How AI is Transforming Mobile Application Development

Mobile applications have become an indispensable part of human lives. They help in performing a variety of tasks and make it easy for businesses to promote their products and services locally and globally. Considering their role and importance, mobile app development service has emerged as one of the most sought-after services worldwide. With the increasing demand for feature-rich apps and providing users enhanced value and better experience, businesses are increasingly focusing on creating unique and smart apps powered with cutting-edge technologies like Blockchain, 5G, AR & VR, and AI and ML.

Artificial intelligence and machine learning have transformed the way we interact with machines and help in providing personalized experiences to users. Media and marketing companies, education, healthcare, and other companies are increasingly embracing AI in their mobile apps to serve their clients better and enhance brand reputation.

Some of the crucial ways in which AI has transformed the landscape of mobile app development are discussed below:

Empowering Search Engines
Artificial intelligence and machine learning have led to the increasing use of voice search and voice commands. You can ask your virtual assistant like Google Assistant, Siri, and Alexa to search for something for you. Be it restaurants, jeweler’s shop, or any other information you need, you can simply get answers by asking the right question to search engines.
Predictive Analysis for Personalized Recommendations
Whether it is online food delivery or grocery shop, books or kitchen appliances suppliers, businesses are embracing AI and Machine learning in their mobile apps to know their customers’ interests and explore ways to serve them better. With chatbots, they resolve queries of customers in real-time, and with push notifications, they offer personalized recommendations based on their browsing history, location, age, and preferences.
Facial Unlock Systems
With the launch of the iPhone X in 2017, facial recognition unlock became a popular feature on smartphones because of ease of use and added layer of security. Phone manufacturers use AI and ML-based algorithms for an individual’s face identification that unlocks the phone and the various apps installed on it. In the future, smartphone makers will use more advanced AI and ML that will detect a person based on changes in their facial features, like growing a beard or wearing glasses.
Enhanced App Security
With the increasing cybercrimes, security of data and apps has become more important. Using Artificial Intelligence and Machine Learning during mobile app development services helps detect malware and threats in real time and notifies users or enterprises to prevent the threat.
Translate Languages in Real-Time
Translation apps have become quite popular that helps people understand and use app features. However, most of these apps require an internet connection to perform seamlessly. With the integration of ML and AI into your app, smartphones will no longer need an internet connection to translate from one language to another, in a multitude of languages.
Besides this, mobile app developers can integrate AI with IoT to facilitate quick and seamless data transfer between devices that will help boost conversion rates.

NYC Bookkeeper Should Have Thorough Knowledge of Business Logic

Given the difficulties present in the current America economy, it has become more critical than ever for small business owners to get everything right. Being in business and out of business can often come down to saving significant money on taxes and finding inventive methods to save money on many start-up expenses. With myriad similar businesses all battling for the same customers, it’s critical to keep money that’s going out as low as possible. For New York businesses trying to compete in the very tri-state area, it is imperative for businesses to have the best of NYC Bookkeeper.

New businesses see greater levels of state and IRS audits and having the best representation can make the difference between a business succeeding and failing in those crucial nascent years. Having a good bookkeeper that has good experience working with similar start-up businesses is important because there a lot of unique issues faced by new businesses that existing companies don’t always have to deal with. Finding a good bookkeeper can be extremely difficult because there are so many new companies in that industry and it can be tough to separate a good accountant from one that will get you in more trouble than they will save.

Some of the best methods for finding a good bookkeeper in NYC are listed below.

First off, it’s important to only work with accounting firms that have a good deal of experience. In a bad economy, we’ve seen many bookkeepers start their business after being in other careers. For a lot of businesses, they may find that these fledgling accounting firms may not have the requisite knowledge to help people with fledgling business the way they should. It is recommended that people find a NYC bookkeeper that has many years of experience to help with start ups. Having experience with start-ups is a must because working with new business owners can be different than working with other companies. It is also important to find a bookkeeper that has some references within the vertical that their client is getting into. This is critical because obviously different industries have different needs.

Also, a key point is that most businesses in New York face greater startup expenses than many others in different locales. That makes any potential savings from taxes or expenses that much more important to these startup owners. The best bookkeeper in NYC can provide a very valuable service to their clients. It’s a commonly reported truism regarding how everyone has heard about the number of new businesses that fail. What they don’t realize is that so many new businesses fail because of the little things. One of those little things is that having a really good bookkeeper can often be the difference between success and failure. So spending a lot of time on finding a quality NYC bookkeeper can make all of the difference. There are more bookkeepers than ever, so it is important to go through and find one that has the right experience that can match up with where the specifics of the new business.

The Rise of Mobile Wallets in Myanmar: A Comprehensive Guide

The Mobile Wallet Landscape in Myanmar
Myanmar is on the cusp of a payment industry transformation. With only 26% of adults having a bank account, compared to the regional average of 49%, the potential for mobile wallets is immense. The country’s currency circulation, at 21% of M2, is notably higher than its peers, indicating a significant opportunity for digital payment solutions. The mobile subscription rate, at an impressive 135% of the population, further underscores the market’s readiness for mobile financial services.

Market Dynamics and Key Players
The Central Bank of Myanmar has granted licenses to a handful of non-banking institutions for mobile financial services, a modest number compared to Vietnam’s 33 licenses. Key players include Wave Money, OK$, M-Pitesan, My Money, and MPT Money. Additionally, commercial banks like CB Bank with CB Pay, MOB Bank in partnership with Ongo, and KBZ Bank with KBZ Pay are expanding their mobile financial offerings. Tellimer Research provides insights into Myanmar’s digital payments market.

Essential Features for a Mobile Wallet in Myanmar
To meet the demands of Myanmar’s growing digital economy, a mobile wallet must include the following features:

Instant Intra-wallet Payments
Users expect immediate transfers between wallets. Delays are unacceptable in a cashless society where the payment experience should rival that of cash transactions.

Payments from and to Bank Accounts
A mobile wallet should enable transfers directly from a user’s bank account and offer the option to receive funds in either their bank account or wallet.

Bill Payments
Mobile wallets must facilitate payments for utilities, mortgages, loans, rent, and tuition, providing a convenient alternative to traditional payment methods.

Physical and Virtual Card Management
Users should be able to store and manage multiple debit/credit card details securely within the wallet, leveraging encryption for enhanced security.

Integration with Contactless Payment Technologies
Adoption of QR codes and NFC technology is essential for enabling secure, contactless in-store payments.

Robust security measures, including two-factor authentication, tokenization, biometric authentication, and end-to-end encryption, are critical for protecting financial transactions.

Easy and Fast Onboarding
A seamless self-registration process is vital to prevent user abandonment during onboarding.

Coupons, Rewards, and Discounts
Offering deals and loyalty rewards can differentiate a mobile wallet in a competitive market.

Bill Splitting
This feature simplifies splitting bills among friends, enhancing user convenience and potentially attracting new customers.

Cash Withdrawals
Despite the trend towards cashlessness, providing options for ATM withdrawals remains important for situations where cash is still king.

Loan Offering and Management
Mobile-friendly loan services can create additional revenue streams, as seen with Paytm’s “Paytm Postpaid” service in India.

Analytical Diagrams and Dashboard
Financial health tracking tools can build user trust and encourage loyalty by offering insights into spending habits.

User Data Backup Facility
Options for secure data backup, such as syncing to iCloud or Dropbox, ensure users never lose track of their finances.

The Untapped Potential of Mobile Wallets in Myanmar
While the mobile wallet market in Myanmar is growing, there are still untapped opportunities. For instance, the use of mobile wallets for remittances remains relatively low despite the high number of Myanmar citizens working abroad. According to the World Bank, remittances to Myanmar amounted to approximately $2.8 billion in 2020, indicating a potential area for mobile wallet expansion (World Bank Data).

Moreover, the integration of mobile wallets with e-commerce platforms is still in its infancy. As online shopping gains popularity in Myanmar, mobile wallets that offer seamless payment solutions for e-commerce transactions could see significant growth.

In conclusion, the mobile wallet market in Myanmar is poised for significant growth, driven by the population’s embrace of mobile technology and the need for convenient financial services. By focusing on user experience, security, and innovative features, mobile wallet providers can tap into this promising market and contribute to Myanmar’s digital financial revolution.