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Artificial Intelligence (AI) becomes more and more of a trend every year. According to IDC, worldwide spending on AI-centered solutions is expected to reach $154 billion by 2024, showing an increase of 26.9% over the amount in 2022. The leader in terms of adoption rates and popularity among AI integrations is an acclaimed ChatGPT made by OpenAI, an American AI research laboratory. The newest release of the GPT-4 model and constant updates of the previous “GPT-n” series models lead to a logical

This year, the market size value of the healthcare IT market reached $192.2 billion, making more and more people wonder whether it’s time to enter the niche and seize some of that profit. To do that on the US market, you need to not only come up with an innovative app idea but also to make sure that your solution will meet the HIPAA compliance software checklist. There are laws of this kind in countries all over the world but in this article, we will specifically focus on HIPAA. HIPAA (Healt

If we had to define artificial intelligence in just one sentence, we would say it is a set of technologies that can take on tasks related to gathering and analyzing data and making decisions based on it. In other words, AI solutions can automate activities that typically require human intelligence. But what does AI for business mean in practice? Maintaining a solid online presence is no longer a competitive advantage, it’s a must. To stay ahead, businesses need to adapt to continuously evolvin

As the software development market continues to grow rapidly and steadily, so do software development costs. In 2022, IT spending on enterprise software worldwide reached around $783 billion, increasing by 7.1% compared to the previous year. In 2023, this spending is forecasted to amount to around $856 billion. This puts a strain on the market. 46% of IT companies in Europe and North America name increases in product costs as one of the main challenges they face when purchasing new hardware

According to statistics from Clutch, 83% of small businesses will maintain or increase their spending on outsourced business services in 2023. And IT outsourcing is among the top three most popular requests, alongside marketing and design. Businesses outsource IT tasks for numerous reasons: to cut costs during times of recession, to focus on strategic goals, and simply because during the pandemic we all learned that managing remote teams efficiently is possible. However, IT outsourcing comes

If your business is in any way connected to information technology and software (and you probably wouldn’t be here reading this if it weren’t) you must have heard of massive layoffs in tech companies in 2022 and 2023. You must have also heard that, contrary to the fact that layoffs took place, there’s actually a shortage of tech talent on the market. One of the solutions for the latter is IT staff augmentation. Mind Studios provides IT personnel augmentation services alongside other cooperat

There are plenty of situations that might require an extended software development team. Tight deadlines, projects that exceed the team’s size, skill gaps, and limited staffing budget can lead to cases when hiring external employees will be the most efficient and cost-savvy solution. Statistics also support this: According to Deloitte’s global outsourcing survey of 2022, 57% of organizations name the overall need to cut costs the primary driver behind using the outsourcing model, while 49% als

There are plenty of metrics for analyzing user engagement. However, you don’t need to track all of them. What user engagement metrics you should track depends on the specifics of your business and the category of your mobile app. Engagement metrics like the number of items added to the cart and the cart abandonment rate are highly relevant for eCommerce mobile apps but completely unusable for news or social media apps. In turn, for social media apps, it’s better to track the amount of time use

In our fast-paced digital era, new trends and technologies are emerging every day, making websites more interactive, fast, and engaging. As a web development company, we’re interested in keeping abreast of these things. MyMP3Pool, a digital music streaming platform for DJs, was suffering from a significant decrease in user traffic when its owner came to us. We completely rebuilt the platform, which skyrocketed user engagement. According to the post-launch poll, 67.9% of MyMP3Pool users were

In 2023, the parcels are being delivered by drones and self-driving cars, each item produced at the factory is easily tracked in real time, and the demand for various goods is calculated with utmost precision. And it's all possible thanks to supply chain management using IoT. The global market of IoT in logistics and supply chains is thriving: by 2028, it is expected to reach the value of USD 93.85 billion. However, many still view IoT as something primarily used by corporations like Amazon an

Businesses all over the world rush to go more digital, and for a reason: between data breach scandals, world governments doubling down on data security regulations, and the spread of AI, the competition is getting quite fierce in just about any niche. Surprisingly, digital transformation in logistics wasn’t at the forefront of the global change trends until just recently. An industry historically known to be a forerunner of innovation is lagging behind today. A lot of logistics companies are r

Over the past ten years, more and more companies, among which are Pinterest, Moz, and Bleacher Report, have switched to Elixir. Not to mention products like Discord and WhatsApp that were built with Elixir right from the start. What's the reason? Simply put, using Elixir for development results in services capable of processing much bigger traffic. You'll get a platform that can quickly scale and grow without losing reliability while increasing overall performance. In business terms, it mean