Smartphones Are Being Transformed Into Low-Cost Robots. Here’s How.

Recently, two researchers from Intel Labs designed an OpenBot, which is a small electric vehicle that costs as low as $50 and serves as a robot body for standard Android smartphones. Through this research, they proposed to leverage smartphones in order to equip robots with extensive sensor suites, computational abilities, state-of-the-art communication channels, as well as access to a thriving software ecosystem.

Read more: https://analyticsindiamag.com/smartphones-are-being-transformed-into-low-cost-robots-heres-how/

#ev #robotics #intel #smartphone

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Smartphones Are Being Transformed Into Low-Cost Robots. Here’s How.

Smartphones Are Being Transformed Into Low-Cost Robots. Here’s How.

Recently, two researchers from Intel Labs designed an OpenBot, which is a small electric vehicle that costs as low as $50 and serves as a robot body for standard Android smartphones. Through this research, they proposed to leverage smartphones in order to equip robots with extensive sensor suites, computational abilities, state-of-the-art communication channels, as well as access to a thriving software ecosystem.

Read more: https://analyticsindiamag.com/smartphones-are-being-transformed-into-low-cost-robots-heres-how/

#ev #robotics #intel #smartphone

Ron  Cartwright

Ron Cartwright

1600596000

Improve Your Cost Management with AWS Saving Plans

The adaptability and flexibility of today’s cloud services present a lot of opportunities to cut infrastructure costs. Amazon Web Services and its plethora of services let you set up any kind of cloud environment for any type of application, without forcing you to make long-term commitments. At the very least, you don’t have to make a big initial investment to set up your cloud environments.

AWS resources are designed to make deploying cloud-native applications easy and affordable. Affordability is always important for businesses because cost-efficient applications guarantee higher returns on cloud investment. The way AWS services are set up allows for easy scaling of apps and cloud resource usage, but keeping your cloud environment efficient is not without its challenges.

#aws #amazon web services #cost #cost optimization #cost analysis #cost management #cost analytics #aws costs

Teresa  Jerde

Teresa Jerde

1596624060

Artificial Intelligence and Robotics: Who’s At Fault When Robots Kill?

Up to now, any robots brushing with the law were always running strictly according to their code. Fatal accidents and serious injuries usually only happened through human misadventure or improper use of safety systems and barriers. We’ve yet to truly test how our laws will cope with the arrival of more sophisticated automation technology — but that day isn’t very far away.

AI already infiltrates our lives on so many levels in a multitude of practical, unseen ways. While the machine revolution is fascinating — and will cause harm to humans here and there — embodied artificial intelligence systems perhaps pose the most significant challenges for lawmakers.

Robots that run according to unchanging code are one thing and have caused many deaths and accidents over the years — not just in the factory but the operating theatre too. Machines that learn as they go are a different prospect entirely — and coming up with laws for dealing with that is likely to be a gradual affair.

Emergent robot behavior and the blame game

Emergent behavior is going to make robots infinitely more effective and useful than they’ve ever been before. The potential danger with emergent behavior is that it’s unpredictable. In the past, robots got programmed for set tasks – and that was that. Staying behind the safety barrier and following established protocols kept operators safe.

#artificial-intelligence #robots #robotics #legal #blame-the-user #blame-the-maker #blame-the-robot

Banking App Development Cost - 8 Hidden Factors

Since 1994, Digital banking has been here. It is a very long time, but digital banking through mobile devices is entirely new to the banking industry. It all started when Atom became the first digital-only bank in the UK.

Nowadays, Tech-savvy customers expect corporations to support their digital movement, and because of this, almost every industry has adopted technologies to stay relevant with these modern customers. Most of the newbies who plan to develop a banking app have two questions in mind: “What is the cost of developing a banking application” and “Which hidden factors affect the cost of developing a banking app?”

You can get all the answers to these questions here, because this article will take you through the cost of developing a banking app, the features of banking apps, and much other pertinent information. After reading this, you will be able to plan better for your mobile banking app development. But before directly jumping into the cost of mobile banking app development, let’s take a look at the global digital payment market size of mobile banking.

Global Digital Payment Market Size

According to GlobalNewsWire, by 2026, the Global Digital Payment Market size is estimated to reach $175.8 billion, rising at a market growth of 20% CAGR during the forecast period.

Around 23% of millennials use mobile banking apps daily.
Around 49.2% of total smartphone users use mobile banking apps.
41% of Americans said that mobile banking apps had minimized their concerns about managing finances.

Banking app development cost

Data Source: Statista

As you can see, the data clearly indicates that the percentage of smartphone users are increasing day-by-day. Therefore, by engaging in your own mobile banking app development currently, you will be able to take advantage of the growth in mobile users. But, the cost of developing a banking application depends on so many factors like the platform, features, technologies, and so on.

Mobile banking app development cost

Cost of developing a banking app depends on various factors. To give you a rough idea of the mobile banking application development cost, the total development time for a fully-featured app sums to 3760 hours. Considering hourly rate for fintech projects of $25, the cost of developing a feature-loaded banking app stands around $94k.

Banking Application Development Cost depends on different phases such as:

  • Research and Planning
  • UI/UX Design
  • Development
  • Testing
  • Maintenance and Support

8 Hidden Factors of Costs of Mobile Banking App Development

1. Push Notifications

It’s not easy to imagine an app that does not utilize this necessary mobile capability. Push notifications always increase your users’ engagement with your mobile banking app and encourage the desired action. Push notifications are of three types:

  1. Transactional notifications notify users about their account updates.

  2. The Application-based notifications indicate when the mobile banking app requires the user’s attention, whether related to the password change requests or document submissions.

  3. Promotional notifications are to grab the attention of customers to offer discounts and attractive deals.

2. Chatbot Integration

For most users, mobile banking has a steep learning curve, and due to that, the customer will require immediate assistance on various occasions. Hence, creating a chatbot for customer service is the best way for many institutions to improve their customer service availability. The chatbots will save you a lot of time and money, whilst providing customer support 24/7. But this feature has a separate development process, and therefore you have to pay separately for this.

3. Servers

Servers are where your mobile banking app will be hosted. If you are not with the largest enterprises, you will want to outsource hosting from Amazon, Azure, or Google, which will result in more costs.

4. Content Delivery Network

A CDN is a system that is used to deliver content to the app based on the origin of the content, the content delivery server, and the geographic location of the particular user. In simple words, if you have users across the globe, and they have to keep coming back to one far off location to access the content, then the app will not perform in a good way. So, if you want your mobile banking app to perform effectively, you should use a content delivery network, because it reduces the app loading time and also increases the responsiveness of the app.

5. Development Tools

If you want to use paid deployment tools like iBuildApp, Appy Pie, and IBM MobileFirst, to develop your mobile banking apps, you will need to subscribe to them over the lifespan of your app. This will also affect your banking app development cost.

6. Android and iOS Updates

As we all know, both platforms constantly release updates, and those updates require maintenance. Depending on the extent of maintenance required, the cost in the long-term can sometimes be significant.

7. APIs

Every mobile app usually has multiple third-party APIs that they interact with, especially at the enterprise level. If you make changes to any of these applications, they will require periodic maintenance of your APIs. For instance, Facebook updated their API version four times in 2016; now, what if you want to integrate with Facebook? You will need to update your app to accommodate those changes.

8. Bugs

As you know, every app has bugs, and not even a single developer can assure you that there will be no bugs in the future in your app. It’s just that sometimes they go undiscovered for months or even years. User communities are not kind to apps that are slow to address the issues that they have reported.

Conclusion

The cost of banking application development not only depend on the features of the banking application, but they are also heavily affected by the hidden factors I have mentioned. The primary issue with mobile banking app development cost is the amount of individual components that you need to gather. Each of them can cost thousands of dollars, and these costs will continue throughout the lifespan of your app. However, the rewards that come from a successful mobile banking app development project are huge.

Pro Tip: The cost of developing a banking application greatly depends on the hourly rates of programmers and the expertise of the team. FinTech experts are able to complete these projects much more efficiently.

#banking app development cost #banking application development cost #cost of developing a banking app #cost of developing a banking application #mobile banking app development cost #mobile banking application development cost

Brain  Crist

Brain Crist

1594670400

COVID-19 Has Changed the Future of Low-Code. Are You Ready?

How can we turbo-charge growth for the modern business? A hint: ride on the coattails of low-code software development and bridge the digital gap.

Given the benefits of rapid development - lower costs, faster delivery, and greater accessibility - the low-code market is pushing forward to a digital revolution and is projected to reach $27.23 billion in the year 2022. But for those with an eye for faster development cycles will know, today’s leading platforms - such as OutSystemsMendixLinx - were offering rapid development tools from as early as the naughties.

Since then, there has been no looking back.

But before we get to 2022, we need to understand 2020 - the year of Coronavirus - which has ushered in a new reality: Being an adaptable, the digital enterprise has never been more critical. So, how do we adapt, and what lies ahead in 2020?

Pushing to Digital Can Affect Positive Change

In this era of digital transformation, the ability to ship products quickly is a precious trait. Embracing the changes in technology and the newest innovations is no longer limited to the high-flying startups in Silicon Valley or Fortune 500s. Today, every company needs to be a technology company in some way.

Specifically for development, we have come to a place where thanks to many libraries and frameworks, what would’ve once taken many developers to build from scratch is now more often than not, replaced by very few IT pros plumbing different things together.

And if this is the trend to follow (efficiency!), it is why we are seeing so many “no-code” or “low-code” solutions popping up all over the place.

The truth is that in 2020, there are increasingly fewer reasons to write code. From small one or two-person businesses to unicorn startups and large multinationals, every company needs a developer or a team of developers to help with scaling digitally. The difference today is the increased demand to deliver products quickly, meaning that developers need a way to move faster. For those willing to break the model of traditional development, the solution can be found in low-code tools.

And the benefits are apparent:

  • **Speed **- Instead of time-consuming code, low-code platforms use visual models, eliminating the need for knowledge of syntax or boilerplate code.
  • **Flexibility **– Solving unique business problems via customization, without being exorbitantly expensive (read: hours writing code), will always prevail.
  • **Automation **– Less time wasted in trying to get things to work, and more time spent in actually getting them done. Win-win.

#software development #application development #digital transformation #software application development #low-code #low-code platform #low code benefits #low code programming