The rise of technology has easily solved many every day worries. We now have a better lifestyle and the freedom to live as we wish in many aspects. This revolution was only possible because of the advent of the on-demand economy.
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Introduction
Technology has turned the tables on the market for good. Gone are the days when we had to wait for a
specific day of the week for our favorite TV series to air. We've also come a long way from going out for
Chinese food once a week for dinner to ordering it whenever we want. And public transport? what is it
The rise of technology has easily solved many everyday worries. We now have a better lifestyle and the
freedom to live as we wish in many aspects. This revolution was only possible because of the advent of
the on-demand economy.
Simply put, on-demand means getting something we want, when we want it, and where we are. With
the help of disruptive technologies such as artificial intelligence, machine learning, location-based
services, smartphone, and the internet, we can now request products and services right to our
doorstep.
More than 42% of Americans have used an on-demand service, which translates to more than 87
million. When it comes to service providers in the industry, more than 45 million Americans have
offered their services to the industry. Of the 45 million, 51% shared that their lifestyle and financial
conditions have significantly improved since the on-demand economy.
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The role of apps in the on-demand economy
It wouldn't be unfair to say that the on-demand economy is booming and progressing thanks to mobile
apps. If on-demand services have become an inevitable part of our lives in a short period, it is because
of the convenience apps offer. To break down the role of apps in the on-demand economy, consider the
following:
1. Easy connection between end users and solution providers:
Apps have made it easier for businesses to come up with a market-based approach to solving
real-world problems. As users search for solutions on one side, apps allow startups to connect them
with specific vendors, products, and service providers and get them on demand. It would otherwise be
tedious to search for them individually online.
2. Fast and better user interface:
Today, on-demand apps have paved the way for a huge user experience. From handmade soaps and
custom t-shirts to unique treats and moving trucks, users can view their preferred products and
services in detail within their apps and make informed decisions. This would not be possible without a
customer-centric approach to On-demand app development.
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3. Convenient:
The applications offer users optimal convenience. When searching for products and services, they can
sort and filter search results, read reviews, pay with their digital wallets or cards, and even track their
deliveries from a single platform. Apps ensure that customers are always informed.
4. Better personalization of services:
By constantly learning about users' tastes and preferences, today's apps can suggest things they're
most likely to buy, recommend other TV shows, customize orders, and more. Apps have taken
personalization to a whole new level.
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1. On-demand food delivery app
It doesn't matter if we are at work, at a meeting, at a reunion, or a friend's house, the occasion is not
complete until we order some good food. Today, on-demand food delivery apps have brought the
world closer by allowing users to taste delicacies from around the world in their living rooms. When it
comes to food delivery apps, Zomato is an ideal example.
Depending on your location, Zomato and similar apps list all available restaurants in your area. You can
then choose your preferred restaurant, treat, quantity, and customization details. Once you pay, the
restaurant will confirm the order and deliver it to your location. These food delivery apps operate within
a certain circle and do not differentiate between small and bulk orders and do not charge service fees
accordingly.
On-demand food delivery apps are a boon for people who are away from home in a new city due to
work demands, those who travel a lot, the elderly, and the generation that doesn't mind paying and is
more focused on satisfaction.
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2. On-demand Entertainment apps
We all have Netflix accounts. At least we all know someone who would share their Netflix account. In
addition to strengthening human bonds and trust, the on-demand entertainment sector has also
exposed us to a whole new world of entertainment that we barely knew existed.
While regional TV programs or movies used to be our choice (due to lack of access to other content), we
now tune in to programs from around the world. Now we watch documentaries about famous people
from all over the world, about space, the underground, climate and everything you can think of.
The best part is that we don't even have to wait for the next episode to air. Binge-watching is a trend
where you could watch an entire season in one night. Like food delivery apps, on-demand
entertainment apps run on excellent recommendation engines. This is one of their key secrets to
customer retention.
As a trivia note, Netflix came up with House of Cards based on data science and user preferences and
tastes.
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3. On-demand grocery app
Yes, technology has also affected grocery shopping.
In our hectic schedule, we don't have time to take
care of ourselves. Grocery shopping is still
far-fetched. Companies like Agorah have figured
out that this is a problem that can easily be solved
with an app.
Apps like Agohra connect users with partners who
could buy groceries for them for a price. All users
have to do is select items, create a list, and share it
with coworkers. They would then bid on the list and
the user could choose to who they were going to
have their groceries delivered. Once done, the user
pays and an associate delivers the groceries to the
user's door.
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4. On-demand home service app
One of the other pain points companies noticed was
in the home services sector. While purchasing
household products was easy, using services was
difficult. From plumbing and furniture repairs to
pest control and electrical services, finding a reliable
service provider has always been a daunting task.
With the on-demand home service solution, this
problem is also solved. Many individual service
providers register on these marketplaces and
generate leads. Again, based on location services,
they get the details of the house or office they need
to provide their services and reach them in time.
These apps also offer to track and control features to
ensure greater transparency in service delivery.
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5. On-demand Transportation apps
Lyft or Uber users? These on-demand transport
services have tackled the fixed pricing mechanisms
that private rickshaws and taxis operated with, with
their different level of transparency. They also
brought an element of professionalism among the
drivers and ensured a hassle-free entire journey to
reach point B from point A.
Today, there are even ride-sharing services that
offer cab-on-demand solutions to further save and
help reduce fuel consumption.
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Wrapping up
If you notice, the on-demand economy is an industry unto itself, with subsets of smaller industries that
operate under it. It has not only created employment opportunities for millions but also made life easier
for billions out there.
Considering the booming scenario of the on-demand sector, if you intend to get an on-demand
application developed, we say now is the right time. At Moon Technolabs, we successfully develop and
deploy stable and reliable on-demand applications that change people's lives. If you're playing, we're
ready to discuss your next big idea.
Original Source: https://www.tumblr.com/blog/view/classycowboyfire/690923845464506368?source=share
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