Despite the global economic slowdown due to the coronavirus pandemic, the DACH startup ecosystem is showing strong and steady growth. As per a recent report, VC investment in startups in the (DACH region) has almost doubled to €2.4B from Q1 to Q3 2020. So, what gives Germany the relative extra edge when it comes to host startups? There are a few simple yet substantial factors behind this: De-centralized Digital Hubs The prominent European economies have just one city as the face of economic development. For instance, London in the UK, Paris in France, and in the Netherlands there is Amsterdam. That’s not the case with Germany, the country comprises multiple Digital Hubs. One might argue that Berlin and Munich still dominate the German startup landscape, but in recent times, multiple smaller hubs have emerged across the nation that offers value for specific industries. For instance, Stuttgart is more about futuristic industries while Hamburg is more inclined towards logistics. These sorts of smaller hubs offer exclusive access to cheaper resources and specialized talent. Leading in Deep Tech solutions Germany was ranked third globally after the US and China for the most number of deep tech startups. German startups have a keen inclination towards emerging and deep technologies like Artificial Intelligence, Machine learning, IoT, and beyond. One big reason behind the unprecedented growth rate of such ventures is the support from German academic institutions. Centres like the Fraunhofer Institute and The Strascheg Center for Entrepreneurship at the University of Applied Sciences Munich promote and propagate entrepreneurial aspirations through research and resources. Call for collaboration The growing startup ecosystem is eventually leading towards more opportunities to connect and accumulate forces on the regional and global levels as well. There have been several relevant and renowned collaborations in the past that have once again established Germany’s prowess in the global startup landscape. Such collaborations are instrumental, especially for the tech industry. Be it commercial or consumer tech, collaborating together opens new horizons of possibilities and creates a perfect symbiosis for the partners. Tech startups of today are finding solace with their Technology partners. While startups bring new ideology and unconventional approaches (in some cases) to the table, technology partners hold the key to sustain and scale those revolutionary ideas. Hence, this new-found setup of startups being backed by technology partners seems to be the bright and right way to move ahead in the future. How can Gateway Digital help? Technology Gateway Digital GmbH has a long legacy of providing industry-leading technology t startups and helping them to sustain and scale. Gateway Digital GmbH is a pioneer when it comes to supporting, sustaining and making startups succeed. Our commitment and consistency of delivering cutting-edge technology make us the preferred choice for any startup’s technology partner. We excel in emerging as well as established technology while enabling enterprise digital transformation. Gateway Digital GmbH and our Product Implementation services We create digital roadmaps that are backed by global outreach. We empower our startup partners to develop Minimum Viable Products (MVPs) through a lean and agile product testing approach. Along with that, we have access to a colossal knowledge and talent pool with more than 1600 professionals excelling in technologies of all sorts. We deploy Agile and DevOps product development approaches while ensuring high Return of Investments (ROI) for our clientele.
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The businesses of today have undergone a metamorphosis due to digital transformation. Also, thanks to this phenomenon, customers and brands have come closer to each other and are able to share their thoughts about each other seamlessly. Out of all the industries that digital transformation has had an impact upon, retail industry turns out to be the most significant one. Retailers of today are making the most out of digital technologies and are bringing innovations to their brand so that they can fulfill the demands of customers – a need for personalized, real-time landscape of products and services. They’re turning data and insights into intelligent action, for making digital transformation in retail successful. After all, digital transformation is all about bringing data, people, processes together and offering value to customers so that the companies can gain competitive advantage over others. Today’s retail transformation scenario looks somewhat like this – Mobile apps and Omni channel experiences have replaced brick and mortar stores as well as conventional buying experiences enabling the shopping environments to evolve. As customers prefer buying online, retailers are recrafting their delivery models and enhancing shopping experiences across all channels. Now, as we are discussing about digital transformation in retail, and how they are impacting businesses, let us also know about the tools and technologies that are being adapted by the business owners. Look at some of them given below: Machine Learning Advantage Machine learning helps retailers make data driven decisions, as a part of which, they can track customer shopping habits through data sources such as loyalty programs, CRM data bases, social media activity, consumer demand, loyalty programs as well as market trends. A report conducted by McKinsey proved that U.S. retailers that integrated analytics and data reported experiencing 19% improvement in their operating margins for the past 5 years. As machine learning works differently as compared to traditional programming, machine learning enables engineers to narrate computers what to do. Machines also have the potential to transform the future inventory systems by generating accurate estimates of products in the store. Effectiveness of AI When it comes to delivering superior quality services, Artificial Intelligence is the most sought-after technologies. It helps several companies curb labor costs and create efficient shopping processes. Through AI based algorithms, retailers can tailor their marketing experiences based on search data, buying choices, gender, age and other variables. Let’s talk about AI – driven Chabot for example. It turns into an online brand associate and respond to customer queries through texts enabling companies to make better sales. Also, when AI is integrated to marketing, retailers will be able to take big data sets and use them to their advantage. Benefits of a Beacon Retail digital transformation has enabled retail companies to make use of location-based proximity marketing tool, also known as a Beacon. They are a low-cost wireless device that emit a Bluetooth signal which can be mounted inside retail stores and one can send push notifications about offers to customers through a beacon enabled app. Beacons are a great way for brands to engage with customers. For example, if your customer is passing buy a Starbucks store, you can send a push notification to them pertaining to the discount available on their favorite drink. These tools help marketing executives of a brand to recognize the loyal customers from the interested ones and they can conduct target-oriented marketing campaigns based on their buyers. Wrapping Up… Apart from the above tools, predictive analysis tools, internet of things, and many other interconnected technologies are enabling retailers to recognize, analyze, and communicate data. Retail industry is undergoing a sea change in terms of inventory management, service quality and customer behavior. The dependence of businesses on cloud computing for support and infrastructure has been exceptional in recent times. Cloud Service Providers have become the torchbearers for reviving today’s pandemic-disrupted global economy. They have proved to be a great aid in restoring the much-needed business continuity. The numerous benefits of cloud computing have made it the unsung hero of these difficult times. Industries now leverage cloud computing for sectors such as Big Data, Cybersecurity, and quality control. In addition to this, emerging technologies such as Artificial Intelligence, Machine Learning, and other sectors are becoming far more accessible, thanks to cloud computing. Today, we will look at everything that matters about the three most prominent Cloud transformation Service Providers: Amazon Web Services or AWS, Microsoft Azure and Google Cloud Platform. We have broken down the information of the top three tech giants into the following aspects to help you evaluate them better: • History of the organization • Availability zones • Market share and growth comparison • Services provided AWS Established in 2006, Amazon Web Services or AWS is the most experienced Cloud Service Provider with a 40% market share. With their extensive list of computing services, functions of development, mobile networking, storage, security, and many more that sum up to over 200 services, AWS beats every other Cloud Service Provider. With a presence in 55 locations and eight more on its way, AWS is available at the maximum locations. AWS has a relatively mature infrastructure with better offerings. The additional industry experience helps them provide enterprise-friendly services and comparatively more possibilities for open source tool integration. The only challenge businesses face with AWS is their fewer cost management options along with too many service choices. Microsoft Azure Microsoft Azure entered the cloud computing market in Feb 2010. Despite their late entry in the industry, Microsoft Azure has shown significant progress. It provides customers with comprehensive services in computing, storage, database, networking, and much more. They are the second most popular Cloud Service Provider after AWS with a 30% market share and presence in 44 locations, with 12 more to be added soon. Azure offers over 100 services and is considered to be more reliable for integrating with Microsoft tools. The only drawback reported with Microsoft Azure services is that they are comparatively less enterprise-friendly. Google Cloud Platform Incepted in Oct 2011, Google Cloud Platform created quite a stir amongst the Cloud Service Providers in a short period. The project initially aimed at strengthening their other services. However, the IT giant gradually proceeded further and introduced enterprise services. Today, Google Cloud Platform is available at 18 locations across the world, with three more on their way very soon. Google Cloud Platform provides 60+ services. Given their expertise in DevOps, the platform integrates the majority of DevOps tools. It offers flexible discounts and contracts while the offerings are designed explicitly for cloud-based businesses. Despite arriving late to the party, Google cloud business has had the least amount of downtime over the years when compared to others. However, the relatively fewer data centres, services, and functions are a few aspects that push Google Cloud Service at the backfoot. The industry dynamics As per a report by KeyBanc, Amazon lost 6% share while Microsoft Azure moved from 26% to 30%, Google jumped from 8% to 10% of the market share. AWS marked a 29% higher growth in Q2 2020 revenue than 2019. Along with it, Google and Microsoft noticed a 43% and 30% rise in their respective cloud services revenue. Following this trend, the global pandemic has proved to be a catalyst for the cloud industry’s growth and large scale adoption. Wrapping up The cloud services are now essential for most enterprises, and selecting a suitable one that aligns with the business goal is crucial. Hence, IT managers need to do thorough research before investing in a cloud partner. Adopting a particular Cloud Service Provider depends on your business’s requirements and future trajectory, so it’s better to evaluate what suits you best. Digital transformation has become a top priority for organizations worldwide. Businesses across industries embrace a strategic approach to digital transformation and technology developments. In the automotive sector, there is a clear trend towards connected cars, Mobility-as-a-Service, IoT, and Big Data. In the case of the fleet, whether it is a shipping and delivery enterprise, or a transport agency, managing a fleet can become a challenge for the business owners. This is because it includes a lot of complex functions such as managing the drivers, keeping a track of their journeys, ensuring their safety, managing the booking, and planning, and many more. The key challenge that the fleet operators face is in handling multiple fleets manually while maintaining their service continuity. A comprehensive solution is the need of the hour at such times, to carry out fleet management seamlessly. Emerging technologies and digital solutions can be integrated into fleet operations to manage assets in the most cost-effective way. Here are some ways in which digital transformation in automotive can help improve efficiencies and reduce spending for automotive fleet providers. Data Visibility through Big Data Using data in the most organized manner can bring revolutionary changes to fleet operations. Collecting data and analyzing trends can help fleet managers make more informed decisions. With digitization, the data transferred from user actions can be easily tracked in real-time. This streamlines the data collection process and allows administrators to access and filter the relevant data. Visibility into the user data collected saves a lot of time for the fleet managers and reduces issues. Fleet Tracking through Telematics Telematics systems monitor vehicles by combining GPS with onboard diagnostic systems. It uses location data to not just track and monitor fleet, but to also provide details about driver behavior, maintenance requirements, odometer updates and vehicle parts data. It alerts the car owner and driver in case of breakdown or need for maintenance, and gives collision notifications, thereby increasing their security. Vehicle telematics systems have the following benefits:
With the help of telematics, fleet managers can figure out real-time diagnostic levels and track where a driver currently is. They can also provide their customers with the exact location insights of the fleet. Lower costs by leveraging technology Managing costs is the prime concern in any business. In the case of the fleet, the most substantial costs are in vehicle maintenance, vehicle replacement, fuel costs, and driver wages. Previously, fleet managers would update all the costing and accounting manually in excel worksheets. Modern cost tracking and reporting solutions and software, aided by emerging technologies have made it easy for fleet operators and managers to deal with these tasks. These solutions lessen the burden of manual data entry and automate the tracking, reporting, and costing functions of the fleet. This saves a lot of time and efforts of the fleet operators and thereby saves costs. Adopt Digitization to Streamline Fleet Management Fleet management systems can help business owners in keeping track of their fleet, assets, and customers in an effective way. Gateway Digital is a technology and digital automotive partner using emerging technologies to streamline and automate processes for fleet, rental, and leasing businesses. With the right mix of digital transformation solutions, we solve the challenges of automotive players and support them in their growth journey. Looking for a reliable fleet management system for your automotive business? Visit us at www.thegatewaydigital.com for more, or write to us at [email protected]. The popularity of online gaming and perhaps iGaming, in particular, have seen a rapid, but steady increase in recent years. As popularity increases, so does the requirements to meet the ever-changing demands from players to be engaged and entertained. The customer journey is rapidly evolving, with mobile applications, AI software and augmented reality playing a crucial part in the gaming experience. Besides meeting high requirements from players, iGaming companies need to adhere to local regulations, where the safety of the players is paramount. These challenges need to be met with fast go-to-market strategies and expert technical know-how. This is easier said than done, and in this blog post, I will explore further some of my thoughts about the iGaming industry, what it means to be operating in a regulated market in Sweden and lastly I will present some of the work that we have done at Gateway Digital. The Gaming experience The gaming experience for players has seen a significant transformation in recent years. Thanks to advanced technologies, players are now able to immerse in casino experiences from the comfort of their homes and the connection between players have been enhanced. With the adoption of mobile gaming, virtual reality software, blockchain and cryptocurrencies, the gaming industry is evolving to meet the changing customer needs. Online casinos have started to implement AI and machine learning algorithms into online betting games, and it is radically transforming the face of the industry. This results in higher engagement levels and increases in revenue opportunities. The Swedish Regulations for iGaming There is a growing popularity of online and virtual casinos, and online sports-betting is perhaps the biggest industry in the gambling world today. In Sweden, online gambling is regulated by the Gambling Act that took effect on January 1, 2019. This new law oversees all areas of online and land-based gambling and allows operators to apply for online licenses. It operates under a legal framework that creates favourable conditions for competitive iGaming operators. The top priority under this act has been the protection of players, wherein operators have the rights to monitor the gambling behaviours of the players and help them limit their gambling. It also has strict rules and regulations in advertising and marketing of gambling. Marketing without license and cheating at gambling is a criminal offence in Sweden. Hence, the focus of the current iGaming industry is on responsible gaming and the security of the players. With our long experience in the Swedish market, our offerings are fully adapted to the laws and regulations of the local market. The protection and safety of players is essential to long-term sustainable growth, which is why it is a fundamental aspect of all our offerings. Read my previous blog about identifying a trusted iGaming solution provider here. Gateway Digital’s iGaming Solutions for the Modern Gambling Industry We at Gateway Digital Sweden are professional game development service providers with extensive experience in serving the current iGaming industry. We serve the highly demanding and niche online gambling markets using the latest technologies such as AI, augmented reality and blockchain. Our professional teams spend less time in front of computers, and more time to interact with games and gamers from around the world. We research their environments; understanding the world they live in and the games they love to play. With over 2 decades of experience, Entertainment and Gaming is an established practice at Gateway Digital. It is at the forefront of online gaming development, serving enterprise customers across the globe. Our customer fraternity includes Suppliers, Producers, Publishers, Operators and Aggregators. Gateways portfolio includes:
We thrive on the backbone of our diverse and passionate technology teams on-shore and off-shore, having combined game development experience of 125K+ man-hours. Keeping ourselves abreast with the changing dynamics of the industry, we have championed the art and science of online gaming. When you engage with us, you realize the real IT power behind the show. Our focus is on delivering state-of-the-art immersive gaming experiences, enabling our customers to achieve YoY growth, creating a win-win situation for us all. Most of our enterprise engagements in this realm have spanned over 5 years or more. We value sustainable long-term partnerships and believe the more you work together, the better the outcome will be. What makes us stand out?
Game on! If you are looking for a trusted technology partner to help you soar in the iGaming industry, we will be a successful bet for your company. To know more about our offerings and portfolio, get in touch with us at [email protected]. Businesses across sectors are adopting emerging technologies and AI computing techniques such as deep learning, machine learning and natural language processing. These technologies are gradually becoming the central part of our everyday lives without us even realizing it. AI has become the most important technology in various industries, including logistics and supply chain. According to a report by Adobe, 15% of organizations have already implemented AI in their business, while 31% plan to implement it in 2019. Some of the areas which will see prominent use of AI will be product innovation, supply chain operations, research and development, and customer service. Digital transformation in transport, logistics and supply chain industry has opened new doors to efficiently manage operations and schedules, and gain end-to-end visibility. Logistics and supply chain operations include dealing with a huge amount of data. AI computing techniques make it easy to analyse huge volumes of data in a sophisticated and efficient manner. It then triggers functions, generates requested information, and performs complex functions easily. Here are the various applications of AI which can help in streamlining various processes of supply chain and logistics. Autonomous vehicles Self-driven vehicles will be a reality very soon. AI is one of the key areas that facilitates the functioning of autonomous vehicles. Self-driven cars and trucks will benefit logistics and supply chain by reducing the risks of on-road accidents and boosting productivity. Big Data Insights drawn from big data analytics helps to forecast and optimize future performance. When used along with artificial intelligence, it improves the various areas of the supply chain like route optimization and supply chain transparency. AI-based algorithms are used to analyse the logistics data, enhance data quality, and identify discrepancies. Robotics The supply chain makes use of robotics technology to track, locate and move inventory within the warehouse. AI-powered robots are equipped with deep learning algorithms that make autonomous decisions regarding the various warehouse processes. Contextual intelligence AI offers logistics and supply chain operators with contextual information which can be used to manage inventory better. It helps in reducing operating costs and responding to clients quickly. AI and ML give insights into various areas of warehouse management, logistics and supply chain management. Impacts of AI on Logistics and Supply Chain Artificial intelligence has the potential to benefit businesses in several ways. Here are the most notable impacts of AI-equipped technologies in logistics and supply chain. Shorten distribution process Considering the complex operations and vast amounts of information that data specialists need to process in the present business scenario, enabling AI to learn and automate data analysis can simplify difficult and time-consuming tasks. It can track the location of products throughout the entire distribution process through GPS data and smart sensors. Moreover, AI technology can shorten the entire distribution process by guiding autonomous vehicles efficiently. Mitigate risks Supply chain management processes are only effective if the inventory is managed well. If the supplier fails to meet the demand, the time and money invested in it go in vain and customers remain dissatisfied. AI mitigates these risks with the help of predictive abilities. It can predict the upcoming demand of products, bring transparency to the entire process and influence decision making. Boost productivity AI in supply chain management analyses performance and predicts new issues and possibilities in the same area. It utilizes the capabilities of various technologies such as supervised learning, unsupervised learning and reinforcement learning to determine issues in the supply chain. These insights generated help in eradicating time-consuming tasks and boosting overall productivity. Improve customer service AI plays a vital role in personalizing customer experiences. Personalized customer experience improves the relationship between logistics providers and their customers. AI-powered systems enable voice-based shipment tracking that allows the customers to get in touch with the customer assistance team directly in case of any issues, thereby enhancing customer service. Conclusion By adopting Artificial Intelligence, logistics and supply chain industry will change for the better. If you are new to this technology, now is the time to embrace it for your business. Gateway Digital is a new age technology partner serving businesses across various industries with innovative technology solutions. With our array of digital solutions, we help transport and logistics businesses to improve the efficiency of operations and transform the way they work. Along with our end-to-end logistics innovation partner DiLX, we facilitate digital transformation for leading transport and logistics players. Want to embrace emerging technologies to transform your transport, logistics and supply chain management business? Get in touch with us for more. Employees are the real assets of an organization. They contribute to forming firm value to your organization. The right employees contribute to the growth and success of your organization. Hiring apt employees is vital, irrespective of the kind of company you run. According to recent studies, employee satisfaction directly impacts the company’s financial performance. In fact, the right employees are the real revenue drivers of your organization. A survey result by Glassdoor shows that companies featured in their “Best Places to Work” saw higher ROI and outperformed others in the stock market. Mostly, companies have a hard time finding the best fit for the role and end up hiring the wrong employee. This happens because companies lack a good strategy for hiring resources. Moreover, they undervalue the power of having a strong and inclined workforce. Organizations large and small must invest in their workforce and offer an engaging culture, good employee benefits and competitive compensation to hire and retain good employees. TECBRIDGE HELPS YOU FIND THE RIGHT RESOURCE FOR THE RIGHT JOB TecBridge- a brand of Gateway Digital knows how important it is to have the right resource on board. Companies looking for new employees need to understand that the hiring process is not just about reviewing resumes and cover letters. It is about understanding your company’s or project’s needs and matching them with someone who not only meets the requirements but also adds value to your organization. Hiring a resource differs from company to company and project to project. For example, a marketing company may be looking for someone with good interpersonal skills and creative background, while a company looking for a technical resource may look for their coding skills and technical knowledge. One rule that must remain common among all companies and employers hiring for new employees, is to make sure they hire employees who fit their company’s mission and values. Moreover, it is important to define who you are as an organization and what you want from your employees, to attract suitable candidates. A well-defined hiring process will help you prune candidates who do not fit the bill. This will save your company from a bad hire, which could be a costly mistake for your business. Once you hire the right employee, it is also vital to retain them and keep them happy. Company culture and employee engagements are the main drivers and top factors of employee satisfaction. Recognition at work is another major factor. Employers who value their employees by rewarding them time and again for their hard work succeed in creating a positive work culture. In order to keep the employees happy and satisfied, their vision and values must align with that of your organization and they must feel valued and respected. Why TecBridge? At TecBridge, we serve local startups to Fortune 500 companies with our IT staffing solutions. Our well-managed staffing and screening processes allow us to find the most appropriate resources for your business. We identify and map the right IT consultants for the job by studying the company and role requirements in detail. Our professional services include temporary staffing solutions, permanent staffing solutions and software factory setup model. Are you looking for quality resources for your organization? Tell us your requirements and we could help you find the best fit for the role. To know more about TecBridge, get in touch with us. |
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