS, Laravel, and React to craft a platform that sets new standards in IP protection.

By incorporating advanced cryptographic techniques such as hashing, encryption, and data signing and verification, Verifismart ensures the highest level of security for users' intellectual assets. This sophisticated approach safeguards against unauthorized access and instills confidence in users, knowing that their creative works are shielded from infringement.

A Test of Resilience

The journey towards creating Verifismart had its challenges. Designing a system that effectively cryptographically protects intellectual property demanded ingenuity and perseverance. 

Through collaborative efforts, we devised a robust framework that integrates blockchain technology with user-friendly interfaces. The result? A platform that not only meets the client's needs but also anticipates the challenges of tomorrow.

Compromise between Security and IP?

No more. 

With Verifismart, users no longer need to compromise on the security of their intellectual property. The platform offers a holistic solution that combines enhanced security measures with intuitive functionalities, providing users with the peace of mind they deserve.

With Verifismart, we have contributed to redefining the landscape of IP protection. We pushed the boundaries to safeguard the creative works with Verifismart and ensure a future where IP remains secure for generations to come. 

Introducing Golf Cart Sellers: A Customer-Centric Platform for a Seamless Buying Experience
February 8, 2024
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Sanja Savić
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A redefined platform for a loyalty-rich customer experience that allowed the client to promote golf carts effectively and facilitated smooth communication between sellers and buyers.
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In the fast-paced digital era, businesses constantly seek innovative solutions to enhance operations and provide a loyalty-rich customer experience. For golf cart sellers, the challenges lie not only in showcasing their products but also in creating a seamless buying process.

Bringing the right tools to the table 

Our client, a forward-thinking entrepreneur in the golf cart industry, approached us with a unique challenge. While the frontend of their website was well-established, they needed a robust backend system to facilitate the promotion and sale of golf carts. The primary goal was to empower the owner with the tools necessary to effectively showcase and sell their inventory.

Two-step approach for full functionality

To meet the client's objectives, the Quantox team had a two-step approach. First, we focused on enabling the owner to effortlessly add golf carts to the platform, providing all the essential details that potential customers would find valuable. Second, we dedicated our efforts to creating a smooth and user-friendly buying functionality, ensuring a seamless experience for sellers and buyers. 

Perfect, user-friendly buying flow

The central challenge in this project revolved around crafting a perfect and user-friendly buying flow. Streamlining the purchasing process is crucial to keeping customers engaged and satisfied. A golf cart can be a significant investment, and the buying experience is needed to reflect the high standards associated with such purchases.

Loyalty-Rich Customer Experience

Creating a loyalty-rich customer experience was at the forefront of our strategy. The website allowed the owner to promote golf carts effectively and facilitated smooth communication between sellers and buyers. This direct interaction fostered trust and encouraged repeat business, laying the foundation for a loyal customer base.

After implementing cutting-edge solutions, the result was a fully functional website. The owner can now effortlessly add golf carts for sale. The buying flow is intuitive, setting a new standard in the golf cart sales industry.

Embracing digital solutions and prioritizing a loyalty-rich customer experience can propel businesses into a new era of success. As the industry evolves, staying ahead with innovative solutions will be the key to sustained growth and customer satisfaction.

Golf Cart Sellers - A Redefined Platform for Loyalty-Rich Customer Experience

Introducing Hypknowledge: User-friendly Platform for Analyzing Sleep Patterns
January 17, 2024
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Nađa Vukićević
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A revolutionary website designed to enhance customers' understanding of sleep habits and provide personalized advice for better sleep.
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In the realm of technology, innovation often arises from a fusion of diverse fields. One such intriguing intersection occurred in the development of Hypknowledge, a revolutionary website designed to enhance our understanding of sleep habits and provide personalized advice for better sleep. Behind this visionary project lies a tale of meticulous problem-solving, the acquisition of newfound expertise, and the adept use of cutting-edge technologies.

Understanding the Sleep Science

At the core of this project was the need to comprehend the intricate details of sleep science. Sleep tracking involves a myriad of terminologies, formulas, and crucial calculations. Quantox team delved deep into the nuances of sleep science to ensure that every mathematical aspect related to sleep extension was accurate. 

Implementation of HIPAA Standards 

Creating the solution for our client was not merely about programming; it was about gaining a profound understanding of the health industry and its standards. One crucial aspect that came to the forefront was adhering to HIPAA standards. The team recognized the significance of safeguarding user data, especially when dealing with sensitive health information. Through this project, we not only learned the terminology and phrases associated with sleep science but also acquired a comprehensive understanding of the ethical and legal considerations in the health tech domain.

Bridging the Gap Between Data and Advice

The culmination of our efforts resulted in the creation of Hypknowledge. This unique platform empowers users to document their sleeping habits and receive tailored advice to improve their sleep quality. Leveraging Laravel and VueJS, the team seamlessly integrated technology into the fabric of sleep science, offering users a user-friendly and efficient interface to track and analyze their sleep patterns.

Security as a Priority

In the healthcare industry, data privacy is paramount. We took a proactive approach to ensure the security of user information. We incorporated HIPAA standards into the development process and created an app that not only delivers valuable insights into sleep patterns but also guarantees the confidentiality and privacy of users' data. This commitment to security reflects the team's dedication to providing a trustworthy platform for users to share their sleeping habits without compromising their privacy.

Hypknowledge is a project that reflects interdisciplinary collaboration, problem-solving, and a commitment to security and user privacy. The project unlocked the mysteries of sleep science and demonstrated how technology, when wielded with expertise and care, can positively impact customer`s well-being. 

Hypknowledge - Trustworthy platform for Sleep Analysis

Introducing JDM Supply: Auction Algorithms for Secure Bidding
December 22, 2023
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Nađa Vukićević
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JDM Supply's innovative project redefines the realm of buying and selling automobiles.
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JDM Supply's innovative project redefines the realm of buying and selling automobiles. Unlike traditional buy/sell solutions, JDM Supply required a cutting-edge bidding algorithm that would not only enable users to bid for vehicles but also ensure complete anonymity throughout the entire process.

Innovating Secure Bidding

In close collaboration with the visionary team at JDM Supply, we set out to revolutionize the automotive trading landscape. The result is a groundbreaking bidding algorithm that introduces a new dimension of security and anonymity to the bidding process. Our objective was clear - to empower users to bid with confidence, knowing their identities would remain completely confidential.

Auction Algorithms in Action

To meet JDM Supply's unique requirements, we harnessed the power of auction algorithms, reshaping the way vehicles are bought and sold. The heart of this project lies in our ability to ensure secure, real-time, and fully anonymous bidding. Leveraging our expertise in Laravel, JavaScript, and WebSockets, we seamlessly integrated these technologies to create a solution that allows users to place bids without any concerns about privacy or security.

Elevating Anonymity and Real-time Bidding

Our team's proficiency in implementing auction algorithms is evident in the seamless experience provided by the platform. Every bid placed remains fully anonymous, shielding users from unwanted attention while allowing them to actively participate in auctions. Furthermore, we ensured that all bids are instantly displayed in real-time, enhancing the excitement of the bidding process.

At Quantox Technology, we take immense pride in our ability to not only meet but exceed the unique challenges presented by projects like JDM Supply - just one of many testaments to our commitment to pushing the boundaries of technology to provide solutions that transform industries.

JDM Supply - Bidding Transformed with Innovative Algorithms.

Introducing CoreTerminal: Revolutionizing Trading Across Multiple Exchanges
December 7, 2023
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by
Nađa Vukićević
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CoreTerminal is a game-changing solution meticulously crafted to empower traders across multiple exchanges, revolutionizing how they approach the dynamic world of cryptocurrency trading.
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At Quantox Technology, we are thrilled to unveil one of our projects – CoreTerminal, a game-changing solution meticulously crafted to empower traders across multiple exchanges, revolutionizing how they approach the dynamic world of cryptocurrency trading.

Empowering Traders, Elevating Strategies

In close collaboration with our esteemed client, we embarked on a mission to reshape the landscape of cryptocurrency trading. Our vision gave birth to CoreTerminal, a comprehensive cryptocurrency trading solution designed to streamline trading activities and equip traders with unparalleled features and insights.

Crafting the Ultimate Trading Solution

With our client's goals in mind, we integrated an impressive array of advanced crypto trading tools within CoreTerminal. These include dynamic profit targets, Fibonacci levels, bracket orders, and average-in orders – all seamlessly woven together to provide traders with a winning edge in navigating complex and volatile markets.

A Symphony of Connectivity

Understanding the paramount importance of seamless connections in trading, we integrated API connectivity across multiple exchanges within CoreTerminal. This integration, backed by robust API keys storing system, ensures traders experience uninterrupted connectivity, enhancing their trading experience and providing an extra layer of security.

Navigating the Crypto Cosmos with CoreTerminal

CoreTerminal isn't just another trading tool – it's a transformative asset that simplifies the intricacies of cryptocurrency trading while empowering traders with insights and tools needed for success. Our client-centric approach to software development ensures that CoreTerminal offers a streamlined interface that makes advanced trading tools easily accessible, regardless of expertise.

Whether an experienced trader seeking to refine their strategies or a newcomer eager to explore the world of cryptocurrency trading, CoreTerminal caters to each one's unique needs. Every aspect of CoreTerminal reflects our dedication to innovation, making it an indispensable tool in their trading journey.

CoreTerminal - Empowering Your Trading Experience Today.

Blog
OUTSOURCING 2.0: The trends, strategies, and the future
July 25, 2023
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Aleksandra Džinović
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Explore the future of outsourcing business model, emerging trends, specialized skill sets, data security, automation, collaboration, sustainability, and customer experience focus in our newest blog!
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In today's rapidly evolving global landscape, businesses are constantly seeking innovative approaches to maximize efficiency, reduce costs, and stay ahead of the competition. One such strategy that has gained considerable traction is outsourcing. 

By entrusting specific tasks or operations to external vendors or specialized service providers like Quantox Technology, organizations can focus on their core competencies while benefiting from cost savings, access to skilled talent, and enhanced flexibility. However, as the business environment continues to evolve, so does the outsourcing landscape. 

In this article, we will explore the future of the outsourcing business model, examining emerging trends, shifting paradigms, and potential use cases.

The Statistics Behind Outsourcing Business Model

To begin, it is crucial to highlight some key insights from various research conducted throughout the past few years that shed light on the outsourcing landscape and its potential trajectory. While each source provides a unique perspective, they collectively indicate several common trends and themes. 

According to a survey conducted by Deloitte, 70% of companies reported that they currently outsource or plan to outsource a portion of their operations. This demonstrates the enduring appeal and relevance of outsourcing as a strategic business approach.

Moreover, the research emphasizes the importance of global talent in outsourcing strategies. It highlights how organizations can leverage outsourcing to access a diverse range of skills and perspectives, resulting in enhanced innovation and problem-solving capabilities. This aligns with the notion that outsourcing enables companies to tap into a vast global talent pool, facilitating access to specialized expertise that may be scarce or costly to acquire internally.

''Implementation of emerging technologies in companies worldwide 2021-2022''-by Statista

Additionally, the Statista research provides insights into the future of IT outsourcing and the impact of emerging trends such as Robotic Process Automation (RPA), Artificial Intelligence (AI), and Machine Learning (ML). These technologies have the potential to revolutionize traditional outsourcing models by automating repetitive tasks, improving efficiency, and enhancing the quality of service delivery.

Evolving Strategies: Navigating the Future of Outsourcing

Looking ahead, the future of the outsourcing business model holds immense potential. As businesses strive to stay competitive and adapt to changing market dynamics, outsourcing will play a vital role in their strategies. Here are some key trends and developments that are shaping the future of outsourcing:

Specialized Skill Sets: 

The demand for specialized skills will continue to grow, and organizations will increasingly rely on outsourcing to access these skills. Whether it's technologies like blockchain, cybersecurity, or data analytics, outsourcing provides a cost-effective way to leverage niche expertise.

As technology continues to advance at a rapid pace, specialized skills are becoming increasingly important for businesses to stay competitive. According to a study by Statista, the demand for professionals with expertise in emerging technologies is on the rise. 

For example, the growing significance of cybersecurity and data analytics is driving the demand for professionals in these fields. As the volume and complexity of cyber threats increase, organizations need to ensure their data and systems are secure. Outsourcing cybersecurity services to specialized providers with expertise in threat intelligence, incident response, and network security can help businesses mitigate risks effectively.

This is where Quantox Technology excels as a leading outsourcing partner. With a proven track record in blockchain development, cybersecurity solutions, and data analytics services, Quantox offers the ideal skill set to tackle the challenges of the future and give organizations access to a highly talented team proficient in threat intelligence, incident response, network security, statistical modeling, predictive analytics, and machine learning.

Data Security and Compliance: 

With increasing concerns over data security and privacy, organizations will place greater emphasis on selecting outsourcing partners with robust security measures and compliance frameworks. Service providers will need to demonstrate their ability to handle sensitive data and adhere to relevant regulations.

Data security and compliance are critical considerations when outsourcing. Organizations must ensure that their outsourcing partners have comprehensive security measures in place to protect sensitive information. This includes implementing strong access controls, encryption, and secure data transmission protocols.

In addition to security measures, compliance with industry regulations and standards is essential. For instance, in healthcare, outsourcing providers need to adhere to regulations such as the Health Insurance Portability and Accountability Act (HIPAA) to ensure the privacy and security of patient data. Organizations should thoroughly assess the outsourcing partner's compliance track record and certifications to ensure they meet the requirements.

According to a report by PwC, 88% of companies surveyed were concerned about third-party data privacy and cybersecurity risks. To address these concerns, organizations are implementing stringent due diligence processes when selecting outsourcing partners. This includes conducting comprehensive risk assessments, performing security audits, and establishing contractual agreements that define data security and compliance requirements.

Automation and Artificial Intelligence: 

As mentioned earlier, the adoption of automation technologies such as RPA, AI, and ML will reshape the outsourcing landscape. These technologies will streamline processes, improve accuracy, and enable service providers to deliver enhanced client value.

Integrating automation technologies in outsourcing operations is transforming how tasks are performed. Robotic Process Automation (RPA) is being widely adopted to automate repetitive, rule-based tasks, reducing errors and increasing efficiency. According to a report by Grand View Research, the global RPA market is expected to reach $10.7 billion by 2027, driven by the need for cost optimization and process efficiency.

Artificial Intelligence (AI) and Machine Learning (ML) are also reshaping the outsourcing landscape by enabling intelligent automation and data-driven decision-making. AI-powered chatbots are increasingly used in customer service outsourcing to provide quick and accurate responses to customer queries. ML algorithms analyze large volumes of data and generate insights, improving forecasting, fraud detection, and personalized recommendations.

The benefits of automation technologies in outsourcing are significant. They lead to reduced manual effort, faster processing times, improved accuracy, and cost savings. Service providers that embrace automation can offer enhanced value to their clients by delivering services with greater speed, efficiency, and quality.

Enhanced Collaboration: 

Effective communication and collaboration are crucial aspects of outsourcing partnerships, especially when working with remote teams or globally distributed service providers. At Quantox Technology, we recognize the significance of seamless collaboration, and our advanced communication tools and platforms facilitate efficient project management and knowledge sharing.

Cloud-based collaboration tools, such as project management software, document-sharing platforms, and video conferencing solutions, enable real-time communication and collaboration across different time zones and geographical locations. These tools enhance transparency, enable seamless coordination, and promote a shared understanding between the client and the outsourcing provider.

In a survey conducted by Deloitte, 60% of companies stated that effective collaboration and communication are the most critical factors in successful outsourcing relationships. As your trusted outsourcing partner, Quantox Technology is committed to bridging the gap between internal teams and external service providers, fostering strong working relationships, and ensuring the achievement of shared goals. 

Sustainable and Ethical Outsourcing: 

As businesses increasingly focus on corporate social responsibility, sustainability, and ethical practices, they will seek outsourcing partners who align with their values. This includes considerations such as fair labor practices, environmental consciousness, and social impact.

According to a survey by Nielsen, 66% of consumers are willing to pay more for products and services from companies that demonstrate a commitment to positive social and environmental impact.

Environmental consciousness is also a growing concern. Businesses are increasingly seeking outsourcing partners that embrace sustainable practices, such as reducing carbon footprint, implementing eco-friendly initiatives, and promoting recycling and waste reduction.

To ensure sustainable and ethical outsourcing, organizations should conduct thorough due diligence on potential service providers, assessing their corporate social responsibility policies, certifications, and track records. 

Customer Experience Focus: 

Customer experience has become a key differentiator for businesses across industries. Organizations are recognizing that outsourcing can be leveraged to enhance customer service, improve response times, and deliver personalized experiences.

Outsourcing partners can provide dedicated customer support teams trained to deliver exceptional service and efficiently handle customer queries. This includes support through various channels such as phone, email, chat, and social media, ensuring seamless omnichannel communication.

Moreover, service providers can leverage customer data and analytics to gain insights into customer preferences, behavior patterns, and pain points. This data-driven approach enables businesses to deliver personalized experiences, tailored recommendations, and proactive support.

According to a report by Salesforce, 84% of customers consider the experience provided by a company as important as its products and services. By outsourcing customer experience functions, organizations can leverage service providers' expertise and specialized skills to enhance customer satisfaction, loyalty, and advocacy.

Embracing the Shift: Unlocking the Potential of Outsourcing with Quantox Technology

It’s undeniable that the future of the outsourcing business model looks promising, driven by evolving technologies, increasing globalization, and changing market dynamics. The reports and surveys indicate a continued upward trajectory for outsourcing, with a focus on IT staff augmentation, access to global talent, emerging technologies, and optimized operational efficiency.

Quantox Technology multiplies the benefits of outsourcing: cost savings, access to specialized skills, and increased flexibility.

By entrusting non-core activities to our expert team, your organization can focus on core competencies and strategic growth.

As the future unfolds, those who embrace the potential of outsourcing and adapt to emerging trends will be well-positioned to thrive in a highly competitive global marketplace.

Partner with Quantox Technology today and unlock the full potential of outsourcing to drive growth, innovation, and sustained success. Let’s Talk!

Blog
HIT CS:GO 2023 - INTERVIEW WITH THE WINNERS
April 27, 2023
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by
Nađa Vukićević
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HIT CS:GO, but this time from a players' perspective! Read our interview with the winning team of 2023 HIT CS:GO humanitarian tournament and meet our champions!
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WHAT A GAME!


After 4 exciting days and a fair play fight - we have the champion of HIT CS:GO Vol.4!

Traditionally held in April, the HIT CS:GO tournament gathered the IT community again for the 4th time in a row.

The number of registered teams, companies and fund donations exceeded the previous years - over 40 teams from more than 35 companies competed in the famous Counter Strike: Global Offensive game!

In 2023, the tournament was dedicated to the youngest, with the goal to improve conditions in maternity hospitals and together we collected 2,291,900 RSD!


HIT 2023 WINNERS:

🥇 Quantox Technology

🥈 Vega IT

🥉 Levi9


We spoke to the winning Quantox team - Miloš Aksentijević, Marko Mitić, Luka Petrović, David Simonović, and Dušan Savanović - for the BTS of becoming a HIT CS:GO champion.


What are your impressions of the HIT Vol.4 tournament? How would you describe the atmosphere this year compared to previous years?

The whole team is united as much as coordinated!

Miloš Aksentijević / Ax.

The impressions are very positive, and the first place contributes a lot to that feeling. The idea is great and I would like it to expand so more teams and donations are coming from year to year.

Luka Petrović / hJk-.^

As in previous years - very positive impressions, a noble goal, and good banter.

Dušan Savanović / dukizen

The impressions are phenomenal! First of all, we love CS:GO, and especially the fact that this is the same team that has been playing and hanging out together for years. Also, the support from colleagues and the entire company truly surprised us and it was nice to see cheering in such a large number!


Who was the most challenging opponent during the competition?

The score shows!

Milos Aksentijević / Ax.

I couldn't decide on one team, so I'll say Levi9 and Vega IT. 

Levi9 seemed to have people who are very good at shooting, maybe even better than Vega. However, Vega was a tactically more prepared team.

Marko Mitić / MiTke-_o

Levi9 and VegaIT definitely. We won Levi9 with a score 2:0, but both maps were very close, and VegaIT took one map from us. If I have to choose one opponent - it would be Levi9.

Dušan Savanović / dukizen

From my perspective, definitely Levi9. Although we met them in the semi-finals, it was clear that the game was played at a much higher level, and this was shown on the first map, Vertigo, where we played as many as three overtimes. The boys from Levi showed a really competitive spirit and we had a really good match.

We witnessed a very tense final of the tournament. Were there any decisive moments in the match and which tactics made the difference?

Maps & tactics - a winning combination!

Miloš Aksentijević / Ax.

Maybe there weren't so many decisive moments, but there were a lot of different tactics from our side. The idea was to occupy as much space as possible on the map, play more aggressively as CT, and make faster rotations. 

Luka Petrović / hJk-.^

I wouldn't say that there were any decisive moments. On our map peak and on the third map we played superbly, and the tactic was not to give them space to play their game - to attack and occupy space.

David Simonović / Unik ACM

There was tension in the final - as in every game. The opposing team led in some moments, where various factors had an effect. Primarily, it was a drop in concentration, which had the greatest impact during the game, and further, there have been short breaks between the semi-final and final matches.


Did you expect to win?

Expectations are expectations - and the result is in the end!

Marko Mitić / MiTke-_o

Honestly, yes... we knew it wouldn't be easy, but we were sure that we could win the tournament.

Luka Petrović / hJk-.^

Yes, because when it was announced that HIT will be organized again this year, we started to prepare and gather 2-3 times a week and play.

Dušan Savanović  / dukizen

I definitely didn't expect us to win and I can't say that my teammates would agree with me here. Not because of a lack of self-confidence, but because of the very fact that every year the tournament has attracted very good teams and players.


We believe that in addition to the tense fight, there were also plenty of laughs. Share some interesting anecdotes from the tournament :)

Enjoy the game!

Miloš Aksentijević  / Ax.

There was a lot of laughter and cheering, which is probably the key to our success. At no point did I feel like we were losing and that we didn't have a solution, so this made us play a very calm game at the top level.

David Simonović / Unik ACM

The whole tournament passed in a relaxed rhythm without tension, and that is the purpose - to enjoy the game, and victory comes just as a bonus!

Dušan Savanović  / dukizen

There was a lot of laughter, but I will point out one anecdote. Our teammate and colleague Mitke (Marko Mitić) is often overrun by planes when we play. It's not because he lives next to the airport - but because he plays the game on his laptop, which gets quite loud after a while.

So we persuaded him to put a “push to talk“ button to avoid those loud noises. During the finale, at one point, Mitke forgot to release that button, so we just heard Luka shout: MITKE AIRPLANE! 

And we really had a good laugh!


Laughter is a cure. Good competition is healthy. Enjoy the game. Help the community.

We are proud that HIT lasts and unites.


See you next year!

Blog
Data & AI Use Case
February 22, 2023
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by
Nađa Vukićević
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Over the past few years, Data and Artificial Intelligence have become the most trending technology used across all industries. Yes, technology (singular) because Data and AI need to work in synergy to generate the best results.
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Over the past few years, Data and Artificial Intelligence have become the most trending technology used across all industries. Yes, technology (singular) because Data and AI need to work in synergy to generate the best results. 

By the time the term 'Data' was coined, there was already so much of it that IT professionals and computer scientists quickly realized that sorting out and parsing all the data and, at the same time, analyzing the same data would be impossible for humans. They knew that if anything could help, it would be AI algorithms that would be able to derive valuable real-time insights from that much data. 

The merge of these two disciplines created a technological boom changing businesses left and right. But how exactly?

 

AI for Business

Unlike a decade ago, the internet is now filled with data providing important information about consumer habits, likes, dislikes, personal preferences, and activities. This type of data, when paired with AI technology, can help businesses:

  • boost efficiency with various process automation solutions
  • improve consistency and speed of service
  • use customer insight and review to inform decision-makers
  • discover new opportunities for new products and services
  • it can detect fraud threats
  • optimize supply chain operations

 

We could list the benefits of AI for business for days. However, many people would still need clarification, a concrete example, about how to get a taste of some of these benefits and how they can improve their business operations with AI. 

Here at Quantox Technology, we believe in a practical approach and the power of learning. With more than 550 IT experts, our team has some of the best mentors in the industry, ready to convey the usage and possibilities of their products in the simplest way. 

 

Quantox E-commerce AI Solution Use Case

The Quantox team was introduced to an e-commerce client that needed an AI solution to simplify one part of their working process. Our client had an online furniture store where they sold design furniture and artwork. So naturally, they've set up a webshop with thousands of furniture listings where you can filter your search based on your preferences. For example, you could filter furniture by type (beds, couches, sofas, tables), color, manufacturer, material, and many other specifications.

That meant every product needed a string of descriptive words in their specifications for their search filter to work. For example: If you wanted a black table, you would get a listing of any product that mentions the words "black" and "table." But if you wanted a "Sanne Protin black dining table," if labeled correctly, you would get only one result. 

THE PROBLEM

However, the client's problem was not labeling products correctly, rather than the labeling process being money and time-consuming. At that time, their products were being labeled manually, meaning they needed to pay people to input labels individually. 

 

OUR SOLUTION 

To fix this problem, the Quantox Data & AI team proposed they create an automatic labeling system that will save them valuable resources. We created an AI system that takes an ad as an input and returns "labels" as an output, meaning product type, color, manufacturer, and material. In terms of business, the result was a significant decrease in the labeling cost and time to obtain the labels, which generally sped up the entire listing processing, had a considerable impact on their business, and positively affected their business efficiency.

 

 

Translating Human Problems to Data Problems 

1. ASKING THE RIGHT QUESTIONS

So, we were building this system. It's a simple task for a human but could be difficult for a computer. To successfully transfer this business problem into a data problem, we must ask the right questions.

 What would a human do if they had the task of labeling the products?

The trick is to answer these questions in as much detail as possible. For example, some would say, "well, a human would read the description," but the correct answer is, "the human would look at the listing." That means our internal conversation would look something like this:

Through questions, we slowly realize that humans would look at the image and type in what they see. For example, they see a black table, so they would type that it's a table and it's black. They could also read the description to see who the manufacturer is and what material was used. 

 

2. DRAWING THE RIGHT CONCLUSIONS

The answers to our questions told us our system needs to be able to emulate human behavior. Mainly it needs to be able to "see" the images and recognize objects on them, but also recognize text, read it, and understand the meaning of it too in order to extract the vital information needed for labeling.

Well, what can "identify" objects in AI? Computer vision certainly can. 

And how can a computer read and understand text just like a human? With Natural Language Processing, of course.

 

3. THE DATA AND AI MODELS

As always, we needed data to apply to our AI algorithm, so we took around 20 thousand pre-existing labels to train our AI models. The diagram below shows how data trained our models and how it was deployed, monitored, and maintained.

On the left side, you'll notice a very important box saying, "hold out a fraction aside." This means we took a small fraction of data from the 20 thousand label batch (about 10-20%), which is the data we did not show to our model. The reason is simple - we wanted to test our model on that data after it's trained. This way, we can see how our model performs on data it hasn't seen before. 

In the middle, you can see that we have two separate models. One that works with images and one that works with text. Each model is tasked to learn different things, and finally, that information is combined to output the desired information. 

The task is simple: "Build a system that says: This listing is selling a lamp, and the color of the lamp is beige-brown-yellow-ish."

We'll learn how this simple task can quickly become a bit more complicated for a computer.

The listings are given as "image+text" pairs, and we're free to choose from a wide arsenal of AI techniques as long as the solution delivers the desired information that is correct for the majority of the time. In the following sections, we describe some methods we opted for.

Our dataset contains around 20 thousand examples similar to this one, containing images of various furniture types: couches, sofas, tables, wardrobes, etc. In addition, the data includes information about where the object is on the image and the product being sold. We used 15,000 examples to train our AI algorithms (training data), while the other 5,000 we used as test data.

Here's an example of what a typical listing looked like.

Disclaimer: The product shown in the photo is for illustration purposes only and does not represent the actual product of our clients. It is used solely to explain and demonstrate the capabilities of our AI models.

QUANTOX COMPUTER VISION MODEL

Our computer vision model was supposed to extract information from the image. We expected it to localize a lamp and tell us that it is, in fact, a lamp. To do so, our algorithm needed to perform two tasks: object localization and image classification. 

A bounding box consists of 4 numbers representing the coordinates of the box itself:

X_upper_left, Y_upper_left, X_lower_right, Y_lower_right.

Our model, in essence, is a model that tries to predict these four coordinates in an image and assign the label "lamp" to this listing. It does it in such a way that the predicted coordinates should mostly overlap with coordinates provided by humans. At the same time, the product label ("lamp" in this case) should match the human annotations in most cases. 

 

GOAL: Maximize the overlap and assign the correct label.
Now that we know what the model should do let's see how it does it. 

 

WHAT ARE CONVOLUTIONAL NEURAL NETWORKS?

Each image was run through a convolutional neural network (CNN) tasked with learning the features of the image. Neural networks are made of neurons. Neurons group into layers. Layers hold numbers used to process our data (by multiplication and addition). Those numbers represent the knowledge of our network. Intelligence even, if you will.

The CNN model we created contains 53 convolutional layers. Each layer transforms the image by applying a convolution operation on the image. Convolution is actually a whole lot of additions and multiplication following the pixel grid of the image and some additional rules.

What that means is, at a high level, we plug an original image into the CNN, and it goes through each of these layers sequentially. The output of each layer is a slightly modified version of the original image. These modifications can highlight contours and shapes of interest in the original image or blur and make insignificant contours and shapes disappear.

We program the network to tweak the convolution operation and figure out what these shapes are on its own. Then, we let the network try multiple times until the results are satisfactory according to a predetermined criterion. This process of tweaking the layers (or, more technically, tweaking the parameters of the convolutions) is known as training the neural network. 

When the image passes all 53 convolutional layers, we add another two layers, which we construct in such a way that we can read what the network thinks the bounding box is and what is the object residing in that bounding box. Finally, we read predictions from these final layers. They're tweaked similarly to convolutional layers during training. When this lamp was successfully detected, we cropped out the predicted bounding box, extracted the dominant colors, and gave it its first label - a "lamp."

 

 

QUANTOX NATURAL LANGUAGE MODEL

Now that we know how the computer vision part of the solution works, the question arises: "Why do we need text at all? Isn't computer vision all we need because we got the colors and the product?"

Well, not exactly. What if the lamp was labeled differently, for example, "torch"? In this example, it isn't, but there could be a lot of other instances where labels can be nothing more than misleading synonyms. We can't simply rely on one-word descriptions of the product coming from some people we don't even know who labeled these listings. They might have labeled it for a different purpose, who knows. That's why we're complementing the information we extracted from images with the data from text. We're shrinking the margin of error and trying to output results that align with the industry's terminology as much as we can. 

Plus, the computer vision model can detect a lamp and might even detect some sort of cat on the bottom of the lamp. Of course, it's essentially wrong detection (because it's not a cat, but a llama), but the text helps us deal with these cases as well, and now we'll see how.

So, let's get technical. Now suppose that our computer vision model detected both a lamp and a cat.

Now we have two detections: a lamp and a cat. Certainly, a cat is not for sale, nor is it a real cat. It's a cat-shaped pedestal for the lamp, which is probably not even a cat but a llama. This is just to give you a sense of ways these models can be wrong. We need to filter the object detection algorithms' outputs by analyzing text. Remember that the listing description states:

"Created and designed by the famous 20th-century art deco designer Jean-Michelle Jarre, this nightlight can be a great addition to your living room or bedroom for only $99.99". 

Our goal is to search for the words "lamp" and "cat" in this text and find a match. But we would fail if we want to match the exact string of words. There are no words "lamp" or "cat" in the description. But there is the word "nightlight." You'd agree that refers to the lamp. Of course, you would, but how do we build an AI system to figure that out?

That's the goal here. And the tool is, again, a neural network. Specifically, the neural network performing the task of "word embedding," unlike the former network performing the task of "object detection." 

The neural network's inputs are text sequences, and the final output is a numerical representation of the input word. Literally, a sequence of numbers. How many numbers? We can decide that, but the common practice is higher degrees of 2, such as 256 or 512. 

So yes, sequences of numbers, like the lottery, but with one crucial property. When two words of similar contexts, such as "nightlight" and "lamp," are represented numerically, they have similar representation, again by some predefined criteria. However, when words of vastly different contexts are represented numerically, these representations are different, such as "lamp" and "truck," for example.  

So we create a neural network consisting of layers, except they're not convolutional. They're different types of layers, each connected and the final layer from where we can read predictions. Like most NNs, this one also has to predict something, and by tweaking this network, it learns which words frequently co-occur, effectively meaning that the network learns which words are contextually similar. Its knowledge is represented in its layers, which we then extract from the network and use as our "numerical representation of the words themselves." 

When this is trained, we get a numerical representation of all the words from the listing description and all the words from the object detection model, namely, "lamp" and "cat." Now we measure the similarity between the word "lamp" and all the words from the description individually and then repeat the process for the word "cat." The similarity score is a cosine (remember trigonometry?) between the numerical representations of two words for which we calculate the similarity. This cosine similarity ranges between 0 and 1, 0 meaning not similar, and 1 meaning identical. 

Now relying on the fact that the listing descriptions are highly likely to mention the product itself or at least some products' synonyms, we can expect that whatever the product is ("lamp" or "cat"), it will have a high similarity score with whatever the product is in the description. 

  • In this case, the words "lamp" and "nightlight" have, say, the highest similarity between all the combinations, so we say - "THE PRODUCT IS THE LAMP."  
  • The word "cat" will have minimal similarity with the words in the description because the description never mentions animals, cats, dogs, pets, or anything within that context, and context is learned in the neural network, so "cat" will end up omitted. That's how we know - "THE PRODUCT IS NOT THE CAT."

Now let's see the results. 

 

THE RESULTS

When all this is said and done, and the models are trained and validated, it's time to put them to the test and see how they behave on the data they weren't trained on. Remember that the test data contains the "text + image" and the "location + object" parts. We hide the "location + object" part, obtain the predictions from it, and then compare them with the actual location and object. 

When predicting a product, we achieved 91% accuracy on the training set of around 5k examples. As for colors, the number is at about 70% on the same dataset, but it is a pessimistic estimate based on sampling and employing the naked eye to method to say "this is right" and "this is wrong." The reason for that is that people see colors differently. In the case of our lamp, one person can say "beige," but the other person might say "light yellow." Suppose you convert the color names into an RGB system. In that case, they can differ vastly, so if we calculate the Euclidean distance between "beige" and "light yellow" in the RGB coordinate system, we can wrongly conclude that the model made a wrong prediction. In fact, both the model and the person labeling are right. We believe the actual number is much higher than 70% since the errors mostly come from the edge cases where you can argue it's the same color.

 

THE DEPLOYMENT

Once we've run all data through our models and our models were trained and tested, we deployed the model in production. This means that we need to save the models in some sort of model storage, which could be on some location on our server, on our client's server, or on a cloud storage service of choice. In this case, it was the client's server.

Specifically, we used Flask to create a Python API and Docker for deployment. When the API is called, it triggers a forward pass through the neural networks, which returns some predictions. The application then processes those predictions as described above and returns a response. Finally, the client integrates with our model by calling our API from their application, which gets them the desired information. 

They can then process the information however they see fit, e.g., display them in some sort of drop-down menu on their front end or have radio buttons to help their users filter their search when buying furniture. Here's a diagram describing the solution's architecture at the highest level.

And that's it. We described the process of training a computer vision model, a natural language processing model, we touched neural networks a bit, shining a light on what it means to train the neural network, what are "As" and "Is" in "AI," and how the information obtained from these networks is used in practices to improve the user experience when shopping for furniture online! A lot of math and engineering for such a seemingly simple task, right? However, the work pays off when implemented correctly, especially in the eCommerce industry, where there's a great deal of data and many different types of applications for AI solutions.

 

Data, AI, and Quantox - a Perfect Recipe for eCommerce Growth!

Transforming your eCommerce business paradigm in 2023 can make your business stand out from the competition by increasing revenue, conversion rates, and the overall popularity of your brand. Integrating AI technology in your eCommerce business gets that much easier with Quantox Technology team of experts that have been providing Data and AI services and eCommerce solutions for years and have a proven track record of success. Our team will take the time to understand your unique needs and develop a customized solution that fits those needs. So, are you ready to unleash the potential of AI for your eCommerce? Let's Talk!

Blog
Data & AI Business Benefits
January 9, 2023
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by
Aleksandra Dzinovic
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It's the final curtain call for 2022 and, as 2023 is slowly approaching, it's already clear that Data & AI technologies will play a major role for many businesses in the future.
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It’s the final curtain call for 2022 and, as 2023 is slowly approaching, it’s already clear that Data & AI (Artificial Intelligence) technologies will play a major role for many businesses in the future. Companies around the globe have already switched their business model and, in some cases, mindset to the digital world and are now looking for ways to bridge the gaps they found in their digital experience. The best solution is now also the talk of the town- Data & AI technology.

With such a wide range of uses in business, from streamlining job processes and aggregating business data, AI is ready to take the two-dimensional technology and surround the consumers with a three-dimensional physical environment.

We probably already interact with AI on a daily basis without even realizing it. However, it is not the same AI most of us imagined, culturally influenced by decades of science-fiction books and movies. Instead, today’s AI can be something most people, especially younger generations, consider a norm, like ”Alexa”.

The idea of AI is not new, but it certainly took a long time to develop. AI technology came into existence in 1956, and it would take decades of developing the technology and systems to get what we have today. Now, Data & AI go hand-by-hand and are even applicable, soon to become invaluable, to any business if they want to ensure success and steady growth. With the potential to simplify the mundane work process and achieve breathtaking results, AI technologies are becoming necessary if you want to gain a competitive edge in any industry. What was once a theory is now a tangible business toll perpetuated by tech giants like Microsoft, Google, and IBM.

So, if you are a business owner looking for a way to transform your business, this article will help you learn about the benefits of Data & AI in business.

What is Artificial Intelligence (AI)?
What is Data and Artificial Inteligence, AI

In order to fully understand how AI technologies can help a business, it’s essential to know what they are. There are many definitions of ”Artificial Intelligence.” Still, the broad term is that ”AI is any computer software that engages in human-like activities like learning, planning and problem-solving”. A bit vague, huh? It’s like saying your colleague is a ”human”- it’s technically correct but doesn’t specify anything. We must go beyond the basic definition and scramble through the details to learn more about different types of AI and where artificial intelligence is used.

Machine Learning

One of the most used AI technologies in business must be machine learning. Machine learning uses algorithms that process large amounts of data in an extraordinary short amount of time. Plus, those algorithms have the ability to ”learn” over time. The more data the algorithm processes, the more its modeling improves.

For example, you own a factory with all sorts of different machinery, and you need each and every one of those to work like a clock. This is where AI comes in. A large amount of data about the functionality and production of your machinery goes into a central location where, thanks to AI technology, a human worker is presented with real-time information about the condition of your machinery.

Such quantities of data and patterns are impossible for a human to sift through, and that’s why AI technology plays an important part. Machine learning can process all the data more rapidly, recognize the patterns and anomalies, and finally notify the decision-makers if maintenance or a repair is needed.

What is machine learning
Deep Learning

The development of an interconnected web of artificial intelligence ”nodes” is also known as deep learning. It is a specific type of machine learning relying on neural networks to engage in nonlinear reasoning. Sounds confusing, right? So let’s try to simplify it.

There’s been a lot of hype around self-driving cars, and understandably so. The idea that a vehicle could make the right decisions in traffic as a human would is revolutionary, but thanks to deep learning, today it’s a reality. Self-driving cars use deep learning algorithms to process data collected from their sensors. Information like the distance from other objects and their speed, predictions of where those objects will be in 10 seconds- all that data helps self-driving cars decide when to change lanes. Moreover, deep learning models can improve with every bit of data they process.

Data & AI in Business Today

While the idea of AI was still fresh and developing, many feared that AI could and would replace humans and their job positions. Still, rather than taking over the world, AI today serves as a supporting tool for all of us.

AI technology still has some difficulties completing common-sense tasks in the real world, but what it can do is process data- and fast! By analyzing data faster, AI can also present us with every possible solution for our problem and the consequences of each action. This can help businesses streamline the decision-making process.

For decades, data collection has been a central business practice but impossible for any individual and company to use efficiently. Why? There’s simply not enough time to interpret all data. However, with AI-enabled applications and other digital tools, businesses can collect real-time data from an established database and learn about their consumers’ problems and preferences. Once they know that, they can easily increase efficiency, personalize their product or service, make informed decisions, and reduce costs. All this will eventually lead to increased revenue.

Common Uses of AI in Business

While there’s more room for AI to grow, as it inevitably will, today, we use artificial intelligence technology in the following ways.

  • Machine learning: is often used in systems with a large amount of data. AI helps contextualize that data so the company’s decision-makers can understand energy usage or maintenance demands.
  • Customer Relationship Management: CRM systems are rapidly changing with AI technology into a self-updating and auto-correcting system that helps businesses stay on top of their relationship management.
  • Internet and Data research: AI has become irreplaceable when it comes to providing internet users with customizable experiences. Now, businesses of all sizes and types can easily target their specific audience without relying on the users’ search box. Thanks to AI, the right information is finding its way to the user now.
  • Digital Personal Assistant: businesses can leverage Data & AI in many different ways, not just by transforming their services and customer relations. Artificial intelligence can help reorganize a company’s operations and streamline the workflow. Everything from emails, calendars, and work processes can be done with the help of AI personal assistant bots. So, by leaving smaller tasks to AI, employees, managers, and decision-makers can dedicate themselves to developing strategies that will increase revenue and boost company success.
  • Cyber-security: AI serves as a 24/7 ”extra set of eyes” that monitors data input patterns, finds anomalies and threats, recognizes cyber-attacks, and backtracks to their source. It can also prevent future threats.
Data & AI cyber-security benefits for business
How Can AI Improve Business Processes?

Do you want to start using artificial intelligence technology in your organization but still don’t know which processes you can and should automate with AI? The latest Data & AI reports show that many industries that implemented this technology are already experiencing major growth in revenue just by automating a portion of their business processes. Well, let’s learn more about the stronger points of AI technology to know how a business can use artificial intelligence to their advantage.

Five Things AI is Just Better At

AI technology is a long way from surpassing human intelligence and has its limits, but there are some things where AI technology is a better solution. Easy to adopt and implement in any business practice, AI is very good at interpreting visual, text, and speech formats.

Visual

Many industries use visual tracking in order to increase productivity and efficiency. This is only possible with AI and its vision-trained capabilities that range from storing and captioning documents to supporting IoT (Internet of Things) sensor arrays.

In short, you can train AI technology to process, identify and search images using computer vision and later use it for things like tracking clinical workflow, automating inspections for a manufacturing process, or even monitoring store conditions.

Speech

So we are back to Alexa or Siri as an ultimate proof of just how much users and consumers love to be engaged. Customer engagement, in this case, excelled thanks to the AI technology converting speech to text and vice versa. You can also use this AI benefit for company staff training.

Knowledge

By mapping information, providing recommendations, and supporting semantic search, AI can be used to improve user experience and offer your consumers information they’ll actually find helpful.

Search

The profile of your everyday user has changed, and newer generations of consumers will be hard to satisfy and engage. Accuracy and search engine speed are the key to success. Still, they can only be achieved by using AI to enhance your search functionality while enabling it to use images, videos, web pages, and more to give your consumers exactly what they need.

Language

We’ve come a long way from communicating to technology in 0’s and 1’s, and today we can even hold a real, full-sentence conversation with it. Thanks to Natural Language Processing (NLP), businesses can integrate bots to chat with consumers. This type of AI technology can translate languages and even recognize sentiment, letting you know whether your consumers are satisfied or not.

How to Manage Data & AI in Business?

With great data comes great responsibility- this is something every business owner should know. You can quickly improve products and services with AI by using the data and increasing its value, but only if you manage and secure your information and protect your business, employees, and customers.

If you own a business that uses AI technology, you should have a comprehensive data management strategy for:

  • access
  • authentication
  • creation
  • privacy
  • processing
  • security
  • storage

Cyber-criminals target other businesses’ information by looking for emails, addresses, phone, and account numbers. It is a significant concern of every business, regardless of the size or industry. AI technology can tackle a great deal of tasks related to security of any organization by fine-combining through all patterns and finding any anomaly within milliseconds.

5 Steps to Take Before Implementing Data & AI in Business

Using AI technology for business may be the next best thing, but you should still take steps before transforming your business with AI-based tools.

Step #1 Ask Important Questions

Using the latest AI technology trends can be beneficial for a business only if the right trend is picked and implemented. With that being said, don’t dabble in trends that offer little to no benefits to your business or industry. Instead, ensure that the AI technology is the best tool you can use for your specific industry, business size, and model. Ask yourself if AI can be used to boost your business, but also how you or your users can misuse it.

Step #2 Stay Human-Oriented

Remember that humans created AI technology and, as such, it is prone to mistakes. Dispose of the idea that you’ll create a mistake-free environment by replacing a human employee with AI technology. Always keep this in mind as you review the results your AI provides.

Step #3 Stay Unbiased

Believe it or not, human bias can affect the AI algorithm in many ways, so carefully choose the data set you’ll use as you create a training model. Also, ensure that the creator hasn’t unintentionally programmed their own bias into your AI.

Step #4 Explain Your AI

Your users or stakeholders will want to know the logic behind your AI and how it reached a particular conclusion. Explaining your AI’s decision-making process will help you maintain trust between you and all other parties.

Step #5 Use Data & AI Responsibly

Since AI technology can be quite a powerful tool, it mustn’t fall into the wrong hands. Responsible AI refers to frameworks that ensure businesses act transparently and ethically with AI technology. So ensure you can follow all government regulations regarding using AI technology before you even create an AI business strategy.

The Future of Data & AI

While we can’t predict the future, it is clear that Data & AI technology will become an even more integrated part of the workforce. With the potential to replace many human jobs, this technology can also lead to the specialization of employee skills. Where AI will take over data analysis, people will be required to cultivate qualitative skills like creativity and problem-solving.

With further technology development, we’re bound to see new business applications, consumer uses, and new startups emerging. The Internet of Things and Data & AI make a powerful combination that can easily change the economy. With so many benefits of artificial intelligence, those companies that utilize this technology in the right way can make it to the top in no time, completely turning the tables for themselves and their competition.

Start Your Data & AI Journey with Quantox Technology!

Quantox Technology ensures the best professionals in the field create your AI solutions. Our Data & AI experts have over a decade of experience building reliable AI applications engineered to scale your business and increase revenue. Discover the potential of AI technology and benefits of big data and how it can ensure long-term success for your business with Quantox Technology. Let’s Talk!

Blog
2023 Holistic Data & AI in Business Analysis
November 4, 2022
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by
Aleksandra Dzinovic
read time
Artificial Intelligence (AI) has always been wrapped in a veil of mystery, looked upon in pure awe or fear.
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Artificial Intelligence (AI) has always been wrapped in a veil of mystery, looked upon in pure awe or fear. Regardless of how much we all want flying cars, we also vividly remember the plot of the Terminator movies. However, whether we think the future of AI will be bright or bleak, it’s already here, and it’s promising to be a 5-star rated one.

AI technology is already playing such a big part in our day-to-day life. So much so that, during the worst case of pandemic a world has seen in the last century, AI technology was what kept many businesses afloat, changing their services, products, and strategies forever. It also gave those companies a considerable boost in revenue and led to cost reductions, making AI technology and implementation one of the leading business strategies in 2023.

There are thousands of surveys, case studies, and reports on the future of AI in the business world. From global to local reports, predictions, and industry-specific details, AI technology has been the ”talk of the town”. After all, the data and numbers never lie, and AI has proven to give magical business growth percentages every business owner would want.

Holistic Approach to AI in business

Most Important AI Business Statistics
  • By 2027 the global AI market value is expected to reach more than $260 billion.
  • AI could contribute more than $15 trillion by 2030 to the worldwide economy.
  • As much as 37% of all businesses and companies have integrated AI into their processes.
  • 9/10 of leading global firms investing in AI technologies.
  • While AI will eliminate 85 million jobs by 2025, it will also create 97 million new ones.
  • Today we have more than 3 billion voice assistants in use, but next year we’ll have 8 billion.
  • By 2025, the AI industry will be earning around $126 billion annually.
  • more than 67% of US citizens believe self-driving cars are safer.
  • 25 countries worldwide are currently designing self-driving vehicles.
  • The autonomous car industry could be worth more than $600 billion in the next five years.
Artificial Intelligence Business Usage

Companies worldwide use AI technology to automate some parts of the work or help their employees achieve better results. However, looking at AI across all industries, we notice that while some have everything to gain through AI, many sectors are still dipping their toes into AI and how it can be used to its fullest capacity.

  • By 2030 AI will help boost the GDP of many local economies. China is expected to be the leading one with a gain of 26%.
  • Startups that used AI received more than $7.4 billion in funding during the second quarter in 2019.
  • According to Gartner’s 2020 report, more than 37% of businesses used AI technology in their workplace in 2019.
  • There was $57.6 billion of spending on AI and cognitive systems in 2021 globally.
  • From 2015 to 2019, the number of companies that implemented AI in business grew by 270%.
  • 38% of healthcare providers use AI technology for diagnosis assistants.
  • 52% of all telephone companies employ chatbots (AI technology).
  • The public opinion about AI technology is turning positive, and now, more than 50% of consumers are agreeable with AI.
  • More than two-thirds of consumers are agreeable with AI helping boost customer engagement.
  • 26% of all consumers interact with AI on a daily basis.
  • The Wearable AI market size is predicted to grow to $180 billion by 2025.
  • One-third of commerce consumers prefer to interact with AI.
  • More than 52% of consumers are doubtful about AI protecting their private information.
  • 4/10 consumers trust that companies using AI are more careful about customer data.
  • Netflix’s AI recommendation engine is worth $1 billion a year.
Wearable AI market
How Do Businesses Adopt Artificial Intelligence?

According to Forbes, 4 out of 5 companies are putting AI as top priority business strategy for their organizations. A staggering 83% of companies claim AI strategies they implemented are the reason behind their growth and success.. One of the most common ways companies use AI is through chatbots and automated emails, simplifying everyday business communication and saving time, and those are just some of the many benefits of AI implementation.

33% of organizations have started implementing AI technology in some capacity, while 25% have fully developed AI-enabled processes. As much as 21% of all companies already have a few strategies and concepts and are looking to scale, but only 14% have had concepts with limited success. A small percentage of organizations, 7%, don’t use AI but are interested and currently looking for a way AI can help increase their revenue and overall boost their organization’s success.

Analytics Insight reports that 80% of retail executives will adopt AI at some level by 2025. The majority of the executives say that in the next three years, their company will be using AI.

How To Leverage Data, Cloud, and Analytics in Business?

According to the PwC report, most companies that work with AI reported promising proof of concepts that are ready to scale. But some companies use AI in a more advanced way and are achieving incredible results like significant ROI.

What those companies are doing right is using data and AI not to solve only one problem but adopting AI for business transformation, enhancing decision-making, and modernizing systems and processes. According to the report, the holistic approach to AI implementation in business had the best results.

The holistic approach enables fast AI success, and leaders should be looking to invest in and manage data, AI, and the cloud as a whole. A Holy Trinity of AI, if you will, but taking on this approach will deliver more value at scale because it means data from inside and outside the organization is being analyzed constantly.

The Value of AI in Business

More than 44% of organization leaders think real AI value is realized in automation, increasing productivity. Next, as much as 41% of all leaders think AI solutions improve decision-making, while 40% of all executives believe AI helped them improve customer experience. Finally, products and services innovation values of AI were also one of the significant points for 40% of CEO and leaders.

Decision-Making with AI solutions

Business leaders know just how vital decision-making is, but how does AI help exactly? To make an informed decision, you’ll need a lot of information, do some fact-checking, calculate the risks, and do a prediction analysis. AI technology can simply analyze and process a lot more data than any human being.

For example, suppose you want to optimize pricing. In that case, AI can analyze historical data on margins, supplier costs, product sales, and customer satisfaction and then estimate possible solutions and scenarios. It can show you how your competitors may change their prices, make an analysis with the predictions of future economic events and enable better decision-making. And with the combination of edge computing AI can make that analysis and give you solutions at lightning speed.

More than 74% of leaders said AI is used to make technology decisions within their organization, and 62% said it is used for operations and maintenance. In comparison, 61% of leaders claim AI is used to boost customer experience.

How Can Companies Implement AI?
AI implementation in business
Start From The Back

Don’t start with data if you’re considering adopting a new AI model for your business. Instead, go backward and think about the outcome you want, then look for the data to back up your goals. Next, you need to consider other decision-makers using this model in the same way, where the model will fit in the decision-making process, cloud integration, monitoring, scaling, improvement, and finally, a retirement plan for the model. Make sure to learn more about the latest Data & AI trends and how they can help you navigate the change to a new business model.

Leave the Data to AI

Many companies have tons of messy, unstructured data, whether it’s documents, images, or videos. Just tell your AI what kind of data you need to achieve the desired result, and it will sort through all the mess before placing only the most vital data in front of the company’s decision-makers.

Focus First, Scale Later

Having a holistic approach to AI business implementation doesn’t mean you have to do everything simultaneously. Instead, start from the essential functions you want to simplify or automate within your organization, then scale up to other and more complex tasks.

AI Simulations in 2023

If there’s one thing all survey respondents (as much as 96%) agree on is their plan to use AI simulations in 2023. A compelling feature, AI simulation can provide detailed, real-time insight into a company’s real-time performance.

Just imagine creating a simulation of all suppliers, customers, competitors, weather, economics, and whatever variable you need and be able to predict supply chain pricing flow, both dynamics and disruptions. Now, you can plan a navigation strategy by knowing what will happen.

57% of leaders from the survey plan to use AI simulations for market conditions forecast, while 54% will use AI simulations to support financial, sales, and marketing planning.

AI simulations can also help hire and train employees, with almost two-fifths of surveyed companies already doing so. In addition, AI-powered simulations give room for better virtual recruiting, finding candidates worldwide, and managing and monitoring remote workers.

AI Labor Market Solutions

Labor market challenges are present in any industry, but 98% of companies believe AI can help overcome these challenges. In addition, many companies put great hopes in AI by automating their processes or reducing their hiring needs.

However, AI has its own labor market challenge: a lack of AI talent and a high cost of the existing AI talent. However, holistic AI companies know that AI initiatives increase revenue and are not paying much attention to the lack of AI talent. They know it’s money well-spent. As a result, those companies are 1.5 times more likely to leverage third-party vendors like managed services providers with a complete AI workforce.

Find Your Data & AI Talent in Quantox!

Quantox Technology Data & AI experts can help you adopt and leverage artificial intelligence and optimize many different work processes within your organization, by completing essential data gathering and analysis that can help streamline your operations and enhance your business’s profitability. Let’s Talk

Blog
Top 7 Data & AI Trends in 2023
November 4, 2022
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by
Aleksandra Dzinovic
read time
Although AI technology is not new, it's beginning to have a significant impact as businesses realize the potential and the possibilities new Data & AI trends offer.
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Although AI technology is not new, it’s beginning to have a significant impact as businesses realize the potential and the possibilities new Data & AI trends offer. With AI today, companies can transform and create new opportunities in almost every industry.

“If you want to think of a new thing, the new thing that is going to be most attractive is going to be something that you can do with scaled AI,” said Whit Andrews, vice president, and an analyst at Gartner Research. However, not many know that behind the magic of scaled AI is a significant amount of data being processed and labeled. Therefore, it’s imperative that companies realize their data needs to be in order before they see what scaled AI is capable of.

Now, in 2022, we’ve seen AI trends emerging, promising scalability to any business, regardless of size, type or industry and those trends are going to be even more popular in 2023. So what are those AI technology trends, and how can they impact companies and their digital transformation efforts? Let’s find out!

#1 Large Language Models

Language Models are AI models that rely on machine learning to, in simple terms, learn how to speak our language. These models determine how sentences, phrases, or even paragraphs are related by processing a considerable amount of text and building a model. That model understands how we, as humans, use language and copies our semantic techniques to output a more human-like interaction.

AI language models have come a long way from being fine-tuned by us. Today, your AI can learn and solve a new problem in only a few training examples. In the business world, this means that the cost of artificial intelligence is now reduced, and it’s easier and more affordable to automate many business processes.

#2 Natural Language Processing

Not only is AI able to copy our way of communicating, but it’s also able to understand what we are saying. NLP or natural language processing is the “ability for a computer to understand the meaning of text or speech.” Do the names Siri, Alexa, and Cortana sound familiar? That’s precisely what NLP does- it creates technologies that can understand what people say and then make appropriate actions and give the right responses. Now just think about all the ways one company’s internal NLP-based AI can assist all employees and scale business operations.

Not only is AI able to copy our way of communicating, but it’s also able to understand what we are

#3 Generative Artificial Intelligence

We can consider Generative AI to be a whole different branch of AI, like that one cousin we all have that’s exceptionally good at arts. As the name says, Generative AI generates content like images, converts text to images, makes music, and writes the text. It is a strategic AI technology for 2022 and 2023 , according to Gartner. And while making music and generating images doesn’t sound like important work for any business, think about the application Generative AI can have in marketing. To be able to generate human-like grammatically correct text relevant to the topic and give it a compelling visual with only AI can easily change the flow of the digital marketing industry.

#4 Reinforcement Learning

Do you need a way to successfully use AI in robotics, games, data science, and finance? Then you need artificial intelligence focused on decision-making and reward-based training. Reinforcement learning is the keyword here since this branch of AI learns from the environment and then adjusts its behavior to maximize rewards. In other words- it goes by the ‘trial and error’ principle, learns from its mistakes, and does better the next time. Just like humans do!

Only AI won’t fall into the trap of making the same mistake again. If Reinforcement AI comes across a situation it has already “learned,” it will always pick the best outcome and the one that achieves its goals. It’s easy to understand why business owners are most excited about this AI trend seeing the possibilities it can have in boosting any business.

#5 Multimodal Learning

Multimodal learning helps the system learn more about our world, extracting the data needed from images, text, speech, sound, and video. Things we, as humans, instinctively know because of a little thing called commonsense.

“Common sense is the dark matter of artificial intelligence,” said Oren Etzioni, CEO of the Allen Institute for AI, when talking about AI having zero common sense. And until now, AI didn’t know how to grow its own common sense in the same way we humans – through a combination of visual, linguistic, and sensory cues.

Enter Multimodal AI systems. Finally, artificial intelligence can address the lack of commonsense knowledge with these types of systems. For example, the concept of apple for AI includes vision-related information- color, shape, size, and sometimes even texture. But Multimodal AI systems will be able to know that green apples are also more bitter than red apples, that apples can be used to make apple pie, and the reason why apples are considered a sign of appreciation. So, in short, Multimodal AI systems can ”see the bigger picture”.In business, multimodal AI systems can serve as a good tool in digital marketing by recognizing the images and generating automatic descriptions or detecting false news by verifying, understanding, and cross-referencing one text with billions of others.

#6 AI Virtual Reality

The dawn of the virtual world is rising, and it’s all thanks to AI technology. The creation of an online environment is no longer a science-fiction thing but is almost guaranteed in the near future. At the core of virtual and augmented reality are different branches of AI technology trying to solve problems like creating realistic holograms to shape the virtual world. There are many benefits to Data & AI for a business, and Virtual Reality trend is probably the most exciting way to explore most of those benefits.

Data & AI trends metaverse, VR, AR

“Only recently, with the emerging machine intelligence innovations, have we had access to the powerful tools and capabilities to make use of the advances in computer technology,” said Yifan Peng, a researcher at Stanford Computational Imaging Lab.

It goes without saying that pairing AI technology with some of the most popular software development trends like AR and VR can open a whole new world of possibilities for companies. The ways businesses connect and interact with their users can change completely, and those businesses that try it first now will also be first on top.

#7 Computer Vision Technology

A recent Gartner poll showed that companies worldwide are expected to spend more than $670,000 over the next two years just to get their hands on machine vision technology.

This type of AI enables machines to interpret pictures and videos, with algorithms capable of identifying and categorizing items. It’s primarily used in self-driving vehicles, healthcare, manufacturing, farming, and agriculture.

Data & AI trend computer vision self-driving vehicles

Automated Artificial Intelligence tools will be a way for many businesses to overcome the skill shortage and cut costs. Unfortunately, data scientists are few and far between, and not every company can afford to hire one. So, to generate value from their data, many businesses will use AI-powered tools to analyze data streams, generate ML models and find actionable insights. This will help companies increase revenues, enhance operations and optimize their costs.

How Data & AI Will Shape Business Growth In 2023

As we near the end of 2022, we can say that this year was where companies learned about the power of AI and how to leverage data & AI to spur business growth. Many reports show that implementing Data & AI in certain industries, even if you automate a portion of your daily business processes, can result in a staggering revenue increase. The development of digital services was the primary strategy for surviving the pandemic, but now business’ digital transformation is playing offense with AI-powered solutions.

Many companies have already made investments in AI innovations that are developing and refining at an incredible speed, already creating trends and changing industries. Read on and see how Data & AI shaped business growth in 2022 and will continue in 2023.

  • HOLISTIC PLATFORMS REIGN

Most businesses have collected data to solve a specific problem in the past. However, 2021 and 2022 marked the years of consolidations through acquisitions and mergers, which will continue in 2023. Therefore, if enterprises use point solutions, it can lead to conflicting information across all departments.
Machine learning and AI are the way to create holistic DEA (Digital Experience Analytics) solutions that will analyze a large amount of customer data and give a more comprehensive picture of user experience, thus impact organizational efficiency.

  • DATA DEMOCRATIZATION

With a shift to a data-driven decision-making mindset in most companies, the data collected needed to be accessible to more people. So, in 2022, data was democratized within an organization, with leaders and departments able to access data, increasing transparency.

The focus on data will lead to a greater need for AI-powered tools, with a particular emphasis on the quality of data and data tracking.

  • PRIVACY CHANGES

Many businesses have already adopted Responsible AI solutions, but not all. With the new government rules and regulations regarding data collection and privacy, companies will have to balance being compliant and giving their users control over their data.

In 2022 companies had to find a way to accommodate the regulations and their customers’ desire to be able to control how their data is being used while still having a hyper-personal digital platform experience. Responsible AI solutions are, at the moment, a perfect tool that allows for both and further helps companies make fairness and transparency become consistent practices.

  • DATA & AI IT TALENT

Businesses that want to implement automation to increase productivity need to know that automation can be overwhelming. Leaders should start small in order to scale efforts successfully but to do that, they need great data IT talent.
Due to a talent shortage and Data specialists, having an in-house data scientist is no easy feat. The solutions come in the shape of companies that offer services of creating AI solutions tailored for each business.

  • SAFER ROADS

There’s a theory that AI is replacing humans and, one day, we will perish because of it, but no one is talking about the dark side of human beings and how AI can help us make this world safer from….well, us. For example, safer from an individual’s uncontrollable desire to operate a vehicle while under the influence. Or perhaps safer from the misfortune of having a drowsy truck driver falling asleep at the wheel because the economic situation caused him to take on more working hours.

These are all possible scenarios happening daily worldwide, often ending up terribly and counting many fatalities. But AI technology can help us, humans, stop taking unnecessary risks by taking a ride with us and keeping us safe.

Data & AI road safety analysis

AI-enabled cameras and sensors built into commercial or personal vehicles can prevent a person from drunk driving by measuring moisture content on the drivers’ hands via sensors located on the wheel. AI can also save drivers from carbon-monoxide poisoning by gaining data through an air quality monitoring system and executing an automated window opening. Such AI-powered systems are needed in order to make professions like trucking safer and more appealing, which would be a great way of solving the current driver shortage.

Implement the Latest Data & AI trends with Quantox Technology!

Connect with some of the best Data & AI specialists in the IT industry here at Quantox Technology – a place where AI innovations are born! From computer vision to natural language processing, we use cutting-edge technology to build reliable AI applications tailored to your industry and a way to scale your business and boost revenue. Want to implement AI in your business? Let’s Talk!

Blog
Tools for Application Development That Will Help You Dominate Your Market
June 21, 2022
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by
Aleksandra Dzinovic
read time
The rise of mobile apps began when businesses realized they could use mobile apps to boost their revenue by reaching their consumers easier.
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The rise of mobile apps began when businesses realized they could use mobile apps to boost their revenue by reaching their consumers easier. Now more and more companies are jumping on the bandwagon of leveraging mobile apps for business and earning a great deal of profit through the mobile medium. Whether they’re developing in-house applications or hiring a mobile app development company, they all want the possibilities and opportunities which come with having a business mobile app.

Knowing why investing in a mobile app is a smart business move in 2022 is the first step to success. Still, once we go deeper into mobile app development, we uncover other important factors that can lead to either success or downfall. One of those factors is knowing which mobile app development tool to use that will fit the budget and the app's specifications perfectly.

What is App Development Tools, and How Do They Work?

If a mobile app is a painting and the developer is a painter, then mobile application development tools are the brushes. There are many of them, and their usage comes down to the app's requirements but also the developer's personal preferences.

Mobile app development tools are the software used by the developer to build innovative, secure, and scalable applications. These tools will give all the resources to the developer in order for them to build an app that integrates with the device's hardware as well as any other business feature that can lead to high-quality results.

The Best App Development Tools You Can Use in 2022.

Sketching the business mobile app idea is a great way to simplify mobile app development. Having all features, goals, and designs ''on paper'' allows developers to clarify their tasks and goals while building your app and which app development platform they need to build for. Once you have sketched your idea, the developer can go on and choose the best app development tool and platform to make that idea come to life.

Many great mobile app dev tools can help them with this job:

Open-Source

  • Framework 7- offers both iOS and Android support, and it can help create an app that has an iOS feel for Android. In addition, it's easy to understand for those who already have excellent knowledge of HTML, CSS, and JavaScript. The most notable features are Material Design UI, custom DOM library, native scrolling, and XHR caching and preloading.
  • Ionic- based on the Sass CSS language and cross-platform. It can be used to build advanced apps because it can be integrated with AngularJS. Ionic has a library of mobile-optimized HTML, CSS, and JS CSS components and tools and works with predefined components.

Cross-platform & Hybrid

  • BuildFire- high-performance, DIY mobile app builder that supports iOS and Android phones and tablets. It has over 45 pre-built plugins, features, a direct integration to Segment, Smooch, and others, and pre-existing templates. With BuildFire, you can launch your mobile app in 30 minutes. In addition, the building of the app is free, while launching costs only $20 per month.
  • Mobile Angular UI- allows you to build HTML5 mobile apps with Bootstrap and Angular JS. It also provides overlays, sideboards, switches, scrollable areas, and bottom navbars for an easy mobile to desktop transition.
  • Xojo- app development tool for Mac OS X, Microsoft Windows, x86 Linux, iOS, Raspberry Pi, and the web. It allows developers to create native apps while providing Xojo Cloud for easy maintenance-free web app hosting.
  • Corona Labs- supports all platforms, and while being specially made for building 2D graphic games and educational apps, it can be used for developing other 2D apps.
  • Jotform Apps- has over 300 app templates that are very easy to customize and manage. With this drag-and-drop builder, you can add anything you want- forms, external links, widgets, and images. It is the best app builder for small businesses, HR departments, restaurants, and healthcare providers.
  • Unity- it is one of the most popular game development platforms you can use to build high-quality 3D and 2D games. You can even use Unity to build AR and VR apps, the industry’s latest development trends, in no time and deploy them across multiple platforms.
  • Xamarin- is a Microsoft-owned software company with a C# codebase you can use to develop iOS, Android, and Windows apps. It allows code sharing on multiple platforms and has a cloud service that you can use to test the app on an unlimited number of mobile devices.
  • Appcelerator- uses JavaScript to create native code. It also offers over 5,000 APIs for Android, iOS, Windows, Blackberry, and HTML5. Appcelerator is not the easiest tool to learn but has loads of features.
  • React Native- open-source framework from Facebook with a ''learn once, write everywhere' mantra using JavaScript as its main code. It allows quick prototyping and high initial velocity while being easy to learn and implement with any feature you can think of.

The best mobile app development tools for Android are Android Studio, Eclipse, ItelliJIDEA, and Corona Labs.

No-coding needed mobile app development tools are BuildFire and EachScape.

The best Windows mobile app development tools are Xamarin and Corona Labs.

Disadvantages of Using an App Builder Tools

disadvantages-mobile-app-builder
Disadvantages of Template App Builders

By using an app builder tool, developers can build a solid working mobile application in a short amount of time. Presenting a business app before your competition may have its perks. Still, rather than that, you'll want to submit a mobile business app that works perfectly and offers a great user experience to your consumers.

Here's why using an app builder tool can sometimes put you at a disadvantage:

  1. Limited Design

When you use an app builder, you limit your mobile app in terms of design. There are only that many templates you can use to create your app, and most of them are alike, which little to no editing possibilities. If your business mobile app needs to be unique, an app builder will not give you the design you need to stand out.

  1. No structure or code editing

Because most app builders use made-ready templates and features, it's hard to change or add a new feature to the app builder. So if your app needs a unique, never-seen-before feature, the app builder will not allow you to create it or code it. Furthermore, you may have access to a smaller pool of templates and features if you choose the basic subscription plan.

  1. Additional Charges

Do you need a feature for your mobile app but don't have access to it? You probably missed out on paying the ''premium'' or ''pro'' subscription plan. The more you spend, the more the app builder will give you. Not to mention, subscription fees are not a pay-once expense but an ongoing expense that may as well amount to quite a lot.

Hire Quantox to Build Your Application - Stay Competitive, Save Time and Money

Quantox has been successfully working in the software development field for many years, during which we have accumulated the knowledge of what it takes to create exceptional web and mobile applications for small businesses and large enterprises. As your partner, we will work on the project focusing on your business' needs, as our expert developers turn your idea into an effective mobile solution that will save you time and money and help you dominate your market. Do you need a mobile application for your business? Let's Talk!

DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

Blog
Why Investing in An App Is A Smart Business Move in 2022?
June 21, 2022
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by
Aleksandra Dzinovic
read time
As consumer behavior keeps changing, now more than ever, businesses need to adapt their strategies to ''find'' their target audience. Unlike before, consumers are no longer interested in hanging around business centers in large cities or searching...
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Why Investing in An App Is A Smart Business Move in 2022?

As consumer behavior keeps changing, now more than ever, businesses need to adapt their strategies to ''find'' their target audience. Unlike before, consumers are no longer interested in hanging around business centers in large cities or searching for their products ''by foot''. The COVID-19 pandemic worsened the matter, and many businesses with physical locations became unreachable due to frequent lock-downs. So, where can companies find their customers? The answer, of course, is- online.

The nature and the potential of mobile phones are slowly reshaping how business is being done. As a result, the leading companies in the industry have taken on a mobile-first approach to creating effective business strategies. One of the critical points of such a strategy is the mobile app strategy. Still, many other companies have yet to embrace mobile apps, relying on mobile web to help them increase traffic. 

On the other hand, mobile apps have shown to be an invaluable asset that helps grow customer relationships and increase customer retention. So, while not being an all-around solution to business success, mobile apps have much to offer.

Why Invest in Business App Development?

How Can an App Help You Reach More Customers?

If a business wants to stay afloat in today's world, they need to find a way to reach as many of its consumers as it can. To reach those consumers, they need to think like them and put themselves in the client's shoes. Only once they do they realize that most of their target audience doesn't have time to sit in front of the computer and browse the whole day. Their consumers are busy and have but a bit of time to search for things of their interest. However, what almost all consumers around the world have in common, regardless of the industry, is the presence of a mobile phone.

Mobile app for business benefits
Why Invest in Mobile App Development

Mobile phone and mobile app usage grew to the point where search engines like Google decided to use mobile-first indexing when ranking websites. In simple terms, those websites that are optimized for mobile search are ranked better. Doing business with a mobile-first approach is catering to the consumers' needs, which means a superior customer experience.

The Benefits of an App for Customer Engagement

When it comes to customer engagement, businesses have a tough job at their hands. The latest app development trends allow businesses to reach out to more customers, but how do businesses make their consumers stick around? 

Today's business environment is hyper-competitive and is exceptionally inventive when it comes to making the buying process as streamlined as possible. In other words, customers are willing to buy products, goods, or services as long as it's not too much of a hassle and doesn't take much of their time.

That's where mobile apps come in, making almost two-step buying processes, automating routine tasks, and giving new possibilities to consumers and businesses every day. 

Catering to Customer Preferences

The irony of mobile usage is that the more we develop mobile phones, the less the users are inclined to use them for calling other people. Instead, today they prefer to manage their life with just a few clicks. Take Domino's Pizza, for example- their new delivery mobile app in the UK increases their e-commerce sales by 24.4%, with more than half of the orders coming through the app. With more than 10 million downloads, their mobile app proved they understand how their customers think.

Push and Pull Notifications

''Out of sight, out of mind'' is the adage, but that's why push and in-app notifications are here for. Such notifications, provided they contain relevant and valuable content, can bring a customer back to the app they forgot they even have on their phones. Moreover, notifications that can catch a consumer's attention can also make them respond to any marketing offer, thus leading to more sales.

Location-based Content

A good business marketer knows you can never cater to your consumers' needs too much. That's why the best marketers leverage geofencing technology to send location-specific, timely, data-driven, and contextual content to their users. This type of beacon can be used to send location-based offers, promote loyalty programs, and even offer mobile-based payments in the area to your consumers.

Rewards and Loyalty Programs

Consumers love rewards, and the better the program and incentive, the more loyal consumers are to the brand. In addition, the mobile app allows businesses to present loyalty programs to their consumers more efficiently and transparently. Through an app, consumers can easily access the points they've collected, how to add them up and where they can use them.

The Power of Analytics

The biggest leverage mobile apps bring to the table is knowing your consumers inside out. Valuable data collected through apps can help companies understand the customer better. For example, they can fine-comb their browsing history to find what consumers need, what problems they need solving, and what their technological preferences are. Later on, businesses can use information from data and create special offers for their consumers which will target their needs and requirements perfectly.

The Different Types of Apps You Can Develop for Your Business

There are three main types of mobile apps businesses can choose from and see which one is more suitable for their brand:

Progressive Web Application

PWA is a software app that will install on your system. It's a sort of web app but looks similar to mobile apps. The main difference between mobile and web apps is that web apps need internet connectivity to run. PWA can work both online and offline, and that's where the similarity to mobile apps comes from.

Examples: BookMyShow, Pinterest...

Native Mobile App

Native Mobile apps need to be downloaded from Google Play Store (Android) and App Store(iOS). These types of applications are developed specifically for a specific type of device. For example, photos can be uploaded directly from a device to the mobile Instagram application, but the same is not possible on the Instagram Web app.

Examples: Instagram, Twitter, Google Maps, Skype, etc.

Hybrid Mobile App

If you want to build a mobile app that combines the features of Native app development and PWA in one platform, hybrid apps are the best route to take. 

Examples: Facebook, Amazon, etc.

Mobile Apps vs. Web Apps - Which is the Better Option?

Whether a business should build a mobile app or a web app depends on its specifications. Companies need to think about the features they believe are most important, the company's goals, and the app's main function. A web app is the best way to go for businesses that need an interactive resource for additional information. Native mobile apps are better suited for those who need access to the device's camera or GPS. So, to create a perfect app, you need to know all about app development platforms and which one you’ll be using to build your app. Choosing the right app development platform may expedite the app development process.

Here are the pros and cons of mobile and web apps to help you determine which one is the better option.

mobile apps vs web apps
Web apps vs. Mobile apps

Mobile Apps

Pros: Mobile apps are faster than web apps and have great functionality because they have access to system resources. They are also safe and secure, needing approval from the app store. In addition, they can work offline and are easier to build by using great app development tools and SDKs.

Cons: They are more expensive to develop because they are platform-specific. That means a version needs to be built for every platform, meaning programmers and developers need to make a new code for each version. This also means maintenance and updates are costly, and some native apps may have difficulties being approved by the app store.

Web Apps

Pros: Unlike mobile apps, you don't have to write the code twice to make web apps. They tend to be built using JavaScript, CSS, and HTML5. There's also no standard software development kit, and developers have access to templates. So the development process is easier and quicker. 

Cons: Web apps are much slower than mobile apps and have fewer features. On top of it, they don't work offline. And because they don't need to be approved by an app store, their quality and security are not that great.

What to Consider When Planning Your Business App?

Several vital aspects in a mobile app planning stage need to be planned out to perfection for the app to reach its full potential. Take a look at the most important things to consider when planning your business app.

Define a concept

Your business app needs to help people, i.e., your consumers, solve a real problem. What are the benefits of your app? Is it going to make their lives easier? To get you started, here are some questions you can use at this stage:

  • What is the app's purpose?
  • What do we want to achieve with the app?
  • How will it engage consumers?
  • What are its core features?
  • Are my client's going to see the app as useful?

Understand your Consumers

Learn as much as you can about your consumers and their needs, goals, and technological preferences. Consider the following:

  • Who are my users?
  • What type of problems are they faced with?
  • How are they solving a problem I am trying to solve with an app?
  • Which platforms do they use?
  • Which devices do they use?

You can also connect with your users by asking questions on forums or working with a focus group.

Do the Market Research

It's always good to check on what your competitors are doing. Take a look at the apps similar to the one you are trying to make and ask yourself:

  • What are these apps like?
  • Do they solve the user problems?
  • How do they engage users?
  • How do they communicate with users?

Establish App Goals

Mobile app development includes planning to prevent feature creep and help with important business or technicals you'll need to make. But regardless of the goals, you set for your business app, the most important thing is to know them early and work towards them from phase 1.

Determine the Value

Your app has to have a unique value for your clients to consider downloading and using the app. Whether it's access to some features or a low-cost service, you can satisfy your consumers' needs and your business with an app.

App Development Process - The challenges of developing an application

Irrespective of the app concept, design, and marketing plan, mobile app development has many other challenges related to the app development itself. So even with the best laid-out plans, developers need to overcome many hurdles to create a high-quality mobile app. This is something businesses need to know and keep in mind for them to set realistic goals and timelines.

  • Standing Out From the Crowd: Creating an app that will stand out is tough these days with so many great apps available on app stores. However, businesses that strive toward creating world-class mobile apps need to develop an app that includes functional features, intuitive design, and graphics to boost the user experience.
  • Responsive: A great business mobile app needs to work like a clock on all platforms. This means that developers need to adopt responsive design throughout the whole app development process.
  • Battery performance and consumption: No matter how great the app is, users will choose not to use it if it costs them valuable battery percentages. Large battery consumption and low performance can cause other issues in the mobile application testing phase.
  • Choosing the right technology: Whether it's a native, hybrid, or cross-platform application, a great mobile app needs to be adaptable and versatile, bespoke to its user with a design that will keep them engaged.
  • Security: To prevent the disintegration of both software and hardware, the mobile app needs to be free from malware issues.
  • Hiring the right developer: Businesses can choose to hire in-house developers, freelancers, or app development agencies. However, the first two come with a few drawbacks. Building an in-house development team can take several months and can be costly while freelancing developers are hard to keep track of, especially if they are working in a different time zone. Also, there’s more focus on the building of the app itself, while the design, something users appreciate the most, may suffer. Many businesses rely on a mobile app development company to handle their projects. App development agencies usually provide end-to-end services, meaning they will be running your project from idea to launch while also managing each task in-between. Businesses can even get advice and help with their digital strategies from an app development company. However, businesses should only work with app development agencies that are willing to sign a service agreement to protect their intellectual property and determine the app's ownership. For that reason, it's essential to know how to hire the right app development company that you can trust.

How Quantox Can Help Your Business with App Services?

With more than 15 years of experience working in mobile app development, Quantox Technology proved its expertise in developing apps never seen before on the market. Our team includes mobile app developers but also sales and marketing specialists with the knowledge of managing the mobile app development process from the initial idea to final market placement. With 13 offices in 7 countries and more than 500 dedicated professionals, we've joined forces to create next-generation digital products. Do you need a business mobile application? Let's Talk!

DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

Blog
App Development Platforms: The Good, the Bad, and the Ugly
June 21, 2022
.
by
Aleksandra Dzinovic
read time
In order to fully leverage the power of mobile apps for business, business owners should first learn more about the app development platforms that will help them build an app bespoke to their business profile and goals.
Read more

In 2022 mobile applications are on the rise, and many business owners are slowly discovering the benefits of having a mobile app. Still, the mobile app development process can be pretty complex and even more complicated for those with no prior app development knowledge.

So, in order to fully leverage the power of mobile apps for business, business owners should first learn more about the app development platforms that will help them build an app bespoke to their business profile and goals.  Mobile app development platforms will allow you to build your application fast, explore all the benefits of having one, and finally make you understand why investing in an app is a smart business move in 2022

But first-What is an app development platform? What are the benefits of app development platforms? Read more and find out all the answers.

What Is An App Development Platform?

When it comes to building a mobile app, there’s no getting around MADPs- mobile application development platforms. These platforms are actually software that allows businesses to build, test, and sometimes even deploy mobile apps. It is a collection of app development tools, services, and technologies that enables business owners to design, develop, test, deploy, and maintain their mobile apps across different platforms, networks, and devices. That’s why MADPs are also referred to as cross-platform mobile app development.

Mobile application development is complex because an app has to be compatible with all devices and mobile platforms to gain success. So, designing one app sometimes includes creating many codebases to ensure that compatibility. However, developers have to maintain only one codebase with a mobile application development platform, making MADPs a great high-tech-low-cost solution for many businesses. 

The Benefits Of Using A Mobile App Platform

According to the newest research, as much as 42% of developers worldwide are using some type of cross-platform or framework to develop applications. The reason is apparent- it makes their job so much easier by having to write just one code instead of a code for each device, platform, or network. 

However, business owners should know that app development platforms have other benefits that directly impact their brand's relationship with its user.

Here are the main benefits of app development platforms for businesses:

  1. Helps Your Brand Stay Consistent

Keeping your business application consistent across all platforms will make your consumers' life more manageable. Instead of being greeted with a new user interface every time they switch devices, they'll be welcomed to an environment they're already familiar with. Mobile app development platforms can help you stay consistent with the UI and UX of your business application.

  1. You can Market Faster

Since there's no need for developers to create a different application for each platform, they can quickly build and publish your business app and market them on app stores simultaneously. In terms of business, this means you can reach all your potential customers and consumers at once, be they Android, iOS, or Windows users.

  1. Easy Implementation

One of the features most application development platforms have is the ability to convert any type of code into a different one. That means that a developer can write the code in HTML and later convert it to other platforms. In terms of business, this lowers the cost of building a mobile application. Instead of hiring a full-stack developer, you only need a developer proficient in one programming language.

  1. MADP Makes Maintenance Easier

The mobile industry is forever evolving and constantly updating, so bugs are inevitable in making the mobile application run perfectly. However, multiple codes mean bugs and fixes become a hassle, and managing a business application for all devices and platforms becomes very difficult.

Mobile application development platforms allow you to fix bugs on just one codebase and make instant improvements for all devices. You also won't have to run as many tests, and the deployment will be quick and easy, making the support part streamlined and hassle-free.

What Is The Best Mobile App Development Platform?

mobile dev platforms
Mobile App Development Platforms

The three types of mobile app development platforms- Native, Hybrid, and Mobile Web- can all be used to build a successful business mobile app that will attract consumers and increase revenue. However, knowing which one to use is a different matter entirely. Depending on the type of business, products, target audience, and budget, business owners should carefully select the platform with the most potential to ensure success.

Native Mobile Apps

Native mobile apps are built for a specific mobile platform, like Android and iOS. The developers building native mobile applications usually use Objective-C or Swift for iOS and Java for Android to build the app's code.

When To Use It: 

  • If you are making an operating system-specific business app, building native apps will utilize the device's hardware like GPS, Bluetooth, or Camera better. 
  • Gaming apps are also better when made native because those apps will have the best performance, thus providing the best user experience.

When Not To Use It:

  • If you're developing a cross-platform app, bear in mind that you'll have trouble finding one developer who knows many different programming languages. Even if you do, expect their rates to be higher than most and considerably affect your budget.
  • Furthermore, native apps require APIs to control the content, so you'll need to have a technician on board skilled at developing APIs. Be warned that developing API is troublesome and costly.
  • You'll probably want to stay away from building native mobile apps if you're on a tight budget but want to build a cross-platform mobile app. Native mobile development and maintenance are both very costly.
  • If you are developing a blog mobile app or news site, you won't get much out of a native mobile app. The native mobile app leverages the device's capabilities like camera features or gesture to increase user experience. If the only thing your mobile app is offering is information and content, there's no need for you to create a native app.

Hybrid Mobile Apps

One part native, one part web- hybrid apps are web content in the form of a local repository. The code is usually written in web languages such as HTML, CSS, and JavaScript.

When To Use It:

  • If you are creating a cross-platform business mobile app, hybrid apps may be your best choice. This is because they can be ported to multiple platforms and save considerable time and money while doing so.
  • When your mobile app development budget is on the low side, it's good to build a hybrid app because it doesn't require resources with specific programming requirements. By using third-party libraries, the native code can be wrapped over the existing layer making development affordable while still getting the benefits of reaching more users.
  • If your app requires it, the hybrid will give you many opportunities for monetization for in-app purchases and advertising.
  • Hybrid mobile apps are easy to build now there are so many great tools with cloud IDE, CLI, debugger, and remote online building tool all in one.

When Not To Use It:

  • If your business app requires you to alter the platform's hardware features, hybrid may not be the best solution for you. Changing the code may result in getting rid of some features to make your app work, and you'll never be sure if those changes will only cause more bugs or not.
  • Do you want a fast mobile app? Well, then, you should reconsider making a hybrid mobile app. Unfortunately, hybrid mobile app rendering may include some additional time lag so the data is not processed as fast as it is in native data, which gives hybrid apps only moderate performance.

Mobile Web Apps

Mobile web apps are not really applications but more like a website with functions similar to a native app. They run through the web browser, but they are designed for a mobile app by single-time coding.

When To Use It:

  • Only one code is needed to make a Mobile Web Application before you deploy it to multiple platforms at the same time. They are an excellent choice for multi-platform usage.
  • Also, if your mobile application offers more content than functions, like, for example, a news app, a mobile web app would be the best pick for you.
  • And because your web apps are not bound by app stores, there are no rules when it comes to mobile web app development. This gives your app the benefit of introducing web app updates quickly, with your users seeing them within the app instantly. 

When Not to Use Them

  • Suppose you are developing a business app that requires high-quality graphics or low latency for something like online gaming, online trading, and VOIP services. In that case, you're not going to get the level of performance you need with a mobile web app. That's because the mobile web depends on the internet speed.
  • The drawback of mobile web apps is that they should be developed across different devices and fit the content to any resolution. In addition, the added coding increases the overall mobile app dev expenses.
  • Finally, mobile web apps can offer only a subscription-based monetization model and have little to no monetary benefits.

As you can see there’s no one perfect application development platform and by using the correct one you’ll be able to build an app that not only caters to the users, but also fits your business goal, model, and budgeting. So, before you dive deeper into mobile app platforms, make sure to determine the target audience of the app and what you want to achieve with your business mobile app. Furthermore, make sure you check out all the top trends in app development like 5G and VR because they may impact which type of mobile app you need to build. 

What Are The Drawbacks Of Using An App Development Platform?

As the title says, while there’s ‘’the Good’’, there’s also ‘’The Bad’’ and ‘’The Ugly’’ of the mobile app development platforms. The drawbacks are something business owners must learn about in order to avoid spending more money than necessary, but also ensure a hassle-free mobile applications dev process. 

There are several drawbacks to using MADPs and creating a cross-platform app:

  • Low Functionality and Performance

Since cross-platforms are not built for just one specific platform, you may not be able to leverage the functionalities of all smartphones to their fullest potential. For example, developers could be having a hard time trying to make use of the different devices' cameras and microphones. 

Also, native apps use at least half less CPU power than any corresponding cross-platform app. The same goes for memory usage- native apps are far less demanding on the hardware. And on top of it all, these types of applications require an additional layer of rendering which often impacts the speed and overall performance of the app.

Moreover, when you build an app with a cross-platform framework, the more complex apps are at a higher risk of issues running on one of the platforms. Cross-platform frameworks also have delayed access to the latest Android and iOS updates. In order to bypass the bugs and errors, you need to have high-quality code at the base of the development and proper testing.

  • Limited Customization Options

Cross-platforms aren't as flexible in UX components as native mobile apps. In other words, cross-platform apps are limited in terms of layout, and this can badly impact the user experience.

  • Inefficient code

The main advantage of MADPs can also become its major flaw- almost every developer can use them to create a mobile application for a business. However, this risks developing inefficient code, which, when translated for other platforms, just doesn't perform well.

For business owners having a mobile business app that doesn't work could mean losing money instead of earning. In addition, having an in-house app development team can cost thousands, and freelancing developers are sometimes hard to reach and manage.

Knowing how to hire the right app development company you can trust can be your saving grace. App development companies can offer much more than having a developer build your app through MADP. With such a company, your mobile app idea can be developed to the fullest because most of these companies offer more than just their developers. Besides building an efficient code, they also provide market analysis, marketing strategies, and target audience research. They can help you determine your mobile app's goals and milestones while coming up with a user-friendly interface, impeccable design, and ensuring your application includes all necessary features. 

Why You Should Hire Quantox to Make Your App Idea A Reality?

To its clients, Quantox provides more than just mobile business applications. We give our clients a choice to take advantage of all the benefits of having an app that will improve their brand's performance. By taking on a cumbersome development process, writing immaculate code, and creating efficient mobile applications, our clients are free to focus on product innovations. In addition, our expert developers always focus on end-user experience and conversion, which allows us to take your idea to a whole new level. Let's Talk about your new business application!

DISCLAIMER: 

All products and company names are trademarks™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. In addition, any product names, logos, brands, and other trademarks or images featured or referred to within the article are the property of their respective trademark holders.

These trademark holders are not affiliated with Quantox Technology, our products, or our websites. They do not sponsor or endorse Quantox Technology or any of our products.

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