The Friday High Five: Featuring Competitive IoT Technologies

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These are the Friday “High Five” stories in the digital product innovation space during the week of 5/21/2016 to 5/27/2016 we noticed were trending.

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1) Wells Fargo’s Mobile Wallet Launch

Wells Fargo is launching its own mobile wallet. It’s expected to be available later this summer. It’ll work with NFC-payment systems on Android phones.

“We’re looking to reimagine customer interactions with money in and across channels, and designing our own Wells Fargo Wallet allows us to further engage our customers, and innovate for the future. Continuous innovation enables Wells Fargo to save customers time and money, reduce fraud, and drive loyalty. With mobile ubiquitous in today’s world, innovation around mobile will continue to be a key area of focus.” – Steve Ellis, head of Wells Fargo’s Innovation Group

Mobile payments and wallets are becoming increasingly popular with consumers, with about 28% of smartphone owners making a mobile payment within 12 months. 2.8 million Wells Fargo customers use their cards in 3rd-party apps, such as Apple Pay, etc, and the financial institution wants to get them to come to their app instead.

Just like Wells Fargo is getting involved in mobile payments, your business can as well, in your own way. We at Stuzo build mobile apps for businesses such as yours, and we have the experience to prove our expertise. Take a look at this mobile loyalty case study featuring Swarovski to see an example.

If you want to see how your business can benefit from mobile apps, such as with payments and loyalty, contact us today to schedule a consultation.


2) Virtual Reality’s Brand Benefits

Do you question virtual reality’s potential for your business? It’s time to accept that there are business opportunities with this platform.

“The time will come when VR and AR will be as important as social media is right now.” – Kim Niemi, Vice Ghost at Digital Media Ghost

Many businesses don’t think virtual reality is fit for them and their customers. They don’t think it’ll work, but the platform advancements are proving that these doubts are not accurate.

Do you want to get involved with virtual reality for business? Do you understand its benefits for your business or want to learn more about its opportunities? Contact us today to see what we can build in the VR space that’ll benefit your business.


3) Apple vs. Amazon’s Competitive IoT Technologies

News is out that Apple is building a device with Siri that’ll compete with Amazon’s Echo. The Amazon Echo has shown its business potential with its Alexa Skills kit.

Making the Echo IoT system open for 3rd-party integration gave businesses such as Uber and Dominos access to their customers from within the users’ home. It will be interesting to see how Apple’s Siri device will provide 3rd-party access.

These new IoT technologies are demonstrating that the platform is building successfully, making it worth your business’ attention. If you want to reach your customers from where they are, which you should,  an app integration with IoT devices is the way to go.

Get started with your own IoT integration. Contact us today to set up a consultation.


4) Fitbit’s Progress Towards Mobile Payments

Fitbit devices are widely known for fitness tracking, but with all the wearables competition out there, the company is working to gain the upper edge. Fitbit acquired Coin recently in an effort to add mobile payments to its product features. Thus begins Fitbit’s competitive advantage.

Similar to the first Friday High Five topic, regarding Wells Fargo’s mobile wallet, businesses can participate in this developing platform by building their own mobile payments app. Contact us today, and we’ll build something great together.


5) Businesses’ Battle to Stay Relevant in a Mobile World

Mobile app usage is growing rapidly, and it’s beyond time for businesses to build their own presence with a mobile app, using a mobile app development company.

In order to stay relevant, especially when fighting for a competitive advantage, your business needs to have a mobile presence. Consumers are shifting towards a mobile environment for what they need, such as making purchases and communicating with businesses.

If you want to be where your consumers are looking for you, contact us today to collect on this opportunity with a mobile app. Our mobile app development expertise will provide a mobile app that’ll bring you business.

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Now that you are aware of these five technology trends, what are you going to do next? Are you going to stick with the status quo or be an innovative business?

At Stuzo, we know mobile apps, wearables, IoT, virtual reality and many more technologies. We can build your business presence so that you’re available everywhere your customers want to see you. Contact us today to get started.

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