One in ten startups fail. Any guesses why?
Let’s set aside issues such as a lack of funding or poor marketing, and focus on the key reason–building a product that no one wants to use. 42% of startup failures happen because of an inferior product, not aligned with customers’ needs.
Running an e-commerce store means competing with hundreds of existing online marketplaces out there. No matter how great your product is, getting traffic, leads, and conversion is tough initially.
In 2018, the global market size of outsourcing information technology accounted for $85.6 billion. It is generally engaged in offering software development and IT solutions. However, the services may vary depending upon the dynamic business requirements. - according to Statista
Amazon Books is a chain of retail bookstores, owned by Amazon. In 2018, Amazon Books had a total of 17 stores, with plans to expand to more locations. The eCommerce giant has a strong presence online but it has its physical presence for books. The one in NYC is 4,000 square feet with 3000 books on the shelves. Seems like Amazon wants to have the best of both worlds- physical and digital.
25% of customer service and support operations will integrate virtual customer assistant (VCA) or chatbot technology across engagement channels by 2020, according to Gartner.
The healthcare industry is leaverging digitization and consumerization for connecting patients with relevant providers. Remote consultations, patient portals, appointment booking platforms, online pharmacy are some of the prominent modes for patients and providers to access and deliver care, respectively.
Design is not just what it looks like and feels like. Design is how it works. -Steve Jobs
If we go with the words of Steve Jobs, then certainly, developers are the real designers of a software product, as no one else but a developer knows how a product actually works.
Entrepreneurs are vigorously capitalizing on the ‘Uber for X’ model. They are covering almost every vertical that holds the potential to reinvent the conventional way of doing things or simplify consumers lives.
The idea of matching consumer demand with relevant services, which started back in 2009 with a taxi-booking app called Uber is creating a ripple-effect now. The trend of creating an Uber for X is taking (almost) every industry by storm, and logistics is not behind.
The term precision medicine may be relatively new for many, but the approach has been a significant part of the healthcare industry. Basically, the concept is to understand specific requirements and characteristics of an individual, before treating them with the custom medication.