<span data-contrast="auto" lang="EN-US" class="TextRun SCXW208499859 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW208499859 BCX8" data-mce-fragment="1">Read about</span><span class="NormalTextRun SCXW208499859 BCX8" data-mce-fragment="1"> how machine learning development services can help with predictive analytics, customer personalization and process automation. Check out 10 use cases in fraud detection, healthcare diagnostics and more to see industries transformed by data driven decision making and innovation</span><span class="NormalTextRun SCXW208499859 BCX8" data-mce-fragment="1"> in this blog.</span></span><span class="EOP SCXW208499859 BCX8" data-ccp-props='{"134233117":false,"134233118":false,"201341983":0,"335559738":240,"335559739":240,"335559740":279}' data-mce-fragment="1"> </span>

Benefits of Machine Learning and Their Practical Applications

 Nidhi Inamdar

IT Insights

<span data-contrast="auto" lang="EN-US" class="TextRun SCXW187833962 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW187833962 BCX8" data-mce-fragment="1">The cost of developing the app of your choice might vary </span><span class="NormalTextRun SCXW187833962 BCX8" data-mce-fragment="1">greatly based</span><span class="NormalTextRun SCXW187833962 BCX8" data-mce-fragment="1"> on features, developer location, and complexity. </span><span class="NormalTextRun SCXW187833962 BCX8" data-mce-fragment="1">This blog post explores the state of app development price in 2024 and breaks down average hourly rates, project estimations, and </span><span class="NormalTextRun SCXW187833962 BCX8" data-mce-fragment="1">important factors</span><span class="NormalTextRun SCXW187833962 BCX8" data-mce-fragment="1"> to consider </span><span class="NormalTextRun SCXW187833962 BCX8" data-mce-fragment="1">when</span><span class="NormalTextRun SCXW187833962 BCX8" data-mce-fragment="1"> planning your app development budget.</span></span><span class="EOP SCXW187833962 BCX8" data-ccp-props='{"201341983":0,"335559739":160,"335559740":279}' data-mce-fragment="1"> </span>

How much does it cost to hire an app developer in 2024?

<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Introduction</strong></h2>
<p data-mce-fragment="1">Digital transformation is now essential in today's business landscape, helping companies to stay competitive by adopting technology to streamline processes, improve customer experiences, and boost creativity.<strong><a href="https://www.lucentinnovation.com/services/software-development"> Custom software development </a></strong>contributes significantly to this transformation by delivering customized solutions that address specific company requirements, resulting in increased efficiency and productivity. Custom solutions, as opposed to off-the-shelf software, provide unique features, better safety, and seamless integration with present systems.  </p>
<p data-mce-fragment="1">According to IDC, global spending on digital transformation is expected to reach<strong><a href="https://www.idc.com/getdoc.jsp?containerId=prUS52305724"> $ 4 trillion</a> </strong>by 2027, while Grand View Research predicts that the custom software development market will grow to <strong><a href="https://www.grandviewresearch.com/industry-analysis/custom-software-development-market-report" target="_blank" rel="noopener noreferrer">$70.2 billion </a></strong>by 2025, at a CAGR of 22.3%, highlighting its vital function in driving business success and innovation. </p>
<h2><strong data-mce-fragment="1">Custom software is the perfect fit for your business needs. </strong></h2>
<p data-mce-fragment="1">Custom software, usually referred to as custom or tailor-made software, is the opposite of "one-size-fits-all." It is a custom software application that has been built and developed to meet the unique needs and functionalities of an organization. Unlike off-the-shelf software with general functionality, custom software is tailored to your specific workflows, issues, and goals. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Custom vs. Standard Software: A Tale of Two Business Impacts </strong></h2>
<p data-mce-fragment="1">The following table highlights the contrasting impact of custom software development compared to businesses relying on standard software solutions: </p>
<div style="text-align: center;"><img style="float: none;" alt="Custom Software vs Standard Software" src="https://cdn.shopify.com/s/files/1/1905/9639/files/Frame2610302_1024x1024.png?v=1719487399"></div>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">The Value of Custom Software in Business Innovation. </strong></h2>
<strong data-mce-fragment="1"></strong>
<p data-mce-fragment="1">In today's fast-paced corporate environment, innovation is essential for survival and growth in the face of tough competition. Custom software development develops as a powerful tool that allows firms to use technology in novel ways. Let's look at how custom software development benefits your organization, moving it towards innovation and success. <br data-mce-fragment="1"><br data-mce-fragment="1"></p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Key Advantages of Custom Software: Power Up Your Business </strong></h3>
<p data-mce-fragment="1">Custom software development provides various benefits: </p>
<div style="text-align: center;"><img style="float: none;" alt="Advantages of Custom Software" src="https://cdn.shopify.com/s/files/1/1905/9639/files/Frame2610303_1024x1024.png?v=1719487640"></div>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Streamline Operations:</strong> Automate processes and optimize workflows to increase productivity and reduce expenses. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Scale with Ease:</strong> As your business grows, your software changes smoothly to accommodate more users and data. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Enhanced Security:</strong> Custom solutions prioritize your security requirements, reducing risks and safeguarding critical data. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Integrated Systems:</strong> Seamlessly connects with existing applications, eliminating data silos and improving information flow. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Long-Term Cost-Effectiveness:</strong> The initial investment pays out in the form of eliminated licensing fees, lower upgrading costs, and resource savings through automation. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Competitive Advantage:</strong> Create unique features that handle your difficulties and define your business, thereby attracting customers. </p>
</li>
</ul>
<p data-mce-fragment="1"> </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Custom software provides tailored solutions for businesses of all sizes. </strong></h2>
<p data-mce-fragment="1">Custom software development isn't limited to large enterprises. Businesses of all sizes can use their potential to achieve their objectives. Let's see how. </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Small Businesses: </strong>Custom software bridges the gap between limited resources and ambitious goals. It automates time-consuming operations like inventory management and customer service, freeing up critical resources for growth. Furthermore, tailored solutions can be created to meet specific industry needs, providing small enterprises a fighting chance against larger competitors. </p>
</li>
<li data-mce-fragment="1">
<strong data-mce-fragment="1">Growing organizations: </strong>Custom software helps expanding organizations to adapt and change seamlessly. It can handle expanding data quantities, interact with new systems as needed, and allow for fast onboarding of new teams. This ensures that your technological infrastructure stays a solid basis for future growth and expansion. </li>
</ul>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Building Right: Best Practices in Custom Software Development </strong></h2>
<p data-mce-fragment="1">Developing excellent custom software requires an intentional strategy. Here are some important best practices to ensure success: </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Clearly Defined Needs:</strong> Thorough planning and outlining your specific business requirements are critical. This guarantees that the programme is tailored to meet your specific difficulties and goals. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Agile Development: </strong>Adopt agile approaches, which divide development into manageable sprints. This encourages ongoing feedback, flexibility, and swift adaptability to changing needs. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Experienced Team:</strong> Put together a team of experts who understand your sector and the technology that is most suited to your project. Look for good communication and teamwork abilities to enable a smooth development process. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Testing and security:</strong> It is essential to conduct rigorous testing throughout the development process. This reduces bugs while ensuring a high-quality end output. Prioritize security measures. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Ongoing Maintenance: </strong>Custom software is an investment that demands regular maintenance and support. Plan for upgrades, bug patches, and new features to keep your software running smoothly. </p>
</li>
</ul>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Conclusion: Tapping Your Business Potential with Custom Software </strong></h2>
<p data-mce-fragment="1">In today's competitive environment, custom software creation has become a game changer. It enables firms to streamline processes, obtain a competitive advantage, and experience significant growth. Investing in personalized solutions that exactly fit with your specific demands opens a world of possibilities. </p>
<p data-mce-fragment="1">Are you ready to tap into the possibilities of custom software for your business? </p>
<p data-mce-fragment="1">Our team of experts is ready to guide you through the development process and provide a solution that will catapult you to success.<a href="https://www.lucentinnovation.com/pages/make-an-enquiry"> <strong>Contact us</strong></a> today for a free consultation and learn how custom software can improve your business! </p>
<h2 data-mce-fragment="1"><strong>FAQs</strong></h2>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">1. What is custom software development? </strong></h4>
<p data-mce-fragment="1">Custom software development is the process of designing software applications tailored specifically to satisfy a business' needs. Unlike off-the-shelf alternatives, custom software is tailored to specific workflows and goals. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">2. How does custom software development help businesses? </strong></h4>
<p data-mce-fragment="1">Custom software increases efficiency by automating operations and integrating them smoothly with current systems. It also offers unique functionalities that might help organizations gain a competitive edge. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">3. Is custom software development expensive? </strong></h4>
<p data-mce-fragment="1">While custom software may require a higher initial investment than off-the-shelf alternatives, it is frequently more cost-effective in the long term due to increased productivity and scalability. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">4. How long does it take to create customized software? </strong></h4>
<p data-mce-fragment="1">Custom software development timelines vary according to the project's complexity and scope.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">5. Can custom software be modified after it has been deployed? </strong></h4>
<p data-mce-fragment="1">Yes, custom software may be upgraded and adjusted as company requirements change. This flexibility helps firms to adapt and develop without being restricted by software constraints. </p>
<p data-mce-fragment="1">Also Read, <a href="Top%2010%20Customized%20Software%20Solutions%20for%20Your%20Business"><strong>Top 10 Customized Software Solutions for Your Business</strong></a></p>

<span data-contrast="auto" lang="EN-US" class="TextRun SCXW5244419 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW5244419 BCX8" data-mce-fragment="1">Custom software development has transformed today's competitive scene, allowing firms to streamline operations, </span><span class="NormalTextRun SCXW5244419 BCX8" data-mce-fragment="1">acquire</span><span class="NormalTextRun SCXW5244419 BCX8" data-mce-fragment="1"> a competitive advantage, and achieve spectacular growth. Investing in personalized solutions that exactly fit with your specific demands opens a world of possibilities.</span></span><span class="EOP SCXW5244419 BCX8" data-ccp-props='{"201341983":0,"335559739":160,"335559740":279}' data-mce-fragment="1"> </span>

The Advantages of Custom Enterprise Software Development for Your Business

<h2 data-mce-fragment="1"><strong data-mce-fragment="1">What is Data Science as a Service (DSaaS)?</strong></h2>
<p data-mce-fragment="1">A cloud-based solution called <strong><a href="www.lucentinnovation.com/pages/what-is-data-science">Data Science</a></strong> as a Service (DSaaS) gives companies access to advanced analytics tools and artificial intelligence like deep learning without having to build internal data science teams. Businesses can use advanced data analysis tools and techniques to drive strategic decision making, find hidden insights and improve overall operational efficiency by using DSaaS. By democratizing access to advanced data science capabilities this service model allows companies of all sizes to leverage the power of data without having to deal with the cost and complexity of building internal expertise.<br data-mce-fragment="1"><br data-mce-fragment="1">By providing scalable and flexible <strong>data science as a service</strong> DSaaS helps companies to seize growth and process optimization opportunities. These services are easy to bolt on to existing workflows. These services are easy to integrate into an organization’s current operations so they can respond quickly to changing market conditions and <strong><a href="https://www.lucentinnovation.com/blogs/it-insights/dddm-data-driven-decision-making-for-businesses">make data-driven decisions</a></strong>. Companies can use DSaaS to stay competitive in a data centric world by using their data to drive innovation and achieve their strategic objectives. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Benefits of Outsourcing Data Science Projects</strong></h2>
<p data-mce-fragment="1">Outsource data science projects and get business insights without the need for internal data science expertise. <a href="https://www.lucentinnovation.com/services/data-science-as-a-service"><strong>Data science services</strong></a> help organizations optimize business processes, improve operational decision making and customer analytics. </p>
<p data-mce-fragment="1">A data science company can provide specialized data science solutions tailored to your business needs.</p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Access to Global Talent</strong></h3>
<p data-mce-fragment="1">Get the skills you need and get over the talent shortage by tapping into a global pool of experienced data science talent.</p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Cost Savings</strong></h3>
<p data-mce-fragment="1">Cut costs of hiring, onboarding and providing infrastructure for an internal team.</p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Faster Project Completion</strong></h3>
<p data-mce-fragment="1">Often outsourced teams can get started right away, which will save you time.</p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Specialized Expertise</strong></h3>
<p data-mce-fragment="1">Get access to more skills and knowledge than you would have internally.</p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Focus on Core Business Objectives</strong></h3>
<p data-mce-fragment="1">Allocate internal resources to your core business.</p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Steps to Choose the Right Data Science Provider</strong></h2>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Defining Your Project</strong></h3>
<p data-mce-fragment="1">The first step to successful Data Science as a Service (DSaaS) is to define your project. Managing the data science process effectively is crucial, as it involves oversight by business managers, IT managers, and data science managers. Start by identifying the specific business problems you want to solve with data science services. Whether you want to improve predictive maintenance, optimize supply chain operations or customer segmentation your project will be driven by clear objectives. Next decide what data types and sources you will need to analyze. This could be sensor data from IoT devices, social media interactions and customer transaction data. Knowing what you want from your data will help you choose the right data science service providers and ensure your project delivers.</p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Budgeting for Data Science Services</strong></h3>
<p data-mce-fragment="1">One of the key steps in planning your data science project is to budget. Calculate the costs of your project specifications, considering the data analysis's complexity and the outcomes you want. Think about the costs of <strong><a href="https://www.lucentinnovation.com/pages/hire-data-scientist">hiring internal data scientist</a></strong>'s vs <a href="https://www.lucentinnovation.com/"><strong>outsourcing to a data science service provider</strong></a> when budgeting. Having an internal team gives you control over your projects but it comes with a huge cost in terms of hiring, training and ongoing salary. Or it may be cheaper to use DSaaS from experienced data science service providers who offer scalable solutions and expertise without the long term financial commitment.</p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">What to Look for in a Data Science as a Service Providers?</strong></h2>
<p data-mce-fragment="1">Make sure the Data Science as a Service (DSaaS) provider you choose has the skills to meet your business needs. Here are some key features to look for: </p>
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<p data-mce-fragment="1">Expertise and Experience: Choose data science service providers who have a proven track record and a team of experienced data scientists who are up to date with the latest technology. </p>
</li>
</ul>
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<p data-mce-fragment="1">Full Service: Check if the data science service provider offers a full range of services including data analysis, deep learning and machine learning. </p>
</li>
</ul>
<ul data-mce-fragment="1">
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<p data-mce-fragment="1">Scalability and Flexibility: Choose DSaaS providers who can deliver scalable solutions and adapt to your changing business needs. </p>
</li>
</ul>
<ul data-mce-fragment="1">
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<p data-mce-fragment="1">Data Security and Compliance: A business offering data science services must adhere to data security regulations and compliances. </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Efficient Data Science Workflows: Ensure the provider can integrate efficient data science workflows to address challenges like team inefficiencies, data access delays, and tool incompatibilities, and support business decision-making processes. </p>
</li>
</ul>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Data Engineers in a Data Science Team</strong></h2>
<p data-mce-fragment="1">In a Data Science as a Service (DSaaS) team data engineers play a key role in building and managing the infrastructure that supports data science activities. They ensure data pipelines and machine learning models run smoothly and data processing and analysis happens efficiently. By leveraging their expertise DSaaS providers can offer reliable and scalable solutions so companies can manage their data without having to manage infrastructure on premise.</p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Data Science Team</strong></h2>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Roles and Responsibilities: Using DSaaS to Power Your Data Science</strong></h3>
<p data-mce-fragment="1">With data science as a service (DSaaS) you can get the knowledge and skills for your data tasks. </p>
<p data-mce-fragment="1">Here are the main data roles and how DSaaS can support them: </p>
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<p data-mce-fragment="1"><strong data-mce-fragment="1">Data Scientists:</strong> DSaaS companies have in-house data scientists with years of experience who can prepare the data, build models with the latest technology, and design analytic methodologies. These professionals are crucial for defining business goals, working with predictive analytics, and ensuring efficient workflows. </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Data engineers:</strong> The DSaaS infrastructure manages <a href="https://www.lucentinnovation.com/pages/hire-data-engineers"><strong>data engineering</strong></a> operations including pipeline creation and maintenance to get your data ready for analysis.</p>
</li>
</ul>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Building a Strong Data Science Team</strong></h3>
<p data-mce-fragment="1">No more hiring and training headaches! With DSaaS you can connect with a team of professionals who offer: </p>
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<p data-mce-fragment="1"><strong data-mce-fragment="1">Right Mix of Skills:</strong> Access to a larger pool of data science expertise than what you can find internally. </p>
</li>
</ul>
<ul data-mce-fragment="1">
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<p data-mce-fragment="1"><strong data-mce-fragment="1">Scalability:</strong> Easily add or reduce team size and skillset to match the project requirements. </p>
</li>
</ul>
<ul data-mce-fragment="1">
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<p data-mce-fragment="1"><strong data-mce-fragment="1">Cost Effective:</strong> Just pay for what you use and get rid of infrastructure and fixed salaries. </p>
</li>
</ul>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Data Science Platform and Tools</strong></h2>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Tools for Data Scientists</strong></h3>
<p data-mce-fragment="1">Data scientists use a range of tools to do data analysis and machine learning. <strong><a data-mce-fragment="1" href="https://www.lucentinnovation.com/blogs/technology-posts/how-nlp-is-transforming-customer-service-automation-in-revolutionising-retail" data-cke-saved-href="https://www.lucentinnovation.com/blogs/technology-posts/how-nlp-is-transforming-customer-service-automation-in-revolutionising-retail" data-mce-href="https://www.lucentinnovation.com/blogs/technology-posts/how-nlp-is-transforming-customer-service-automation-in-revolutionising-retail">Natural language processing</a></strong> is one of the key techniques used by data scientists. Key languages like Python.R and Julia are the foundation tools for data manipulation and algorithm implementation. These languages are core in Data Science as a Service (DSaaS) environments so service providers can process and analyze data on behalf of the clients. </p>
<p data-mce-fragment="1">Data visualization tools like Tableau and Power BI are also critical in DSaaS environments, data scientists can create visualizations that communicate insights to stakeholders. These tools help present complex data in a clear and understandable way to aid decision making.</p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Advantages of a Data Science Platform</strong></h3>
<p data-mce-fragment="1">For DSaaS providers a data science platform is critical as it is the hub to centralize data science activities. It enables efficiency and productivity by facilitating team collaboration and self-service access to resources and data. One of the key activities facilitated by a data science platform is statistical analysis, which is essential for data interpretation, building models, and predicting trends. Platforms for DSaaS environments give priority to integration with multiple tools including support for open-source technologies like R and Python. The flexibility in tool choice and compatibility with popular version control systems that this integration provides makes data science services offered by DSaaS companies more effective and agile. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Pricing and Engagement Models</strong></h2>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Pricing Models for Data Science Services: Fixed Price, Hourly Rate, Retainer-Based</strong></h3>
<p data-mce-fragment="1">Pricing models for data science services vary including fixed price, hourly rate and retainer based. Choose a pricing model that suits your project requirements and budget. Here’s a breakdown of these models with an additional modern approach: </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Fixed Price:</strong> Suitable for well-defined projects with clear deliverables and timelines. This provides upfront cost certainty but may not be flexible for changing project requirements. </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Hourly Rate: </strong>Good for projects with uncertain scope or ongoing maintenance. But it’s hard to predict the total cost. </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Retainer-Based Model:</strong> Provides dedicated data science resources for a set period at a fixed monthly cost. This is good for ongoing data analysis or for clients with a steady stream of small projects. </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Value-Based Pricing:</strong> A forward-thinking approach where your data science service fee is tied to the business value it generates. This encourages the DSaaS provider to deliver solutions that directly impact your profitability or growth. </p>
</li>
</ul>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Selecting the Right Model</strong></h3>
<p data-mce-fragment="1">Consider this when choosing a pricing model: </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Project Scope &amp; Timelin</strong>e: Fixed price for well-defined projects, hourly rate for ongoing or flexible projects. </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Budget Certainty:</strong> Fixed price provides upfront cost clarity; hourly rate requires ongoing monitoring. </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Risk Tolerance:</strong> Value-based pricing shares some risk with the DSaaS provider, which can lead to higher rewards. </p>
</li>
</ul>
<p data-mce-fragment="1">By knowing these models and your project requirements you can choose the right data science service pricing for your goals and budget. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">How to Succeed?</strong></h2>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Clear Communication: The Key to Data Science Success</strong></h3>
<p data-mce-fragment="1">Project success in Data Science as a Service (DSaaS) relies heavily on communication. It ensures that the project objectives, specifications and expectations are aligned between you and your data science service provider. Having a common understanding from the start helps effective teamwork and minimizes miscommunication throughout the project. </p>
<p data-mce-fragment="1">These tips will help you get the most out of your DSaaS engagement.  </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Define Your Objectives:</strong> Clearly state what you want to achieve from your data science initiative. This ensures everyone is working towards measurable outcomes and sets the stage for focused efforts.  </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Create Ongoing Feedback:</strong> Put in place a process for ongoing evaluation and feedback loops. Regular check-ins allow for changes in response to changing business requirements and data driven insights.  </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Check Provider Track Record:</strong> Choose a data science service provider that has a track record of delivering projects. Look for case studies and client testimonials that prove they can deliver results that meet your standards.  </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">A reliable data science service provider, continuous assessment, clear communication and defined goals are all key to successful DSaaS projects. By using data effectively these methods promote teamwork, maximize project outcomes and create business value. </p>
</li>
</ul>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Conclusion</strong></h2>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Get More with Data Science as a Services Company</strong></h3>
<p data-mce-fragment="1">Businesses can grow and make data driven decisions with data science, a powerful tool. Data science services can help fine-tune marketing campaigns by utilizing AI and advanced analytics. A DSaaS provider can offer scalability, cost savings and skilled people through outsourcing. When choosing a partner consider the right pricing model and specialization, communication and data security. </p>
<p data-mce-fragment="1">Get in touch today for a <strong><a data-mce-fragment="1" href="https://www.lucentinnovation.com/pages/make-an-enquiry" data-cke-saved-href="https://www.lucentinnovation.com/pages/make-an-enquiry" target="_blank" data-mce-href="https://www.lucentinnovation.com/pages/make-an-enquiry">free consultation</a></strong> and see how DSaaS can help your business!</p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">FAQs </strong></h3>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">1.What is DSaaS and how does it help my business? </strong></h4>
<p data-mce-fragment="1">DSaaS (Data Science as a Service) gives you access to experienced data scientists and infrastructure without building an in-house team. This allows you to get insights from your data, make better decisions and grow in a cost-effective way. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">2.Who are the data science team roles involved in a project? </strong></h4>
<p data-mce-fragment="1">Data scientists design the analysis and build the models. Data engineers handle the data and infrastructure. DSaaS providers have the right mix of these skills in one team. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">3.How much does it cost? </strong></h4>
<p data-mce-fragment="1">Pricing models vary depending on your requirements. Fixed prices are good for well-defined projects, hourly rates for ongoing work and retainers for dedicated resources for a set period. Value based pricing ties fees to the business value generated. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">4.What should I look for in a data science as a service provider?</strong></h4>
<p data-mce-fragment="1">Expertise that matches your project, clear communication, robust data security and a pricing model that fits your budget and risk appetite. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">5.I want DSaaS but how do I get started? </strong></h4>
<p data-mce-fragment="1">You can get in touch with a reputable DSaaS provider like Lucent Innovation. </p>

<span class="NormalTextRun SCXW238736252 BCX0" data-mce-fragment="1">Selecting a suitable Data Science as a Service (</span><span class="NormalTextRun SCXW238736252 BCX0" data-mce-fragment="1">DSaaS</span><span class="NormalTextRun SCXW238736252 BCX0" data-mce-fragment="1">) provider is essential for companies looking to efficiently use advanced analytics in today's data-driven environment. This blog examines important factors to take into account when selecting a </span><span class="NormalTextRun SCXW238736252 BCX0" data-mce-fragment="1">DSaaS</span><span class="NormalTextRun SCXW238736252 BCX0" data-mce-fragment="1"> provider to ensure the best results and alignment with your company's objectives</span>

Choosing the Right Provider for Data Science as a Service

<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Introduction </strong></h2>
<p data-mce-fragment="1">There is no industry that has been left behind by the revolution in <u data-mce-fragment="1"><strong data-mce-fragment="1"><a data-cke-saved-href="https://www.lucentinnovation.com/services/big-data-analytics" href="https://www.lucentinnovation.com/services/big-data-analytics" data-mce-fragment="1" data-mce-href="https://www.lucentinnovation.com/services/big-data-analytics" target="_blank">big data analytics</a></strong></u>, even the energy sector. Large volumes of data from many sources can be used by energy firms to improve customer satisfaction, reduce costs, streamline operations, and make better decisions.  </p>
<p data-mce-fragment="1">Here are seven interesting use cases showing how through Big Data Analytics, the Energy Industry is changing. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1"> 1. Proactive Maintenance</strong></h2>
<p data-mce-fragment="1">Among various benefits of big data analytics in <u data-mce-fragment="1"><a data-cke-saved-href="https://www.lucentinnovation.com/pages/energy" href="https://www.lucentinnovation.com/pages/energy" data-mce-fragment="1" data-mce-href="https://www.lucentinnovation.com/pages/energy"><strong data-mce-fragment="1">energy sector</strong></a></u>, predictive maintenance stands out strongly. The traditional maintenance schedules are typically based on either a period or usage leading to unwarranted repairs or unanticipated equipment failures. In this case however, energy firms could make use of sensors’ historical performance along with sensor statistics to determine when such equipment may fail or need servicing. </p>
<p data-mce-fragment="1">This approach reduces equipment downtime while also prolonging their lifespan thereby cutting down on maintenance expenses for example wind turbines equipped with sensors that send real-time data about their operations; hence patterns and anomalies can be seen whereby a date might fail as well as its subsequent timely service before a catastrophic break down. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">2. Optimization of Energy Consumption </strong></h2>
<p data-mce-fragment="1">Energy optimization using Big Data analytics involves analyzing data from smart meters, weather conditions and consumer habits to ensure that it’s used efficiently. </p>
<p data-mce-fragment="1">Numerous industries, particularly the energy sector, have seen improvements since the introduction of big data analytics. Energy firms can optimize operations, save costs, increase satisfaction with clients, and make smarter decisions by using vast amounts of data from many sources.  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">3. Managing Grid Stability </strong></h2>
<p data-mce-fragment="1">Energy providers must maintain a stable and efficient grid system. Big Data analytics determine inefficiencies within various points within the grid, forecast breakdowns and manage electricity distribution in such instances. This enables effective load management as well as uninterrupted power supply. </p>
<p data-mce-fragment="1">One example is during peak demand periods, where utilities use analytics to determine areas with the highest power consumption and make immediate changes so that they can avoid overloading the grid. Another example is when there are disruptions in electrical supply; big data comes in handy as it helps identify the source of a problem within a short time and enables prompt rectification measures to be implemented. <u data-mce-fragment="1"><strong data-mce-fragment="1"><a data-cke-saved-href="https://gridware.com.au/" href="https://gridware.com.au/" data-mce-fragment="1" data-mce-href="https://gridware.com.au/" target="_blank">Gridware</a></strong></u> among other firms is one of those companies that have been in the forefront in developing solutions aimed at improving grid reliability and efficiency using advanced data analysis techniques. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">4. Renewable Energy Integration </strong></h2>
<p data-mce-fragment="1">Due to their unpredictable nature, renewable energy sources like sun and wind face special issues when integrating them into the electricity grid. Predictive analytics, which was made possible by the emergence of big data, can now control these fluctuations by estimating the amount of renewable energy that will be available for each given time and allowing them to coexist peacefully with conventional energy sources.  </p>
<p data-mce-fragment="1">For instance, by analyzing weather data and historical performance, utilities can estimate the amount of solar or wind energy obtained at any period. This helps balance the grid more effectively thereby reducing dependency on fossil fuels hence improving overall sustainability of energy supply system. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">5. Fraud Detection and Security </strong></h2>
<p data-mce-fragment="1">Power pilferage and cyber-attacks are some major concerns for the sector. The application of analytics on Big Data can help identify frauds and improve security measures. Misuse or illegal interference within the energy supply network can be identified quickly by closely looking at consumption patterns and network data. </p>
<p data-mce-fragment="1">For example, an irregular increase in power consumption in a particular area could denote criminal activities going. Such anomalies are flagged by analytics for further investigation thereby reducing losses and keeping the energy distribution system intact. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">6. Enhancing Customer Experience </strong></h2>
<p data-mce-fragment="1">Through prominent use of big data analysis, energy companies can better understand their clients, hence ensuring personalized services. By analyzing data from smart meters, billing systems, customer interactions among others, utility providers may discover trends and inclinations and provide individualized answers that meet needs. </p>
<p data-mce-fragment="1">For instance, high-energy consumers might receive advice on ways to save this resource or be offered incentives to switch to more efficient appliances. In addition, predictive analytics assists utilities in anticipating customer requirements such as increasing support staff at peak times to reduce waiting times and enhance satisfaction levels </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">7. Strategic Planning and Decision Making </strong></h2>
<p data-mce-fragment="1">For energy firms to keep contestable and sustainable, strategic planning is vital. Big Data analytics offers insights that support long-term planning and decision-making. Businesses can develop strategies for future demands and opportunities through analyzing market trends, regulatory changes, and technological advances. </p>
<p data-mce-fragment="1">To illustrate, analytics may assist in identifying the new renewable energy projects’ cost-effective locations or even the emerging markets which have high growth potential for the energy companies. Such a data-focused approach guarantees that companies are making informed choices of investments that maximize their return but enhance their competitive edge. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Conclusion </strong></h2>
<p data-mce-fragment="1">Big Data analytics in energy sector is a powerful tool transforming industry into a smarter industry with greater efficiency (Rebouças et al., 2016). The <a data-cke-saved-href="https://www.lucentinnovation.com/services/big-data-development" href="https://www.lucentinnovation.com/services/big-data-development" data-mce-fragment="1" data-mce-href="https://www.lucentinnovation.com/services/big-data-development"><u data-mce-fragment="1"><strong data-mce-fragment="1">application of Big Data</strong></u></a> includes predictive maintenance, optimization of energy consumption, grid management, and enhanced consumer experience among others. Leverage on big data will therefore be necessary for remaining competitive, sustainable and responsive to changing market needs as the electricity sector continues its transformation path (Rebouças et al., 2016). Therefore, by embracing these technologies the power industry can look forward to a more efficient future that is also reliable and sustainable (Rebouças et al., 2016). </p>
<p data-mce-fragment="1"> </p>
<p data-mce-fragment="1"> </p>

<span data-contrast="auto" lang="EN-US" class="TextRun SCXW2841356 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW2841356 BCX8" data-mce-fragment="1">Explore seven essential ways that big data analytics is revolutionizing energy operations and decision-making, from renewable energy integration to predictive maintenance and grid stability in this blog.</span></span><span class="EOP SCXW2841356 BCX8" data-ccp-props='{"134233117":false,"134233118":false,"201341983":0,"335559738":480,"335559739":120,"335559740":279}' data-mce-fragment="1"> </span>

7 Use Cases of How Big Data Analytics is Making the Energy Industry Smarter.

<span data-contrast="auto" lang="EN-US" class="TextRun SCXW195868911 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW195868911 BCX8" data-mce-fragment="1">Shopify's Summer Update 2024 is finally here, bringing some </span><span class="NormalTextRun SCXW195868911 BCX8" data-mce-fragment="1">special features</span><span class="NormalTextRun SCXW195868911 BCX8" data-mce-fragment="1"> that will elevate your e-commerce game.</span></span><span data-contrast="auto" lang="EN-US" class="TextRun SCXW195868911 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW195868911 BCX8" data-mce-fragment="1"> T</span></span><span data-contrast="auto" lang="EN-US" class="TextRun SCXW195868911 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW195868911 BCX8" data-mce-fragment="1">his update brings more customization options, advanced marketing tools, and powerful AI upgrades to help shops boost sales and streamline operations. In this blog post, we examine the key elements of this upgrade. </span></span><span class="EOP SCXW195868911 BCX8" data-ccp-props='{"201341983":0,"335551550":0,"335551620":0,"335559739":160,"335559740":279}' data-mce-fragment="1"> </span>

10 Top Features of the Shopify Summer Update 2024 You Need to Know!

Nitesh Kasma

<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Introduction </strong></h2>
<p data-mce-fragment="1">IoT or the Internet of Things, is not a new concept. The term was first coined in 1999 by Kevin Ashton. Kevin had proposed a system that used RFID (radio frequency identification chips) to track products through a supply chain.  </p>
<p data-mce-fragment="1">Nowadays, IoT systems comprise many different sensors and devices. Unlike RFID chips, these devices can communicate with each other over the internet and work together to make an entire system function perfectly.  </p>
<p data-mce-fragment="1">The most common example of <u data-mce-fragment="1"><a data-mce-fragment="1" href="https://www.lucentinnovation.com/pages/iot-solutions" data-cke-saved-href="https://www.lucentinnovation.com/pages/iot-solutions" data-mce-href="https://www.lucentinnovation.com/pages/iot-solutions"><strong data-mce-fragment="1">IoT for a smart homes</strong></a></u>. These houses have sensors that automatically turn on/off lights, fans, and air conditioning, depending on the time of day and whether an occupant is present or not.   </p>
<p data-mce-fragment="1">But their uses can encompass much more than that. Today, we are going to look at one specific industry that can benefit from the use of IoT: <a data-mce-fragment="1" href="https://www.lucentinnovation.com/pages/transport-logistics-software-solutions" data-cke-saved-href="https://www.lucentinnovation.com/pages/transport-logistics-software-solutions" data-mce-href="https://www.lucentinnovation.com/pages/transport-logistics-software-solutions"><strong data-mce-fragment="1">The logistics industry</strong></a>.  </p>
<p data-mce-fragment="1">In this article, we will examine the benefits, use cases, and challenges of implementing IoT systems in logistics.  </p>
<h2 data-mce-fragment="1">
<strong data-mce-fragment="1">What Are the Potential Benefits of IoT in the Logistics Industry? </strong> </h2>
<p data-mce-fragment="1">Listed below are some potential benefits of IoT in the logistics industry.  </p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Automation  </strong></h3>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">Logistics is a complex field. A lot of work goes into making a logistic operation successful. In business settings, logistics is defined as the overall process of procuring, storing, and moving resources.   </li>
<li data-mce-fragment="1">While simple in wording, it is a mammoth task that requires careful planning and consideration. There is a lot of human labor involved, and this results in human errors and lower productivity.  </li>
<li data-mce-fragment="1">With IoT implementation, a lot of tasks in the logistics sector can be automated to reduce the factor of human error. There are plenty of tasks that can be automated with IoT, but we will check them out in the use-case section.  </li>
</ul>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Improved Security  </strong></h3>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">With IoT, it is easier to secure storage facilities and vehicles. Any place where products must be stored for a long time is a prime candidate for crime. With IoT, it is possible to have cameras, thermal sensors, noise sensors, and other equipment in tandem to provide better security.    </li>
</ul>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Better Tracking  </strong></h3>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">A common problem in logistics is to keep track of all the goods that are being moved. This is more of a problem for multimillion-dollar companies that must deal with an enormous number of resources.   </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">With IoT, it is entirely possible to track each item in the pipeline, or at the very least track each shipment.   </p>
</li>
</ul>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">What are Some Use Cases of IoT in the Logistics Industry?  </strong></h2>
<p data-mce-fragment="1">We checked out some benefits of IoT. Now, let’s see how IoT can be used in the logistics industry.  </p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Inventory Management  </strong></h3>
<p data-mce-fragment="1"><a data-mce-fragment="1" href="https://www.lucentinnovation.com/services/retail-iot" data-cke-saved-href="https://www.lucentinnovation.com/services/retail-iot" data-mce-href="https://www.lucentinnovation.com/services/retail-iot"><strong data-mce-fragment="1">IoT devices in retail industry</strong></a> can perform several different functions. IoT is just an umbrella term. Any device can be considered an IoT device if:  </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">It typically does not connect to the internet, but its IoT version does (i.e., sensors and actuators)  </li>
<li data-mce-fragment="1">Shares or uses data with/from other devices over the internet that enable it/them to work better  </li>
</ul>
<p data-mce-fragment="1">Sensors like RFID (Radio Frequency Identification), NFC (near field communication), and even QR and barcode scanners are frequently used for inventory management.  </p>
<p data-mce-fragment="1">The IoT version of these devices helps track stock automatically. For example, there are RFID scanners at building warehouse entrances that automatically add or deduct items from the inventory when the relevant ID is scanned.  </p>
<p data-mce-fragment="1">QR codes work similarly. They are used when more elaborate actions need to be taken once an item is moved into or out of the inventory, such as sending an update message to a recipient. A device to <strong data-mce-fragment="1"><a data-mce-fragment="1" href="https://qrscanner.net/" data-cke-saved-href="https://qrscanner.net/" target="_blank" data-mce-href="https://qrscanner.net/">scan a QR code</a></strong> is used to check in or check out the items out of storage, and the required action is automatically taken.  </p>
<p data-mce-fragment="1">The system can be configured to order more of something if its stock falls below a certain threshold.  </p>
<p data-mce-fragment="1">In logistics, such a system can be used to verify if there are enough items in a warehouse. This can be used to check if any items have been delayed or lost.  </p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Cargo Condition Monitoring</strong></h3>
<p data-mce-fragment="1">Logistics involve a lot of cargo transit, and part of that includes storage between transfers. Contrary to what many assume, cargo storage is anything but simple. Many types of products and resources cannot be stored under normal conditions.   </p>
<p data-mce-fragment="1">Food and medicine typically need to be kept in cooler temperatures, while electronics need to be kept in dry, magnetically insulated environments. There are many other examples of specific storage requirements.  </p>
<p data-mce-fragment="1">With IoT devices, it becomes a trivial task to monitor the storage conditions. Sensors that can check for humidity, temperature, light, and even smoke can be used in tandem to monitor storage conditions.   </p>
<p data-mce-fragment="1">If any of the values deviate from the norm, then the system can either adjust for it or simply raise an alarm.  </p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Fleet Monitoring and Tracking  </strong></h3>
<p data-mce-fragment="1">One of the most anxiety-inducing things in logistics is keeping track of the fleet. Fleet here refers to the regiment of cargo trucks, planes, and ships that carry cargo from one place to another.   </p>
<p data-mce-fragment="1">During transit, there are very limited ways of tracking which vehicle is where and what it is carrying. With IoT devices, it is possible to track both the vehicle and its cargo/inventory in real-time.  </p>
<p data-mce-fragment="1">An IoT GPS tracker can track the vehicle, and the information can be used for <strong data-mce-fragment="1"><a data-mce-fragment="1" href="https://trackmypackage.net/" data-cke-saved-href="https://trackmypackage.net/" target="_blank" data-mce-href="https://trackmypackage.net/">package tracking</a></strong>. The tracking information can be displayed on a website or application so that the people at the destination know where the shipment is.  </p>
<p data-mce-fragment="1">In this way, the cargo fleet can be easily monitored using IoT devices and systems.  </p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Smart Scheduling  </strong></h3>
<p data-mce-fragment="1">Scheduling is always a concern in logistics. After all, warehouses only have so much capacity. They can’t hold goods indefinitely. So, it is paramount to schedule both the arrival and delivery of goods in advance.  </p>
<p data-mce-fragment="1">If scheduling is not done well, it can result in cargo vehicles getting stuck at warehouses due to their inability to unload. The opposite situation, where trucks are just waiting for goods that haven’t arrived yet can also occur.  </p>
<p data-mce-fragment="1">This can result in massive delays in the supply chain and disrupt the market. With an IoT system, it is possible to deal with these issues through smart scheduling.   </p>
<p data-mce-fragment="1">We have previously covered whether it is possible to track shipments in real-time. So, using that information, a smart scheduler can delay or speed up other tasks. For example, let’s say a warehouse is slower in processing the cargo and cannot offload it quickly. Instead of having trucks wait for the process to finish, they can be scheduled to do other tasks like:  </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">Doing deliveries,  </li>
<li data-mce-fragment="1">Getting their maintenance done</li>
<li data-mce-fragment="1">Helping other warehouses/depots in their region of operations  </li>
</ul>
<p data-mce-fragment="1">Of course, much more could be done with such a system, but that would also increase the complexity of its implementation. The possibility is there, though, should one decide to avail of it.  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Challenges of IoT in Logistics  </strong></h2>
<p data-mce-fragment="1">As useful as IoT appears to be, there are a lot of challenges associated with the proper <a data-mce-fragment="1" href="http://www.lucentinnovation.com/services/industrial-iot-iiot" data-cke-saved-href="http://www.lucentinnovation.com/services/industrial-iot-iiot" data-mce-href="http://www.lucentinnovation.com/services/industrial-iot-iiot"><strong data-mce-fragment="1">implementation of complex IoT systems</strong></a>. Let’s look at some things that make it difficult to set up IoT systems in the logistics industry.  </p>
<h3 data-mce-fragment="1">
<strong data-mce-fragment="1">Scalability</strong>  </h3>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">The logistics industry, by default, is quite large. It requires setups in different cities and states, including warehouses, depots, vehicles, and vehicle bays.   </li>
<li data-mce-fragment="1">Implementing an IoT system that can monitor, track, and smartly schedule all aspects of such a widespread setup is a gargantuan task.   </li>
<li data-mce-fragment="1">Let’s assume you succeeded in setting it up when your setup was smaller. You will still have more problems when you try to scale up the IoT system along with your logistics operations.   </li>
<li data-mce-fragment="1">Because of the higher complexity, you will need a bigger and more powerful network infrastructure, with powerful servers, to deal with all the data provided by the IoT devices. This just adds more work and requires bringing in experts as well.  </li>
</ul>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Security Concerns  </strong></h3>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">IoT devices are typically just sensors that have been fitted with some small computational devices that allow them to send their collected data to a server.  </li>
<li data-mce-fragment="1">Owing to their small size, they are woefully inadequate in memory, RAM, and processing power. This makes it extremely challenging to provide a software security solution that resides on an IoT device.  </li>
<li data-mce-fragment="1">As a result, IoT devices are a favorite attack vector for hackers.  One of the most famous examples of this is the <strong data-mce-fragment="1"><a data-mce-fragment="1" href="https://www.cloudflare.com/learning/ddos/glossary/mirai-botnet/" data-cke-saved-href="https://www.cloudflare.com/learning/ddos/glossary/mirai-botnet/" target="_blank" data-mce-href="https://www.cloudflare.com/learning/ddos/glossary/mirai-botnet/">Mirai botnet</a></strong>, which used many compromised IoT devices to launch DDOS attacks.   </li>
<li data-mce-fragment="1">As if that was not enough, IoT devices also lack hardware security features. If somebody can physically access an IoT device, they can compromise it and use it as an attack vector.  </li>
<li data-mce-fragment="1">While work is being done on these aspects of IoT, it remains a considerable risk, and logistics companies should assess whether they are willing to take on such a risk.  </li>
</ul>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Associated Costs  </strong></h3>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">The costs of installing, maintaining, and scaling an IoT system can be astronomical. The cost of the equipment itself is high, especially when you consider how many sensors you will need to buy. However, the cost of experts who will set up the system for you is also high because they are technical people doing skilled labor.  </li>
<li data-mce-fragment="1">Another thing that adds just more costs to everything is that you need to set up some network infrastructure. This includes your servers, relays, switches, and all the wires/cabling and wireless antennas that are required for network connection.  </li>
<li data-mce-fragment="1">That is another big expense. So, before you start implementing an IoT system, make sure to get a quote on how much it is going to cost you.  </li>
</ul>
<h2 data-mce-fragment="1">
<strong data-mce-fragment="1">Conclusion</strong>  </h2>
<p data-mce-fragment="1">IoT has a lot of benefits and use cases in the logistics industry. If applied properly, it can reduce delays, improve tracking, enhance cargo safety, and do many more things. However, it also comes with a set of issues, such as associated costs, security risks, and difficulty in scaling.   </p>
<p data-mce-fragment="1">As technology progresses, the challenges will naturally be addressed, and IoT will become common in different industries.    </p>
<p data-mce-fragment="1">Also, read: <a href="https://www.lucentinnovation.com/blogs/case-studies/applying-ai-to-automate-quality-inspection-in-manufacturing"><strong>Case Study on Applying AI to Automate Quality Inspection in Manufacturing</strong></a></p>

<p data-mce-fragment="1"><span data-contrast="none" data-mce-fragment="1">Learn how the Internet of Things (IoT) can revolutionize the logistics industry! The possible advantages of IoT are explained in this blog completely, from better automation and security to better tracking and intelligent scheduling. We address important issues including scalability, security problems, and implementation costs while looking into real-world use cases.</span><span data-ccp-props='{"201341983":0,"335551550":0,"335551620":0,"335559739":160,"335559740":279}' data-mce-fragment="1"> </span></p>

The IoT-Powered Logistics Industry: Advantages, Applications, and Challenges

<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Introduction<br data-mce-fragment="1"></strong></h2>
<p data-mce-fragment="1">Do you have experience with Shopify and want to use your expertise to make a profit? The Shopify Partner Program provides a fantastic way to achieve that. By signing up as a Shopify Partner, you can both benefit from and introduce others to the platform. Through the program, you may profit from your knowledge by providing competent partners with training, certification, development stores, and collaborator accounts.  </p>
<p data-mce-fragment="1">We'll discuss the Shopify Partner Program in this post and provide you with instructions on how to take part actively.  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">What is the Shopify Partner Program? </strong></h2>
<p data-mce-fragment="1">Developers, designers, marketers, and associates who want to sell products and profit the Shopify platform can join the <strong><a href="https://www.lucentinnovation.com/blogs/it-insights/a-complete-guide-on-shopify-partners" data-mce-href="https://www.lucentinnovation.com/blogs/it-insights/a-complete-guide-on-shopify-partners">Shopify Partner Program</a></strong>. As a partner, you can make money by assisting others in setting up eCommerce sites, developing Shopify themes and apps, or providing customer assistance to companies that use Shopify. </p>
<p data-mce-fragment="1">Although it's simple to become a partner, the program also includes yearly performance reviews. The amount you earn will be determined by your position, and you'll get the help and training you need to do your best work. The following are roles that you could take on:  </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Build or Migrate Stores: </strong>Help Shopify members create new stores or migrate existing ones to the Shopify platform. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Solve Merchant Problems: </strong>Assist Shopify merchants with issues and inquiries. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Create Apps:</strong> Design and develop commercial apps for the Shopify App Store. </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong data-mce-fragment="1">Become an Affiliate:</strong> Introduce potential members to Shopify and earn 'Bounty Payments' for referrals. </p>
</li>
</ul>
<p data-mce-fragment="1">As a partner, you'll have access to the Shopify Partner Dashboard, which tracks all your revenue and provides insights into revenue-generating items like apps and themes. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">The Difference Between Shopify and Shopify Partners </strong></h2>
<p data-mce-fragment="1">Like the distinction between a tour and a tour guide, Shopify and Shopify Partners differ from one another. With the help of Shopify partners or independently, merchants can establish stores on the Shopify platform. Professionals who use Shopify to generate revenue are known as Shopify partners. They help retailers create apps and themes, set up businesses, and make money through affiliate links.  <br data-mce-fragment="1"> <br data-mce-fragment="1">Partners could receive invitations to join the Shopify Experts Marketplace if they perform well and develop a sizable clientele. As an alternative, you can get an invitation to this private marketplace by contacting Shopify.</p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">How to Become a Shopify Partner </strong></h2>
<p data-mce-fragment="1">After learning about the advantages of the Shopify Partner Program, here are a few steps you need to know for becoming a member. Here's how you become a Shopify Partner in 2024, step-by-step:  </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">1. Register for the Program</strong></p>
<div style="text-align: center;"><img alt="Register for Shopify Development Program" src="https://cdn.shopify.com/s/files/1/1905/9639/files/65a9105169bce404ba7a4adf_shopify-partners-program_1024x1024.jpg?v=1719324463" style="float: none;"></div>
<p data-mce-fragment="1">Go to the <strong><a href="https://www.shopify.com/partners" data-cke-saved-href="https://www.shopify.com/partners" data-mce-fragment="1" target="_blank" data-mce-href="https://www.shopify.com/partners">Shopify Partner Program</a></strong> page to learn how to become a Partner. The 'Join Now' button has an email form next to it. Fill out the form with your email address, then click "Join Program." Become a Shopify Partner. Click 'Create Shopify ID' after you have verified your password, then watch for your email to be verified.  </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">2. Enter the required information.</strong></p>
<p data-mce-fragment="1"><strong data-mce-fragment="1"></strong>It's important that you accurately fill out the form. Give thorough details and fill out all fields that need to be filled out. After making your selection in the Business Goals section, pick the biggest e-commerce platforms that are pertinent to your company. This aids Shopify in customizing resources and tools to meet your needs.</p>
<p data-mce-fragment="1">Check the box at the bottom of the page to indicate that you have read and agree to the Partner Program Agreement. To continue, click the 'View Your Dashboard' option.</p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">3. Confirm Your Email Address  <br data-mce-fragment="1"></strong>For the verification process, use a working email address. An email including a verification link will be sent to you when you create your Shopify ID. Use this link as soon as possible since it expires in 24 hours.</p>
<p data-mce-fragment="1">Check the Address You Provided Using Email After clicking the verification link, select "Confirm Email." This will take you to the Shopify accounts page. Click "Create New Partner Account" after selecting "Shopify Partners."</p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">4. Start the Program </strong></p>
<p data-mce-fragment="1">You can apply for available programs under the 'Get Started' area of the Shopify Partner dashboard. Click "Apply Now" after choosing the program that most closely matches your skill set. Fill out the brief form with your reasons for wanting to participate in the program. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Conclusion </strong></h2>
<p data-mce-fragment="1">The time is perfect to become a Shopify Partner because of the business's continued growth. Should you have relevant abilities and a firm grasp of this widely used platform, the Shopify Partner Program is a fantastic chance for you to generate additional revenue and grow your freelance organization. Additionally, you'll get to work with and gain knowledge from world-class professionals while improving your own professional development.</p>
<p data-mce-fragment="1">Grab this chance to grow your talents and become a part of a global network of Shopify specialists. With the Shopify Partner Program, you can begin your adventure right now and discover new opportunities!  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">FAQs </strong></h2>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">1. What is the Shopify Partner Program? </strong></h4>
<p data-mce-fragment="1">Developers, designers, advertisers, and colleagues can use the Shopify Partner Program as a platform to market and boost Shopify. Developing applications and themes, building eCommerce stores, and helping Shopify companies are all ways that partners can make money.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">2. How can I join the Shopify Partner Program? </strong></h4>
<p data-mce-fragment="1"><strong data-mce-fragment="1"></strong>Visit the Shopify Partner Program page, fill out the registration form, and input your email address to get started. Once your email has been verified, proceed to fill out the necessary fields, accept the agreements, and use the Shopify Partner Dashboard to apply for open programs.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">3. What roles can I perform as a Shopify Partner? </strong></h4>
<p data-mce-fragment="1">You can develop or move businesses, fix issues for merchants, make apps, or sign up as an affiliate to bring new users to Shopify and get paid for referrals as a Shopify Partner.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">4. What are the benefits of becoming a Shopify Partner? </strong></h4>
<p data-mce-fragment="1">Access to development stores, collaborator accounts, training materials, and the Shopify Partner Dashboard are among the advantages. Along with these benefits, you may work with other professionals in the Shopify community, develop your talents, and make money.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">5. How is performance evaluated in the Shopify Partner Program? </strong></h4>
<p data-mce-fragment="1">Every year, partnerships are evaluated to assess their success. Your job, and your ability to help Shopify shops and reach program targets will determine how much money you make and how long you may stay involved.  </p>
<p data-mce-fragment="1">Also read,<a href="lucentinnovation.com/blogs/it-insights/guide-on-how-to-hire-shopify-developers" data-mce-href="lucentinnovation.com/blogs/it-insights/guide-on-how-to-hire-shopify-developers"> </a><a href="https://www.lucentinnovation.com/blogs/it-insights/guide-on-how-to-hire-shopify-developers"><strong>How to Hire the Best Shopify Developer 2024?</strong></a></p>

<span data-contrast="auto" lang="EN-US" class="TextRun SCXW241445159 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW241445159 BCX8" data-mce-fragment="1">Find out how to use your skills for financial advantage in 2024 by becoming a Shopify Partner. Everything you need to know to join the Shopify Partner </span><span class="NormalTextRun SCXW241445159 BCX8" data-mce-fragment="1">Program</span><span class="NormalTextRun SCXW241445159 BCX8" data-mce-fragment="1"> is covered in our blog, including how to register, what </span><span class="NormalTextRun SCXW241445159 BCX8" data-mce-fragment="1">perks</span><span class="NormalTextRun SCXW241445159 BCX8" data-mce-fragment="1"> are available, and what roles you may play to generate income and expand your company. </span></span><span class="EOP SCXW241445159 BCX8" data-ccp-props='{"201341983":0,"335559739":160,"335559740":279}' data-mce-fragment="1"> </span>

Complete Guide on how to become a Shopify Partner in 2024

Large Language Models (LLMs) vs Generative AI: An In-Depth Comparison

Discovering the Potential of Extensive Large Language Models (LLMs)

Ashish Kasama

<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Introduction</strong></h2>
<p data-mce-fragment="1">Shopify has become a game changer in the e-commerce industry, transforming how businesses approach online sales. Shopify was launched in 2006 to help individuals and small businesses sell their products online.     </p>
<p data-mce-fragment="1">Shopify's global presence and diverse user base prove its appeal to a wide spectrum of merchants, from small stores to huge brands in several countries.   </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong><a href="https://auq.io/blog/shopify-statistics/" target="_blank">Statistics</a></strong> show an increase from 41,000 in 2012 to 4,806,000 users by 2024.   </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">There are 175 nations with Shopify businesses, and the average revenue per shopper is $90.   </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Shopify is used by 1.75 million merchants, representing 28% of all online businesses in the United States.   </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">In 2023, eCommerce websites will hold a 16.36% market share, with a major foothold in the online retail sector.  </p>
</li>
</ul>
<p data-mce-fragment="1">Shopify effectively can be difficult owing to its complexity and the need for customization to fit individual business requirements. While the platform has numerous features, maximizing its use necessitates a thorough understanding of its functionality, integration capabilities, and restrictions. Users without technical knowledge may find it difficult to customize themes, integrate apps, and optimize performance. <strong><a href="https://www.lucentinnovation.com/pages/shopify-experts">Shopify developers</a></strong> play an important part in this process. They contribute specialized knowledge to tailor the platform to specific business needs, enable seamless integrations, improve user experience, and keep the site running smoothly. Their knowledge helps organizations to understand Shopify's potential, driving growth and efficiency completely. However, the talent pool is alive, with options ranging from freelance to experts' offshore companies. So, how do you find qualified Shopify developers? That is where this blog will help you.  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Why Hire a Dedicated Shopify Developer?</strong></h2>
<div style="text-align: center;"><img src="https://cdn.shopify.com/s/files/1/1905/9639/files/Frame76556_1024x1024.png?v=1719226982" alt="Reasons to hire Shopify Developers" style="float: none;"></div>
<p data-mce-fragment="1"><strong data-mce-fragment="1">1. Customization </strong></p>
<p data-mce-fragment="1">A <a href="https://www.lucentinnovation.com/pages/hire-shopify-developers"><strong>dedicated Shopify developer</strong></a> can create custom features tailored to the business's requirements, distinguishing you from competitors. This customization ensures that your store not only stands apart but also performs in a way that improves user experience and engagement.  </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">2. Technical expertise   </strong></p>
<p data-mce-fragment="1">Shopify developers have the technical skills to optimize your store's loading speed, ensuring that your customers have a smooth and fast shopping experience. They also use robust security measures to protect your data and increase mobile responsiveness, ensuring that your store displays and runs correctly on all devices.   </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">3. Cost-Effectiveness   </strong></p>
<p data-mce-fragment="1"><a href="https://www.lucentinnovation.com/pages/shopify-plus-partner"><strong>Hiring Shopify development partners</strong></a> can help you save revenue in the long term by preventing expensive mistakes and inefficiencies. Depending on your target audience and budget, you might find developers who provide flexible pricing models that match your needs. </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">4. Ongoing Support  </strong></p>
<p data-mce-fragment="1">A dedicated Shopify developer provides ongoing assistance, ensuring that your store runs smoothly through frequent upgrades and issue fixes. This continual maintenance helps to avoid downtime and keeps your store functioning smoothly, enabling you to focus on building your business. </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Shopify Developer Requirements  </strong></h2>
<p data-mce-fragment="1"><strong>1. Technical Skills:  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">Proficiency in HTML, CSS, <strong><a href="https://www.geeksforgeeks.org/javascript/" target="_blank">JavaScript,</a></strong> and Liquid.  </li>
</ul>
<p data-mce-fragment="1"><strong>2. Experience:  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Anticipating and resolving frequent e-commerce challenges.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Keeping up with the latest Shopify updates.  </p>
</li>
</ul>
<p data-mce-fragment="1"><strong>3. Portfolio:  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Evaluating previous projects for relevancy and user experience.  </p>
</li>
</ul>
<p data-mce-fragment="1"><strong>4. Communication Skills:  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Active listening and effective communication.</p>
</li>
</ul>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Where to Find Shopify Developers?  </strong></h2>
<p data-mce-fragment="1"><strong data-mce-fragment="1">1. Dedicated Offshore Agencies  </strong></p>
<p data-mce-fragment="1">These agencies like Lucent Innovation have multiple teams with knowledge in coding, design, and marketing to provide a full solution for your Shopify requirements.  </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">2. Shopify Expert Directory  </strong></p>
<p data-mce-fragment="1">This directory includes a handpicked selection of developers who have gone through a vetting process and client reviews to assure quality and consistency. </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">3. Freelance Platforms  </strong></p>
<p data-mce-fragment="1">Platforms like Upwork and Fiverr allow you to select applicants based on their skills, experience, and location, and reviews and ratings from previous clients can help you make a well-informed choice. </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">4. Networking </strong></p>
<p data-mce-fragment="1"> Attending e-commerce events, seminars, and online forums will help you connect with qualified developers and learn about their skills and reputation.</p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Steps to Hire a Shopify Developer from an experienced company  </strong></h2>
<p data-mce-fragment="1">Hiring a Shopify developer from a reputable business assures you competent workers with an established track record. Follow these steps to make an informed decision and hire the finest candidates for your project. </p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">Step 1: Define your business needs.  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Set specific objectives for your online store.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Determine the necessary functionalities, such as subscriptions or multi-vendor markets.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Determine the technology stack and the required integrations. </p>
</li>
</ul>
<p data-mce-fragment="1"><strong data-mce-fragment="1">Step 2: Research Trusted Agencies.  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Look out for agencies with a good industry reputation and favorable consumer feedback.    </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Check their portfolios to see if they have worked on projects like yours.    </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Assess their capabilities in Shopify development, design, and integration. </p>
</li>
</ul>
<p data-mce-fragment="1"><strong data-mce-fragment="1">Step 3: Contact agencies and request proposals.  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Contact the shortlisted agencies and provide a thorough description of your project requirements.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Request offers that describe their approach, schedule, and cost projections.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Evaluate their responsiveness and willingness to understand your company's needs.  </p>
</li>
</ul>
<p data-mce-fragment="1"><strong data-mce-fragment="1"> Step 4: Evaluate proposals and portfolios.  <br data-mce-fragment="1"></strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Compare ideas based on their knowledge of your project, potential solutions, and pricing.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Evaluate the agency's portfolio for website load times, mobile responsiveness, and user experience.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Look for unique features and industry-specific experience in previous projects.  </p>
</li>
</ul>
<p data-mce-fragment="1"><strong data-mce-fragment="1">Step 5: Conduct interviews.   </strong></p>
<p data-mce-fragment="1"><strong data-mce-fragment="1">Step 6: Check the references and reviews. </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Contact former clients to get feedback on the agency's dependability, work quality, and customer service.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Read internet reviews and testimonials to determine overall customer satisfaction.  </p>
</li>
</ul>
<p data-mce-fragment="1"><strong data-mce-fragment="1">Step 7: Negotiate Terms and Sign the Contract.  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Clearly define the scope of work, deliverables, timelines, and payment arrangements.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Include clauses for revisions, scope changes, and fines for delays.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Make sure the contract includes a non-disclosure agreement (NDA) to protect your company's information.   </p>
</li>
</ul>
<p data-mce-fragment="1"> <strong data-mce-fragment="1">Step 8: Start the Project. </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Provide the agency with access to your Shopify account and any essential tools.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">To facilitate cooperation, consider using <strong><a href="https://www.lucentinnovation.com/blogs/it-insights/what-is-project-managemen">project management</a></strong> systems such as Asana or Jira.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Schedule a kick-off meeting to go over the project roadmap, milestones, and tasks. </p>
</li>
</ul>
<p data-mce-fragment="1"><strong data-mce-fragment="1">Step 9: Monitor Progress and Conduct Reviews.  </strong></p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Set up regular check-ins to discuss updates, challenges, and progress.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1">Apply project management tools to keep track of milestones and deliverables.  </p>
</li>
</ul>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1">Consider doing periodic code assessments to guarantee quality and conformance to standards.</p>
</li>
</ul>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Post-Launch Success: Your Ongoing Partnership  </strong></h2>
<p data-mce-fragment="1">Your Shopify store's launch is only the beginning. Hire Dedicated Shopify developers to provide:  </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong>Updates and Security:</strong> Regular updates keep your features current and your store secure.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong>Data-Driven Growth:</strong> Analyse important metrics to optimize your store for increased sales.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong>Customer Focus:</strong> To keep consumers satisfied, monitor feedback, and resolve issues.  </p>
</li>
<li data-mce-fragment="1">
<p data-mce-fragment="1"><strong>Peace of mind</strong>: Receive emergency assistance during high-traffic hours.  </p>
</li>
</ul>
<h2 data-mce-fragment="1"> <strong data-mce-fragment="1">Conclusion: Shopify's Success Begins Here.  </strong>
</h2>
<p data-mce-fragment="1">Shopify is powerful, but we need experienced guidance to reach its full potential. Lucent Innovation creates customized stores, optimizes performance, and offers ongoing support. We are a collaborator in e-commerce success.   </p>
<p data-mce-fragment="1">Are you ready to take your store to the next level?  </p>
<p data-mce-fragment="1">Contact <strong><a href="https://www.lucentinnovation.com/pages/make-an-enquiry">Lucent Innovation</a></strong> to schedule a free consultation. Let us make your Shopify ideas a reality.  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">FAQs  </strong></h2>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">1. Why hire a dedicated Shopify developer?   </strong></h4>
<p data-mce-fragment="1">Stand out with customized features, improve performance and security, and receive ongoing support with the help of Shopify development partners.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">2. What skills do they need?   </strong></h4>
<p data-mce-fragment="1">Proficiency in HTML, CSS, JavaScript, and Shopify's Liquid language.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">3. Where can I find them?   </strong></h4>
<p data-mce-fragment="1">Look into dedicated agencies, the Shopify Experts Directory, freelance platforms, and networking.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">4. What is the process?   </strong></h4>
<p data-mce-fragment="1">Define your requirements, create a budget, interview candidates, and establish specific project terms.  </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">5. What support do I receive after the launch?  </strong></h4>
<p data-mce-fragment="1">Shopify Development partners help you maintain upgrades and security, track KPIs, respond to customer comments, and ensure emergency support. </p>
<p data-mce-fragment="1">Also read, <strong><a href="lucentinnovation.com/blogs/technology-posts/shopify-vs-shopify-plus">Shopify vs. Shopify Plus: Powering or Preparing for Millions?</a></strong></p>

<span data-contrast="none" lang="EN-US" class="TextRun SCXW196334976 BCX8" data-mce-fragment="1" xml:lang="EN-US"><span class="NormalTextRun SCXW196334976 BCX8" data-mce-fragment="1">his guide explains the most essential factors when hiring a Shopify developer. From the required skills to the hiring procedure, we will help you </span><span class="NormalTextRun SCXW196334976 BCX8" data-mce-fragment="1">locate</span><span class="NormalTextRun SCXW196334976 BCX8" data-mce-fragment="1"> the right partner to turn your concept into a profitable e-commerce business</span><span class="NormalTextRun SCXW196334976 BCX8" data-mce-fragment="1">.  </span></span><span class="EOP SCXW196334976 BCX8" data-ccp-props='{"134233117":false,"134233118":false,"201341983":0,"335559738":0,"335559739":0,"335559740":279}' data-mce-fragment="1"> </span>

A Complete Guide to Hire the Best Shopify Developer 2024

<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Introduction </strong></h2>
<p data-mce-fragment="1">In the age of <a href="https://www.lucentinnovation.com/services/big-data-consulting"><span style="text-decoration: underline;"><strong>big data</strong></span></a>, data warehouses continue to be a vital backbone for businesses, storing and analyzing past data to drive intelligence. The industry is expanding, with a forecast CAGR of almost 12% and a size of <strong data-mce-fragment="1"><a data-cke-saved-href="https://www.mordorintelligence.com/industry-reports/global-active-data-warehousing-market-industry" href="https://www.mordorintelligence.com/industry-reports/global-active-data-warehousing-market-industry" data-mce-href="https://www.mordorintelligence.com/industry-reports/global-active-data-warehousing-market-industry" target="_blank" data-mce-fragment="1">$7.69</a></strong> billion by 2028. This growth is being driven by advances such as autonomous data warehouses, which promise better efficiency and smarter analytics. However, the cornerstone of success is a well-defined <a href="https://www.lucentinnovation.com/services/modern-data-architecture-consulting"><strong>data warehouse architecture</strong></a> that is tailored to an organization's specific requirements. Understanding these details is essential for business leaders and data enthusiasts alike. Staying on top of industry developments, such as cloud domination and AI integration, helps you to gain useful insights and a competitive advantage. </p>
<p data-mce-fragment="1"> </p>
<div style="text-align: center;"><img style="float: none;" alt="Data Warehousing Marketsize 2024-2029" src="https://cdn.shopify.com/s/files/1/1905/9639/files/Data_Warehousing_Market_2024-2029_1024x1024.png?v=1718702783"></div>
<p style="text-align: center;" data-mce-fragment="1"><a data-cke-saved-href="https://www.mordorintelligence.com/industry-reports/global-active-data-warehousing-market-industry" href="https://www.mordorintelligence.com/industry-reports/global-active-data-warehousing-market-industry" data-mce-href="https://www.mordorintelligence.com/industry-reports/global-active-data-warehousing-market-industry" data-mce-fragment="1"><strong data-mce-fragment="1">Source</strong></a></p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Key Steps in Data Warehouse Implementation </strong></h2>
<div style="text-align: center;"><img style="float: none;" alt="Illustration of key steps in data warehouse implementation" src="https://cdn.shopify.com/s/files/1/1905/9639/files/Illustration_of_key_steps_in_data_warehouse_implementation_1024x1024.png?v=1718702905"></div>
<p data-mce-fragment="1">Setting out to establish a data warehouse requires a methodical and careful approach. From the beginning to the end of the design, meticulous attention to detail is required. Leveraging <strong data-mce-fragment="1"><a data-cke-saved-href="https://www.lucentinnovation.com/services/data-warehouse" href="https://www.lucentinnovation.com/services/data-warehouse" data-mce-href="https://www.lucentinnovation.com/services/data-warehouse" target="_blank" data-mce-fragment="1">data warehouse cloud services</a></strong> can make the deployment process easier by providing managed solutions. The stages include: </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">Determining what the business requires  </li>
<li data-mce-fragment="1">Building the framework of the storehouse  </li>
<li data-mce-fragment="1">Selecting appropriate technology.  </li>
<li data-mce-fragment="1">Transferring data into position.  </li>
<li data-mce-fragment="1">Thoroughly examine the system for any faults.  </li>
</ul>
<p data-mce-fragment="1">Exploring these critical stages is critical to laying a solid foundation for your future data analytics efforts.  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Defining Business Requirements </strong></h2>
<p data-mce-fragment="1">To effectively implement a data warehouse, one must first understand the business objectives it is designed to address. It is essential to interact with stakeholders and identify the specific concerns that the data warehouse will address.  </p>
<p data-mce-fragment="1">Enterprise data warehouse services can help satisfy specific business demands by delivering specialized solutions that maintain data consistency and valuable insights, especially in industries like healthcare and finance.  </p>
<p data-mce-fragment="1">By using an agile, iterative methodology that incorporates stakeholder input at every stage, you can ensure that your '<span style="text-decoration: underline;"><a href="https://www.lucentinnovation.com/blogs/it-insights/data-warehouse-as-a-service-dwaas"><strong>data warehouse as a service</strong></a></span>' advances in accordance with business requirements. This strategy reduces hazards and improves the value of stored data.  </p>
<h3 data-mce-fragment="1">
<strong data-mce-fragment="1">Data Warehouse Design</strong> </h3>
<p data-mce-fragment="1">Crafting the blueprint for a data warehouse requires careful focus and deep knowledge of what the end users require, like building a structure. It is essential that the data warehouse design facilitates sophisticated data gathering and analysis while also being able to expand and evolve to meet future needs. A well-planned data warehouse design is critical for meeting future scalability and <u data-mce-fragment="1"><a data-cke-saved-href="https://www.lucentinnovation.com/services/data-management" href="https://www.lucentinnovation.com/services/data-management" data-mce-href="https://www.lucentinnovation.com/services/data-management" data-mce-fragment="1"><strong data-mce-fragment="1">data management requirements</strong></a></u>.  </p>
<p data-mce-fragment="1">As new varieties of data sources continue to emerge, choosing whether to employ <strong data-mce-fragment="1"><a data-cke-saved-href="https://www.datacamp.com/blog/a-list-of-the-16-best-etl-tools-and-why-to-choose-them" href="https://www.datacamp.com/blog/a-list-of-the-16-best-etl-tools-and-why-to-choose-them" data-mce-href="https://www.datacamp.com/blog/a-list-of-the-16-best-etl-tools-and-why-to-choose-them" target="_blank" data-mce-fragment="1">ETL</a></strong> (Extract, Transform, Load) or ELT (Extract, Load, Transform) methods becomes an integral consideration in shaping how well-equipped the warehouse will be in managing various types of data. </p>
<h3 data-mce-fragment="1">
<strong data-mce-fragment="1">Selecting the Right Tools and Technologies</strong> </h3>
<p data-mce-fragment="1">Choosing the right tools and technologies for your data warehouse from an array of options might be difficult. Cost, scalability, and maintenance requirements are important considerations when deciding whether to use traditional warehousing on cloud infrastructure or a managed Data Warehouse as a Service (DWaaS) model. Choosing a cloud data warehouse can provide major benefits such as cost savings, scalability, and managed services; nevertheless, deployment problems and expanding usage patterns must be carefully considered.  </p>
<p data-mce-fragment="1">Leading DWaaS solutions from key industry leaders such as Amazon, Google, Microsoft, and Oracle have been customized to fit a variety of business requirements with customizable options.  </p>
<h3 data-mce-fragment="1">
<strong data-mce-fragment="1">Data Integration and Migration</strong> </h3>
<p data-mce-fragment="1">A data warehouse leverages its power by consolidating data from multiple sources. It eliminates isolated information silos, offering a comprehensive view of company operations. It transforms disparate and disconnected data sets into a cohesive framework ready for in-depth analysis. Data warehouses collect data from several sources and provide a single perspective that is required for full analysis.  </p>
<p data-mce-fragment="1">Policies such as <strong data-mce-fragment="1"><a data-cke-saved-href="https://www.geeksforgeeks.org/change-data-capture-cdc/" href="https://www.geeksforgeeks.org/change-data-capture-cdc/" data-mce-href="https://www.geeksforgeeks.org/change-data-capture-cdc/" target="_blank" data-mce-fragment="1">Change Data Capture</a></strong> (CDC) are essential for ensuring that the warehouse's stored data is current and precise. These techniques offer real-time data capture, which is essential in ensuring the integrity and relevance of information stored in a data warehouse.  </p>
<h3 data-mce-fragment="1">
<strong data-mce-fragment="1">Testing and Validation</strong> </h3>
<p data-mce-fragment="1">In the final phase of our project, we conduct extensive testing and verification procedures. Agile and Scrum approaches shine at this stage, ensuring that the data warehouse meets all functional and efficiency requirements.  </p>
<p data-mce-fragment="1">During this time, we use DataOps techniques to improve the management of operational data streams. This approach ensures consistent delivery of high-quality data by using continuous testing and development techniques.  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Cost Factors in Data Warehouse Implementation </strong></h2>
<div style="text-align: center;"><img style="float: none;" alt="Illustration of cost factors in data warehouse implementation" src="https://cdn.shopify.com/s/files/1/1905/9639/files/Illustration_of_cost_factors_in_data_warehouse_implementation_1024x1024.png?v=1718703017"></div>
<p data-mce-fragment="1">Deploying a data warehouse involves considerable financial and technological issues. Costs vary according to hardware, software, cloud alternatives, and experienced individuals, thus a detailed financial analysis is essential for project budgeting. </p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Hardware and Software Costs </strong></h3>
<p data-mce-fragment="1">An on-premises data warehouse requires a large investment in terms of infrastructure and software. This includes the cost of physical servers, storage infrastructure, database management, and analytics software licenses. The cost of these components can vary greatly depending on scale and complexity, ranging from many tens of thousands to multiple hundreds of thousands of dollars.  </p>
<h3 data-mce-fragment="1">
<strong data-mce-fragment="1">Cloud vs. On-Premises Costs</strong> </h3>
<p data-mce-fragment="1">In the case of data warehouses, moving to a cloud-based approach might significantly change cost considerations. Cloud services provide appealing prospects such as scalable storage and processing capabilities that are pay-as-you-go, resulting in lower initial expenditures and ongoing expenses when compared to traditional on-site deployments. Nonetheless, it is essential to consider total ownership costs, including variables like network bandwidth and data transfer fees, which vary with consumption levels.  </p>
<h3 data-mce-fragment="1">
<strong data-mce-fragment="1">Maintenance and Support Costs</strong> </h3>
<p data-mce-fragment="1">Maintaining a data warehouse is equally important as deploying it. This continuing process includes verifying data quality, deploying updates, monitoring performance, and protecting the system with backups, disaster recovery plans, and access controls. These maintenance requirements can be particularly costly for on-premises facilities, possibly necessitating hardware modifications over time. </p>
<h3 data-mce-fragment="1"><strong data-mce-fragment="1">Personnel and Training Costs </strong></h3>
<p data-mce-fragment="1">The human component stands out as one of the most important cost factors. Expert data practitioners, who are essential to the success of any data warehouse, earn substantial pays consistent with their specialized knowledge. Investment in continual education is also essential, as it ensures that your employees are up to date on the latest data warehousing technologies and processes.  </p>
<h2 data-mce-fragment="1"><strong data-mce-fragment="1">Trends in Data Warehouse Implementation for 2024 </strong></h2>
<div style="text-align: center;"><img style="float: none;" alt="Illustration of trends in data warehouse implementation for 2024" src="https://cdn.shopify.com/s/files/1/1905/9639/files/Illustration_of_trends_in_data_warehouse_implementation_for_2024_1024x1024.png?v=1718703075"></div>
<p data-mce-fragment="1">In the future, businesses will use their data warehouses differently. Key trends that influence its progression include:  </p>
<ul data-mce-fragment="1">
<li data-mce-fragment="1">The move to cloud-based platforms  </li>
<li data-mce-fragment="1">Integration of artificial intelligence.  </li>
<li data-mce-fragment="1">Improvement of security protocols  </li>
<li data-mce-fragment="1">Refinement of data warehousing processes  </li>
</ul>
<p data-mce-fragment="1">The increased usage of cloud-based data warehouses has a substantial impact on performance, availability, latency, vendor lock-in, data security, regulatory compliance, risk management, and costs.  </p>
<p data-mce-fragment="1">Such improvements are paving the way for more sophisticated, secure, and streamlined services for enterprise data warehouses. This includes improvements in both on-premises data storage options and data mining approaches.  </p>
<h2 data-mce-fragment="1">
<strong data-mce-fragment="1">Conclusion</strong>  </h2>
<p data-mce-fragment="1">To summarize, implementing a data warehouse is a hard task that demands careful strategic preparation. To fully capitalize on the abilities of their data, organizations must follow each step in the process while keeping costs in mind, remaining up to date with emerging trends, and following established best practices. Data warehousing is essential for accelerating business growth, stimulating innovation, and acquiring a full understanding of your business environment. Accept this powerful instrument to realize the full potential of your organizational data.  </p>
<h3 data-mce-fragment="1">
<strong data-mce-fragment="1">Frequently Asked Questions</strong> </h3>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">1. What is the difference between a data warehouse and a data lake? </strong></h4>
<p data-mce-fragment="1">Data warehouses provide organized data for BI, and data lakes contain raw data for machine learning and AI. </p>
<h4 data-mce-fragment="1">
<strong data-mce-fragment="1">2. How does real-time data processing benefit a business?</strong> </h4>
<p data-mce-fragment="1">Real-time data processing provides businesses with rapid insights for faster decision-making, which is vital in fraud detection, dynamic pricing, and other situations that require quick response. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">3. Are cloud data warehouses more secure than on-premises data warehouses? </strong></h4>
<p data-mce-fragment="1">Tight security is required for data warehouses, whether on-premise or cloud-based. Even powerful cloud security requires effective deployment. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">4. What are the main cost factors to consider when implementing a data warehouse? </strong></h4>
<p data-mce-fragment="1">Setting up a data warehouse incurs initial costs for technology, software, and staff. Maintenance, support, and training are ongoing investments that assure smooth functioning. </p>
<h4 data-mce-fragment="1"><strong data-mce-fragment="1">5. How can AI and machine learning improve data warehouse functionality? </strong></h4>
<p data-mce-fragment="1">AI and machine learning may transform data warehouses by automating tasks and providing more effective data management, resulting in faster, more accurate insights for data-driven choices. </p>
<p data-mce-fragment="1">Also, read: <a href="https://www.lucentinnovation.com/blogs/technology-posts/understanding-data-storage-databases-data-warehouses-data-lakes"><strong>Databases vs Data Warehouses vs Data Lakes</strong></a></p>

<span class="NormalTextRun SCXW227773764 BCX8" data-mce-fragment="1"> In today's data-driven world, businesses depend on </span><span class="NormalTextRun SCXW227773764 BCX8" data-mce-fragment="1">accurate</span><span class="NormalTextRun SCXW227773764 BCX8" data-mce-fragment="1"> information to make strategic decisions. Data warehouses are the foundation of business intelligence, offering a centralized repository for storing, organizing, and analyzing historical data. </span>

Complete Guide to Data Warehouse Implementation Steps & Costs In 2024

Uncover essential tech knowledge, industry standards, cutting-edge services, and a core understanding of tools for booming business success.