Introduction
Mobile applications have become an important part of technology in the twenty first century, and it seems that mobile app use gaining increasing importance. Fingent (2019) noted that the number of mobile phone users in 2019 was estimated to be 4.68. This number is too great to be ignored, which is the reason Davido Digital Solutions made a mobile fitness app to be part of the mobile app revolution. The mobile app business is based in a technological industry that is characterized by constant changes in technology. This paper explores the specific technological needs for the next 5 years, as well as the course of funds needed to acquire the needed technology.
Currently, making a mobile application uses languages like Java, C++ and C#. With time, new languages come up, such as the recent new languages known as Kotlin and Swift (Fingent, 2019). Therefore, it requires that system developers need to upgrade their knowledge and skills on the programming languages. One of the technological needs that Davido Digital Solutions will account for is the changes in programming language. This technology will be considered as a business expense since skills update might require developers to enroll for a course. This form of technological acquisition is intangible.
Security considerations
While the growth and development of technology is great for businesses and mobile app developers, it comes with its fair share of challenges, especially when it comes to security issues. Cyber security and cybercrime has been on the rise. Cyber criminals look for important customer information such as credit card numbers, dates of birth, age, identity cards, and mobile phone numbers among others. As the common saying goes, information is power. Davido Digital Solutions will be dealing with sensitive customer information such as their dates of birth, mobile phones and other sensitive information such as credit cards details. Holding and dealing with such information comes with inherent risk of information theft that might jeopardize business operations. Davido Digital Solutions understands the impact of such risks brought about by technological advancement and considers security considerations as its technological need in the next 5 years.
As technology keeps on changing, so do platforms that the codes will rest. Currently, Android and iOS are the two main platforms where mobile application code rest (Fingent, 2018). Other platforms are likely to come that will make these platforms obsolete of with completely new features. Developers will need to prepare for platform and database changes in order to remain in business.
The venture will train the system developers on how to make the app secure as much as possible. A properly secured app uses code encryption, files, and databases, back-end enabling authentication and identification technologies. Since the business deals with an intangible product, investment in technological needs will be regarded as business assets rather, and not tangible depreciable asset.
Source of funds
To meet the technological needs, Davido Digital Solutions will use the organization’s funds, as well as funds from sponsors to train and develop system developers on how to make the app secure, as well as learn and upgrade on the programming languages. Other sources will come from the business operations since upgrading of human resource skills is considered an essential part of the operations. The sources of funds will be used for the expansion and development stage financing for prototype and the minimum viable product.
Mobile applications have become an important part of technology in the twenty first century, and it seems that mobile app use gaining increasing importance. Fingent (2019) noted that the number of mobile phone users in 2019 was estimated to be 4.68. This number is too great to be ignored, which is the reason Davido Digital Solutions made a mobile fitness app to be part of the mobile app revolution. The mobile app business is based in a technological industry that is characterized by constant changes in technology. This paper explores the specific technological needs for the next 5 years, as well as the course of funds needed to acquire the needed technology.
Technology needs
Currently, making a mobile application uses languages like Java, C++ and C#. With time, new languages come up, such as the recent new languages known as Kotlin and Swift (Fingent, 2019). Therefore, it requires that system developers need to upgrade their knowledge and skills on the programming languages. One of the technological needs that Davido Digital Solutions will account for is the changes in programming language. This technology will be considered as a business expense since skills update might require developers to enroll for a course. This form of technological acquisition is intangible.
Security considerations
While the growth and development of technology is great for businesses and mobile app developers, it comes with its fair share of challenges, especially when it comes to security issues. Cyber security and cybercrime has been on the rise. Cyber criminals look for important customer information such as credit card numbers, dates of birth, age, identity cards, and mobile phone numbers among others. As the common saying goes, information is power. Davido Digital Solutions will be dealing with sensitive customer information such as their dates of birth, mobile phones and other sensitive information such as credit cards details. Holding and dealing with such information comes with inherent risk of information theft that might jeopardize business operations. Davido Digital Solutions understands the impact of such risks brought about by technological advancement and considers security considerations as its technological need in the next 5 years.
As technology keeps on changing, so do platforms that the codes will rest. Currently, Android and iOS are the two main platforms where mobile application code rest (Fingent, 2018). Other platforms are likely to come that will make these platforms obsolete of with completely new features. Developers will need to prepare for platform and database changes in order to remain in business.
The venture will train the system developers on how to make the app secure as much as possible. A properly secured app uses code encryption, files, and databases, back-end enabling authentication and identification technologies. Since the business deals with an intangible product, investment in technological needs will be regarded as business assets rather, and not tangible depreciable asset.
Source of funds
To meet the technological needs, Davido Digital Solutions will use the organization’s funds, as well as funds from sponsors to train and develop system developers on how to make the app secure, as well as learn and upgrade on the programming languages. Other sources will come from the business operations since upgrading of human resource skills is considered an essential part of the operations. The sources of funds will be used for the expansion and development stage financing for prototype and the minimum viable product.
