How to speed up Android Studio compilation process

Question

Latest update: Check out Android Studio 2.0 (preview) Instant Run it is awesome!!!!

I have found some tips (Building and running app

Answer 1

Tips to speed up android studio

1. Enable Offline Work

2. Improve Gradle Performance by adding following code in gradle.properties

org.gradle.daemon=true
org.gradle.parallel=true

Step by step guide:http://www.viralandroid.com/2015/08/how-to-make-android-studio-fast.html