For most of the dynamic industries in the world, software development has become a major phenomenon. Today high-quality digital services have become the need of the hour. Right now it’s extremely crucial to provide your customer with a superior personal experience or else they are going to switch to your competition. Zilch!
Of course, I do not expect every business person to be techie enough. Well, thank god we have so many software development companies across the globe that can provide services for specific business needs. Now if by any chance you are looking to invest in technology, you may come across several tempting ideas such as having a software development team of your own (in-house). Of course, it’s a feasible thing to do but are you ready to deal with the practical obstacles of assembling an effective team?
With so many business competitors vying to win customers, good software development has never been more important. This also means there is no room for development mishaps. Also, outsourcing such services greatly increases the chances of getting the software done right.
Benefits of choosing a custom software development company
You will agree with me when I say that every organization has some specific goals, specific hurdles and issues to deal with, right? If no two problems can be the same then how do you expect two solutions to be the same? Therefore having reliable custom software will work wonders for you. Further below I would like to mention some practical benefits of choosing a custom software development company.
#1 Tailor-made solutions
Custom software is created keeping in mind the minutest needs and requirements of an enterprise. The software development company will analyze the internal processes of an organization to provide a highly optimized solution. Implementation of custom software will give an opportunity to optimize internal processes.
#2 Safe and Secured
In the present scenario, data has been one of the most valuable assets for any organization. In the case of off-the-shelf software, hackers can easily find ways through the vulnerabilities to enter an organization’s system. Whereas in the case of custom software, chances of such an intrusion are less as security is in-built as per the client’s demands.
#3 Scalable and Flexible
Custom software comes with a great amount of scalability and flexibility. It means that the software will be able to address the changing needs of an organization. The development team with the help of disruptive technologies such as augmented reality, machine learning, virtual reality, Natural language processing can handle the change requests and improve the software’s features in no time. In the case of an off the shelf software, you are dependent on another company to enhance its features and make life easier for you.
#4 Cost Effective
After COVID 19 pandemic’s major hit, businesses are seen looking for more substantial ways to reduce cost and here software development services play a major role. The reduced costs of outsourced staff compared to an in-house team are obvious and are one of the main factors that are taken into account during the decision making process. It is not only about low wages, especially if you decide to choose an offshore outsourcing model, but also any other additional labor-related costs such as hiring, training, or housing. If you decide to go with outsourcing, no upfront investments, such as equipment or any extra supplies, will be needed. Covering only the cost of the work that is ordered, with no commitment to long-term hires, is not without significance as well.
#5 Least amount of Risk involved
Choosing the right software development company means half the battle won. You don’t just get a quality management system but best security policies to mitigate the risks of your software development project. Tried-and-true processes, project monitoring tools, and better predictability based on experience are all invaluable in supporting risk management as well. Not every partner can ensure such standards, but if you choose wisely, the chances of seeing your project fail are much lower.
Which industries can choose Software Development?
After hearing these advantages, I bet anybody could be smitten by them. Also, Think for a moment where successful, multi-million dollar companies like Google, Amazon, Airbnb, or Netflix would be without custom software development. I guess not even close to their current market position.
These companies, and many others, owe their success in large part to having tailor-made software, developed just for them and not having to “share” the solution with anyone else.
Bespoke Software Development And Off-The-Shelf Software – Can you Spot the Difference?
Custom Software Development is often known as bespoke or tailor-made whereas off-the-shelf software development is known as a ready-made and commercial solution.
IBM defines custom software development as “the process of designing, creating, deploying and maintaining software for a specific set of users, functions or organizations.”
A custom software is a form of software solution that is created and developed specifically for one organization, brand, business, or individual. Bespoke software generally helps brands in regards to improving efficiency, consumer relations, and ultimately increase revenue because the elements were developed with specific objectives in mind.
Now switching to off-the-shelf-software, it can be purchased, instead of having it made for you. Like Microsoft Office or Adobe Photoshop for instance. More or less, “off-the-shelf” is a leftover from the times we had to go to the store to buy software, which was nicely packaged in a box, that we would pick, take to the counter, pay for and then bring home to install on our computer.
The main difference between the two is, of course, that one (ready-made software) is created primarily for general use and a wider audience. They can, to a certain extent, be customized to suit someone’s individual needs, but only to a certain degree.
Another difference between the two is the price. Ready-made software will, in general, be much cheaper than custom software, at least if we are talking about the initial cost.
You know what’s the best part? Custom software development companies will update your software with new releases wherever you need it (provided, of course, you have the budget for it). Whereas, with a ready-made software, you have to wait for the company that made the software to update it and to release that update and then you have to pay for it.
Types of Services a Software Development Service Provider offers:
Today, software development is becoming more and more popular these days. The whole outsourcing market amounted to 88.9 billion U.S. dollars worldwide in 2017. Further, I would like to mention certain types of custom software development services which every business must keep in their mind irrespective of their size and industry vertical.
Of course, these aren’t all but these are the most common and crucial ones to keep in mind.
#1 Custom Software Development
As the name implies, custom software development is a process of designing, creating, deploying and maintaining software for a specific set of users, functions or organizations.
Now, what are these custom software designed for? A field service equipment maintenance program for a manufacturer or an online banking app designed for the unique requirements of the bank and its customers. Let us figure out how custom software development can help you meet unique requirements at a cost-competitive with purchasing, maintaining and modifying commercial software.
Some benefits include:
#1 Efficiency – Custom software is purpose-built to support processes swiftly and productively, without the need to tinker with or adjust COTS applications.
#2 Scalability – Custom software has the ability to grow any business and organization. Developers can assess future needs as part of their requirements gathering.
#3 Profitability – It’s possible to make money with custom software development. Depending on the terms and conditions of the project, businesses that develop their own software may own the software and therefore be able to license or sell it to other organizations.
#2 Mobile App Development Services
Mobile applications or apps are designed for use on mobile devices such as smartphones, tablets and digital assistants. Mobile development is a dynamic industry that keeps on evolving day in day out. Today’s cutting-edge technology could become obsolete in a matter of a few years.
#3 Web Application Development
Do you think this can be done by the company itself? Web development services offer an extensive range of web development services to a number of businesses. They build websites for companies and businesses with newer skills, tools and with expertise. Companies that need to develop their business commercially can go for this type of web service and they definitely get more benefits from this.
Some of the crucial reasons for choosing web development services include:
- Search Engine Optimization
- Site Compatibility
How to Choose a Custom Software Development Company?
Finally, we decide to pick a custom software development company, irrespective of your intention. Depending on the purpose of the custom software application – you have come up with an idea, a vision for a software project. But now what??
Now there are a plethora of custom software development companies existing, all of their service standards are not the same. After all, choosing the wrong one can prove to be the biggest roadblock in your software project if you’re not careful enough about selecting it.
- Understand your needs
The ultimate objective of custom software is to have everything you need and nothing that you don’t. Before even you begin hunting think carefully about all your business needs. Try spending some time defining the exact objectives you’ll want your custom software product to support. Think about what features are going to enable your business to grow, decrease costs, and increase revenue.
- Technology Security
Technology keeps on updating every day. So is your chosen company great in regards to new updates? You need to ensure whether the technology is capable enough to build a custom software application as per your requirements or not.
Also, never ever settle for age-old technologies that are unable to deliver you a robust and secure software application. Get a fair idea about their expertise before you plan to kick start the project.
- Clarify the contract terms
It is very important to know that your entire project must be spelled out in a contract. All the terms and conditions must be outlined, including the timeline, pricing breakdown, statement of work, required materials, intellectual property, and payment terms and more.
On and all, how successful your software development project is mainly depends on the software development company you choose.
Keeping all the aforementioned factors in mind, I hope you will be able to choose the best tech partner for your business requirements. Remember a strong online presence that has the ability to gain the attention of your target audience can help you in creating room for potential business.