#Integrated Visual Augmentation System Market Statistics

[amrutmnm]

The IVAS Market is valued at USD 1.0 Billion in 2024 and is projected to reach USD 1.7 Billion by 2029, at a CAGR of 11.1% from 2024 to 2029. The volume of aircrafts utilising the HMDs and NVDs in IVAS market is projected to grow from 520 (units) in 2024 to 1024 (units) by 2029. The market for IVAS has been estimated to account for a volume of 520 (units) of aircrafts utilizing the HMDs and NVDs in 2024 and is projected to reach 1024 (units) by 2029. The concept of IVAS integrates VR and AR technologies into a single system; this improves the level of situational awareness significantly for military personnel. IVAS is a combination of helmet-mounted displays (HMD), night vision devices (NVD), and AR/VR with other wearable technologies to develop a fully immersed interactive experience. The developed systems are ideal for uses in combat missions, simulations, and training exercises. Growing military budgets are fostering IVAS Industry development and procurement, as governments allocate more resources to advanced soldier technologies. IVAS bridges human and machine capabilities, enhancing visual tasks like depth perception and object identification. IVAS gives the user enhanced ways of interpreting and interacting with their environment by overlaying real-time data processing and display on the human eye, thus augmenting the natural capabilities of the human eye and fulfilling the traditional limitations of sight.

[shrutirathi226]

The Adoption of Visual Analytics in Retail: Enhancing Customer Experience and Sales

Introduction to Visual Analytics Market

The visual analytics market focuses on technologies that enable users to interact with and interpret data through visual representations. This field integrates data visualization, statistical analysis, and interactive user interfaces to enhance data understanding and decision-making. Key drivers include the increasing complexity of data and the demand for real-time insights across various industries like finance, healthcare, and retail. The market is evolving with advancements in machine learning, big data, and cloud computing, making it easier for organizations to extract actionable insights from large datasets. Companies are investing in these tools to gain competitive advantages and improve operational efficiency.

Market overview

The Visual Analytics Market is Valued USD XX billion in 2020 and projected to reach USD XX billion by 2027, growing at a CAGR of 22% During the Forecast period of 2024–2032.This robust growth is fueled by the expanding adoption of big data analytics, the rise of artificial intelligence and machine learning, and the growing demand for real-time data visualization across various industries.

Access Full Report :https://www.marketdigits.com/checkout/147?lic=s

Major Classifications are as follows:

By Component

Software

Services

By Service

Managed services

Professional services

Consulting services

Deployment and integration

Support and maintenance

By Business Function

IT

Sales and marketing

Supply chain

Finance

Human resources (HR)

Others (product management and shop floor)

By Deployment Model

On-Premises

On-Demand

By Organization Size

Small and Medium-sized Enterprises (SMEs)

Large Enterprises

By Industry

Banking, Financial Services, and Insurance (BFSI)

Telecom and IT

Retail and Consumer goods

Healthcare and Life Sciences

Manufacturing

Government and Defense

Energy and utilities

Media and entertainment

Transportation and logistics

Others

Key Region/Countries are Classified as Follows: ◘ North America (United States, Canada, and Mexico) ◘ Europe (Germany, France, UK, Russia, and Italy) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ South America (Brazil, Argentina, Colombia, etc.) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Major players in Visual Analytics Market:

SAP SE, Qlik Technologies, TIBCO Software, ADVIZOR Solutions Pvt. Ltd., SAS Institute, Oracle Corporation, MicroStrategy, IBM Corporation, Alteryx, Inc. among others.

Market Drivers in Visual Analytics Market:

Increasing Data Volume: The exponential growth in data generated by businesses and individuals necessitates advanced tools for analyzing and visualizing large datasets.

Demand for Real-Time Insights: Organizations need real-time analytics to make timely, informed decisions, which drives the adoption of visual analytics solutions.

Growing Adoption of Big Data: The rise of big data technologies and platforms necessitates advanced visual analytics to extract meaningful insights and trends.

Market challenges in Visual Analytics Market:

Data Security and Privacy Concerns: Handling and visualizing sensitive data raises concerns about data breaches and compliance with privacy regulations.

Complexity of Integration: Integrating visual analytics tools with existing IT infrastructure and data systems can be complex and resource-intensive.

High Costs: Advanced visual analytics solutions can be expensive to implement and maintain, which may be a barrier for smaller organizations.

Skill Gaps: Effective use of visual analytics tools requires specialized skills, which can be a challenge for organizations lacking in-house expertise.

Market opportunities in Visual Analytics Market:

Emerging Technologies Integration: Leveraging advancements in artificial intelligence, machine learning, and augmented reality can enhance visual analytics capabilities and create new applications.

Expansion in Small and Medium Enterprises (SMEs): As visual analytics tools become more affordable and user-friendly, SMEs represent a growing market segment with increasing adoption potential.

Real-Time and Predictive Analytics: Demand for real-time and predictive analytics is increasing, providing opportunities to develop advanced solutions that deliver actionable insights quickly.

Future trends in Visual Analytics Market:

AI and Machine Learning Integration: Enhanced integration with AI and machine learning will enable more sophisticated data analysis, predictive modeling, and automated insights.

Increased Use of Augmented Reality (AR) and Virtual Reality (VR): AR and VR technologies will offer immersive data visualization experiences, allowing users to interact with data in new and intuitive ways.

Growth in Edge Computing: The rise of edge computing will enable more efficient data processing and visualization closer to the source, reducing latency and enhancing real-time analytics.

Conclusion:

The visual analytics market is rapidly evolving, driven by technological advancements and an increasing demand for data-driven decision-making. Key drivers such as the growing volume of data, the need for real-time insights, and advancements in AI and machine learning are fueling this growth. However, challenges such as data security concerns, integration complexity, and high costs need to be addressed. Future trends indicate a strong shift towards more sophisticated, real-time, and immersive analytics solutions, with a growing emphasis on user experience and data integration. As organizations continue to embrace these technologies, the visual analytics market is set to offer significant opportunities for innovation and expansion.

[seonikitasharma99]

Fantasy Sports App Development Company: A Complete Guide for 2024

The world of fantasy sports has exploded in popularity, providing enthusiasts with an exciting way to engage with their favorite sports. As the demand for immersive and interactive fantasy sports experiences continues to grow, developing a robust and user-friendly fantasy sports app can be a lucrative venture. In this comprehensive guide, we'll delve into the essentials of fantasy sports app development in 2024, covering key features, technologies, market trends, and why partnering with DQOT Solutions can be your best move.

The Rise of Fantasy Sports Apps

Fantasy sports apps have revolutionized the way fans interact with sports, offering a blend of strategy, competition, and entertainment. These apps allow users to create virtual teams, compete against others, and earn rewards based on real-world sports performance. The appeal lies in the engagement and sense of community they foster among sports enthusiasts.

Key Features of a Fantasy Sports App

To ensure your fantasy sports app captivates and retains users, it should incorporate the following features:

User Registration and Profiles: Secure and seamless registration process with customizable user profiles.

Live Drafts: Real-time drafting capabilities for users to select their players.

League Management: Options for users to create, join, and manage leagues with friends or other users.

Player Statistics: Access to real-time player stats and performance data.

Scoring System: A transparent and customizable scoring system based on real-world performance.

In-App Chat: Communication tools for users to interact with league members.

Push Notifications: Timely alerts for game updates, player injuries, and other critical information.

Secure Payment Gateway: Safe and reliable payment processing for entry fees and payouts.

Social Media Integration: Easy sharing of achievements and league updates on social media platforms.

Admin Panel: A comprehensive backend for administrators to manage users, leagues, and content.

Technology Stack for Fantasy Sports App Development

Choosing the right technology stack is vital for the performance and scalability of your fantasy sports app. Here are some recommended technologies for 2024:

Frontend: React Native or Flutter for cross-platform development.

Backend: Node.js or Django for scalable server-side development.

Database: MongoDB or PostgreSQL for efficient data management.

Real-Time Data: WebSockets or Firebase for live data updates.

APIs: Integration with sports data providers like Sportradar, SportsDataIO, and FantasyData.

Payment Gateways: Integration with Stripe, PayPal, or Braintree for secure transactions.

Cloud Services: AWS, Google Cloud, or Azure for hosting and scalability.

Analytics: Mixpanel or Firebase for user behavior tracking and analytics.

Market Trends in 2024

Staying ahead of market trends can give your fantasy sports app a competitive edge. Here are some key trends to watch in 2024:

Esports Integration: Incorporating fantasy leagues for popular esports titles.

Blockchain and NFTs: Utilizing blockchain technology for transparent transactions and NFTs for unique player cards and rewards.

Enhanced Analytics: Providing users with advanced analytics and insights to make informed decisions.

Augmented Reality (AR): Enhancing user experience with AR features for live drafts and player interactions.

Localization: Catering to global audiences with multilingual support and region-specific leagues.

Why Choose DQOT Solutions for Your Fantasy Sports App Development?

At DQOT Solutions, we specialize in creating cutting-edge fantasy sports apps that deliver unparalleled user experiences. Our expertise in the sports industry, combined with our technical proficiency, ensures that your app stands out in a crowded market. Here's what we offer:

Custom App Development: Tailored solutions that align with your specific requirements and vision.

UI/UX Design: Intuitive and visually appealing designs that enhance user engagement and satisfaction.

API Integration: Seamless integration with leading sports data providers and third-party services.

Quality Assurance: Rigorous testing to ensure your app is reliable, secure, and bug-free.

Ongoing Support: Continuous support and maintenance to keep your app updated and performing optimally.

Conclusion

The fantasy sports market is poised for continued growth, making 2024 an ideal time to invest in a fantasy sports app. By incorporating essential features, leveraging the right technology stack, and staying attuned to market trends, you can create an app that captivates users and delivers significant value. Partnering with DQOT Solutions ensures that your app development journey is smooth and successful, providing you with the expertise and support needed to thrive in this dynamic industry.

Ready to bring your fantasy sports app idea to life? Contact DQOT Solutions today and let's create something extraordinary together!

[aiswaryam]

Pioneering Messages with Digital Signage LED Display in UAE

Posted On 29 Feb 2024

The Luminescent Horizon of Digital Signage LED display UAE

Unveil the captivating global of Digital Signage LED display UAE,setting the degree for a way those dynamic visual storytellers are shaping the destiny of conveying messages in a captivating and interactive way.

A Glowing Tapestry - Evolution of Digital Signage LED display UAE

Trace the evolutionary journey of Digital Signage LED display UAE,from static signs to the technologically advanced,interactive displays that are redefining conversation and engagement within the present day landscape.

Synergy in Illumination - Digital Signage LED display UAE

Explore the synergistic courting between Digital Signage LED display UAE.

Illustrate how this powerful duo transforms areas,creating immersive brand stories and seamlessly integrating technology with everyday lifestyles. 

Technological Marvels - Unveiling the Wonders of Digital Signage LED display UAE Technology

Delve into the technical marvels of Digital Signage LED display UAE show technology, deciphering terms such as pixel density,content material control systems, and interactive features.

Provide insights into how those functions decorate the effectiveness of Digital Signage LED display UAE

Applications Unleashed -Digital Signage LED display UAE

Explore the numerous packages of Digital Signage LED display UAE presentations acrosow those Digital Signage LED display UAE presentations are revolutionizing verbal es numerous sectors in UAE.From retail environments to public areas,highlight hxchange,advertising and marketing, and statistics dissemination. 

Leading the Illuminated Path - Top Suppliers of Digital Signage LED display UAE

Profile the leading providers at the leading edge of the Digital Signage LED display UAE revolution.

Detail their technological innovations, successful initiatives,and the precise services that role them as leaders within the digital display market.

Crafting Dynamic Narratives - Strategies for Leveraging Digital Signage LED display UAE Guide advertisers and types on formulating strategies to leverage Digital Signage LED display UAE.

Discuss content material advent, target audience targeting, and the combination of Digital Signage LED display UAE into complete advertising campaigns for optimum visual effect. 

Future Illuminations - Emerging Trends in UAE's Digital Signage LED display UAE

Cast a imaginative and prescient into the future of Digital Signage LED display UAEpresentations.Explore rising traits such as augmented reality integration, customized content material shipping, and sustainability tasks which are set to redefine the landscape of virtual visual solutions.

Illuminating Tomorrow - Digital Signage LED display UAE's Visual Renaissance 

Conclude through summarizing the transformative function of Digital Signage LED display UAE presentations in the UAE's visible narrative.

Emphasize how those Digital Signage LED display UAE presentations are not simply monitors but dynamic storytellers,illuminating day after today's messages in an engaging and technologically superior manner.

[aurumproptech]

Emerging PropTech Trends Shaping The Indian Real Estate Industry

Real estate, an age-old and sizable asset class, stands as a key indicator of economic health and is deeply intertwined with investor emotions. Over the years, the real estate industry has witnessed transformative innovations and is now poised for even greater growth with the rise of a new class of newly-wealthy individuals and the introduction of innovative business models, propelling India towards becoming an upper-middle-income economy. This presents exciting new opportunities within the real estate sector.

The Indian real estate industry has undergone significant growth and remarkable innovation in recent times. Statistics indicate that a staggering 95% of buyers commence their property search online, with 51% eventually making their purchase through digital platforms. Since the launch of the Startup India Campaign in 2015, the number of PropTech startups has surged from a mere 2 in 2016 to an impressive 1,400 in 2022. Projections suggest that the real estate sector will contribute 13% to the country's GDP by 2023, with an estimated market size of $1 trillion by 2030.

The emergence of PropTech has driven transformative changes within the industry. For instance, the implementation of the RERA Act has significantly bolstered regulations and buyer safety by fostering transparency in property transactions.

Now, let's delve into the prevailing trends reshaping the PropTech landscape:

Virtual and Augmented Reality: The advent of PropTech has revolutionized property viewing through the integration of Virtual Reality (VR) and Augmented Reality (AR) technologies. Potential buyers can now take immersive virtual tours of properties from the comfort of their homes, offering a realistic and interactive experience. This enhanced visualization aids customers in making better-informed decisions, thereby elevating the overall buying experience.

Artificial Intelligence and Big Data: The convergence of Artificial Intelligence (AI) and Big Data analytics is transforming data analysis and utilization. PropTech organizations can harness vast amounts of data, including property age, market trends, demographics, etc., to provide accurate insights that benefit both buyers and sellers. AI is also instrumental in handling customer queries efficiently and delivering personalized assistance.

Blockchain for Secure Transactions: Blockchain technology has emerged as a major trend in the real estate market, streamlining and securing property transactions. By leveraging blockchain's distributed ledger system, the process becomes more transparent, reducing costs and paperwork, and eliminating the need for intermediaries. This facilitates smoother transactions for all parties involved.

Internet of Things (IoT): The concept of smart homes is gaining significant traction in India. The Internet of Things (IoT) has led to the proliferation of smart home devices, such as appliances, lighting systems, security cameras, and voice-controlled assistants. These interconnected devices enhance comfort, convenience, and energy efficiency for homeowners. Integrated with property management systems, IoT also improves safety and reduces maintenance costs.

Shared and Co-living Spaces: Shared and co-living spaces are becoming increasingly popular among millennials and Gen Z due to their affordability and community-driven environment. PropTech platforms like Aurum and Nestaway offer real-time solutions through mobile apps and platforms, catering to the rising demand for such spaces.

Conclusion: PropTech is driving a constant transformation within the Indian real estate industry. The emerging trends in PropTech, encompassing VR/AR, IoT, and more, are reshaping the sector and fostering a customer-centric approach with enhanced transparency.

As PropTech continues to evolve, the Indian real estate industry can anticipate a more seamless and efficient future, benefitting buyers, sellers, and investors alike. Embracing these technological advancements and innovations will be essential for real estate businesses to meet the evolving demands of the new generation of property stakeholders.

https://bwdisrupt.businessworld.in/article/The-State-Of-PropTech-In-India/23-05-2023-477623/

https://elevationcapital.com/summit/insights/unlocking-value-india-proptech

Embrace the future of Indian real estate with PropTech innovations! Stay ahead by exploring emerging trends like VR/AR, IoT, and more, fostering transparency and a customer-centric approach. Join the transformation—seize the opportunity for a seamless and efficient real estate experience. Ready to shape the future? Explore the possibilities at https://www.aurumproptech.in/

[wamatechnology]

Unleashing the Power of Mobile App Development Services

Introduction : In today's digital age, mobile apps have become an indispensable part of our lives. From ordering food to managing finances, mobile apps have revolutionized the way we interact with businesses and services. Behind every successful mobile app lies a team of skilled developers and designers who offer mobile app development services to bring our ideas to life.

The Growing Importance of Mobile Apps : The exponential growth of smartphones has fueled the demand for mobile apps. According to recent statistics, there are more than 3 billion smartphone users worldwide, and this number is expected to reach 3.8 billion by 2021. With such a vast user base, businesses recognize the immense potential of mobile apps to engage customers, increase brand visibility, and drive revenue. Mobile app development company in USA have become a critical component of any business strategy, enabling companies to tap into this lucrative market.

Customized Solutions for Diverse Needs : Mobile app development services cater to a wide range of industries and sectors. Whether it's e-commerce, healthcare, banking, or entertainment, developers are equipped with the expertise to create tailor-made solutions to address unique business requirements. They collaborate with clients to understand their objectives, target audience, and desired functionalities, translating them into a seamless user experience. These services encompass all stages of app development, from conceptualization and design to coding, testing, and deployment, ensuring a polished and reliable product that resonates with end-users.

Expertise in Multiple Platforms : The mobile app development landscape is diverse, with various operating systems and platforms to choose from. Developers possess specialized skills in building apps for both iOS and Android, the two dominant platforms in the market. With extensive knowledge of programming languages such as Swift, Objective-C, Java, and Kotlin, they ensure optimal performance, smooth functionality, and consistent user experience across different devices. Mobile app development company in Atlanta also encompass cross-platform app development, leveraging frameworks like React Native and Flutter, allowing businesses to reach a wider audience without compromising on quality.

Embracing Innovative Technologies : Mobile app development services constantly evolve to embrace cutting-edge technologies. From integrating artificial intelligence and machine learning algorithms to implementing augmented reality and virtual reality experiences, developers stay at the forefront of innovation. These advancements enable businesses to offer personalized recommendations, predictive analytics, immersive gaming, and more, enhancing user engagement and retention. The expertise in emerging technologies empowers mobile app development services to create future-ready solutions that keep businesses ahead in the competitive landscape.

Enhancing User Experience and Engagement : User experience (UX) and user interface (UI) design are paramount to the success of any mobile app. Skilled designers collaborate closely with developers to create visually appealing and intuitive interfaces that captivate users. By focusing on usability, accessibility, and aesthetics, mobile app development company in Dallas ensure a seamless and enjoyable experience for end-users, driving higher engagement and fostering customer loyalty.

Conclusion : Mobile app development services are essential for businesses seeking to leverage the power of mobile technology. With their expertise in diverse platforms, custom solutions, and innovative technologies, developers play a crucial role in transforming ideas into reality. Embracing these services allows businesses to stay competitive, enhance user experiences, and unlock new opportunities in the dynamic world of mobile apps.

[efrost]

3D Visualization System Market to Scale New Heights as 3D Visualization System Market Players Focus on Innovations 2022 – 2027

Latest business intelligence report released on Global 3D Visualization System Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand 3D Visualization System market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are GE Healthcare (United Kingdom)

Hitachi High-Technologies Corporation (Japan)

Koninklijke Philips N.V. (The Netherlands)

Siemens AG (Germany)

Fujifilm Holding America Corporation (United States)

Agfa-Gevaert Group (United States)

Canon Medical Systems USA Inc. (United States)

Carestream Health, Inc. (United States)

CONMED Corporation (United States)

EOS Imaging (France) 3D Visualization System is a process of generating an image from a model by means of computer software. 3D Visualization System is an integrated platform for real-time, it is assisted digitally. The use of 3D visualization system is basically done during surgery. Therefore the market is driving due to the factors like growing demand for accurate diagnosis and effective treatment and in the healthcare sector for imaging modalities. While some of the factors like availability of other visualization alternatives is hampering the market growth. Key Market Trends: Growing advancement in technology Opportunities: Advancement in the healthcare industry has focused on people suffering from different diseases Market Growth Drivers: Growing demand of Advanced 3D Visualization for accurate diagnosis and effective treatment

Growing demand of advanced 3D visualization in the healthcare sector for imaging modalities

Challenges: Implementation of 3D visualization system is complex and time consuming The Global 3D Visualization System Market segments and Market Data Break Down by Type (Scientific Computing Visualization, Information Visualization), Application (Architectural & Product Visualization, High-End Video, Marketing & Advertisement, Training Simulation), Platform (Ultrasound, MRI, CT, PET), Technology (Cloud, Artificial Intelligence, Augmented Reality and Virtual Reality), End Use (Medical Care, Buildings, Ports, Others)

Presented By

AMA Research & Media LLP

[kritikapatil]

Visual Configuration Software Market Is Likely to Experience a Tremendous Growth in Near Future

Latest Report Available at Advance Market Analytics, “Visual Configuration Software Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth. The global Visual Configuration Software market focuses on encompassing major statistical evidence for the Visual Configuration Software industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Visual Configuration Software study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked. Some key players in the global Visual Configuration Software market are

Configit A/S (Denmark)

KBMax (United States)

Axonom (United States)

ATLATL Software (United States)

Threekit Inc. (United States)

Infor (United States)

Marxent-Patents Pending (United States)

Tacton Systems AB (Sweden) The visual configuration software provides the automation in creating customized products effectively according to the customer preferences and selected features. this software is integrated with the configuration models enabling the required configuration according to the functional, technical, and business compliances. With the help of visual configuration software companies can easily design the products via 2D and 3D visualization technology, some tools also offer the augmented and virtual reality functionality. What's Trending in Market: The Advent of AR/VR in the Visual Configuration Software for Easy Visual Configuration of the Products

Challenges: Troubleshoot and Update Related Issues with Visual Configuration Software

Market Growth Drivers: Growing Automation in the Industries for its Product Offerings

Demand for the Customisable Options in the Design of the Products

The Global Visual Configuration Software Market segments and Market Data Break Downby Application (Manufacturing, Engineering, Industrial Settings), Pricing Option (Subscription-based, Free Trial), Organisation (Large Size Enterprises, Small-medium Size Enterprises), Technology (Virtual Reality, Augmented Reality), Deployment (On-Premises, Cloud-Based), Features (3D Configurator, Virtual Photographer, Real-Time Rendering, 3D Asset Management, ERP & BOP Integration, Others) Presented By

AMA Research & Media LLP

[marcbeardslee]

Future-Shaping Technology Trends

Every industry is accelerating the adoption of emerging technologies. The industrial industry is being revolutionized by AI and 3D printing. Although the most useful effects of nanotechnology and quantum computing are still unknown, they are both promising technologies. Just a few of the technological developments influencing the future are listed here. Additionally, understanding about blockchain and IoT might be of interest to you.

More connected gadgets will exist as IoT technology develops. This will increase decision-making, lower expenses, and increase operational efficiency. Additionally, it will improve client satisfaction. The IoT is being impacted by a number of major developments that GlobalData has highlighted. We go over a few of these tendencies here. Let's look at a few examples to get a better idea of the potential of these technological advancements.

Low-power wide-area network connectivity: This new technology enables the connection of devices over vast areas at low bit rates. Additionally more energy-efficient, this technology is the best option for machine-to-machine communications. Satellites may also be used to power it. IoT devices with satellite power can report emergencies, make help requests, and log GPS data.

Applications of AI are becoming more and more crucial for contemporary businesses. Both market share and customer service should be enhanced. Companies must be ready for these technologies to succeed. In addition to data management and accessibility, processing resources, visualizations, development tools, and UI frameworks are some of the difficulties they must handle. The top AI technology trends to watch include the ones listed below.

In 2022, no-code and low-code AI interfaces will be used more frequently. Developers won't need to be experts in statistics and data structures thanks to these tools. Additionally, these platforms will enable smaller businesses to utilize effective AI technology without needing to engage a technical crew.

Blockchain technology holds promise for a variety of industries. The IoT, or Internet of Things, is a logical fit for the idea of a decentralized ledger. It enables the safest possible transfer of data between two or more devices. A recent poll found that 23% of companies intend to adopt blockchain in the future to secure their IoT-enabled products.

In order to meet the demands of the retail sector, numerous businesses are integrating technology. For instance, Facebook recently revealed its intentions to create the Metaverse, a virtual environment. A leading trend in blockchain technology, the Metaverse is already being used by many other businesses. However, this virtual reality system won't function without blockchain. Additionally, the technology can be applied to the retail sector to increase customer trust, retailer-supplier connections, and supply chain transparency. Several major corporations are integrating blockchain into their supply networks, including Walmart and Nestle.

Although the future is yet unknown, there are certain significant patterns that we can already see influencing augmented reality (AR). To start, augmented reality has the potential to develop fresh, immersive experiences. For example, it might develop into a platform for social interaction and be used to build virtual whiteboards and pinboards. Additionally, it might enable us to produce design documentation and even connect with our pals in virtual reality.

Consumers and developers are becoming more accustomed to augmented reality technology. For instance, a recent BRP study revealed that 48% of consumers would pick a business that offered augmented reality experiences over one that did not. The retail industry is also embracing this technology, with several large companies allowing customers to virtually try on clothing before making a purchase.

The internet will see significantly lower latency and exponentially faster computation thanks to the next-generation computing technology revolution. This will alter the way goods and services work and lay the groundwork for numerous new sectors. The main winners of this shift will be small and medium-sized businesses (SMEs). The use of next-generation computing systems will enable them to increase their productivity, efficiency, and innovation.

North America is predicted to take the lead in the expansion of next-generation computing until 2021. North America is well-positioned to gain from these advancements because of its sizeable population, robust organizational community, and growing industry base. This development is mostly being driven by the hyperscale server farms' rapid expansion in North America. The potential for this technology to increase consumer happiness is enormous. For instance, employing images can assist customers in finding things. Additionally, it can simplify applications and increase worker productivity.

Drone use is growing in acceptance across a range of sectors, including agriculture, law enforcement, and others. Numerous advantages of the technology include cost savings, accuracy, and adaptability. The use of drones has grown over the past five years and is expected to continue to do so in the coming years. Stakeholders who may be impacted by this new technology ought to be aware of how it operates and how to take full advantage of it.

Unmanned aircraft, called drones, can be flown remotely using a smartphone app or a remote control. They can be utilized for cinematography, aerial mapping, and surveillance. These autonomous aircraft can travel at great altitudes and quickly and efficiently reach far-off locations. Even though drone technology has been around for more than 20 years, in recent years, their use and awareness have skyrocketed.

A number of business advantages are offered by digital platforms, such as the capacity to customize client experiences, simplify workflow management, and enhance user interactions. Additionally, they can assist businesses in overcoming important issues including lengthy product launch cycles, vendor management workflows, and a lack of distribution channels. With individualized promotions, advertising, and dynamic web content, they can also enhance the client experience.

Key technologies, like the Internet, online markets, and internet giants like Google and Facebook, enable digital platforms. However, the lack of a common meaning for the term complicates the debate about digital platforms. However, the phrase often refers to a collection of online digital structures that manage social and commercial activity. This arrangement is based on a stable substrate, interfaces, and shared technology.

[refcco]

BATTERIES GONE WRONG – ASSESSMENT, MITIGATION, AND EXPECTATIONS

In the world of product safety, it could be said that there are two basic approaches to risk mitigation, proactive and reactive, with proactive being the preferred choice. Most would agree with the adage that “an ounce of prevention is worth a pound of cure,” but in truth, this oversimplifies the reality in which product manufacturers operate. As with most things in life, things are rarely black and white but rather a continuous spectrum of shades of gray. To this, there are many competing aspects in all commercial product ventures. Could you make a product that was fully reliable under all conditions? Perhaps, but the odds are that it would be a commercial failure as it would take an inordinate amount of time to produce and be prohibitively expensive. In today’s market, the traditional characteristics of safety, time to market, quality, cost, reliability, manufacturability, testability, and usability (to name a few) still apply. But these have been further augmented by more modern concerns of environmental impact, sustainability, social responsibility, and others. We mention these not to offer any judgment but only to note that the expectation that a product will perform flawlessly over its lifecycle is a difficult proposition given the myriad of competing needs. The battery industry is no different when it comes to satisfying market requirements. With batteries having become ubiquitous in our daily lives as the world has migrated to all things becoming portable, the challenge for providers of these products has increased. With the advent of high-energy, rechargeable lithium-ion chemistries, battery performance has dramatically increased, but so have the risks. No longer are battery packs simple devices. In most modern electronic products, they are better characterized as complex components of an integrated system with one key difference – most other components of such systems rarely have the ability to spontaneously overheat and burn (i.e., go to “thermal runaway”) with little to no warning, potentially resulting in personal injury, product damage, and the associated legal and market liabilities.

HOW DO WE ASSESS BATTERY SAFETY RISKS? In focusing on the safety risks, what are the options for risk mitigation in the battery space? Ideally, these begin early in the design phase. Clearly, there is no substitute for a good design using high-quality components. In the world of batteries, safety-critical components such as the cell, safety circuit, and passive protective devices such as fuses, positive temperature coefficient (PTC) devices, and other thermal devices are the initial focus. Mechanical considerations also come into play to help ensure that the cell is accommodated within its specified limits including levels of protection against reasonably foreseeable external use conditions. To ensure that such efforts are yielding the desired result, testing of both the components and the battery pack assembly is key, covering the aspects of safety as well as long-term reliability and performance. This testing should be initiated early in the product development process so that, if issues are uncovered, there is the time and flexibility to adjust the design, followed by retesting to verify the efficacy of the changes and to ensure that other problems were not inadvertently introduced. As the development process progresses, production samples should be built and evaluated to understand if manufacturing variations can create unanticipated safety risks. In many cases, this design-build-test-adjust process is performed by the component and battery pack manufacturers and is sometimes augmented by external testing laboratory resources. For more complex systems, the end-device manufacturer may also be involved early in the process to ensure system aspects do not negatively impact battery safety.

TESTING BATTERIES FOR REGULATORY APPROVAL As the design stabilizes, regulatory approval at the battery pack level is usually the next layer of risk mitigation. A key input to this process is the approval of the component cell as it represents the greatest single safety risk. Regulatory testing typically involves small sample sizes and is not meant to serve as a statistically significant sample size to find outliers in a large population but rather is meant to find gross issues such as design or process defects that have escaped detection in the early stages of product development. Common testing protocols involve a combination of electrical, mechanical, and thermal overstress. Some involve the application of faults to better assess the inherent safety robustness of the battery pack. Other tests attempt to evaluate the product for stresses that might be common to a specific industry or use case. At a minimum, battery packs will be tested to the transportation requirements found in UN 38.3. Testing to one of the 62133-2 series of standards (IEC, EN, UL) is also commonly performed and is required for regulatory approval in many global markets. Testing to such standards is usually conducted by accredited third-party testing laboratories with the end result being the authorized application of the testing lab’s mark to the product. This approval facilitates regulatory acceptance by government authorities and may also be a prerequisite for commercial entities such as retailers and distributors to offer the product for sale. Some approvals also require periodic post-market inspection of production facilities to ensure the design is still being manufactured as originally qualified. Infrequently, a testing laboratory or regulatory agency may mandate retesting when significant changes to the relevant test standards are implemented.

THE CHALLENGES OF BATTERIES AS END-PRODUCT COMPONENTS The discussion up to this point is intended as background for what is typically done in a normal battery pack product development cycle. The level to which these actions are implemented directly correlates to a base level of risk mitigation for safety events once the product is released into the market. This does not mean that there are any guarantees that there won’t be field problems, but the level of exposure is certainly reduced as more product safety information is proactively discerned and addressed. What if the battery pack is simply a purchased component and the purchaser was not involved in the design process and may not even have any visibility into the production of the battery pack? Similarly, what if the purchaser is procuring an end device that has an embedded battery pack? These are both very common situations for retailers and distributors who typically have very limited internal engineering resources. Certainly, buying such products from reputable sources and checking for the presence of the requisite safety marks is a good start, but is it sufficient? Modern supply chains are global. Therefore, discerning where a product was manufactured and by whom can be a challenge in itself. This means that regardless of the actual manufacturer’s liability, a retailer’s or distributor’s brand can be put in jeopardy by a single video posted on social media that quickly goes viral. How can product risk be mitigated in this situation? The general answer is to work backward beginning with production samples. A product teardown of new product samples by a knowledgeable third party can aid in assessing what risks exist with purchased products where the detailed design knowledge is not available. Although every product is different, an evaluation of a product from a portable energy safety perspective might include such items as: • Verification of any regulatory marks on the product. Was the testing actually done and is the regulatory status current? • Evaluation of insulating methods including their integrity and consistency • Evaluation of conductor sizing • Review of manufacturing quality indicators that might equate to latent defects • Review of the safety circuit or other protective devices for proper operation under abnormal conditions such as over-voltage, over-current, short-circuit, and under-voltage • Review of the charging circuit design. Does it subject the battery or cell to improper conditions? • Determination of the cell manufacturer and type. This also includes an assessment of whether the cell might be counterfeit • Cell examination (radiographs and/or CT scans), teardown, and construction analysis • Review of the mechanical design of the product in terms of its ability to protect the safety critical components • End-user instructions and safety warnings

WHAT ABOUT BATTERY PERFORMANCE ISSUES? In addition to a review of safety concerns, performance relative to competing market options should be evaluated through benchmarking. This is typically done in parallel with the safety review and is focused on how a user is expected to employ the product in expected use cases. Competing samples are drawn from the market ensuring that they are of the same price tier to ensure that the comparisons are valid. A custom evaluation plan is drafted and might involve visual inspections, functional checks, and even comparisons of long-term electrical or mechanical reliability. Many times, the criteria are drawn from marketing assertions as shown on the products’ packaging. Examples might include the number of hours that the device will operate in a given mode before needing to be recharged and how long that recharge might take. The evaluation can also go much further, perhaps considering the relative drop performance from a given height or the number of charge-discharge cycles before a loss of function is detected. As a general rule, safety concerns tend towards the absolute given the nature of such risks to people and property. Conversely, performance concerns lend themselves towards a more relative evaluation against other competing market options.

ANTICIPATING THERMAL RUNAWAY RISKS Given the above processes for minimizing risks through proper design or post-production design evaluations, are there other proactive risk mitigation actions that warrant consideration from a product safety perspective? Consider this – even if all of the above steps are followed with the best of intentions, what happens if things still go wrong? More specifically, what is the effect to the end product and nearby users if a cell goes into thermal runaway when the device is in use? Second, what happens if a cell goes into thermal runaway during the transportation and shipping process? Most designers can only guess as definitively knowing what happens is rarely directly investigated. To answer these questions, there are two general methodologies. Simulation is an option but requires very advanced electrochemical and thermal modeling. Our experience is that this tends to be cost-prohibitive for most organizations and thus is only seen in relatively large companies where such expertise is available in-house. What about direct testing? Like simulation, it has barriers for implementation as well, the most obvious being concerns related to personnel safety and expertise, as well as having the appropriate facilities to provide the proper test containment of high-energy events while being able to document their effects. With the right facilities and expertise available, a determination must be made about how to force the cell or battery into thermal runaway. Overcharging and surface heating are two common methods, although the design of the product and the chemistry of the cells will guide what method is most appropriate. Other considerations for such testing involve what data is to be collected and how. Video evidence is considered by most clients to be the most useful. It should be further supported by appropriate logging of relevant temperatures and possibly other product parameters, as well as forensic documentation of the actual effects to the end-product. Once again, the goal is to use the information obtained to determine if design improvement should be made to minimize the chances of personal injury or property damage during a thermal runaway event. Although the above is presented in a relatively clinical fashion, the danger of injury and property damage is very real. Depending on the energy level of the particular sample, an exploding cell can produce temperatures above 1200 °C (2192 °F) and deadly shrapnel particularly in the case of large-format cells with metal cans. Readers are strongly cautioned to not attempt such testing without the proper expertise and containment equipment.

THE IMPORTANCE OF FAILURE ANALYSIS Designing and testing cells and batteries properly from a safety perspective, including understanding the impacts should a thermal runaway event occur, are the best risk mitigation tools that we have at our disposal. Even with those best proactive efforts, things will still go wrong. The real question is how often. True failure rates for cells and batteries are not publicly available as companies keep such information confidential. But anecdotally, high-quality lithium-ion cells have a rough order of magnitude (ROM) failure rate somewhere around 1 in 10 million, while lesser quality cells are likely to have poorer field performance. With over eight billion cells being produced globally every year, the math is inescapable that bad things will happen. These factors make clear the importance of using retrospective methods to gain insights into what happened, how it happened, and why it happened. These methods collectively fall under the heading of lithium battery failure analysis. Failures in the field can happen at any point in the battery’s life cycle and can vary significantly in severity and frequency. Responses to such issues also vary accordingly, ranging from simply replacing a product under warranty to retrieval of the product for a full forensic evaluation. For minor issues, it may be determined that a product change is not warranted. Conversely, safety issues may mandate a full product recall and rework of the design. In the end, failure analysis actions provide after-the-fact knowledge for organizations from which to make decisions that will impact future risk.

THE VALUE OF THIRD-PARTY EXPERTISE Like thermal runaway testing, cell and battery failure analysis involves expertise, processes, and tools that may not be readily available to most organizations. Because of the uniqueness and the infrequency of need, expertise tends to be primarily resident in third-party test labs that specialize in portable energy. Conducting cell and battery failure analysis through an expert third party offers a number of benefits, including: • Reduction of personal bias: A third-party test lab has no vested interest in the outcome of the analysis, nor do they have intimate knowledge of the product or company’s history. • Independent verification: A third-party lab can help to independently verify the findings of an internal team or a supplier. • Resource utilization: As noted previously, field safety events are generally an infrequent occurrence. Having an internal team staffed with the proper expertise and equipment to respond to such a rare event is generally not possible or even desirable. • Diligence: In the most severe of cases such as potential product recalls, it may be valuable for the company to have an independent party involved to minimize negative perceptions regarding objectivity. • Focus: Having failure analysis conducted by an external party may permit the company’s internal teams to remain focused on the day-to-day operations of their mainline business. • Process rigor: An external testing lab will have already developed the processes and methods for orderly evaluation and documentation of field failures, with specific expertise in evidence preservation. • Breadth of experience: Because of their focus on failure analysis spread across multiple clients over time, a third-party testing lab will generally have a wider range of technical experience when it comes to what constitutes typical versus atypical findings.

WORKING WITH A THIRD-PARTY EXPERT When working with a third-party failure analysis provider, you will be asked to provide more than the failed unit to facilitate the investigation. It is important to be as open and honest as possible. Your provider should be accustomed to handling confidential materials and should be willing to work under a non-disclosure agreement (NDA) to protect all proprietary information. In terms of the supplemental information, basic product information is the starting point. This might include specifications and similar documents to support the work along with any relevant details regarding product history. These will not be used to prematurely assume conclusions, but rather to supplement the physical evidence and help prioritize the investigatory efforts. Information on the specific unit along with incident details are also very important to piecing together what happened. How was the unit configured? Was it operating in a particular mode? Did the unit demonstrate anything unusual prior to the event? It is best to provide all of the information that is available and let the failure analysis team draw their own conclusions regarding relevance. It is important to realize that as the investigation moves forward, the relevance of such information may change as more information is learned. The actual failed units will need to be delivered to the laboratory. In this situation, more is better. It is possible that there may be multiple failure modes at play and having additional samples may help to isolate these. It is also important to preserve the evidence as much as possible by limiting unnecessary handling, examining, or actual tampering which might further damage the unit and lead to erroneous findings. Proper packaging is a must. It is best if all components of the reported system can be provided, i.e., the failed cell or battery, the end-device if applicable, charging devices and cables, etc., as it is possible that the root cause of the failure may have been external to the cell or battery that failed. Samples should be marked or segregated so that it is clear which components go together. In addition to the failed systems, it is also good if a fully functional new system can be provided for purposes of comparison. What should you expect from your third party expert? Every investigation is unique, and your provider should work with you to generate a project scope that meets your needs, and they should limit their efforts to that scope. Considerations include specific concerns, communication frequency, deliverables, and budget. Be aware that the actual work of failure analysis involves a mix of analytical tools such as fault tree analysis (FTA) combined with empirical methods such as x-ray imaging, CT scanning, optical microscopy, product dissection (battery pack and cell teardowns), quantitative measurement, circuit testing, and replication testing. Not every tool is appropriate for every situation. Your provider will provide guidance on these technical aspects. In the end, your provider should provide your team a clear, unbiased analysis report that details the investigation and its associated findings. What should you not expect from your provider? First, don’t expect speculation. This is a “just the facts” activity. If the evidence doesn’t support it, your provider shouldn’t be offering it up. Second, keep in mind that not every investigation yields the root cause or even the true failure mode. Depending upon the condition of the evidence and nature of the incident, it simply may not be feasible to reach this level of understanding. Conversely, the efforts may seek to eliminate likely root causes thus narrowing the possibilities. Third, don’t expect your provider to tell you if this issue will repeat in the future. A risk analysis to predict the likelihood of future failures requires a different set of information, although data from the failure analysis investigation may serve as key inputs into that analysis. Finally, don’t expect your provider to tell you what actions to take, although the root cause data from your provider may serve as a basis for your team to make those decisions.

FINAL THOUGHTS In conclusion, there is a wide array of proactive and reactive steps that can be taken to minimize and mitigate product risks associated with modern lithium-ion cells and battery packs. On the front end, these include the proper design for safety, use of high quality cells and components, thorough testing from the component to the system level to include thermal runaway evaluations, and third-party certifications where appropriate. When problems do occur in the field, consider the engagement of a reputable third-party failure analysis organization that specializes in cells and batteries. Their team of experts can help to assess what happened, how it happened, and possibly even why the incident occurred. In turn, your organization can use this information to objectively determine appropriate responses, both immediate and longer-term, to mitigate risk to your customers, your product, and your brand.

[punkgaming847]

How to block blue light when gaming

Gaming Grabs The High Score On Twitter

Twitter is where game publishers, the gaming media, popular game streamers and entertainers, esports leagues, teams, players and commentators interact with their most engaged fans and with one particular an additional. So what's with the lack of inclusion in the gaming world? In addition to the frequently hostile planet of desktop and console games (see the GamerGate controversy as just one particular example), there is nevertheless somewhat of an market perception that women simply do not play video games. But, that is far from correct - females are in fact gaming additional than ever before, specifically on mobile.

They offer you a wide range of digital games that their buyers can play on the favourite platforms such as Pc, Mac, Sony Playstation and Nintendo. Operating straight with more than 500 publishers, developers and distributors, they offer you gamers in 190 nations a massive catalogue of multi-platform games at competitive prices. Green Man Gaming is an official distributor of Sony PS4, Nintendo, Steam, Uplay, Rockstar Social Club and lots of a lot more Pc platform products.

Luca is working in the field of gaming for 6 years, initially as an indie a single-man-team junior developer and, the latter 5 years, as gameplay programmer and application architect in a business where he created video games for all key mobile platforms, Computer, Steam, PS4 and Xbox One particular, as effectively as minor gaming consoles, growing as a qualified. Not too long ago he founded Twin Wolves, an indie video games development studio, exactly where he's the CTO.

Paul: In 2009, the concept for Green Man Gaming came about when we were taking into consideration exactly where the games marketplace was going to go and what was going to occur next. There was a powerful small business model in trading in games in the market and there was the commence of the move to a completely digital marketplace. The coupling of these two industry mechanisms have been supported by research from London Business enterprise College showing that a customer's propensity to purchase is heightened when supplied the selection to trade-in a solution or recoup some of its value. So the massive idea” was to combine digital and trade-in into the same platform, successfully being a retailer and a marketplace on a single international digital platform.

Due to mobile game improvement outsourcing , the most up-to-date indie games produced by smaller studios or individual programmers get lots of attention and good feedback from each players and journalists. With the support of application outsourcing firms, each particular person, with suitable understanding, can produce and market gaming apps without the need of any obstacles.

1 of the most effective features of this WordPress theme is the fact that is ready to go. You can simply install the theme files then use the a single-click importer to get your WordPress-powered gaming web site on line. Nevertheless, if Pc gaming blog there is something about this theme and your web-site you'd like to modify, that's not a difficulty either. By employing the integrated Visual Composer plugin, you can open up any of the demo content for editing, all via a drag-and-drop user interface.

Just how To help Rotate Your ACTIVITY From Nothing To Hero

Paul: Our company model is growth focused and we cover 3 important areas in the gaming industry. Firstly, we're a international e-Commerce shop selling more than 7,500 games from 450 publishers in over 190 countries to millions of gamers. Secondly, Green Man Gaming has a thriving community who go over and track their game achievements on our community platform. This information combined with the industrial data of the retailer provides Green Man Gaming a considerable depth of information of our consumers. Lastly, we have a publishing arm that helps developers publish their personal games and bring them to marketplace, supporting them each and every step of the way. The fusion of Green Man Gaming's e-Commerce store, a powerful neighborhood generating billions of data points and publisher assistance sets us apart from our competitors.

It really is February! In 2017 that implies that we get six extra weeks of winter AND your yearly dose of video game statistics and trends. We're taking a look at major events and shifts in the gaming market and taking into consideration the current state of gaming. Take a peak, or stay for a week! All statistics are thoroughly researched. See sources at the bottom of the page for additional information.

Nintendo 64 and PlayStation ushered in a new era of gaming. Polygons replaced pixels, and 3D rendering entered into the gaming vocabulary. Retro gaming hits like Crash Bandicoot, Mario Kart 64, and 007: Goldeneye pushed the limits of technologies, and created the most realistic virtual environments noticed up to that point. We also have some retro games for systems that could possibly not feel as old as they are, like PlayStation 2, Nintendo GameCube, and the original Xbox.

Design patterns: To retailer information in DynamoDB, gaming firms partition game state and other player information applying player ID, and use the crucial-value access pattern (1:1 modeling). In instances when much more fine-grained access is called for, these organizations use a sort essential (1:M modeling). This enables them to access and update diverse properties or subsets of a player's dataset separately. This way, they don't have to retrieve an entire dataset. In this strategy, a number of items that retailer diverse properties can be updated transactionally by applying the DynamoDB transactional API Some businesses compress user information to cut down price. PennyPop, for example, utilizes gzip to compress player data and shop it as a base64 string, lowering the player data to ten % of its original size.

So, to assistance you monitor and fix these troubles, we've selected some awesome WordPress Gaming themes we can personally recommend. They are extremely accommodating to a wide range of purposes for your sites. For your convenience, we've highlighted all their core features, regions of usages and important variables for these amazing gaming themes. In addition, the list also includes excellent no cost WordPress gaming themes so you can start off your gaming web-site with minimal charges. So without having further ado, let's take a appear at our list of each premium WordPress Gaming Themes and totally free Gaming WordPress themes.

Ask oneself why you are considering starting a gaming weblog or youtube channel? If it really is due to the fact you think you have what it requires to be the subsequent PewDiePie or DanTDM (or TheTechieGuy ), then you happen to be not alone. Even so, your major purpose should really be that you have an overwhelming love for gaming. It doesn't hurt to have a fantastic voice and a thing to contribute to the gaming network. (Of course, the perks ain't bad when they start off rolling in, either).

The gaming business saw a number of exciting developments in 2016 touching on various aspects of the sector. Gaming technology is building in really exciting ways. The extended promised revolution of virtual and augmented reality moved closer to realization. The mania about Pokémon GO with its mass market place appeal and utilization of mobile phones introduced untold millions to the potential of augmented reality. With its launch in India and South Asia it has develop into the poster kid for the possible of mobile games given its sophisticated technology and the enormous international smartphone penetration.

However, there is no want to do an world wide web search or study the latest in anonymous game testimonials. Under, we have collected the major 30 mobile gamer blogs to enable put you in touch with the most current and greatest in gaming, along with recommendations for what to get subsequent, how to beat it, and what to keep away from. Regardless of whether for the most current iPhone or classic Gameboy, there are loads of mobile gaming blog entries for everyone.

We use our GeForce Knowledge servers to establish the greatest good quality settings based on the user's CPU and GPU, and target greater frame prices than 'normal' optimal settings to assure the lowest latency gaming experience. These settings are automatically applied when the game is launched so gamers never have to worry about configuring these settings themselves.

[sivakoni-blog]

Guide To Selecting The Right CRM Software

Customer relationships are imperative to the success of a business. Making an effort to establish an enduring and positive relationship with the customers will help in generating significant profit. However, negative customer relationships can be cataclysmic for your business. This is the reason why CRM or customer relationship management software is no longer optional for your company’s success. What is CRM Software?

CRM Software will enable you to save, as well as manage information about the existing and potential customers. With the help of this, you can provide service to existing customers and bring in more business from them. Also, CRM can turn prospects and leads into new customers. The software is a database helping you to handle and oversee your communication and contacts. All you have to do is enter information about your prospects and customers where CRM software keeps a track on the excellent points.

CRM software can organize your marketing inputs, oversee the sales pipeline, and assess how much time it will take to close any deal. It keeps a check on the interactions of the customers with the business, automate the customer service. CRM software has been the most successful and figures out which product is selling the best.

However, choosing the appropriate CRM system is an arduous task. You will find many tools in the market available within varying functionalities and price range. This stresses our sales team management directors who are responsible for getting the perfect software for the business. A wrong decision can be significantly disadvantageous for the sales team. To make the right decision, you can follow the tips given below. Check Your Business Statistics

Irrespective of why you are getting, the first pointer to keep in mind while choosing your software is your immediate need. The extra features might appear like something that will serve as an incredible addition to your business, but if your team doesn’t need it, you should consider if you are using the budget justly. Most often, you will find that these additional features are only increasing your budget.

Thus, you should look at your business statistics and find your current requirements. Given below are a few features that a sales team requires for developing a foundation.

Contact Management:

CRM customization should come with features for extensive contact management. With this, you will get the right solution to search, filter, group, and also add any relevant record directs to the contact list.

Pipeline Management:

Sure, you can check out raw data to find out what the goals your sales representative are expected to achieve in the present month. The problem is, this is going to consume a lot of time. Pipeline management can be a great solution as it will visualize all the sales funnel in a jiffy. It can also check how your leads are progressing from one stage to the next. Thus, it becomes easier to gauge.

Analytics and Reporting:

It is an essential way to keep a track on the performance of the sales team as a whole and as individuals. With analytics and reporting, you can easily find out who requires additional coaching. Again, this helps with anticipating sales. Get Your Sales Team Onboard

Usually, it is the sales director deciding on CRM. It is highly convenient for them to decide on what they feel the team requires. However, if you don’t involve your sales team in the process to choose CRM might cause more problems with the adoption of it later on.

When you decide what CRM is best for your business, you need to discuss with your sales team. Talk to them to learn about the features that they think will help in performing their duties efficiently. After that, their requisites with various services and the features they provide. This will enable you to choose the best CRM for your business that will help your sales team to adapt to it faster.

Identity the Insights You Need :

No doubt, you can easily get caught up by the state-of-art features that are provided by sales CRM. You might feel that you need follow-up analytics or advanced marketing and sales operation, referral tracking, or call-center tracking even before the business requires them.

When you assess a feature, you should always ask yourself if it will help the sales team faster and in a better manner. The figure, you’re your primary goals. Assess what achievement of the target means and then pair up this action to the feature of the CRM. Your primary goal is to get back to the inquiries made by the customers faster. So, you ask yourself how you can do this. Asking you this question will help in finding out an actionable goal that can be tied to the CRM function.

Examine How It Will Improve Your Business Efficiency

You have to make sure that the CRM software you are choosing will cater to the growing requirements of the business and improve its efficiency. For instance, with time, you are going to add sales channels to the company. You will have to determine if it will be able to handle the new customers are generated from the augmented sales. It is only one of the many examples where your CRM has to keep up with your changing business requirements.

There are some CRMs to be found in the market which are relatively comprehensive in regards to scope and scale. However, it might be challenging to work with them. You need something which will smoothen the sales cycle and gives you quick access to relevant intelligence. This will help in speeding up the decision-making process and make it result-oriented. Hence, you should find a CRM that will increase your business productivity and enable your employees to be more productive in customer support effort and sales. It is better to steer clear from the software which can slow you down.

Choose a Time-Saving Program :

One of the principal advantages of CRM software is that it saves time. The process to communicate with the customers speeds up. Thus, you need to make sure that whatever you are choosing will help in accomplishing your goal of saving time.

Ability to Automate :

The best feature of CRM software which helps in saving time is automation. For instance, there Infusionsoft is a solution which can automate communication with leads as to who might require more nurturing and time to decide on something. Thus, this CRM automation enables a salesperson to focus more on the customers who are already ready to purchase something or require their queries to be answered.

The product marketing manager Tyler Zeman of Infusionsoft had commented that it is one of the features that a small scale business do not often consider when they look for the right CRM product. However, the company who use it once, appreciate it.

Integrations :

One of the most critical components of a CRM software for a business is the integration. Your sales team might require different features or systems for functioning effectively. In case you are unable to find software which has all of them, you have to search for one which will work on multiple systems.

For instance, in case your sales team is using Zendesk to the ticket, you can pull all the information to the CRM pretty quickly. Even though the marketing team doesn’t usually work inside the CRM system, it will connect to the other marketing platforms to provide you with optimization and better reporting.

Affordable Price :

The cost of the CRM software depends on the deployment methods and the subscription plan. However, these days, all cloud-based CRM solutions are available at an affordable price. The cost of the software is one of the prime considerations when choosing CRM software. Many tend to ignore this thinking that there is a lot of items on the checklist. However, you need to have patience. Go through the list and narrow down the features you require and prepare a budget. Keep in mind that this is your one-time investment, and you have to plan wisely.

Keep in mind that choosing a product with the lowest cost might not be the ideal course of action. It is necessary to consider the pricing model, which will be suitable for your business. Some of the providers look for up-front cost, while others come with monthly fees. Be careful of the one with a hidden cost. You will find providers who have a pricing model which makes it appear as if you are paying fewer fees but charge you various other taxes on the side. You need to make sure that what you are paying for.

Try Before Buying :

After you narrow down your choice of products based on the features and the cost, you shouldn’t buy a product before you try them out. A majority of the CRM software providers have free full-featured demo versions. It is better to use them to feel your way around these. This will help you to find out if these have easy navigation and intuitive features. Since it is the demo version, you do not have to worry about the cost or the strings attached. You can determine if it is suitable for your business and caters to its requirements. In case it does, you can quickly move on from the demo version to the paid ones. However, if it doesn’t, you can simply opt-out of the demo version and try out the other options you have at hand.

Make Your Purchase Decision :

Congratulations! You have successfully chosen CRM software, and your business is on the way to progress. Now, you have to find the right vendor, which is essential for selecting the CRM. It is necessary to have every detail about the vendor available to you. This should include their expertise in the domain, experience, partnerships, and clients with tech companies with the big-ticket. You have to be confident about whom you are purchasing from or a software provider you are subscribing.

However, you should always focus on your future and now. Check out the current requirement and the budget of your business, but you also make sure that it will be valuable to you in time to come. If you have taken the right decision, you will progress beyond the CRM. You might require some advanced features which come with a more significant price point. Sure, you can switch your CRM, but it is better if you don’t. This can turn out to be expensive for you. Also, it will consume a lot of time. In turn, it will bring down the productivity of the sales team.

Rather than opting for a new CRM, you should look for bigger priced tiers. Get in touch with the vendors to find out what will happen if you outgrow the price point offer that you are considering. Keep in mind that you should choose a CRM which will grow with your business. The software should allow extra services to be added on a provisional basis or update the features provided if you reach a point when a more significant price point is needed. In short, you need to keep an eye on the present and the future. Consider how the services are going to help in meeting your goals as you outgrow the next business stage. Conclusion

Following the steps above is going to get you started. However, you are not done. It is just the beginning. When you are done purchasing the software, dedicate someone from the team to the business power use. Also, you need to configure the software to correlate with how you are selling. Your team has to be trained. There are some software companies which will provide you training. Ultimately, you need to have someone who will ensure that this new way of doing business sticks and improves user experience.

[qoreboard-blog]

Qoreboard ignites way to boost productivity and happiness with employees

­­On January 1st of 2019, Mike Midgett, a marketing and communications leader and Jeremy Johnston, a digital technology leader in the Houston area, launched what could be one of the most disruptive technology companies of the year. Focused on developing a tool that leads to better performance from employees by inspiring them to win, Mike and Jeremy created Qoreboard to assist managers in developing their staff in a fun and culture-focused way.

For the past 25+ years Mike Midgett has been an executive for some of the biggest telecommunications and industrial companies in the world. As a sales, marketing and culture leader for these companies, Mike worked with teams to develop both external and internal marketing campaigns that focused on acquiring customers and bringing on the best talent to grow the business. During this time, Mike saw a universal flaw that was hindering growth of employees across each company. Midgett realized that often, companies promoted their top performers to manage teams in hopes of replicating that individual’s success on a larger, more profitable scale. The consistent problem with this is two-fold. You immediately lose your top producing employee since they are no longer speaking directly with customers and you are left with an ill prepared manager who doesn’t know how to get other people to do what they can do naturally. Mike saw that newly promoted Managers were rarely trained on how to lead and communicate effectively with their teams. These individuals obviously knew how to build business and hustle, but beyond that, were never trained on how to duplicate their formula for success. 

Throughout Mike’s career, he continued to see the same communication pain points in every company he worked for. He knew there had to be a way to support these managers in a way that brought better communication, success, and overall transparency between them and their teams.  So, in 2018, Mike decided to follow his passion and began formulating a plan to fix this problem. His first step was to find a technical partner with experience in building large scale software systems. On a whim, Mike reached out to his neighborhood Facebook group asking for resources in the tech space. That’s where Mike met Jeremy Johnston, a former Amazon Application Engineering Manager, with exactly the right skills Mike was looking for in a partner. The two hit it off and immediately began whiteboarding their future product. When Qoreboard finally launched in 2019, Mike and Jeremy secured 1.6 million dollars of seed investments and brought on a team of developers and designers to create a tool that assists managers with employee communication, while also giving the users daily goals to achieve in the workplace.

Qoreboard is essentially a goal-focused platform for any employee at an organization to use to transform their day-to-day activities into goal-driven performance. So how does this work? From a user perspective, when you clock-in for work at the beginning of your day, the first thing you see on your computer is your Qoreboard. The web-based platform shows you three main datasets to assist with overall performance. First, you can see visuals on how you have been performing each day, giving you the ability to hone in on where you can grow. Secondly, you can see what goals you are set to achieve that day. The best part about this is as you get closer and closer to achieving your goals, Qoreboard will send you notifications on where you are in a positive and motivational manner. Lastly, Qoreboard gives managers the ability to send personal messages to employees and automates the process by recommending the right message to send at the right time to the right employee. This is an amazing feature that gives leadership the ability to congratulate, motivate and train their team as each day progresses while automating the work and making it easier for the leader to do their job more efficiently. Qoreboard is meant to be a tool that assists and augments the job of any leader at any level. As a manager you can also see real-time success data from your team to have a higher level of performance statistics.

Since rolling out Qoreboard this year, customers that have implemented the platform have already seen a massive improvement in sales, internal communication and employee retention. ThirdLove, a rapidly growing woman’s apparel company based out of San Francisco was an early adopter of Qoreboard for their customer contact center and has seen massive success in using the platform. With hundreds of Fit Stylists working in their center, Thirdlove needed a way for management across the country to be able to communicate with the employees and set goals for them to achieve. Qoreboard has been pivotal in this equation, giving each employee at ThirdLove the ability to know where they are each minute of the day, and focus on ways to outperform their goals in a healthy manner. As ThirdLove continues to expand their implementation of Qoreboards across their company, Mike Midgett and his team have continued to build out the system to support all their customers on every platform possible. Not only will the mobile version of Qoreboard be coming out next month, the system also integrates with dozens of third-party platforms, making it a true end to end solution.

Mike and Jeremy are proud to call Katy, Texas home and look forward to continuing to build Qoreboard’s headquarters there, with the hope of growing a tech-hub in their city.

For more information on Qoreboard and how it can add value to your business, check them out at www.qoreboard.com

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20 Biggest Sales Trends in 2019

The world sees new brands appear every day, which only makes it more difficult for striving commercial players to successfully sell their stuff. To help you out and direct your business in the most profitable way, we compiled this list of the most popular, yet accessible trends impacting the sales profession right now. Some of them have been basking in wide popularity since 2018, while others have only shown the efficiency in the niche recently.

Sales Trends in 2019: Our Choice

Without further ado, here are the top twenty trends in the sales industry to get your sales and income rates up to a new level in 2019.

Use CRM as a true enablement tool

The implementation of a CRM (Customer Relationship Management system) stays among the biggest trends right now in any digitalized business niche. This tendency is so significant it gradually turns into a ‘must’. Such systems help to automate stages of interaction between clients and a company – from the initial call-up to the product shipment. CRM is a type of software solution that stores all the data on clients, their orders, and each sales funnel stage in one centralized database.  

By integrating such a system, you may increase the number of clients that can be serviced simultaneously without the need to expand the staff of sales managers, as well as boost the quality of service in general. All you have to do is add a bit of personalization and exclude the risks of workflow errors.

Be closer with marketing

One of the main issues business owners with a solid experience face is the conservatism and tunnel thinking when it comes to the promotion of their goods or services. Such tendencies don’t go well with the demands of modern consumers, whose wishlists are replenished with more and more innovative, peculiar products.

In order for a brand to keep up with the demand, you must stay up to date, pay attention to all the B2C and B2B sales trends and never neglect a qualified help of expert marketers (you may go for outsourcing if you need to save as much as possible). Keeping a steady hand on all the promotion aspects, you will definitely be able to stay afloat on the market and even go for the leading positions on the arena.

Embed sales automation

Sales automation doesn’t only mean the integration of CRM. Everything related to the sales process optimization with the software and/or hardware means falls under this category. In particular, world-renowned Amazon has been using drones for the goods delivery and other specialized solutions based on the IoT to properly adjust the transportation conditions.

You can also try to realize something similar or at least go for the special software that would help you optimize business sales chains at the command of your in-house logistics specialists.  

Focus on selling to Millennials

Millennials – people that were born after 1995 – are the representatives of a ‘new and advanced’ generation that is, mostly, literally obsessed with new trends in IT. You can and should use this knowledge when developing a unique marketing strategy.

Perhaps, you can expand your selection of goods with hi-tech innovations. Or present the existing items in an updated, trendy format (like IKEA did some time ago by launching a separate dedicated augmented reality app).

Find the growth in micromarkets

Micromarkets are a type of retail arenas that are based on self-service. These include vending machines or manual service touchpad panels in stores and fast food restaurants.

This is the most comfortable way to make purchases for the majority of people out there. It is care-free and available at any time. Micromarkets help to eliminate resellers, too, which makes the realization of items cheaper and easier overall.

Try to understand social selling

Social selling is a new approach to sales processes that allows staying in tune with clients over extended periods. For instance, this can be a set of marketing techniques that don’t target nonrecurring purchases motivated by the demand creating efforts (e.g., calls to action like ‘click here’ and ‘buy now’). In the essence of this solution, lies a long-term plan that focuses the establishment of reliable connections. With such an approach, the relationships between you and your loyal clients can go beyond the mere ‘buy-sell’ routine. They are built upon the principles of trust and understanding.  

Social selling can be mainly covered by SMM – Social Media Marketing – brand promotion through social media channels. Nevertheless, you shouldn’t neglect opportunities. Use other points of contact with your TA as well; for instance, you can distribute some free samples, organize polling, etc.

Use a strategic approach to sales enablement

Try to work out a certain sales-attracting plan. It can some common marketing strategy customized according to the specialty of your business or something more individual, developed strictly for your niche.

Any strategy would consist of several stages that cover a certain time period. Remember that the results cannot be immediate. With a substantial approach to doing things, you minimize the risks of financial losses and improper product/service positioning in the eyes of your TA.  

Use machine learning, deep learning, artificial intelligence (AI) technologies

In addition, we’d like to point out the importance of collecting and evaluating analytical data. Considering how utterly simple this procedure has become in our times (due to AI- and ML-based solutions), it would be only reasonable to use it for the development of a highly-efficient marketing strategy.

On top of everything, forecasts formed with the help of an AI-powered software already boast enhanced precision, which may protect you from the risks of coming out of demand on the market.

Try to implement omnichannel sales

People use many various channels to purchase goods and order services nowadays: Online stores, marketplaces like eBay or Amazon, social media like Facebook and Instagram, as well as offline sales outlets. A buyer isn’t attached anymore to only one or several channels. You can choose whichever way to shop you want.  

What does this mean to you as a vendor? It means that you should offer your goods through as many channels as possible. Otherwise, you risk losing a good chunk of buyers. Several sales channels interconnected between each other allow a customer to make an order and receive the purchase in the way they find the most convenient. A vendor, in turn, can monitor the centralized statistics and manage all the channels simultaneously in one place. This is what the omnichannel sales mean.

Build customer experience and personalization

Deep personalization and impeccable user experience – these are the key aspects of one’s digital business to lead any player to the top. Even with somewhat higher prices and heavy competitiveness in the niche.

A vivid example of success reached by using these essential sales industry trends is of the Invictawebsite. Their watches are much more expensive than the ones on Amazon, for example (you can compare prices for the same model on both the official website and the marketplace yourself). Impeccable visual design and personal approach to each client, however, make the vast majority of the brand’s fans buy watches at a higher price from the official representative.  

Make effective sales conversations

Despite the fact that the total demand for the sales manager position gradually becomes obsolete (due to online and self-servicing shopping opportunities), live client conversations will still remain a huge, necessary part of any retail business, keeping up with all the major B2C sales trends.

Particularly, defining the demands, pain points, and ultimate goals of your clients; allowing them to speak their mind, and taking the position of an active listener, you can also vividly describe how exactly your product or service can change their business. What advantages they get and how their life will improve in the long run. The real physical excitement caused by real words is a very powerful way to get that deal.

Remember that buyers have more power than sellers

The current market is literally overloaded with goods and services of all shapes and sizes. This means that you need to thoroughly build professional relationships with each of your clients and put a good deal of effort into attracting leads.  

In terms of the relationship establishment, personalization and fast high-quality service can serve as your main techniques. As for lead attraction, look for and cooperate with opinion leaders and create contextual advertising.

Build quality relationships and trust with the client

Good relationships with clients equal your service reliability in their eyes. The main trick here is to convince them initially that your product or service is among the best ones on the market and it definitely deserves their attention.  

Once they realize your actual status on the arena or the factual advantage of your offer, they are likely to start sharing their major pain points which they would like to eliminate. This is the beginning of real quality relationships.  

Create a mobile-friendly website, use mobile apps

The mobile is yet another major aspect of the hottest sales trends of 2019. People simply become busier and unable to spend hours using a PC for a quick search or a particular purchase.

Letting people reach your retail solution through their mobile devices, you provide a 100% all-around access for your TA and every other user.

Share your achievements

Let your target audience know about your successes. About you selling a batch of goods that could be sold over the month at once, about the fact that Mr. N prefers your products, or about you expanding the staff of employees due to the growth of sales.  

In such a way, your potential clients can also see how successful and striving you are, which will help you ultimately increase the product or service demand.

Be closer to customers

Being closer to your customers today means being interested in their problems and issues, goals and desires.

You can create brief polling, for example, where your potential customers can share their preferences as to your products. This is a simple, yet efficient approach to establishing trustful relationships, therefore, increasing sales.  

Hire knowledgeable and skilled sales representatives

Never neglect the level of qualification of employees representing your brand. Sometimes, inexperienced staff may spoil your business reputation, which might be pretty difficult to restore later on. Be thorough with your sales manager recruitment or, what’s better, let dedicated experts handle that.

Create real-time sales teams

The faster you sell, the faster your business and income will grow. Special real-time sales teams can be created to implement such rapid sales. This is one of the online sales trends which implies that sellers work via interactive forms on online shop pages.

‘If you have any questions as to this or that product, contact us right now so that our software advisor can explain everything to you’ – provide your customers with an ability to contact your sales expert at once, via such a form.

Make sales playbooks

One of the most vivid trends in sales in 2019 is the creation of a sales playbook. It is an in-house document where all the crucial sales moments are indicated: customer segment portrait, acceptable behavior scenarios and requirements for sales managers, FAQ templates, and the similar data. Such information allows defining a strategically proper sequence of actions based on the intuitive behavior and experience of managers.    

As a result of implementing playbooks, you can minimize the risks of any unpredictable behavior that can put off potential clients.

Automated sales prospecting emerges

The finishing number of our top latest trends in sales is the automated sales processing and optimization. Many software vendors are launching CRM solutions that automatically collect data from external sources (e.g., social networks) and offer new potential clients based on particular characteristics.

Such a CRM system may boost the performance of your sales experts dramatically.

Sales Trends 2019: Conclusion

Summarizing our review of the main sales technology trends and business leading tendencies, we cannot say that every point we highlighted is fresh. With some moments traveling to this top from the last years’ one, we still recommend going for these sales enablement trends. The efficient adoption of some will help you ultimately stand out among the competitors on the market.

If you wish to get a multipurpose tool for the solid implementation of all the above-mentioned trends, you can use our own NetHunt CRM – an advanced automation tool successfully integrated with business processes of hundreds of companies all over the globe

Original source: https://nethunt.com/blog/20-biggest-sales-trends-in-2019/

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Data Science Technology & Its Usage

Data Science has emerged out as one of the popular fields of 21st Century. Companies hire Data Scientists and Data Analyst to help them gain insights about the market and to improve their products and services in better way.

Data Scientists work as decision-makers and are responsible for analysing and for handling a large amount of oragnized or predefined data as well as raw data which have to be first oragnized to analyze.

Data science is the field of study that consists of domain expertise, programming skills, and knowledge of mathematics and statistics to extract meaningful insights from data. Data scientists apply machine learning with python algorithms to numbers, text, images, video, audio, and more to produce artificial intelligence (AI) and deep learning to perform tasks that work on the human intelligence to make every field more precise. In turn, these systems generate insights which analysts and business users can translate into tangible business value.

The field includes preparing data for analysis, formulating data science problems, analysing data, developing data-driven solutions, and presenting findings to inform high-level decisions in a broad range of application domains. As such, it incorporates skills from computer science, statistics, information science, mathematics, information visualization, data sonification, data integration, graphic design, complex systems, communication and business.

 Brillica Services Provides best project based training course in Data Science using python Machine Learning in Dehradun,Uttarkahnd & Delhi.

 Why Data Science training course is Important?

 In 80s, "data analysis", acknowledged the emergence of a new discipline focused on data of various origins and forms, combining established concepts and principles of statistics and data analysis with computing.

With every increasing day, most companies are coming realizing the importance of data science, Artificial Intelligence, and machine learning. Regardless of industry or the size, organizations those wish to remain competitive in the age of need of data to efficiently develop and implement data science capabilities or risk being left behind.

 Uses of data science:

Internet Search

Digital Advertisements (Targeted Advertising and re-targeting)

Recommender Systems

Advanced Image Recognition

Speech Recognition

Gaming

Price Comparison Websites

Airline Route Planning

Fraud and Risk Detection

Delivery logistics

Healthcare

Augmented Reality

 A best data scientist is the one who creates programming code, and combines it with statistical knowledge to create insights from data. He is the one responsible for extracting, manipulating, pre-processing and generating predictions from the information provided.

  Tools Used In Data Science:

Sas, Apache Spark, MATLAB, Excel, Tableau, Jupyter etc.

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Leverage faster project delivery, minimize cost,  enhance productivity, and project quality with 5Dc BIM.

With the adoption of Level 3 BIM, cost estimation can be adopted through 5D. This is possible by linking the 3D model to an estimation library or database. 5D Estimation helps project stakeholders understand the project better, and collaborate efficiently.

This preconstruction estimation data is used by designers, engineers, and other project team members to make informed decisions in terms of project planning, cost management, purchase, quality, etc.

The benefits of 5D BIM cost estimation have been highly recognized in the AEC industry. It is undoubtedly helping project owners and stakeholders leverage faster project delivery, minimize cost, enhance productivity, and project quality.

The integration of design and cost estimation in preconstruction provides deeper analysis and project insight. The effective use and transference of data across the various project lifecycle creates a robust platform to avoid project rework, data loss, etc.

It also helps project stakeholders build better bidding proposals, efficiently handle project execution, and ensure positive project delivery.

Robust estimating software can augment the complete process through data transparency, mitigate errors & risks, etc. All this and more to ensure owners and project stakeholders can leverage better ROI.

Advantages of a fully connected BIM workflow based on 5D cost estimation

§  Helps estimators work more efficiently

§  Leverage unprecedented levels of information to enhance collaboration

§  Enhance overall project performance through design & construction linking

§  Better project visualization based on accurate estimation

§  Augment quantification of modeled materials

§  Find optimal accuracy and solution in calculating costs and planning

§  The highly visual process makes it easier for estimators to understand new processes and technology

§  Generate greater cost estimates at quick rates

§  Create & deliver precise data for planning and field implementation

Along these lines, accurate estimation through high-end software helps create seamless workflows across all the project lifecycles.

How does 5D Cost Estimation Help?

§  Build automated estimations based on access from 3D models – accuracy eliminates errors and rework

§  Increase in overall accuracy based on automated data processing

§  Leverage historical cost data based on accurate takeoffs

§  Connect data across various systems for project planning, cost management, etc.

§  Cost management tools can be used to verify 5D estimation data based on comparisons between budgeted data and the actual amount

§  Gain greater insight into the project through accurate 5D cost estimation

§  On-site personnel can leverage building strategies and gain insights through real-time information on materials, costs, etc.

Understanding Design and Construction as an Integrated System

§  It is important to identify a very strong relationship between design & construction, it can be best viewed as an integrated system

§  That said, the design creates a highly detailed description of a building, facility, infrastructure, etc based on models, plans, etc.

§  Whereas, construction planning involves the identification of activities and resources to make these projects a reality

 Various characteristics need to be considered based on design and construction

§  Every building, infrastructure, or facility is unique and requires custom designing

§  Every project takes a specific time to complete

§  Design & construction for a specific project need to satisfy certain conditions

§  The service life or sustainability of a building, infrastructure, or facility is long

§  Project complexities can cause changes in designs during the construction phase

The integration of 5D cost-estimation at the design and construction phase creates a robust design and construction workflow and mitigates most of the challenges based on rework, budget and time overruns, etc.

The Cost –Estimation workflow

§  Prepare a plan to begin the estimation

§  Create an estimate

§  Manage your estimates

§  Enhance the estimation technique

Prepare a plan to begin the estimation –

§  The primary objective of the project team would be setting a definition through a broad vision

§  Identify resources to begin the estimation

§  Identify any kind of constraint

§  Build a project charter or initiation document

§  Identify people for budget management & approval

Prepare an estimate –

§  Use various cost estimation techniques to create and maintain a budget

§  Leverage policies, market conditions, templates, etc., to build an estimate

§  Build estimates based on parametric and analogous estimation

§  Use WBS or Work Breakdown Structure using the scope and duration

§  Cost baselines are the approved time-phased budget and will be leveraged by the project manager to manage the complete estimation process

Manage your estimate –

§  The Project Manager is responsible to oversee various phases of the cost estimation process

§  Specific cost estimates can be factored in the project execution phase based on specific costs from vendors, required resources, etc.

§  This helps project managers convey transparent information and manage better stakeholder communication

Enhance the estimation technique

§  The project manager is responsible for managing and improving project cost estimates based on specific KPI’s

§  These KPI’s can be listed as project objectives, effort, cost analysis or tracking, and project performance

§  Project Managers can use EVM to perform Earned Value Analysis that can compare the earned value, planned value, and actual costs

§  Change requests can be managed and the necessary project documents need to be updated based on the change requests

Various Cost Estimation Techniques

5D Cost Estimation can be achieved through various techniques viz.

Analogous Estimation – use historical data to determine project costs in the early stages of the project

Statistical Estimation – determine estimation based on parametric calculations

Bottom-Up Estimation – determine estimation based on individual work or tasks

Three-Point Estimation – determine estimation based on 3 techniques viz. optimistic, most likely, and pessimistic

Cost of Quality – determine estimation based on expenses during the project to prevent failures and expenses done after the project to focus on failures

Reserve Analysis– determine estimation based on reserves that need to be kept aside or allocated

Conclusion

Using 5D cost estimation across the entire project lifecycle, estimators or estimation companies can save on valuable time and cost. The BIM 5D estimation advantage lets stakeholders view the model along with the necessary schedules. This ensures all the teams get a clear grasp of how changes can affect the cost cycle and vice-versa based on invaluable information. BIM estimation from design to construction always works towards owner and stakeholder advantage.

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