Bloomberg: Crypto Companies Still Run Into Trouble Opening Bank Accoun...
2 mins read
Blockchain technology has received a lot of attention over the last few years and despite the highs and lows in 2018 cryptocurrencies have actively made headlines in recent months due to the rise in popularity. Cryptocurrencies are leaving a direct or indirect impact on people, organizations, and countries all over the world. When Bitcoin was introduced in 2009, only the people who were associated with it were able to participate in this network. Not many people were aware of the existence of blockchain technology until it received media attention and information about this groundbreaking technology began to emerge. Media coverage is one of the major reasons behind the popularity of cryptocurrencies.
As cryptocurrencies have come to unchangingly dominate the news agenda and have become a topic of interest and curiosity to a much wider consumer audience, banks have had to decide where they stand. But all cryptocurrency companies are still facing problems as reported by the major financial publication Bloomberg on March 3, they still have trouble opening bank accounts. The report is based on the complaint of CEO of quantitative crypto trading company Alameda research, Sam Bankman-Fried, that “the standard answer of ‘just go to your local chase branch’ doesn’t work in crypto.” He added though it is not illegal for banks to serve crypto businesses, it’s a massive headache that they don’t want to put resources in to solve.
The report has also pointed out that, while the larger banks avoid serving companies involved in crypto, smaller ones are trying to get hold of this underserved subset of the market. The example mentioned in the report is Silvergate Bank in San Diego, which reportedly said in November 2018 filing for an initial public offering that crypto businesses have as much as $40 billion to deposit.
NKB Group, a blockchain investment, trading and advisory firm is another example given by Bloomberg of a company that has hustled to establish banking relationships. According to a report, companies in Malta purportedly also struggled with opening bank accounts. However, Swiss Bank has recently made an announcement that it will be providing access to digital asset services to its clients, following a partnership with crypto bank start-up Seba Crypto.
Artificial Intelligence: Revolutionizing the Businesses...
3 mins read
Artificial Intelligence is one of the most disrupting business models in the technical world. This is all because of its five key technology attributes as Data Ingestion, Adaptive, Reactive, Forward-looking, and Concurrent. It has acquired deep momentum as it has capitalized under every department right from finance to sales, operation to administration, and HR to marketing.
All the industries like manufacturing, finance, retail, and real estate are facing different types of issues such as security, incapability to understand the data, analytics, and many more. These problems could be solved by AI.
How Artificial Intelligence benefits businesses?
Online Security
Security is one of the most important concerns for businesses today. Every organization is finding ways to prevent data from the fraud and deception process. The utilization of AI in companies is to protect their data from the various cyber-attacks and threats of their most important business customer's data.
In some organizations, AI is used for identification and avoiding deceptions and it is also implemented for reliable online security for their employees & customers’ data. Industries like banking and insurance are implementing AI for biometrics, voice recognition, face recognition, and preventing frauds. These systems are very much efficient to verify the person and permit them access.
User Experience
AI implementation helps you to automate the procedure which can deliver the response to any queries asked by the clients. It is also used to provide a highly personalized user experience.
In 2020, the companies can actively manage the huge amount of data that is arriving from various related resources. It also can learn from the customer's requests, inquiries, and deliver the content as per the necessities.
Data Insight
Big Organizations have lots of data that is generated from various channels. This is generally used for setting the predetermined value by analyzing the information or data. To understand the business conditions in 2020, there is a need to analyze the data insights that can only be achieved by Artificial Intelligence.
Decision Making
Decision making plays a vital role in customer management which includes the understanding of customers’ desires and perspectives to follow products. It has the efficiency to develop value in business decision making.
In 2020, AI will help analyze the variety of high volumes of data more accurately and faster. Because of the complexity and high volume of data, the analysis task is not performed by humans. It's only performed by machine learning by applying some methods and takeout meaning full data which can be important in the decision-making process of the organization.
Inventory Management
AI can store valuable data that can be used for future demands. It is used to do the predictive analysis of the markets which are expected to generate the business. Large industries use AI for receiving more information regarding clients and visitors. In 2020, all the industries can use AI as it has the efficiency to deliver real-time analytics.
Conclusion
From the above content, we can conclude that Artificial Intelligence plays an important role in every industry. AI already has a profound impact on technology and finance. In 2020, every business will choose AI for its growth.
RevInfotech Reaches Top 10 AR/VR Companies Globally...
2 mins read
Over our 14+ years of market experience, RevInfotech has established a name in numerous sectors. Our achievements span through IoT, digital marketing, blockchain, crypto, ERP, Cloud, and many more industries. Recently our efforts in the AR/VR industry were recognized by Tech Behemoth as well.
Why AR/VR Services?
AR and VR are two of the most advanced technologies on the web. Both techs possess the potency to revolutionize every global industry. The technologies can be used to gain market insights, offer enhanced user experience, and improve routine business proceedings. Over time, using AR/VR services will become a norm in the market.
Our Achievement
Hundreds of service providers offer AR/VR solutions on the web. But RevInfotech stands out even amidst the global competition. That is why Tech Behemoth has ranked RevInfotech on its list of best AR/VR development companies globally. Following an official partnership with Microsoft, the achievement is another benchmark established by RevInfotech.
Ranked Among Top 6 SEO Agencies
Global Reach with 24/7 Support
Affordable, Dynamic, and Customizable Solutions
Ranked Among Top 20 C# Developers
Why RevInfotech?
Worried about not keeping up with the modern market needs? We can equip your business with quality AR and VR solutions at the most esteemed prices. With 14+ years of work experience, our team is adept at every market proceeding. Choose from our 100+ experts today and enter the AR/VR industry with comprehension.
Why Trust Tech Behemoth?
Tech Behemoth has been in the market since 2012. he platform connects projects with 56,128 IT companies spanned across 6,681 cities and 146 countries. They believe in providing reputability to deserving firms. They have also been featured on Bloomberg, TechCrunch, and awards.
5 Ways to Minimize the Mobile App Uninstallation Rate...
4 mins read
Human Attention has become one of the valuable assets for social media marketers. They carefully create digital products that can cater to user attention for a longer time. But when it comes to mobile apps, the competition is fierce. More than 2 million apps are available on the app store and they fight for the coveted spot on a person's device. We all know attention is a very temporary thing. If a user faces some issues or something that he/she doesn’t like, it becomes harder to hold the customer on the app. This is the reason why apps are getting uninstalled at a very higher rate. The reason could be anything-from complex UI to privacy concerns and the list goes on.
Let us get detailed insights about the 5 ways that can help to minimize the app uninstallation rate:
1. Keep it Simple
Most of us love simplicity as it makes things easy for us. If a user downloads the app and after installation, he is unable to understand the app, there are chances he will leave the app very soon. For instance, if any app requires user authentication, adding more than three fields can be frustrating for users. A lot of options on the app screen confuse end-users and eventually, the app would be uninstalled. Hence, make your app UI as simple as possible.
2. Avoid Asking for Too Many Permissions
[caption id="attachment_2928" align="alignnone" width="1250"] Navigating the Sea of Apps: Mobile App Overload[/caption]
If your app asks for too much information, here is some bad news for you. People never like compromising their privacy and security as they have become more cautious about their security and avoid downloading such apps that want too much sensitive information from them. Developers should take care of this while developing an app. Permission asked should be very clear and relevant to the users.
3. Focus on App Performance
You can’t ignore this vital aspect of mobile app development. First impressions of your app can be a very decisive factor in the success and failure of your app. Slow loading time, lagging, complicated login irritates the users and they uninstall the app without any second thought. This works so straightforwardly. A mobile app development company should focus more on app performance. Some common factors must be considered as the speed of loading, size of the app, login interface, social media links, etc. while building the app.
4. Go Easy with Notifications
We all hate push notifications if they come constantly in our phone’s notification bar. But for an app owner, these push notifications are a great way to engage with their customers, sending offers & the latest updates to targeted audiences. Let us understand with an example. If an app user is asked to rate an app every single time they use it, it's easy to lose patience and eventually they uninstall it. You should avoid persistently nag users with notifications. Give them enough time to use the app before you ask them again to rate it.
5. Under Promise and Over Deliver
This technique always works. If you want to sustain for the long run in the market, you must focus on what the customer is expecting from you. In many cases, to provide more and more features to users, developers often forget what was the prime goal of developing the app. When a customer realizes that the app is not offering the value of what it climbed, they feel cheated and uninstall the app soon. This is the reason, you should focus more on delivering what the customer needs. Avoid making false promises to gain user attention. It will hurt the brand image of your app.
[caption id="attachment_2929" align="alignnone" width="1250"] Empowering App Retention: Mobile App Uninstallation Rate[/caption]
The Final Thoughts
Now, you know what kind of mistakes you were making and how you can correct them to make your app more user-friendly. We hope these tips can help you make your app more optimized and customer friendly so that your customers love using your app for a long time. When you deliver what you promise and provide value for money, we can guarantee you you can get the ROI that you deserve.
If you want to know more about such tips, you can contact RevInfotech. We will help you out and resolve your queries in a matter of minutes. We are a well-reputed mobile app development company and have a proven track record of developing world-class mobile apps at a very affordable budget.
Disclaimer: This blog is for information purposes only. We strongly advise our readers to do their diligence about views expressed in the blog and our company is not responsible for anything
How Bots Will Shape Our Future...
4 mins read
We can’t deny the fact that we are surrounded by technology in our daily lives. Software robotics, cognitive computing, augmented reality, virtual reality, machine learning. With every passing day, new technologies are emerging and the recent entry in this tech-stack is a bot. Although, the bot is not a new term now it has become more relevant than ever.
A bot can be defined as an AI-powered person that can chat with you over a platform like Facebook Messenger. In the current time, bots are used more frequently with more advanced features. Bots are interactive and seem like you are talking to a real person as they are programmed in such a way that they understand the question and answer them as per user request. It makes the searching experience more seamless for consumers. This is the reason why top companies are competing with each other to change the way robotics are implemented in everyday lives. Bots are making our lives more exciting.
How Bots Apps are Beneficial for us:
[caption id="attachment_2922" align="alignnone" width="969"] Visualizing the Future: Robot-Human Interaction[/caption]
Bots have so many benefits but we have covered some of their useful features that can be beneficial for your business too.
The bots are very easy to use and that’s what makes it more popular. Just open up a messenger and the bot will simply answer your query in a matter of seconds.
You can not depend on a support agent when your business needs 24x7 support. If a customer needs a quick response, bots can manage such customer queries with automated responses.
Bots are easy to build and take less time with less development cost. The bots can easily be compatible with multiple platforms. You can utilize them as a replacement for your customer support team if required.
Businesses can take leverage bots to automate booking orders and appointments to make the booking experience easier & seamless for customers. Around 45% of customers prefer buying items through a chatbot.
How will it Shape the Future?
Apart from these benefits, many tech experts claim artificial intelligence will become more prevalent across industries in the next few years. Advanced technology like machine learning will help to automate routine and repetitive tasks. Some leading companies are planning to implement AI to automate apps maintenance projects. It will help the company to save millions of dollars & reduces the requirements of routine software engineers.
[caption id="attachment_2923" align="alignnone" width="969"] Exploring Chatbot Conversations: Queries, Responses, and Interaction.[/caption]
In a similar way, the bots are playing a significant role in transforming the future customer experience. Robotics and AI are expected to redefine jobs and can completely replace white-collar jobs. Bots too are amplifying the power of artificial intelligence as automation is making its presence felt in the healthcare system by disrupting the traditional way of healthcare services.
[caption id="attachment_2924" align="alignnone" width="969"] Unlocking the World of Chatbot Conversations[/caption]
But on the contrary to the popular belief that robots will take our jobs, bots are replacing tasks not jobs. The good news for us is that it will create new markets and jobs in the future. We need to be ready for the robotic and bots-dominated future. Messaging apps are becoming very popular and more and more bots will be needed in the messaging app industry.
Bots apps will become stronger with various advantages for common users. It will also help businesses to drive sustainable growth with better customer services.
Key Takeaway
Some big-tech companies like Facebook & WeChat were the leaders in introducing real-world uses of bots and how they can do wonders in communication. Apps like Bazillion Beings are taking it one step further to witness the revolutionary implementation of bots in our everyday lives. These bots are developed from open source services and inventing new applications for end-users. Some companies are working on simulation techniques to help the users to find and buy a suitable product according to their requirements.
Being in the IT industry, we also leverage this fastest-growing industry segment to deliver advanced chatbots for our business clients. We have a team of experts in chatbot app development. If you have any unique idea, you can share them with us at revinfotech.com
Disclaimer: This blog is for information purposes only. We strongly advise our readers to do their diligence about views expressed in the blog and our company is not responsible for anything
Can Blockchain Stop the Spread of Covid-19?...
3 mins read
The sudden outbreak and rapid but uncontrolled worldwide second wave of Coronavirus clearly shows us the breakdown of existing healthcare surveillance systems to timely handle public health crises.
Though improvements in healthcare monitoring have been seen, these still fall short in stopping the Covid-19 pandemic. Lack of significant steps taken to ensure containment and tracking of the virus have exacerbated the situation.
Blockchain technology is frequently considered as a tool to assist with various features of containing the outbreak. Could the use of blockchain in the healthcare industry help to prevent the Covid-19 outbreak?
There are various challenges associated with Covid-19 such as:
One foremost issue is how prepared Healthcare sectors are to respond to this outbreak.
Keeping the data of infectious patients to stop epidemics.
The urgency for developing better diagnostics, vaccines, and targeted treatments.
No sufficient measures to adopt in a breakdown.
Inaccurate information and false theories spread through social media platforms.
Implementing Blockchain solutions can treat Coronavirus. Many companies have recognized the potential of Blockchain technology and started to build solutions to track donations, drug supply chains, medical data, and identifying symptoms of Covid-19.
Blockchain technology offers security, transparency, and decentralization to track disease, monitor patients, treatment histories, equipment requirements, supply chain, etc more accurately and efficiently.
Most importantly, Blockchain will enable medical authorities to easily keep track of virus activity, patients, suspected new cases, and contain it in real-time.
At present, data and medical information of patients are spread across different departments and systems and therefore, can not be accessed when needed. But if the data is stored in Blockchain, it is secure and can be accessed anytime from anywhere in the world.
There are millions of dollars being donated in the healthcare sector for the public but donors know nothing about the whereabouts of those donations. With Blockchain technology, donors can track their donations until they have been received by the victims. Transparency is the key component of Blockchain which notifies the general public how their donations have been used and its progress.
Blockchain tracks all the information and data, particularly for infectious disease outbreaks such as COVID-19 and it can manage the crisis. Blockchain could instantly alert the public about the Coronavirus and also provide recommendations to contain it. Blockchain provides the healthcare sector with such a platform where all the concerned people can update each other about the situation and prevent it from worsening further.
Blockchain is also beneficial in tracking drug supply chains. The tamper-proof blockchain-based platforms can be used to review and record supplies, and logistics of epidemic prevention materials.
Being a leading Blockchain development company, RevInfotech has developed an application for ICMR (health ministry). With the help of this application, ICMR collects, stores and shares the clinical test results through the BlockChain solution. The tested patients are categorized based on color code under different categories like never tested, tested, tested & negative, tested & positive, tested positive & quarantined and tested positive & recovered. This application is also connected with other third-party platforms like Arogya Setu.
To conclude, Blockchain can not prevent the emergence of new viruses but it can instantly alert the public about disease outbreaks. Therefore, enabling Blockchain technology in times of pandemic can help prevent the disease by providing the early detection of epidemics, tracing medical supply chains, and managing the crisis of outbreaks and treatment.
