What is a minimum lovable product (MLP) and how can it benefit your business? You've come to the right place for the answers to these questions, as we're ready to provide them in our piece.
Let's start with the fact that technologies are rapidly evolving, and new software items appear every day. As a result, users are harder to please than before.
Under such conditions, MLP can be the key to success. When building lovable products, we kind of test the waters. The task is to better understand what to offer our target audience and how to delight our users.
Of course, these are just generalities. They aren&rsquo;t enough to build MLP. That's why we've prepared a complete guide; hopefully, it'll help you figure this issue out properly.&nbsp;
<h2 dir="ltr">What Is A Minimum Lovable Product?</h2>
Just like MVP, a minimum loveable product provides users with a basic set of features: those without which the app or website won&rsquo;t work properly. And the main difference is that MLP pays great attention to the UI/UX factor. The goal is to spend a minimum of resources to create a product, capable of attracting the users even in its simplified version.
The author of the concept is Brian Haaff. He proposed a minimum loveable product definition in 2013 when he realized the MVP approach no longer worked as it should.
<h3 dir="ltr">Why Make A Product Lovable?</h3>
Every year the markets become more competitive, which makes consumers especially capricious and demanding. They won&rsquo;t be satisfied with just a useful product, they need the emotions and impressions it provides them with.
Here is a basic example, just to make things clear. Visitors to the only coffee shop in the city would be happy with any interior and menu (they have nothing to choose from!). However, the situation will change radically as soon as several more similar establishments appear. That's when you have to think about beautiful serving, tasty dishes, and other ways to attract customers.
In other words, today it's important to create an emotional connection with consumers and give them the best experience of interacting with your product. And you can't achieve this goal with the help of useful features alone.
If you still don&rsquo;t see the relationship between the minimum loveable product definition and all of the above, pay attention to the picture below. It'll put things into perspective.
<img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580113622.png" alt="what is a minimum lovable product" width="1000" height="800" />
On the left, we see regular coffee without milk, cream, and other additives. It's a good option to brighten yourself up early in the morning, but nothing more. Another thing is a cappuccino with thick milk foam. Such a drink is tastier and looks prettier, it gives more emotions and impressions.&nbsp;
As you may have guessed, the coffee on the left is the MVP. The cappuccino on the right is the MLP.
<a class="incut--wrap" href="https://agilie.com/blog/how-your-startup-can-reduce-development-costs-with-an-mvp" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580077647.png" width="100%" height="100%" /> To better understand what MVP is, read our other article. </a>
And now let's take a closer look at the main differences between these concepts.
<h3 dir="ltr">The Difference Between MVP and MLP</h3>
MVP is a simplified software version helping businesses bring the product to market at a low cost and in a short time. After the MVP launch, the company collects and analyzes the feedback and considers further steps.
For a long time, MVP was more than enough to get things done&hellip; however, the high level of competition presented new demands, which resulted in the emergence of MLP.&nbsp;
A minimum lovable product delights consumers beyond solving their problems. That's its main essence... but the differences don't end there. Let's look at some of them:
<ul>
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Primary goal. MVP is designed to confirm or refute the software idea, collect feedback on the product, and think about the further development strategy. MLP, on the other hand, needs to win over early adopters, so to say.
</li>
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Time and financial costs. Building lovable products takes more time and effort than developing an easier-to-implement MVP.&nbsp;
</li>
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UI/UX. When creating an MVP, little attention is paid to UX, because it's not a key task. But if you intend to build MLP, you have to take care of the product usability and work on the interface design. After all, MLP should appeal to users.
</li>
<li dir="ltr" aria-level="1">
Relationships with users. After testing the MVP, users simply express their opinion about the software and say if everything works as it should. But interaction with MLP must hook and interest them; ideally, it causes the word-of-mouth effect.
</li>
</ul>
The difference between MVP and MLP is clear, but let's not forget one more concept, namely, MMP.
<h3 dir="ltr">What About MMP?</h3>
MMP stands for Minimum Marketable Product. The name eloquently reflects the concept idea and shows that we're dealing with the minimum set of features for which people don't mind paying. Of course, it's still a simplified software version, but it's monetizable. Simply put, this is a polished MVP or MLP.&nbsp;
There is even a special formula to illustrate the MMP meaning:
MVP/MLP v01 + MVP/MLP v02 + MVP/MLP v03 + &hellip; MVP/MLP v0N = MMP
By testing and improving MVP or MLP, we gradually make it a commercially interesting product.
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580172251.png" alt="difference between mvp and mlp" width="1000" height="900" />
<h2 dir="ltr">The Benefits Of Creating Your MLP Product</h2>
<ul>
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Increasing competitiveness. As you've already understood, the concept of MLP appeared due to a new problem, which is the crowded markets. Lovable products have more chances to appeal to the customers and make them loyal. As a result, you increase the competitiveness of your company.
</li>
<li dir="ltr" aria-level="1">
Loveable product with low effort. You can test the product in its simplified version and understand how to perfect it without big financial outlays at the start. And it's not just about offering the user what he needs: you offer him something that pleases him and brings him positive emotions.
</li>
<li dir="ltr" aria-level="1">
Reduced time to market. By creating your MLP product, you reduce your time to market many times over. Also, you're making the user fall in love with your software (even in its stripped-down form), which is an additional bonus. Minimum launch time with maximum user loyalty sounds pretty good, right?
</li>
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Marketing at the start. If you make a product lovable, you initiate a viral effect. Users, admiring your software, begin to discuss it with each other and thus contribute to its promotion.
</li>
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Early Branding. And one more benefit is the opportunity to work on the recognition of your product at the very first development stages. You can do this by incorporating branding elements into the interface design.
</li>
</ul>
<a class="incut--wrap" href="https://agilie.com/blog/what-are-the-next-steps-after-creating-an-mvp" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580228583.png" width="100%" height="100%" /> What if you&rsquo;ve already created MVP? Your next steps are described in the piece at the link. </a>
<h2 dir="ltr">How To Build A Minimum Loveable Product</h2>
Since MLP is a simplified version of the software, there is no point in trying to bring a flawless product to market. It might take too much time, money, and effort, which will devalue the MLP concept. In addition, you're unlikely to 100% guess the tastes of your audience on the first try, even with preliminary research. So you had better take it slow and act wisely.
<h3 dir="ltr">Let&rsquo;s Build MLP From Scratch</h3>
We&rsquo;ll start with a more complicated option when you don&rsquo;t have anything ready.&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580310230.png" alt="how to build a minimum loveable product" width="1000" height="550" />
<h4 dir="ltr">Setting the MLP Goal</h4>
Surely, your product must be visually appealing, but it's not enough! The MLP must still solve the user's problem. Define this problem and make it the goal of your project. Among other things, knowing your tasks will help you later come up with the functionality ideas.
<h4 dir="ltr">Market Analysis</h4>
To understand how to build a minimum loveable product, you need to explore the current market situation. What kind of competitors will you have? What are their strengths and weaknesses? What do your potential users choose and why?
Until you answer these and other similar questions, it is pointless to continue.
<h4 dir="ltr">Selection Of Must-Have Features</h4>
As we said, in addition to trying to impress customers, you must solve their problem. And the only way to solve it is to provide them with some basic functionality. Therefore, choose the minimum set of features, which will allow users to get what they want, whether it's an online order on a website or booking a hotel room through an app (or whatever!).
<h4 dir="ltr">Working on UI/UX</h4>
Pay special attention to the next step when creating your MLP product. It&rsquo;s really crucial, as now is the time when you make your software not only useful but also loveable.
Work properly on the interface design. Remember, the process of using your product should be pleasant, easy, and exciting: in short, your app or website must be user-friendly. Only in this case, the first interaction of customers with the software will give them the most positive experience.
And one more piece of advice: don't try to design based on UI/UX trends alone. Consider the data you&rsquo;ve collected during your market analysis.
<h4 dir="ltr">Community Gathering</h4>
Also, it doesn't hurt to create a community loyal to your product. Find those users among the target audience who believe in your project and are ready to help you finish it. Communicate with them on an ongoing basis and get their opinion on your MLP.&nbsp;
<h4 dir="ltr">MLP Launch &amp; Testing</h4>
If you think your work will soon come to an end, then you're going to be disappointed. Alas, it's just begun.
After launching MLP, you need to test it on end-users and collect their feedback. The task is to draw conclusions and decide on the next development steps.&nbsp;
You&rsquo;ll act in this way cyclically, in iterations, until MLP becomes MMP: a minimized product, which brings you profit.
<h3 dir="ltr">Turning an MVP Into a Minimum Lovable Product</h3>
Another minimum lovable product example is the case when MLP is based on an already existing MVP.
Suppose, you've already built a minimum viable product... why abandon it entirely? A much smarter step is to remake your MVP into what you actually need. And if you're not sure where to start, take a look at our tips, they might help you.
<h4 dir="ltr">Clarifying The Goal</h4>
First, you need to clarify the purpose of your project. Discuss the situation with the team and let them know that you have another task now, an updated one. All of you should work together, knowing what goal your company is aiming at and what you should get in the end.
<h4 dir="ltr">Analyzing User Preferences</h4>
You already have the basic functionality, which is a good start. All you have to do now is to add some appealing elements to your product and thus make it loveable.
If you haven't conducted your customer preference research yet, it&rsquo;s the best time to finally do so. You can use the received data to develop a further strategy. Your task is to work on software design, provide an innovative user experience, and think about integration with other tools.
<h4 dir="ltr">Looking For Balance</h4>
As you understand, there is a difference between MVP and MLP, but these concepts have something in common too. Namely, we&rsquo;re talking about the opportunity to launch the product without any extra effort. Therefore, one must keep in mind the balance between under-investing and over-investing in MLP.
If you under-invest in a project, you'll achieve nothing. If you overdo it out of a desire to implement too many features or UI elements, you'll waste extra resources.
<h2 dir="ltr">Summary</h2>
Creating an MVP only makes sense if you don't have any idea about your target audience yet, which is typical in the early project stages. Once you have the right information, turn your MVP into an MLP.
And remember! MLP development is an iterative process. It'll continue until you see you've achieved what you want, which means customers enjoy using your product.
<h3 dir="ltr">BTW!</h3>
Our experts know how to build a minimum loveable product and have relevant development experience. And we would be happy to help you with your software project.
&nbsp;
&nbsp;

MVP is no longer working! To successfully compete in the market, you need to start by creating your MLP product ⚡️ It's harder, but the result is better. But what is a minimum lovable product? And how to create one? We're happy to share with you our expertise in this regard. 💥

MVP is no longer working! To successfully compete in the market, you need to start by creating your MLP product ⚡️ It's harder, but the result is better. But what is a minimum lovable product? And how to create one? We're happy to share with you our expertise in this regard. 💥

What is a minimum lovable product? | The difference between MVP and MLP

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During the pandemic, entrepreneurs have realized the importance of the omnichannel strategy in sales and service provision. It prompted them to start developing internal IT systems, websites, and applications. And the first arisen question usually concerns the necessary project team members. So, let&rsquo;s find out what experts you need to implement your ideas and improve your competitiveness.&nbsp;
A small remark: in the article, we are talking only about outsourcing.
<h2 dir="ltr">What Is a Project Team?</h2>
The decision to create a website or application is just an intent. In order to bring your wishes to life, you need the help of professionals. Any software development team consists of a project manager and individual specialists. And it doesn&rsquo;t matter what approach (Waterfall or Agile) will be used. By the way, we recommend you read <a href="https://agilie.com/blog/waterfall-vs-agile-approaches-to-the-discovery-process">the article</a> to find out more about the approaches.
We can divide the development process into several stages. And completely different specialists are required for each implementation step.
<ul>
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First engagement (the preparation phase): business analyst, sales and account managers, marketers.
</li>
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Second engagement (the development process): CTO, project manager, QA engineers, UX/UI designers, and developers.
</li>
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Maintenance after launching: mainly developers and QA engineers. However, other team members may be involved as well (marketers are just an example).
</li>
</ul>
Not all specialists can be helpful in your project: it depends on the type of your solution. So, let&rsquo;s clarify project team roles to help you determine which experts you need.
<h2 dir="ltr">Software Development Experts: Roles and Responsibilities</h2>
<h3 dir="ltr">Project Manager</h3>
This is a kind of a chief, which unites all experts. Without the team member, it&rsquo;s impossible to get a software product on time with the required features and within the established budget. The project manager&rsquo;s responsibilities are as follows:
<ul>
<li dir="ltr" aria-level="1">
Leading and managing the entire team;
</li>
<li dir="ltr" aria-level="1">
Breaking down the development process into stages to make a step-by-step plan;
</li>
<li dir="ltr" aria-level="1">
Establishing dates and schedules;
</li>
<li dir="ltr" aria-level="1">
Assigning tasks for other team members;
</li>
<li dir="ltr" aria-level="1">
Preparing deliverables based on the plan developed.
</li>
</ul>
<h3 dir="ltr">Business Analyst</h3>
The specialist figures out the needs of your business and give recommendations on how to make your company better and more competitive. A business analyst estimates your project&rsquo;s objectives to make sure the existing business problems are going to be solved. This member of a team for a project also tries to add value to your organization.
Thus, the list of the work responsibilities looks as follows:
<ul>
<li dir="ltr" aria-level="1">
Finding out the project goals;
</li>
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Gathering requirements from users and business representatives;
</li>
<li dir="ltr" aria-level="1">
Documenting all requirements;
</li>
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Learning deliverables drown by the project manager to make sure they meet the requirements;
</li>
<li dir="ltr" aria-level="1">
Validating solutions by testing them.
</li>
</ul>
<h3 dir="ltr">CTO</h3>
A chief technology officer (CTO) is often a senior developer who is able to decide on the best tech stack, which is going to be used in your project. CTO ensures that your solution is scalable and can be built as soon as possible.
CTO doesn&rsquo;t usually code: the expert mainly conducts technical research to implement your ideas in the best way. It makes the chief technology officer one of the mandatory team members.
In addition, CTO often holds the position of the team lead. This person helps his subordinates stay productive and inspired. It&rsquo;s extremely important that specialists support the project objectives and are willing to work together towards the common goal.
<h3 dir="ltr">Developers</h3>
There are different types of such specialists depending on the technologies/tools used and the development area covered (front-end or back-end).
<ul>
<li dir="ltr" aria-level="1">
Front-end developers are project team members responsible for interfaces (a part of a website or application that users can see and interact with).
</li>
<li dir="ltr" aria-level="1">
Back-end development refers to server-side development. Specialists focus on databases, scripts, solution architecture, and so on.
</li>
</ul>
In order to create a website or application, you must have both front-end and back-end developers.
Jack of all trades is an appropriate option only for small projects because such experts don&rsquo;t usually have sufficient qualifications.
The duties of software developers:
<ul>
<li dir="ltr" aria-level="1">
Researching, implementing, and managing programs;
</li>
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Writing efficient code;
</li>
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Deploying software tools/metrics;
</li>
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Supporting and updating the created solutions;
</li>
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Training users;
</li>
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Working closely with UX/UI designers;
</li>
<li dir="ltr" aria-level="1">
Looking for areas in the existing programs to modify them.
</li>
</ul>
<h3 dir="ltr">QA Engineer</h3>
This is a specialist who tries to find bugs and different problems in the created software. A good expert spends hours using several test environments, devices, and tools to provide the client with an excellent-working website or application.
<h3 dir="ltr">UX/UI designer</h3>
The task of a designer is to create a modern design and make it appealing and eye-catching. The specialist also worries about the user experience because he knows the impact of customer satisfaction on the conversion rate.
The main responsibilities of a UX/UI designer are:
<ul>
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Developing usage scenarios;
</li>
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Running usability tests;
</li>
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Creating screen flows and product prototypes;
</li>
<li dir="ltr" aria-level="1">
Assisting with content creators;
</li>
<li dir="ltr" aria-level="1">
Developing final layouts.
</li>
</ul>
We should mention that a team for a project can also include a graphic designer if you don&rsquo;t have appropriate photos/icons or cannot find them on stock sites.&nbsp;&nbsp;
Thus, we have considered the responsibilities of the project manager and other crucial experts. The next question that may arise is how to choose a good team.
<h2 dir="ltr">How to Choose The Right Team?</h2>
We would like to distinguish several key steps:
<ol>
<li dir="ltr" aria-level="1">
Make a detailed description of the project. It&rsquo;s required to estimate the scope of work and the necessary resources.
</li>
<li dir="ltr" aria-level="1">
Check the expertise of each company you have chosen.
</li>
<li dir="ltr" aria-level="1">
Study portfolios. Try to find projects similar to yours.
</li>
<li dir="ltr" aria-level="1">
Observe reviews. It&rsquo;s great if they are posted on independent sources. However, keep in mind that some negative feedback may be ordered by competitors.
</li>
<li dir="ltr" aria-level="1">
Get in touch with the most suitable company to figure out an approximate budget. At this stage, the description created before is going to be very helpful.
</li>
</ol>
You can find more useful tips in the article &ldquo;<a href="https://agilie.com/blog/how-to-find-and-hire-the-best-mobile-development-team">How to Find and Hire The Best Mobile Development Team</a>&rdquo;.
In the end, we just want to note: don&rsquo;t try to mix in-house and outsourcing executors because it&rsquo;s often so hard to achieve coordinated work, especially when in-house employees don&rsquo;t have the needed qualification. An outsourcing company will create a working team that would include experts with the required experience.
<h2 dir="ltr">Conclusion</h2>
There are numerous project team roles, which actually you shouldn&rsquo;t sort out. Agilie has been operating since 2010, so you just need to voice your wishes: we&rsquo;ll gather the necessary specialists and make sure that you receive your solution on time.

We are ready to help you in implementing all your plans! Follow the link to get acquainted with our portfolio. In order to contact us, just fill out the form below.

See which team members are required for your project

In order to launch any digital product, you need a development team 👨‍💻 In this article, we have considered the main project team roles to help you delve deeper into the development process ⚙

Project team members and their roles

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Every company thinks about digitalization from time to time. And when it happens, some questions arise: is it better to create an in-house team or address an IT outsourcing company? The second option has numerous pros but it seems a little bit risky. In this article, we are going to debunk popular outsourcing myths and, thanks to it, save your money, time, and efforts.
<h2 dir="ltr">What is Outsourcing?</h2>
Outsourcing product development is an approach to the work when third parties are involved in solving your company&rsquo;s tasks. Simply put, you address another company with a request to perform your specific work. The cooperation method allows delegating the entirety of your functions or some of them.
Outsourcing is a perfect option if you stumble upon tasks, with which you haven&rsquo;t dealt before. Let&rsquo;s imagine you own a bakery and need a high-quality website. It&rsquo;s not your specialization, so you cannot launch a web resource independently. So, the best solution is to hire a development team.
You shouldn&rsquo;t mess up IT outsourcing with freelance because the second option doesn&rsquo;t imply the conclusion of a contract. It means freelancers can disappear anytime or you&rsquo;ll receive inappropriate work.
There are different types of outsourcing. You can choose a specific one, which will make your cooperation with a third party more convenient:
<ul>
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Onshore when you hire a team from your country.
</li>
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Nearshore when you collaborate with a company from a neighboring country.
</li>
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Offshore when your partners may be from any point in the world.
</li>
</ul>
Outsourcing has numerous pros. The main of them is the opportunity to hand off your task to high-experienced specialists. However, some entrepreneurs fear involving third parties in their work. This is why we decided to dispel popular outsourcing myths.
<h2 dir="ltr">Myth #1: Language and Cultural Barriers Discourage the Work</h2>
Perhaps, this is one of the main problems related to offshore IT outsourcing. You shouldn&rsquo;t worry if you are going to cooperate with a team, which understands and speaks English. Usually, such executors have adequate experience in working with foreign clients from the West. A good example is outsourcing product development in Ukraine: developers there freely collaborate with the USA, UK, Germany, Australia, and other countries, so any misunderstandings are excluded.
Specialists from Eastern Europe, India, the Middle East, and other similar regions value politeness and honor during collaboration with clients. In these cultures, people try to avoid surprises, reduce confrontation, and build long-term business relationships because they know the importance of a good reputation. Moreover, experts from the mentioned countries understand the mentality, true goals and wishes of their western clients. So, you&rsquo;ll be on the same page during the development.
At Agilie, we are always in touch with our foreign clients, so there is no cultural misunderstanding.&nbsp; Don&rsquo;t worry that the cultural barrier would interfere with our communication and rapport. In the Internet era, the world has become cosmopolitan: different cultures are intertwined, so we easily understand each other.
<h2 dir="ltr">Myth #2: Time Zones Make It Impossible to Cooperate Productively</h2>
There are 24 time zones, so the difference in the time may be significant. However, each side usually has overlap hours when both parties are available.
Actually, the time-zone differences can play into the hands. For example, you give tasks during the day according to your usual schedule, and your executors perform them within their working hours when it&rsquo;s night in your country. Thus, you get the finished work on the next business day.
So, time zones are nothing more than one of the myths about outsourcing.
<h2 dir="ltr">Myth #3: You Can Lose Control Over Your Project</h2>
It&rsquo;s the last thing you should worry about. Every IT outsourcing company needs certain consultations during the entire development time. It&rsquo;s impossible to create a product that would meet all your requirements without your involvement.
The development process is divided into certain sprints within the Agile approach (learn about it in the article &ldquo;<a href="https://agilie.com/blog/waterfall-vs-agile-approaches-to-the-discovery-process">Waterfall vs Agile Approaches to the Discovery Process</a>&rdquo;). And you will definitely be involved in almost every stage.
<h2 dir="ltr">Myth #4: Outsourcing Is About the Poor Quality</h2>
The reality is the opposite. Outsourcing companies are constantly &ldquo;headhunting&rdquo; talents and they do their best to retain skilled people. The lower cost of services isn&rsquo;t related to their quality. The reason lies in the cost of living. So, hiring a team from Eastern Europe or Asia will allow you to develop a high-quality solution on time with minimum investments. By the way, since 2010, we have been operating in Ukraine. It&rsquo;s one of the countries with the best IT specialists.
<h2 dir="ltr">Myth #5: Outsourcing Companies Serve Only Big Businesses</h2>
It&rsquo;s true that companies usually endeavor to collaborate with big businesses. However, they don&rsquo;t also ignore small and middle-market players, especially startups if they see the prospect of a product and the possibility of long-term cooperation.
If you&rsquo;re a very small business and you need specialists for one-time help, you should consider hiring freelancers.&nbsp;
Thus, we have just dispelled one of the popular myths about outsourcing.
<h2 dir="ltr">Myth #6: There Is a Significant Risk of Compromising Privacy</h2>
Trust is the basis of any business relationship. Outsourcing companies understand it, so they work hard to avoid conscious and unconscious data leaks. They do their best to maintain a high level of reputation.
Moreover, you should remember that you conclude a contract (non-disclosure agreement) before cooperating. And the cases of compromising your company&rsquo;s privacy, security, and intellectual property rights can be mentioned in it. Possible consequences will stop any service provider from revealing private data.
<h2 dir="ltr">Myth #7: Outsourcing Product Development Is Much Slower Than the In-house Option</h2>
Such arguments are completely wrong. Most trusted outsourcing companies hire experts in their fields, so it&rsquo;s easy for them to implement your ideas and wishes.
When it comes to the in-house approach, first of all, you have to find well-experienced employees. This task alone can take a lot of time, not to mention other possible problems. And there is no guarantee that the specialists you found have enough qualifications to successfully accomplish your project on time.
Thus, in-house development costs higher and often requires more time.
<h2 dir="ltr">Myth #8: Outsourcing Isn&rsquo;t Suitable for Long-term Work</h2>
This thought of some entrepreneurs is actually one of the outsourcing myths. In order to come to the truth, it&rsquo;s enough to recall outsourcing companies that offer strategic services such as financial consultancy, enterprise resources planning, supply chain services, and so on. They prove the fact that it&rsquo;s possible to work with third parties as long as needed.
<h2 dir="ltr">Myth #9: Outsourcing Is a Good Option Only for Established Businesses</h2>
This fact has no connection with reality. You shouldn&rsquo;t be a &ldquo;big guy&rdquo; to start collaborating with an IT outsourcing company. Most service providers are open to clients who are only planning to run a business. And specialists are ready to help them avoid pitfalls.
A good example is our <a href="https://agilie.com/expertise/discovery" target="_blank" rel="noopener">Discovery service</a> within which our experts conduct research to find out the necessary features of your future solution, the requirements of your audience, and other marketing things.
<h2 dir="ltr">Myth #10: It&rsquo;s Impossible to Use Agile and DevOps While Outsourcing</h2>
Numerous service providers practice Agile and DevOps methodologies to deliver the best solutions with the highest quality. Thus, you can count on quick development and getting a product, which meets all your needs.
<h2 dir="ltr">Conclusion</h2>
Thus, there are two options to create a product: to hire an in-house team or find an IT outsourcing company. If you choose the second option, you will save your budget and time (you start cooperating with a skilled and high-experienced team without the need to look for specialists and solve personnel issues).
Collaborating with outsourced developers may last as long as required. You pay for the working hours of specific specialists, which eliminates redundant costs. Thus, outsourcing is a perfect practice if you aim to get a real result as soon as possible without high expenses.

Since 2010, we have cooperated with numerous different businesses on an outsourcing basis. So, be sure you have found an appropriate and advantageous method of collaboration. Feel free to contact us to discuss your project and start implementing your ideas.&nbsp;

10 popular outsourcing myths, which we have debunked

Are you scared of cooperating with an IT outsourcing company? 👀 We have gathered 10 popular myths about outsourcing, which will make you calm down and, maybe, change your mind 🤝 All details are in our latest piece

TOP-10 outsourcing myths in the IT-sphere

Today, the financial industry can&rsquo;t do without the stack of modern technologies namely Artificial Intelligence (AI) and Machine Learning (ML). The systems help to estimate different risks, understand clients&rsquo; habits, and reduce costs by automating processes. In this article, we are going to consider the main benefits of applying AI and ML solutions in the financial sphere.
<h2 dir="ltr">What is Meant by ML, AI and Fintech?</h2>
Fintech is a collective concept, which includes all the existing technologies that are used by banks and other financial establishments. AI and ML are an important part of fintech. Learn more information about them from the article &ldquo;<a href="https://agilie.com/blog/what-is-financial-technology-fintech-definition-evolution-examples">What is Financial Technology? FinTech Definition, Evolution, Examples</a>&rdquo;.
AI is a separate section of computer science dedicated to building smart machines. Such systems are able to perform work that typically requires human intelligence. The best examples of AI are Siri, Alexa, email spam filters, self-driving cars, and the like.
ML is a special approach, which allows specialists to &ldquo;teach&rdquo; computers without programming. Machine Learning is a subtype of Artificial Intelligence. Its work is based on Big Data: a computer uses historical data as input to predict new output values. This process resembles a baby who learns to classify objects and events independently and determine the relationships between them.
So, let&rsquo;s find out more about the AI Transformation in fintech.
<h2 dir="ltr">How does Fintech Benefit from AI &amp; ML?</h2>
The significance of AI/ML solutions is difficult to overestimate because they open numerous opportunities to improve and expedite service provision. We would like to mention the following benefits:
<ul>
<li dir="ltr" aria-level="1">
Saving time. Employees can be not involved in most processes because operations are performed by the computer.
</li>
<li dir="ltr" aria-level="1">
Reducing costs. It&rsquo;s impossible to imagine how many people you need to serve all clients manually. Moreover, it&rsquo;s worth mentioning complex tasks, the execution of which without modern AI and ML solutions may take a decent amount of time and cost an arm and a leg.
</li>
<li dir="ltr" aria-level="1">
Uninterrupted working process. Human resources are limited while machines work as long as needed and round the clock.
</li>
<li dir="ltr" aria-level="1">
Augmenting the capabilities of individuals. For example, specialists operate faster when having modern tools such as AI software. Thus, the crucial decisions in the company are made in the shortest possible time.
</li>
<li dir="ltr" aria-level="1">
Improving customer experience. The AI Transformation in FinTech is obvious: users are able to operate online and make payments in no time. Furthermore, financial companies have begun to better understand the customers&rsquo; requirements thanks to AI and ML.
</li>
<li dir="ltr" aria-level="1">
Fraud elimination. The computer monitors each account and internal system 24/7. If it notices something suspicious, it blocks transactions immediately.
</li>
</ul>
<h2 dir="ltr">AI &amp; ML in Fintech: Real-Life Cases</h2>
It&rsquo;s impossible to mention all existing use cases so we have cited below the most vivid ones.
<h3 dir="ltr">Chatbots</h3>
Bots with Artificial Intelligence are able to provide users with certain links and forms that they request. A good example is users who wish to find out details about commissions. They just need to enter their request and then get a link with a comprehensive description. Thus, consultants can focus on solving other non-standard problems instead of wasting their time on the simplest tasks.
A well-known fact: each client asks the robot differently. Machine Learning in Fintech helps to gather the data about user requests and improve language recognition.
<h3 dir="ltr">Security</h3>
In the bank field, market players usually apply two-factor logins (password and biometrics). So, AI and ML solutions are crucial technologies, which speed up the authorization process and enhance the level of its accuracy. Moreover, some banks have implemented facial recognition thanks to the advanced versions of AI and ML.
<h3 dir="ltr">Big Data &amp; Analytics</h3>
The main task of any enterprise is to increase income. And it may be achieved by analyzing customer needs in order to offer exactly what they wish. Today, it&rsquo;s easy to force smart computers to learn the behavior of users, their habits and expenses.
Knowing user habits and frequent transactions is also a key to cyber security and early fraud detection. If the system sees some unusual and suspicious actions, it immediately blocks the account.
<h3 dir="ltr">Better Risk management</h3>
With a set of AI tools, businesses have another competitive advantage: they can make predictions of future changes in the financial market. As a result, it allows increasing sales, maximizing resource utilization, and augmenting operational efficiency by removing different risks.
<h3 dir="ltr">Reducing paperwork</h3>
You can&rsquo;t deny that finance is a highly confusing topic. It usually includes a lot of paperwork and processes to go through. AI/ML solutions simplify numerous things and even provide some assistance. Accountants and economists start doing their work faster and more accurately.
Other potential gains from AI applications in Fintech are:
<ul>
<li dir="ltr" aria-level="1">
Improved Credit Quality Assessment;
</li>
<li dir="ltr" aria-level="1">
Advancement of financial inclusion;
</li>
<li dir="ltr" aria-level="1">
Stronger capital optimization;
</li>
<li dir="ltr" aria-level="1">
Better stress testing;
</li>
<li dir="ltr" aria-level="1">
Improved market impact analysis;
</li>
<li dir="ltr" aria-level="1">
Improved trading and investment strategies;
</li>
<li dir="ltr" aria-level="1">
Advanced compliance and risk mitigation.
</li>
</ul>
<h2 dir="ltr">The main cons related to AI Transformation in FinTech</h2>
There are no ideal systems: even Artificial Intelligence and Machine Learning have certain cons despite a whole list of advantages. And the presence of cons doesn&rsquo;t mean you should abandon modern technologies.
The first thing you ought to know is that even AI and ML solutions make mistakes, so you shouldn&rsquo;t count on infallible work without any control from employees. Alternatively, you can discuss a developer of the technology to provide you with a guardrail software, which would switch off the AI solution when it begins to produce incorrect outputs.
Another crucial risk has to do with the integration and implementation. AI providers must understand the IT estate, processes and data sets in your company to roll out a proof-of-concept model. The desire to adopt AI/ML solutions may become a protracted thing when there is a lack of discussion.
And the last common snag is the transparency of data. Machine Learning requires clear and accurate information arrays. Otherwise, the level of errors in outputs is likely to be significantly higher. Thus, if a business isn&rsquo;t able to trace the quality of data, first of all, it must develop internal tools for that. Also, such a company should have a manual on how to act in certain circumstances.

Agilie has been implementing fintech solutions since 2010. Contact us in any convenient way to discuss your project and find the most appropriate systems for you. Our tasks are simple: to help you increase your company&rsquo;s income by boosting your work and improving the quality of your services.

AI and ML solutions as the main tool in the financial sphere

In this article, we are going to consider the AI Transformation in Fintech 🤖 Find out how modern systems help entrepreneurs do business and increase income 📈 Also, learn about common use cases of AI and ML solutions.

AI and ML solutions in Fintech: Benefits and Challenges

What is Cybersecurity in Healthcare? How to protect hospital networks? What cyberattacks on healthcare organizations should we fear in the first place? 🔔 We know the answers to all these questions and are ready to share our expertise with you.

What is Cybersecurity in Healthcare? How to protect hospital networks? What cyberattacks on healthcare organizations should we fear in the first place? 🔔 We know the answers to all these questions and are ready to share our expertise with you. 

Main Healthcare Cybersecurity Threats | What is Cybersecurity in Healthcare?

The banking industry has changed forever: we can no longer imagine a bank without its mobile app. It&rsquo;s a tool, which helps to expedite processes and makes the interaction with the bank more convenient. The brightest example of a successful solution is Monzo. In this article, we are going to find out what clients like about its digital banking app. In addition, we&rsquo;ll consider the main alternatives to Monzo.&nbsp;&nbsp;&nbsp;&nbsp;
<h2 dir="ltr">What is Monzo?</h2>
Monzo is a popular mobile bank, which practices a modern approach to the provision of banking services. The financial company doesn&rsquo;t have branches: all operations are carried out through its mobile application. It allows founders to decrease costs and commissions for clients.&nbsp;
The general principle of work is the same as in other banking institutions: users make instant transactions, open deposits, take loans, and so on. But all they need to do is just open the application.
The digital banking app of Monzo helps clients enhance their budgeting and organize finances. The most useful features we would like to note are:
<ul>
<li dir="ltr" aria-level="1">
User-friendly graphics that allow understanding spending better;
</li>
<li dir="ltr" aria-level="1">
Splitting bills;
</li>
<li dir="ltr" aria-level="1">
Keeping track of who owns the money you sent;
</li>
<li dir="ltr" aria-level="1">
Automatic transferring money to a savings account;
</li>
<li dir="ltr" aria-level="1">
Receiving notifications if certain bills are higher than your set limit;
</li>
<li dir="ltr" aria-level="1">
Scheduling transactions.
</li>
</ul>
The variety of wonderful features is one of the reasons why the bank is so popular. However, there are numerous other players in the market. Let&rsquo;s find out the best alternatives to Monzo.
<h2 dir="ltr">5 Alternatives to Monzo</h2>
<h3 dir="ltr">Revolut</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676580883511.png" alt="Alternatives to Monzo Revolut" width="796" height="597" />
A perfect solution if your main task is to transfer money with minimum charges. Revolut is operating in 130 countries, so you can easily use its card abroad. Moreover, the bank offers users the opportunity to buy and hoard cryptocurrencies such as Bitcoin, Ether, and Litecoin.
Revolut was founded in 2015 as a fintech startup, so the company is still developing. It explains the presence of certain relevant problems, which will be solved after a while (we hope).
Pros:
<ul>
<li dir="ltr" aria-level="1">
Holding money in several currencies;
</li>
<li dir="ltr" aria-level="1">
Ever-expanding set of features (crypto trading added in 2019, virtual cards, and so on);
</li>
<li dir="ltr" aria-level="1">
Premium subscriptions with different perks (for example, travel insurance).
</li>
</ul>
Cons:
<ul>
<li dir="ltr" aria-level="1">
Strict security rules (your account may be temporarily frozen without notifications).
</li>
<li dir="ltr" aria-level="1">
Poor client support. Perhaps, the company doesn&rsquo;t have enough resources to provide users with great new features and qualitative support at the same time.&nbsp;
</li>
</ul>
Anyway, Revolut is one of the best alternatives to Monzo taking into account its mobile application and features offered to users.
Link: <a href="https://www.revolut.com/" target="_blank" rel="nofollow noopener">Revolut</a>
<h3 dir="ltr">The credit thing</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676580896585.jpg" alt="Alternatives to Monzo The credit thing" width="1024" height="512" />
An app-based market player, which features not only the full set of banking services but also its human customer service (unlike Revolut). An important remark: The Credit Thing isn&rsquo;t actually a bank; this is an e-money agent of PrePay Technologies Ltd authorised by the Financial Conduct Authority.
The company appeared in 2020. And it has a good chance to become one of the main alternatives to Monzo.
Pros and benefits:
<ul>
<li dir="ltr" aria-level="1">
Protecting money from fraud. If you notice something suspicious, the team of The credit thing is always on hand to help;
</li>
<li dir="ltr" aria-level="1">
Low fees or their absence (even abroad);
</li>
<li dir="ltr" aria-level="1">
Full control over your card in the mobile application;
</li>
<li dir="ltr" aria-level="1">
Excellent customer support (in WhatsApp or iMessage);
</li>
<li dir="ltr" aria-level="1">
Detailed expanses in graphics.
</li>
</ul>
Cons:
<ul>
<li dir="ltr" aria-level="1">
A very young startup, so it has enough things to improve.
</li>
</ul>
Link: <a href="https://thecreditthing.com/" target="_blank" rel="nofollow noopener">The credit thing</a>
<h3 dir="ltr">Starling Bank</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676580914605.png" alt="Alternatives to Monzo Starling Bank" width="1482" height="750" />
The solution for instant payments and other financial operations was launched in March 2017. Today, Starling Bank is serving more than 2 million accounts including 350 thousand accounts of small businesses.
The company has earned the top customer score of 88%. Its services are related to both individual clients and small/middle companies. All transactions are easily performed online with the help of the digital banking app.
Pros:
<ul>
<li dir="ltr" aria-level="1">
Good control over your funds (you can restrict or block some payments);
</li>
<li dir="ltr" aria-level="1">
Paperless statements;
</li>
<li dir="ltr" aria-level="1">
Free cash withdrawals abroad;
</li>
<li dir="ltr" aria-level="1">
No foreign transaction fees;
</li>
<li dir="ltr" aria-level="1">
The opportunity to integrate your account with marketplaces.
</li>
</ul>
Cons:
<ul>
<li dir="ltr" aria-level="1">
The integration is available on platforms, which Starling bank cooperates with;
</li>
<li dir="ltr" aria-level="1">
Only UK residents are able to open accounts.
</li>
</ul>
Link: <a href="https://www.starlingbank.com/" target="_blank" rel="nofollow noopener">Starling Bank</a>
<h3 dir="ltr">First Direct</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676580968604.png" alt="Alternatives to Monzo First Direct" width="1478" height="754" />
It&rsquo;s one of those rare true banks, which operate totally online. First Direct was created in 1989, so it has proven its reliability.
There are several reasons why we have included the financial establishment in the list of the main alternatives to Monzo:
<ul>
<li dir="ltr" aria-level="1">
Wide range of services (from current accounts and mortgages to worldwide insurance and ID theft assistance);
</li>
<li dir="ltr" aria-level="1">
Amazing customer support;
</li>
<li dir="ltr" aria-level="1">
Absence of bots (all decisions regarding your account are made by real people);
</li>
<li dir="ltr" aria-level="1">
Convenient, easy-to-use application and website.
</li>
</ul>
However, the bank also has a few drawbacks:
<ul>
<li dir="ltr" aria-level="1">
First Direct accepts new clients only with good credit records;
</li>
<li dir="ltr" aria-level="1">
&pound;10 fee if your turnover on your account is less than &pound;1,000 per month.
</li>
</ul>
Thus, we recommend looking up to First Direct because this company has proven the effectiveness of its strategy.
Link: <a href="https://www1.firstdirect.com/" target="_blank" rel="nofollow noopener">First Direct</a>
<h3 dir="ltr">Monese</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676581039760.jpg" alt="Alternatives to Monzo Monese" width="1600" height="900" />
Monese is a digital bank founded in 2015. It&rsquo;s a great option if you wish to set up a UK account without the need to prove your address, credit story, and so on. The number of services is enough for most people (the bank is constantly expanding the range of features). Besides GBP, clients can open a EUR account as well.
Pros:
<ul>
<li dir="ltr" aria-level="1">
Quick and simple setup;
</li>
<li dir="ltr" aria-level="1">
Smooth application with an excellent user experience;
</li>
<li dir="ltr" aria-level="1">
Premium subscription options with extra privileges.
</li>
</ul>
Cons:
<ul>
<li dir="ltr" aria-level="1">
No deposit guarantee (no a banking license);
</li>
<li dir="ltr" aria-level="1">
Limits on withdrawals, top-ups, and spending money;
</li>
<li dir="ltr" aria-level="1">
Insufficient customer support.
</li>
</ul>
The bank is betting on its application, which, by the way, deserves praise.
Link: <a href="https://monese.com/gb/en" target="_blank" rel="nofollow noopener">Monese</a>
<h2 dir="ltr">Summing up</h2>
Nowadays, the basis of any financial company is a digital banking app. Clients wish to operate completely online: they avoid visiting branches by all means. The best alternatives to Monzo will help you figure out what to improve in your company and mobile app. You can adopt certain tactics and approaches to increase customer loyalty, expand the range of services, and, as a result, boost your development.

Feel free to contact us to discuss your future or existing project. One of our specializations is the financial industry, so we are able to bring to life any of your ideas. Moreover, we&rsquo;ll consult you about must-have features to guarantee your success.

Figure out the best alternatives to Monzo from this article

Monzo is a popular digital bank, which attracts clients with its thoughtful application 📱 In this article, we have gathered the best alternatives to Monzo. We believe they will help you improve your digital product 🔝

The best alternatives to Monzo with a high-quality digital banking app

What are healthcare IoT applications? How do they improve the processes of hospitals and other medical facilities? 🏥 How to implement IoT in the healthcare business? We answer these and other questions with our new article.

What are healthcare IoT applications? How do they improve the processes of hospitals and other medical facilities? 🏥 How to implement IoT in the healthcare business? We answer these and other questions with our new article.

IoT in Healthcare | Popular Healthcare IoT Applications

Modern solutions have penetrated into numerous industries including the financial field. Every day we interact with various gadgets and do not even realize how they improve our life and the state of the economy. In this article, we are going to consider the IoT in banking: the benefits of different systems and reasons to start their implementation.
<h2 dir="ltr">What is IoT Technology?</h2>
The IoT technology in any enterprise is a set of devices connected to the Internet. The holistic system is managed by special software with or without Artificial Intelligence (AI). True smart solutions, which we deploy, are able not only to collect but also to analyze data by representing it in a meaningful way.
Without a doubt, the Internet of Things is a leading technology in the near future. Specialists have estimated that the IoT market had exceeded $500 million in 2021. And the growth is going to continue: by 2027, the market will cross the $2 trillion mark.
<h2 dir="ltr">Benefits of the IoT in the Banking Industry</h2>
The Internet of Things is usually associated with smart homes but actually, the technology has a significant spread in the production and service spheres. Let&rsquo;s find out what the IoT might offer you as an entrepreneur and your clients.
<ul>
<li dir="ltr" aria-level="1">
Personalized service. The IoT systems are about gathering and analyzing data related to the needs and habits of your audience. As a result, you are able to provide services that would meet all users&rsquo; requirements. According to some research, one in three millennials can easily change the bank if the convenience of use and banking offers don&rsquo;t match the initial expectations.
</li>
<li dir="ltr" aria-level="1">
Boosting business processes. The mainstream among the mobile banking trends is the refusal of human labor because it&rsquo;s too expensive and irrational. Automated systems can easily replace a part of employees by processing requests and operations. A good example is a time for opening a new account, which is reduced to five minutes in some modern banks and is performed in a mobile app.
</li>
<li dir="ltr" aria-level="1">
Simplified switching to the online business model. There are financial establishments, which don&rsquo;t even have branches: they are operating completely online saving a decent amount of income. IoT solutions allow you to adapt faster and easier to the ever-changing world.
</li>
</ul>
Moreover, implementing IoT solutions lays the foundation for a structural transformation of your business in the future by simplifying it.
<ul>
<li dir="ltr" aria-level="1">
Expanding the range of services. If you know the hobbies and preferences of customers, you can offer more services. You are able to link the financial industry to channels where users leave their money. The bottom line is to provide bonuses and financial rewards to an audience segment, which takes advantage of the offers of your partners. The list may include gyms, restaurants, train stations, and so on.
</li>
<li dir="ltr" aria-level="1">
Simplifying the decision-making process. The main benefit of IoT in banking is receiving answers to numerous questions about your clients. Thanks to the IoT, banks get a huge amount of information that helps them make the right decisions regarding the launch of new products and development in general.
</li>
<li dir="ltr" aria-level="1">
Eliminating fraud. It&rsquo;s a merit of technologies that enhance the security level.
</li>
</ul>
Each of the mentioned things leads to one crucial goal of any company: increasing revenue by improving customer loyalty.
<h2 dir="ltr">How to Apply the Internet of Things to Banking?</h2>
It&rsquo;s impossible to cite all existing scenarios of using IoT technologies within the article. So, we are going to list the brightest ones.
<h3 dir="ltr">Security</h3>
A high-security level is the basis of the financial industry. So, in order to have a clue about who is making a transaction or trying to access a certain resource, companies must perform authentication.
Technologies aimed at your clients:
<ul>
<li dir="ltr" aria-level="1">
Logging to ATMs using a smartphone. Let users scan a QR code on the ATM screens to enter their personal accounts. It will allow your clients to have an expanded range of services and secure their operations;
</li>
<li dir="ltr" aria-level="1">
Approval of payments. If the system sees a new recipient and the amount of money is decent, it may ask for the transaction approval through a phone call or an SMS code. The first method involves a robot that requests the user to tap, for example, the number 1 on the keyboard.
</li>
</ul>
IoT in banking aimed at your employees:
<ul>
<li dir="ltr" aria-level="1">
Video surveillance. It&rsquo;s not necessary to keep records 24/7: smart systems allow starting the process after detecting movements. Moreover, there are solutions, which are able to recognize people (of course, if they are close enough to the camera and are looking straight into the lens);
</li>
<li dir="ltr" aria-level="1">
Pass system. To know who comes in and out, you should take care of passcards. All the employee needs to do is scan it. After that, the data about the person will be recorded and the door will open.
</li>
</ul>
Thus, The Internet of Things provides strong data protection with multiple authentication options.
<h3 dir="ltr">Expediting assistance</h3>
Modern technologies make visiting bank branches more organized: people can sign up for an electronic queue in a special self-service terminal. The computer will display a message when it&rsquo;s your turn.
In order to save time and money, modern banks have refused the use of paper bills and documents: the operations are performed electronically; clients sign documents on a tablet and then receive a receipt by email or in a bank application. So, the benefits of IoT in banking are obvious: such an approach to the assistance process is fast and eco-friendly.
<h3 dir="ltr">Offering a unique user experience</h3>
Wallets look different nowadays: it&rsquo;s usually smartphones with NFC chips. However, there are other options: smart bracelets, smartwatches, or even rings! Everything of these is a big part of the Internet of Things, which generates a new user experience.
The last thing we would like to mention is control over cars/planes, which are in rent. IoT solutions allow tracking their locations and parameters inside them such as temperature, humidity, and so on. It&rsquo;s important to keep the transport in proper condition.
<h2 dir="ltr">Main Risks You Should Be Aware Of</h2>
We have listed numerous reasons why you should implement IoT systems. However, we are going to be honest with you: there are certain risks if you entrust the development to an unprofessional team.
<ul>
<li dir="ltr" aria-level="1">
Using uncertified hardware. Such devices have an insufficient level of cyber security and do not often receive updates. As a result, storing data on them becomes insecure.
</li>
<li dir="ltr" aria-level="1">
Lack of visibility and device management. Unmonitored and untracked devices cause suffering. IoT in banking is about convenience and complete control, not about trying to make solutions work.
</li>
<li dir="ltr" aria-level="1">
Stealing data. Such endeavors should be prevented at the hardware and software levels. Modern gadgets have special chips, which make it impossible to compromise information.
</li>
<li dir="ltr" aria-level="1">
Ill-considered decisions at the very beginning of implementation. It&rsquo;s a big problem taking into account the conservatism of the banking industry. You cannot sometimes follow the mobile banking trends because your financial establishment requires preparation. And it may cost an arm and a leg.
</li>
</ul>
Agilie is here to help you implement all your ambitions despite the existing challenges. We know what a quality product should look like and how to ensure an unprecedented level of security.

Our team has the necessary expertise and resources, so feel free to get hold of our manager to start working on your project.

Examples of using the IoT in the fintech industries: the main benefits

The benefits of IoT in banking are obvious: modern technologies are the only way to automate most processes  and expedite the service for your clients  So, learn from the article how the IoT can help in doing your business

IoT in Banking and Fintech: the Main Benefits and Bright Examples

The only craving after a hard working day is a quick and tasty dinner on your table. Luckily, the modern world offers such an opportunity: a few taps in an application and delicious meals are served. In this article, we would like to consider the best food delivery service apps: their functionality and business models so that you could lay the foundation of your future solution. Moreover, we are going to take a look at the industry as a whole (spoiler: the takeaway market has been growing extremely rapidly over the past few years).
<h2 dir="ltr">What Is a Food Delivery Service?</h2>
Such services involve various business models but the bottom line is the same: companies provide clients with the opportunity to get meals or the necessary ingredients in the shortest possible time. The list of the best food delivery apps can include:
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Intermediaries who don&rsquo;t own restaurants or cafes. They launch applications and just gather orders. Delivery is a duty of the partners;
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Supermarkets and/or farms, which offer food products without having to leave your warm house;
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Restaurants/fast-food owners. They cook meals and then deliver them;
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Delivery companies. They are intermediaries but with their own couriers.
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</ul>
COVID-19 has propelled the food delivery industry a few years into the future, as numerous people in lockdown ordered treats online. In 2021, the market of delivery apps was estimated at more than $26,5 billion while in 2015 the amount was approximately $8,7 billion. If you&rsquo;re thinking about entering the industry, you&rsquo;ll want to study the available applications and learn from their success.
<h2 dir="ltr">7 Best Food Delivery Service Apps</h2>
<h3 dir="ltr">Postmates</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676558965161.png" width="1980" height="1010" />
This platform is among the best meal kit delivery services, which actually is an intermediator. Its solution has united multiple restaurants, so users can order meals from different places in one app.
Postmates was invented in 2011. Today in 2022, it has 10 million active users, who order five million items a month. The company&rsquo;s vision is to make deliveries fast and convenient.&nbsp;
Pros:
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A section with tips given by customers themselves;
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Daily planner;
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No rating system (you don&rsquo;t get blamed for restaurant mistakes).
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</ul>
Cons:
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Low rate for waiting time ($0.10 per minute);
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Slow service (from time to time, it depends on the workload of restaurants).
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</ul>
<h3 dir="ltr">Munchery</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676559052478.png" width="1766" height="744" />
This service takes pride in providing inexpensive, healthy, and professionally cooked meals. Created in 2011, the company has a unique offer: its menu includes both food sets and pre-made meals right to the customers&rsquo; doorsteps. The unique feature of Munchery is fast 15-minute dishes. Thus, it&rsquo;s one of the best food delivery service apps if you wish to satisfy your hunger in the shortest possible time.
There are two options to buy a meal:
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Order as a guest without a discount;
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Log in to get a 15% discount.
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</ol>
Pros of Munchery:
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Variety of menu daily;
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Premade meal options as well as food kits;
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Quick cooking (for less than 15 minutes);
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Opportunity to schedule deliveries a week ahead.
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</ul>
Cons:
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Ready-made meals are being offered in certain states in the US;
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No gluten, vegan, or vegetarian options.
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</ul>
<h3 dir="ltr">Freshly</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676559159843.webp" width="1024" height="417" />
It&rsquo;s a perfect option for people who are terrified by the prospect of cooking. With Freshly, you get ready-made, gluten-free meals, which are already portioned to enjoy in a single sitting.
The service was founded in 2012. After 5 years of development, Freshly was valued at $950 million and became available in every USA city.
Five simple steps to make an order:
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Choose a meal plan;
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Enter your address and email to create an account;
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Choose your favorite meals.
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Get your dishes, which you can put in the refrigerator and then heat them when you want.
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</ol>
Pros of the service:
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The appropriate solution for singles and couples;
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Taking care of allergy sufferers and people losing weight;
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Huge variety of meals;
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Simplified meal planning;
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Dishes cooked by experienced chefs;
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Natural and healthy ingredients.
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</ul>
Cons:
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Pretty expensive if you are a family person;
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No vegan or vegetarian options;
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Small portions.
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</ul>
Thus, it&rsquo;s one of the best meal kit delivery services in the market.
<h3 dir="ltr">DoorDash</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676559293100.png" width="1784" height="772" />
Nowadays, DoorDash is a leader in the USA with 34% of the market share. In 2021, it went public on the New York Stock Exchange with a valuation of $72 billion. The service has more than 25 million users and is doing everything possible to increase their number.
The features, which users adore:
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Artificial Intelligence recommendations. People get a set of dishes based on the previous choice;
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Live tracking to see where exactly is your courier;
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Pre-delivery option so that customers could schedule their orders.
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</ul>
Pros:
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High convenience thanks to the modern technologies;
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Numerous restaurants in the catalog;
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Prevalence in the market that means presence even in small cities.
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</ul>
Cons:
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DoorsDash drivers are not accepting small orders or orders that are far away;
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Вependence on couriers who have a certain autonomy.
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</ul>
DoorDash has been constantly improving the user experience of the app because it is the basis of its business model. This is why we have included the solution in the list of the best food delivery apps.
<h3 dir="ltr">Instacart</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676559369248.png" width="1786" height="756" />
Since the start of COVID-19, Instacart has become an essential service for millions of Americans trapped at home. It has an estimated 9,6 million active users and over 500 thousand shoppers. Its revenue was $1.8 billion in 2021.
The set of features is similar to DoorDash that guarantees convenience and ease of use.
Pros:
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Available throughout the United States and 9 Canadian provinces;
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Subscription option to save money;
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Partnership with several large grocery store chains.
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</ul>
Cons:
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Presence only in middle and big cities;
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Delivery and service fees, which are applied at the same time.
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</ul>
<h3 dir="ltr">ChowNow</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676559428153.png" width="1478" height="756" />
This is a commission-free online ordering platform built for restaurants to connect them with customers. ChowNow is one of the best meal kit delivery services, which makes money from monthly or yearly subscriptions. It&rsquo;s worth mentioning that ChowNow doesn&rsquo;t have couriers.
Thanks to the cooperation with more than 6 thousand catering establishments, ChowNow offers any cuisine imaginable. The company covers more than 12 thousand locations with its software and has about 7 million customers.
Pros:
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Special software for the ordering process, which embeds into partners&rsquo; systems;
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Huge variety of different dishes.
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</ul>
Cons:
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Mediocre convenience while ordering (a new window opens every time to complete checkout through ChowNow);
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No guarantee of fast delivery because it&rsquo;s not the responsibility of ChowNow.
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</ul>
<h3 dir="ltr">Just Eat Takeaway</h3>
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676559508644.png" width="1762" height="748" />
Compared to the vast majority of players in the market, Just Eat was wholly focused on technologies. The company offers special software, which allows connecting businesses in the UK to the Just Eat platform. Despite the advent of certain competitors namely Uber Eats and Deliveroo, Just Eat Takeaway is still extremely popular.
The service generated &pound;4.4 billion in revenue in 2021 (a 37% year-on-year increase). It has about 99 million active users.
Main pros:
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Database of numerous great eateries;
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Convenient user interface;
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Own integration system with companies.
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</ul>
Cons:
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Possible delays in delivery (it is a task of restaurants);
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Not cheap pleasure (15% is charged from each order).
</li>
</ul>
<h2 dir="ltr">First Steps to Create a Food Delivery Resource</h2>
As you can see, there are different business models for the delivery services. So, the first step to launching your own business is to choose a certain approach to the work. But which one? To decide on the best choice in your market, we offer the Discovery phase. The research will allow you to avoid entering an oversaturated market that usually entails significant unreasonable expenses. The article &ldquo;<a href="https://agilie.com/blog/why-you-need-to-start-your-project-with-the-discovery-phase">Why You Need to Start Your Project with the Discovery Phase?</a>&rdquo; will help you put in the loop about the <a href="https://agilie.com/expertise/discovery" target="_blank" rel="noopener">Discovery service</a>. Our team will estimate not only the cited list of the best food delivery apps but also other popular solutions.
If you wish to read more about building a food delivery app, please, follow the link: &ldquo;<a href="https://agilie.com/blog/how-to-build-a-food-delivery-on-demand-app-like-postmates-and-zomato">How to build a food delivery on-demand app like Postmates and Zomato</a>&rdquo;. Don&rsquo;t hesitate to contact us to clarify certain things.

We have considered the most popular food delivery apps. Open the link for details

The food delivery market has numerous high-quality solutions, which we decided to compare 🔎 (of course, the most interesting and popular of them). So, follow the link to get acquainted with the best meal kit delivery services 🏆

A list of the best food delivery apps with their pros and cons

Do you know what the software discovery phase is? We believe so, because the concept is gaining popularity month by month. And here's why!
You see, it is Discovery that allows you to find the right approach to project implementation. It offers you the best solution to delivering the product, capable of meeting all crucial user needs.&nbsp;
Definitely, we could tell you about Discovery and its benefits for a long time, but why waste time if the key information has already been crying for your attention? Just <a style="color: #3598db;" href="https://agilie.com/blog/why-you-need-to-start-your-project-with-the-discovery-phase" target="_blank" rel="noopener">follow the link</a> and read the article covering this very topic.
And now we'd like to discuss with you another issue, namely, two discovery phases, or rather, two ways of conducting research and analysis.&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1650630916324.png" alt="discovery stage" width="1000" height="410" />
As a rule, we, the Agilie team, work remotely and perform the required activities online. But if necessary, we&rsquo;re ready to visit your office in person and get information on site, so to say.
What should you choose? The answer is in the blog piece below. And we start, as usual, with the basics.
<h2 dir="ltr" style="text-align: justify;">Why Do You Need a Software Discovery Phase?</h2>
Of course, Discovery is hardly an obligatory project part. That's why many skip or reduce it and start with the Delivery steps right away... which they usually regret later. The thing is, they think they're saving time and/or money, but it's not really the case. In the long run, they're losing much more resources because this kind of short-sighted savings result in increased costs over time. It's not worth the risk.
The story with the Everest app serves as proof. The original idea was to create a digital platform aimed at helping users make their dreams come true. The features included setting goals, describing steps to achieve them, getting support from like-minded people, and so on.&nbsp;
The start of the project was successful: investors allocated $2+ million to finance its implementation. Alas, the developers failed to meet the promised six-month deadline. They paid too much attention to secondary features (such as offline synchronization: an option, which took too long to implement)... while they should have focused on releasing an MVP model first (the app with basic functionality).
Eventually, the app entered the market, but it was too slow and had poor UI/UX. And a few years later, the project had to be suspended. The most annoying thing about that is that the software discovery phase would have helped to avoid such a sad outcome.
If you don&rsquo;t want the same fate as Everest, don't skimp on the initial thorough research.
<h2 dir="ltr" style="text-align: justify;">What is a Discovery Stage Team?</h2>
Discovery takes from 2 weeks to a few months (roughly speaking) and involves a whole team of experts, including a business analyst, designer, technical specialist, project manager, and many others. They help the startup owner to understand how to approach the project, what features to create in the first place, what technology stack to choose to ensure the software runs smoothly. In other words, they'll explain to you how not to disappoint future users.
<ul style="text-align: justify;">
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To get detailed information on all Discovery experts and their responsibilities, see the article we linked to in the introduction.
</li>
</ul>
The aforementioned specialists can perform their work remotely; still further, the online format won't prevent them from showing their best (it's the so-called OFFSITE Discovery). However, in some cases, the business analyst and manager may visit the client personally to conduct on-site research (which is known as ONSITE Discovery). This way, they get first-hand information, dive into the nature of their client's business, and find out all the details.
Sounds good, but this has a downside as well. Moreover, both methods have their pros and cons, and the choice of a particular technique depends on the project's specifics.
Let's take a closer look at what's right for you and your startup.
<h2 dir="ltr" style="text-align: justify;">ONSITE vs OFFSITE Discovery Phases</h2>
Let's briefly remind you of what steps Discovery traditionally consists of (in the above article, you'll find their full description). <img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1650630952462.png" alt="software discovery phase" width="1000" height="340" />
It doesn't really matter if we only do Discovery online or include offline activities too. In both cases, we go through the same stages. The main difference is the methods and tools we use to achieve the desired result (say, a personal interview in Onsite Discovery and an online survey when working 100% remotely).
<h3 dir="ltr" style="text-align: justify;">OFFSITE Software Discovery Phase</h3>
Although the name sounds like it's offline, Offsite Discovery is all about remote work on the project (because we're working off site, and we mean your site). Undoubtedly, the option is at its peak today; and the following list explains why by highlighting the main benefits of online research:
<ul style="text-align: justify;">
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New challenges of the times: we mean, of course, the coronavirus and the pandemic it has caused. Over the past couple of years, we&rsquo;ve learned and got used to working remotely.
</li>
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Saving time: no need to go anywhere, the project discussion takes place remotely. And it does matter, as businessmen are usually on tight schedules.
</li>
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Saving money (we&rsquo;ll discuss this advantage of Offsite Discovery a little later).
</li>
<li dir="ltr" aria-level="1">
Convenience to the max. And finally, Offsite Discovery is really convenient! You aren&rsquo;t limited by anything: neither the time zone, nor the location, nor other factors.
</li>
</ul>
However, sometimes you have to resort to the help of personal meetings. Let's discuss the option at greater length, shall we?
<h3 dir="ltr" style="text-align: justify;">ONSITE + OFFSITE Discovery Stage</h3>
Just so we're clear: the Onsite approach doesn't work by itself. Offsite activities will still be part of the project. Personal visits are needed to collect information about the client's business, conduct interviews with those who own crucial data, and perform similar offline activities. The subsequent processing of the gathered information will take place remotely (online) anyway. You see, requirements analysis involves a lot of time and effort... starting it on the client's location (site) is expensive and therefore makes zero sense.
Let's not deny, though: Onsite Discovery is very effective&hellip; but only if you manage to organize the process correctly. If you want Agilie experts to personally visit you, be sure to keep them busy all the time. Also, your employees must be ready to spend time with our specialists, answer their questions, and help them understand how your company works. And we're not talking about a few hours... The visit may last at least a week (otherwise, there is no point in Onsite Discovery).
Agree, if the business analyst just walks around one of your offices, he'll be of little help to the project. The final results are likely to be minimal (at high costs).
<h3 dir="ltr" style="text-align: justify;">What About Discovery Phases&rsquo; Cost?</h3>
Surely you&rsquo;ve already been wondering how long Discovery takes, right? We have the answer to your question, although the data is rather approximate (each project is unique).
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1650631009666.png" alt="discovery phases" width="1000" height="281" />
As you can see, the implementation of the Discovery phase in the case of small and medium-sized projects takes a similar time, regardless of the chosen approach. But when it comes to large projects, the situation changes: Onsite + Offsite method gives faster results, which is hardly surprising. In the end, personal presence allows the expert team to get answers to all burning questions here and now, so to speak: you and your employees provide maximum information in real time. However, Discovery's accelerated process doesn't make it cheaper&hellip; quite the contrary.
See for yourself!
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1650631024526.png" alt="discovery phases" width="1000" height="281" />
We cannot name the exact cost of the Discovery phases, whether it's offsite or onsite, a lot depends on the specific project and the techniques used. But exact data isn't needed anyway (at least, right now): as the second table shows, research, which includes online and offline activities, entails additional expenses.&nbsp;
The explanation is simple: firstly, you should cover the cost of full board and accommodation for our team (usually, it's about a business analyst and a project manager, although there may be other options). Secondly, you need to finance the flight too (it would be unwise of us to work at a loss, right?). In addition, several of your employees will have to spend their precious time accompanying Agilie experts and showing them your business from the inside, figuratively speaking.
That's why so many people prefer the offsite format... The only question is how to make sure the Discovery phase remains effective even when executed remotely. What can we offer in this regard?
<h2 dir="ltr" style="text-align: justify;">How to Conduct the Discovery Stage Online?</h2>
Among our advantages is the willingness to work in a flexible mode and adapt to your needs. You yourself, as a client, choose a convenient interaction format, including a suitable time zone. And we use our best efforts to provide appropriate working conditions.
To be specific, here is what we offer as part of Offsite Discovery:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
agile approach to Discovery, when the development process is divided into repetitive cycles (sprints). Thus, we remain as flexible as possible and more easily respond to any changes.&nbsp;
</li>
<li dir="ltr" aria-level="1">
careful planning of current and future activities using modern digital tools, including the popular Google calendar.
</li>
<li dir="ltr" aria-level="1">
daily online/offline meetings within our Discovery team, which means each of its members stays abreast of developments. It also ensures transparency of processes.
</li>
<li dir="ltr" aria-level="1">
regular communication with the client (with you), so that you are in the know and can offer new ideas, if you have any. Our interaction channels include the following:
</li>
<ul>
<li dir="ltr" aria-level="2">
real-time communication in instant messengers (Viber or WhatsApp) and similar programs (Skype, Slack, etc.). If necessary, we can arrange an audio or video call;
</li>
<li dir="ltr" aria-level="2">
email communication, which allows you to write to us when you are in a hurry to convey some important information but there is no time to make a call right away;
</li>
<li dir="ltr" aria-level="2">
Google Meet/Zoom conferences if there is a need to have a longer and more detailed business conversation.
</li>
</ul>
</ul>
All the proposed ways to conduct the Offsite discovery stage aren&rsquo;t just a set of theories. We've tested them in practice, and they've proved effective and decisive.
For more information about our Discovery services, <a href="https://agilie.com/expertise/discovery" target="_blank" rel="noopener">follow the link</a>.
<h2 dir="ltr" style="text-align: justify;">Summary</h2>
Of course, there are situations when personal presence is preferable. So let&rsquo;s not completely dismiss the Onsite approach to the Discovery stage. Instead, we invite you to discuss your project and decide which of the two options is the ideal solution in your case.
&nbsp;

The discovery stage is the key to the success of the entire digital project. But which approach to choose, onsite or offsite? Our article answers this question 👌🏽 Follow the link to learn all about the two types of software discovery phases 😉

The discovery stage is the key to the success of the entire digital project. But which approach to choose, onsite or offsite? Our article answers this question 👌🏽 Follow the link to learn all about the two types of software discovery phases 😉

ONSITE & OFFSITE Discovery Phases: What To Choose?

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What is the discovery phase, and why do you need it? Read our article to find out the answers!

You’re planning to create a website or application and want it to make you profit as soon as possible, right? In this case, you cannot do without the discovery phase in software development ⚡ But what is the discovery phase of a project, and how to implement it in practice? Read our article to find out the answers ✅