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Transition to retirement

However, many of these same people would also do well to consider the possibility of a lifestyle change once they have retired from their jobs. There are various different ways in which this can be accomplished.

Some of these ways include utilizing asset allocation strategies, having a plan in place for the superannuation and other investments, and also estate planning and financial strategy. One of the most popular and easy solutions that has been around for decades is that of using a superannuation strategy. A strategy is simply a set of investment decisions that an individual makes in order to create a passive, or tax effective, income. The decisions made here will allow the individual to build an emergency fund or other type of money savings specifically for the retirement years. Many of these options also utilize the concept of what is called a “rights” approach. This simply means that the investor will receive a certain percentage of his or her initial investment back upon retirement.

If you choose to utilize a pension or social security retirement strategy then you will probably need to consult a financial advisor. These advisors will typically not charge any fees for their services. In addition to their fees, their advice will be priceless. They can give you valuable insight into how to best utilize your tax-deferred savings for living expenses in the future.

While using a retirement plan will provide you with a nice lump sum upon retirement, you may want to continue working until that money is no longer available. If so then your financial planner should make recommendations concerning what type of employment will be most beneficial at those times when income may be lower. Some people decide to work in a more low-paying position in order to make sure that they continue to work well into their golden years. Other people choose to stay active and choose higher-paying jobs. Either way your financial planner can help you find the job or jobs that will give you the highest likelihood of staying employed at the time that you plan to retire.

One aspect of a financial advisor’s job is to help you develop a safety net. After all, one of the goals of retirement is the ability to live on your own. You should include in your plans any investments that will provide a source of income during the transition to retirement years. For example, your retirement funds may be in a low interest savings account and your Social Security income may be linked to a workplace pension plan. Depending on the type of investment you have chosen the value of your nest egg may change after your retirement is complete.

The tax effective amount of your superannuation or other investment should also be considered. Most people are comfortable with the idea of saving for their golden years but only if the income will be sufficient to support them when they are no longer around. While you may not have a lot of extra money at the start of retirement, it pays to set aside a portion of your paycheck for taxes. Your financial planner can assist you in finding the best tax effective options for your situation. The most common option is a Roth IRA. Consult your financial planner to learn more about Roth IRAs and other tax effective superannuation and investment strategies.

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How do Face and Emotion Recognition APIs enable Development of More Interactive Apps

Here we are, with a majority of our lives dependent on not only mobile apps but a variety of other such technological tools that help ease various facets of our lives. But if there’s one thing you should know about technology, it’s that it never stops evolving; so much so, that today, mobile apps are very ordinary now. But since apps, mobile or web, along with multiple other solutions remain crucial drivers of business across the entire gamut of industries in the world, and there has been plenty of innovation to help enterprises to differentiate their offerings from their rivals in the market. One such novelty that has recently emerged is face and emotion recognition technology. Don’t get us wrong, this technology has been around for a while now, but their implementation in the context of improving customer experience is relatively recent.

Nonetheless, they are here and how! Microsoft offers a terrific solution for the integration of such technologies via its Cognitive Services APIs that are aimed at facilitating the development of really advanced apps where the driving principle is the organic user interaction, no matter the platform or device. The APIs make use of machine learning, a subset of artificial intelligence, and are widely deemed highly conducive for the development of high-level apps.

So, if you, too, are planning to get started with using Face and Emotions recognition technology for your Xamarin.Forms app, we have listed some of the necessary steps to help you get started with it.

1. Cognitive Services APIs subscription: First things first, get a subscription of the service you require, i.e., Face and Emotion APIs. It may also help to remember that Cognitive Services offer RESTful APIs, i.e., one can interact with them via HTTP requests irrelevant of the platform provided you use a language that includes REST support.

Here’s a snippet that shows how an image is sent to the emotion recognition service:

POST https://api.projectoxford.ai/emotion/v1.0/recognize HTTP/1.1
Content-Type: application/json
Host: api.projectoxford.ai
Content-Length: 107
Ocp-Apim-Subscription-Key: YOUR-KEY-GOES-HERE
{ “url”: “http://www.samplewebsite.com/sampleimage.jpg” }

P.S.: Add your key and replace the image URL with the address of the target image.

2. Create the app: For this step, first launch Visual Studio, of course, and then when the New Project dialogue box pops up, go to Visual C#, the cross-platform node, and then select Blank XAML app template. The next step is to call the FaceEmotionRecognition solution.

Those are the most fundamental steps of the process. But if you are still wondering what comes next, well, you will need to introduce plug-ins, install NuGet packages once the solution is right to go, design the UI, and so forth.

Though it may seem like a long drawn out process, trust us when we say the union of these services with Xamarin mobile apps will enable companies to deliver unprecedented levels of natural interaction, thus significantly elevating users’ experiences and, consequently, the business.

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How Food Ordering Apps are creating a Bright Future for Food Industry?

When it comes to ordering the food online, the mobile food ordering apps are the first preference of the customers. They have transformed the traditional ways of food ordering. Customers no longer have to explain their orders anymore on phone calls. Just a few clicks on mobile phones and the favourite food is delivered at door steps in minutes! The chance of missing any orders has also reduced. Moreover, restaurants and hotels can make more profits than ever. As a result, they are readily integrating such on-demand apps and streamlining their food delivery process. These apps seem to create a dazzling future for the food industry. Hence on-demand app development services are increasingly creating outstanding food apps for the food industry.

Let us look at the advantages these food ordering and delivery apps offer to the customers as well as the service providers.

Food Delivery Apps and their Key Advantages:

Easier Ordering Process:

When the food ordering apps didn’t exist, people had to either call to place their orders or drive to the restaurant and wait till the meal gets prepared and packaged. However, online ordering has made the process way much easier for both providers and customers. Customers can order food from anywhere at any time with ease. They can get ample of choices online. For instance, if a certain food item is not available in a restaurant, they can order it from a different restaurant. Also, customers get add-on deals and offers from restaurants. This attracts many customers and leads to an increase in the sales of the service providers.

The Convenience of the Customers:

Online food ordering provides instant on-demand solutions to customers. They can enjoy fresh, hot and quality food of their choice at a moment’s notice. They can track their orders in real-time and get precise information about food delivery. They get notified about all the details of their orders through SMS or emails or through push notifications. Also, the customers get alternatives for doing the payments. The transactions can be done smoothly either online or in cash.

Efficient Management of Customers and Orders:

The food ordering apps and systems streamline the complete process right from getting the order, tracking the orders, the money transactions, sending notifications and delivering the food. It leads to faster order execution and better customer management. This also boosts the customer-provider relationship.

Gathering Vital Customer Data:

These apps gather information about the regular customers, their feedback about the food, the popular food items in a restaurant, the offers that attract more customers, etc. Such insights and analytics are valuable to the service providers for enticing the customers and spreading the business. These apps help to analyse customer preferences and ordering trends. Using this data, the restaurants can customize their food items, offerings, deals, etc. and provide an amazing experience to the customers.

Marketing Benefits:

Having a dedicated app for your restaurant also provides significant marketing benefits. One can directly send the deals and offers to the customers. Using these apps, restaurants can engage the customers on their social media pages and ask them to share the deals and offers with their friends. Also, getting the reviews and ratings from the customers becomes much easier with such an app.

Greater Reach:

Restaurants and hotels may have limited seating capacity; however, food delivery apps help them to reach hundreds of customers simultaneously. These apps allow restaurants to cater to a large number of people without much investment in infrastructure or staff.

Competitive Advantage:

It is surprising to know that only 2-3% of restaurants in the world make use of online ordering apps and systems. Today’s customers look for faster and more convenient ways to order food online. So, if you make your restaurant available to your customers at the fingertips, you will definitely stay ahead of the competition.

Key Takeaways:

We have seen the benefits of food ordering and delivery apps in detail. They provide added convenience to customers. They offer instant delivery, effortless ordering, one-step checkout, easy payment methods. They provide growth, efficiency and increased revenue to the restaurants and hotels. So, online food ordering is surely creating a bright future for the food industry.

Are you willing to take advantage of these apps? Contact Biz4Solutions, top On-Demand App Development Company! We have a rich experience in developing on-demand solutions for worldwide clients and already developed 100+ on-demand apps.

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