And in 2023, it’s not going to get any easier.

A recession is coming, and it’s on everyone’s mind. In fact, if you’re like the 70% of other business owners who expect a recession around the corner, you’ll know that you need to start planning now in order to survive the 2023 recession.

Sure, some businesses can thrive during a recession, but the cold hard truth is that unless you are in the minority, 2023 just might be the hardest year your business has ever seen.

But there is hope.

You see, while most businesses will be trying everything they can to keep themselves afloat to survive the recession, you can strategically use technology to recession-proof your business.

Here are just a few things technology can do to help your business to survive the 2023 recession:

• Streamline business processes with software automation
• Create stable, predictable income streams
• Add more value to your customers without costing your company

Streamline business processes with software automation

Even the simplest of businesses requires various processes that must be done regularly in order to survive the 2023 recession.

Many of these processes require labor – and as many business owners know – labor can be one of the biggest expenses for a business.

An expense that must be carefully looked at in turbulent times like a recession.

But, labor expenses are a necessity for any business, right? Well, the truth may actually surprise you…

Many business processes – with the right software – can be automated. The options are endless, but a few common use cases include:
Shorten the sales process
Making new sales is the lifeblood of any business. If you’re not bringing in new leads and sales, then your business is not going to survive this upcoming recession.

If you’re using tech strategically, you can automate and streamline the sales process.

From gathering leads and pre-qualifying to following up and closing the sale, all it takes is some simple software to take care of the sales process for you. That means you can spend less time dealing with unqualified prospects and more time with new business that is going to move the needle for you.
Fulfill orders
What if you could click a button and instantly deliver your product or service to your customer? Maybe you have a service-based company. Within minutes, you could schedule a time to perform your service and have your employees ready to complete that job.

But that’s just the tip of the iceberg.

How about automating the payment process, sending a thank you message, giving a coupon, asking for a referral, and even scheduling a follow-up for next time. All of that done for you – automatically.

Or if you sell products, you can keep track of inventory, process orders, generate shipping labels, and automatically do pretty much everything besides physically putting your products in a shipping container.
Automate administration duties
No owner or manager wants to stay late at the office so they can go over paperwork. Looking through budgets, managing scheduling, and running reports are necessary for any business that wants to run effectively.

These are all things that may seem mundane – but they could be the difference between surviving the 2023 recession and, well … having to get a job at the local Walmart.

I’m talking about getting a holistic view of your complete business – every single day or week – so you know where the choke points are, who your best customers are, and what you should be focusing on.

That sounds great, but doing all of this manually can be boring, expensive, and could lead to costly errors. After all, humans make errors sometimes.

That’s why you need to automate these tasks.

Software doesn’t make mistakes, it doesn’t get tired, and it doesn’t have a bad day. All you have to do is press ‘start’ and your admin tasks are done.

Subscriptions, up-selling to Create stable, predictable income streams

During a recession, fewer people are going to want to part with their money. Every time you make a sale, you have to overcome the customers’ friction of actually making the choice to spend their hard-earned money on your product or service.

Wouldn’t it be nice if you only had to sell to a customer once, instead of making a new sale every month?

Subscription models have been very popular with software as a service (SaaS) during the last decade. The idea of making a recurring income from a single customer is one of the easiest ways to continue having predictable, stable income every month.

With subscription models, customers are used to just paying for a service automatically every month. This is crucial in order to survive the 2023 recession.

Think about it…

If you have a video streaming subscription like Netflix, you probably don’t even think about paying your bill every month. The subscription fee just automatically comes out of your bank account without you even thinking about it.

But what if Netflix had to ask you every single month if you wanted to continue? Every month, you’d have to make the decision to continue purchasing the subscription. And that gives a customer an easy way to say “No, I don’t want to continue my subscription.”

And this model can work with your business, too.

Billion-dollar companies have been built on the simple idea of sending a consumable product to customers every month.

And service businesses continue to automatically schedule customers for their weekly, monthly, or quarterly appointments.

Turning your business into a subscription model could very well be the best thing you’ve ever done for your business.

Through tech enablement and digitizing your processes, Add more value to your customers without costing your company!

During a recession, customers become even more price sensitive. Their budgets are shrinking and that makes the cheapest options very attractive.

But very few businesses can afford to run on tight margins. Oftentimes, it just doesn’t make sense to compete on price. And why should you have to give your product or service away at a discount?

Well, you don’t have to…

By simply digitizing your business and adding software to your processes, you can provide a much better service to your customers. Meaning they pay more. Not only can you provide your customers with a better experience or better product, but you can also do so without costing your company.

Here are just a few ways you can provide a premium service for the same price as you’re offering now:

Provide security and peace of mind
It’s no secret that customers are becoming more aware of their privacy. Customers want to make sure their information is safe.

And that doesn’t even include the real financial cost…

For example, if you’re a lawyer or other professional, sending important documents or other sensitive information through email can lead to a data breach that could cost millions of dollars.

Instead, you can use software to set up a system that allows you to share documents and information with customers in a safe manner.

Not only could doing so give your business a step up over the competition, you’ll be giving your customers and yourself ease of mind.

Work collaboratively and in real-time with your customers

B2C and B2B customers expect instant service. And if you don’t provide service in a quick manner, your customers are going to go elsewhere.

With the proper software, you can skip all the meetings and effortlessly collaborate with your customers, providing them with service and information as soon as they need it.

This could be as simple as providing your customers with up-to-date financial information, as in the case with a CPA, or providing instant customer service.

Strengthen relationships
Every successful business owner and salesperson is in the same business: the relationship business.

By building strong relationships with your customers, you can sell more products and services, more often.

You’ll have fewer customer complaints, too!

But keeping in touch with your customers can seem like a full-time job. Who has the time to wade through their black book and send emails, texts, and calls to their customers periodically?

With the right software integrated into your business, you can automatically follow up with customers. For example, a financial advisor could run software that sends text messages and emails to their clients to touch base and let them know how their accounts are doing.

You could set up these automatic contacts and then when customers reply you have the opportunity to offer more services or upsell different products.

Is this right for my business?

You know that you’re going to have to make a change to endure this upcoming recession, but you might be thinking:

“This sounds great, but I don’t think it’s right for my business.”

Many business owners think that their business just isn’t fit for using custom software. In our experience, that just hasn’t been the case.

Sure, we’ve helped software businesses get their ideas from nothing to revenue-generating businesses in a matter of a few short months.

But we’ve also helped local businesses get online so they could sell their product to a wider market – with very little extra work.

You don’t have to invest in some behemoth of a project to get these benefits. You can incorporate tools using low-code or no-code. Or you could make a small investment and make the tools you’re already working with better.

Or you might be thinking:

“My business can’t afford something like this.”

We’ve worked with a lot of different businesses building very different applications and software to make their businesses run smoother and much more lean.

While doing so, we’ve created a huge number of development tools that make our development process much faster – and cheaper – for our clients.

We’ve essentially built lego pieces that can do anything a company needs in 2023. All you need to do is tell us which pieces you like, and we’ll put it together making sure everything meets your business’s needs.

When you’re ready to recession-proof your business – or just take work off your plate and make your day-to-day easier – shoot us a message and let’s talk.

The ease of doing business is changing. Businesses are driven by how easy it is for their customers to do business with them. In today’s digital space, customers are increasingly looking for convenience. Businesses that understand this and are able to adapt, will be the ones to grow.

In this article, we talk about customer engagement & customer experience, & 6 ways BitCot can help you deliver the best using Twilio.

Customer Engagement & Customer Experience

It would be impossible to miss out on the fact that one of the most important pillars of online marketing is customer engagement. It’s what people are talking about in seminars, at conferences, and even on social media because it’s one of the best ways to build trust with existing consumers or cultivate brand loyalty. In the online world, oftentimes brands build and strengthen a ‘human-to-human connection’ with their customers through many channels such as Email, SMS, App Notifications, Social Media, Live Chatbot, Order journey details, contactless delivery process and more. Using these tools lets brands add value to people’s lives beyond just transactional relationships – long known by you as sales!

Customer experience refers to an individual’s perception of your brand. Every time a customer interacts with you, be it through promotional and marketing material, sales and support staff, or the actual product – they get a perception in their mind about what it is like dealing with you. The way they feel about your brand influences how loyal they are as customers over the long term – either becoming faithful repeat buyers or switching over to competitors. The key takeaways here are that even though all interactions count – one bad experience can turn people off on your brand for life if you don’t handle it right! And don’t forget: this also includes first-time experiences, like when someone buys from you or visits your site for the first time. Here 80% of Americans would agree that a really good user experience is extremely important to them when making decisions on products.

What is Twilio & How it can help

Twilio is the cloud communications platform that more than 50,000 companies and over 2 million developers use as their platform for customer engagement. Using communication APIs, you can send a text or place a call from your app or website with just a few lines of code. With Twilio, you can leverage every channel and type of communication that matters to your customers. Twilio’s greatest strength is in its ability to integrate seamlessly into any software application via its RESTful APIs. What this means for companies is that they have unfettered access to new tools they need today while preparing adequately for the innovations of tomorrow. This shows that Twilio isn’t a software application but instead is sitting between an application and traditional communications systems. When communications and software are together, the end result for the business as well as for the customer will be better outcomes in general. Customer satisfaction is what it’s all about!

Twilio has a core communications API & a series of programmable connectivity options. It’s an API First platform that supports any communication channel, helping businesses reach customers anywhere in the world. Developers love Twilio coz of its multi-functionality and easy-to-customize features.

6 Ways to deliver best Customer Experience & Engagement

Digital Engagement Over Physical One

You are spending lots of money to get customers in physical stores and you have no clue what the ROI is on this. How do you know if your sales forces are actually spending money with them? Have you noticed that the shopper experience is getting worse and worse. Salespeople are not looking at their customers in the eyes anymore and customers feel like they are just a number.

The best way to solve this is to get digital. Get digital engagement for your customers and make them feel great about your brand again. BitCot can help you in digital transformation. We can help you develop mobile apps/web apps, Integrate a Mobile notification strategy – implementing services like click and collect, bookable shopping timeslots, grocery checkout straight from their mobile app, Order notifications, order delivery notifications, marketing messages, and more. The opt-in rates increase successfully when you implement these digital engagement activities.

Build Engaging Customer Experiences

Let’s talk about how you talk to your customers. Whether you’re notifying them when orders ship, providing support over the phone, or confirming their reservations by text, in our hyper-connected world, your customers want you to connect with them on the communication channels they use every day. They expect you to do it in your app, your website, and across devices, using text messages and video, through Facebook messenger and in chat windows with bots or live agents. To reach your customers, you need to be on these channels securely and around the globe.

Building a Consistent and Engaging Customer Experience is very vital for any business. With Twilio API integration It is possible, to set up multiple communications channels & start sending engaging messages.

Optimize Connectivity Operations

Using the cloud for connectivity services means you and your customers are always connected. You can set up communication services within minutes by using the versatile tools in TWILIO. You can set up an SMS as an alternative to emails, or use WhatsApp as a way to get in contact with your customers anywhere in the world. These are just some of the many services you can use to maximize the effect of your business. It’s important to get acquainted with the features TWILIO can provide. From setting up a phone line to sending out mobile messages, there are so many ways you can use communication services.

Streamline Workflows

Streamlining is an essential part of the business because you want to find ways to make your company more efficient. Streamlining can be accomplished in various ways, one way is by revamping the processes that are present. These would include tactics like going paperless, using the latest technology, and other approaches that will help you get the job done easier and faster. An efficient process is very streamlined and accurate. For example, if a customer calls into your website’s business centre for assistance with their cookie purchase but is accidentally connected with a supplier instead, that process could use some streamlining work!

BiCot can help you streamline your workflows, contactless delivery processes, Frictionless customer experience or self-checkout process, with AI & chatbots we can build up automated shopping experiences too.

Build Trust With Communications

Building trust with your customers is very important at every point of the customer journey. It’s good to try and build trust right from the start when you’re just getting to know your customers, but it’s also very important to keep in touch with your customers and continue to build that relationship and trust throughout the rest of your relationship.

A great way to build trust with your customer and let them know that you’re personable is to actively reach out to them and let them know about what’s going on with your business/order. You can do this with Twilio SMS messages that are sent out on a regular basis so that they feel connected to your company and know that you still care.

BitCot can help you set up personalized shopping experiences for customers, one to one engagement with complete information of customers preferences and interests.

Ask for Surveys and Feedbacks

It should go without saying that most customers will let you know how they feel about your business by placing another order or making a repeat purchase. But there are situations where things don’t exactly go according to plan. While it’s a kind gesture for you to follow up in person or by telephone after an unsatisfactory experience, the best way to get actual feedback is through automated channels such as email and text messages. It’s true that these methods of communication can seem impersonal sometimes, but there’s no denying that they do come with their fair share of pros too.

• Satisfaction surveys
• Subscription programs
• Auto-replenishment reminders
• Identity verification
• Customer retention with strong omnichannel engagement

Wrapping Up

Your customer interactions are the heart of your brand. Whether you communicate with people online, on phone, or in person, your business is the result of all of your customers’ experiences. This makes it important – both for the health of your company and for you as a person – to be emotionally invested in reaching out when it matters. Reach out when you want feedback, want to let them know that they can call if they have trouble with something, or just because you care about them and what they think of your business and product!

TWILIO aims to help businesses better connect to their customers through a range of product suites that cater to a variety of needs. When used correctly, TWILIO can help businesses optimize customer service, enhance their merchandising efforts, and much more. The company offers a readily available pricing structure that provides flexibility to businesses based on their needs. TWILIO strives to utilize the latest technological innovations to give businesses greater connectivity to their end-users with the ability to customize their solutions to serve the needs of their businesses.

We hope you enjoyed our blog on the importance of customer engagement. We are always excited to help businesses just like you find ways to improve your customer experience, and we hope that you found this blog post informative. Now that you know the importance of customer engagement and customer experience, it is advised to get started with Twilio soon. If you feel you need assistance with Twilio setup and development, you can contact us at any point in time

Luckily, many business owners, entrepreneurs, and IT professionals like software developers are able to continue working throughout the current pandemic. Sure, some IT professionals are working remotely, but for the others that are just now starting, this predicament may seem like an entirely different world.

If you are able to still work from home, you still need to be productive. After all, what good is it if you are able to work if you can’t get anything done?

In this comprehensive guide, I want to show you how you can still have the same productivity that you are used to at the office — or maybe even more. But first, let’s talk about why working at home can be difficult.

Working from home may sound like a dream for some — no need for watercooler talk or constant disruptions from coworkers trying to “just ask one quick question.” But working from home has its own problems. Let’s take a look.

#1 Communication Problems

IT professionals, specifically software developers, are probably already used to working with a distributed team across different time zones, but some of you may not have had the chance to experience the unique “challenges” from working across different time zones. It may sound trivial, but making sure everyone knows when to do things is extremely important.

#2 Decreased Staff Morale

With this pandemic, even the biggest homebodies are beginning to become stir crazy. And that can affect how team members work with one another. Right now, we don’t know when all of this is going to end, so for many, it can seem like there is no end in sight. This, of course, can make even the best performers lose morale.

#3 Decreased Productivity

Remote developers and business owners that are used to working at home may find that working from home makes them even more productive. That’s great for them, but some people just can’t get the same amount of work done at home. And that reduced productivity can really cause a strain on your business.

Those are just some of the biggest problems that IT pros and business owners new to the working from home lifestyle can have. Luckily, there are solutions to many of these problems.

#1 Optimize your Home Workspace

At the office, you most likely have a dedicated workspace. Your brain knows that when you sit down at that place, it’s “work time.” But when you don’t have an area like this at home, it may be very difficult to get into that working mindset. Many software developers with lots of experience working from home can tell you that it was one of the biggest problems when starting out. 

So, how do we take care of this problem?

#2 Set up a Dedicated Work Area

If you have a home office, you absolutely need to use that for your work. Many people that haven’t worked from home before just can’t wrap their heads around doing work at home on the computer. So, if you’re living with others, they might try to bug you. You should consider having a house rule such as “when the office door is closed, I am not available.” 

Depending on how much you use your dedicated space, you may be able to write that off as a work expense on your taxes. Make sure to ask your accountant about this.

If you can’t find a quiet space, you should consider investing in a pair of active noise-canceling headphones. IT professionals that fly a lot and do work in planes will tell you that noise-canceling headphones are an absolute must if you want to get any work done in a noisy environment.

#3 Use Two Machines

If you can, you should use two computers: one for work and one for personal use.

For many, this may sound like overkill. “Do I really need to have another computer just for work?”  

Yes.

By having one specific device used solely for work, you can hack your brain to put you into “work mode” whenever you sit down at your work computer. Your work computer probably won’t have all of the fun stuff like games and other entertainment to get you sidetracked. Trust me, the cost to buy a separate work machine will be trivial compared to the amount of time you’ll save by doing so.

If for some reason you can’t have a dedicated work machine, you can at least set up different user accounts: one for work and one for personal usage. Another option particularly useful for developers is setting up your machine to dual boot operating systems. All of your personal use can be done on Windows while you do all of your development work on a Linux distro.

Work productivity is just one thing that the #coronavirus is having a negative effect on. Yes, you need to make sure you stay productive during this time, but you also cannot neglect your health. After all, if you don’t take care of your health, then that can affect your work among pretty much everything else you do in life. Here’s what you can do at home to make sure you stay healthy.

#1 Take Frequent Breaks

Your body is a machine. If you leave if running full speed for 24/7, you will quickly get burned out. In order to prevent this, it’s imperative that you take frequent breaks. Get up from the office chair, grab a glass of water, take a nap, or walk around for a bit. At first, you might think this will be a waste of time, but the productivity boost that you’ll get from doing these things will more than make-up for the time used. I personally use the Pomodoro technique that uses “work cycles” and “rest cycles.”

If you just can’t seem to make yourself take breaks, you can use tools like TimeOut or Smart Break to force yourself to take breaks. These apps are especially helpful for developers. We’ve all had moments where we couldn’t crack a tough problem, but while stepping away for a few minutes, the answer seems to come out of nowhere. 

#2 Exercise

We all know that sitting in an office chair for eight hours a day isn’t good for our health; we all really need to be moving a little more. Right now, it’s hard to get to the gym or even do simple outside exercises such as jogging. Luckily, YouTube has you covered. There are a ton of videos on YouTube showing you how to do everything from beginner yoga to intense workouts. 

You can do your exercises before work, after work, or even in your short breaks. You might not like the idea of exercising in your home, but the health benefits are worth it. You can spend a few minutes a day doing some simple exercises to keep your body in top shape.

#3 Get Fresh Air

Many countries are issuing stay at home orders, but if you have a yard, balcony, or something similar, you might be able to stand outside for a few minutes and get some fresh air and sunlight. Specifically, vitamin D from the sun and fresh air can ease muscle aches and cramps, strengthen bones, improve your mood, replenish energy, and get your brain going.

There are many tools on the market, both free and paid, that will help you with project management and collaboration with your team. Here are a few of our favorites.

#1 Zoom for Video Conferencing

Skype is old news. Now, everybody from schools to Fortune 500 companies is using Zoom. It can be used for holding meetings or client calls — pretty much anything to do with video communication. Currently, Zoom is even allowing free access to premium features. If you do any kind of video or audio communication online, Zoom is worth checking out.

#2 Slack and Microsoft Teams for Communication

How many unread emails do you have? How many do you go through a day? You probably spend way too much time going back and forth with your team over long email chains. Instead, you should use tools like Slack and Microsoft teams to make sure everyone can communicate easily and you’re not clogging up each other’s inboxes. These tools also have other features like easy file sharing. 

#3 Project Management Tools

Even small teams can benefit from having a project management tool to keep track of everything. Tools like Trello and Asana are used by large organizations to keep everything on track and keep everyone in the know. If you have never used a project management tool before and you are a part of a team, you need to start using one ASAP.  

Meetings are a necessary evil in pretty much any organization. Nobody wants to have them, but nobody especially wants to have unproductive meetings. Having meetings remotely brings in additional challenges. Here’s what you can do to help.

#1 Have a Tight Agenda

If you don’t have a specific agenda for your meeting, you will end up getting sidetracked. You and your teammates will start talking about something else, and before you know it, an hour has passed, and nothing has gotten done. Using techniques like the Level 10 Agenda can ensure that you are not wasting any time during your meetings.

#2 Start with Wins and Shout Outs

Starting a meeting out on some high notes can be really great for employee productivity. When everyone on the team can see the successes of the whole business, they get a better understanding of how their work is contributing to the bigger picture. Shout outs can also motivate especially competitive team members and make them work that much harder.

#3 Be on Time

I know it sounds so simple, but by just making sure everyone shows up on time, you’ll make your meeting much more productive. Think about it. If only six people start a meeting ten minutes late because someone didn’t show up on time, that’s an hour of productivity that your business has wasted. That doesn’t sound like much, but that can really add up if you frequently have meetings. This doesn’t include the irritation that your team members will have because they all had to wait on one person.

#4 Get Everyone on the Right Time

Working with people around the world and timezones can cause some headaches. If you are a busy business owner, then you probably know the benefits that come with having a calendar app. Some calendar apps like Google Calendar let you put events on your calendar and add participants. On Google Calendar, you can also set reminders that send a notification or email to you before you event so you can prepare.

You can also use tools to figure out time zones. When traveling internationally, you’ve probably seen walls filled with clocks containing different time zones from around the world: New York, Beijing, Tokyo, and the like. Luckily, at your home office you don’t need to fill your wall with all of this clutter. Instead, you can use a tool like Every Time Zone to quickly figure out what time it is where your teammates are.

You can also set one official time zone to reduce confusion. Instead of everyone asking “what time zone are you talking about” whenever you mention the time, you can tell your team that all times are in one specific time zone, Pacific Daylight Time, for example. Then everyone else can figure out what time that is in their own time zone.

The current business climate is affecting everyone right now. Chances are, you have less client work than you did a few months ago. Here’s what you should do with that extra time you have.

Read more

Pretty much everyone says that they would read more if they had more free time. Guess what? Right now, you probably have more free time than you ever did before. Business owners, developers, marketers, and anyone else can benefit from reading about their industry. 

Business books are great for helping you think of new business and marketing strategies. Many of these books are also great for developing your business mindset — something that will affect how you think of the business for the rest of your life. That’s quite the investment.

Developers also have many options. Depending on what kind of developer you are, you may find it helpful to brush up on programming algorithms or

Get A Free Consultation About New front-end Frameworks

Video and Podcasts

Many developers know that a good video tutorial can help them grasp a new concept fairly quickly. YouTube seems like the obvious place to go to watch development tutorials, but that’s just scratching the surface. Udemy and LinkedIn Learning also have highly produced videos that can teach you the newest development tools and practices.

Videos and podcasts are also great for watching and listening to interviews of thought leaders and others in your industry. These are especially useful for the tech industry where you can find many interviews of startup founders and see exactly how they became successful.

For many, right now is a really tough time. But you have the power (and opportunity) to take advantage of the current situation. Now you may have the time to work on that extra project that has been sitting on your desktop for months. Or maybe this shakeup gives you a chance to try out new things in your business that you never thought of — things that will help your business for many years to come.

The important thing to remember is that we are shaped by our challenges and how we react to those challenges. After this crisis is over, we may just find out that this challenging time was a season of growth for not just our business, but for us as people, as well.

Let us know how you use this in your own apps. Read our blog and be sure to keep in touch on Twitter and Facebook for updates, including announcements when we release additional educational resources.

Even our devices, such as laptops, mobile phones, tablets are all connected. Your browser on one device will resume from the page you visited across devices. A wristband on your hand gives you a live details report of your health conditions, by instructing your speaker you can schedule an appointment for the doctor and book a Uber to your doctor, you can schedule a later date to make a hotel booking for your business travel, and many more IoT applications in our daily life smoother the process of performing a task.

Let’s take a look at what all IoT has made available to us so far

IoT Application – Wearable

From the most basic to the most advanced wearable gadgets are sold widely all around the world. The most popular and basic application is for the live update of your location, details of your footsteps, etc.

Say you’re on your morning jog, and you receive a working mail. The notification will pop up on your smartwatch, and with just a glance you can find out the name of the sender and subject of the email, and ascertain the urgency of the email. You skim through all such notifications on your watch, without reaching out for your mobile phone. Wearable gadgets give you information about incoming calls, messages, emails, all at a single glance, helping you make decisions faster.

Athletes and sportsperson use the device for detailed analysis of their movement, the effect of the fitness activities and training regimes. Many devices give the precise weather conditions and distance, during practice and training sessions, with the minutest details athletes, can improve their game and take it to the next level.

For instance, while playing golf the device gives the exact distance of the ball from the hole. With precise information on the wind speed and slope of the green, you can choose your club for the stroke. As you repeat this routine, you will be able to identify the mistake you make, so that you can improve on them.

IoT Application – Healthcare

Healthcare is the largest beneficiary of IoT, as information for all patients and the medical practitioner will be available online. Patients no longer worry about maintaining their medical records, and doctors can access the entire information of the patient conveniently. Patients can monitor their health daily and doctors can go through the charts during consultations. The slightest abnormality can be identified and treated by the physician, without missing any symptom.

IoT Application – Smart Home

Ever since Iron-man came out, everyone has been going crazy about Jarvis and how Tony Stark can control everything in his house seamlessly through Jarvis. A smart home can be set up with the integration of all the devices including the air conditioners, lights, washing machine, CCTV camera, locks, etc. The application enables you the control of the devices from any location, as long as, devices remain connected to the server.

The appliances in our homes are getting integrated, enabling the performance of tasks without physical presence. Through integrated applications setting the room temperature, unlocking doors, monitoring the house can be done remotely. You can control and answer the door through applications, allowing the visitor to enter the premises by unlocking the house door.

IoT Application – Automobiles

With the help of IoT driver-less cars have become a reality. After feeding the details of the destination, the car will follow the most convenient path to the location. Big players like Tesla, Google, Apple have been present in the automobile industry and have integrated the use of technology to optimize the use of automobiles. IoT enables the health checkup of the car and suggests maintenance and repair work when necessary. With better health of the automobile, lesser pollutants infiltrate the air around us, making the environment cleaner.

IoT Application – Urban

For urban residents, automated transportation, waste management, energy distribution, surveillance, water distribution, and environmental assessment are the direct results of IoT. Not only will optimal utilization of the resources bring down the costs, but with better distribution, the resources will be able to reach more homes.

Cities will be able to identify the sources of pollution and tackle the root cause of it, making the lives greener and healthier. Trackers will enable data collection of noise pollution and air pollution at different times of the day, and create a chart with proper indices. This information is imperative to effectively combat the menaces in the surroundings and effectively bring down the level of pollution. Urban planners will improve management systems and keep the cities cleaner and safer.

IoT Applications – Agriculture and Industrial

Industrial

IoT enables the tracking, packing, and shipping of products including the tracking of raw materials, and the condition of the finished products. IoT enables Industries to identify means for efficient production units through the reduction of human intervention. The raw materials are molded into finished products with minimal human intervention, reducing the production time of each product and improving the quality of each product at the same time.

Agriculture

IoT in the agricultural sector has multi-faceted benefits for the farmers and as well as the consumers. With IoT, accurate information is garnered about the health of the crops and soil, and the farmer is able to take necessary action to improve these conditions. The direct result is the higher yield and quality of the crop. With this necessary conditioning, the farmer will be able to produce better from his land than ever before.

For consumers all around the world, this is indeed a great utility of IoT. The higher yield, farmers will sell larger quantities of their produce, thereby reaching more houses and bringing food to many more tables. The other advantage is that with the better quality of their yield, the product will carry healthier nutrients.

These are some of the applications of IoT which have already been rolled out. With further research, many more uses of IoT will be identified which will improve the quality of life.

More Articles From BitCot:

https://www.bitcot.com/reasons-on-why-should-a-business-choose-ios-app-development-platform/

https://www.bitcot.com/how-to-choose-between-a-native-web-or-hybrid-app/

https://www.bitcot.com/top-5-features-ios-12/

Tags: android developer san Diego, ios application development services in san diego, san Diego mobile app developers, app development san Diego

The Challenge Of #integration Today:

The variety of business applications available today address every conceivable challenge that a company could encounter. Most of these mobile apps are simple to use, easy to set up, offer beautiful interfaces, and require no training. Integration is a key component across enterprises necessary to grow and deal with operational efficiencies. It has been along for a long time. Traditional ways of connecting apps through custom development are labor-intensive, lack flexibility and just can’t keep up. Thus, we need an integration strategy to holistically address the growing complexity of cloud applications through automation. This is where iPaaS comes into play. iPaaS, or integration Platform as a Service, are platforms that standardize how applications are integrated into an organization, making it easier to automate business processes and share data across applications.

iPaaS in Modern IT Environments:

• Business-to-Business (B2B) data exchanges.
• Do complex actions like filtering, transforming and combining data from the system to the system based on your business’s needs.
• Leveraging cloud technologies to streamline complex integration flows, improve efficiencies, manage resources better, and reduce costs.
• Trigger actions based on the data like sending an invoice upon project approval.
• Guaranteed data delivery and data governance.
• Endpoint adaptors and connectors: integration platform as a service typically make it easier to connect with specific applications without needing to code directly via API; this includes specific business applications and communication protocols.
• As complexity increased, buying decisions started moving away from IT, the next generation iPaaS enabled larger volume and a wider range of integrations, thus resulting in a connected enterprise and automating business processes.

The Next Generation of Integration Platform As A Service (iPaaS 2.0):

• Platforms need to be as intuitive as any cloud application.
• Users should be guided clearly through the integration process.
• Integrations can be federated across different parts of the organization.
• It should be easy to deploy, customize, maintain, and scale.
• Best-practices should be productized into pre-built integrations that can be reused.
• Pricing models should fit the needs to accommodate small and large businesses.

Today, iPaaS 2.0 technology is becoming more and more critical part of a company’s tech stack and considered much earlier in the process. With the next-generation of integration platform as a service solution, IT can centralize integrations and automation onto a single platform while significantly reducing the time and resources needed to build and maintain these integrations.

iPaaS ease of use allows integrations to be done by junior developers or even non-developers. From systems analysts to administrators, now anyone can manage ongoing maintenance and troubleshooting, while updates can be handed off to other departments, freeing up IT bandwidth to spend on higher-value activities.

Some Integration Platform As A Service (iPaaS) Platforms:

Dell Boomi:

Recognized as a leader by top analyst firms, Dell Boomi integration platform as a service (iPaaS) is 100 percent native cloud. It’s a shared-everything, multi-tenant platform that supports cloud-to-cloud, SaaS-to-SaaS, cloud-to-on-premises, on-premises-to-on-premises and B2B integration. It provides a solution to connect your data, applications, and people seamlessly. Utilizing the power of cloud technology, it offers a unified platform to handle your workflows from end-to-end. It empowers digital transformation in your organization by taking care of complex technical challenges to leave you focused on driving business growth and success. With a hybrid IT landscape, you can integrate your apps and data sources with ease.

Jitterbit:

Jitterbit is dedicated to accelerating innovation for our customers by combining the power of APIs, integration and artificial intelligence. Using the Jitterbit API integration platform companies can rapidly connect SaaS, on-premise and cloud applications and instantly infuse artificial intelligence into any business process. Our intuitive API creation technology enables companies to reuse business-critical applications and data to bring new offerings to market in days, not months. Best of all, our team of industry experts works side by side with you to accelerate innovation beyond anything you previously thought possible.

Celigo’s Integrator.io:

Celigo offers integration solutions that enable applications to work together as one, in a way that is easy and simple. Over 1500 companies rely on Celigo to synchronize data, automate processes, and streamline operations by integrating their cloud applications. Celigo’s integrator.io iPaaS platform offers a simple and powerful platform through a guided user interface, integration templates, and other tools that empower both business users and IT to easily integrate any cloud applications. Built on integrator.io, Celigo also offers Smart Connectors, a suite of prebuilt fully managed integration applications for popular cloud applications, including NetSuite, Salesforce, Shopify, Amazon, Zendesk, and many others.

MuleSoft Anypoint Platform:

Mulesoft is probably one of the best known of all of these vendors. Mulesoft provides an integration platform (Mule ESB and CloudHub) that allows their customers to connect applications in the cloud and on-premise as well. With the Anypoint Platform, you can design, publish, and manage APIs both on-premises and in- cloud and the platform provides pre-built templates and connectors for the ease of use of the solution. They offer a wide variety of solutions for industries, such as financial services, government, healthcare, higher education, media, telecom, and retail. This hybrid integration platform includes iPaaS, ESB, and a unified solution for API management, design, and publishing.

Is Integration Platform As A Service (iPaaS) The Future?

Glenn Weinstein, an industry expert said “I think we’ll see rapid growth in the popularity of iPaaS. Integration developers want to work on modern platforms that are rapidly evolving. I think you’ll see not only vendors move towards iPaaS, but you’ll see the integration development community pushing that momentum. I also think you’ll see greater adoption by vendors, especially SaaS vendors, in more and more robust Web service [application programming interfaces] APIs. In particular, those that can handle greater batch data scenarios. That makes them iPaaS-friendly and that is going to be increasingly important criteria for your API in the future. That applies for all vendors, not just SaaS vendors”

References:

https://www.celigo.com/what-is-ipaas-integration-platform-as-a-service/

https://www.youtube.com/watch?v=UuFcTUnwGoE

Smart contracts enable us to trade cash, property, offers, or anything which is of significant worth in a straightforward, clash freeway while maintaining a strategic distance from the administrations of any agent. Its an aid to note that bitcoin was the first to be supporting smart contracts as in the system can exchange an incentive starting with one individual then onto the next. The system of nodes will just approve and validate the exchanges if certain conditions are met.

Besides that, yet bitcoin is constrained to the currency use. However, ethereum replaces bitcoin’s more restrictive language and replaces it with a language that allows developers to write their own programs.

There are flaws in these smart contracts, prompting disarray about what they are and what they can do. Here are two of the most common flaws which are as follows;

Security Risk

According to the study by newsbtc, it is said that there is a wide range of perspectives of the smart contract. In the same way, layouts can be utilized through with any extra code it ends as a security hazard. It is necessary to know if ethereum-based contracts are secure or not, as it is indicated by new researchers that the future of ethereum does not seem bright. There are researchers working to improve security standards and reduce vulnerabilities.

The fundamental issue is the manner the smart contracts are utilized to oversee other individuals’ cash. It seems to be an easy and comfortable way but there is a trade-off to be made. These existing contracts can’t be revised which is a major issue.

Analyzing the Code

Despite the fact that smart contracts are intended to reduce the complexity of the operations through their code is truly mind-boggling. Each smart contract is composed by a human coder, yet their information is hard to break down.

The above mentioned are just the flaws of the ethereum smart contract but it just doesn’t end here, as there are many misconceptions about the smart contacts as well. From which a few are listed below;

#1. Smart contacts: they are codes and not contracts: A common phrase quoted by Oliver is that “smart contracts are neither smart nor contracts, they are just dumb code”.

• #2. Smart contracts can operate fully autonomously: The most well-known perception is that individuals have their assumption that a smart contract can effectively examine the surroundings and execute because of changes automatically, i.e. a smart contract proactively questions an outer/external database and changes its own particular state on the bases of the outcome.

However, in the practical world, we have possessed the capacity to computerize the forms since we have computers. Whenever you read something and arrive at conclusions that require smart contracts to automate logic like make a payment based on a share that has a specific date, that is when you have been misdirected. Financial market trading businesses at investment banks have been making automatic payments based on share prices or other data for many years now.

• #3. Smart contracts can make payments in normal currencies: As of now, smart contracts can only make payments in digital currencies (BTC, ETH, and so on), and different balances stored on blockchains, called as coins or tokens. Ethereum smart contracts can make ETH installments, or move around coin/token balances which are recorded on Ethereum. Smart contracts can’t make payments in fiat monetary forms/currencies such as SGD, USD, and others, in general, they reside in bank accounts, and bank accounts are currently recorded on private ledgers – not distributed ledgers.

Smart contracts have the capacity to make fiat cash payments when the representation of fiat is put onto a blockchain, by an entity with the lawful potential to do this, regardless of whether it’s a business bank or national bank or payment institution. This is the only reason getting a representation of fiat currency on the distributed ledger is so important in order to realize the promise of smart contracts and distributed ledgers.

• #4. Smart contracts are self-executing bits of code: This misconception isn’t true. That is because, when you place the cash into a candy machine to influence it to distribute, similarly with open blockchains you have to pay to deploy/run the contract. With a blockchain, for example, Ethereum, you run a smart contract by paying it with ETH (Ether, Ethereum’s native cryptographic money) – this is just as similar to placing the cash into a candy machine.

By and large, smart contracts have significant limitations for certifiable applications. They are not yet ready to contend with contracts/money related items by budgetary/financial establishments, as these organizations are still fundamentally better at managing the unpredictability of contingent esteem exchange. However, as a strategy to oversee and computerized methods in a decentralized database, smart contracts are useful.

References
1.0 https://www.coindesk.com/3-common-smart-contract-misconceptions-explored/
2.0 https://bitsonblocks.net/2017/03/07/three-common-misconceptions-about-smart-contracts/
3.0 https://www.newsbtc.com/2018/02/24/over-3000-ethereum-smart-contracts-contain-major-security-flaws/

Content Marketing is one of the ways to enhance credibility, establish thought leadership, aware prospects and clients and appeal to new customers or even attract visitors to the website. Though, to be effective there must be an absolute value for the reader or customer. In case there is nothing worth in B2B content there is a high probability that consumers might not even visit the website of that company again.

Now the question is, what exactly is valued and is it something that can be created? Once it is created, can it be maintained or built upon – especially in the face of this fierce competition?

B2B customers would not tell you what they want, you need to create the need and to do so you need to create value.

Let’s take a closer look by understanding four basic ways your B2B content marketing can provide value to your target market.

Cover the gaps:

Make content that fills a requirement for your customers. Figure out what points are hot catch issues in your industry that your rivals aren’t covering. Likewise, consider what your prospects need to know to end up as a customer (estimating price, specs, measurements, utilize cases, applications, innovation, advancements, and so forth).

Answer possible questions:

Ask and answer an inquiry/question that your customers are keen on understanding. Do the required research to perceive on what your prospects and customers are thinking by getting some information through conducting surveys or inquiring. If possible, stage ahead with your substance showcasing innovative and current issues content pieces. By foreseeing their necessities, you offer some benefits, as well as you are demonstrating to them that you really comprehend them and are building trust.

Dumb in down:

The objective should be to provide a high quality of writing. Be clear in your substance. The technical content substance can be awesome, however, recall that there different kinds of people reading your content that comes from various foundations, educational levels, and authority levels who are devouring your content. Try not to be hesitant to, as is commonly said, “imbecilic it down.” Remember everybody has a first day, first occupation, or first time in the business – make it simple for them and manufacture yourself as an asset they can turn to as well. If you aren’t able to make your content accessible to various types of readers or viewers, turn to professional B2B content marketing writers.

Plain language is the key:

Relinquish the Lingo. It’s anything but difficult to get into utilizing acronyms or abbreviations and industry terms. Avoid all popular expressions and industry language from your content. When you have made a move and have the content ready, make a stride back and check it for phrasing. Does it utilize anything that is presently a trendy expression?

Using clear popular expressions makes content look dated and stale in the near future, while an excessive amount of industry language naturally makes your content difficult to reach to any individual who isn’t involved in your industry. Keep in mind that CEOs and CFOs or acquiring directors don’t frequently need the business learnings or industrial knowledge to carry out their responsibilities well as they are regularly part of the B2B purchasing process.

A smart contract, it is a protocol which intends to be able to digitally facilitate or enforce the negotiation or the performance of a contract. Without any third parties involvement, smart contracts allow the performance of credible transactions. These transactions are irreversible and can be tracked. Smart contracts are account holding objects on the ethereum blockchain. They contain code functions and can interact with other contracts, make decisions, store data, and send ether to others.

Contracts are defined by their creators, but their execution, and by extension the services they offer, is provided by the ethereum network itself. They will exist and be executable as long as the whole network exists, and will only disappear if they were programmed to self-destruct.

Building the first smart contract:

Building a smart contract using the command line:

To begin with, create a contract and only then an own cryptocurrency token can be sent out. Once it’s done, through crowdfunding funds can be raised and thus if successful it will supply radically a transparent and democratic organization that will only obey its own citizens, will never swerve away from its constitution and cannot be censored or shut down.

Before beginning make sure to;

• Install the Ethereum CLI
• Learn more about contracts

Please confirm that the GUI is closed before entering the geth console. Run geth to begin the sync process (this may take a while on the first run).

First Citizen: The Greeter

The frontier is a major open region and some of the time you may feel forlorn, so our first request of business will be to make a little-programmed friend to welcome you at whatever point you feel desolate. We’ll call him the “Greeter”.

The Greeter is an intelligent digital entity that lives on the blockchain and can have discussions with any individual who collaborates with it, in view of its information. It’s a great listener.

Here is the code:

contract Mortal {
/* Define variable owner of the type address */
address owner;


/* This function is executed at initialization and sets the owner of the contract */
function Mortal() { owner = msg.sender; }


/* Function to recover the funds on the contract */
function kill() { if (msg.sender == owner) selfdestruct(owner); }
}


contract Greeter is Mortal {
/* Define variable greeting of the type string */
string greeting;


/* This runs when the contract is executed */
function Greeter(string _greeting) public {
greeting = _greeting;
}


/* Main function */
function greet() constant returns (string) {
return greeting;
}
}

It can be encountered that “mortal” and “greeter” two different contracts are used. Reason being, that solidity (the use of high-level contract language) has an inheritance, meaning that one contract can inherit characteristics of another. This is useful to simplify coding as there are common traits of contracts that don’t need to be rewritten again and again, and hence all the contracts can be written in smaller chunks. Henceforth, by just declaring that greeter is mortal you inherited all characteristics from the mortal contract and kept the greeter code simple.

The inherited characteristic “mortal” refers to the greeter contract which can be destroyed by the owner, in order to recover funds locked into the contract when not required and can also clean up the blockchain. There is no owner for immortal in contracts of ethereum, meaning that once deployed the author has no special privileges anymore. This is should be considered seriously before making any decision.

Compiling your contract using the Solc Compiler:

Before being able to deploy a contract, the following are required:

1. The compiled code
2. The application binary interface, which is a JavaScript object that defines how to interact with the contract

By the use of solidity compiler, both of these can be found. If you have not installed a compiler, either of the two can be done:

1. Install a compiler on the computer machine by following the instructions for installing the Solidity Compiler
2. Use Remix, a web-based Solidity IDE

Solc on the machine:

Once installed the compiler on the machine, the need to compile the contract is required to acquire the compiled code and Application Binary Interface.

solc -o target –bin –abi Greeter.sol

This will create two files, one file containing the compiled code and one file creating the Application Binary Interface in a directory called target.

$tree
.
├── Greeter.sol
└── target
├── Greeter.abi
├── Greeter.bin
├── Mortal.abi
└── Mortal.bin

It can be seen that there are files created for both contracts however greeter includes mortal therefore there is no need to deploy Mortal to deploy Greeter. You can use these two files to create and deploy the contract.

Once compiled, the code is ready. Therefore, open Ganache and where it would look something like this. These below steps are followed to link the ethereum wallet to the ecosystem, that is Ganache.

Near the top of the screen, an option can be seen that says “RPC SERVER”, which will be further used, later.

Now, unzip your MyEtherWallet download and open the folder. Then, open the index.html file in your browser to see the following screen.

In the top right corner, click on the drop-down stating that MyEtherWallet, select what Ethereum network to connect to. By default, it connects to the Ethereum (ETH) main network.

Click “Add Custom Node”. Now you can input the RPC Server information that Ganache gave us earlier.

MyEtherWallet is now linked to the self-hosted blockchain through Ganache. Let’s use MyEtherWallet to upload the counter smart contract to our blockchain. To do this, we’ll click “Contracts” in MyEtherWallet’s top navigation bar and select “Deploy Contract”.

As you can see, MyEtherWallet asks us for the contract’s bytecode. To locate this, we’ll go back to our Solc complied work or Remix IDE and click the “Details” button.

You should now see a dialog with a lot of information about our Counter contract. To copy the bytecode, we’ll click the clipboard icon next to “BYTECODE”.Then, we’ll go back to MyEtherWallet and paste the bytecode into the dialog box.

As noticed in the above picture, fortunately; Ganache gave us 5 address that could be used to associate with our private blockchain. Hence, to utilize one of them in order to upload this contract, we can return to Ganache and tap the key symbol for any of the addresses. The private key will be shown.

After we click “Unlock”, MyEtherWallet will ask whether we want to sign in this transaction and deploy the contract. If the transaction occurred successfully, then Ganache will increment its “Current Block” value and the transaction count of the account that we used to deploy the contract also increment.

Our contract is now uploaded to our blockchain. To interact with it by incrementing and decrementing the counter, we can go back to MyEtherWallet and select “Interact With Contract”.

Deploying it to Test network:

There are several testnets that can be used for example the Ropsten Test Network, Kovan Test Network or even the Rinkeby Test Network. These mentioned test networks can be used on a high scale to deploy the smart contracts without paying in ethereum and getting the feel of the real-time environment from end user’s perspective.

References:

https://medium.com/crypto-currently/build-your-first-smart-contract-fc36a8ff50ca

https://medium.com/swlh/deploy-smart-contracts-on-ropsten-testnet-through-ethereum-remix-233cd1494b4b

https://medium.com/practical-blockchain/deploying-smart-contract-to-rinkeby-testnet-using-truffle-and-mac-os-x-8fc16ff380e2

The native application, a software program that is created for use on a specific stage or gadget. Since the native application is assembled for the use of a specific gadget and its OS, it has the capability to make use of the device-specific hardware and software. It gives enhanced execution and exploits the most recent innovation, for example, a GPS, in comparison to the web applications or versatile cloud applications created to be nonspecific over different frameworks.

Mobile App Platforms

Building native applications imply utilizing the local language of the stage, Objective-C on iOS, and Java on Android. The primary positive aspect of native applications is their execution and performance. Their apps are assembled and compiled into the machine code, which gives the best performance on the mobile phone.

The different forms:

Source:

*Relative to the other options given here, in most experiences, assuming you select the platform for its recommended use case, and assuming the developers have expertise in developing for that technology. This also assumes you are building the app for at least two app ecosystems (such as for both iOS and Android). Costs vary it depends on the complexity of the app.

User Experience: A major differentiator

It is a significant differentiator between native and hybrid apps. A native application is intended for a particular working framework. As an organization embarks on the task to build a new app, the user experience specific for that OS becomes of critical importance to the mobile presence on the market.

When undergoing hybrid app development, that application is platform agnostic. In hybrid app development, users can build it once and then can release it across multiple platforms. Firstly, the UI is simple in addition to that, users do not have to maintain two different code bases.

We are aware that the iPhone app is written in Objective-C or Swift while Android apps are written in Java, which is not transferable (that is, they are to be rewritten). Hence, hybrid apps are easier to build, take less time to market, and maintains one codebase.

However, the critical problem with the hybrid app is that even with a strong user experience design, it cannot truly build an app that caters to the dominant user types. Their style guidelines are too different between Android Apps and iOS Apps, hence when compared to native it must be weighed against all other strategic and tactical factors in order to make a decision.

Advantages of Native App Development

A native application is quick and more dependable as per the design. As the users explore and when navigating an app, the structure, and visual components are already on their phone, available for instant loading, and thereby providing a seamless experience. This is likened to downloading the majority of a site’s static content to a user’s phone without any delay which is then accessible for instant loading regardless of their phone’s internet speed.

Interestingly, a hybrid application has just a wrapper that is downloaded to a user’s mobile phone (which might possibly contain or may not contain all the navigational components) with the most of the information being loaded from the server.

Turning Weakness into Strength

There are people who believe that web apps are simply better due to their cross-platform nature. According to Dave (2018), the mobile platform market is split roughly 53/43 between Android and iOS in the United States.

It is said that with a native mobile app, either user needs to cut off half the potential market, or develop two separate source codes that are Apple and other for Android. None of them is good for projecting sales. As per sources, this is not completely accurate and thus there is a software developer called Xamarin. (For the detailed explanation refer to:

http://www.ascendle.com/blog/what-are-the-key-benefits-of-native-mobile-apps

One of the weaknesses is hence turned into a strength with native app development.

Why choose native over a hybrid?

Hybrid Apps are not so smooth and intuitive UX as native apps. Also, in case of weak internet connection, high load apps may take time to load and hence resulting in low performance. In addition, it increases battery consumption level for complex apps.

Considering the case of Facebook, when the company decided to migrate its mobile application from HTML5 to the native app was only due to the lower performance level. Hence, it can be said that there must be a significant level of difference in the performance level of hybrid and native apps. It was reported that Mark Zuckerberg felt it was a mistake for the company to choose HTML5 over native as 84% of users find performance to be an important aspect.

References:

https://www.linkedin.com/pulse/benefits-disadvantages-native-mobile-app-development-ios-josh-khan

https://ymedialabs.com/hybrid-vs-native-mobile-apps-the-answer-is-clear/

http://brookscanavesi.com/uncategorized/benefits-disadvantages-hybrid-mobile-applications/

We really like Ruby and Python for back-end and at the syntactic and semantic levels, Ruby and Python both are capable of expressing the same concepts and algorithms. However, Ruby may have a slight advantage due to the influence of Smalltalk in its design, which makes it easier to use for constructing Domain-Specific Languages. Ruby and it’s ecosystem is still richest and popular in areas that are related to the web application and API development. Python started out being applied to diverse uses, such as system scripting and text processing which led to simulation, data processing, and several other cases.

Python bridges to NumPy

The use of Python in scientific computing and simulation prompted the development of higher performance extensions such as Numeric and Numarray, which then gave rise to NumPy in 2003, an extension that provides data types for arrays and matrices and high-performance mathematical operations, including operations on those arrays. NumPy is itself further extended by other libraries like SciPy and Pandas.

Python has a lot of really solid libraries backed by the community and here are a few popular ones NumPy, Keras, TensorFlow, scipy, matplotlib, pandas, Jupyter, etc for machine learning and in areas where you need to run statistical functions or data analysis. NumPy is a scientific computing library that can be used to model N-dimensional array objects and run several sophisticated functions against them. NumPy can also be used as an efficient multi-dimensional container of generic data. This allows NumPy to seamlessly and quickly integrate with a wide variety of databases.

CryptoBot Database Design:

The decision on which Database to be used for cryptocurrency trade bot by using the Django framework? And the reasons behind opting MongoDB by us.

There are several reasons for choosing MongoDB which are briefly discussed as follows;

Firstly, MongoDB documents have the ability to store unstructured complex information and data in a way that is relatively straightforward to update. MongoDB offers a high-interest rate and therefore it helps in scenarios where the write load in high. MongoDB is an open-source, stores data as documents in a binary representation called BSON (Binary JSON).

Secondly, the use of MongoDB can prevent and reduce the complex object-relational mapping (ORM) layer which is used to translate objects in code to the relational tables. The database schema has also improved on the bases of business requirements due to MongoDB’s flexible data model.

Finally, MongoDB scales quickly without changing the application and time when the deployments increase with respect to data volume. If compared to other databases like MySQL it is often a requirement for significant and custom engineering work.

Why did we choose MongoDB instead of MySQL?

Databases like MySQL, it is important to understand the requirements of the project and future goals. Talking about, MySQL it is a well-recognized and high-performance tool that is popular for flexibility, reliability on data protection and availability. However, if the data is said to be unsystematic and unstructured it would be advised to opt for MongoDB. The reason being, MongoDB can be measured within and also across multiple distributed data centers, providing new levels of availability and measurability which were previously unachievable with relational databases like MySQL.

Django and Mongo Support Problem

Django does not provide native MongoDB support, so using MongoEngine is one of the options.

But currently, MongoEngine does not support Django ORM, so models cannot be serialized and hence admin setup is a problem.

There are some alternatives, MongoDB-engine, mongo-nonrenal but they are not as good.

There is a better one, Django (Read more on https://nesdis.github.io/djongo/), keeps the Django ORM intact but it is relatively new with a small community.

Also, it couldn’t find a roadmap for “MongoEngine for Django” because they mostly promote Django in their documents.

Hybrid Approach

Models like users, accounts, static data collections can live in SQLite/Postgres adhering to Django ORM. And all the robust data models can live in MongoDB (using PyMongo), which might compromise with ORM, but it turns out we might not really need the object-relational mapping support.

This should solve the problem.

This approach used by one of the bigger communities and therefore to understand further refer to link 3.0 mentioned in the list of references.  Also, a few insider thoughts can be encountered in link 4.0 from the list of references.

Technology –

References

1.0 http://www.numpy.org/ (Accessed)

2.0 https://blog.panoply.io/top-5-alternatives-to-mongodb (Accessed)

3.0 https://github.com/edx/edx-platform/wiki/Frequently-Asked-Questions#database. (Accessed)

4.0 https://www.pydanny.com/when-to-use-mongodb-with-django.html (Accessed)