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About Intellica

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At Intellica we are on the forefront of an incredible market opportunity with life changing technology.

Founded by open-minded entrepreneurs, our team of cloud computing, big data, software development, and information security experts provides professional services and end-to-end solutions for midmarket and enterprise customers.

Our expertise includes variety of fields proved by successful projects and customer references, including migrating applications and data to cloud environments, software development consulting and project management, building and managing cloud infrastructures, social data analytics, solutions for digital banking, and many others.

5 rules getting good results working freelancers

Reading this article, I understand that you have matured to hire remote employee. And it is not surprising. Freelance is increasingly gaining momentum every year. People refuse from offices to devote more time to themselves. But how to build the work with a freelancer and feel a pleasant «aftertaste» from this cooperation? Let’s see.

#1 Check the freelancers’ professionalism, or “How not to buy a pig in a poke”

You should always remember that one bad remote employee can destroy the whole project. There are many cases when some candidates ascribe in their CVs the skills that they do not have. How to check their qualification?

Frequently developers offer you their portfolio with screenshots of websites and mobile apps. Keep in mind it is a design not developed by them, and requirements specification, which also was not written by them. The real programmers’ portfolio can only be a code. That’s why we recommend you to give a freelancer a small task. It will give the opportunity to test at once his speed, quality and result. Also during the conversation ask the questions. After all, if you asked, “What is the difference between php and asp?” someone answers, “Ummm … in fact nothing”, run away from him:)

#2 Clearly formulate tasks. Make changes in time. Overall never put off till tomorrow what you can do today

Customer often seems that some conditions are not necessarily to discuss, because it is self-evident things. It’s a big big mistake. You must negotiate and agree the most obvious conditions, clarify smallest details before the start of your cooperation. This applies to requirements specification, making various kinds and amount of edits, the evaluation criteria and the conditions of adoption of work, terms of payment, time for the task. Remember that your employee – a remote worker. And you will not be able to tell him every five minutes what do you want, what do you think or what changes he should make.

#3 Working from home requires discipline, or how you should manage your remote worker

Freelancer has no clear timetable; he chooses a convenient time for himself.

Freelancer can work not only on your project

Freelancer rapidly lose interest and motivation to work.

In addition, the freelancer has a huge amount of distractions.\

Do not be afraid. Everything can be under the control, if you remember a few things.

Firstly, always ask, in what period of time the candidate is free and how many hours a day he is ready to spend on your project.

Secondly, it is not bad when freelancer employed somewhere else. More importantly, he can adequately assess his resources and abilities. Not everyone is able to work effectively for 14 hours a day. Isn’t it?

Thirdly. Freelancers quickly lose motivation, so they should not be boring. You can try to start with small tasks and gradually increase the volume. Thus you involve him in the project and give him an opportunity to develop.

And finally. It is unlikely that you can influence the time spent for social networks, tea, coffee, chat with friends… How to do the right thing. We advise you to use such version control systems as the Git and others, to see how much of code the developer has written.

#4 Just about the main thing. Money

Ironically, until now there are a lot of cases when customers delay the payments to contractors. You (yes, you) have set the task to the freelancer, agreed on a price and the methods of payment. Do not take on liability about payment, if you can’t fulfill it.

A very good way to relieve the risks for both sides – the phased execution of the work and step-by-step payment (phase duration – one to two weeks). The customer sees the progress and interim results, and a freelancer regularly receives money and understand that the customer is solvent and he does not deceive.

#5 “Freelancer and the customer, make friends!” The rule about how to trust your remote worker

If all of the above taken into account, freelancer is selected, the work is started, trust him. Point, hesitate, express your opinion, but do not demand. So the work will go much smoother, it will be easier for both sides, and the result will be better soon. The most likely candidate works with the required technology not the first year and does it very successfully. Also, given his experience, fresh and unbiased view on your project, he can offer you an alternative solution of the problem. And sometimes, this option can be very sensible.

Trivial example: you know how teeth should look like, but you don’t tell the dentist how to work. Catch it?

However, if you are still in doubt, please contact us. We are ready to provide you with a proven and reliable freelancer, because we believe in the success of your project!:)

Read more: http://intellicagroup.com/blog/

Funding in Startups. Investors- Venture Capitals, Seeds, Angels etc-

An average startup, if all goes well, gets about $15,000 from family and friends, about $200,000 from an angel investor three months later, and about $2 Million from a VC another six months later. Below is a picture describing how funding in startups works. And funding always implies equity and stock split. The basic idea behind these definitions is the splitting of a pie.

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When you start something, your pie is really small. You have a 100% of a really small, bite-size pie. But once your idea gets funding support and becomes the value and a really big fish – it involves more people and efforts. And now you own just a small slice. A small slice but of a really big pie.

Stages of funding:

Idea stage includes one founder only. Potential 100% of equity belongs to him. He doesn’t have any prototype of his idea yet as well as money for its creating.

Funding: no.

Co-Founder Stage – development of the idea with one of soulmates in exchange for a sweet slice of a pie. Co-founder gets 50% of shares.

Funding: no.

Family and friends stage – transforming an idea into a physical prototype through first investments. On this stage first appears an Angel definition – someone who puts his own finance on early stage. Family and friends can invest some money in startup’s idea and become Angels. After all, to make a prototype money are required.

Funding: usually $25,000 to $150,000. You give your first investor % of the company in exchange for given cash.

The Seed Round* – a term for a formal pre-series A round. Not to run out of money startup begins to look for new sources. They can become:

Incubators, accelerators, and “excubators” – places which provide cash (about $25,000 (for 5 to 10% of the company), working space, and advisors.

Angels in fact – “sophisticated investors” who are ready to invest in such risky projects and also become Angels. These investors might be wealthy, well-connected individuals who are taken a personal liking to the product or a whole group of angel investors who club together to fund startups. Angels make their own decision about the investment, and in return for providing personal equity they take shares in the business. Typical size of investment can be anywhere from $10k to $1mn. Sweet spots are $100k-400k. They tend to not care so much about control and would love to help whenever they could.

Funding: <$2mln. Angel gets 15-20% of shares.

*Seed funding can be also made VCs as well as angels putting in a small check (compared to their typical size). Typically, it’s a sub $2mn round.

Series A (Venture Capital Round). Usually involves the whole firm which includes professional investors, board members, and people whose job is to help your business develop – Venture Capitals. They have variety of material sources – corporations and individuals, private and public pension funds, foundations – whose capital can be involved to grow startup. The job of venture capital firms is to find businesses with high growth potential. The firm take shares and has a say in the future of the company and its running.

After a period of time, often years, the venture capitalists sell shares in the company back to the owners or through an initial public offering, hopefully making much more that what they put in. In this round early employees join the startup team and it actively works for the implementation of idea. First employees get stock options but low salaries as well. This round can include number of series. Series A, B, and C funding rounds are merely stepping stones in the process of turning an ingenious idea into a revolutionary global company, ripe for an IPO (Initial Public Offering).

Funding: 2 mln. to 15 mln. in Series A and up to 100mln.+ in further Series.

IPO Stage. Afterall, when the business gets IPO status – everybody can become its investor. As you can see, the road to an IPO is a long and complicated one. To get shares (known as an IPO allocation) you need to have an account with one of the investment banks that is part of the underwriting syndicate.

Map of concentration of VCs in Europe and nearby.

According to Dealroom, since 2014 startups in Europe have raised €23B+ with a whopping €17B+ raised in London, Berlin, Stockholm, Paris and Tel Aviv. This really goes to show where the money is and where deals are being done.

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The top five cities in which investors have offices in Europe according to our research are as follows:

1. London

2. Stockholm

3. Berlin

4. Paris

5. Helsinki

Tel Aviv, Israel can be ranked in this top too. The full map can be checked out here. Also, you can find lists of included investors here and there.

Talking about US, there you can find the most recent and hot list of “US Venture Capital firms which are really investing in Europe”, prepared by Startup Grind.

Read more: http://intellicagroup.com/blog/

Limitations of Big Data Analytics

By now, you’ve probably heard of big data analytics, the process of drawing inferences from large sets of data. These inferences help identify hidden patterns, customer preferences, trends, and more. To uncover these insights, big data analysts, often working for consulting agencies, use data mining, text mining, modeling, predictive analytics, and optimization.

As of late, big data analytics has been touted as a panacea to cure all the woes of business. Big data is the key that unlocks the door to growth and success. Consequently, some experts predict that during 2015, the average company will spend about $7 million on data analysis. However, although big data analytics is a remarkable tool that can help with business decisions, it does have its limitations.

Here are 5 limitations to the use of big data analytics.

Prioritizing correlations

Data analysts use big data to tease out correlation: when one variable is linked to another. However, not all these correlations are substantial or meaningful. More specifically, just because of correlation between 2 variables, it doesn’t mean that a causative relationship exists between them (i.e.,“correlation does not imply causation”). For instance, between 2000 and 2009, the number of divorces in the U.S. state of Maine and the per capita consumption of margarine both similarly decreased. However, margarine and divorce have little to do with each other. A good consultant will help you figure out which correlations mean something to your business and which correlations mean little to your business.

The Wrong Questions

Specialists use big data to discern correlations and insights using an endless array of questions. However, it’s up to the user to figure out which questions are meaningful. If you end up getting a right answer to the wrong question, you do yourself, your clients, and your business, a costly disservice.

Security

As with many technological endeavors, big data analytics is prone to data breach. The information that you provide a third party could get leaked to customers or competitors.

Transferability

Because much of the data you need analyzed lies behind a firewall or on a private cloud, it takes technical know-how to efficiently get this data to an analytics team. Furthermore, it may be difficult to consistently transfer data to specialists for repeat analysis.

Inconsistency in data collection

Sometimes the tools we use to gather big data sets are imprecise. For example, Google is famous for its tweaks and updates that change the search experience in countless ways; the results of a search on one day will likely be different from those on another day. If you were using Google search to generate data sets, and these data sets changed often, then the correlations you derive would change, too.

Ultimately, you need to know how to use big data to your advantage in order for it to be useful. The use of big data analytics is akin to using any other complex and powerful tool. For instance, an electron microscope is a powerful tool, too, but it’s useless if you know little about how it works.

Read more: http://intellicagroup.com/blog/

Magento vs Virtuemart comparison

WHAT IS MAGENTO CAPABLE OF?
Magento is more suitable for the owners of big online stores as it offers convenient multiple store management. The company is constantly working on new featured so the system meets the most recent requirements.
The disadvantage is that Magento is a resource-intensive system. It is capable of handling online stores of any size. If you are working with a large number of products and with high traffic – you will need a stable hosting service.
The reasons to consider Magento:
It’s especially built for eCommerce. In order to put up a fully functional eCommerce store,
You are planning to manage huge number of products.
You need a shopping cart for rapid business growth.
While Joomla!’s VirtueMart can be modified to look like an eCommerce, Magento is an e-commerce system at heart. If you need advanced pricing, product attribute management, shipping, reporting and payment methods – Magento is your best bet.
There you can look through the full list of Magento features for e-shopping.
Examples of web sites on Magento: HARVEY NICHOLS VENROY REBECCA MINKOFF CHOPARD ACNE STUDIOS BULGARI

WHAT IS VIRTUEMART FROM JOOMLA! CAPABLE OF?
VirtueMart is at advantage in the field of content management as well, which is not a big surprise, since Joomla! is a content management system by default. Thanks to it, you can easily extend the online store with a blog, a guest book, a forum or any other interfaces focusing on content. Also, being able to display content more easily will facilitate SEO as well.
Its disadvantage is that the pace of its development is quite slow, that it has difficulty keeping up with others, as well as the lack of more developed functions from the basic system. You will have access to more significant ecommerce store functions only if you use its commercial edition versions, and there is a good chance that you will need various extensions to these as well.
The reasons to consider VirtueMart:
You want to set up a store quickly.
Your budget is limited.
You plan to have a small online store.
There you can look through the full list of VirtueMart features for e-shopping.
Examples of web sites on VirtueMart: OFFLAJN SHOPKNOWLABEL AYOKA FLOWERS TRACY WINE JELLIES

TO CONCLUDE
Both systems basically work well, however, they do not meet the needs of the same people.
Those who want a simple solution, are launching an online store of a smaller size, which would like to sell products adding the possibility of publishing content as noted above, can take more advantage of Joomla! VirtueMart.
However, for those wishing to create a more complex and professional online store that is personalized and optimized for their needs, capable to maintain huge number of products and plan a high customer traffic – Magento can be the perfect choice.

Read more: http://intellicagroup.com/blog/

 

4 Rules How Not to Screw Up Working Relationships

Probably, they are not 4 rules which should always hang in front of you. But they are certainly four things you have to remember if you are involved in a startup.

Relationships as a basis. First of all, affinity and trust should be built between all the sides playing roles in successful growing of the business. Neglecting serious attitude to companionship, people deny an opportunity to hear each other, be ready to communicate, discuss and clarify. Being human and having relations is the #1 goal while collaborating within startup.

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Communication itself. Don’t let a single day pass by without discussion. Discuss with everyone. Discuss everything – talk through the desired outcomes, set expectations, ask for any comments, feedback or even slight updates. Always follow up your discussions and manage them. It’s better to overcommunicate than to pass up some details which can be probably important. And don’t forget that sometimes people are just introvert. If you want to make them open up, sometimes you need to pull first.

And let it be your rule: To be successful – startup should work as one mechanism. To be one mechanism – everybody should interact.

Clarity. The devil is in details. Working on one idea, all the parts can have their own vision of it. Often people speak too broadly and do not fall into details. As a result – assuming, false interpreting and misleading information. If you want to avoid serious issues because of misunderstanding – do not avoid the details. Don’t be afraid to ask too much, fix the answers, put them in written and discuss. For sure, to feel free to inquire, stages above should be done.

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Timely escalation. To make all run smooth, everybody should have his own responsibilities. And everything should have its own deadline. Raise a flag ON TIME! if someone doesn’t do things he is responsible for on time. Not failed duties make everything goes wrong, but ignoring them failed. Broken promises, undercut expectations or even not provided feedback, not filed in time-sheet or not paid invoice – are the reasons for discussion and, probably, escalating the question.

Read more: http://intellicagroup.com/4-rules-not-screw-working-relationships/

 

5 reasons why startups outsource software development

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It’s a well-known fact that many startup founders don’t have a technical background and they very often have a difficult task to choose a technical co-founder or to employ reliable technical talent to build a successful business.

Experienced mentors always give advice to focus on what they are good at and hand the things they are not good at over to other experts in this field.
Several really successful startups started without having a technical co-founder on board. It’s a fact, it is indeed a common opinion that having a good tech person at the outset assures a startup to complete a successful business or a successful exit. However, besides knowing how to create good code, an owner has to be a good marketing and sales person, HR and finance as well. Performing all roles at once with limited budget and strict deadlines – It is possible, but not recommended.

Here are the five reasons for startups to outsource IT services:

1.      Reduced Costs: At the stage of having a brilliant idea only, you are able to find a team of professional engineers who you can contract per agreed price / rate. In this case you do not have to worry about additional expenses, like: staff insurance, payroll taxes, admin costs. Moreover, it is a well-known fact that sometimes more skilled pros can be attracted at a much lower rate through an outsource model.

2.     Freed up Time: By giving away software development tasks, a lot of time is freed up. Deadlines are usually strictly documented in the services contract. So, all you need to do is to control those dates. In this case you will be able to concentrate on marketing and promotion, leaving software development and testing professionals.

3.     IT Consultation: When outsourcing IT services, you will get an immediate access to the world of system and business analysts, who can take a closer look at your case and suggest the best way (logic, approach, tools, programming language) to complete your task. They are able to innovate and improvise, offering the best practices only.

4.     Testing Services Included: Avoiding testing stage in the software development process is like publishing the magazine without prior look at the initial draft of it. In this way – you can ensure the high quality of your ending product (it will be properly tested) and convince yourself that it will not suffer from technical mistakes (bugs).

5.     Technology Partner for Life: It is very difficult to find a suitable employee, the one who understands your company goals and values, is reliable and dedicated. The same works with an IT outsourcing company. Having found the right match in outsourcing – you get the added value – the company with sufficient expertise who you can trust.

Read more: http://intellicagroup.com/blog/

 

Why startups fail

We all probably know the story of two mice in a bucket with the milk. That’s a good relative to today’s business world, where either you adopt or fail. In 21st century due to the climate driven by powerful digital forces, disruption and rapid innovation IT become another pillar of every business, moving all the companies from traditional way of doing business towards “click” based. As matter of fact most of the companies are not able to adopt to the turbulent context.

According to sources, there are the following main reasons for failure:
1.Lack of knowledge
Everything in the world become attached to the technology and IT. According to the IDC, by the end of 2017 2/3s of global 2000 enterprises’ CEOs will have digital transformation at the center of their corporate strategy. Lack of technical knowledge in company might leave it one step behind its competitors.
2.Pure management
Today more and more devices get linked creating the internet of things and expanding use of social media and generating the Big data. You may have a great product and services for which there is great demand in the market, but without the proper data management and the right strategy the chances of failure increase. The properly managed data can give the valuable inside about the costumer and can help to increase the customer experience.
3.Limited resources
Nowadays because of the great demand in IT specialists and less supply, it might be costly to hire the IT professional on a constant basis, especially for small companies and start-ups. Because of the high costs companies are in constant search of the ways to cut their expenses. So, they end up facing the outsourcing companies. At this point, there are a lot of IT outsourcing companies which offer wide range of services, but not always the companies manage to find the right outsourcing company who will have good value-price ratio.

As the solution to the given issues we Intellica group can offer the right, personalized solution for your company. We are based in Ukraine (dev) and Slovakia (EU H/Q) and given our location costs are significantly lower than in most European countries. Nevertheless, our main concern is all about clean and crystal clear communication to ensure smooth delivery.

Sounds interesting? Feel free to contact us and find out more about Intellica and services we deliver.

Read more: http://intellicagroup.com/blog/