What Makes Portfolio Management Essential Part of Application Development & Management?

Business application, whether at the enterprise level or the customer-centric app, plays a vital role in shaping up the growth factor.

It is of imperative concern to focus on the advanced features, interactive user interface, and intuitive usage of the app to stay competitive in the marketplace. For such reasons specifically, application development and management services are given utmost importance to take a strategic approach to build and manage

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Top Benefits and Practical Issues in AI and Machine Learning

Machine learning or ML refers to one of the most successful Artificial Intelligence solutions that provide systems with automated learning without any constant programming or coding. Over the years, machine learning has acquired a lot of features due to its capabilities applied across ventures to resolve complex challenges with ease. From digital assistants that play on-demand music to the products, you are suggested on the basis of prior search history.

Machine learning is gaining popularity as companies require software that can grasp data and provide data accuracy. The core objective of machine learning is to perform optimal functions hassle-freely.

Why Choose Machine Learning?

Machine learning is defined as a segment derived from Artificial Intelligence solutions that enhance the quality of applications by implementing the previously assimilated data. It programs systems to adopt and fetch data without the need to apply any codes for every new similar activity the user performs.

The Machine Learning domain is continuously evolving with high demand in the market. All thanks to its ability to deliver real-time results without any human intervention. It also helps analyze and assess large amounts of data with ease by creating data-driven models. Today, Machine Learning is one of the most efficient ways for firms to build strategic business models.

Benefits of Machine Learning

If you are wondering whether or not to invest in Machine Learning for IoT application development, here are the benefits of implementing Machine Learning to your business models:

• Zero human intervention

• Analyze a large amount of data

• Highly efficient than traditional data analytical methods

• Identifies trends and patterns with ease

• Reliable and efficient

• Less workforce required

• Manages a wide array of data

• Accommodates most forms of applications

Common Practical Issues in Machine Learning

Machine Learning is creating a huge impact on data-driven business decisions worldwide. It has also helped enterprises with the correct intel to make informed, data-driven decisions that are faster than traditional methodologies. However, there are many practical issues in Machine Learning that one cannot overlook despite its high efficiency and productivity. Some of these issues include:

Lack of Quality Data

One cannot expect refined data in Machine Learning. While upgrading, algorithms tend to exhaust the developer’s time. As a result, the data quality is either incomplete, unclean, or noisy. One of the reasons for this can be:

• Inaccurate Predictions - which often results in less accuracy in classification and low-quality results.

• Incorrect or incomplete information can lead to faulty programming via Machine Learning. With inadequate information, fetching accurate results is an overwhelming task to accomplish

• The generalizing of input and output of historic data is crucial. However, the most common challenge that occurs is the output becomes difficult to generalize.

Implementation

Enterprises examine the engines regularly before they decide to switch to ML. Using the fresher ML strategies in the existing environment becomes a complicated errand. Keeping up with the legitimate documentation and interpretation becomes crucial to facilitate the maximum usage of ML. However, some issues that may come to implementation include:

• Slow deployment: The models of Machine Learning are time efficient. However, the creating process of these models says otherwise.

• Data security: Saving confidential data on ML servers is a risky process since the model won’t differentiate between sensitive and critical data

• Lack of data is another challenge faced during the implementation of the ML model. With no accurate data, it is impossible to fetch valuable output.

Obsolete Algorithms with Data Growth

ML algorithms require consistent data while getting trained. These ML algorithms are trained over a specific data index and used to forecast future data. However, the challenge occurs when the previous “accurate” model over the data set may not get considered in the present if the arrangement of data changes.

Summary

Lastly, there may be many issues and challenges in Machine Learning. However, it is one of the most evolving industries with advanced technological developments. Many giant-tech companies seek help from Machine Learning Development Company to assist their large-grouped data analytics. From medical diagnosis and developments to predictions and classifications, ML plays a crucial role in every field.

Are you interested in ML projects? We can help you. Let’s connect today.

Why Software Tester Prefer Selenium for Automation Testing?

 As more and more businesses investing in online platform, the functionality of web applications control business success. Hence it’s a must to carry out automation testing on applications before releasing them to the market. Selenium is the best automation suites that can be used for this purpose. Furthermore, it is an open source and works across diverse set of browsers. In this blog, the components in the Selenium tool are discussed making it one of the best automation testing tools for software testing services for business enterprises. 

 

 

Read More At - Why Software Tester Prefer Selenium for Automation Testing?

Manage Services Vs Staff Augmentation: Which is better?

 

There is a lot important to assess changing staff augmentation commitment over to Managed Services. By and large, characterised as an outsider running a help for an organisation with concurred quantifiable results, Managed Services vows to deliver more prominent expense reserve funds and efficiencies by permitting the provider more responsibility for the process. Usage of Staff Augmentation Service conveys benefits also including an adaptable labour force and admittance to the ability for short commitment.

Read More:- Manage Services Vs Staff Augmentation: Which is better?

The 5 Fundamental Rules of Mobile Application Development for Business World

If you are planning to invest in mobile app development services, this blog focuses on key factors to consider before thriving for a mobile application for your business. In this ever-changing world, mobile app development is booming like never before. With the invention and innovation of new devices and OS, it is absolutely imperative for businesses to create mobile apps displaying products and adm services.

Although creating a business app is an easy job these days, if your goal is to create an app as a tool for business growth, then we would suggest you need professional help. A professional application development company in India will put their effort, time, and suggest the right resources to build your marketing campaigns. 

Creating a mobile app is not only technological innovation, but you will need the business knowledge and skills to develop a user-friendly application for your business. So, in this blog, we shall highlight the top skills every business owner, app developer, and application development company should keep in mind before developing a mobile app. 

Key Points to remember while developing a mobile app

Research: 

If you have a brilliant mobile app development idea for your business, you must first understand the customer’s requirements, demands, and the market.  Market research plays a crucial role in offering insights and analyzing the competitor’s strategies. The in-depth market research also allows you to optimize your app and helps in learning from others' mistakes rather than your own mistakes. 

Take note of the customer’s likes, dislikes, demands, and preferences to resolve the mobile app features. Research allows you to plan in advance and avoid mistakes beforehand.

Set Target Audience

Identifying your audience is crucial before heading towards developing the mobile app. Ask yourself a few questions like:

·       Who will use my app?

·       What will be their expectations?

·       How can this app add value to their lives?

·       How can this app give a unique experience to the world?

·       Once you get the answers to these questions, you are set to develop your mobile app.

Choose a Platform

Now is the time to choose a platform on which you can deploy the business app. Some of the most popular mobile app platforms are iOS, Android, and Windows. To decide the best-suited platform for your mobile application, you need to remember some key factors like app branding, target audience, app features, and most importantly, pricing strategy. After this, proceed to choose your development methodology – Native, Mobile web, and Hybrid are some of the applications that offer great advantages but can be expensive too.

Create an Action Plan

To start with building a business mobile application, make sure you get an in-depth understanding of the entire process. Creating a robust business app requires dedicated time and effort, as it undergoes numerous steps and procedures. From application development management and app design to architecture, app testing, and deployment, each step is crucial for mobile app development. Therefore, an action plan is a must for monitoring and controlling the process. We suggest developers first release a beta version of the app and perform the testing and review before releasing the final version to the world. 

Set a Budget

To develop a business app, you need to make some investment along with knowledge and strategy. Setting a budget and spending mindfully on each stage of the app development also decide your app success rate. There are various aspects you need to invest in such as app development, maintenance, updating, marketing, and more. Simply put, your app budget depends on your business niche, the type of app you want to create, the type of content, and the features you wish to add to it. 

Summary

Creating a mobile app can become a roller coaster ride without any expert guidance. We recommend you hire a professional developer who is also a subject matter expert and well-versed with the tools, technology, and app-related methodologies. 

Today, more than two billion people own a smartphone and 80% of this population use their mobile devices to make payments, bookings, and shopping. Now you know your opportunity and success scope in the mobile app development industry. 

Get in touch with our country’s leading experts and professionals and let’s collaborate to improvise the way you work. Call us today!

The Concept of Containerization for Cloud-Native Apps: Definition and Benefits

Global IT organizations are now adopting containers to develop and deploy their workflows. Containers provide businesses with a way to automate their deployment of modern applications to scale up the business. As a result, the IT sector has been under extreme pressure to increase agility and fasten their delivery of new functionality to their business line.

The deployment of new or enhanced application code at the frequency and immediacy demanded digital transformation to evolve at a rapid pace. However, it’s not that simple as it sounds.

Containerization has become a popular term in a cloud computing environment. In this blog, our enterprise app development company has explained why and how it helps modernize the legacy systems of organizations and create new, scalable cloud-native apps.

Overview

Organizations, large or small use cloud (public/private) with their compute layer represented by instances running virtual machines with scalability and load-balancing capabilities. However, this virtualization drives a lot of challenges such as:

• Environment inconsistency – Deployment of applications/packages to virtual machine system.
• OS dependency – Deployed apps can run only on compatible OS.
• Isolation level – Inability to provide instant Sandbox above OS level.
• Compute consumption granularity – Inability to deploy multiple replicated apps and load balance on application layer within the single machine (not OS layer).
• Patching of images (production-grade environments) – blue, green. and canary deployments are not flexible on a cluster level with complex governing across multiple regions.

Now, to resolve these virtualization challenges, containerization was introduced to the cloud-native environment.

What is Containerization in Cloud Computing?

In simple words, Containerization refers to the evolution of virtualization. It is more granular and flexible while focusing on breaking down the operating system into small parts to make it perform efficiently. Additionally, containerization provides a way of packing applications in a portable, software-defined space.

The concept of application containerization is helping mobile app development companies modernize their legacy applications while creating new, scalable cloud-native applications. This concept has been significant and accelerating too. The use of containerization has made most enterprises ready to develop cloud-native applications. And many are in the process of decomposing their existing monoliths to gain benefits from this architecture. But what are the benefits of implementing containerization?

Benefits of Containerization  

Here is a list of benefits that accelerated the concept of containerization in a cloud-native environment.

• Low cost on infrastructure operations – There are usually many containers running on a single VM which gets resolved with containerization.
• Solution scalability on the microservice/function level – Enterprises can no longer scale instances/VMs.
• Enhanced security – The entire application isolation makes it possible to set each application’s major process in separate containers to improve its security.
• Quick replication of microservices using replicas and deployment sets.
• Flexible routing of services that are natively supported by various containerization platforms.
• Deployment is possible everywhere, including hybrid environments.
• Extended portability between clouds and on-premises locations.
• OS independent. Containerization don’t need any OS to function; just the container engine to deploy on a host OS.
• Quick deployment with hydration of new containers and faster termination of old containers within the same environment.
• Lightweight – Without an OS, containers are lightweight and less demanding on server resource usage.
• Faster ready to compute. The Containers can start and stop within seconds in comparison to VMs.
• 
  
• Summary

The concept of containerization drives a lot of benefits to large and small businesses. However, migrating your applications demands a lot of manual work and training for the entire team. Hire mobile app developers who can extend their support on this journey.

This blog gives you a few insights into varied reasons why organizations are shifting to contained-based stacks. To learn more about the major driving factors of this new transformation in serverless architecture and microservices, get in touch with our cloud experts today.

Staff Augmentation Service - The Need of the Hour in the Post-COVID World

 

Has your business growth been limited due to the ongoing global pandemic? Are you struggling to accelerate your business growth and complete limited-time projects for your clients? It’s time you should think of hiring staff augmentation services. Here’s an article that highlights the importance of staff augmentation services to survive the post-pandemic world. If you want to outsource your business tasks and functions, you can approach one of the most reliable staff augmentation companies for the best solutions.

Read More:- Staff Augmentation Service - TheNeed of the Hour in the Post-COVID World

Magento Ecommerce Website Development Tips Given by Experts

Magento is one of the most popular ecommerce platforms that cater to online retailers of various sizes and with different business models. Whether you’re in the B2B, B2C, or B2B2C business sector, Magento ecommerce solutions can help you learn about your customers and offer them the best-fit products or services. Magento ecommerce website development services also help you boost your marketing including SEO that will help you drive organic traffic flow to your site and increase sales. As Magento is a constantly evolving ecommerce platform, you can leverage the benefits of Magento 2 development and earn higher ROIs. Here are some effective tips for successful Magento ecommerce website development that you can follow:

Useful Tips for Magento Ecommerce Website Development

Magento Inventory Management System

Magento Inventory Management System enables you to effectively manage your inventory without having development or technical experience. This will help you makes changes and sync data in real-time.

It provides a system for automating product pricing, stock recommendations, and competitor monitoring. When your customers visit your online store, they will get personalized recommendations and discounts. Moreover, you can manage and configure all facets of product pricing, analyze the prices, and advertising campaigns.

Comprehensive Sales Reports

Magento provides a wide range of comprehensive reports on sales, your customers, goods, shopping cart studies, and reviews. With all this data, you can improve your sales by offering unrivaled services.

Product Monitoring and Purchasing Activities

Magento Commerce Staging and Preview allows you to easily plan marketing campaigns to boost sales. You will gain valuable data on the overall performance of your advertising and marketing initiatives.

Analyze User Behavior and Site Usability

You can track the behavior of your site visitors to identify areas to improve the site’s usability. Also, to enhance your ability to track and analyze customer behavior, you can hire Magento 2 developers who can add extra features to meet your business requirements.

Product Details and Analysis of the Competitiveness of Products

When you upload a product to the website, you gain full access to the product card settings, including product descriptions, SKU numbers, etc. along with many important user data and unseen fields for search engines.

Seamless Integration with the Order Management System

Magento eCommerce platform can be seamlessly integrated with an order management system without compromising on the functionality and flexibility of the store. You can hire Magento developers to ensure that everything is integrated perfectly and working optimally.

You Can Always Rely on a Professional Magento 2 Development Company

Magento is a dynamic and powerful eCommerce platform enriched with out-of-the-box eCommerce features and capabilities that enhance the user experience and give a complete picture of your site performance and marketing initiatives. You can always hire a professional Magento 2 development company that can help you achieve your eCommerce business goals and boost your ROI significantly.

Magento eCommerce website development encompasses all stages including:

• Discovery and research
• Prototyping
• Design
• Development
• Deployment
• Testing and QA
• Support and maintenance

Hiring an experienced Magento 2 development company is the best decision for designing, improving, and maintaining your Magento 2 store.

Enhance Software Operations with Top Skills For IT Staff Augmentation

 The current is the age of continuous improvement and evolution.

Businesses need to comply with high-tech requirements to stay ahead of the competition.

To offer an upscale level of products/services, you require technical innovation and turning ideas into sophisticated reality.

At this juncture, getting IT Staff Augmentation services is the preferred way to excel as a business. Most importantly recruit concrete professionals to help you in the current line of projects to meet success ahead.

Read More :- Enhance Software Operations with Top Skills For IT Staff Augmentation

Why Opting for PHP Website Development Services is Best in 2022?

After the massive hit of the global COVID-19 pandemic, having an online presence has become a necessity for businesses to reach out to their prospects and generate business revenue. Today, businesses are looking to build websites that can help them meet their business requirements and goals. However, for the smooth functioning of your website, you need to ensure that your website has a robust backend system. You must select a reliable programming language for website development. This article focuses on why opting for PHP website development services is the best decision in 2022.

Top Reasons to Choose PHP Website Development Services

Developed in 1994 by Rasmus Lerdorf, PHP is a free, open-source, and server-side scripting language. Over time, PHP has emerged as one of the world’s most preferred programming languages. Nearly 70% of websites on the internet are powered by PHP and the number is constantly increasing due to its growing popularity and ease of use.

1. How Can PHP Code Help?

Many enterprises prefer to invest in a PHP development agency because the programming language helps in adding dynamic content and enhancing user experience. Here are some of the reasons to choose PHP website development services.

• PHP language can help to interact with files on the server (Create, Open, Read, Write, and Close).

• The language can be used to send and receive cookies.

• You can create dynamic content.

• You can use PHP to create members-only sections on your website and manage user authentication.

• Create PDF and Excel documents.

2. Fast Page Load Time

Websites built using PHP take less time to load as PHP code runs much faster because it consumes its own memory space. Therefore, PHP website development is considered the best option for web developers when it comes to speed.

3. Easy Integration with Different Databases

PHP is a great choice when it comes to database flexibility. It focuses on the development of a feature-rich website with seamless integration with different databases. PHP can easily exchange various kinds of information from databases. MySQL is one of the most popular databases used by a PHP developer when it comes to integration.

4. Cost-effective Solutions

Building websites using PHP proves to be cost-effective or cost-efficient because most of the tools used for PHP website development are open-source. So, you need not pay for them.

Additionally, PHP needs only a Linux server to run which is offered by many hosting providers free of cost. In the case of database connectivity, MySQL is available to use with the PHP website development. This reduces the overall development cost.

Moreover, the PHP language is easy to understand due to its simple features and familiar technicalities. So, if you’re looking to hire dedicated PHP developers, you can easily find them in the market.

5. Why PHP is Ideal for Web Development?

PHP web development is the creation of feature-rich and innovative websites using PHP programming language. Below, you’ll find some more reasons why you should hire a PHP development agency for web development.

6. Easy to Learn

PHP is quite easy to learn. It is such a scripting language that every web developer knows. In fact, many developers agree that PHP is the simplest programming language to learn and launch a good career. PHP is quite similar to Java and C. Its syntax and way of using are simpler and easier to learn. Moreover, you can add or combine HTML and CSS with PHP easily.

7. Enhanced Flexibility and Security

PHP ensures security like any other standard scripting language like Java, JavaScript, Rails, etc. you can write secure code in PHP language perfectly. PHP is the second secured language used for web development because PHP manages every security need easily and makes your website safe from cybercriminals. And most importantly, the PHP server is very secured by default.

8. Seamless Integration

Another reason why businesses prefer to invest in a custom PHP development company is the language is seamless, high-end integration. PHP web development on any stringent patterns, or with a particular web app or platform. PHP web developers love when the server-side scripting language integrates seamlessly with multiple web apps.

Due to the diverse use and integration of PHP with various web applications, the PHP programming language has emerged as the most widely used scripting language for web development across the globe. Therefore, this powerful programming language powers 30% of the entire web.

PHP is being utilized in almost every industry in one form or the other. A custom PHP development company can use PHP for web development for various industries like Health, Government, Banking, IT, Architecture, Hospitality, Large Enterprises, and more.

9. PHP Supports User-Friendly Environment

Like most programming languages, PHP supports a user-friendly environment. Consider any server-side or PHP version, you will find that it is free to use in all aspects. Moreover, you will receive the support of a large community of developers working with PHP. They are not only using PHP (Hypertext Preprocessor) every day but also introducing new positive improvements and enhancements.

The PHP community is very vast and you can acquire knowledge from several developers working with PHP. Therefore, PHP is used for eCommerce websites and application development.

10. Open Source and Budget-Friendly

PHP is known for its open-source scripting nature. It is free to use under PHP General Public License and has a vast community of developers for support and solutions. Its open-source nature helps you to use any text editor for coding including Emacs, Notebook++, jEdit, and more. You can even join public platforms such as Quora, Stack Overflow for quick solutions.

Wrapping Up

So, these are some of the major reasons why you should invest in a custom PHP development company. Ultimately, it is all about making your website stand out from the crowd. So, make sure to choose the best language for your web development.

However, when you hire dedicated PHP developers for your website development, you can be sure that you will get a robust solution for your business.

Different Tiers of Digital Transformation to Consider for Your Business

Digital technologies are playing a significant role in the modern economy and digital business transformation. However, digital transformation without a proper implementation strategy can bring hurdles in the business’s success journey. Inadequate evaluation of the offerings of digital technologies makes organizations assume that any application of cutting-edge digital technologies will lead to successful digital business transformation. As a result, many enterprises make impromptu business decisions about the utilization of digital technologies and it becomes difficult for them to maintain competitive parity, despite making substantial business investments. It is recommended to hire experts for professional digital transformation services to ensure a successful digital transformation journey.

To help you understand the full value that digital technologies can offer, here are four examples, each of which focuses on the strategic benefits available at different tiers of digital transformation.

First Tier - Operational Efficiencies

Ford implements a new automated visual assessment of paint jobs in its plants through AR and VR, the Internet of Things (IoT), and Artificial Intelligence services. Leveraging these advanced technologies, the company enhances blemish detection and minimizes defects in its cars. Here, data is generated by the latest technologies from factory assets, and AI utilizes this data to identify and prevent manufacturing defects simultaneously.

Second Tier - Forward-looking Operational Efficiencies

Installation of sensors on construction equipment products has helped Caterpillar to track how each of them is used at a construction site. It notices that customers utilize their motor graders to level lighter gravel instead of heavier dirt. Leveraging this insight, the company launched a cost-efficient motor grader specifically designed to level gravel rather than dirt.

Just like Ford, Caterpillar also benefits from operational efficiency profits by enhancing product development productivity. However, the only difference is that the company’s sensor data is generated from customers using their products and not from manufacturing plant assets.

The customer aspect brings additional challenges. So, the efficiency advantages in the second tier of digital transformation also go beyond asset utilization.

Third Tier - Data-based Services from Value Chains

General Electric (GE) tracks product-sensor data from their jet engines, evaluates it using Artificial Intelligence, and provides real-time guidance for pilots to fly in a manner that optimizes fuel efficiencies. GE then appropriates a portion of the cost savings of their customers through new incomes from result-driven revenues. In other words, their customers pay a portion of their savings from fuel efficiencies along with the payment for the product.

In this case, the initiatives involve making changes in the existing business model from one that is designed to produce and sell products to one the offers data-driven services to online customers.

GE’s research and development, sales, product development, and after-sale service units, all are digitally connected to generate, receive, analyze, distribute, and respond to the sensor and IoT data from thousands of disconnected products in real-time. As this generates new revenue streams, it does more than improving operational efficiency.

Four Tier - Data-based Services from Digital Platforms

Peloton utilizes product-sensor data generated from its exercise equipment to build a community of users and to match users with appropriate trainers. Peloton’s products produce user-interaction information and then the company uses it to accelerate exchanges between its online customers and other third-party entities involved in its value chains. AI technology matches individual users to ideal trainers based on the product-user interaction data analysis.

Like GE, Peloton is not only earning new revenues from its data-based services but also by expanding its products into digital platforms. The third tier of digital transformation is one of the most challenging tiers for industrial-age legacy organizations and companies operating with value-chain-based business models and a bit of experience with digital platforms.

To bring more operational efficiency and enterprise mobility, enterprises should invest in custom enterprise app development services offered by experts.

Key Digital Value Drivers

To understand better about the aforementioned tiers of digital transformation, you need to first identify that modern digital technologies have two key digital value drivers:

1. Data in its new extensive role, and

2. Evolving digital ecosystems.

Data changed from episodic (produced from discrete events, for example, the shipment of a component from a supplier) to interactive (produced from sensors and the IoT in real-time). Continuous tracking of assets and their operational metrics can improve business productivity.

Most importantly, this interactivity swapped the roles of products and data. Traditionally, data has supported products, but, now products are supporting data. Products are not limited to delivering functionality, building a brand, or generating business revenue anymore; they now also act as channels for interactive data and sources for new consumer experiences.

To make the most of interactive data’s new expansive role, organizations require a network of data generators and recipients. Such networks can originate from the sensor and IoT-powered connectivity that amount to digital ecosystems.

There are mainly two types of digital ecosystems that have emerged. One is the production ecosystem, which covers digital connections within value chains. For example, by connecting sensor and IoT data generated from cars to spare-part suppliers, service dealers, and warehouses, etc., car companies can deliver predictive car maintenance services.

The other one is the consumption ecosystem, which encompasses the external value chains of a company. For instance, smart light bulbs are installed on street lamps to sense bullet shots; their consumption ecosystems involve a network of camera feeds, ambulances, 911 operators, and everything which ensures street safety.

Productions, as well as consumption ecosystems, are driven by interactive data which drives new value. Considering the 4 tiers of digital transformation, the first three tiers depend on production ecosystems while the fourth one relies on consumption ecosystems.

Which Tier is Suitable for Your Company?

Before investing in digital transformation services, it is important to create an effective digital transformation strategy. To define an optimal digital transformation strategy, you need to evaluate your requirements to engage at each of the four tiers of digital transformation and then think of making investments that will help you unlock the advantages of interactive data and digital ecosystems.

First Tier

This tier is a must as almost all companies can leverage the benefits of operational efficiencies. The majority of digital business transformation initiatives are made in the first tier. For example, firms such as oil and gas run oil wells, refineries, and pipelines that need substantial investments; improvement of operational efficiency is a must.

If these organizations adopt use IoT devices and AI to locate reserves and to maintain pipelines and refinery assets, they can save about 60% of their operational costs. Major challenges encountered in this tier involve the installation of extensive interactive data generation in asset utilization and breaking data distribution silos.

Second Tier

The second tier is essential for companies selling products that can access interactive data from users, which can be leveraged for the strategic benefit that exceeds what’s available in the first tier. The second tier is the end if existing product-user interactive data is not open for revenue-generating services. Most of the consumer goods come under this category. The main use of interactive data in these businesses is to enhance efficiency in advertising or product development.

Third Tier

This tier is for firms who want to generate data-driven services from products and value chains. Such companies must augment their production ecosystems to extend their strategic advantage from business operational efficiencies to new data-driven services.

In the third tier, companies start using data not only for operational efficiencies but also for revenue generation. The third tier is the final stop if your company does not have access to a consumption ecosystem.

Fourth Tier

The fourth tier is strategically essential for any company whose products have evolving consumption ecosystems. Companies that remain within their production ecosystems in such scenarios are at the risk of being commoditized. Their main challenge is extending products into digital platforms.

Final Thought

It’s obvious that not every company will want or afford to engage in all of the four tiers of digital transformation mentioned above. Some may choose to focus on one or two. However, every company must constantly strive to tap into new opportunities.

Investing in digital transformation services that utilize a comprehensive strategy, considering the above-mentioned tiers, will help you provide value to business value to your customers.