The boom in global smartphone numbers has led in turn to a surge in the number of apps. Google Play houses 2.2 million apps, while Apple’s App Store has a mammoth 2 million apps – and this won’t slow down anytime soon. Gartner predicts that more than 268 billion downloads will generate US$77 billion worth of revenue in 2017
Today, apps are no longer built just for smartphones. They’re needed for wearables, connected homes, smart cars, IoT-enabled devices, and much more. Heading into 2017, this presents a huge opportunity for entrepreneurs and consumers; the space promises to be very exciting indeed. Cloud-based apps and services have become more important in 2016. The ability to share and sync data in real time with servers and other devices has driven many innovations.
Overall, if we want to improve the odds of entrepreneur success, we can innovate not just in the products and services we support, but also how we discover, develop and invest in companies. Getting rid of Demo Days is just one way to start.