Women

SHINY | WEBSITE TO WATCH | GEEK | MOBILE TECH | ONLINE ‘TREP | THE FIX
TECH
“
Samih Toukan
Ramez Mohammed
CEO of Flat6Labs www.flat6labs.com |
Ramez Mohamed, CEO, Flat6Labs
Samih Toukan
Amir Farha
co-founder of BECO Capital www.becocapital.com |
This opinion is exaggerated.
Today there are over three million
apps available on both the
Android and Apple app stores,
with thousands being launched
on a daily basis. This boom has made it
difficult for entrepreneurs with new apps
Amir Farha,
co-founder,
BECO Capital
@RamezM @Flat6Labs
“
I
don’t think that the mobile
apps businesses are witnessing
a death. It’s definitely a much
more crowded market now,
where the mobile app or the
‘app store only’ business models
might be declining because of the
market saturation. However, I think
we are also seeing a new era of how
mobile app businesses are developing
to be an essential channel rather
just an end product, where many
of the startups now think mobile
first and are busy trying to deliver a
smooth cross-platform experience
to their users from day one.”
@AFarha @BecoCapital
to get noticed amongst the large array of
options. Users tend to use up to six apps
on their device on a daily basis, and this
usage is driving app developers to provide
more holistic experiences (an ecosystem
of sorts) through their offering. Entrepreneurs
are trying to get the attention
of the user and keep them on their app,
and today, messaging apps are the first to
provide extra services on their platform
“As more local services become
digital, the app will likely be the
user’s ideal way of interacting.
In addition, there are many
opportunities to build apps that are
focused on enterprise vs. consumer,
especially as businesses start to
look for more cost-efficient ways
to do things in light of the current
economic downturn.”
“
Walid Tahabsem
founder and CEO of ITG,
and co-founder and board
member of Oasis500
www.oasis500.com |
@wtahabsem
From a technical point of view,
I don’t think apps are businesses,
apps are means of
delivery. Therefore, as long as apps
make sense as a tool of delivery and
access, they will remain available
and remain strong! Entrepreneurs
should stop thinking about apps,
and focus on the business they want
to build and then decide on the best
way to reach their clients. Technology
changes very fast and no one will
be able to predict how we will be
accessing and interacting with data,
information, and services in the
coming decade.”
Walid Tahabsem, founder and CEO of ITG,
and co-founder and board member of Oasis500
(e.g. booking an Uber, ordering food,
playing games etc). This trend is likely to
continue and apps need to start looking
at plugging into existing app ecosystems
in order to get distribution/drive market
share.
Locally though, there are still plenty
of opportunities to build local apps that
solve for local problems. Apps provide the
most effective medium for users to order
food, request limousines, bank and book
travel services. As more local services become
digital, the app will likely be the user’s
ideal way of interacting. In addition,
there are many opportunities to build
apps that are focused on enterprise vs.
consumer, especially as businesses start
to look for more cost-efficient ways to do
things in light of the current economic
downturn. So, in summary, think of local
problems that can be solved through the
use of mobile apps, and come up with
unique ways to market your app locally.”
may 2016 Entrepreneur 71