Going in for agile make sure the game is worth...
The impact of inflation on software business & dev costsI have an idea for a mobile app; what should I do next? Perhaps I’ll wait a little – you know, I’ve heard about cloud-based app development platforms and things like that. Soon everyone will be able to build apps, so dev costs are set for a dramatic fall. That's a common way of thinking these days, but we’ve got stats to prove it wrong. Although IT corporations massively support the “citizen developer” initiative and release user-friendly cloud-based development tools, the demand for qualified software vendors will soon exceed the supply.
- In 2016 the global spendings on information technology will reach $ 3.8 trillion (up 2.7% from last year);
- 43% of US, South American and EAME companies do use the Internet of Things technology or have plans to adopt IoT solutions throughout 2016;
- The demand for enterprise mobile applications will soon outstrip development capacities by 500%;
- By 2019, smartphones will ship 2.1 billion units worldwide!
You cannot afford being tech-ignorantYou run an enterprise, and things haven’t gone well for a little while. Your tech-savvy employees keep talking about some “workflow automation”. You don’t know how to start a software project – and doubt it makes sense in the first place? You’re not the first entrepreneur to underestimate the impact of technology on business. Back in 2013, one in four US small businesses didn’t spent a cent on marketing. 52% of companies operated without a website. 90% of those who created a simple landing page never bothered to optimize it for mobile. After three years we witness dramatic changes. Today 37% of small businesses have fully adopted cloud technologies (the number will reach 78% by 2020) and consider social media presence, cloud computing and mobility as their top tech priorities.
Companies use technology to:
- Boost sales. Last year US e-commerce sales exceeded $ 340 billion, and that’s 7% of the total retail sales in the country (compared to 5.3% in 2012). Macy’s, one of the largest American department stores, uses beacons to deliver relevant content to its customers; as a result, half of Macy’s online transactions are now made on mobile. IKEA developed an augmented reality mobile app that allows users to virtually furnish their homes and share the pictures on social media. In 2015, IKEA’s total sales grew by 8.9%. These companies embrace technology and outperform their rivals; what about you?
- Retain employees. Millennials are now the largest workforce in the USA. These guys were born with technology at their fingertips, and they won’t tolerate your outdated software. As of now, 66% of Gen Ys would like to give their employers a few lessons on technology – and that’s one of the reasons why an average millennial typically stays with a company for less than three years. Do you know how much it costs you to replace a millennial job hopper? Up to $ 25 k! Isn’t it cheaper to spare a few thousands on a high-quality enterprise app and follow the Bring Your Own Device trend?
- Streamline business processes. Technology impacts every industry out there. Real estate agents, for example, used to rely on trusty Excel files for decades, spending long hours on data collection and analysis. In 2015 Zillow, the largest US online real estate company, purchased DotLoop and took a great share of its paperwork online. Transportation companies use GPS trackers to optimize routes and monitor fuel consumption. By 2017 the Customer Relationship Management software market will be worth $ 37 billion (48% of current CRM users access cloud-based enterprise software from a smartphone). Enterprise apps enable companies to use business data to the fullest – and gain a competitive advantage, of course.