Fundraising Then and Now

ICO is the hawk gliding quickly in fund raising industry as it creates liquid cash and equity growth without giving in any equity. Today ICO is replacing the traditional methods of fund raising like Bank loans and IPO`s. With ICO millions of dollars have been raised during the token sale in just a single day. The advent of ICO`s has been lead by blockchain application development, where smart contracts are used to validate an authenticate the transactions. Using open source software’s, to design your own currency, with real base value and making exchanges with investors; it is how businesses raise millions of dollars.

The main reason why investors are interested in buying crypto currencies is during the initial coin offering are at a lower cost. When the ICO hits the marketplace and the product prospects are positive, then there is a positive speculation leading to rise in crypto currency value. Bitcoin was for one dollar in 2011 and now it has crossed 4000 dollars. This implies that a digital asset for the investors is created in exchange of cash money or fiat money. This digital asset has a value which is assigned by consensus of people in the business. This value depends upon the project one puts money in; it is other factors to take under consideration as well that define the value of a crypto currency.

How is ICO replacing Traditional crowd funding platforms?

• • • Fast method of fund raising – Bank loans and IPO`s are very time consuming and involve a lot of bureaucracy.
    • Best suited for risky ventures – It is better way of raising funds for risky ventures as banks and IPO`s may not give weight age to the modern ideas and may shrug away.
    • It minimises the risk of fund misuse – The blockchain development based database in ICO`s is managed on a distributed ledger and thus all the transactions are mutually updated in the blockchain making the fund use more transparent.
    • Huge ROI – Yes, quick profits interests investors. Not only bitcoin and Ether, many upcoming crypto currencies make huge profits.
    • Liquid Cash – As compared to traditional ways of crowdfunding ICO are much quicker when it comes to having funds in hand which further helps to elicit profits.
    • More Secure – It is far more secured as compared to its previous versions. There are research groups who analyse ICOs to make them more secure and compliant.
    • Digital asset – Unlike equity based IPO Shares, Crypto currencies can be transferred without additional cost of involving a 3rdparty.
    • Universal acceptance – Crypto currencies are universally accepted and can be converted in all currencies and can be used to sell and buy goods and services across border.
  NetSet is one of the Best custom software development services providers and one of the top Blockchain development Companies in India and has helped California, Singapore, Tokyo and Honkong in raising ICO`s as a stable platform for reliable investment. To know more drop us a line on direct@netsetsoftware.com.

Meetings the Challenges of Supply Chain

The concern of every transport company is to effectively coordinate and manage its current capacity. The everyday problem encountered by the companies is that transport vehicles have varied size and space. On the other side the size and quantity of the goods are changing. The compelling nature of this business makes the management very tedious, and allocation of resource in real time is near impossible without a systemized Logistics Management system.

Being one of the best Mobile app development company, NetSet Software is familiar with challenges while managing the transport industry clients. The solution to such high-impact problems can be a simple mobile app. We have come out with a problem solving interface where the same mobile app collects the varying data and integrating analytics to deliver real time stats.

The mobile apps developed for such industry have multiple integrations for all the stake holders. The integrated embedded analytics and role based dashboards can give all the participants desired transportation metrics. For example, the dispatcher has the option to select the size, weight of the package or location of the package and various other metrics. The request goes to the pickup drivers near the location who can select the order based on their routes. The dispatcher is kept updated alongside with the information.

While the driver and dispatcher interaction is going on, the administrator can analyze the real time data and broadcast the total capacity of the resources available. A custom software development services provider ensures that the system should be able to deliver multiple analytics metrics that benefits the strategic plan. The systems are modeled to measure and accomplish few of the following basic KPI’s:

• Current capacity, orders, routes and stops
• Driver records
• Carrier performance and feedback rating
• Reliability and sustainability
• Special events tracking
• Carrier movement and commitment
• Record of quotes on requests

Mostly, users have a very basic need of managing the current necessity and real time decision making goals. But in today’s dynamic environment companies want to forecast the need. They not only want to strategically plan today but keep a plan of rest of the year at hand so that prospects and risks could be met before hand. As a responsible CRM Development Services provider NetSet Software’s team strategically aligned the database to log the data of end users for client retention along with special incident records, orders, delivery dates etc in the format that delivers the required analytic reports.

On the other side, the new business models monitor the transportation metrics and log the data on similar KPI’s. The entire data can together be analyzed accordingly and forecasts can be propagated.

How is this solution better than other?

• Customized reports
• Shipment history or forecasts
• Business opportunity mapping
• Quick view of user-intended metrics
• Tracking and recording of repeat and special events
• Consistent view of transportation data facilitating better measurement and control
• Gap analysis between intended and actual outputs, in terms of delivery time, feedback, revenue etc.

Today, the providers of custom software solutions in India understand the need of the transport companies which is not defined to road or rail transport, the domain is now widened to shipping and airways. Even domestic delivery and dispatch is more reliant on fast movement services like Airways. The legacy systems have to be accommodating enough to integrate the modern means of transport. The information of flights have to be integrated in mobile apps with monitoring the movement of transport to updating the information in the real time data.

NetSet software being the best software product development company acknowledges the pain points of its customers and offers valuable solutions from industry-specific to the most comprehensive solutions on the planet. To meet the challenges in your Supply Chain drop us a line on Diect@netsetsoftware.com.

Top 10 ways for enriching user experience

Developing a mobile application is to concentrate on making the users to stay on the application for a longer period of time and generating profitable revenue. The best Mobile app development company understands that in this encroaching age of development industry all business systems use mobile apps as a method of client retention and brand building.

Bottom line : It is found that more than 90% of the users prefer to uninstall an application in less than two months time and never return.

Thus it becomes inescapable to improve the process and quality of mobile app development, hence improving the user experience which keeps the app interesting.

Following are the ways in which user experience can be made impelling:

1) Know your audience

Before developing an app the developers must consider their audience, the marketplace, educational levels and culture of the targeted audience. The most important thing is to connect with the audience.

2) Comprehensive design

The first communication with the app is user registration which should be clear and understandable. User should be able to move smoothly through the application. CRM Development Services providers must focus should be on major functionalities while ensuring a comprehensive interface.

3) Enhancing application backend

For an exponential success, it should be supported by a backend. At every level of developing an application the process of interaction with user is strengthened by backend. It also helps in handling the app crashes, which could drive away user if not taken care of.

4) Best testing solutions

After testing phase the app should be bug free. Best testing methodologies, both automated and manual should be applied to eliminate maximum number of errors in this phase.

 5) Integrating Ads

The ads in your application are the best way for generating revenue but these external ads should not interfere with user interface.

6) Iterative Design

From interface to how back end operations work, the design of an app should be iterative. A software product development company understand that his means versions of app should be available, people should be curious to upgrade the app to new versions which would be more comprehensive in design as compared to previous design.

7) Scalability across various devices

The objective of designing a scalable app is to be able to customize the apps for various operating systems. A custom software development company understands that making apps that supports all the device sizes and ensures seamless user enriches user experience.

8) Support business apps

The business groups and organisations can spend money in return to business support system. This would generate revenue, provided there is a customer support system.

 9) Importance of User data

During iterative app development user feedback should be considered extremely important. There should be a clear understanding of the faulty areas where the design can be improved and the areas which user found useful and helpful.

10) Sell great than over flatter

Under the app description there should be a perfect balance of positive outline and no over promising on your product. One must deliver what one promises otherwise customers won’t slide away without thrashing negative posts and reviews.

NetSet being the premium providers of software product development in India ensures that the mobile apps are enticing and makes the users stick. Designing user-friendly mobile apps requires invoking careful thought process because so many different aspects of planning stage. To reach out to a larger number of clientele and growing your business drop us a line on direct@netsetsoftware.com.

Five imperative Features of a Restaurant App

The restaurant business has unfolded and matured the way it uses technology now. Restaurant mobile apps were there in older times but never raised enough users to use them. Now the apps are more comprehensive for the users. This idea has brought a stir in the industry and now many start ups as well as established restaurants and food chains are adopting it. However owners must ensure that custom software development services providers add these few attractive features in the app to incite the users. We are illustrating some of the must have in the restaurant app:

1) Order from anywhere:

To have customers view the menu anywhere and raise order at all screens gives quick retention. A good ecommerce website designensures that the app moves fast for both customer and restaurant as it saves a lot of time. With this feature people can order from wherever they want and can make payments online as well without going to multiple screens.

2) Quick repeat order for customer delight:

The customers must have the privilege to repeat the order that they have ordered before through the app. There should be a list of orders available that have been ordered before through the app. This might be customer’s favourite dish, that one can find it in the list and reorder, which saves the hassle of going through the menu and making choices. This again makes it easier for users who frequently order the same dish and saves a lot of time for them.

3) Payment flexibility

E-wallets feature is available in almost all the apps now days; this makes payments much easier and convenient. This feature saves time for both the parties as after making online payments users can have order delivered wherever they want. Getting cash, change or waiting at cash counter is another issue that is resolved with this feature.

4) Client retention with rewards and notifications:

In today`s tough competition CRM Development Services providers understand that it is very important for every business to retain its clientele.  One of the options can be setting reward programs and special discounts for the users of the app, this will keep your clients engaged. Even sending notifications based on placing orders, special offers, and delivery tracking all help in gaining customer loyalty. Branding loyalty is affordable than promoting brand itself. This is one reason premium brands concentrate on rewarding their most loyal customers.

5) Make a reservation

Good Restaurants often face the problem overcrowding, as good as it sounds it may sometime become embarrassing that you are not able to cater your most loyal customers. The app must have the options to book a slot for arrival.

TIP : Do not make taking appointment too hectic, it should be possible within 1-2 clicks with only 2-3 questions.

These are some of the features that will make an app more interactive and meet real business challenges. NetSet software being the premium providers of software product development in India have helped the Hotels, Restaurants and Food chains worldwide in achieving customer retention by providing digital solutions. To know more drop us a line on direct@netsetsoftware.com.

How to build a best featured app

The first phase of product definition begins with planning the pre-requisites and extracting information from user feedback. While defining the product it is important for providers of custom software development services to understand the client requirements and define its features and functions which will further shape up the other phase of mobile development application. The product should define a set of solutions to the problems that the app intends to solve.

There are some tips that can help App the development process:

1) Analysis

The first step is to analyse the key parameters like trends, competition, technology and customers. These factors form the major ingredients of the product development and before commencing the project and there should be a clear knowledge of these aspects. Analysis to the root becomes more important in case of e commerce website design as the back end must be planned well in advance for giving better user experience to end user while ensuring smooth working of product, price, ratings and other features.

2) Illustrate the purpose

• Why are you building the app and what problems does it solve?
• Which customer segment you want to target?
• What is the USP?

Your app must be able to answer these questions. The product must define the solution in a comprehensive manner and how it can overcome the challenge from competitors.

3) Choosing features and functions

It is important to know what and how you want to build an application to be able to add features and functions to it. These features should be solving problems. Analyse the user habits, check out the unique features competition has and how it makes app use easy.

TIP: A successful app takes end user through minimum screens to achieve their main purpose.

4) Define Benchmark

It is done to decide the success of the mobile development. A software product development company that one chooses for development must have the idea on how to analyse success of app. The app success depends on the basis of how well the features and functions perform to solve the whole purpose of the mobile app development.

5)  Arrange the features

For successful mobile app development, it is highly important to prioritise the requirements of the app so that one can align the features and the functions accordingly. Defining features at very initial stage this helps in preventing roadblocks as the most vital features are completed first and rest follows.  Most of the apps made today are meant to target the public and CRM development services developers must keep the app scalable to changing demands and flexible around end user.

NetSet software being one of the premium providers of custom software solutions in India takes you through the complete user journey. We have a team of elite mobile experts, strategists, designers, analysts & technologists spread across our branches in Singapore, USA and Africa. To ensure that you meet your strategic goals through digital solutions drop us a line on direct@netsetsoftware.com.

Blockchain meets Supplychain

Supply chain has old business models and old technology that does not meet today’s production and management parameters. These systems have become more scattered and complicated. This makes supply chain a chaotic and fraudulent process which has become excruciating to handle. By integrating blockchain with supply chain we can reclaim the visibility and efficiency. Supply chain is getting revolutionized with the infusion of blockchain and with it system is getting more transparent and assuring better management of goods and services as they move along the timeline.

Current supply chain issues that hamper Bottom Line

• No dependable methods to validate the authenticity of products from different locations.
• Difficult to Track events and trace any incidents.
• Zero transparency across entire chain.
• Unfair cost of production of goods and services.
• No ownership and accountability of wrongful actions.

Blockchain can end the flaws of conventional supply chain system

Blockchain is a decentralized distributed ledger which has all the records of data stored as blocks and are shared publicly. As per our study from a leading website that updates and analyses supply chain related challenges, blockchain based supply chain solutions can cater to most of the challenges.  Every block of transaction that is added to the chain and is time stamped; it is also tamper proof which makes it more secure.

The two primary characteristics of blockchain that makes it ideal for supply chain are:

1) Decentralized ledger:

The distributed ledger technology enables to trace the accountability and ownership of the various events occurring at various levels of transition. Blockchain is a peer to peer network where everyone maintains their own copy of ledger and could verify the authenticity of goods and services. This network is more transparent and accessible for everyone. Blockchain development companies assist professionals to share information online and be accountable of that information.

2) Multiple copies

All the transactions are recorded in the ledger form and everyone on the network maintains their own copy of ledger which is time stamped, also updated every second. CRM Development Services integration with network ensure that the data there is immutable and is tamper proof. Identifying problems is also easy as blocks of information forms a chain of time stamped transactions. This makes error management and accountability of wrongful acts much easier.

Advantages of using blockchain in supplychain

Supplychain is entirely based on transaction data which is shared at various levels of travelling goods and services. It is maintained by a number of authorities so it becomes erroneous and inefficient. Blockchain offers great benefits throughout.

1) Improved Transparency

Keeping records of the transactions from origin to destination and in between touchpoints will encourage more trust and authenticity, hence making the network more transparent.

2) Increased Scalability

On a blockchain network there can be any number of participants viewing and sharing information on a secure and reliable platform.

3) Enhance Security

It is immutable data sharing network, where the information is tamper proof and is time stamped.  Further more Blockchain Wallet Development and integration with payments systems will assist in transaction cost free, faster and secure payments 

4) Modern Opportunities

There are upcoming new advancements of blockchain which will result in disruption in businesses. A custom software development company can use the blockchian integration with blockchain solution to provide fast and reliable solutions.

At NetSet Software we are adopting blockchain business development model which is disrupting the old business models. We are ready with our proof of concept using blockchain integrated Supply chain model.  For more information contact us on direct@netsetsoftware.com.

Role of RPA in achieving Customer Delight

RPA software is capable of interpreting the existing applications and integrating with old system to automate the rule based business processes with zero errors in much less time as compared to human workforce, blue prism technology is the mastermind behind the deployment of the automation processes and activities that plays with data, trigger responses, begins new activities and communicates with other systems automatically.

Customer satisfaction is the cut throat differentiation among the competing companies who want to succeed in business market. RPA has paramount importance and is the leading factor in increasing customer satisfaction. At the speed at which organizations are now required to work, and customers expect response and action in no time, your human workforce can no longer process the speeds required. By deploying a team of robots, processing times improve and speed to completing tasks, which have an impact on the customers, speed up significantly.

There are huge number of significant advantages of implementing Robotic Process Automation(RPA) within your organization, improving the customer experience has been a key driving factor for any organization who has RPA running on their systems.

Key driving factors:

• Through the universal deployment of RPA, the human workforce that is, will be reinforced and improved. People will adopt more interesting and valued work, while robots do the repetitive or rules based tasks.
• When your staff is dedicated to more important work and is motivated to do their work this is for customer’s better experience.
• By implementing RPA you free up high value human resource from unskilled tasks and put them back on the front end helping customers. RPA implementation cost will be covered up through better resource alignment.
• Almost zero errors when robots are deployed, you reduce complaints from customers. Automation is not meant to make mistakes.

Robotic process automation consulting involves following evaluating complex scenarios involving customer dissatisfaction:

1. Looking up of relevant information
2. Data Input
3. Taking time to process information
4. Long holds on telephone

Most of the clients face poor experiences from above factors more than once. This is where an automated super fast system, RPA can improve customer experience.

Our team at NetSet Software will help you reach out and implement RPA tools in market. To know more about how RPA can help in client satisfaction drop us a line on direct@netsetsoftware.com

How to analyze success of a Mobile app

The success of a mobile app depends on the user experience and user engagement. Today businesses display the offerings on apps and desire to get the most user engagement. Now to assess business success a proficient mobile app development company must keep track of business metrics and later try to find beneficial solutions. These metrics apply to all the operating systems and monitor the success or failure of the web app. listing some of the key metrics that highly impact the success of an app.

Why does that matter?

Launching an app is not just for utility it is a part of a systematically aligned business strategy and must be analysed to know if the app meets its target in term of revenue and other pre-defined business goals.

Following are few basic parameters that help in analysing the success of an app:

1) Number of downloads

Number of downloads depicts demand of the application in the app store. But it is a parameter that just shows people engagement at level 0 as 20-30% of the apps are just used once or  are uninstalled after two three months . So overall downloads statistically have limited impact on App analysis.

2) User holding ability

Retention rate of user attention on the app is the number of user who returns to the app after their first visit.

3) User lifetime

This parameter is the money spent by user in days/weeks/months/quarters/years to stay on the app. This is the most apt way to keep record of the revenues; it also tells the promising revenue different users can contribute.

4) Internal Referrals

This metrics is one the most important of user lifetime value that it be audited on regular basis. This means how many times a particular user shares your app with other people.

5) Performance monitoring

Even if you have an impressive design but the app does not perform well, will never attract user lifetime value. The website and software development company ensures the user experience and understands that it depends on many factors like how quickly the app loads, no network errors, no app latency or crashes. If this parameter is taken care of, many of the user shifts to your app from low performing apps.

6) Rating and Reviews

The success of an app largely depends on user feedback through rating and reviews. In this competitive world, rating is parameter which helps us to make a decision on installing which app. There is need to track this metrics as this would specify the number of people supporting you and  you can work on the given reviews to make further user experience a better one.

7) Feedback

As rating and reviews, feedback is another parameter that put light on the broken links in the app which would lead to better user experience. Nowadays it is easy for user to give feedback in few easy steps which in turn would help to fix defects and better turnaround time.

8) Track drop off users

All the users who installed the app but later installed it are targeted by companies to get them back onboard through iterative marketing methodologies.

9) Time spent on app

This metric will help to understand user engagement on the app and to specify areas of improvement if user takes less or zero time to exit the app.

10) Return interval

The factor that highlights the interval that after how many days user returns to the app for promising user experience and higher revenues. This can be used as a targeting scheme which would make users come back to the app when something generates interests in them.

Providing the best custom software solutions in India we At NetSet software have a team of technocrats that not only works on giving a fully functional app but also ensures that its design, manoeuvrability and speed meet the end user expectation. To digitise your current business model and develop the app to meet your strategic goals, drop us a line on direct@netsetsoftware.com.

Tricks for successful ICO

ICOs have made upcoming entrepreneurs to raise enough funds from digital currencies through investors over a short period of time. I would like to discuss 4 tricks for all those aspiring entrepreneurs who wish to make a sail in the ocean with ICO.

(1) Keep your ICO Secure

Hackers are the biggest threat. They are possibly sitting and trying every mean to get the company information and the investor’s information. If not they are probably trying to steal the money from you and your investors. Service providers use a lot of features to safeguard the Blockchain trading platforms but the safety it required even at the client side.

Here are some security tips:

1) Use different password for various social media accounts and email accounts. If one account is hacked, others are safe.

2) Do not share your company passwords unless there is a need to know emergency.

3) 2-Factor Authentication for password should be mandatory for your company staff.

4) Employ a manager to monitor your ICO slack & telegram chats.

5) Publish your crowd sale address and inform your people on it.

6) Hardware wallets like Ledger Nano can be used to access ICO and blockchain wallets and keep it safe.

(2) Free and Effective Marketing

Marketing is the platform on which ICO sits. It is best to use free public channels to present your ICO to the major audience.

Informational Boards

Websites like Reddit are ultra popular to broadcast to crypto-audience. Being a part of Reddit and websites like it is a great advantage; you can activate a thread and talk about your ICO even before commencing the launch of the project.

(3) Register on multiple websites

Showcasing ICO on multiple websites for free or if you have to pay, well pay, as it will help you get more attention.

(4) Strong reason to Buy your tokens

Investors are the backbone of your business; blockchain trading platforms you need to make them trust your business to buy your tokens token should not be shown as equity or debt, it should be represented as profit sharing technique.

We have helped companies worldwide in fund  raising through ICO`s for startups and crypto currency based fund raising for natural calamities. Our solidity developers have mastered coinbase and other cryptocurrency platforms and are serving clients worldwide. To hire solidity developers and be blockchain development partners drop us a line on direct@netsetsoftware.com.

Use of Blockchain in mobile payments

Blockchain is the revolution technology behind the advent of cryptocurrency like Bitcoin and Etharium. With evolution of blockchain and its integration with online mobile payments, most of the industries are looking forward to embrace this advancement. In near future, smart contract bloackchain, is going to be the most efficient way to pay for services and transfer of money.

Here are some of the primary characteristics of blockchain:

1) More secure

Blockchain technology is fraud proof and prevents double spending. It is because the distributed ledger is tamper proof and time stamped. With mobile app development company using blockchain compatibility, it will be extremely difficult to hack user accounts.

2)  Easy and quick payments

This is best for assisting global payments where in somebody wants to send money to other country and it takes few seconds with blockchain to transfer the money in a secure and a fast way without any middle authority involved in it.

3) Remittances

Blockchain is a distributed decentralised network, by removing middlemen while transferring money globally the customers can save up to $16 billion. Blockchain allows remittances across the world at zero transaction fees and much faster as compared to current expensive services.

4) Blockchain Wallets

From cash to plastic money and now to digital wallets, life of mobile users has been made easy and convenient. The Blockchain wallet development technology will further make it more secure with internet level consensus verification technique. This would increase speed and reduce cost at the same time.

5) Unfolding usage of wearable’s

Users have a benefit to store information on wearable’s like smart phones, watches etc and with blockchain they don’t have to worry about fraud. Blockchain is a huge network where users can share and store information across distributed decentralized network. This information is securely available to required set of nodes/devices as private or public networks.

6) Peer to peer Lending

Financial businesses can take a huge turn in terms of doing payments on local or global platforms. P2P is the fastest growing technique when combined with blockchain as there are low interest rates and greater return of investment. Blockchain has made lending business easy as borrowers do not have to deal with paper work related to banks or is, a direct loan agreement is made between lender and borrower which is more secure.

NetSet being the top blockchain software development providers, has developed Blockchain Wallets as a POC and we are open to partnerships on for solving real business challenges.  Drop us a line at Direct@netsetsoftware.com to know more.