Contributors Day is a prominent event for the whole team as we not only celebrate the year’s achievements, but also award the best of the best. It is a time to pause and recognize the individuals whose dedication, creativity, and teamwork have made a lasting impact on our success.
The following nominees have been identified by their peers for their outstanding contributions across several key categories. Here are the people who, in 2025, helped make the unicrew what it is today:
Teammate of the Year
This award honors those who consistently demonstrate exceptional teamwork, collaboration, and a willingness to support their colleagues. This year, we have two incredible nominees who exemplify what it means to be a true team player:
Roman Tatusko, Tech Lead, and Vladyslav Barsienko, Software Engineer
Their commitment to fostering a positive and productive work environment makes them truly deserving of this recognition.
Heart of unicrew
This award goes to the individual who embodies the spirit of our company, consistently demonstrating passion, dedication, and a commitment to our collective success and well-being. This year, the nominee who truly has the “Heart of unicrew” is:
Olha Rybak, Operations Specialist
Olha’s unwavering positive attitude and genuine care for our community make her an invaluable member of the team.
Growth Champion
The Growth Champion award recognizes an individual who has shown significant personal and professional development, consistently seeking new knowledge and skills, and inspiring others to grow alongside them. Our nominee for this year’s Growth Champion is:
Artem Honcharuk, Business Development Manager
Artem’s dedication to continuous improvement and his proactive approach to learning are truly commendable.
Client Champion
This award celebrates the person who consistently goes above and beyond to ensure our clients’ success and satisfaction. They are the voice of our clients within the company, advocating for their needs and building strong, lasting relationships. This year’s Client Champion nominee is:
Sofia Hrynovets, Project Manager
Sofia’s commitment to exceptional client service sets a high standard for us all.
Unity Award
The Unity Award is presented to an individual who fosters collaboration, inclusivity, and a sense of belonging within our diverse team. They are a unifier, bringing people together and strengthening our collective spirit. Our nominee for the Unity Award is:
Uliana Hrabovska, Chief Accountant
Uliana’s ability to connect people and build bridges across teams makes her a true asset to our unicrew.
Innovation Champion
This award recognizes an individual who consistently brings new ideas, creative solutions, and innovative approaches to their work, pushing boundaries and driving progress. We have two outstanding nominees for Innovation Champion this year:
Andrii Burda, Senior Engineering Manager and Roman Tatusko, Tech Lead
Both Andrii and Roman have demonstrated a remarkable ability to think outside the box and inspire new ways of working.
Leadership Star
The Leadership Star award honors an individual who demonstrates exceptional leadership qualities, inspiring and guiding their colleagues, and empowering them to achieve their full potential. This year, our Leadership Star nominee is:
Artem Honcharuk, Business Development Manager
Artem’s natural leadership, mentorship, and vision have made a significant impact on his team and beyond.
A huge congratulations to all our nominees! Your hard work, dedication, and incredible contributions are what make unicrew such a special place to work. We can’t wait to celebrate with you all on Contributors Day 2025 and recognize these outstanding achievements. Stay tuned for more details on the big day!
At unicrew, we believe that our people are the cornerstone of our success. To recognize the incredible talent, dedication, and hard work of our team, we recently held our annual Employee Awards. This year, nominees were selected through team votes, making the awards even more meaningful as they reflect the collective admiration and respect of peers. Let’s shine a spotlight on the winners in six key categories and celebrate their remarkable achievements.
Delivering exceptional value to clients is at the heart of everything we do at unicrew. The “Client Champion” award honors an individual who consistently goes above and beyond to understand client needs and deliver outstanding results. This year, Andrii Vilgutskiy stood out for his unwavering commitment to excellence and his ability to build strong, lasting relationships with clients. Congratulations, Andrii, on this well-deserved recognition!
Growth Champion: Ihor Pryduvus, Head of Global Service Delivery Office
Continuous growth and improvement are essential for success, and the “Growth Champion” award acknowledges a team member who exemplifies this mindset. Ihor Pryduvus’s strategic vision and relentless pursuit of excellence have played a pivotal role in expanding unicrew’s service capabilities globally. His efforts have not only elevated our service delivery but also inspired his colleagues to aim higher. Kudos to Ihor for leading by example!
Leadership Star: Sofia Kirichenko, People Operations Manager
Great leadership inspires teams to achieve extraordinary things, and the “Leadership Star” award celebrates those who guide with empathy, vision, and determination. Sofia Kirichenko has been a beacon of leadership at unicrew, fostering a supportive and engaging workplace environment. Her ability to lead with both heart and strategy has made a significant impact, earning her this prestigious award. Bravo, Sofia!
Innovation drives progress, and the “Innovation Champion” award recognizes someone who consistently pushes boundaries to find creative solutions. Yaroslav Havryliv’s forward-thinking approach and passion for innovation have resulted in groundbreaking contributions that have propelled unicrew’s engineering excellence to new heights. Thank you, Yaroslav, for your inspiring work and ingenuity!
Teammate of the Year: Volodymyr Andriienko, Senior Software Engineer
Teamwork makes the dream work, and the “Teammate of the Year” award celebrates a colleague who embodies collaboration, support, and camaraderie. Volodymyr Andriienko’s unwavering positivity and willingness to lend a helping hand have made him a beloved member of the unicrew family. His dedication to uplifting those around him makes him truly deserving of this honor. Way to go, Volodymyr!
Heart of unicrew: Sofia Kirichenko, People Operations Manager
The “Heart of unicrew” award is the pinnacle of recognition given to an individual whose passion, dedication, and contributions epitomize the company’s values. This year, Sofia Kirichenko’s unparalleled commitment to our team and culture earned her this esteemed title. Sofia’s impact extends far and wide, making her an irreplaceable part of unicrew’s journey.
A Round of Applause
To all our winners, thank you for your hard work and dedication. You inspire us every day to strive for greatness and uphold the values that make Artelogic an exceptional place to work. To our entire team, thank you for contributing to our success and helping us achieve our vision. Here’s to another year of collaboration, innovation, and excellence!
High-performing software projects aren’t just lucky. A Project Management Institute (PMI) study found that high-performing projects are 2.5 times more likely to manage risks proactively than low-performing projects. In this unicrew blog post, we will explore the importance of risk management in software engineering, the key components and techniques, and some best practices and tools for effective risk management.
In Software Engineering, risks are everywhere – lurking bugs, changing requirements, and unforeseen challenges. Risk management isn’t about predicting the future; it’s about being prepared for anything. It’s like shining a light into the dark corners of your project, uncovering potential pitfalls before they become insurmountable obstacles. By identifying, assessing, and mitigating risks, you can confidently navigate the ever-changing landscape of software development.
What is Risk Management in Software Engineering in Short?
Risk management in software engineering aims to:
Identify the potential risks that could affect the software project, such as technical, project, or business risks.
Assess the likelihood and impact of each risk on the project’s objectives, schedule, budget, quality, or safety.
Prioritize the risks based on their severity and urgency.
Develop and implement strategies and actions to mitigate or eliminate the risks or reduce their adverse effects.
Monitor and control the risks throughout the project lifecycle and update the risk management plan as needed.
Risk management in software engineering is not a one-time activity but a continuous and iterative process that requires the involvement and collaboration of all project stakeholders, such as software engineers, project managers, customers, users, and sponsors.
Why is Risk Management Important in Software Engineering?
Statistics paint a grim picture: Project Management Institute (PMI) studies show that up to 60% of software projects fail to meet their initial objectives, with risk management deficiencies being a major contributing factor. “These failures can lead to significant financial losses, reputational damage, and lost opportunities,” adds Oleksandr Trofimov, Chief Technology Officer at unicrew. Implementing a robust risk management framework can drastically reduce these risks, allowing teams to:
Identify and prioritize potential threats before they escalate into major problems.
Develop proactive mitigation strategies that minimize the impact of these threats.
Allocate resources efficiently and make informed decisions based on real-time risk data.
Improve communication and collaboration across project stakeholders.
Boost team morale and productivity by creating a sense of control and preparedness
How to Do Risk Management in Software Engineering?
As Ihor Prudyvus, Engineering Director at unicrew, aptly stated, “Risk management is an ongoing process, not a one-time event.” While numerous methods and techniques are available, they all contribute to a continuous process aimed at identifying, analyzing, mitigating, and controlling potential pitfalls throughout the entire software development lifecycle.
This iterative journey typically unfolds across four key stages:
Risk Identification
Risk identification is the process of finding and documenting the potential risks that could affect the software project. It involves:
Reviewing the project scope, objectives, requirements, specifications, design, and implementation.
Consulting the project stakeholders, such as software engineers, project managers, customers, users, and sponsors, to elicit their expectations, concerns, and assumptions.
Analyzing the project environment, such as the technical, organizational, or business context, to identify the external factors that could influence the project.
Using various techniques, such as brainstorming, checklists, interviews, surveys, or historical data, to generate a list of possible risks.
The output of risk identification is a risk register, which is a document that records the identified risks and their characteristics, such as name, description, category, source, and owner.
Tips from experts:
Carefully analyze whether it is worth treating as risks for any adverse events that happen in every project, like minor miscommunications, staff burning, emotional issues, or temporary issues in finding the best engineering solutions.
First of all, develop the scale of importance of possible events, keeping in mind that not each one could be regarded as a risk for the project; otherwise, the fear of the risks can bind the team’s creativity and flexibility. The real risks are the detrimental events or circumstances that can’t be handled easily or can’t be handled at all; everything else is simply a temporary issue requiring the application of PM managerial skills.
Risk Analysis
Risk analysis is the process of evaluating the likelihood and impact of each identified risk on the project’s objectives, schedule, budget, quality, or safety. It involves:
Estimating the probability of occurrence and the severity of consequences of each risk, using quantitative or qualitative methods, such as expert judgment, historical data, statistical analysis, or simulation.
Calculating the risk exposure, which is the product of probability and impact, to measure the potential loss or damage caused by each risk.
Prioritizing the risks based on their risk exposure, to determine the order of attention and action.
The output of risk analysis is a risk matrix, which is a table that shows the risk exposure and priority of each risk, using a color-coded scale, such as low, medium, or high.
Tips from experts:
Involve the entire team to evaluate the risks and prioritize them. It is better to schedule a special meeting and collect the various opinions. Consider that the approaches and visions of technical and non-technical team members can differ, and PM has an opportunity to understand each of their ways of thinking. It could be helpful in the future when a team struggles with obstacles and risks.
Risk Mitigation
Risk mitigation is the process of developing and implementing strategies and actions to reduce or eliminate the risks or their negative effects on the software project. It involves:
Choosing the most appropriate risk response strategy for each risk, based on the risk exposure and priority. The common risk response strategies are:
Avoidance: eliminating the risk by changing the project plan, scope, requirements, design, or implementation.
Reduction: decreasing the probability or impact of the risk by applying preventive or corrective measures, such as testing, verification, validation, or quality assurance.
Transfer: shifting the responsibility or impact of the risk to a third party, such as a contractor, a vendor, or an insurer.
Acceptance: acknowledging the risk and its consequences and preparing a contingency plan or a reserve fund to deal with it if it occurs.
Defining the specific risk mitigation actions for each risk, such as tasks, activities, resources, or deliverables, and assigning them to the responsible persons or teams.
Integrating the risk mitigation actions into the project plan, schedule, budget, and quality plan, and communicating them to the project stakeholders.
The output of risk mitigation is a risk management plan, a document describing the risk response strategies and actions and their roles, responsibilities, and timelines.
Example of Risk Mitigation Plan:
Risk
Type of risk
Triggering event
Mitigation Actions
Owner
Undefined Product features
External
Requirements aren’t explicitly defined / no stakeholder confirmation before the sprint starts.
Drafted estimation for prolonged pre-development / requirement elicitation scope, relevant communication with stakeholders
PM
Uncertainty about tech stack
Internal
Too many objections regarding the initial tech stack / Unproductive discussion within the engineering team
Define the tech supervisors and involve them in selecting the architecture blueprint and tech stack.
Team Lead
Risk Monitoring and Control
Risk monitoring and control is the process of tracking and reviewing the risks and their management throughout the software project lifecycle. It involves:
Measuring and reporting the status and performance of the risks and their mitigation actions using various indicators, such as risk exposure, risk occurrence, risk resolution, or risk impact.
Evaluating and updating the risk register, risk matrix, and risk management plan based on the actual project progress, changes, or feedback.
Identifying and managing new or emerging risks or changes in existing risks using the same risk management process.
Learning and improving the risk management process by capturing and documenting the lessons learned, best practices, and recommendations for future projects.
The output of risk monitoring and control is a risk report, which is a document that summarizes the risk management results, outcomes, and issues and provides suggestions for improvement.
Best Practices for Risk Management in Software Engineering
“Risk management in software engineering is not a trivial or easy task, but it can be facilitated and improved by following some best practices and using some tools that I recommend,” said Ihor Prudyvus, Engineering Director at unicrew:
Involve and engage all project stakeholders in risk management to ensure their participation, contribution, and commitment.
Start risk management as early as possible in the software development lifecycle until the project’s end to prevent or minimize surprises and crises.
Use appropriate and reliable techniques and tools for risk identification, analysis, mitigation, and monitoring, such as brainstorming, checklists, interviews, surveys, historical data, expert judgment, statistical analysis, simulation, testing, verification, validation, and quality assurance.
Document and communicate the risks and their management clearly and consistently, using various formats, such as risk register, risk matrix, risk management plan, or risk report, and share them with the project stakeholders regularly and timely.
Review and update the risks and their management frequently and periodically to reflect the current project situation, changes, or feedback and to identify and address new or emerging risks.
Learn and improve from the risk management experience by capturing and documenting the lessons learned, best practices, and recommendations for future projects.
Additional three tips:
Promote a Culture of Risk Awareness: Encourage open communication about potential risks and empower team members to participate in risk management activities.
Regularly Review and Update Risks: As your project progresses, new risks may emerge, and existing risks may change in severity. Regularly review your risk register and update it accordingly.
Learn from Past Experience: Analyze past projects and identify recurring risks. This knowledge can be used to mitigate similar risks in future projects proactively.
Top 5 Tools for Risk Management in 2024
Risk management software, such as Microsoft Project, Jira, and RiskyProject, can help organizations identify, assess, and mitigate risks more effectively.
But is there other IT risk management software for managing risks? We have some ideas. Here are the top 5 tools for risk management in software engineering:
ServiceNow excels at handling high-impact risks with its comprehensive features and scalability.
Pros:
Robust risk management for software features
Scalable for large projects and organizations
Comprehensive risk mitigation and response planning
Cons:
Complex and expensive, unlike other risk management systems
May not be suitable for small or simple projects
Additional factors to consider about software for risk management
Team size and expertise: Some risk management softwares are more user-friendly than others, and the size and expertise of your team will influence your choice.
Project complexity: Complex projects may require more advanced features and customization options.
Budget: Tool prices vary significantly, so consider your budget and available resources.
Management risk software empowers software engineering teams to navigate the complexities of modern software development with greater confidence and control. Remember, the best risk management and compliance software tool for your team will depend on your specific needs and preferences. I recommend trying out free trials or demos of different tools to see which one works best for you.
Conclusion
Risk management isn’t just about avoiding disaster; it’s about unlocking a new level of software development efficiency and success. It’s about empowering teams to work smarter, not harder, and ultimately, to deliver projects that truly delight their users.
By following a systematic and structured approach and using appropriate and reliable techniques and tools, including risk manager software, software engineers can identify, assess, mitigate, and monitor the risks throughout the software development lifecycle, optimize the use of resources, improve communication and collaboration, and enhance customer satisfaction.
Don’t wait. Take the first step towards risk-free software development now!
The coronavirus pandemic that is currently ravaging the world has affected the enterprise drastically and also caused disruption on how business operations are carried out.
The pandemic has also resulted in new risks, challenges, and rules for companies to address in their ways. At present, so many organizations are forced to ramp down their operations and cut costs, while employees are meant to work remotely from home. On the other side, a few firms are already overwhelmed by the growing demand for their services and are finding it challenging to meet up with customers’ expectations.
One major challenge that companies are currently facing is the shift to work from home. This is because they are entirely new to this development and are finding it difficult to adjust to the new reality. However, one industry that has historically developed good practices of working from home and is used to remote work is the IT outsourcing industry. Despite the pandemic, the IT outsourcing industry proved to be capable of transforming software development operations towards the reality of a completely remote world.
Overview of the IT outsourcing industry
The IT outsourcing industry is a flourishing and growing field that helps businesses cut costs and scale up their services while working remotely. At present, quite an extensive number of companies have realized the benefits of outsourcing internal IT projects to remote dedicated teams. Due to this, there is a lot of demand for software development services. IT outsourcing firms now work endlessly to fulfill clients’ needs because businesses are adopting cloud services and their applications to scale up, connect, and collaborate with their employees and customers.
In addition to this, companies are now partnering with IT firms to strengthen their security and stay-away from hackers and cyber-attacks; this is because working remotely comes with its own challenges and set of worries, especially in regards to the security of enterprise data and customers’ information.
While outsourcing can be organized in many different ways, most of the organizations are taking advantage of the nearshore software development offers to stay competitive and make profits at this critical time.
What is Nearshore software development?
Nearshore outsourcing involves delegating software development related tasks to neighboring countries in order to cut costs and have operational expenses kept under control.
Nearshore software development offers so many benefits that include the use of similar languages, cultural proximity, and convenience in time zone. Beyond that, just some of the benefits of outsourcing software development projects to nearshore companies include the following:
Access to a vast talent pool
Nearshore outsourcing provides companies with access to a huge global talent pool. This is very beneficial to businesses that lack access to in-house software development experts. However, when you outsource your software development to a skilled workforce in other parts of the world, you have peace of mind knowing that your development processes are in the hands of people who are skilled in the field and know how to help you digitalize your business to stay on top of the game during the COVID-19 pandemic.
Increased scalability
Nearshore outsourcing allows a business to hire a scalable remote dedicated team that acts as an extended team (or staff extension, in other words) for a fixed period without hiring in-house employees. This is very important for some one-off projects. However, with a nearshore software development firm, you get to save a lot on operation costs while improving productivity.
Cost-effective and improved security
Outsourcing your software development saves you a lot of money that would have been used on operational expenses like staff salary, benefits, and administration. In fact, nearshore outsourcing helps you get the best talent at a low price when compared to what you would have spent in hiring full-time employees. In addition, outsourcing your software development projects also leads to improved security, which is of great importance in every business that wants to stand out, especially at this time when the rate of cyber attacks on small and medium scale businesses are on the rise.
Drastically mitigate risk
As an organization, putting all your eggs in one basket increases risks. However, dividing your operations and dedicating them across different outsourcing firms can help you mitigate risks drastically. However, you must conduct in-depth research about vendors before outsourcing your software development task to them.
Drive digital transformation
Nearshore companies also help to drive digital transformation, which has become a necessity for all businesses – small, medium, and large – that aspire to be successful in today’s business landscape. Businesses that hope to stay afloat, especially at this coronavirus era, need to save costs, improve user experience, and deliver top-notch services ASAP.
Digital transformation is a wave that won’t be receding anytime soon as delivering a great digital business experience to clients and staff can only be achieved via the deployment of these emerging technologies. There is a sense of urgency that digital transformation inspires—businesses that do not adapt to digital transformation risk losing their spots to startups that are digitally savvy. With the capabilities of AI and its gift of automation, these startups are now more efficient and productive regardless of their size and finances.
The Role of nearshore software development firms in Digital Transformation
Although the process of digital transformation can be seamless, combining the best hands through nearshore outsourcing can help you get the best and cost-saving results. However, for your digital transformation journey to be compelling, there must be a balance between in-house staff and the service providers. This is to ensure that digital transformation does not result in waste and also meets up with organizational goals.
In addition, to harness the power of digital transformation, jobs and processes must be clearly defined, because most times, it isn’t possible to outsource all roles. If the scope of the job that needs to be automated is small, organizations can simply take the stride and work on the task as far as the right technology to adapt is made available. However, if the automation is required on a large project, then there is a need for deliberate and substantial change management.
Outsourcing such jobs to people with specialized skills can help the enterprise move forward and also realize a positive business case. Due to this, virtually all large organizations outsource their software development services to remote dedicated teams to get the job done and produce immediate results.
Conclusion
Businesses must keep in mind that the COVID-19 pandemic will come to an end someday. Therefore, it is critical for organizations to return to the status quo immediately. Nearshore software development services and remote dedicated teams can help organizations to stay competitive in their business environment in the aftermath of the COVID-19 pandemic while saving cost and driving innovation. Instead of hiring full-time employees and paying salaries, which is cost draining and inflexible to the nowadays volatile world, working with software personal as staff extension can enable your business to pick up quickly and return to the original positions after the coronavirus era.
Unicrew is a full-scale web and software development firm with 8 years of experience, presence in 2 continents & representation in Silicon Valley, Singapore, & headquarter in Ukraine. Our primary goal is to use human relations and information technology to shape your business into its quintessential form. We utilize commercial grade software to not only solve challenges but create opportunities for your business. In an age of meticulous software development that requires a complex understanding of expectations and latent needs, our team gets straight to the point to help deliver software solutions in time, on budget, and in accordance with stakeholders’ expectations.
Unicrew values nothing more than the uncompromised satisfaction of our clients and we have demonstrated our competence in the field of software development over the years, being recognized by reliable ranking websites such as “Top App Development Companies” and “Clutch.”
This year, we are excited to share that we have been recognized by Clutch in their 2019 leader awards as one of the top .NET developers on their platform.
Clutch is a leading research firm that provides verified ratings and reviews for vendors in dozens of industries, aiming at helping businesses form more beneficial partnerships with each other. If you look closely at clutch’s leader’s matrix, a tool offering a broad view of the top-performing companies in a particular industry or location, you can see that Unicrew has specifically been ranked the 9th .NET developer.
This is a commendable feat, as the Clutch team uses complex analytics and objective data to rank a company. This is also impressive considering that we were competing with 991 contending firms for a position in the top 15 in order to be featured on the leader’s matrix. The leader’s matrix is based off of a company’s ability to deliver and industry focus. Ability to Deliver includes the company’s client reviews, past work, market presence, and prestigious awards. Focus is a company’s level of specialization in a given service. Take a look at a snapshot of our companies’ placement in the “Market Leaders” category of the leader matrix below!
Of all the factors that Clutch considers when evaluating a firm’s ability to deliver, the verified client reviews are the most important. Thanks to our satisfied customers, we have a whopping 21 reviews on our profile with a perfect five-star rating. The uniquely styled questionnaire that Clutch has developed has prompted our clients to share informative, holistic feedback like the following:
“Unicrew’s overall efficiency created high value for cost. The team’s outsourcing implementations were timely, and their technical skills were both impressive and reliable. Clear communication and supportive service made the partnership a smooth experience.” – CEO, Digital Solutions Company
This type of feedback helps our team identify what our clients appreciate most about our work, or in other words, what practices we should continue in our daily processes; and what behavior needs improvement. Our reviews have been very positive so far; however, we are excited to see what our clients will share with us in the future and are eager to improve our methodologies.
We have also been on Clutch’s sister-site, TheManifest, in their 2019 ranking of the 50 top .NET developers. The Manifest helps firms of all shapes and sizes identify and address their industry challenges by providingcurated advice and tutorials for a wide array of processes and practices.
In addition, due to our flawless portfolio work, we have been fortunate enough to receive recognition on Clutch’s other sister-site, Visual Objects. Visual Objects is a platform for branding agencies, developers, and other creatives to showcase their work in order to give potential clients an opportunity to see first-hand what a finished product will look like and its quality. We are excited to announce that visual objects has listed Unicrew as one of their 2019 leading web developers.
Our team extremely proud of our continued efforts and everything we have accomplished so far. We not only take pride in satisfying the needs of others, but we also elicit great joy and fulfillment from our work. As one of our top developers says, “Never fall in love with your product or a company, remember that your users and clients should always be your true love”. Our company lives by this motto and we are truly grateful for and love all of the people who have helped us along the way. From our clients to the members of our team, everyone has had a vital part to play in our success and we eagerly await new challenges!
The niche of proptech is currently striving as never before. The real estate industry gradually gets a hang of advanced technological solutions, which allow multiplying the global value of real estate services. Companies are fast to employ whole departments of proptech experts, who would implement software solutions to fit the niche and help businesses catch the ‘hype wave’. Let’s take a look at some innovative tech solutions that will help you get into the proptech software competition.
Proptech keeps rocking the entire real estate industry. In fact, proptech means the application of all the cutting-edge technologies for trading real estate objects in a more efficient way. Besides trading, it also has an impact on building, utilizing and leasing property.
As mentioned above, the industry adopted this trend in an excellent way. Statistics and surveys show that proptech attracts not only attention but also talents and finances:
Let’s find out what types of proptech apps may drive your business, which startups succeeded in 2018, and what technologies to employ to develop a solution that will renovate the industry as we know it.
3 Successful Examples of Proptech Startups
When planning to start or upgrade your real estate business, or thinking over an excellent programming solution for the industry, you have definitely faced some questions. What kind of solution should it be? Which type of software will be the most profitable? In this rapidly developing sphere, there are a lot of options. Thus, we have prepared a proptech products categories list:
Facilitating products;
eCommerce platforms and marketplaces;
Real estate web and mobile apps;
Social products;
IoT elements;
Construction and design apps, etc.
Still, there is no better way to get to know the proptech industry than taking a look at its most successful startups. Here is a brief overview of several of the most successful projects in the USA:
WeWork is one of the most successful proptech startups that bring together people who can design a lovely workspace and those who need to refresh their environment. The company also provides great co-working spaces and amazing offices in several locations worldwide. However, business isn’t always flawless: in 2018, the company’s founders claimed their net loss was nearly as high as the revenue.
Airbnb was one of the pioneers of the proptech galaxy. The tool allows finding accommodation for a short stay. Hotel rooms, entire apartments and even castles are available. You can find more than 4 million listings worldwide on this platform!
The company delivered a mobile app for property industry representatives. The solution simplifies the realtors’ job and automates routine tasks. On the company’s website, one can find properties in 20+ locations all over the US.
5 Key Technologies That Speed up Proptech Industry Development
Among the many aspects stimulating industry growth, we defined those which have the greatest impact in 2019:
Space as a Service. This is a new model that embodies the following principle: a landlord does not just provide tenants with property they need but also offers a full spectrum of services to use it efficiently. Here, we mean everything from space design to cleaning services.
As you can see, in this case, the role of a landlord transforms completely. Now, one does not simply allow others rent a space in a businesses center but also provides all the services for making the tenants feel comfortable utilizing the property’s features.
A few lines above, we mentioned the WeWork startup that is based on this model. Its investments and revenue are more proof that the Space as a Service approach is worth your attention.
5G Modifies the Game Rules. Information has become highly accessible. The possibility to reach out to everyone you want, from wherever you want, has changed the consumers’ demands. Now, people expect lightning-fast connection to be available at home, at the office, in shopping malls and on the streets.
Proptech business owners and enthusiasts should take into account the changes 5G connection brings. Industry followers and builders should construct assets that are able to adapt to 5G technologies seamlessly. Software engineers, in turn, should develop programming solutions that will be able to support 5G. At the same time, both physical and digital products should meet the tenants’ and users’ needs in the best way.
Virtual Reality and Proptech. Before renting an apartment, you’ll want to see it. This requirement gets even more critical when you plan to buy property. Each visit may take a lot of time, but opportunities provided by virtual reality take care of this problem.
Virtual Reality in real estate technologies allows potential tenants or buyers to have a lovely walk around the apartment without leaving their homes or offices. There are 2 options available:
A 360-degree video built with panoramic photos;
An interactive tour around the property.
Integrating such features into a typical real estate app, you even can allow tenants to have real-time conversations with realtors or property owners.
Another great example of how VR improves proptech is architecture visualization. It is hard to sell a house that doesn’t even exist yet. With the help of VR, property owners can get the opportunity to present it to potential buyers before it is constructed.
Smart assets for a better experience. In the global perspective, each real estate object will become an element of the IoT network at one point. Thus, developing your vision of a brilliant proptech solution, keep in mind several points:
Automation. The future is about the minimization of routine actions and focusing on those which require attention. This is why a well-thought-out fully-equipped smart property is in trend right now. Technologies for automated doors, windows, household appliances drive the industry development.
Integration. Integration is crucial. Building a property technology app, take care of integration features and allow your customers to synchronize it with their system seamlessly.
Smart assets. For example, drones will come in handy when developing a panoramic view of a landscape around the property. Smart assets can contribute to security features and provide even more convenience to potential tenants or buyers.
Big Data. There are myriads of objects on a real estate map of the world, and a single system that stores the information about all of them doesn’t exist. However, consumers expect to get a response to their queries about apartments available in a certain region immediately.
Thus, you, as a proptech enthusiast, need to develop a system that can collect and process data, as well as provide the needed answer as fast as possible. How do you reach the highest speed? Big Data is the answer. A big data engineer can contribute to your project and accelerate data processing.
3 Features to Improve Your Proptech App With
Now that you are aware of technologies for proptech industry, it is time to decide on the functionality your app should include. We analyzed the most popular products and defined the following features:
Geolocation. Integration with Google Maps is required. Provide the exact location along with tips on how to get there to improve the experience.
Payment options. These days, it is not enough to offer Visa and MasterCard for payment options. Implement other methods like Paypal or even consider cryptocurrency for this purpose.
Chatbots. No matter what software product you plan to launch, interaction with users is important. To provide immediate answers and basic information, try chatbots and watch the number of satisfied app’s users grow.
In Conclusion
Follow these principles to launch a viable proptech tool:
Always keep in mind typical demands and users’ expectations;
Keep a hand on the pulse of modern trends and technologies;
Deliver bugless products with intuitive design;
Improve functionality constantly.
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Unicrew is featured among Global Leaders 2017 in the web and software development space at Clutch, an independent B2B research, ratings, and reviews firm.
The research is based on verified clients feedback and expertise metrics, and names top performing web and software developers. As it is mentioned at Clutch, to identify leaders, they use the methodology which evaluates companies on their ‘industry expertise’ and ‘ability to deliver.’
For the determining industry expertise, the platform measures such criteria as services offered, client base, case studies, awards received, social media presence. While the ability to deliver is evaluated by the clients’ review. It is conducted as a personal interview between Clutch business analyst and a client reference.
Though software development is a huge field, Clutch has performed a very extensive research, making us be especially proud to be presented as a leading provider amongst so many strong companies.
A B2B research, ratings, and reviews firm in the heart of Washington, DC, Clutch connects small and medium businesses with the best-fit agencies, software, or consultants they need to tackle business challenges together and with confidence. Clutch’s methodology compares business service providers and software in a specific market based on verified client reviews, services offered, work quality, and market presence.
They say you will never understand a man until you walked a mile in his shoes. A couple of weeks ago we needed financial advice and service. That was a professional consultation on how to pay taxes in the US to be sure we are on the same page with rules and do not misconstruct them. We published a request online and within one day received, just imagine, two hundred and something offers. Yes, surely that was not the first time of outsourcing for us, but two hundred and something, and we had to make a choice!
Being a cofounder of the IT business and someone who has been working with many businesses for more than 9 years, I am aware of the competition rates in our field and all the challenges IT vendors face while applying for a contract. But at that moment, we were the ones who had to decide with whom to partner and to whom say thank you for the offer.
We have read every letter and offer as knew that behind each of them there was a person or a team who’d put some efforts to succeed. Someone more efforts, someone less. After a day of reading and evaluating, we felt walking in our clients’ shoes. But I would say we have learned much from that. We had this feeling, what on earth are our clients are thinking about when they’ve received hundreds of offers.
Nothing new in this story, just a well-known statement is repeated once again. Be sure, if we all spent a day in our client’s shoes, we would improve the skills to understand each other and to be more effective on both sides of the deal. This is a win-win deal for both.
Do you think we have made a big opening on how to choose a vendor and will share a secret key with you? That is not so, as well as it is impossible to reinvent a wheel. Intuitively we all know how to. After all, we have decided on working with a team who approach our request thoroughly. They were the last ones we received the offer from. I do not know whether the reason was they spend some more time to visit our website and learn more about us, but the quality of communications and then the experience they have was the one we expected. I was reading the letter which was addressed to us and I could clearly understand what benefits and values they would bring to our company. In other words, what I will pay for.
At that moment, I remembered one my colleague who pays high attention to the CV cover letters, when hiring an employee for his department. He said the more clearly specialists can express their thoughts, the more effective people they are. It is simple, but true. Translating this into a business language, if you can provide service of a high quality, you should be able to deliver a message to your client in an appropriate manner too.
To make a long story short, I’d say Unicrew is on the right way paying so much attention to the communication at each level of software development cycle. Transparency, trust, and interaction are our baseline. Otherwise, no one will know how good you are in software developing.
To that end, we have only one advice. If you are an IT executive of a large or a small business, your company is probably among those, that outsource IT service or are looking for a technology partner. Each time you have such need, ask, should it be like an outsourcing or rather a partnership, bringing business value to your table?
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