Chatbot Statistics 2021 You Cannot Afford To Miss!
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The document discusses statistics and predictions about the growth and use of chatbots between 2021 and 2025. It predicts that the global conversational AI market will grow significantly in this period, reaching $13.9 billion by 2025. It also outlines specific predictions for each year regarding increased spending on chatbots, cost savings for businesses, and the growing role of automation and AI in customer interactions.
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#agile #business #scrum #distributedteams #remoteworking
Challenges & Tips for Effective Distributed Scrum
This document discusses challenges and tips for effective distributed Scrum teams. Some key challenges are different time zones which make scheduling meetings and communication difficult, a lack of communication due to different time zones which can delay work, and difficulty building relationships and company culture when team members are in different locations. Tips provided include building trust among distributed teams through transparency, having team members take responsibility and not blame others, and promoting self-regulation and self-reliance with everyone taking ownership of their work.
What are some popular Project Management Tools & Frameworks?
According to a recent Standish Group report, only 36% of projects succeed in meeting requirements.
Why do so many projects deviate from the original plan?
A project management framework is a collection of procedures, activities, & technologies that guide & structure project execution.
The framework helps businesses map out the flow of specific project phases from start to finish.
Check out the carousel below to learn more about some popular project management tools & frameworks that can make your tasks easy & efficient.
Follow Maruti Techlabs for more insights.
#projectmanagement #projects #business #management
Project Management: what it is & Best Practices for Successful Project Manage...
When a project is going well, it's easy to get complacent & allow the process to go on autopilot.
But when things go awry, you have to be ready to roll up your sleeves & jump right in.
Whether you are new to project management or have years of expertise, managing & completing a project on schedule & within budget is difficult for anyone.
Project management is all about doing things yourself.
Unlike other areas, you can't learn from your failures; experimenting will only get you destroyed.
To be successful, you must properly respect the procedures.
Check out the carousel above to learn more about these procedures and phases of successful project management in detail.
Follow @Maruti Techlabs for more insights.
#projectmanagement #project #business #management
8-Step Guide To New Product Development Process (NPD)
When you hear the #success story for some great businesses, the journey to a great product rarely resembles a straight line.
These #inspirational stories do not give an end-to-end blueprint for product development on their own.
However, the commonalities they share highlight some of the #stages entrepreneurs routinely take on the path to develop a successful selling product.
It is where the new product development process comes into the picture.
The new product development is bringing an original product idea to the market.
It helps companies analyze the diverse aspects of launching new products & bringing them to market.
Check out the carousel below to learn more about the new product development process & its advantages.
#development #productdevelopment #business #entrepreneurs
Find the complete read here: https://marutitech.com/guide-to-new-product-development-process/
Recommendation Engine - Use Case, Application & Challenges
With constantly increasing interaction with the digital space, customers expect improved and enhanced experiences every time they interact with a digital platform.
With the increase in online shopping, the need for giving confidence in buying products has increased. It is why recommender systems are built.
In today’s digital age, including recommendations in systems is an investment worth making.
E-commerce and retail companies are utilizing the power of data to boost sales with the help of recommender systems implemented on their websites.
Recommendations are the new must-have for all online platforms that wish to retain and grow their customer base.
To enhance the customer experience for your business, check out the carousel below to explore the various applications, use cases, and challenges that you might encounter while building your recommendation engine effectively.
#business #customerexperience #digital #data #recommendationengine
How do Recommendation Engine work and what are its advantages?
Recommendation engines today serve as the key to the success of any online business.
But, for a sound recommendation system to make relevant recommendations in real-time requires powerful abilities to correlate not just the product but also customer, inventory, logistics, and social sentiment data.
All in all, recommender systems can be a powerful tool for any e-commerce business, and rapid future developments in the field will increase their business value even further.
According to Statista, the global retail e-commerce industry has grown leaps and bounds in the last few years and is estimated to reach a whopping 6.54 trillion US dollars by 2022.
However, developing a recommendation engine takes a great deal of data expertise. Your recommendation engine is only as effective as it is built to be.
To help you leverage the power of the product recommendation engine, check out the carousel below and explore various aspects of the recommender system, including its types and advantages.
#business #recommendationengine #success #data
How to build your MVP without code?
You have an excellent product/startup idea that you cannot wait to launch and sell!
You are eager to get your minimum viable product out in the market and grow your business.
But the only roadblock? You cannot code.
Don’t worry!
You don’t need to onboard a developer or beg engineers to become technical co-founders.
All you need is to pursue low-code/no-code development of your MVP and ensure a useful product for the target market, a plan for consistent revenue generation, and a way to win over investors and possibly a potential technical co-founder.
Check out the carousel below to know everything about how you can convert your business idea into a minimum viable product without writing a single line of code and see if your idea has the potential to succeed.
#business #startup #mvpdevelopment #mvp #nocode #lowcode
How to Build an App like Uber?
Are you thinking of building a ride-sharing app like Uber? But wondering how you will go about it?
Earlier, one had to call the taxi hiring/renting company to book a cab or physically look for one at the taxi stand.
The amount of time one had to wait for their taxi to arrive and the overcharging by drivers did not help either.
Uber took the whole process online, and it also made taxi booking and ride-sharing a lot easier, more transparent, and cheaper.
Uber is the second most disruptive company globally, only beaten by SpaceX, and hence, it works in more than 80 countries in 900+ cities.
According to Statista, Uber's global net revenue amounted to USD 14.1 billion in 2019.
Due to Uber's simple and easy-to-use features, it has earned great popularity across the globe, and therefore, Uber's model can be followed by smaller companies to make similar apps, ride-sharing or otherwise, and attain a loyal customer base.
To kickstart your own ride-sharing business like Uber and Lyft, check out the carousel below, displaying the compiled list of features that you wouldn't want to miss along with the tech stack and crucial factors defining the pricing structure of your app.
#business #tech #appdevelopment #building
Maruti Techlabs engages in strategic partnership with IBM
Maruti Techlabs engages in a strategic partnership with IBM to help businesses easily deploy powerful NLP-based multilingual chatbots.
The partnership is geared towards supporting businesses that are looking to catapult the value of business process automation through conversational AI - especially for those in retail, financial services, healthcare & telecommunications.
The partnership helps Maruti Techlabs leverage its chatbot & live chat platform, WotNot & to integrate with IBM Watson for scaling automated conversations through more robust NLP.
The combination of WotNot & Watson is designed to provide an easy-to-use no-code/low-code environment for building scalable bots that use AI & multilingual NLP capability.
This aims toward smarter, data-driven decision-making while automating tasks & processes.
The collaboration seeks to expedite how enterprises deploy intelligent chatbots & automation to the core enterprise system functions or departments that drive #business execution.
Follow Maruti Techlabs for more such insights.
#deeplearning #automation #technology #artificialintelligence #data
Maruti Techlabs Recognized as India's Growth Champion 2022
Maruti Techlabs was recognized as one of India's Growth Champions in 2022 by The Economic Times and Statista for its incredible growth story. The Economic Times and Statista conducted months of research and data analysis to identify outstanding Indian companies that have achieved significant growth. Maruti Techlabs stood out and was selected for the recognition based on its ability to create long-term value for customers, employees, and stakeholders through digital transformation solutions. This award honors Maruti Techlabs' progress over 12 years and its dedication to exceptional client service.
Clutch Review: Decision Support Tool Dev & Design for Oil & Energy Company
Technology today is evolving at a rapid pace, enabling faster changes and causing acceleration of the rate of change.
Such scenarios require the businesses to opt for custom software development to improve, customize and scale their product.
Our portfolio’s most recent success story involves partnering with an oil and energy company based in the UK.
The project aimed to upgrade their decision support tool that assists the staff in deciding whether it is safe to send technicians to offshore wind turbines.
Our engineering team impressed the client successfully by implementing the project with the right combination of scaled agile frameworks and spearheaded software testing efforts.
There is no joy bigger than the compliment of a happy client, and here’s what they has to say about working with us-
“Maruti Techlabs was able to deliver consistently, so we were able to review everything at every stage. There was also no gap in their #communication. As a result, some design decisions were made effectively because they worked well with all the backend engineers, ensuring that there was no friction between the front- and backend.”
This is what encourages us to put our clients at the center of everything we do.
Check out the carousel below to learn more about what it is like to work with us.
#clienttestimonial #customerfeedback #customerexperience #clientreview
Software Development for Automotive Company
When it comes to developing successful software, several factors define that success.
Perfect software requires a perfect execution method. With the experience of developing & deploying hundreds of products over the last decade, we know the right mixture of tools and methodologies to achieve this success.
For over 12 years, we have been helping startups and leading businesses with our digital transformation and innovation partnership across the globe.
Our approach, attitude, skill-sets, quality, and most importantly, our support make us the best partner compared to everyone else out there.
But don’t take our word for it.
Here’s what our client has to say about working with us -
“The team at Maruti interacts seamlessly with our team and has become an extension to our company. Most importantly, they provide value to the partnership by helping drive our business growth with valuable feedback and timely completion of projects.”
The project was a collaboration with an automotive company for their software development services. Our engineering team implemented it by using Python, Django, and REST API tech stack.
In the end, our experts impressed the stakeholders with their technical experience, excellent communication skills, and a good understanding of business.
Check out the carousel below to learn more about what it is like to work with us.
Link to the complete review on @Clutch.co in the comments below⬇
Follow @Maruti Techlabs for more insights.
#clienttestimonial #customerfeedback #customerexperience #clientreview
Machine Learning Prediction Tool for Auto Parts Manufacturer
Unused sitting data is no different from the data that was never first collected.
What you have is a data glut. All you need is to have someone who can convert these static data into applicable insights.
This is followed by our Data Science team, capturing the essence of data & creating new opportunities by understanding hidden trends.
We worked on building a predictive analytics model for an auto parts manufacturer. The goal was to have a model that accurately predicted the sales for auto parts over a given period of time.
Here’s what the clients have to say about working with us -
“Maruti Techlabs is attentive to customer service. Their communication is great even after the development. There hasn’t been a time when I’ve sent an email, and they don’t respond. They always make sure that we’re happy with what we have. I’m sure that they’ll continue doing that based on the experience I’ve had with them in the past 8–9 months.”
While actual results from the ML tool’s usage remain to be seen, the company expects predictions to be 100% accurate.
In the end, the customer was highly impressed with our experts’ responsiveness, exceptional services, & project management approach.
Check out the carousel above to learn more about what it is like to work with us.
Follow @Maruti Techlabs for more insights.
#customerfeedback #clienttestimonial #customerexperience #clientreview
Clutch Review: Custom App Development for Transportation Company
Software development is a notoriously tricky task with tons of risks to overcome and lots of stress if you have to meet inflexible deadlines.
It requires months of effort in developing & deploying the right software product, but what if it doesn’t work out for you in the end?
That’s exactly what happened with our client after they’d spent months on product development. They had a half-cooked ride-hailing app and didn’t really have a reliable partner to work with.
Our goal was to pick up where their previous partner left off, and deliver the complete product while keeping budget and GTM timelines in mind.
Our engineering team made sure we kept our word with congruous & impeccable delivery.
It is always pleasant to get customers’ compliments for all the efforts by every person in the chain to achieve this success.
Here’s what the client had to say about working with us:
“Their communication skills were at 100% for us from all levels of their company. They were always on time, always precise, and we really appreciated the professionalism with which they approached all of their work with us.”
This is what motivates us.
Take a look at the carousel below to learn more about what it is like working with us.
Follow @Maruti Techlabs for more insights.
#clientreview #customerfeedback #clienttestimonial #customerexperience
Clutch Review: Custom Software Dev for Media Planning Company
In our 12 years as a digital product development company where we guide our clients on their digital transformation journey, we often get asked where we get the most satisfaction.
For us, the answer will always be whenever a client provides positive feedback & praises our services.
This means that they had the confidence in our ability to trust us with their business challenges & saw the value in what we have achieved together.
Each Maruti Techlabs team takes pride in high-quality work, which reflects our solid technical skill set, commitment to the client's vision, company values & processes, & more than decade-long expertise.
We're responsive, attentive, & always put our clients at the center of everything we do.
Don't take our word for It. Hear what our client has to say about working with us:
"Our collaboration feels like a partnership, and it works really well. They're reliable. Maruti Techlabs is one of the few providers I've worked with that estimates a timeline on a given task & actually delivers within it. That's a rare quality among developers. It allows me to trust the timeline & work accordingly."
The goal was to automate the media management ecosystem.
This means eliminating errors, ensuring compliance & enabling strategists to have complete control & visibility of each of their advertising & media campaigns.
Maruti Techlabs was roped in to help go from idea to MVP to scaling the entire product end to end - essentially the entire functionality of the company's systems.
Please go through the carousel above to learn more about what it is like working with us.
Link to the complete review on Clutch.co in the comments below ⬇️
Follow Maruti Techlabs for more such insights.
#feedback #work #customerexperience #team #clientreview #clienttestimonial #clientfeedback
Clutch Review: Improved Chatbot Development for Cloud Communications Firm
There are plenty of companies to choose from. Finding the right one you can count on and forge a lasting relationship with is quite an arduous task.
What gets you up in the morning?
Apart from the morning coffee, ours is IMPACT.
Our clients appreciate our hard work all across the globe. We have had a fantastic journey since our inception in 2009 & have received lots of client testimonials.
There's nothing like a customer's compliment to validate all the hard work put in by every person in the chain. Hear what our client has to say about working with us:
"They are much more accommodating than a lot of other companies that we have dealt with. On top of that, they delivered the project on time regardless of the very tough circumstances we were experiencing, which was a huge benefit for a lot of people involved in the project."
The partnership's goal was to build & deploy a multi-channel platform that would be a prominent part of their communications product line.
The project has been successful so far, delivering on all engineering requirements. The client is pleased with the quality & even more so with the professionalism demonstrated by the Maruti Techlabs team.
The result was that it proved to be a massive value addition to their existing product line and helped them in building valuable features for both themselves & their clients.
This is why we do what we do.
Go through the carousel above to learn more about what it is like working with us.
Follow Maruti Techlabs for more insights.
#feedback #work #customerexperience #team #clientreview #clienttestimonial #clientfeedback
Clutch Review: Web & Software Development for Data Analytics Company
A certain rush comes with adding a new customer to your company.
Months of efforts in creating and defining value propositions and effectively communicating with the right messaging leads to the signing of a new customer.
This is followed by our engineering teams making sure they live up to the reputation through consistent and seamless delivery.
NOTHING beats the rush when all the efforts made by every single person in the chain are validated by the customer's feedback.
Here's what one of our customers in the Data Analytics space has to say about working with us so far -
"They're incredibly good at owning a complete piece of work rather than just providing labour. Their project management skills are exceptional, and it's one of the key reasons why they're so successful at what they do — they meet the deadlines, and they deliver what they promise."
In the end, the internal stakeholders were particularly impressed with the team's field expertise, exceptional approach to project management, & timeliness.
This is why we do what we do.
Go through the carousel above to learn more about what it is like working with us.
Follow Maruti Techlabs for more insights.
#feedback #work #customerexperience #team #clientreview #clienttestimonial #clientfeedback
Top 8 Deep Learning Frameworks
As of today, both Machine Learning, as well as Predictive Analytics, are imbibed in the majority of business operations and have proved to be quite integral.
However, it is Artificial Intelligence with the right deep learning frameworks, which amplifies the overall scale of what can be further achieved and obtained within those domains.
Given that deep learning is the key to executing tasks of a higher level of sophistication, building and deploying them successfully proves to be quite the herculean challenge for data scientists and data engineers across the globe.
Today, we have a myriad of frameworks at our disposal that allows us to develop tools that can offer a better level of abstraction along with simplification of difficult programming challenges.
Each framework is built in a different manner for different purposes.
Here, we look at some of the top 8 deep learning frameworks (in no particular order) for you to get a better idea on which framework will be the perfect fit or come handy in solving your business challenges.
Link to the complete article ⬇️
https://marutitech.com/top-8-deep-learning-frameworks/
Follow @Maruti Techlabs for more such insights.
#ai #machinelearning #ml #deeplearning #bigdata
4 Low Code/ No Code Statistics That You Cannot Miss in 2021
Software development is slow & expensive as it is complex & requires hiring technical resources.
Furthermore, most large-scale IT projects fail as demonstrated by numerous studies.
Businesses are starting to take advantage of low-code platforms to develop & deploy apps by reducing the pressure on their IT teams by minimizing hand-coding & code to be maintained.
With a low-code development platform, businesses can automate time-consuming manual coding processes & speed up their app delivery.
However, not all #business problems are suitable for low code: simple, business-driven projects are a good starting point.
According to @OutSystems, accelerating #digitaltransformation is the top reason most IT leaders chose a low-code platform, with 69% focusing on finishing the work of digital transformation.
Interested in knowing whether Low-Code No-Code is the future of software development? Link to the complete article in the comments below ⬇️
#lowcode #nocode #coding #softwaredevelopment #technology
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Maruti Techlabs engages in strategic partnership with IBM
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- 1. Chatbot statistics 2021 that you cannot afford to miss! Tag someone who needs to see this!
- 2. marutitech.com A multitude of industries employ chatbots that help visitors navigate through a website or answer their questions. Also, AI is constantly evolving, which means that chatbots will become more sophisticated in the future.
- 3. marutitech.com CONVERSATIONAL AI MARKET According to research by MarketsandMarkets, the global conversational AI market size is expected to grow from USD 4.8 billion in 2020 to USD 13.9 billion by 2025.
- 4. LISTED BELOW ARE KEY CHATBOT FORECASTS & PREDICTIONS, DIVIDED BY YEAR: marutitech.com According to Gartner, about 50% of businesses will increase their annual expenditure on Chabot creation compared to conventional mobile app development. 2021
- 5. marutitech.com About 90% of customer interactions with banks would be automated using chatbots by 2022 (Juniper Research). Chatbots are projected to save almost $8 billion annually for businesses by 2022 (Deloitte). 2022
- 6. marutitech.com Businesses & customers will save 5 billion hours on interactions because of chatbots by 2023 (Juniper Research). The banking, retail, & healthcare sectors will save nearly $11 billion a year by employing chatbots in customer service (Business Insider). 2023
- 7. marutitech.com AI will redefine 50% of user experiences using natural language, computer vision, augmented reality, & virtual reality (IDC). The global conversational AI market is forecasted to reach $15.7 Bn at 30.2% CAGR by 2024 (MarketsandMarkets). 2024
- 8. marutitech.com Nearly 95% of customer interactions will be taken over by artificial intelligence by 2025 (Servion Global Solutions). Businesses that leverage AI to automate their customer engagement will observe a 25% increase in their operational efficiency (Gartner). 2025
- 9. marutitech.com These statistics indicate that chatbots are the future. However, with further advancements in AI, only capable & intelligent conversational AI platforms shall persist.
- 10. INSIGHTFUL, RIGHT? DO YOU KNOW SOMEONE WHO NEEDS TO SEE THIS? Save it for later!