As enterprises have started to embrace technological advancements, the IoT (Internet of Things) concept is getting mainstream rapidly. IoT app development is an example of leveraging this futuristic technology in the enterprise mobility domain. It is fair to mention that IoT has immense possibilities in health, manufacturing, and other core sectors. Entrepreneurs can utilize its potential with the help of IoT app development services. In this post, we will dig deep into the role of IoT in mobile app development and how IoT app developers can make this technology to make superior solutions. Without further ado, let’s start our discussion with the increasing penetration of IoT across various industry sectors. IoT App Development Cost in 2023IoT for app development solutions have different features as per the project requirements. These features and the app’s complexity are the major factors for determining the IoT for app development cost. Average development costs for a custom IoT app range between $20000 and $60000. An IoT app for monitoring machines and systems would cost around $25000 and a smart home automation app would cost $50000. However, it is better to consult a reputed IoT for app development company in Canada to get an accurate quote. This app development cost estimate is based on various factors, including the number of developers required, duration of development, and type of application. The hourly rate of development is also a key factor to determine the cost of your IoT app. How IoT is affecting mobile app developmentThese days, we can think of IoT for consumers in the form of smart homes. This concept is gaining popularity every year. As per the Statista report, consumer spending is expected to cross USD 204 billion in 2027. Other sectors including agriculture, logistics, fintech, manufacturing, and real estate also jump into the IoT bandwagon and we can expect that the number of connected devices will exceed 75 billion by the year 2025.
IoT app development is an integration of IoT-based features in an enterprise-level app. Here, it is fair to mention that the features of IoT apps are different according to the industry sectors and business needs. For example, a smart home application and a connected car application have different features. IoT focuses on customers and their daily activities. It can impact the way we live and work by adding more comfort and convenience to our lives. IoT frameworks with different functionality and possibilities are useful for making innovative and interesting apps. IoT app developers should have specific skills to leverage the benefits of this complex technology. Also, an IoT app developer should have expertise in cyber security because the IoT system is highly vulnerable.
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What is Odoo, and How Does it Benefit Your Business? Odoo is an on-demand open ERP founded in 2005. It has risen to prominence as more companies turn to Odoo for its endless, flexible functionalities. In October 2022, it launched its 12th version. It is a comprehensive business management tool providing multiple functionalities to the users. Odoo has two versions: Open Source and Enterprise Editions. The open-source one is free for everyone and has the essential capabilities for running a business smoothly. The Enterprise edition is mainly chargeable and has advanced functionalities like integration with Salesforce, enterprise-grade security systems, etc. Methodological Odoo ERP implementation empowers your company with the following benefits:
Odoo implementation must be done carefully to leverage all its capabilities for your business. There are nine steps in the Odoo implementation methodology:
Customization is one of the critical benefits of Odoo software. Odoo customization will change based on the model you choose:
When you decide to implement Odoo, a few factors can make or break the process. If you want to plan a successful Odoo implementation, consider these five factors:
Every organization needs a system that enhances its overall efficiency and streamlines and automates its business processes. Comprehensive ERP software solutions are perfect for all activities across departments. Nevertheless, SMEs often refrain from adopting ERP systems due to the cost commitment, which inhibits their growth in the long run. Odoo is a modern ERP solution that offers flexibility and efficiency without agitating the company budget. Introduction: What is Odoo ERP and How Does it Work? Odoo is an on-demand open ERP founded in 2005. It has risen to prominence as more companies turn to Odoo for its endless, flexible functionalities. In October 2022, it launched its 12th version. Odoo has two versions: Open Source and Enterprise Editions. The first version- the open-source one is free for everyone and has the essential capabilities for running a business smoothly. Next comes the Enterprise edition, which is mostly chargeable and has advanced functionalities like integration with Salesforce, enterprise-grade security system, etc. The Enterprise Edition is charged either based on the number of users or the number of apps. This article will give you a peek into Odoo ERP price. What Are the Different Types of Odoo ERP Packages? There are two Odoo ERP packages based on the Odoo ERP cost. They are:
How Much Does an Odoo ERP System Cost? The Enterprise Edition is a better choice for organizations due to its varied functionalities and add-on support, making it worth every penny. Odoo Enterprise License cost can be categorized into three plans:
How Can You Reduce the Costs of an Odoo ERP System? The flexible Odoo ERP pricing makes it easier for small and medium-sized businesses to adopt and implement the on-demand open ERP. However, if you want to save on Odoo ERP implementation costs, here are five points to consider:
Benefits of Using an Odoo ERP System Having a hard time making the final call? Here are seven benefits you will receive by choosing a new-age ERP that is easy on the pocket.
The success of any retail business depends mainly on how efficiently the processes are managed. Retail companies worldwide are successful because they have found out the secret to managing their business process and operations skillfully. However, in this era, when retail businesses are generating huge data across all of their branches globally, it becomes impossible to manage the processes manually. This is where SAP comes in. SAP is the market leader when it comes to ERP software. Established in 1972, it caters to reputed retail businesses like Walmart, Loblaw Companies Limited, and Home Depot Canada. But that’s not all! SAP offers a variety of ERP software so that both large and small companies can afford it – both from a financial and organizational point of view. SAP For Retail Industry: What Pain Points Does It Address? A retail business has many unique pain points. However, if you look closely, all of these pain points are somehow related to the business processes.
SAP ERP Suite – Revolutionising the Shopping Experience The primary aim of any retailer behind using an ERP is to ensure a superior experience for shoppers. SAP solutions for retail companies offer everything a retailer needs to provide a personalized experience for each customer. Omnichannel Sales Solution SAP for the retail industry empowers retail companies with a unified view of inventory, products and customers. This enables retail companies to shift to an omnichannel business model- a primary criterion for businesses today to compete with established e-commerce sites. There are many standalone SAP modules and third-party integration solutions that enable businesses to manage their inventories, taking both online and offline channels into account. From the CRM perspective, SAP Customer Experience offers retailers the ease of reaching both online and offline customers. As an SAP Business One partner in Canada, we at Silver Touch offer custom integrations to integrate your retail sales process with your online sales platform. All the complexities are handled by us. Delivering Unparalleled Customer Experience SAP offers a standalone CRM solution to make the customers of your retail business feel special. With its modern,cloud-oriented C/4 Hana platform, SAP makes sure that your customer data is available to the right person in your organization at the right time. For example, you can group your customers based on their buying patterns and show customized promotional offers. Even SAP variants for small businesses – like SAP Business One – come with built-in customer relationship management tools that make it easy for small businesses to conduct marketing, find opportunities and automatically upload relevant customer data to GL accounts. Smooth Flow of Information A retail business has various departments that work together to make the business successful. However, it is extremely crucial for retail companies to ensure a smooth flow of information across the departments. If critical company information does not reach a department on time, it can delay delivery. It can even result in delivering the wrong items. SAP for the retail industry prevents the creation of information bottlenecks. It provides a single source of truth for each and every piece of information. On top of that, automated appending of the information by the SAP ERP ensures that you don’t need to manually update business data whenever a transaction takes place or new items are delivered to the warehouse. Sales Pattern Recognition and Deman Forecast Since every piece of information flows through the SAP ERP, it can be leveraged to analyze enterprise data to identify sales patterns and develop intelligent forecasts based on historical data. As an SAP Business One partner, we configure your SAP set up so that the system ingests your data and creates automated forecasts based on the data. Similarly, SAP solutions for the retail industry further optimize your supplier relationship based on your historical purchase data. For example, based on your purchase date, the SAP ERP can suggest which supplier to choose during holidays and which supplier to choose during work days. Automated Finance Management SAP for the retail industry works with master data. By leveraging this master data, SAP performs automated data entry whenever transactions occur. So, for example, if a retail company sells a product, it does not need to do anything to update the general ledger. SAP ERP automatically does that for the company. Remember that SAP ensures that the ledger is updated only when the pending A/R invoice is cleared. This makes sure that you get an accurate picture of the cash flow as well. SAP For Everyone: Why Should Big Retailers Have All the Fun? There are many different variants of SAP for the retail industry. Depending on the scope of management, SAP offers different levels of features. However, SAP ensures a minimum number of standard features for all its ERP solutions so that businesses of all shapes and sizes can leverage SAP ERP and up their retail game. From a high perspective, SAP offers three variants for its retail customers:
SAP offers its flagship ERP for large retailers that need complex functionalities in their software. This variant of SAP is known and loved for its modules that extend the native functionality of SAP S/4 Hana to further enhance the productivity of retail businesses. For example, a retail business that has its own logistics arm would need to be able to manage the logistics using the ERP. The Logistics Execution (LE) module empowers such retail businesses to manage their logistics comprehensively.
SAP Business ByDesign is a variant of the SAP ERP that focuses on pre-configured features. It is targeted toward mid-sized businesses that might not have the technological bandwidth to set up a complex ERP all by themselves. The focus on pre-configured features makes SAP Business ByDesign very easy to set up for retail companies. Most features that a retail company would need are already there in this ERP by default. Hence the name – ByDesign.
SAP offers a retail ERP solution for small businesses as well. With SAP Business One, SAP targets growth-focused small retail businesses that want to future-proof their processes. SAP Business One is an ideal choice for a small-sized retail business. Using complex, feature-rich ERP software might be an overkill for businesses that are just starting out. From Sales and Purchase to financial management, from customer management to campaign management, from procurement control to warehouse management, and ultimately the presentation of smart data-backed reports – SAP Business One handles each and every aspect of a small retail business. SAP acknowledges the fact that a small business might not have the technological bandwidth to customize ERP software with custom code or integration. Hence, SAP Business One makes sure that the ERP has all capabilities out of the box to handle the needs of retail businesses. As you can see, SAP does not ignore small businesses when it comes to ERP for retail businesses. Apart from SAP S/4 Hana, SAP Business One for retail industries makes sure that small retailers enjoy the same level of smooth process flow. Implementing SAP ERP Taking All the Best Practices Into Account A company’s success with an ERP system depends primarily on flawless implementation. The statistical fact that 70% of ERP implementations fail has now become a cliche. It is, therefore, extremely important that the ERP implementation partner takes all the best practices into account while deploying an ERP for retail companies. As an SAP-certified implementation partner, Silver Touch Technologies has a track record of 100% successful ERP implementation thanks to our over-eagerness in following the best practices. We follow a 5-step implementation strategy to ensure a smooth transition to the SAP ERP for the retail industry. Step 1: Bringing Employees On The Same Page We always say that implementing a new ERP – especially when the company has never had one before – can be similar to a cultural shift. And cultural shift always leads to resistance from a portion of employees. It is, therefore, important to bring most of your indispensable employees on the same page to avoid resistance to this cultural change. Our SAP consultants help our client’s employees see the big picture – beyond the temporary discomfort. Step 2: Requirement Analysis Some retail companies want their ERP to do everything for them; They want everything out of the box because they don’t have the necessary IT team to tweak the system. Again, some retail companies – especially those big ones – need to get as much out of their ERP system as possible. They want the power to customize their ERP system exactly how they want. Some retail companies have just one or two warehouses, while others might have more than ten per city. Some might need to integrate their ERP with that of the supplier. It is necessary to understand the requirement thoroughly before moving ahead and start implementing an ERP system. We at Silver Touch Technologies take this requirement analysis part very seriously. The implementation of an ERP system impacts every aspect of a business. Requirement analysis makes sure that this impact is positive rather than negative. Step 3: Taking The Budget Into Account Let’s not sugarcoat it. An ERP implementation is a costly affair. Before choosing the right ERP for a retail company, Silver Touch Technologies makes it a point to give an accurate heads-up regarding the costs that the company would incur while implementing an ERP and even after the implementation. SAP offers different variants of ERP. Some are budget intensive, while others are quite pocket friendly. The choice of ERP, the number of third-party integrations, and the number of add-ons – all depend on how much money a company is ready to spend. However, it must be noted that SAP has fairly democratized the ERP market by coming up with SAP Business One. As an SAP Business One partner, we feel happy when we see that even small businesses can compete with large, established retail companies thanks to the affordable ERP. Step 4: Looking at The Implementation From a Functional Perspective An ERP implementation might be in the purview of the IT team inside the retail company, but at the end of the day, it is the operations team that would be using the ERP system day in and day out. Hence, we look at the implementation and the scenario after the implementation from a functional perspective. We ensure that the operations feel at ease while handling their day-to-day operations using the ERP. Step 5: Phased Launch Shifting the internal processes in a company to a new ERP system almost feels like shifting the business to a new location. All these years, employees have been accustomed to a certain way of doing their work and navigating the processes in a certain way. If the shift happens all of a sudden, there is a higher chance of things going awry. Silver Touch Technologies is a proponent of a phased launch when it comes to implementing a new ERP. Conclusion Damon Richards once said, “Your customer doesn’t care how much you know until they know how much you care.” In this hyper-competitive world, it is almost impossible for retail companies to take care of their customers without using an automated ERP system that can optimize the customers’ journey at every step. Come, let’s give a personalized experience to your customers with ERP that’s made especially for forward-thinking retail businesses like yours. What is RPA in Marketing? To understand the potential of RPA in marketing, we need to explain first what is RPA. Well, Robotic Process Automation (RPA) is a cutting-edge technology that utilises software robots or AI to automate repetitive and predictable tasks that are traditionally performed by humans. This includes activities such as data entry, form filling, and customer service interactions. RPA can be seamlessly integrated with existing systems and applications to automate business processes, which leads to a reduction in errors and increased efficiency. The adoption of RPA has the potential to revolutionize various industries, including finance, healthcare, and customer service. By automating routine tasks, RPA frees up human employees to focus on more strategic and value-adding tasks, thus improving overall operations and reducing costs. Additionally, the technology has the ability to streamline processes and enhance the customer experience. In conclusion, RPA is a valuable tool that can provide significant benefits to companies that embrace it. In the current digital landscape, businesses are dependent on data-driven decision-making to optimize their core processes and reach their objectives. With the massive volume of data being generated and analyzed, companies are seeking ways to improve their efficiency, profitability, and streamline their work processes. This is particularly crucial in the field of marketing, where teams need to quickly analyze large amounts of data to devise effective marketing strategies that stay ahead of the competition. So, manual data analysis can be a tedious and time-consuming task. This is where Robotic Process Automation (RPA) comes into play. RPA in digital marketing streamlines the marketing department by automating the time-consuming process of converting vast data into actionable marketing insights. This quickens the decision-making process, giving organisations a competitive edge. How Can RPA Help with Marketing Tasks? RPA has become a popular choice for optimizing back-office processes, particularly in the fields of finance, human resources, and legal. However, its reach extends to front-office operations as well, like customer service, sales, and marketing. This is not limited to just customer contact points, but encompasses a wider range of front-end functions, particularly, sales and marketing. Let’s have a look at the key marketing areas getting the biggest boost from RPA.
A study by VentureBeat found that companies using marketing automation software see a 51% increase in qualified leads and a 76% increase in conversions. Ending Notes As the advantages of RPA become increasingly apparent, more organizations are realizing the potential for this technology to streamline operations, save costs, and allow employees to focus on higher-value tasks. RPA offers the benefits of digital transformation without the need for complex infrastructure integration, making it an attractive solution for businesses looking to improve efficiency and productivity. By automating routine, repetitive, and rules-based processes, RPA is becoming a crucial component of digital progress. But how meticulously well-informed your choice of a RPA managed services, can impact how much you make most of RPA advantages. |
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