Monday, April 27, 2020

Estimating the Costs for Developing Wearable Apps

As the technologies continue to evolve, devices are getting smaller and more powerful. We have seen several transformations in the field of computer technology, starting from personal computers to laptops and smartphones. The advent of wearable devices is an apt example of how tremendously the technologies around us are evolving. As of today, we have access to an increasing number of smartwatches, fitness bands, and hands-free GPS systems. All these devices are equipped with advanced sensors, chips, and microprocessors backed by a powerful operating system. Similar to smartphones, wearable devices support different types of applications that enable users to sync data from their devices.   

Over recent years, there has been a substantial rise in the demand for wearable app development. At Oodles, we receive frequent requests for the development of wearable apps that can support devices like Apple Watch, Android Smartwatch, and Witness Bands. A majority of clients or prospects are more concerned about the development costs and seek faster deployment of their proposed functionalities. 

We hope this blog post answers most of your queries and guides you with the right wearable app development strategy.


The project cost for developing a wearable app depends on many factors. In this blog post, we have curated a list of parameters that majorly impact the development costs of a wearable application. 

Type of Project

Development costs vary in accordance with the supported software platform or hardware devices. A common misconception is that it is easier to build applications for Android Wear devices and they cost less. On the contrary, Apple Watch app development is faster and more cost-effective. 

The simple reason is that the development cost varies for different screen sizes. Since Android powers a large number of wearable devices, developers need to scale the application to support different screen sizes. It increases development costs and time. In the case of Apple Watch, the devices are limited which significantly reduces the development costs and yields faster development.

Development Time

As already discussed, development time is a critical factor that directly impacts the development costs of a wearable app. It is self-explanatory that the longer an app takes to develop, the more expensive the project will be. Moreover, most developers or development companies charge for their services on an hourly basis. Therefore, developing an Android Wear app will be relatively expensive. However, you can significantly reduce the development costs by limiting the functionalities of your application.  

Number of Resources Required

If you want to accelerate your wearable app development project, the most preferred way is to increase your available resources. It seems more legit than limiting the app functionalities but is equally expensive. The better approach under these circumstances is to avail the services of a wearable app development company instead of hiring individual developers.  

Development Partner

Choosing the right development partner is essential to develop a user-friendly wearable app that will engage the target audience. It is also a significant capital-factor that directly impacts the overall cost of the development project. 

If you want to implement simple functionalities that require fewer man-hours, the ideal approach is to hire freelancers or individual developers. However, large-scale development projects require more resources and it is recommended to partner with a wearable app development company.  

You may also want to learn Risk mitigation techniques using IoT devices.

Cost Variations In Development Phases 

Development costs for wearable apps also vary in different phases of development. Let’s explore how the following phase of development impact project costs.

App Design 

App design is a pre-development phase that starts with creating wireframes, mockups, and prototypes which usually takes up to two weeks. Once the app layout is finalized, the design team works on creating user interfaces for different app screens. The time consumed in-app design depends on the number of screens in an application. However, the design cost is relatively less than the development cost because it doesn’t comprise of the actual app functionalities.  

Infrastructure Planning and Development

Once the app design is finalized, the development team formulates the project roadmap and initiates the development process. Development costs may be uniform throughout the entire period but may vary in accordance with the required functionalities. Most companies have a fixed hourly cost for their services while they may consider changing it based on the project requirements.

Quality Assurance and Testing

Quality assurance is equally important and is essential to ensure the smooth performance of a wearable application. During this phase of development, you avail services of QA engineers who holistically test your app on several quality parameters. These tests are essential to identify and resolve bugs, software glitches, and potential points of failure in a wearable app. 

Support and Maintenance

Newly developed wearable apps are prone to unplanned downtime, glitches, or software failure. Support and maintenance services provide technical assistance to maintain high app performance and prevent downtime or failure during peak load instances. The support services may go on for several weeks and they usually incur uniform charges.

Why Choose Oodles Technologies For Wearable App Development?

We are a wearable app development company that builds interactive and user-friendly apps for smartwatches and other types of wearable devices. Our development team is skilled at creating dynamic user interfaces for varying device screens to deliver engaging user experiences. Our smartwatch app development services enhance user experiences by enabling users to effortlessly perform routine tasks with increased interactivity.

Tuesday, April 21, 2020

Benefitting from AI, Blockchain, and IoT Technologies



The impact of AI, Blockchain, and IoT technologies is realized by every major section of the society. The little we have discussed the amalgamation of these three technologies and how it can impact the business industry. 

According to Gartner’s predictions, the total spending on IoT Endpoint Security solutions will rise from $240M in 2016 to $631M in 2021, accomplishing a CAGR of 21.38%. 

According to Tractica, a Market Research Firm - the global AI software market is expected to experience a revenue increase from 9.5 billion U.S. dollars in 2018 to 118.6 billion by 2025.

As per Stratista’s predictions, global blockchain technology revenues are expected to rise by 23.3 billion U.S dollars by 2023. 

The above predictions state that businesses can invest in these technologies to experience rapid technological advancement. The amalgamation of AI, blockchain, and IoT technologies can influence the revenue of businesses. Let’s discuss how! 

Oodles Technologies is a well-established software development company. We use AI, blockchain, IoT technologies to design apps for clients across the globe.  
 

Blockchain

Blockchain has influenced every major industry including healthcare, supply chain, and retail by adding a layer of security and transparency into their processes. It is one of the most adopted technologies by entrepreneurs today. Some of the core advantages blockchain provide to an organization are: 

  1. Transparency
  2. Stability

  3. Data Privacy and Security
  4. Decentralized database
  5. Distributed ledger

Apart from the benefits, there are certain threats/ challenges businesses have to face with blockchain as a technology. Let’s understand what are these treats. 
 

Challenges with Existing Blockchain Model:
  1. Interoperability 
  2. Performance
  3. Interoperability
  4. Cost and Complexity
  5. Legal Implications and Regulations

The limitations of current blockchain technologies cannot be ignored easily. To prevent these challenges convergence model of blockchain, IoT, and AI is needed. The mixing capabilities of these radiating technologies can improve the condition of blockchain within an organization. 

How AI creates Value for Blockchain
AI addresses various challenges faced by blockchain technologies. Let’s know-how:

Energy Consumption: Data mining needs immense computing energy. AI  keeps a check on energy consumption to minimize wastage.  
Scalability: AI utilizes blockchain’s stability, paving the way for decentralized learning. 
Optimizing security: Blockchain in itself is a highly secure platform however its integration with machine learning and deep learning technologies adds another layer of security within the transactions. 
Efficiency: AI optimally utilizes resources to minimize wastage and reduce the cost associated with blockchain.
Fixes Talent Requirements: The demand for blockchain implementation has increased in recent years. The blockchain professionals are very few in comparison to their demand.  AI-powered virtual agents can replace the task of these experts by playing an instrumental role in tasks such as creating new ledgers on its own. 
Provides Data Screening: Massive data put into the use of blockchain makes privacy and personal data vulnerable.  AI-powered data gates and data screening can enable monitor access to personal data. 

We are a blockchain app development company providing secure blockchain solutions for enhanced security and privacy of your digital transactions. 

 

Artificial Intelligence (AI)


Artificial Intelligence(AI) is a computer science area. It focuses on the creation of intelligent machines that act and work like humans. 

Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans. Activities computers along artificial intelligence are designed for include: 
  • Learning 
  • Planning
  • Expert Systems
  • Self-correction
  • Reasoning
  • Speech recognition
  • Problem-solving

Artificial Intelligence makes machines capable of mimicking human intelligence and performing tasks on their own. Providing cognitive abilities to computers enables them to automate human tasks and bring a paradigm shift in the business world.  
 

Key Features of Artificial Intelligence are:
  1. Better Data Management
  2. Personalization
  3. Future Prediction
  4. Error Deduction
  5. Real-Time Assistance
  6. Data Mining

Challenges faced by AI: 
  1. Limited Computing Power
  2. Limited People Power
  3. Building Trust
  4. Differences in Mind-Sets

The above AI challenges propose serious threats to business models. The convergence of Blockchain with AI improves security, scalability, and flexibility to robotic operations. They add efficiency to autonomous cars or facilitate in bitcoin mining. 

We are an AI App development company that develops interactive chatbots for your business app or website. We integrate blockchain solutions with AI to improve the scalability and security of AI operations. 

 

How Blockchain Supports AI


A blockchain decentralized ledger system adds value to AI implementations. It augments the AI system in the following ways let’s know-how: 
Defines AI decisions: AI solutions sometimes fail to explain the reason behind a decision or taking a course of action whereas the blockchain database holds the data to explain the build-up of the rationale.
Increases AI Efficiency: Blockchain solutions secure the shared data streaming, shapes efficient data models,data-driven insights and data-centric actions. 
Data Marketplace for All: Blockchain’s decentralized database system holds diverse data from various sources in a secure, easily accessible, and transparent manner. It provides bulk data that can be accessed by small and large enterprises easily. Democratizing the large volume of data of an AI-powered database provides more strength to individuals and organizations. 
Reduced Catastrophic Risks: Organizations rely on blockchain technologies to securely access the mission-critical data. AI with blockchain secures mission-critical data and provide alerts about the upcoming disaster.

 
IoT

Internet of Things (IoT) is the interconnection of physical devices using the internet. Some of the common IoT devices organizations use today are RFIDs, sensor technologies, wireless technologies, and QR codes.

 
Key features of IoT Technologies: 
  1. Automation and Control(Home and Offices)
  2. Asset Tracking 
  3. Cost-Effectiveness
  4. Time-Saving

Some of the challenges IoT is facing includes: 
  • Security
  • Privacy
  • Insufficient IoT knowledge
  • Cloud Attacks

To overcome IoT challenges amalgamation of the Blockchain, IoT, and AI is needed to resolve the prohibiting issues.


The convergence of Blockchain, IoT and AI:

AI, Blockchain, and IoT
According to the co-founders of Singularity University Ray Kurzweil and Dr. Peter Diamandis, there will be complete digital integration between humans and computers by 2030. 
Also, By 2023
  • IoT will showcase 83% of the AI chipsets market.
  • The Global General AI market will be $50.8 billion USD.
  • AI-driven IoT solutions market can reach $5.8 billion
  • Up to 50% of enterprise organizations will use AI for networking 

We are an IoT app development company that provides various office and home automation solutions to clients across the globe. 

Artificial Intelligence, when combined with  IoT, provides a gradient system which is powerful and interesting. AI can analyze the data captured on the IoT devices to identify decisive patterns that were difficult for humans to discover and alter. 

AI, when combined with IoT and Blockchain, provides a new view of the future. IoT systems will gather data that will be analyzed by AI. AI Analyzed data is further recorded and time-stamped on the blockchain platform as a persistent record of choices made and communicated on our behalf.

Are you planning to use the three disruptive technologies to bring changes to your organization? Click to get in touch with our experts today!