The advent of technological advancement in startups
Digital revolution at the time of the 50s era created a new wave of modern technology, thanks to constant research and innovation. We witnessed the potential by this iconic term and initiated the usage of its advantages to bring development across various sectors and domains.
The power of capitalizing from digital platform came to notice among the business owners soon because of the myriad opportunities it had to offer. Business entities wanted a competitive edge over other players in the market for reaching the peak in the success of productivity. Hence, it was natural that the advancement in technology became a quintessential approach in the business startups and other domains as well.
There are new up and coming technologies that would soon prove to be a boon for startups. Google has taken the forefront in developing a mobile framework for speed. This ensures that the publishers are well able to seep content through any app at a fast pace. Numerous media houses have already joined the bandwagon to ace up the speed issue. It is big news for the content industry as well as the enhanced user experience to navigate easily through the sea of content.
Even though it is not a recent entrant of technology in the market, mobile payments are supported through Apple, Android and Microsoft to enable a cashless economy and make it easy for the users. Since there are a lot of options to choose from, finally, the end user is sufficiently leaving the cards in their pockets or even better, at home.
A lot of startups are incorporating these new technologies in to their offices in the hope of strengthening their businesses. The research and development armies have come up with a sufficient amount of technologies that could boost the workings and the profits of a startup.
Managing a startup is not breezy and involves a lot of hardships. Almost 25 percent of the startups would crash in the first year itself due to lack of resources, management or finances. It is crucial to have adequate experience in the line of business you chose, so that there are no major roadblocks later.
The new age is heavily dependent on Internet and technology, but it alone cannot ensure success. Innovation is required so that the ideas reach the stage of execution and never trodden paths. The same way startups also need to make sure that they are fixed on the financial side, so that there is no sudden downing of the shutters. Investors look for all rounders and will only fund business ideas that are viable and bring in money. One can easily attract promising investors if they know how to pitch an idea and believe relentlessly in their dream.
The article is contributed by Mr. Digvijay Singh Ponia, Product Manager, Hallwaze