Business plan
part from the new advancement commented before within Blockchain, Cloud Services and Low Code systems, it is possible to
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Business Plan Sample 4
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Technology
Apart from the new advancement commented before within Blockchain, Cloud Services and Low Code systems, it is possible to remark the following ones: Progressive Web Apps. PWA Progressive Web Apps offer the most up-to-date and seamless user experience. Besides, they come with a long list of benefits. For instance, the PWA of Starbucks is 99.84% (233kB) smaller than the native app. Progressive Web Apps are designed to offer application-like experience in a browser for your customers. PWA Apps essentially lower the chances of bad user experience and thus, have a long list of advantages over a hybrid or native apps. Use of Scanners and Sensors XXX LTD 15 Lately, mobile apps that use sensors and scanners to fulfil their purpose are coming into play, especially with the increasing market of IoT devices. The entire market is still innovating, and sensors increase the chances of new applications. For instance, there are mobile apps that let you control your TV using your mobile phone . Besides, there are sensors attached to your computers and mobile devices such as GPS, fan speed, temperature, and more. Using scanners and sensors for software development can push your business way ahead of your market competitors. Immersive Technologies Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) are terms that are commonly used in the current business world. The entire market of immersive technologies, no matter how popular it is right now, is in its budding phase. Immersive technologies provide a bagful of software development opportunities and you should jump in at the earliest. Data by Statista, it has projected the AR/VR market to reach 209.2 billion dollars by 2022. While AR is being used for training purposes while VR has found its way in the gaming and video industry. Immersive technologies are bound to reach new market heights and it only makes sense to use it for the growth of your business . Legal There have been new regulation and new ones coming shortly that could affect the technological market. XXX LTD 16 GDPR The General Data Protection Regulation (EU) 2016/679 (GDPR) is a regulation in EU law on data protection and privacy in the European Union (EU) and the European Economic Area (EEA). It also addresses the transfer of personal data outside the EU and EEA areas. The GDPR aims primarily to give control to individuals over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU. (NIbusinessInfo.com,2019) As commented before, this law has had a tremendous effect on how the companies deal with information and subsequently how to technology is deployed in companies, above all, cybersecurity programmes. DIGITAL TAX Many countries are planning to set up a digital tax over tech companies based on the revenues they obtain in their countries. This could have an impact on those international companies operating in different countries, such as Apple, Google or Amazon. It could increase the financial cost that in the end could be paid by final users. Environmental Technology can have an indirect impact on environment in these aspects: • Increasing the productivity at work giving more free time to workers and improving the balance work-life XXX LTD 17 • Reducing CO2 emissions in manufacturing with a more adequate use of process and equipment • Enhancement in recycle process and the disposal of the waste. Overall, as technology can be deployed in any process, this can increase the effectiveness of all the sector related to recycling and protecting of the environment. Also, technology can be used to a better control of remote areas. XXX LTD 18 Figure 6. SWOT Analysis Strengths Extensive Experience in the Industry Growing Market Innovative Product Able to competitve rates Weaknesses Lack of Product Awareness Commercial Background Strong Brand Reputation of Big Players Opportunities Scalable Geographically Scalable to other segments Complementary Services Mature Markets Threats Trade War New regulation after Brexit Changes in Taxation XX LTD TECHNOLOGIES SWOT ANALYSIS |
