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smartwatche  Smart Watch
Our wearable app development experts create extremely innovative and value driven apps for Apple and Android smartwatches.
  • Developing fitness apps that can track and monitor the physical fitness of the user based on various parameters.
  • Building apps that can act as an extension of your ecommerce business, and speed up customer decision making.
  • Developing utility apps for Apple Watch and a range of Android based smartwatches like task management apps, time management apps and more.
  • Creating payment apps that add a new dimension to the payment options you are offering your customers.And more!
VR Glass  VR Glass
Our developers help create immersive VR experiences that help you enhance customer engagement levels with your business’s products and/or services.
  • Creating and deploying VR applications that that help people visualize and experience different environments or products.
  • Developing applications that can be used for safety and training purposes.
  • Creating apps for restaurants that enhance the overall dining experience for restaurant goers.
  • Building virtual learning environments that help learning institutes improve teaching methodologies.
  • Gaming apps that provide the next level of gaming to users wherein they are not just playing the game but are a part of it.
Google Glass  Google Glass
The use of Google Glass apps can revolutionize the way your business interacts and engages with target customers.
  • Solutions for the workplace, for e.g. we create solutions that offer assembly line/manufacturing facility workers real time information about their job and that too in a hands-free manner. This goes a long way in improving productivity.
  • Tutorials for your workers that offer an immersive on-the-job training experience.
  • Creating remote break down assistance solutions for cars, heavy vehicles and machines. The use of these apps ensures work continuity and can bring down maintenance and support costs.
  • Building e-learning apps that help organizations enhance the learning and development curve of their employees leading to better process efficiency.
Barcode Scanner  Barcode Scanner
Wearable barcode scanners are helping inventory management and its optimization. Workers wear these scanners and perform their scanning jobs with relative ease.
  • Building bar code scanning apps that can be used in manufacturing facilities to seamlessly manage parts tracking on assembly lines.
  • Creating scanning apps for retails stores which help sales people access product information and also manage product inventory easily and quickly.
  • Our scanning apps for the delivery and logistics industry help users scan packages, update shipping status and access delivery information.
  • We build scanning solutions for warehouses that help users optimize inventory management.
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Chatbots For Automotive Industry

How Chatbots Are Transforming The Automotive Industry?

The rise of digitization is transforming organizations, industries, and people from all walks of life. It is the era of conversational commerce, and Chatbot in the automotive industry is combined with several OTT applications. And the Chatbots are gradually proving to be a unified solution for business communication processes.

A recent survey reports that 90 percent of consumers today prefer instant messaging to invigorate communication with a business, while only 63 percent of consumers prefer messaging over any other communication channel.

Today, contemporary living is witnessing consumers, especially millennials, actively engage in messenger and chat applications. They are actively involved in manifesting a purchase, research, and interaction on a real-time basis, benefitting business and organizations.

With the advancement in Artificial Intelligence, today’s platforms offer a real-time experience while engaging with the preferred brands. The automotive industry is one such area where customers need personalized assistance while economizing the procedure for automakers and car dealers.

But before any other detail is chased, here is brief info about what chatbots are.

What are Chatbots?

Chatbots are conversational assistants that use artificial intelligence (AI) to converse with diverse kinds of consumers effectively. Industries such as the automotive industry make most of the chatbots as a part of their marketing strategy.

How Chatbots Are Beneficial For The Automotive Industry?

Like every other industry, chatbots can alter the automotive industry and significantly benefit customers. Here are brief information and insights on how chatbots are changing the automotive industry.

Here are the major reasons to have chatbots for the automotive industry.

1. 24*7 Onsite Messenger

Today, the digital economy has increased the expectations of customers in terms of both accessibility and convenience. For becoming a winner in the current competitive world, automotive dealers need to be well prepared to deliver a meaningful and engaging customer firsthand experience. The automotive chatbots efficiently help the dealer to catch the ever-evolving understanding of the customers.

Chatbots can offer real-time and instant conversations seven days a week and 365 days a year. Customers have the liberty to interact with the representatives, along with receiving dedicated support from chatbots. When the dealership is not operational during odd hours, customers can still interact with the Chatbot and obtain the necessary assistance.

2. After-sales Service

The ultimate aim is never to sell a car instead of offering an overall experience to propagate further assistance. While dealers are busy and service bays are crammed with an unending list of orders, the chatbots for the automotive sector are the right assistance to help automate schedules and decipher problems while getting connected with the right dealer. When a customer schedules an appointment, they also need to know the estimated cost and delivery time. Although these tasks might look minimal, however, they create an enriching and valuable customer bond.

These are efficient in elevating dealer retention and customer engagement levels. It can effectively touch each aspect of the delivery chain, including retailers, dealers, salesmen, manufacturers, and service technicians. The auto industry is one such sector that continues to evolve while embracing the future of car buying and personalized experience for every consumer.

3. Lead Generation

A chatbot for the automotive industry can efficiently convert the public Facebook profile into a source that offers useful data, ensuring an instant lead generation. A chatbot deployed FB messenger can identify the customer instantly through the profile and serve the necessary information.

4. Test Drives

While it can get hectic for the staff to perform the daily mundane task of seeking customers’ information intending to go for a test drive, the chatbots are equipped to handle the job well. It does so by uploading the information to the database, while the test drive appointments are quickly scheduled without any human being’s assistance.

5. Alert Staff Members

Automotive industry AI chatbots also alerts the staff members once a customer fills out an online form. It does so by leaving a message and schedules an appointment to communicate with a representative. The alerts pass the message without any delay and without needing the customer to wait.

6. Voice Support

A few of the chatbot platforms offer built-in voice support. This scenario enables customers to communicate with the Chatbot instead of typing and sending messages. Hence, it is beneficial to provide a more realistic experience and a human touch.

7. Internal Support

A pile of information needs to be catered to regularly. It could be customers, inventory, automobiles, and more. Thanks to the chatbots, it has become one essential source of information for any queries while helping employees get quick access to obtaining relevant information.

8. Service Plea

The dealers in the automotive field receive daily service requests, and using the car dealer chatbot can further automate the process. It can interact with the customer, capture the required data, and set up the service request forward. The staff members can furthermore view the appointments and form the plan accordingly.

As per a survey by Capgemini, conducted on 12000 consumers along with 1000 executives from varied industries, it was seen that 50 percent of automotive companies make use of AI-enabled chat or chat assistants to engage the customers actively.

9. Hassle-free Sales Conversions

Car dealers offer a pile of information on digital interfaces such as social media and websites while helping potential customers in the initial decision-making stages. However, the data is often too much for customers to absorb, and dealers are assisting customers in ending up incurring maximum efforts to convince customers for sales.

Here, by deploying the automated chatbots, dealers can efficiently reach out to a broad audience while generating awareness and simplifying the prospect’s research and collaboration details. With such functionality, even customers can simultaneously chat with a friend and check the estimated value while setting an appointment online.

10. Reduced Wait Interval

Customers today are quite busy with their personal work and are used to attaining instant responses. The same applies to the automotive industry, where automotive dealers need to invest in a more convenient solution such as automotive chatbots observing these types of trends. Also, this scenario effectively caters to the growing expectations of the customers. No longer do customers need to wait for a solution. Instead, they can attain it instantly through round a clock support system. Now, you can get your queries solved even at odd hours of the day with the enablement of automated chatbots.

11. Reduced Costs

Automation can save a significant amount of costs by introducing chatbots and automating sales, marketing, and customer support. It can efficiently reduce costs through timely service appointments and scheduling maintenance tasks.

12. Boost Customer Engagements

Chatbots helps to increase customer engagement and automates the varied aspects of the delivery chain. It enables customers to schedule appointments and receive the necessary estimates. In this case, booking also becomes as easy as responding to the message, and the customer also attains regular reminders, offering seamless services support.

Key Takeaways

Hence, chatbots today are transforming the realm of the automotive industry and creating a revolution in its real sense. There is tremendous potential in the way the technology helps the automotive industry deal with customers, save costs, and improves customer engagement.

By helping businesses build a strong bond with the stakeholders, car dealers, and customers, today’s technology is winning the world of the internet.

We at Technostacks are one of the leading IT Software Companies developing automotive software and chatbot integration systems. Please feel free to anytime reach out to us, call us on +919909012616, mail us info@technostacks.com and get your technology, as well as business queries, addressed.

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Fintech Benefits for Banking

How FinTech Is Changing The Banking & Finance Sector?

Whether you realize it or no Fintech is likely a huge part of your life. Right from depositing a check by clicking a picture and depositing it to the bank account, to paying your bill at the restaurant by tapping your phone and heading back home in an Uber where you book a cab online and pay directly through the app.

According to the Global Fintech Adoption Index 2019, a study by Ernst & Young adoption of Fintech services has steadily moved up from 16 % in 2015 to 64 % in 2019, and the number has obviously grown in 2020 due to the pandemic and social distancing guidelines as a new norm. If you are still wondering what Fintech is, here is a brief understanding.

What is Fintech?

Financial Technology abbreviated as Fintech is an innovative technology that aims to transform the traditional way of dealing with finances with the help of improved financial services.

How FinTech Is Transforming The Banking & Finance Sector?

Smart Chip Technology

Smart Chip technology is basically the smart chip ATM card, which minimizes the financial impact due to mishaps. The EVM technology embedded in the chip works on a one-time password formula for each transaction, hence improves the security aspects as the code is valid only for one operation. In case your card is stolen, it will not be of any use to them.

On the other side, banks prefer their customers to memorize their pin and do not share it with anyone to avoid any mishaps. No wonder banks are working hard to match up to something which provides top-notch security to its customers.

Banks still use the magnetic stripe technology that requires the same pin for all the transactions, hence compromising the safety and making it susceptible to fraud.

Biometric Sensors

A biometric sensor is one of the inventions of Fintech. Biometric sensors and Iris scanners are the two technologies by Fintech which ATMs are using. These are advanced to a level whereas one need not carry a plastic card and need not require remembering the pin.

Also, these biometric-enabled ATMs use integrated mobile apps, fingerprint sensors, and eye and palm to identify the account owner. To make sure there is no kind of single mistake or error in customer recognition, ATMs also use micro-veins. Biometric technology gives a sigh of relief to those who get panic even with the thought of losing their ATM card. Biometric makes sure they can access their funds even after losing their card.

Online Transactions

The online transaction ensures an efficient electronic payment system. These electronic payments include payment of insurance premiums, social security, salary, payment of loans, bills, etc.

Omni-channel Banking

Fintech has made a considerable contribution to transforming traditional banking systems from one branch to various other digital channels, e.g., social, online, and mobile. This scenario eliminates the need to be dependent on banks and specific branches that offer certain functions. It results in banks adopting the omnichannel option and reducing their number of branches.

Chatbots for customer service

Chatbots have become popular when it comes to customer service; this machine learning-enabled bots efficiently streamlines client interactions by handling queries as humans and directing the query to the right department.

Many banks have made Chatbots an integral part of their process and programmed it to advise customers on investment plans or advise customers with the relevant information they are looking for, hence increasing overall customer satisfaction.

Artificial Intelligence (AI)

AI and Machine Learning make an excellent combination for detecting suspicious activities/ transactions. These AI-enabled fraud detection software generate an alert when they sense a potential fraud transaction, later the matter is handled for further investigation by humans.

With the technology becoming dynamic and scammers becoming smart, fraud detection is becoming difficult, putting customer data at risk. To address this issue, banks have adopted AI along with a machine learning-driven statistical model to leverage historical data to identify the pattern of fraud attacks. It also includes a data aggregation platform to track data and find out unstructured transactions. It further enables process automation to transform the AML operations, hence reducing the human effort to 50%.

E-Wallet

To name a few Samsung Pay, PayPal, Android Pay, and Apple Pay, some of the giants in the e-wallet world have widely used people to pay utility bills, booking tickets, paying on for purchases, and ordering food, etc.

Apart from these, many brands and e-commerce websites have come up with their own e-wallets, such as Starbucks/ Amazon/ Walmart Pay. These brands attract users by giving them an irresistible offer, cash backs, and reward points.

Banks have realized the potential in e-wallet due to its immense popularity and success. As a result, in collaboration with brands, many banks have come up with great e-wallet offers to lure customers.

Mobile Banking

The boost in the total number of smartphone users is spoiled with the choices they are offered at the convenience of their location with a few taps. This scenario has forced banks to offer mobile banking applications that provide convenient Fintech banking services.

As a result, nowadays, most banks have a mobile app that is user-friendly and has some fantastic features, like recognizing the user’s fingerprint. These apps work seamlessly without the need for any biometric app or hardware.

Mobile Apps have been everyone’s preferred choice for receiving and transferring funds and performing payment functions, right through the mobile banking app.

This scenario clearly shows that the role of Fintech in the banking industry is commendable, enabling banks to offer customer safe and user-friendly banking experience. Customers have embraced technology and demand more of it for smooth financial transactions, and the question still remains how are banks responding to Fintech?

Fintech simply uses an internet connection, mobile, and cloud to provide financial services. A few Fintech banking examples include:

  • Mobile payment apps
  • Mobile wallets are the latest trend as people prefer to make payments without carrying cash/ card.

  • Peer-to-peer payment apps
  • Apps such as Venmo, PayPal allows this feature.

  • Blockchain and cryptocurrency
  • Bitcoins have been famous as an alternative to currencies.

  • Mobile-Only banking
  • Mobile-only banks such as Ally and Marcus.

  • Funding apps
  • Such as Ketto- allow individuals to raise funds from people rather than knocking investor’s doors.

  • Peer to Peer loan programs
  • Websites or Apps that will enable people to get loans from friends or other individuals rather than from banks and traditional lenders.

  • Insurance programs
  • Fintech makes it easy for people to get an insurance quote from various suppliers at once.

  • Budgeting programs
  • These apps are directly connected to people’s bank accounts and credit cards to keep track of the income and spending.

The swift evolution of Fintech has transformed how financial institutions used to function – banks, insurers, and asset management companies have been facing a new reality.

Products and services that were used for decades can no longer be used in the digital world. To keep up with the growing or maturing demand of customers and trends, banks have reinvented their processes. Apart from banks, many tech giants, retailers, and global organizations are looking forward to solutions to provide financial services as per their customer’s demands.

Moving Forward

Fintech is not a rival for traditional financial institutions. In fact, Fintech in banking acts as a facilitator and not a competitor. It wants to work with banks hand-in-hand and grow as partners.

Banks and the credit unions and also the new Fintech providers are committed to providing a next-level banking experience. The advantages of Fintech in banking outweigh the challenges that face it. The partnership between banks and Fintech will create even better solutions and skills for the customers than the organization can offer on its own. Both the bank and Fintech together will surely create a new paradigm for every individual.

Technostacks is a leading FinTech app development company and if you want to develop a Fintech solution then you can contact us, email us on info@technostacks.com or call us on +919909012616. We will give you the best assistance for your app development.

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Wearable Technology In Healthcare

How Wearable Technology Can Be Helpful For Healthcare?

One sector that has been deeply impacted by wearable technology, it is the health domain. Over time, medicine and healthcare have matured through time. Some of the credit goes to wearable devices, the thrill which medical science can do these days are made even trendier. The wearable market is capable, as the number of connected wearable devices globally is likely to mature to more than 1.1 billion in the year 2022, while the telecom technology shifts right from 4G to 5G. Several Application Development Companies are building apps principally to run wearable in healthcare and other industries.

Why Use Wearable Technology in Healthcare?

As discussed, different wearables have been accepted in an extensive array of domains; however, they have their maximum perspective in healthcare. The increasing usage, as well as the growing importance of wearable technology in the medical field, helps to address healthcare costs, help aging populations, and assist in solving the complexities of many chronic diseases.

How Wearable Technology is Changing the Healthcare Sector?

Wearable technology depends on diverse sensor styles. The standard versions of wearable tech are smartwatches and wrist bands. They are found and utilized in clothing or jewelry, along with other accessories. Such wearable take an entirely innovative level of tracking, monitoring, diagnosis, and medical treatment. Many organizations are realizing the impact of wearable technology in healthcare and utilizing this technology because of its advantages and asking application development companies to build wearable apps.

Examples of Wearable Technology in the Healthcare Sector

wearables technology examples

  • Fitness Trackers
  • Fitness trackers are some of the straightforward and most unique examples of wearable technology. These wrist bands have sensors to calculate and measure the physical activities. They also measure the heart levels of the device user. By connecting to a choice of smartphone apps, they provide users with medical, health as well as fitness suggestions.

    Fitbit Flex was one of the foremost fitness trackers for standard users. With the five indicator lights, people were quite attracted by its silky look and capability to monitor progress during the whole day. Later a variety of wearable fitness trackers and wearable apps are built by the application development companies across the world.

  • Wearable Blood Pressure Monitor Devices
  • HeartGuide was the first blood pressure monitor wearable device that was released in the year 2019. The wearable look to be a popular smartwatch can effectively monitor blood pressure and day to day activities, such as the number of actions taken, distance travelled, and how many calories you burned in a definite period.

  • Bio Sensors
  • Biosensors are wearable devices that are budding and utterly diverse from wristbands as well as smartwatches. The wearable biosensor comes in use as an auto-adhesive patch that enables patients to move around while calculating pulse, breathing rate, heart rate, and temperature details.

What are the Advantages of Wearable Technology in Healthcare Sector?

  • Advantages for Patients
  • The advanced wearable smartwatches are not only utilized to track heart rate, sleeping patterns but come with many more health statistics that are helpful for patients. It is specially developed for offering support, and patients gain from such devices. This wearable is predominantly the precise technology for people with persistent chronic conditions needing uninterrupted monitoring and tracking of their health conditions.

    The wearable devices make it simpler to collect health and medical data on a regular basis so that the primary disease can be tracked correctly. Patches devices can be mounted right on the skin surfaces to bring together health information. Such patches can display medical data in real-time in order to represent a clear pattern. If a patient requires monitoring or tracking in quick time intervals or every few hours, the use of such wearable patches is a substitute to frequent or continuous hospitalization.

  • Help Controlling Medical Expenses
  • Trips to the hospital will take efforts, time, and money for the patient’s family. It not only involves treatment fees, but they are also heavily charged with periodic medical consultation fees. Innovative wearable applications and devices built by the app development agencies trim down costs for health treatments. This scenario applies more than ever to patients with medical conditions such as diabetes, hypertension, and others who need customary assessments. Effectual health diagnosis would also lend a hand to enable care and thus lessen overall treatment costs and regular technical hitches to some extent.

  • Doctors and Medical Staff Assistance
  • Doctors are assisted with the regular diagnosis of the patients’ issues if they have access to quick and real-time data. The gathering information helps determine the sternness of the patient’s condition and thus facilitates doctors and medical staff in prioritizing medical cases easily. In many cases, wearable applications like Google Glass have been found to be extremely helpful for some healthcare surgeries. The device assists to do CT scanning and ultrasound images to get a correct picture of the health-related targeted zones.

Key Role of Wearable Technology in Healthcare Industry

While we all know that the smartphone element ecosystem played a significant role in getting the first wearable to market, the next wave of modernization is being steered by silicon.

Not only is Apple creating exclusive processors and sensors right into the Apple Watch; however, the company is also utilizing its own chips for the execution of Bluetooth in AirPod wireless headphones. Different companies are coming together with their own products for advancing healthcare domains with wearable technologies. Product makers that cannot compete with Apple openly for smartwatch processors are turning to Qualcomm.

Ear-worn devices are wearable technologies built to improve hearing. While the market remains in the near to the beginning adoption phase, hearables provide many possibilities in the areas of healthcare as well as fitness. Hearables can perform a diversity of functions starting from heart rate calculations to sleep tracking, steps as well as calorie monitoring, and they are perfect for brain wave analysis. The blending of Amazon’s Alexa, Google Assistant, Apple’s Siri, and IBM’s Watson is turning hearables more intelligent.

As per a survey by the World Economic Forum (WEF), around 92 percent of country leaders think that 10 percent of people will wear internet-connected clothes by the year 2025. The marketplaces for smart clothing are in the primary experimental stages with some of the fitness and healthcare products, comprising NadiX yoga leggings, Ambiotex intelligent shirts, and Sensoria socks, accessible commercially.

Moving Forward

With enhancing the adoption rate in most of the mature markets, both the acceptance and competition in the wearable technology domain are immensely increasing. With miniaturization and lowered prices of device development, the scenario will generate a surge for wearable sensors in medical and healthcare areas, leading to substantial market growth.

We saw wearable devices used in healthcare and how the healthcare industry is transforming with the help of wearable devices.

Technostacks is a leading wearable app development company and has exceptional experience in developing healthcare apps. Our technology teams have even developed advanced HIPAA compliant applications for our global clients. Let’s connect to discuss your app development ideas in detail.

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