The need to transform digitally has produced a situation where enterprises are continually investing in new digital solutions to either make life more comfortable for operations or help them explore new income streams in the digital era. However, there are a lot of mistakes that prevail in the business with interests in digital solutions. As soon as a company announces that it is ready to spend in digital, it gets bombarded with ready-made and off the shelf digital tools provided by several tech industry players.
But is buying readily available resolutions the best way to gain a foothold in the digital selection? Not always is what business experts say. Enterprises need to invest in custom software development to enable their business growth with a further personalized digital stockpile. Several administrators may argue that software development is expensive without realizing that buying commercial ready software could harm than good in the long run if it created to your objectives.
Here are my four reasons why investment in custom software development is essential for your business.
1. Complexities in Systems Integration
Different areas of your business processes may find tools from other vendors to be useful. However, these tools may each have their technology infrastructure requirements, architectural differences, different development methodologies, and implementation support levels. As an organization, your technology ecosystem requires you to operate as a single streamlined unit capable of producing value across your company.
For mixing systems from multiple vendors, much effort is in need, which could outweigh the advantages given by individual plans. Such a situation calls for building a suite of operational enterprise applications designed to fit your business’s objectives. Every custom software built follows joint development and execution standards. It creates a flexible and interoperable enterprise technology stack.
2. Scalability limitations
Ready to deploy business solutions shown to be scalable for large workloads. When your organization’s unique requirements require flexibility beyond the software development company’s scope, what you got now is an expensive software that cannot scale up with your business demand. This is another state where tailored, and custom software development can significantly change your technology set-up.
The software can be built to keep the objectives specific to your interest areas and not just a standard industry requirement. When scalability requirements are in place, custom-built enterprise software will be able to accommodate your unique business and process workflows accordingly. It is done externally, creating new hurdles for the companies selling your enterprise requirements. This step is vital for SMB’s as their growth objectives would require a scalable technology backend to keep a critical business process.
3. Future proof changes
Change for the better is at the heart of every competitive business environment today. The more you make progress, the higher will be your chances of satisfying various consumer interests. When companies buy expensive and ready to use software from reputed vendors, they often limit their innovation dimensions. Businesses are often forced to either wait until the software vendor comes up with the desired innovation. They may have to purchase a new software again if their existing application vendor cannot add the new feature anytime soon.
Having your custom software built will enable you to explore and bring innovative onboard concepts faster and without depending on other technology merchants to do it for you.
4. Existing technology provider
Many times, companies invest in new digital solutions by blindly following trends in the market. It could be likely that the technology that they already have may need a few tweaks and upgrades to implement the same or even better features that a new commercial off the counter software can provide. As mentioned above, making a new digital solution from a vendor into your existing technology ecosystem can cause difficulties, not just in systems combination. Still, it may also create instances where significant effort is needed to maintain existing software that serves other core company procedures.
When businesses choose to go for custom software development, they can build new capacity on top of existing enterprise applications, saving considerable effort in development and reducing cost escalations. Holding a team to customize existing software is a more desirable alternative than engaging one to implement a third-party answer from scratch and then follow it up with high customizations to suit your business requirements and objectives further.
Any technology implementation made today should be intimately linked to business objectives. Businesses need to have a better idea of the industry use cases that appropriate technology could solve. With custom software community, it is possible to see every enterprise application development investment’s quantifiable value.
This will prove to deliver higher ROI than a fully-fledged third-party digital solution implementation where your company may often be at the mercy of the vendor’s technology courage. If technology is not your core forte, you need to have the right advisory and negotiating partner to help make the most value out of your custom software improvement initiatives.
With years of enabling some of the world’s best companies with custom software growth, VantageIO can be the right partner to help you build your company’s technology backbone.