6 Valuable Technology Platforms for Startups in 2023
Technology has undoubtedly evolved the entire business landscape and become a catalyst for enhancing productivity. Thus, it is now an integral part of most digital functions. Therefore, businesses including start-ups are now more inclined to invest in digitalization – so that they can take their business to new heights and stand out from the competition.
The technology platforms have allowed businesses to overcome common challenges and remain consistent. Every aspiring entrepreneur has as their top priority to minimize initial costs. It is possible to reduce some operational costs in an online firm with the appropriate startup tools. Despite the fact that an online business must cover certain necessary costs of development.
There are starting tech platforms that can help savvy businessmen save time while also decreasing initial expenditures. But before knowing about these tech platforms, it is crucial to know what is a tech platform exactly. So, have a look!
What is a Tech Platform?
A technology platform is a foundation for creating and running different business applications. It enables users to run their applications smoothly on the platform without worrying about the technology supporting them.
Moreover, it also allows technical employees to quickly extend, improve, or replace application software, accelerating business.
Analytics, data management, database, tools for application development and extension, integration, and intelligent technologies like artificial intelligence (AI), machine learning, and the Internet of Things (IoT) are often included in a modern tech stack. These fundamental elements, or “building blocks,” support innovation and corporate expansion.
Top Technology Platforms for Startups
The competition to make the best product and services is now on the rise. So, run a start-up, you might have to choose from a wide range of options. But before this, it’s essential to learn about each platform to pick the best one. So, let’s delve deeper to explore more.
1. Google Cloud Platform
As one of the major tech giants, it’s not all that surprising that Google developed a safe and very cost-effective platform – called Google Cloud Platform. Because its services are hosted by Google, Google Cloud is possibly the more well-liked option by many entrepreneurs.
It provides various modular web services, including Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). You can create, code, and save pertinent data, using this multi-layered infrastructure. This platform also allows easy migrations at a low cost, which makes it the most advantageous.
Challenging tech behemoths like Google and Amazon, DigitalOcean is a rising cloud infrastructure provider that offers developers tools to quickly install and scale their apps.
Due to the great use of its product, it is gaining popularity increasingly. A company can make use of the computing and storage resources provided by DigitalOcean in place of setting up and maintaining its data infrastructures.
DigitalOcean provides a customizable bundle at its price. It is considerably less expensive than its competitors due to its recent introduction to the market.
3. Amazon Web Services
Another cloud-based platform that incorporates a wide variety of web applications is Amazon Web Services (AWS). It offers a broad range of fundamental abstract technical building pieces, tools, and distributed computing infrastructure.
Elastic Beanstalk, Simple Storage Service (S3), Elastic Cloud Compute (EC2), and Relational Database Service (RDS) are a few of the standout offerings of AWS. Users can have access to several features, including audits and the production of encryption keys, thanks to extensive admin control.
It also allows you to choose from three subscription plans, depending on the size of the project.
One of the best technology platforms with the most flexibility is Microsoft Azure. Every industry can use its bundle. Any service can be deployed on this platform and combined with already-existing hardware, software, or data centers.
Azure is compatible with Linux and enables a slicker, quicker cloud migration. By using Azure, you may avoid having a physical server on your website, which will save you money on employing a server support staff.
Additionally, Azure includes access to more than 25 “always free” services as part of their bundle. With their “Pay as you go” payment approach, you can select the finest plan that fits your financial situation.
5. Oracle Cloud Infrastructure
The Oracle Cloud Infrastructure is yet another titan of cloud computing. It’s a robust platform with lots of features. Oracle’s features stand out for their ability to manage heavy IoT, microservices, OLTP, and a variety of AI and machine learning application workloads.
Their two main offerings are data storage and cloud architecture. Analytics and data management are mostly driven by it. Regarding cost, Oracle Cloud provides a free service tier with limitless access to databases as well as a 30-day trial.
CloudLinux is different from other platforms when it comes to hosting a cloud network. Instead of collaborating with outside organizations to manage your network, CloudLinux enables you to take complete management of everything on your own. This platform is suitable for businesses that have made significant investments in their own IT infrastructure.
CloudLinux is specifically made for virtualized cloud operations like shared hosting that allows and regulates server resources to each tenant. Each tenant is kept apart from the others to create a more secure hosting environment.
You’ll need a team with solid technical navigation and configuration skills to get the most out of this platform. Three methods of pricing are available for CloudLinux, each with a different number of features and servers.
Technology Platform Components
Now that you know the technology platform definition and some of the top tech platforms. But the modern technology platform comes with a wide range of components. These components can range from products made for a specific purpose to standalone or integrated platforms that can function independently. A contemporary, cloud-based technological platform cannot exist without these elements or layers.
1. User Interaction
The platform’s top layer establishes how users inside and outside the organization interact with the system. Because it is the first point of interaction and defines how effective a user will be in carrying out activities, user interaction is a crucial component. It affects how they feel about the work and system as well.
The user interface (UI) and the user experience are the two components that make up the user interaction (UX). The user interface (UI) is how a user interacts manually and visually with a machine or system. A business application could have the screen’s colors, design, icons, shortcuts, and more. It also supports input through a mobile device, voice, mouse, or gestures.
On the contrary, UX refers to a user’s unique experience with technology. The degree of usability and intuitiveness of the design can have a big impact on how productive the user is. Because of user-friendly consumer applications and a comfort level with social media, business users today demand experiences that are streamlined and highly tailored to match their specific needs.
2. Data Insights
Digital insight is one of the technology platforms components that has become a cause to move to modern ERP. Today, it is crucial for businesses to have real-time, authentic information.
Regrettably, several companies have found data that they have from their legacy systems was unauthentic and outdated. Companies now more than ever need self-service reporting and analytics that enable users to quickly transform data into insights to aid in improved decision-making. This essential layer of information is provided through technological platforms.
The application layer offers features for carrying out business operations. This layer might cover the entire organization, such as through ERP or CRM, or they can focus on a more specific area, like departmental accounts payable.
Although the software companies that control the applications could appear to be comparable at first glance, their underlying application development platforms may be very different. This distinction has a big impact on how the system functions and is updated. The functionality of the right tech platform can be changed by users, utilizing low-code or no-code development techniques. They can also effectively adjust to changes in cross-enterprise business processes.
Artificial intelligence and machine learning are transforming applications every new day. The automation and improvement of basic tasks are made possible by these technologies, so workers can now concentrate on more difficult tasks. Organizations gain predictive analyses and better insights in addition to productivity improvements.
Regardless of how well-designed an organization’s applications or ERP systems are, they must have the ability to interact with other systems, particularly those from other vendors’ CRM, HR, and procurement systems.
The integration may be simple, such as an expansion of the basic functionality with features and functions from third parties or industry-specific add-ons created to function seamlessly with the key system.
In other situations, the process can be more challenging and need integration with a customer’s proprietary systems, another ERP or CRM solution, or both. The application programming interfaces determine how simple the initial integration and maintenance are (APIs).
The architecture for scalable, simple, and secure access to other cloud or on-premise systems is provided by API platforms in contemporary technology stacks.
Data management and storage usually are considered complex tech platforms. Previously, legacy ERP functioned well, however, couldn’t maintain the current explosion of Big Data. Additionally, in-memory databases are fast and have been expensive.
But, due to the tech revolution, the cost of in-memory databases has gone lower and become a viable alternative for huge systems.
Another crucial aspect of modern data management is the need for better security because technology platforms manage governance, valuable data assets, metadata management, user access, and more.
All deployment choices, including cloud, hybrid, on-premise, and edge computing, must be supported by this last component. The most popular option for additional ERP functionality is currently cloud platforms.
A large portion of the deployment of applications is operated in safe virtual instances for the customer, including data backup and additional resources as needed.
They also only require little hardware management on the customer’s part. Modern cloud-managed services have the advantage that the cloud vendor manages and deploys the hardware and software resources to offer their clients shared services for databases and software.
Choosing The Suitable Technology Platform
Every technology platform has its unique set of pros and cons, and there isn’t a single tech stack that works for all businesses, most companies require a powerful set of tools to support their online presence.
So, picking the right platform might be challenging. Building a whole set of tech stacks for each activity can be effective for businesses, but startups should take their tool knowledge, budget, and assigned team into account, before beginning their project.
Hire Tech Professional
If you are new in the business world, you may find it challenging to decide on what tech platform can be suitable for your start-up. In such a case, it’s better to take assistance from industry experts. Codment is the leading application development company in USA with a team of skilled professionals. We can help you pick, handle and maximize the technology tools that can benefit you in a long run.
Our company offers top-notch software development services to help you scale your business. So, take a step forward and discuss what’s in your mind. We can assist you with the best. Connect with us now!