1) Python is simple and easy to learn

Python is the perfect choice for backend web development for a variety of reasons, but one of the main benefits is that it’s an incredibly simple and easy language to learn. This is especially useful for developers who are just starting out, since Python provides a great foundation for learning more complex programming languages.

With its straightforward syntax, clear structure, and comprehensive libraries, Python makes coding relatively easy for beginners. Python has a shallow learning curve, so even if you’re new to programming, you can learn the basics quickly. 

Python also has plenty of helpful documentation, tutorials, and resources available. This makes it easier to find answers to your questions while you’re learning the language. 

Furthermore, Python has a strong community of users and contributors. If you get stuck while coding or have any questions, you can always turn to the community for help. This makes it easy to find solutions and stay on track with your project. 

Overall, Python’s simplicity and accessibility make it an ideal language for backend web development. Whether you’re just starting out or already an experienced programmer, Python is the perfect language for building reliable web applications.

2) Python is free and open source

Python is an incredibly popular and versatile programming language, making it a great choice for backend web development. One of the biggest advantages of using Python for backend web development is that it is free and open source. This means that you don’t need to pay for expensive software licenses to use the language and can access it for free. Furthermore, since the language is open source, the code can be easily modified or extended to add extra features and functionality. This makes Python an incredibly versatile language for backend web development, allowing developers to quickly and easily customize their applications.

Furthermore, open source languages like Python are often more secure than proprietary languages as the community works together to constantly patch and update the code in order to ensure it is safe and secure. Additionally, the large community of Python developers around the world means that any questions or concerns can easily be addressed by experienced professionals. All of this adds up to a powerful, flexible language that can be used to quickly create robust, secure web applications.

3) Python is versatile

Python is one of the most versatile programming languages out there, making it perfect for backend development. With Python, you can build robust and secure web applications with minimal effort and code. You can also use Python to create API-based products which are capable of integrating seamlessly with other systems without breaking a sweat. 

It’s been around since 1991 so it’s a mature language that has proven its worth in back-end software engineering over many years. It’s also open source and runs on any operating system or architecture: Windows, Linux, macOS, Android – you name it!

4) Python is Object-Oriented

Python is an object-oriented language, meaning that it allows developers to easily create classes and objects. This is an incredibly powerful tool that can make complex web applications easier to manage and debug. Object-oriented programming is ideal for backend development because it provides a framework that makes coding faster and more efficient. Python also has a comprehensive standard library of useful functions and data structures, including functions for string manipulation, database access, and memory management. These features make Python an ideal language for developing robust and reliable web applications.

One of the biggest advantages of using Python for backend development is its code readability. Python was designed to be both intuitive and easy to read, so developers don’t have to spend time deciphering complicated code. This makes it easier to quickly identify errors and bugs, as well as collaborate with other developers. 

Python also supports multiple programming paradigms, such as procedural, object-oriented, and functional programming. This allows developers to choose the most appropriate method for any particular task. With the ability to write code in multiple ways, developers can easily create dynamic, versatile web applications with fewer lines of code than would otherwise be required. 

Python also offers scalability and flexibility. Developers can easily add more features or functionality without having to rewrite existing code. It also enables developers to easily switch between different frameworks or technologies without having to re-implement their code. 

Overall, Python is a great language for backend development. Its object-oriented design, simple syntax, and rich set of libraries makes it a great choice for developing highly-scalable web applications. With its high readability, scalability, and flexibility, Python is sure to remain popular among developers for years to come.

5) Python has Lots of Libraries

Python is a popular language for backend web app development due to its expansive library support and high scalability. This section will explain why Python is a great choice for backend development and explore the 10 benefits of using Python for backend development. The first benefit is that Python has libraries for every need, including networking, analytics, machine learning, data science and more. For example, with just one line of code you can use the Flask library to create a REST API with your application’s models on top of an existing database like SQLite or MySQL. 

Next is that Python provides interactive programming features which enable developers to work in real-time with the code they are writing while they write it instead of having to run commands in order to see what happens next. If you’re using Django framework or Rails as your back end then this becomes very useful as there are interactive shells pre-built into both frameworks where you can experiment without needing access to an actual server instance. Next up is that most people who know how to program already know how to program in Python which makes it easier for someone new coming into backend development because they have experience with their preferred programming language already when they get here.

6) Python has Built-in Data Structures

Python is a popular programming language that is widely used in backend web development. One of the main reasons for this popularity is its built-in data structures, which are essential for efficient and reliable code. With Python’s extensive library of built-in data structures, developers can quickly and easily access and manipulate data for a wide range of applications. 

Python offers three types of data structures: Lists, Dictionaries, and Tuples. 

Lists are the most basic data structure in Python, allowing for ordered sequences of items. It is an array-like collection of objects that can store various types of data, from strings to numbers to complex objects. With its support for indexing, slicing, and searching, it is incredibly useful for managing and manipulating data. 

Dictionaries are also incredibly useful when dealing with large amounts of data. Unlike lists, dictionaries are unordered collections of key-value pairs. This makes them extremely useful for storing and accessing large amounts of data, as they are easily searchable using their keys. 

Tuples are similar to lists, but they are immutable. This means that once created, the values stored in tuples cannot be changed. They are great for situations where you want the values of an object to remain the same throughout the program’s execution. 

Overall, Python’s built-in data structures make it an ideal choice for backend web development. They provide developers with an easy way to manage and manipulate large amounts of data quickly and efficiently. In addition, Python’s data structures are very versatile and can be used for a variety of applications.

7) Python is scalable

Python allows you to scale your applications quickly and easily. It can be used to build both small and large applications with minimal effort. Python uses Unicode extensively, so it’s more accessible and makes it easier to work on international projects. With its object-oriented programming, Python code will be easy to understand, debug, and maintain. The language also has a well-established standard library that’s readily available for use in many cases. 

For backend web app development, there are plenty of libraries that support functionalities like reading/writing files or talking to a database server. Furthermore, as an interpreted language with dynamic typing capabilities, Python code can often be executed faster than statically typed languages such as Java or C++ would allow. In addition, with its huge third-party library ecosystem, there’s often a library available when you need one without having to rewrite one from scratch.

8) Python has a rich ecosystem

Python is quickly becoming one of the most popular programming languages for backend development, and it’s easy to see why. Python offers a wealth of features and benefits that make it ideal for creating web applications. One of the most important benefits is its robust and extensive ecosystem. This allows developers to easily access a wide range of tools, libraries, and frameworks to help them create effective and efficient applications.

The richness of Python’s ecosystem also makes it easier for developers to develop in multiple environments. For example, there are a number of Python-based frameworks available that make it possible to create web applications using a variety of different technologies. This includes the popular Django framework which is well-suited for building database-driven websites.

Moreover, there are a range of libraries available that provide developers with the ability to extend and customize their web applications. These libraries can include advanced features such as database connectivity, user authentication, and more. Additionally, they also allow developers to easily add third-party services such as payment processing, image processing, and more.

Finally, Python has a vibrant and supportive community that is always willing to lend a helping hand. This community can provide guidance and support when needed, helping to ensure that any issues with coding or implementing the application are quickly addressed.

Overall, the sheer number of tools, libraries, and frameworks available makes Python the perfect language for backend development. With its rich ecosystem and active community, developers are sure to find exactly what they need to create powerful web applications.

9) Python has great community support

When it comes to developing backend web applications, Python is a powerful language that offers many advantages. One of the greatest benefits of using Python for web app development is its strong community support. 

Python’s vibrant online community has made it one of the most popular programming languages. The official Python Software Foundation website has a variety of resources, including a large library of user-contributed code and tutorials. Plus, there are many websites dedicated to helping developers learn and troubleshoot Python code. 

The large community of Python users also makes it easy to find answers to any questions you may have about the language. Searching for a particular issue online will typically yield plenty of helpful results from fellow Python developers who have encountered the same issue and can provide guidance or advice. 

Another advantage of having such an active community is that they often develop and share useful packages and modules which can save developers time and effort. As Python continues to grow in popularity, so too does its library of available packages and modules.

Finally, the diverse Python user base ensures that a wide range of perspectives are taken into account when developing the language. Python is used in many different areas, ranging from data science to web development, so there are always fresh ideas being shared by the community.

Overall, the community support surrounding Python makes it an excellent choice for developing backend web apps. With its vast resources, helpful online community, and an ever-expanding library of modules and packages, you’ll never be left without help or guidance when working with this popular language.

10) Python is fun to learn and use!

Python is an incredibly powerful and versatile language that has become increasingly popular over the past few years. As a backend web development language, it offers numerous advantages to developers. From its easy-to-learn syntax to its robust libraries, Python provides a great environment for coding complex web applications.  Additionally, Python is one of the most user-friendly languages out there. 

It’s designed to be easy to read and write, and its syntax is straightforward and intuitive. This makes it a great choice for beginners who are just getting started with programming. Even experienced developers appreciate how quickly they can pick up new concepts in Python and use them to create powerful solutions. Plus, with a vibrant online community and plenty of helpful resources, you can always find answers to any questions you might have.

Final Thoughts

As we’ve seen, Python is an excellent language for backend web app development. It offers a wide range of advantages including ease of use, scalability, great libraries, and plenty of options for development frameworks. Python is often used by large companies such as Google, YouTube, Dropbox, and Instagram because of its flexibility and scalability. 

If you’re looking to build a backend web application, Python should definitely be one of your first choices. Its wide array of features make it the perfect language for creating robust, secure, and efficient applications. With the right development framework in place, Python can be used to develop a wide variety of web applications. 

When it comes to python web app development, you should hire expert Python developers in India. Fortunately, Python is one of the most popular languages in the world, so you can rest assured that it is suitable for your project.

We hope that this article has helped to shed some light on why Python is the perfect language for backend development. From ease of use to scalability, it’s clear that this language is a great choice for those looking to create robust web apps quickly and easily. 

For any further questions or queries about Python’s advantages for backend development, don’t hesitate to get in touch with us. We’d be more than happy to help you get started with your project and make sure it runs smoothly.

The post 10 Reasons Why Python is the Perfect Language for Backend Development appeared first on Techieapps.

Image Source: Statista 

After seeing such a hike in the market cap, it is fascinating to watch where it will go in the future. For those who yet don’t know- what is Dogecoin? And when did it get started? 

Keep Scrolling!

You are not far away; here, we will discuss everything about it so that it becomes easy for you to understand whether it’s the right time to invest in it or it’s just hype. 

What is Dogecoin? 

Like Bitcoin, Dogecoin is also an open-source, peer-to-peer digital currency created by two software engineers named Jackson Palmer and Billy Markus in late 2013. They thought of developing a fun currency by keeping a meme of the Japanese breed Shiba Inu dog in the logo.

Though it got started as a joke by two software engineers, surprisingly, it attempted a jump of 2000% in value in 2021 as per CNN. According to the BBC, Dogecoin has risen over 800% till now. And also, with no upper limits, there are over 129 billion doge coins in circulation as of May 9, 2021. 

Apart from that, DOGE is not tied to a specific service or assets. So in real life, we can’t use this cryptocurrency to buy something that we usually can do with Bitcoin.

When Did Dogecoin Start?

“Doge was really started to poke fun at Bitcoin,” said Pat White, CEO of Bitwave. 

After the success of Bitcoin, many different crypto coins start coming into the market like  Ripple, Litecoin (LTC), Neo (NEO), Stellar (XLM), Ether (ETH), etc. each of them claims to have a different feature or somewhat superior feature than Bitcoin. However, whichever coin gets launched after the Bitcoin is called Altcoin.

Similarly, cryptocurrency Dogecoin is an altcoin, but the creator started it as a fun and friendly Internet currency. They launched it in December 2013 owing Japanese dog breed Shiba Inu picture and became the talk of the town.  This way, it was considered for fun use in the middle of the serious market. 

Image Source: Wikipedia.org

Therefore, the intent was not to compete with Bitcoin rather just fun coins. However, lately, it has become the gateway for many people dipping their toes into the world of cryptocurrencies for the first time, all thanks to its low price and welcoming community. 

Its usage gets started with one thing called tipping and steadily becomes one of the favorite microtransaction methods on Reddit. Whenever anyone likes any article on Reddit, they give DOGE as a tip of appreciation. Hence, it was the topmost tipping crypto coin, and that’s all took place because of Dogetipbot.

Image Source: Coindesk

Since the intent of the Dogecoin cryptocurrency was never money-making but, it was used for better causes.  For example, the Dogecoin community raised more than $6,500 for Indian athletes at the 2014 Winter Olympics. 

Unlike Bitcoin, if you see it, there is no limit to the number of Dogecoin that can be created. Besides all this extraordinary origin story, we see its popularity explode in 2021. It has now become the fifth-largest cryptocurrency by market cap.

It is no longer a joke; Tesla CEO Elon Musk started calling it his favorite crypto. He kept on tweeting about DOGE and mentioned it as a “people’s crypto,” and excited the entire scenario by saying- Dogecoin will soon reach the moon.

How Does Dogecoin Gain Value?

Historically, Dogecoin per coin value was very low, as mentioned above, so people were giving them away and started tipping each other on social platforms, like Reddit, Twitter, Facebook, and others.

In its seven years of journey, Dogecoin got a hike in terms of popularity and value in December 2020. Plus, it has exceeded 10 cents in value for the first time in history, marking a sudden hike from its previous value of 0.0023 cents (2020).

When people on social media post make memes about Dogecoin, we often see the price goes up. This is what happens after Elon Musk usually posts about Dogecoin. Besides this, we also noticed; over the last year, many people on Tik Tok were making videos about dogecoin and how it could make you rich?

This also led to the price skyrocketing. In the article from Forbes, the headline says, let’s all get rich.

How To Buy Dogecoin?

The best and quickest way to buy Dogecoin is via a cryptocurrency exchange. There are many crypto trading platforms available worldwide that allow you to buy it, such as :

• BuyuCoin
• Binance
• Kraken
• CoinSwitch
• eToro
• Robinhood
• Gemini 
• Webull

Buying Dogecoin can be broken down into three simple steps:

• Get a wallet, over there locate your Dogecoin address and then find an exchange that sells Dogecoin.
• Depending on the amount of Dogecoins you are planning to buy, you need to choose the platform on either a hardware wallet or a software wallet.
• If you buy a small amount of crypto, then a free software wallet can be downloaded to your mobile phone or computer. If you are up to a larger amount of crypto, go for the hardware wallet. 

Is it smart to invest in Dogecoin right now?

Since Dogecoin is continuously pumping and dumping, the question arises around it- is dogecoin a good investment?

Like any other cryptocurrency, buying sort of involves risk, and that is the same with  Dogecoin. But with this particular coin, the seriousness of risk is a bit high as it all started as a joke. 

Doge has some security risks as per White’s word as the code level is not secured as other cryptos like  Bitcoin or Ethereum. He also mentioned that there is no robust mining level in this coin. This way, he somehow tries to warn people about the risk they may face in the future.  

However, the start of 2021 has been well rewarded for this coin. There are currently 128 billion DOGE in circulation, and people assume it may hit  20 cents to 50 cents or even a dollar within the next year or two years if it gets this continued momentum. 

But it hard to guess what could happen with any crypto in the future, especially with the crypto world. Since there is a continuous flow of new coins onto the market, it places endless downward pressure on its value. 

In short, putting your hard-earned money in crypto like that which started their journey as a joke is quite risky. So, think before you buy. 

Also Read: Is the Fintech Industry A Threat to Global Banking: Myth or Reality?

Conclusion

That’s how it all started as a joke and now becomes today’s controversial topic- will it reach the moon or get dumped as a Zero. Mr. Markus and Jackson Palmer were two developers who created Dogecoin seven years back.

According to the researchers, it may take time to reach $1, but anything could happen in between. So it is nowhere a joke; in fact, considered one of the topmost topics of the year 2021. 

FAQs

Q1: Why You Should Buy Bitcoin Over Dogecoin?

A1: Since the start of this year, 2021, Dogecoin has relatively outperformed Bitcoin. Dogecoin’s price went up and up and had reached more than 6,000% at the beginning of 2021, whereas the graph of  Bitcoin rose by 37%. That shows a huge jump in the DOGE community. 

But the question still goes around-  should you buy it or not. 

Apart from all these up and down in the market, it is always good to go with Bitcoin; here is three reason:

1. Bitcoin is above a payment system
2. Bitcoin is a better long-term option
3. Bitcoin holds a large team behind it

Q2: Will Dogecoin reach $1?

A2: Some cryptocurrency observers and Social media users expect the dogecoin price may reach $1 by the end of the year, but on the other hand, some forecasts indicate it will take many years to get to this level. 

Q3: Who started Doge Crypto?

A3: There were two software developers behind the start of Doge Crypto-  Mr. Markus and Jackson Palmer created Dogecoin as a joke in late 2013. They created this payment system while making fun of the speculation in the crypto world. 

Moreover, it holds the face of the Shiba Inu and includes it in its logo. This Shiba Inu is a dog from the popular “Doge” meme. In late 2013, it was introduced in the market and quickly made a larger space in the online community. Today, its market capitalization is -US$85,314,347,523 on May 5, 2021

The post Dogecoin, The Most Roaring Word In Crypto World: Here’s How It All Started? appeared first on Techieapps.

But what impact does the digital trends will put more now and in the future?

Currently, digital tools have allowed people to be connected and work from home to maintain social distancing. Therefore, our reliance on technologies like the Internet, wireless technologies, and mobile technologies has increased more than earlier.

Image Source: mckinsey.com

Now, let’s dig deeper and understand what digital transformation will stay today and in the future.  

5 Mega Digital Trends That Are Normal For Your Business In 2021 & Beyond

Here, we will see how digital transformation helps us cope with the changes taking place and give us new ways to collaborate. Stick to this blog to understand what immediate action you need to take to be connected globally through information technology and how these technology trends are more appropriate to move forward in 2021.

1. Artificial Intelligence & Big Data Will Help In Having Real-Time Data

In this competitive world, real-time decisions are crucial for every business owner. These days, things change so fast that companies depend on analytics, real-time data, data prediction to interact with the customers.

Many data analysis companies are offering automated data warehouses where they highlight things surrounding a business. Using Big data with the AI technology will help the companies to know where their sale is going down and how sales are going up. Therefore, it is easy for them to take steps according to the real-time data.

Artificial intelligence is the most powerful digital trend 2021 humankind has access to propel their business. Using AI-based tools, companies can also address the economic reality of recessions. Thus, it becomes easy for them to decide how and where they should streamline business processes. 

They are among a cluster of high-tech tools to track COVID 19 and combat it using artificial intelligence.  However, as per Gartner,  by 2025, artificial intelligence technology will account for 44% of the global AI-based business value.

Image Source: gartner.com

Read More: How ML & AI Applications Are Empowering Businesses In 2021: 11 Uses That You Should Know!!

2. Remote Work Culture Will Become Normal

Google Meet, Skype calls, etc., were something that people rarely use before the pandemic. Nowadays, everyone is completely used to this, and we saw a huge spike in their demand. 

There is a rise in the remote work movement. The Gartner report says 82% of companies are planning to work remotely till the pandemic is over. Some companies say (around 47%),  their employees will work remotely for full time. 

PwC survey includes 78% of 669 business leaders who decide that remote collaboration is normal and stay.

Similarly, Upwork predicts 22% of companies will be working from home by 2025, a staggering 87% increase compared to pre-COVID times. 

Image Source: remoters.net

However, being away from the office and working doesn’t mean companies are not monitoring employees’ productivity and more. Besides, they are using time tracking applications, productive tracking applications more frequently than ever before. They are using it to observe screen time, screenshots of activities, and even GPS tracking.

Embrace technologies like AI, Big Data, Cloud Computing To Grow Even More In The Future!!

3. Cloud Computing Revolution 

This pandemic, the work process has changed; people are now working from home and shopping online.

All of these are possible because of new technologies- one of these is cloud infrastructure. If you have the cloud infrastructure in the background, it is very easy to scale operations and deliver on-demand services. 

Surprisingly, the global cloud service revenue reaches $37 billion in 2020, whereas Amazon generates a $130 billion cloud market in the same year. 

Image Source: Statista

The social restrictions and remote working have put a tremendous strain on businesses and have forced leaders to operate cloud services to maintain agility. It is an alternative way to run their services through these tough times. 

Forrester says the global public cloud computing infrastructure will market around 35 percent to $120 billion in 2021.

4. Opportunities In Growth Of Virtual Services

Organizations can automate, streamline, and improve their business operations using technology. Companies like Amazon, Google, Microsoft are doing this very effectively where they are trying to automate as much of their services as possible.

Today, virtual services draw the biggest business value and opportunities to deal with COVID 19 crisis. The impact of it is very different not only for the health, retail, supply chain industrialist but even specific sectors like media and entertainment; the things are different. 

According to Statista, the market size for enterprise-based VDA (virtual digital assistant) will have tremendous growth from 2016 to 2025. The VDA market hit around 5 billion U.S dollars in 2020 and is expected to reach over 20 billion U.S. dollars.

Image Source: Statista

We can see tremendous growth and unbelievable demand for all things over the Web. Whether it is digital entertainment, digital consumptions, digital tools, people are using tremendously.

Such as gaming, subscription-based video like Netflix, Amazon Prime is growing.

5. 5G-The Coming Future Trend 

Every once in a while needs technology change that gives benefits in the business landscape. 

The current scenario has caused businesses to understand the severity of technology like 5G. The new normal is fitting under the surface of technology, allowing employees to interact with their companies digitally. 

5G technology has the light to flourish the tech world. When you first hear about this latest technology trend,  you learn that it’s maybe 100 times faster than 4G, and you say to yourself- Waw, I download large files in nanoseconds. 

When you think about the future, 5G holds a great place in changing the world. It regulates the faster-working processes. Well,  it tends to perform outstanding service in providing effortless collaboration in an organization through video conferencing. 

According to a Statista report, smartphone subscriptions for 5G worldwide will reach 600 million this year, it 3X times more than the 2020 total. Whereas 5G subscriptions will keep on increasing, and it might hit 3,313m in 2026. 

Image Source: Statista

Read More: Future of IT: Top 9 Leading-Edge Technology Trends for 2021

Wrapping UP!!

These are the technology trends that are shaping digital infrastructure for 2021 and the future ahead. The pandemic has taught us how digital growth can help us in accelerating business processes. These technologies will give a clear picture for their organizations to stand out in the market. 

Business leaders who understand the importance have already embraced these trends for the ever-changing future. 

So, let’s dive into it for digital growth and see positive ways of operating them with excitement. If you embrace these trends, it will offer better quality, safety, efficiency, productivity, and most importantly, provide convenience to operate multiple business processes.

FAQs

Q1: What are the top trends in digital marketing for 2021?

A1: 2020 has been a very challenging year for many marketers and even for digital marketers. Still, some of them were trying to shift from traditional media to digital media. So,  let’s have a look over some incredible digital trends that will rule 2021 and beyond. 

• Programmatic Advertising
• Chatbots
• Conversational Marketing
• Personalization
• Video Marketing
• Influencer Marketing
• Social Messaging Apps
• Visual Search
• Micro-Moments
• Voice Search & Smart Speakers

Q2: What are the newest technology trends in 2021?

A2: Technology trends are shifting, changing continuously to have a better experience with the real world. There are some technologies you can’t afford to skip in 2021 and the coming time. These technologies are fantastic for operational side folks and marketing side folks as well.

• DevSecOps
• Intelligent Process Automation(IPA)
• Tactile VR
• Big Data Analytics
• Human Augmentation
• Everything-as-a-Service(XaaS)
• Cybersecurity
• Artificial Intelligence(AI)
• Edge Computing
• Intelligent apps
• Data Science
• Internet of Things
• Blockchain
• Robotic Process Automation (RPA)

Q3: What are the four types of digital transformation trends in 2021?

A3: Let’s have an insight into what technology you should keep an eye out for in 2021 in terms of digital transformation. If you do so, you can create value for your business in the digital world. 

• 5G will go miles in the digital era. 
• Customer Data Platforms (CDP).
• Increasingly steps toward a hybrid cloud infrastructure.
• Cybersecurity leads to falling in the list of critical tech trends.

Q4: Which technology is best for the future?

A4: We have addressed many tech world changes, and some of the technologies will fuel our coming year. 

• Artificial intelligence (AI) 
• Machine learning.
• Augmented humans.
• Big Data 
• Augmented analytics.
• Blockchains 
• Distributed ledgers.
• Cloud 
• Edge computing.
• Digitally extended realities.
• Voice interfaces and chatbots.
• Computer vision
• Facial recognition
• Quantum computing.
• Mass personalization and micro-moments.
• Nanotechnology and materials science.

The post #Technology Treasure: Which Digital Trends Will Transform Today & Tomorrow!! appeared first on Techieapps.

We all remember when we had to stand in long queues for different banking services like money transfers, bill paying, loan services, and more. But now the time has changed; you can do all banking transactions from minor to major just by sitting on your couch using your smartphone.

With the evolution of technology and innovation, the banking industries have seen a massive transformation in delivering financial services. The greater access to information technology and the use of smartphones gave birth to the “Fintech industry.”

Fintech Industry acts as financial expertise firms like banks that provide financial services like lending, payments, and cross-border transfers to their clients. They rely on the latest technology and innovation to deliver financial services through internet-based platforms.

Source

As of February 2021, there were 10,605 fintech startups in America, 9,311 such startups in the EMEA region, and 6,129 in the Asia Pacific region. (Statista)

According to the Fintech market share, the Fintech Industry size was $159 billion in 2019 and is expected to grow 25% in 2020. The Fintech Industry  is projected to grow an average of 25% from 2018 to 2022

Source

Since the 2008 financial crisis, the Fintech Industry has come up as an emerging financial service sector with around 10,600 Fintech startups in America itself.

The core area on which Fintech Industry is working is enhancing the user experience by making transactions faster, 24×7  access, immediate consultation, and remote account opening, which traditional banking lacks. Let’s look at some other reasons that gave rise to Fintech companies.

Banking Limitations That Gave Rise To The Fintech Industry

• More rigid organizational structure
• High operational cost
• Bound to many rules and regulations
• Lack of Innovation
• Refrain from using the latest technologies
• Merely focus on enhancing the consumer experience.

Growth Of Fintech Industry

As per the business research company, the Global Fintech Market is predicted to grow at a CAGR of 9.2% to nearly $ 158.014 billion by 2023. It will grow at a CAGR of 10.2% to around $ 191.84 billion in 2025 and $ 325.311 billion in 2030 at a CAGR of 11.1%.

The Fintech Industry’s popularity saw a spike during the covid-19 pandemic as people preferred the digital mode of payments during that time and is likely to continue. Still, security reasons like Electronic frauds, Technology failure, and data misuse could hinder its future growth.

Fintech Industry Vs. Banking Sector

The Fintech Industry relies on technology that improves the delivery of financial services. In contrast, banks are financial institutions authorized to receive securities from their customers.

Key Difference Areas

1. Purpose

The critical factor that makes the Fintech Industry different from traditional banking is the primary focus of Fintech firms is to enhance the overall user experience. In contrast, traditional banking focuses on security and risk management.

2. Technology Reliance

Fintech companies rely heavily on technologies like Artificial Intelligence(AI) and Automation, while banks are not dependent on technological advancements.

3. Structure

Banks are more process-oriented, and they have a rigid organizational structure, making it difficult for them to adopt new technologies.

Fintech firms are customer-oriented and have organizational structures with fewer barriers that encourage innovation.

4. Target Audience

Fintech targets those with low credit ratings; on the other hand, banks target customers with a high credit score. 

How is the Fintech Industry Impacting the Banks?

The Fintech Industry has changed the face of banking and financial services. It has made financial services like lending, payments, and loans related services easy and flexible.

Source

Financial institutions have drastically emerged and improved in the last few years. It has changed how the bank operated and has opened a vast new market for market-based lending.  

The technologies used by Fintech companies have played a significant role in making the banking sector adopt the latest technologies.

Now bank-related services like money transfers, remittance transfers, loan-related services, and insurance services are done instantly and flexibly. Let’s discuss this in brief.

Payments and Money Transfers: Fintech firms made payments and money transfers more accessible than ever. Now you can transfer your money to anyone and anywhere around the world using mobile applications on smartphones.

E.g., PayPal allows you to transfer and accept money to anyone and anywhere instantly.

Remittance Transfers: The global remittance services used to be expensive and complicated because of many hidden charges, including FX spreads, commissions of many intermediaries, etc.; over the years, Fintech Industry made international remittance transfers fast and also refrains from charging all kinds of hidden charges.

Bank Loans: Taking bank loans used to be a complicated process. With the rise of Fintech, taking loans has now become easy and flexible.

These industries are providing faster loan applications to consumers and business organizations, including small and medium enterprises.

Fintech firms have also replaced traditional credit scoring criteria with machine learning and algorithms, making it possible for people to apply for a loan in a less complicated way.

ET Money is one of the popular Fintech apps that allows you to get instant loans.

Insurance:  Innovation in final services and banking makes it possible for people to take all kinds of insurance services by sitting at home using their smartphones, making it a flexible and straightforward process.

Lemonade is among the best Fintech apps that help you get insurance in record time.

Fintech has transformed every aspect of financial services and banking, but it can’t overtake banks completely.

The innovation introduced by Fintech has made banking transactions faster, cheaper, and more accessible than in the past. However, banks are still needed for highly regulated services like allowing people to keep their money safe in their bank lockers.

The innovative technologies used by Fintech firms will likely change how the financial sector operates and interact with their customers. 

Banks will have to invest in new technologies to address their customer needs better and effectively. Still, it’s going to be difficult for banks to adopt these latest technologies and innovations using the traditional business models.

Read Also

Several global banks are already cooperating with technology companies to explore blockchain further. For example, Ripple, a San Francisco-based company, is trying to create its blockchain network for global banks.

How are Banks Collaborating with Fintech Firms? 

It’s ideal for banks to connect with Fintech companies rather than seeing them as their competitors. This partnership will help create an open banking network that allows traditional banking to deliver faster services for their new-age clients.

You may have heard about the Commerz bank collaboration with IDnow. IDnow helped Commerzbank verify their customers’ identity for their mobile app via video on their smartphone or computer, resulting in 50% increased conversion for Commerzbank.

Another example of a bank collaboration with a fintech firm is Minna Technologies’ partnership with Swedbank. They help Swedbank’s customers manage their entire subscription by purchasing new subscriptions and tracking how much subscription is left.

According to Ron Shevlin(Director of Fintech Research), Bank and Fintech partnerships are a win-win situation as Fintechs will help banks offer services that would take them years to develop. On the other hand, banks will help Fintech scale distribution in a faster and cheaper way.

What Are The Core Benefits Of The Fintech Industry? 

Source: VectorStock

The Fintech industry is an emerging field that uses new technologies to complement traditional banking services. Some benefits that Fintech firms to businesses and startups are:

• Better customer services.
• Personalized services.
• Lower costs with no canceling and modification fees
• High flexibility
• Greater speed

The Fintech Industry needs to be entirely understood as apart from delivering a good user experience, it also poses some risks that you can’t ignore. Here are some limitations of Fintech firms.

Risks Associated With Fintech Firms

Source: VectorStock

According to ImmuniWeb, 98 percent of the top 100 Fintech start-ups are open to cyberattacks, including phishing, app security attacks, etc. Apart from these cyber threats, it poses some other risks for clients like:

• Lack of data security
• Misuse of personal data
• Difficulty in identifying customers
• Electronic frauds
• Technology failure
• Cloud-based security risks

Final Verdict

Banking services have massively transformed majorly in the last few years. The rise of the Fintech revolution leads to banks starting to invest in the latest technologies and innovations. 

The Fintech firms use innovative technologies to deliver traditional banking services like money transfers, bill paying, and loan services quicker, making the consumer experience their priority.

The growing trend of digitalization and innovation has set customer expectations high regarding financial services. It will be difficult for banks to adopt the latest technologies using the traditional business models.

Fintech services have seen massive growth in the past few years, with a low level of disruption. Still, they fail to deliver the highly regulated service that the bank performs better.

However, Banks have started seeing Fintech firms as their partners, not competitors. Many central banks have already begun to collaborate with Fintech firms to address their consumer needs faster and effectively.

FAQs

Q1-What is Fintech?

A1-Fintech(Fintech technology) is the technology that uses the latest technologies to automate and improve the banks’ financial services. Some of the leading Fintech companies are PayPal, Ant financial, and more.

Q2-What are the best Fintech companies?

A2-Here are the topmost FinTech companies from around the world 

1. Ant Financial

 Ant Financial, introduced in 2004, is an affiliate company of the Chinese Alibaba Group. It originated from Alipay.

2. Xero

Founded by Rod Drury, Xero is the fastest-growing cloud-based accounting software platform for small and medium business enterprises.

3. PayPal

PayPal, founded in December 1998, is an American company that provides easy online money transfers and works as an alternative to traditional banking methods like cheques and money orders.

4. Transferwise

TransferWise, founded in January 2011 by Estonians Kristo Käärmann, is one of the world’s best global money transfer companies. The company supports over 750 currencies.

Q3-Why is Fintech the future?

A3-The Fintech industry’s future looks bright as the number of Fintech Industry in the world is rising. According to some research, the Fintech Industry will reach $191,840.2 million in 2025.

 Fintech companies have changed the financial services sector by delivering fast and effective services to the consumer, and this trend will continue to rise in the future.

The post Is the Fintech Industry A Threat to Global Banking: Myth or Reality? appeared first on Techieapps.

Paytm, on Tuesday, released a new edition of its ‘SoundBox’ with extra solutions that facilitate payments’ acceptance as its attempts to equip 50 lakh traders with IoT-enabled devices.

The organization, which previously has more than nine lakh retailers utilizing its IoT devices, intends to carry 5 crore traders into the mainstream market with its resolutions.

Paytm has lately declared that it has gained over 1.2 billion monthly transactions driven by the extensive increase in financial services and offline payments.

Vijay Shekhar Sharma, the CEO and Founder of Paytm said, “Our target is 5 million IoT devices, (which is) 10 percent of the 50 million merchants…We are aiming to reach 50 million merchants in the next two years. Merchants have varied requirements and need different solutions for accepting payments.”

The firm has already encouraged payment acceptance through net-banking, wallets, cards, and UPI for more than 2 crore merchants; hence, assisting them in growing their business drastically, he added.

Sharma mentioned, “Soundbox devices have played a pivotal role in establishing digital transactions as a safe and secure mode of payments, enhancing the trust of businesses and consumers to move digitally.” By its IoT-based devices, traders don’t have to keep monitoring their phones for approval, improving performance, and decreasing queues and client waiting time on the shop floor.

Adding further, he said, “Instant voice-based confirmations of payments help merchants keep track of all transactions, protecting them from getting duped by those showing fake screens and false confirmations…The Soundbox 2.0 comes equipped with a digitally enabled screen that gives instant visual confirmation of the paid amount along with the voice-based response.”

Moreover, retailers can utilize the device to get the payment statement for the entire day and suggest when it doesn’t have the charge. The device currently supports five languages – Hindi, English, Kannada, Telugu, and Tamil; the organization intends to combine more regional languages, such as Marathi, within the last few months. 

Vijay said the firm is examining preparing the devices produced in India. The gadgets are currently imported from China, Taiwan, and some other countries. Moreover, Paytm’s Smart POS for Android mobile phones allows traders to allow card payments via their smartphones. This app converts a phone into a system that accepts credit and debit card payments like a conventional card machine.

Compatible with Paytm, smart POS allows merchants to seamlessly begin accepting contactless card transactions anywhere and anytime. Paytm has been associated with commercial services institutions, such as MasterCard and Visa, for aiding card pay for smart POS. 

Sharma said, “Paytm is committed to bringing new-age financial technologies and services to small and micro-merchants in India. The launch of Soundbox 2.0 and Smart POS for Android phones expands opportunities for small businesses to experience these latest technologies at the most affordable price.”

The in-store payment offerings of Paytm, including the All-in-One QR, are instances of the top ‘Made in India’ innovation, he added.

The Group Country Manager (India and South Asia) at Visa, TR Ramachandran, said, “As a pioneer of the Tap to Phone solution with EMVCo, at Visa, we are particularly excited about Paytm Smart PoS’s ability to offer a seamless, convenient and interoperable solution for merchants that will help them accept payments securely from millions of contactless cards in the market.”

The post Paytm to Equip 50 Lakh Retailers with IoT Devices For Easy Payments Acceptance appeared first on Techieapps.

Have you imagined the way things turned out in the last year? I think no one of us has thought a virus can make a drastic change in our life and business.

Besides immense disturbance and setbacks, we saw a great opportunity in the tech world. While people are sitting at their homes, video conferencing was flourishing like never before.

There was a boon in Personal Computer sales due to an increase in demand. Covid 19 might have crashed everyone’s plans, but much work continues to take place with the help of technology.

Technology was helping the world to shift into a new normal environment. So, the business giants have started focusing on technology trends after the Covid-19 breakout.

But do you know what those technology trends in 2021 will impact your business? If not yet, scroll down to know the latest technology trends affecting business 2021.

Post Covid-19: 9 Technology Trends To Focus In 2021

1. Artificial Intelligence & Machine Learning

Artificial intelligence is dramatically changing the business landscape. It gets started with rule-based automation, but now it can mimic human interaction. An advanced AI algorithm serves better reliability and much faster services at a lower cost than its human complements.

Some of the biggest tech companies like Microsoft, IBM, Google, Cognizant, and Samsung are investing heavily in the development of AI-based software & mobile applications.

What are the different applications of AI & ML?

Some application categories include:

• Prediction and classification
• Recommender systems
• Recognition
• Computer vision
• Clustering and anomaly detection
• Natural language (NLP, NLG, NLU)
• Hybrid and miscellaneous ( autonomous vehicles, robotics, IoT)

What are real-time examples of AI & ML?

Nowadays, both technologies i.e AI & ML are contributing together to the development of real-world applications. These applications are benefiting both companies and customers. Some of the real-time examples of Artificial Intelligence & ML technology are

• Google Assistant
• Alexa
• Uber and Lyft
• Gmail
• Grammarly
• Facebook
• Pinterest

Future Prediction: Factual Prediction of AI & Machine Learning

• The global market of AI’s software (artificial intelligence) is going to hit 126 billion $ for the coming year 2025.
• As per the Market Research Future, the Machine Learning global market will hit 42.08% of CAGR during the year 2018–2024. Whereas the AI market will hit 43.41% of CAGR during 2018-2025.

Global Revenue From AI (2018-2020):

2. Robotic Process Automation (RPA)

Robotic process automation is a better approach to reduce costs and increase efficiency. Whether it is handling multiple projects or optimizing tasks, RPA is a powerful and smarter technology for any business process automation.

What are the different applications of RPA?

• Invoice processing
• Inventory management
• Report creation
• CRM data updates
• Network Management
• Software installations
• Data migration
• Vendor onboarding

What are the real-time examples of RPA?

In this automation era, RPA is playing an important role. It has a wide range of use in automating repetitive tasks. Companies are using this innovative technology to automate invoice processing, customer onboarding, data migration, and much more.

Besides, different business departments are using RPA for distinct business processes. Some tech giants are working passionately on intelligent automation or RPA. Here is the list of the leading companies contributing to the digital workforce transformation:

• Kryon Systems
• Automation Anywhere
• Blue Prism
• UIPath
• ProcessRobot
• Kofax
• OpenSpan

Future Prediction: Factual Prediction of Robotic Process Automation

Considering the worldwide report by Statista on RPA shows, it hit the market size of 4 billion dollars in 2020. Also, expect its market size will keep on increasing in the coming year and might hit 10.4 billion U.S. dollars in 2023.

3. Virtual Reality and Augmented Reality

Virtual Reality and Augmented Reality are two emerging technologies that are widely used in designing and developing smart devices. Both of the technologies have gone a long way in the journey of transforming everything digital.

In 2019, there are around 8.9 million AR VR headsets sold out in the marketplace. Besides, this technology provides a powerful impact on visual communication. Today VR/AR is playing the biggest role in transforming the entertainment, gaming, and online shopping experience.

What are the different applications of AR VR?

• Better online shopping experiences
• Personalized Products
• Facilitates Employee training
• In-store navigation
• Contactless trial of the products

What are the real-time examples of AR/VR?

Some companies are creating a greater story with AR and VR technology. Although, it has become an important part of our everyone’s lives. Today’s augmented reality project involves high-performing infrastructure. Companies who are already in with AR and VR are:

• EdTech
• DINOTREK
• ORBULUS
• Disney Coloring Book
• L’Oréal Makeup App
• IKEA Mobile App
• Nintendo’s Pokémon Go App

Future Prediction: Factual Prediction of AR/VR?

• The global AR and VR market is expected to arrive at 72.8 billion U.S. dollars in 2024. This would be an expansion of 54 percent five-year CAGR overspending.
• In 2019, VR gaming gadgets hit 2.8 million units selling. Huge amounts of VR gaming headsets were delivered around the world. VR headsets are getting progressively well known among gamers, and are considered by 37 percent of reviews worldwide.
• The AR/VR spending for location gathering and security intentions is projected to develop with a development rate (CAGR) of 177.4 percent, while spending on enlarged reality games is set to develop at a CAGR of 175.9 percent.

4. Blockchain

Among various technology trends affecting business aspects, Blockchain is the most powerful. Earlier, they are known for improving the performance of financial transactions and settlements. But today it is seen as highly desirable and efficient technology in various economic sectors.

So, it won’t be wrong to say, blockchain is no longer restricted to the finance sector. It has spread to multiple sectors with a multitude of features that can be implemented in various economic sectors.

What are the different applications of Blockchain?

• Secure sharing of medical data
• Music royalties tracking
• Cross-border payments
• Real-time IoT operating systems
• Personal identity security
• Anti-money laundering tracking system
• Supply chain and logistics monitoring
• Voting mechanism
• Advertising insights
• Original content creation
• Cryptocurrency exchange
• The real estate processing platform

What are the real-time examples of Blockchain?

The industrialists have come to realize the potential and promise of blockchain. Not only that but most of these sectors have joined in and started to find the benefits in blockchain technology. The versatility of blockchain technology is what makes it so powerful. Tech giant working on the blockchain are:

• Guardtime
• REMME
• SimplyVital Health
• MedRec
• Barclays

Future Prediction: Factual Prediction of Blockchain?

• Overall blockchain solutions spending hit 1.5 billion in 2018, whereas expected to reach 15.9 billion by 2023.
• The worldwide blockchain technology revenues are going to encounter massive growth in future years. The market size is expected to move greater than 39 billion U.S. dollars in 2025.

5. Cloud Computing

Cloud computing technology offers a wide range of options presently. Most of us are dependent on these technology trends for business and even personal use. The technology is a blessing for basic storage, processing power, and networking. It operates through natural language processing and AI as well as definitive office applications.

Moreover, for any of the cloud computing services, one doesn’t need to be physically present near to the computer hardware. You can have access to service from anywhere to any device. Using cloud solutions you can easily deliver your task to anyone via the cloud.

What are the different applications of Cloud computing?

• Platform as a Service (PaaS)
• Infrastructure as a Service (IaaS)
• Hybrid Cloud Approach
• Testing and development
• Big data analysis
• Storage
• Recovery
• Backup

What are the real-time examples of Cloud computing?

Whether you call it cloud computing or disturbed computing, it is turning into the default choice for some applications. Programming vendors are progressively offering their applications as services over the web instead of independent items.

However, involving cloud computing in your company may cost new expenses and new dangers for organizations. An organization working on cloud computing are:

• Dropbox
• Gmail
• Facebook
• Maropost
• Adobe Marketing Cloud
• SlideRocket
• Datatype
• Amazon Web Services.
• ClearDATA
• Dell’s Secure Healthcare Cloud
• IBM Cloud

Future Prediction: Factual Prediction of Cloud computing?

• The cloud computing services market hit 126 billion U.S. dollars in 2017 and was estimated to develop to 163 billion U.S. dollars in 2021.

6. Internet of Things (IoT)

The Internet of Things is posing the most intricate and complex UX challenges that we have ever seen. Companies are using the Internet of Things to save time and money. It is an amazing technology that can turn off our lights from anywhere in the world using our smartphone.

IoT is any physical object that you connect to the Internet. It allows Doctors to check on a patient’s status from the other side of the world. With IoT-oriented cities (smart cities), one can monitor everything from trash cans to buses.

What are the different applications of the Internet of Things (IoT)?

• Wearables
• Traffic monitoring
• Smart home applications
• Health care
• Fleet management
• Smart cities
• Industrial automation

What are the real-time examples of the Internet of Things (IoT)?

The advantages of IoT produces enormous good things. From a personal health issue to the physical reliability of roads and bridges, IoT is an emerging technology trend.

The name is saying everything about IoT, it is nothing but the interconnection of different things. IoT systems deploy greater transparency and control when applied to any industry or system. So without a doubt, the error ratio is minimalistic in this as compared to human intervention. Some of the industries working on IoT are:

• AIRBIQUITY
• DASH
• ZUBIE
• JOSH.AI
• INSTEON
• EYELOCK

Future Prediction: Factual Prediction of Internet of Things (IoT)?

• The overall market for Internet of things solutions hit 212 billion U.S. dollars in 2019. And, it is estimated that this figure will develop to around 1.6 trillion by 2025.

7. 5G

While talking about 5G, it is much faster than 4G. It has the potential to change everything that we are doing with the existing networks. We are grateful to have 5G around us.

By the end of 2019, AT&T and Verizon had both launched 5g in about 30 cities in the US. It is already claiming that the 5G network will cover over 5,000 cities including some rural areas.

What are the different applications of 5G?

• High-speed mobile network
• Wireless network
• Faster device connections
• Lower latency
• Better battery
• Capacity to connect billions of devices
• Fleet management
• Centralized database management

What are the real-time examples of 5G?

5G has a better future for faster connectivity that will transform our lives in the next five years and beyond. It will offer a high energy, high reliability, and low latency communication. Big companies are active in developing the 5G technology like:

• Qualcomm
• Intel
• Samsung Electronics
• LG
• Huawei
• ZTE
• Ericsson
• Nokia

Future Prediction: Factual Prediction of 5G?

• By 2024, estimates foresee that there will be around 1.9 billion 5G memberships around the world.
• As per the Statista source, 5G connections are going to represent around half of all mobile connections developed in Asia by 2025.

8. Cyber Security

Cybersecurity is an emerging technology that is beneficial to the government and industrialists. It is an exciting technology that is going to improve all of our lives and will change everything to make us all much more productive and efficient.

It is collective methods, processes, and technology to assist you with better protection. Cyber solutions are the technology trends affecting business intelligence currently. It offers confidentiality and integrity surrounding the computer systems or any other devices we are using in the organization.

What are the different applications of Cyber Security?

• Protection against ransomware, malware, phishing
• Safety for networks
• Data Security
• Prevention of unauthorized users.
• Protection for end-users
• Improves recovery time

What are the real-time examples of Cyber Security?

Moreover, it protects our network area and data against cyber-attacks. It doesn’t permit. any unauthorized access. In an organization, the major objective of cybersecurity is to safeguard the organizational assets from both internal and external threats. Some tech giant working on cybersecurity are:

• MICROSOFT- Windows Defender Advanced Threat Protection (ATP)
• CHRONICLE- Backstory
• Splunk Enterprise Security
• SQRRL

Future Prediction: Factual Prediction of Cyber Security?

• The worldwide online cybersecurity technology market size is estimated to rise 248.26 billion U.S. dollars by 2023.
• Worldwide spending on security for identity access management hits 10.58 billion U.S. dollars in 2019. Spending on security benefits, the biggest section of the data security market. Therefore, it projects 64.24 billion U.S. dollars in the exact year.

9. Quantum Computing

The objective of a quantum computing solution is to find methods for speeding up the execution of long scrambles of instructions. Such a method might misuse a noticed wonder of quantum mechanics. Because when you write a mechanism on paper, it doesn’t come across any sense.

Maybe the quickest implication, however, would be the vanquishing of the boundary of trouble that shields cutting edge computerized correspondences from being decoded.

What are the different applications of Quantum Computing?

• Computational Chemistry
• Drug Design & Development
• Cybersecurity & Cryptography
• Financial Modelling
• Logistics Optimisation
• Weather Forecasting
• Cleaner Fertilization.
• Traffic Optimization

What are the real-time examples of Quantum Computing?

The suggestions for a figuring network where quantum handling assumes a great job, are enormous. It offers storm models that represent each water atom; dangerous atmospheric variation models that identify the following year’s forest fires.

Also, it can calculate the pandemic models that learn which types of bats, when burned-through, and under what conditions, produce future Corvids. Many supercomputing features you can avail of to know what is happening presently and what changes it would take in the future. Companies working on Quantum Computing are:

• Microsoft
• JP Morgan
• ISARA
• Airbus
• Daimler

Future Prediction: Factual Prediction of Quantum Computing?

As per Statista, it shows the enterprise quantum computing income increases from 2017 to 2030. The revenue from the enterprise quantum computing services is figured to add up to around 224 million U.S. dollars around the world.

Closing Words!

Artificial intelligence, cloud computing, 5G, the internet of things (IoT), AR, VR, quantum computing are some of the driving technology trends in 2021.

These existing and emerging technology trends will improve the organization’s processing. Above technologies are the trendsetters that will shape the way in which we live and work currently and in the future.

Hope you find this recommendation beneficial for the future of your business If you know any other technology, do write in the comment box. It will help us and our readers to know more about trending technology.

FAQs

Q1: What is the latest technology trend in 2021?

A1: The latest technology trend for 2021 is as follows:

• AI & ML
• 5G
• Cloud
• IoT
• Automation
• Cybersecurity

Q2: What are the good effects of technology trends for business?

A2: Effects of Technology on Business are:

• Technology makes communication easy.
• Motivates employees to work more efficiently.
• Improves technical skills.
• Improving business strategies.
• The Accomplishment of More Complex Tasks.
• More Collaboration with Peers.
• Broadening the area of promotion.
• Help people with disabilities.
• Increase Attention to Audience.

Q3: How does technology trends affect business?

A3: Technology plays an important role in business to improve operations and drive growth. Companies are directly dependent on technology because it enhances business communication, improves inventory management, optimizes production, and also helps in keeping the record of financial activity.

The post Future of IT: Top 9 Leading-Edge Technology Trends for 2021 appeared first on Techieapps.

As a tech reviewer, I know that picking up the right smartphone is a bit tricky and most of us end up with lots of options to compare whether in our nearby mobile stores or online shopping stores. And speaking of current market trends, right now Realme ruling the market, Xiaomi best phones under 10000 are giving a tough fight and the old rivals like Samsung Galaxy, Motorola scores even better. 

So, we are presenting here a list of best phones under 10000 offering great value for money. Also, it included useful tips to help you find the best smartphones under 10000. Tips shared here ranges from how to decide which are the best phone under 10000, price range, and tech specs. 

Let’s Check Out The Best Of Smartphones Under 10000

1. REALME 5 One of the Best Smartphones Under 10000

The Realme 5 is the best smartphone under 10000. With massive upgrade over the Realme 3 that it comes with the Snapdragon 665 SoC. Combined with the 5,000mAh battery inside, the Realme 5 is also a long-lasting best phone under 10000. To add here, a quad-camera setup, the Realme 5 is packed with features. 

Its primary 12MP camera is followed by a wide-angle, and a macro lens along with a depth sensor that offers a lot of flexibility in shooting nice pictures. On the front side of the best phone, you get a 6.5-inch LCD display with a Corning Gorilla Glass 3 over it.

2. Samsung Galaxy M10S Best Phone to Buy Under 10000

Samsung M series phones have been doing a great job with its top performance features and budget phones. Thus, the Galaxy M10s gets a spot on our list of best smartphones under 10000. The phone has a newer, bigger, and higher-resolution display, along with an ultra-wide camera and a 4,000 mAh battery. The Galaxy M10s may not be the best and powerful smartphone in this segment, but it’s a good choice for those who want a decent smartphone from a reliable brand.

The Samsung Galaxy M10 comes with an ultra-wide-angle camera under the range of Rs 10,000 smartphone segment making it quite lucrative. The primary camera also performs well in optimum lighting.  

The Galaxy M10 also features a screen that stretches well to the edges and also has a waterdrop quality that makes it one of the best smartphones to buy under 10000.  

The M10 does offer a good battery life over a day. For the best smartphone under 10000 buyers, a  good battery and decent cameras are fairly important features. The phone can also handle games quite well and the usual social media apps work just fine.

3. Buy REDMI NOTE 7S Best Smartphone Under 10000

The Redmi Note 7S is the only best smartphone under 10000 that comes with a 48MP camera at its rear side. Plus you also get the Samsung GM-1 sensor that makes 48 million pixels and covers 1/2″ surface area to form a sharper shot. The Redmi Note 7S has a reliable Snapdragon 660 Soc at a reasonable price, making it a good smartphone under 10000 for all.

4. XIAOMI REDMI NOTE 7 Top Quality Smartphone Under 10000

The Redmi Note 7 offers a seamless experience that won’t let you down thanks to its Snapdragon 660 SoC. A vibrant new display, the Redmi Note 7 is one of the best phones to buy under Rs 10,000. The Redmi Note 7 has a 4,000mAh battery. 

On quality benchmarks, the Redmi Note 7 is the Snapdragon 660-powered smartphones available in the range of best smartphones under 10000. The camera performance is arguably better than other phones in the same category. Its 12MP camera makes good and sharable photos while the front camera takes good enough selfies. 

The primary camera also has AI scene detection and a night mode that uses multi-frame processing that helps to reduce noise and improve picture details. It is also a good phone design-wise that is protected with Gorilla Glass 5 on both sides. The phone runs on MIUI 10 and is polished quite well and optimized.

5. REALME 3 the Best Phone Under 10000 With Premium Looks

Realme 3 premium design doesn’t make it look like a smartphone under 10000 at all. The phone is also quite responsive because of its MediaTek Helio P70 SoC. The user gets a dual-camera setup on the back of the phone capable of offering portrait mode, and a bezel-less display. Also thanks to its waterdrop notch design.

The Realme 3 best smartphone under 10000 should be bought for its premium design. You also get a transparent case with the phone that’s provided in the box. When talking about the performance, the Realme 3 has the highest scores. 

The phone UI is also quite good and looks far more awesome than before. The phone’s display is also pretty good for watching videos and playing games feels nice. Realme 3’s camera is fine and the photos sometimes lack expected sharpness.

6. MOTOROLA ONE MACRO Best Smartphones to Buy in Budget Price

With a macro camera, Motorola Once Macro packs a 4000mAh battery that lasts longer for one day and a half. Further, it comes with the Android-like experience with no such kind of bloatware installed on it. Although it’s not an Android One smartphone, Motorola has promised to push two years of Android updates for the One Macro. Its impressive battery life and a macro camera make it one of the best smartphones under 10000 to buy.

7. Buy ASUS ZENFONE MAX PRO M1 Best Smartphones Under 10000

The Asus Zenfone Max Pro M1 is one of the best smartphones under 10000 and also you get a sturdy build quality and decent 16-megapixel dual cameras at the back. It is one of the best phones under 10000. Last year, the Asus Zenfone Max Pro M1 was one of the most popular devices in the mid-range segment of budget smartphones.

The phone’s stock Android interface was backed by regular updates. Also introducing new features as well as security patches. In fact, it also houses a large 5,000mAh battery along with a dual-camera setup. On the front side, there is a standard LCD panel.

Liked this? Please share your feedback in the comment section.

Frequently Asked Questions (FAQs)

Q1- What are the important things I should consider before buying a Smartphone?

A1- Some of the key things you need to consider before buying a smartphone:

• RAM along with Processor/Processing Power
• Storage Space
• Cameras
• Battery Capacity
• Built quality and Display
• Security features like fingerprint sensors and face unlock

Q2- Is an Android phone a Smartphone?

A2- Yes, all android phones are Smartphones. Android is an Operating System (OS) used in Smartphones. But, there are some other operating systems for Smartphones. iOS (Apple) is another popular OS for Smartphones.

Q3- How to Choose a Smartphone?

A3- Following Points to be Remember While Choosing Smartphone:

• Set your budget
• Consider the devices, software, and usage
• Determine which features you need
• Pick screen size
• Check for camera quality
• Consider battery life
• Find the best suitable model for you

Q4- What’s better: iOS or android?

A4- As both offer a range of unique features, it depends on various factors. When we talk about Affordability, Battery life, Charging, and Customizability, Android is better. On the other hand, iOS is great in terms of Apps, Accessibility, Camera and Security.

The post List of Best Smartphones Under 10000 With Awesome Tech Specs appeared first on Techieapps.