The discovery phase is a vital time when clients and development teams come together to share their dreams and expectations for a successful project. It’s all about teamwork and understanding each other’s vision to create something truly amazing. Of course, sometimes this phase comes with its own set of challenges, like tackling those tricky, seemingly impossible requirements.

No worries, though, we’re here to guide you through the heart of the discovery phase, highlighting its significance and offering strategies to handle and adjust any unrealistic expectations smoothly. 

Read on to learn how to make your project a shining success from the start.

What is the project discovery phase?

The discovery phase is the first step in the project life cycle.

It’s a time for you and the development team to understand and write down what the project needs, aims to achieve, and what limits there might be.

You’ll have deep conversations to make sure everyone agrees on the plan before any real building starts. It helps everyone have the right expectations, look at different options, and create a practical plan for your project.

During the project discovery stage, you’ll gather all the important market and user research data you need to make good choices. You’ll decide on things like:

• Design style
• Features for the first version of the product
• Best technology to use for the product
  

In the end, you’ll usually have such discovery phase deliverables as a UI prototype, some documents, like a project roadmap, and a clear vision of what success looks like for your product.

Why have a project discovery phase?

Project discovery is really important for a few key reasons. First, it helps figure out exactly what the project is about and what limits it might have, stopping any unexpected changes and keeping things on the right path.

Second, it ensures everyone understands what you need and want, which matters a lot for making a product that fits those needs.

Third, it’s a chance for the development team to tell you about what can and can’t be done technically, helping make a feasible plan.

In short, the discovery stage is when your knowledge and the tech team’s knowledge come together. You both have important things to share and decide on before putting time and money into the project.

Although every project is unique, we’ve compiled a list of the most common unrealistic expectations that can slow things down. Check out this list to stay ahead from the start and keep your project on the path to success.

7 common unrealistic expectations to tackle at the project discovery phase

It’s not unexpected that the most common unrealistic expectations are about the project’s roadmap, mismatched visions, and communication issues. As you review them, you’ll see why it’s best to address each issue right from the start of the project.

Unrealistic deadlines

We often see impossible timelines. They come from not understanding the complexity behind the tasks and believing that adding more people can shorten the development time. However, some processes just can’t be expedited with 300 developers and need more realistic timelines. 

We’ve witnessed people misleadingly believe that a complex system can be delivered in two months with just more people. Unfortunately, it’s not how things work.

24/7 availability of developers

Some clients might think developers should be available all the time. This isn’t effective most of the time and can cause burnout. It’s important to be clear about when developers can work and contribute. If you believe you need support all the time, you should be ready to allocate more budget for that or look for a team that works in different time zones to cover the whole day.

Mismatched technology visions

You might have some popular technologies in mind that you want to use, and that’s great. But it’s important to figure out if the tech stack you mean even fits your product idea. Often, clients prefer to contact consulting agencies first to find out what kind of stack they need. However, with no hands-on experience, agencies tend to refer to the most widespread technologies, too.

Overambitious requests

Requests for advanced technology like AI without a clear understanding or provision of necessary algorithms are common, too. Again, the vendor team is the one to closely communicate this issue with you and define realistic technologies to serve your users.

One day, we discussed a medical AI-based system that would independently match patients with the recommended treatment. However, the client lacked a vision of the concrete algorithm to complete the task. What we’re trying to say is that when we have such a big gap in business logic, the discovery phase is the right time to close it together.

Incompatible requirements

You may want everything under the sun — high-quality video recognition, unlimited storage, and instant access worldwide on a limited budget. It’s important to navigate these requests carefully, prioritizing and finding workable solutions.

A good example is when you work with multimedia, such as video content. You may want to store your content forever and have real-time access because it seems valuable. It’s obviously a costly thing to do. Here, it’s better to know exactly how often you need to refer to this or that content and make the right storage and access decisions, especially if you are tight on budget.

Design on a dime

Sometimes, people from different fields might not realize how fundamental the design phase of a project is and think programmers can just take care of it. But the user interface is the first thing users see, and developers may just lack this visual taste you may want to communicate to your end-users. Skimping on design could make it hard to attract users and sell your product.

Integration with numerous devices

Clients might ask for their product to work with lots of different devices, but this can make things much more complicated and expensive. A smarter way is to figure out which devices are primary for your users and focus on those first.

One of the client requirements we can recollect is the need to integrate with all types of smartwatches and bracelets to track sleep quality and movement data. As a result of a thorough discovery, we decided to go for some Samsung and Apple models only because they were more common choices by the target audience.

You’ll see that the entire discovery phase is about making the best use of your budget and time and improving the product instead of just pushing what one side wants. Through open and clear communication, you can find common ground that meets all your needs and sets the stage for a successful project.

How much does it take to make project discovery?

The cost of the project discovery phase can vary significantly depending on the project’s complexity, your needs, and the team’s expertise. However, adopting a shift-left approach, where discovery is seen as an investment rather than a cost, can save time and money in the long run.

By identifying and addressing potential issues early, you reduce the likelihood of costly mid-project changes and ensure a smoother development process.

Set the stage for a realistic project delivery

As we’ve journeyed through the twists and turns of the discovery phase of a software project, it’s clear that understanding and managing expectations is the key to a smooth, successful delivery. Remember, every hurdle you clear and every detail you nail down now is a step closer to bringing your vision to life. 

So, if you’re feeling overwhelmed by the challenges or just need a guiding hand to help navigate these crucial early stages, Timspark is here for you. Our team is dedicated to turning your ideas into reality, and we’re just a message away.

Dear Colleagues, Partners, and Readers,

The end of December is the perfect time to reflect on why 2023 is so special to us. Timspark is celebrating its first anniversary, and what a remarkable year it has been!

The primary highlight is the portfolio of outstanding solutions we’ve developed together. We’re truly amazed by the innovativeness of our customers and strive to grow even more to keep up. Just look at how we:

• Built a robust DevOps toolkit for crystal-clear development in banking;
• Develop a cost-effective care solution harnessing AI and ML algorithms;
• Reduced fraud risks by 5 times with a powerful machine learning system for risk analysis.

These are just a sneak peek into the vivid and versatile portfolio that we’ve gathered over this year of productive collaborations.

Even more, in 2023, we unite exceptional talent from diverse backgrounds:

• 36 beautiful, ambitious, expert people
• over 30 core and augmented teams
• 1000+ vetted engineers

Finally, this past year has been so memorable for our participation in various IT events. We’ve had the privilege of attending the EMO Hannover, Gitex Global, Medica Health IT Forum, and other notable events. There, we’ve learned from industry experts and connected with fellow technology enthusiasts. These experiences have deepened our knowledge and perspective, and we can’t wait to share what we’ve learned with you in the coming year.

As we look ahead, we have some exciting projects in the pipeline, including more sophisticated DevOps implementations, powering industries with advanced data management and AI, mobile transformations, and others. Stay tuned for what’s to come!

As we celebrate the holidays and approach the new year, we wish you and your loved ones a joyful, peaceful, and prosperous holiday season. May your days be filled with warmth, laughter, and the company of those who matter most.

Thank you for being a part of our first-year celebration, and here’s to a bright and promising future together. Happy holidays and a happy new year from all of us at Timspark!

The union of IT and healthcare has brought medicine to a new qualitative level.

Medical services have become more accessible: you no longer need a face-to-face appointment with a doctor; instead, you can use telemedicine software and get the necessary advice online. With diagnostic tools from the Internet of Medical Things  (IoMT) subset, you can perform remote monitoring of your health. The past pandemic has highlighted the significance of prioritizing one’s well-being. The Zoomer generation as a whole advocates a health-conscious and eco-friendly lifestyle. All these factors point to one conclusion: healthcare software development is more relevant than ever.

According to Precedence Research, the global medical software development market size is valued at $28.66 billion in 2022 and is expected to reach approximately $77.43 billion by 2032. [1]

Now, what do you need to start your own software development in healthcare?

Challenges of software development in the healthcare industry

Before you start developing a healthcare application, it’s crucial to understand all the nuances involved. Healthcare software development often requires mandatory certification that evaluates the software safety of the end users. Skipping important steps when creating such a product may, at best, lead to its reclassification as a Wellness application. At worst, it might lead to looking for new investments to fix the issues and once again pursue obtaining the coveted CE mark. In addition to direct cash investment, time to market is an essential factor to consider.

According to publicly available data, between 75% and 98% of healthcare startups fail. Reasons vary, but certification issues stand out as a primary concern, which, in turn, slows down the delivery of software to end users.

The gold standard for healthcare software development

Does any medical software require certification from a notified body? Some healthcare applications can undergo self-certification, while others do not need to be certified at all.

For example, an electronic health record (EHR) system exclusively used for retrieving, storing, or archiving medical data does not require certification. However, if the software is used for personal diagnosis and/or prescribing a personalized treatment plan, it is already classified as a medical device and, therefore, must comply with IEC 62304. IEC 62304 is a gold medical software development standard adopted in the European Union and the United States.

Healthcare software development in accordance with IEC 62304 ensures that it is created within a defined and controlled environment. Such a development process should align with requirements aligned with the software safety class.

Safety classification in healthcare software development

To determine the need for certification, the software developer must specify a safety class (A, B, or C) for their healthcare application. The safety class is based on the risk of harm the software may cause to the end user. According to IEC 62304 the following classification is used:

• Class A: The software cannot cause any damage or injury;
• Class B: Software may cause minor injury;
• Class C: Software can cause serious injury or even death.

Class A software can be self-certified. To obtain the CE mark, it is enough to declare adherence to the IEC 62304 standard and publish a control document that lists the main points of compliance with the requirements.

Class B software requires the participation of a notified body to confirm that the software development process complies with the requirements of IEC 62304.

In the case of class C, the notified body will thoroughly analyze the development process and design documentation and check the software itself.

When a software product bears the CE mark, it indicates that it has passed the necessary assessments and is safe for use.

Essential documentation for developing medical software

The IEC 62304 standard governs the healthcare software development process. Specific project documentation confirms that all necessary steps have been completed. Depending on the assigned safety class, the following set of documents is required:

Each document should have a clear structure and be created as the project progresses, as recommended by IEC 62304. For example, before you start medical software development, you should have a software development plan. Before formulating the project’s scope, you should define the software requirements. Of course, these documents will not be set in stone; they might be updated according to changing project requirements. However, having them in place makes healthcare software development more manageable.

As a last resort, documentation may be recreated before certification to showcase that the overall development is aligned with the guidelines.

Local regulations on software development for healthcare

The IEC 62304 standard governs the medical software development process. Additionally, it is crucial to consider standards such as:

• IEC 60601-1 specifies network, software interfaces, and hardware requirements;
• IEC 62366 specifies usability requirements for the development of medical devices.

However, beyond the development process, you must also remember that the final product must comply with local legislation. If you produce software for EU residents, it must comply with the GDPR. When using healthcare software in the US, it must be HIPAA compliant, and if the application processes children’s data, checking for CAPTA compliance is advisable. In the US, there are variations in the requirements for medical software, even at the state level. Therefore, when starting healthcare software development, it is better to rely on professionals familiar with the nuances of implementing such products for a specific region.

SOUP and OTS components used in healthcare software development

Today, development cannot be done without integration with third-party software. However, it is not always known whether the integrated component meets the required standards.

For healthcare software development, third-party components fall into certain categories:

• Off-The-Shelf Software (OTS Software): A publicly available software component used by a medical device manufacturer, where the manufacturer cannot claim complete control over the software life cycle;
• Commercial off-the-shelf software (COTS software): OTS software supplied by a commercial vendor;
• Software of Unknown Provenance (SOUP Software): A widely available software component not explicitly designed for integration into a medical device or previously developed software lacking corresponding development records.

Certain components can be both SOUP and OTS. To integrate such third-party software, the developer must assess the risks and the overall software safety class. All such integrations should be reflected in the software architectural design, along with a rationale for choosing particular components.

Testing specifics in healthcare software solutions development

Although the IEC 62304 standard provides a clearly defined procedure for testing medical software, it is worth touching on a few more points, that may not be immediately obvious:

• For a successful release, you will need several sets of data for testing:
  • • Stub data that contains no sensitive patient data or other confidential information and can be accessed by any team member. It must be prepared before development starts;
    • Real test data may already contain sensitive information, meaning that access rights must be defined for it. Software developers and QA engineers may use stubs (test data) if they lack access to real data. However, team members, including the business analyst, solution architect, project manager, and possibly the QA lead, must be able to analyze real data in advance to design the proper data model and conduct final testing. The absence of real data at the development stage is fraught with failure when testing the product with real users. These can range from trivial user interface errors (like poorly formatted text or not fitting into a label or is and therefore unreadable) to more critical errors when saving data to the database;

• The project roadmap should include alpha and beta testing with real users. No matter how professional the contractor is, user acceptance testing should involve the target audience. Since what is convenient for technical specialists may be completely unobvious and inconvenient for real users;
  
• While not explicitly required when developing medical software, test cases are highly recommended to create and maintain. Depending on the safety class, the cost of an error in medical software may be too high, causing harm to human health and life. This means the development team must consider all possible negative scenarios and ensure that the software handles unusual situations correctly. The same goes for cybersecurity testing — healthcare systems must be as secure as possible from hacking. A backdoor can give attackers control of the application and pose a risk to the patient’s health.

Hosting for medical software development

The correct choice of hosting provider also affects the success of software development in the medical field. While a small mobile application without a server part may not cause hosting concerns — simply uploading it to Google Play or the App Store suffices — once your software has a server side, several crucial factors come into play:

• Hosting availability (or total uptime) to ensure access to healthcare services; this factor might be quite important for hospital management software;
• Existing services (e.g., Kubernetes) for system self-recovery;
• Availability of hacking protection to guarantee data security;
• Hosting compliance with required standards (for example, GDPR or HIPAA).

Maintaining a balance between the above requirements and the associated hosting costs is equally important.

Winning 12-step strategy for healthcare software development

To successfully launch a healthcare startup and stay on budget, the following action plan should be implemented:

1. First, define the core concept of the software being developed, emphasizing the killer feature that sets it apart from the competitors. Integrations with third-party components can replace everything else at the initial stage. At the same time, it is essential to consider the specifics of using SOAP and OTS.

2. Next, determine the target audience. In software development in healthcare, the age of the end users should be considered very carefully, especially when adhering to legal restrictions for minors. A parent mode is essential if the final product is intended for children. Otherwise, we will have to exclude kids at the registration step.

3. To validate the software idea for potential investment and present it to stakeholders, create a clickable UI prototype in Figma or InvisionApp. By visualizing the requirements, you can validate the idea itself.

4. Work on the software requirements analysis (according to IEC 62304) along with the clickable prototype. Since most current software development is based on Agile methodology, the requirements specification will be updated as the project progresses. However, for a stable release, it is crucial to freeze requirements changes at least a month before user acceptance testing.

5. Once the specification and user interface design are approved, start working on the architectural design required for the Class B and Class C software. This step enables stakeholders to calculate the total cost of ownership.

6. Meanwhile, the project manager is supposed to plan the project milestones and deliverables and approve the final roadmap with the customer.

7. It is recommended to start healthcare software development with the riskiest features to verify the key business idea of the project and ensure smooth integration with third-party components. This means common features such as registration and login can be postponed for later.

8. Prepare a limited group of real users for user acceptance testing in advance. This is especially true for testing the alpha version since it may still contain bugs. The beta version may be available to a broader group of real, sometimes even casual, users. During alpha and beta testing, the crucial goal is to collect user feedback and fix the most critical issues.

9. Conduct security and load testing to ensure the software’s reliability and fault tolerance.

10. Establish isolated environments to conduct different types of testing and carefully plan the expenses to support them at the architectural design step. The TEST environment will only be available to the development team to test the implemented changes iteratively. The STAGE environment should only be used for user acceptance testing. The PROD environment is intended for final releases. All these environments require isolated hosting, i.e., they use separate resources (such as memory, file storage, and database).

11. Finalize the necessary documentation and undergo certification for software with safety classes B or C.

12. Maintain a support team from the very launch of the product to handle user feedback promptly.

Steps 3-5 look aligned with the Waterfall methodology but are crucial for smooth healthcare software development and effective management of the project budget.

Bonus: Ideas for startups in healthcare

Despite the ongoing evolution of healthcare software solutions development over decades, the space for startups in this field remains open. Moreover, the introduction of AI has impeded advancements in health software development. Here are some thoughts from Timspark on what kind of software can be designed for healthcare:

B2C healthcare solutions

Thanks to the widespread adoption of smartphones and other wearable devices, people can use apps to track their health; for example, mobile phone sensors can be used for posturography. Meanwhile, artificial intelligence solutions assist doctors in creating personalized treatment plans. A tireless AI-powered personal assistant can support seniors 24?7. Digital front door in healthcare can help patients receive better services promptly.

B2B healthcare solutions

Clinics and labs have diverse software needs, ranging from applications that track the movement of rare equipment around a clinic to computer vision that monitors seriously ill patients and recognizes their emotions 24/7. Particular attention is paid to clinical software development, aiding doctors in identifying dangerous deviations in patients’ health. Many of those healthcare solutions lie in the field of AI technologies.

Launching a project in healthcare software development?

Would you like to dive into hospital software development, or are you wondering how to build a healthcare technology platform? We would be happy if our article became your guide to launching your first startup. However, due to the text’s brevity, we couldn’t address all the intricacies of healthcare software design. Therefore, we’re eager to assist you in your ventures by staffing your team with the necessary software developers or completely taking over the implementation of the project. Our leading experts will help you optimize costs and guide you through the entire software development lifecycle.

References

1. Healthcare Software As A Service Market. Precedence Research, 2022.
2. What Leads to Company Underperformance & Failure?  TTi Health Research & Economics, 2021.
3. Startup Failure and Success Rates: 2023 Research.  StartupTalky, 2023.
4. IEC 62304:2006. Medical device software. ISO, 2021.

Earning 7th place in this esteemed ranking, Timspark has solidified its position as a pioneer in cost-effective software development and innovative DevOps solutions. Our groundbreaking approach featuring pre-built ‘Core Teams’ has garnered recognition for its relevance in aligning development and operations for businesses of all sizes and types.

‘We are thrilled to be recognized as the 7th top DevOps service provider by Software Testing Help,’ said Mikhail Shayunou, Head of DevOps at Timspark. ‘We promise to stay committed to delivering innovative and industry-changing software solutions that matter. The ‘Core Teams’ model, combined with our extensive expertise and dedication to quality, sets us and our customers apart in the industry. Thanks for your trust!”

In this video interview, our CTO, Alex Velesnitski, shares his insights on technology, innovation, and the evolving landscape of IT services. For those who prefer a summarized read, we’ve also provided a concise version of the key points discussed.

Overview:

00:00 – 00:55 – Joining Timspark

Alex was drawn to Timspark’s commitment to innovation and its culture of continuous learning. He saw the opportunity to contribute to a team that values technological advancement and service excellence.

00:55 – 01:40 – Technology Strategy and Business Goals

Aligning technology with business objectives is crucial, especially in IT services. Alex emphasizes the importance of understanding business goals and employing Agile, Kanban, and Scrum methodologies for effective communication and project management.

01:40 – 01:58 – Embracing AI and DevOps

Timspark is at the forefront of integrating AI into its services. Alex believes in leveraging cutting-edge technologies to drive the IT field forward, underscoring the role of AI in Healthcare, NLP, Cybersecurity, Autonomous vehicles, and Fintech.

01:58 – 02:18 – Building Effective Teams

The key to successful technology implementation lies in assembling talented teams. Alex discusses the importance of hiring the right people and fostering a culture of innovation and technological excellence.

02:18 – 02:51 – Iterative Development and KPIs

He advocates for an iterative approach to development, focusing on delivering shippable products at every phase. Establishing clear KPIs and metrics is vital for maintaining high standards in software development.

02:51 – 03:12 – Risk Assessment

Risk analysis is integral to project management. Alex highlights the need for thorough risk assessments to weigh the pros and cons of critical feature development.

03:12 – 05:34 – AI Trends in Various Sectors

The conversation takes an exciting turn into the realm of Artificial Intelligence (AI), where Alex outlines significant trends and predictions in various sectors like healthcare, cybersecurity, and FinTech.

Instead of Conclusion

Whether you’re here to watch the full interview or for a quick overview, we hope you find Alex’s insights enlightening and inspiring. Stay connected with the Timspark blog for more thought-provoking discussions and updates from the tech world!

This November, Timspark navigated through Europe’s most innovative IT events in November 2023. Dive into our experiences at distinguished and vibrant MEDICA, Websummit, BIM World Munich, and Slush — profound insights as well as a sneak peek into our plans for 2024 included!

1. MEDICA – Leading International Trade Fair

Timspark made a significant presence at MEDICA 2023 in Düsseldorf, Germany. Samuel Krendel, Head of Partnerships, and Alex Velesnitski, our Chief Technology Officer, led our team. We observed a strong demand for telehealth solutions and IoT wearable sensors, which reflects the current technology trends in healthcare.

The MEDICA 2023 event in Düsseldorf was a showcase of significant advancements and diverse innovations in the healthcare sector. This leading B2B trade fair attracted over 5,300 exhibitors from nearly 70 countries. The exhibitors showcased new products and services across a range of fields, including medical consumables, medical imaging, laboratory technology, diagnostics, health IT, mobile health, and physiotherapy/orthopedic technology. Here are some of the many highlights.

– Fraunhofer IDMT’s radar technology: This novel method for collecting and analyzing radar data from the human body has applications in both medicine and automotive fields. It enables non-contact vital data collection, enhancing the potential for monitoring vital signs like respiration and heartbeat pulse.

– Beurer’s blood pressure monitors with AFib function: These monitors, equipped with an integrated AFib function, aid in the early detection of atrial fibrillation, contributing significantly to stroke prevention.

– Securer’s high-tech respiratory mask: Nominated for the German Medical Award, this mask features integrated UVC LED light disinfection, offering comprehensive protection against viruses and bacteria.

– Austco global and Vayyar care partnership: This collaboration introduces touchless, camera-free fall detection and activity monitoring, tailoring solutions for independent living, aged care, remote patient monitoring, and dementia/memory care.

– HopeCare and Microsoft’s telemedicine collaboration: Pivotal in Austrian healthcare, this partnership focuses on health apps, virtual doctor consultations, and e-prescriptions, demonstrating a commitment to early risk detection and secure data transmission.

The event also showcased innovative products like the “SmartID Demonstrator” for recognizing counterfeit medicines using smartphones, the “Icebein” cryotherapy system, Beurer’s emergency bracelet “EC 70 SafePlus” with fall detection, and robotics solutions by KUKA for diagnostics, therapy, and rehabilitation. Additionally, a “pocket-sized electron microscope” from Meiluft was on display for detecting tiny particles in air and liquids, highlighting the potential for monitoring infectious diseases and drinking water quality.

These innovations represent just a fraction of the groundbreaking developments and collaborations, demonstrating the significance of MEDICA 2023 in driving forward the healthcare industry.

2. Websummit in Lisbon

Web Summit 2023 in Lisbon was a remarkable event featuring a wide array of discussions, innovations, and insights from various sectors. The event’s focus was on critical conversations about technology, society, and innovation, with a significant emphasis on AI’s role and impact across different industries.

The grand scale

This year’s Web Summit 2023 was a showcase of technological grandeur, with five exhibition halls hosting over 2,000 startups. A vibrant and lively event, it drew more than 70,000 attendees, each brimming with innovative ideas and energy.

A standout talk addressed the nostalgia for the early, open internet, emphasizing the need for a democratic web that fosters broad contributions, especially in the current economic climate. This perspective highlighted the importance of maintaining openness in technological and human aspects of the internet.

Another highlight was innovative booths for companies and countries that could stand out with independent keynotes and offer a lasting immersive experience for attendees. For instance, Shell presented insightful discussions on digital innovation in their global organization. 

The event also showcased the vibrant Austrian tech scene. The independent booth was a notable attraction, with engaging setups like a Red Bull Formula 1 car and a ski lift gondola for meetings, drawing attention to Austria’s business ecosystem. 

The Product Stage was particularly engaging. It offered insights into the role of product managers in the generative AI revolution, AI-supported apps, and market research into Gen Z for building next-generation digital products.

Networking and insights

Our team engaged in about 40 intensive meetings, primarily with companies in AI, Fintech, IoT, Cybersecurity, and Data. Though we couldn’t meet everyone, the interactions we had were rich in insights.

Notable connections

The connections made were invaluable, focusing on enhancing and strengthening our business networks. We had enlightening exchanges with several companies, discussing potential cooperations and shared visions.

AI development

The overriding theme of the event was Artificial Intelligence (AI), with discussions spanning how AI is reshaping various sectors, from healthcare to dentistry, and its broader societal impacts. These conversations ranged from real-world applications to more opinion-based discussions.

Finnish startups showcased their unique solutions, with a focus on psychological sustainability, legal online platforms, sustainable energy storage solutions, personalized video funnels, AI and machine learning-powered enterprise tools, and remote monitoring of production equipment.

The event also examined the influence of AI on startups and the tech industry and debated its future impact and the challenges it poses. This included discussions on AI regulation and its role in business growth, education, and ethical considerations.

In conclusion

Overall, Web Summit 2023 was an inspirational gathering, a melting pot of innovative minds and forward-thinking ideas. We left energized, ready to explore new opportunities that lie ahead.

3. BIM World MUNICH

BIM World Munich 2023 was a pivotal event that highlighted the significant advancements and innovations in digital construction planning and execution. It brought together participants from over 68 countries, solidifying its status as a leading international trendsetter for the construction, real estate, and facility management industries.

The 2023 edition of BIM World Munich attracted more than 7,800 visitors and over 200 exhibitors and featured over 250 international expert presentations. A key focus of the event was BIM4NetZero, which emphasized resource-saving construction and operation, as well as sustainable building material cycles. This theme resonated strongly with experts and underscored the growing importance of ecological responsibility in the construction industry.

Another highlight was the BIM Town Innovation Area, which served as a hub for innovative products and services. This area featured the BIM Town start-ups and the 40 finalists of the 6th Smart Building Smart Construction Innovation World Cup®. The event culminated with Sodex Innovations from Austria being named the winner, demonstrating the dynamic and competitive nature of the industry.

In summary, BIM World Munich 2023 was a landmark event that served as an important platform for discussing and promoting digital innovation in the construction industry, with a strong focus on sustainability and ecological responsibility.

4. Slush 2023 in Helsinki

Slush 2023 in Helsinki stood out as a significant event focusing on startups, venture capital, and the impact of Artificial Intelligence (AI) in the tech industry. The conference, described as “the most founder-focused event on earth,” brought together founders, entrepreneurs, investors, and other key players from the global startup ecosystem.

One of the main highlights of Slush 2023 was its emphasis on AI. Discussions and presentations centered on the role, impact, and application of AI in various industries.

Another notable aspect of Slush 2023 was the array of side events and networking opportunities it offered. These events provided platforms for participants to build valuable relationships and networks, particularly in the venture capital and private equity markets. The presence of international fund investors and general partners at these side events underscored the event’s role in facilitating the growth and internationalization of Finnish startups and growth companies.

Slush 2023 also highlighted the importance of diversity and inclusion in the tech and venture capital ecosystem. 

In terms of content, Slush 2023 focused on practical advice for founders navigating the ongoing tech downturn. Topics included scaling companies, overcoming growth-related challenges, global expansion, and strategies for customer acquisition. Our representatives Konstantin Kariapin and Alex Velesnitski, engaged deeply in the realms of AI and business. Sessions on “Automating Legal Aid with NLP” and “ChatGPT Conversational Intelligence” were particularly enlightening.

Conclusion and Plans for 2024

As we wrap up our 2023 journeys, Timspark looks forward to continuing our exploration of innovative events in 2024. Stay tuned for our upcoming plans and the exciting opportunities that await us in the world of technology and business innovation.

Join us in this continuous journey of discovery and innovation. We’re just getting started!