Creating a product-market fit software is one of the essential tasks of modern businesses. They need to understand the complete software development life cycle to accomplish this, enabling them to develop the right software product in this competitive era. 

This blog will seek software development processes, types, stages of software product development life cycle, and their importance for new businesses. 

Before starting our journey, have a look at the incredible stats of the software product development market to date:

• As per The Business Research Company, the software products market is expected to grow to $2,040.37 billion in 2026 at a CAGR of 11.8%.
• North America is expected to remain the largest market for software product development, with a share of 38.8% in 2022.
• The Asia-Pacific software product development market is projected to grow at the highest CAGR of 12.9% during the forecast period.
• The small and medium enterprises (SMEs) segment is expected to be the fastest-growing end-user segment of the software product development market, with a CAGR of 13.4% during the forecast period.

Software Product Development: An Overview

Software Product Development is designing, creating, testing, and maintaining software products. It includes the software engineering process of developing software programs and the business aspects of managing software projects. 

Moreover, it is a complex process that involves many stages, from initial conception to final delivery. The development process must consider the software product’s various elements, including its functionality, usability, performance, and security. 

In addition, the software product must be compatible with the hardware it will run on and meet all applicable standards.

It typically begins with a requirements-gathering phase, in which the end user’s needs are identified. Once the requirements are understood, the software engineers can begin designing the software. The software is then coded or programmed and undergoes extensive testing before it is finally released to the end user. 

After we release the software product, the software development team may continue to work on it, adding new features or fixing any discovered bugs. Software products are often updated regularly, even after they have been released to the public. 

Software product development might be challenging but can be advantageous. A well-designed and well-executed software product can make a difference in people’s lives. It can help them be more productive, efficient, and organized. A software product can improve communication and collaboration among team members.

When done right, software product development can be a rewarding experience for all involved.

Also Read: 7 Stages In Software Product Development – A Successful Project Onboarding

Types of Software Development Processes

Software product development can be broadly classified into two main categories: 

• Agile Software Development
• Waterfall Software Development

Both approaches have advantages and disadvantages, so choosing the right one for your project is important. 

Agile Software Development is an iterative and incremental approach to software product development. It focuses on delivering software in short cycles, known as sprints, and frequently evolving the software based on customer feedback. This flexibility makes agile software development well-suited for projects with rapidly changing requirements. 

Waterfall Software Development is a more traditional approach that takes a linear and sequential approach to software product development. Each project phase must be completed in this approach before moving on to the next phase. It can make waterfall software development more predictable and easier to manage but less flexible when compared to agile software development. 

Which approach is right for your project will depend on several factors, including the nature of the project, the team’s experience, and the customer’s preferences. Ultimately, the best approach is the one that will help you deliver a high-quality software product on time and within budget.

Why Do Businesses Require Software Product Development?

A well-designed software product can give you an edge over competitors in today’s competitive market. A custom software solution can help you better serve your customers and meet their needs more effectively. 

Since your business is unique, software product development can help you capitalize on your distinguishing qualities and give you a competitive edge. By streamlining processes and automating tasks, software product development can save your business time and money. 

The software development process involves creating custom software solutions specific to your business’s needs. This process can help you overcome many common business challenges, such as:

• Inefficiencies caused by using off-the-shelf software that doesn’t meet all of your needs
• A lack of scalability or flexibility as your business grows
• Lack of customer engagement due to a poor user experience

There are many benefits to pursuing Software Product Development for your Business:

• It allows you to get what you need from your software solution. There’s no more trying to make a square peg fit into a round hole – with custom software; you can have a solution designed specifically for your business.
• Software product development can save you time and money in the long run. When you have a software solution tailored to your specific needs, you are less likely to encounter problems down the road. This can save you both time and money in troubleshooting and maintenance.
• Software product development allows you to have a competitive edge. With a custom software solution that meets your unique business needs, you can give yourself a leg up on the competition.

Also Read: Glean Insights Into Software Product Development Process To Develop Successful Business Solutions

When Your Business Needs Software Product Development?

No matter how small or large your business may be, you should be prepared to adapt to the needs of your customers, both current and future. To do that, you need to stay on top of the market, keep an eye on the competition, and react accordingly by creating new products and services that fill existing gaps in the market or provide a competitive advantage over other businesses in your industry. 

One way is through software product development – creating custom-made software solutions that meet your customers’ needs. But how can you know when to bring in outside help and outsource this process? Learn here:

When There Is A Need For Automation

It’s a fact: the more you automate, your business becomes more efficient. That’s because computers can process information much faster than humans, which saves time and money. 

In today’s global economy, where companies compete for 24/7 on every continent, it just makes sense to automate as many tasks as possible to maximize production without sacrificing quality or efficiency. 

If your company could benefit from a software product development lifecycle, it might be time for an upgrade!

If The Current Software Cannot Be Customized To Meet The Business’s Specific Needs

Software development can be expensive, so it’s important to know when your business is ready. Before you invest in a software developer, ask yourself if the current software cannot be customized to meet the business’s specific needs. If this applies, then you may need a Software Development Company. You will want to find one with experience with your industry and business type. 

For example, a consulting firm could not provide the same services as a retail chain. Make sure you are up-to-date on new technological trends before engaging in contracts with developers. Some of these trends include SaaS (software as a service) providers like Salesforce or Box, platforms such as Magento or Shopify, and technologies such as HTML5 and mobile applications.

When Your Company Experiences Low Efficiency & Miscommunication-related Issues

Software product development can help solve efficiency and miscommunication-related issues. Once your company starts experiencing low efficiency or miscommunication-related issues, you may be ready for software product development. One way that it can help fix these problems is by providing employees with a centralized system where they can go to get up-to-date information. 

In addition, new tools such as Microsoft Flow provide an automated way of handling repetitive tasks.

When Your Supply Chain Has Many Bottlenecks

If your supply chain has many bottlenecks, consider looking into software product development. With the use of software products and software development services, these dilemmas can be solved, and your business will run smoothly. 

The following are some signs that your company might need to create a software product:

• If there are too many points in the process, delays or mistakes can happen.
• If there are significant quality issues with processes or output.
• If production capacity is constrained by equipment or personnel issues (such as skills shortages).
• If frequent changes in technology make it difficult to keep up.

When your Business is Growing

As your business grows, you may need software product development services to keep up with the demands of your company. For example, as you become more successful, you might find that your previous tools no longer work well enough or have enough features to handle your needs. 

You may also need software product development because of the changing market and new technology. Whatever the reason for needing software product development services, you want to be sure that it will be worth it before investing in them.

When Your Customer Base Increases

One of the first things you’ll notice when you’re ready to begin software product development is that your customer base has increased. This might be because your business has grown or because you’ve been able to reach a new audience. An increase in customers can signify that it’s time to start looking into the next phase of your business, which includes developing a software product.  

Whether building an app, developing a website, or releasing another physical product, the decision will ultimately depend on your goals. Once you know what type of software product will best suit your needs and vision for the software application development company long term, hiring software developers will help bring your idea to life.

When you Business is Expanding to Other Locations

When expanding your company to other locations, it’s time to invest in software product development. Utilizing a product that is already established and has already been tested will make your company more efficient. Plus, you’ll save a lot of money because you won’t need to spend money on developing software from scratch. An existing product can also be very beneficial when expanding internationally.

Also Read: 20+ SaaS Product Ideas To Empower Your Business-Valuation

How To Prepare For Software Product Development?

By preparing for your software product development project, you can ensure that everything goes smoothly and that your final product is of the highest quality. There are a few things you should keep in mind to ensure success. Here are four tips on how to prepare for software product development:

Define your Target Market

Who will you be selling your software to? It’s essential to have a good understanding of your target market before starting development, as this will influence everything from the features you include to the way you market your product.

Research the Competition

What other software products are out there that serve the same or similar purpose as yours? Knowing your competition will help position your product in the market and make it stand out.

Create a Detailed Specification

Before starting development, it’s important to create a detailed specification of what you want your software to do. This will help keep development on track and prevent scope creep.

Find the Right Development Partner

Choosing the right software development partner is crucial to the success of your project. Make sure you take the time to find a partner that has experience in developing similar products and that you feel confident working.

Essential Stages Of Software Product Development

Software product development is taking an idea or concept and turning it into a tangible, usable piece of software for consumers  to do whatever they wish. 

This process, no matter how similar it may seem from project to project, never follows the same path or schedule twice, meaning that each software product goes through its unique stages and variations of each stage.

These stages are as follows:

Ideation

Ideation is the first stage of software product development. It involves brainstorming and coming up with as many creative ideas as possible. This stage aims to generate enough viable ideas that may eventually lead to a successful product. If you don’t have enough ideas, ideation can be conducted by a group of people in a brainstorming session. Once an idea emerges from a session, it should be documented so it’s not forgotten later. 

The next step is to decide which ideas are most feasible or desirable for development and try to build them into a prototype or mock-up. You should also try to assign them one or more key features that will make them unique and stand out from other products on the market.

Planning

Planning is the second stage of software product development. You are detail mapping out the entire project and its scope during this stage. You will be defining goals for the project, creating a timeline of milestones, budgeting, and defining roles and responsibilities. You will also identify what your team needs to do throughout the project to complete it successfully. 

For example, at this stage, you might hire developers or designers if you don’t have those skills on your current team. If your business doesn’t offer these services, you will start researching companies that can provide these services. You would then reach out to them and send them an RFP (request for proposal) outlining exactly what they need to provide. If they accept your proposal, you can move on to the next stage of developing your product.

Design

The user interface is created and visualized in the design stage. Sketches and wireframes are drawn to illustrate what the interface should look like. Research is conducted to understand better how users will interact with the product. This stage can be divided into low-fidelity wireframes, high-fidelity wireframes, and interactive prototypes. 

Low-fidelity wireframes are sketches of what an app or website might look like without pixel precision. Low-fidelity wireframes explore various layout options to determine which best suits a user’s needs. They don’t include much detail about color, fonts, or graphics because they’re not intended to be used as blueprints for development.

High-fidelity wireframes take it one step further by including more detail about color, fonts, and graphics, but no programming has been included yet.

Interactive prototypes take it even further by including animation and real programming (though it may not always have finished coding). They give users a chance to see what the product will look like when they use it while still giving developers room to work on new features later in development.

Implementation

Implementation is the process of developing the product and tying together all of the pieces. The first step in this stage is to plan how you want to execute your development. This includes choosing which tools to use, making a timeline, and mapping out where you are in project budgeting. 

Next, create a list of activities that need to be completed to get your product off the ground. Your list should include what needs to be done, who will do it, when they will do it, and how much time they will take. Finally, prioritize each task based on its importance and urgency, so you know which tasks need to be addressed first.

Testing

In the fifth stage of software product development, the product is checked for bugs and errors in software. This stage can be performed by manual or automated testing. Manual testing could involve using paper documents and walking through steps in the software’s design to ensure it does what it is supposed to do.

Automated testing could involve many methods, such as rerunning loops over and over until certain conditions are met, running a script with a tool such as Selenium to check every web page loaded on a website, and writing scripts that attempt valid user input in an application.

Deployment

At this point, the software is complete, and you’re ready to deploy it. There are many things you’ll need to do before deploying your software, such as: 

• Install the software on a server. 
• Create a new database or configure an existing one. 
• Configure the deployment using administration tools like FTP or SFTP. 
• Configure any third-party services (e.g., Google Analytics) that you want to integrate with your application. 
• Configure any email notifications for alerts and outbound marketing campaigns.
• Export backup information and other configuration data. 
• Run performance tests to make sure everything is running smoothly. 
• Get the latest security updates from the developer’s site or another trusted source. 
• Test in different browsers on different operating systems (Windows, Mac OS X). Test the system when it has limited bandwidth available. Test it when there is no network connectivity at all. Test it when only one browser is installed on the system where you’ve deployed your application (i.e., ensure your site still functions even if a user doesn’t have Chrome installed).

Note: Deployment should be well planned and orderly; otherwise, errors will happen during deployment, which could cause downtime of critical resources.

Maintenance

Once your app is fully released, the development process isn’t over yet. Ongoing maintenance and updates are necessary to keep your app running smoothly and up-to-date with current trends. Here are some things to consider after completing stage six of the software product development process:

1) Analyze data for bugs and glitches reported by users during the testing phases. 

2) Create a schedule for routine updates, patches, and fixes. 

3) Update coding language to comply with new programming standards. 

4) Address any security concerns as soon as possible. 

5) Monitor feedback from testers to ensure you’re meeting user expectations and needs. 

6) Consider implementing new features and updating existing ones based on customer requests. 

7) If changes require an update to program code or additional programmer work, re-evaluate their prioritization based on the cost they will incur in terms of time and resources. 

8) Continue monitoring technology trends related to your product so that you can continue providing relevant content or services to your customers. 

9) Provide customer service support by responding promptly and courteously when customers contact you with questions about their use of the product or services provided through it.

How To Have A Successful Business With Software Product Development?

Having a software development team in-house can save your business time and money. By having a software development team, you can create a product tailored to your specific needs, and you can get it done faster and cheaper than if you outsourced the work. 

Below are some tips on how to have a successful business with software product development: 

Define Your Goals

The first step to having a successful software product development team is to define your goals. What do you want to achieve with your software? What problem are you trying to solve? Once you know what you want to accomplish, you can set clear objectives for your team and hold them accountable.

Communicate Clearly

Effective communication is essential for any software development team. Make sure that everyone on your team knows the project’s goals and understands their role in achieving them. Clear communication will help your team work together more efficiently and avoid misunderstandings that can lead to errors.

Establish A Process

A software development process helps your team members understand what needs to be done and when it needs to be done. By establishing a clear process, you can avoid duplication of effort and wasted time. Many software development processes are available, so find one that works best for your team and stick to it.

Use The Right Tools

Having the right tools is essential for any software development team. The right tools will help your team work more efficiently and avoid errors. Many software development tools are available, so choose the ones that best fit your team’s needs.

Test your Software

Before you release your software to the public, it’s important to test it thoroughly. Testing will help you find and fix any errors in your software. Make sure to test your software on all platforms it will use.

Train Your Users

If you want your users to be successful with your software, you need to train them. Training will help them understand how to use your software and how to get the most out of it. Make sure to provide adequate documentation and support for your users.

By following these tips, you can have a healthier and better business with software product development. Having a software development team can save you time and money and help you create a product tailored to your specific needs. With the right team in place, you can accomplish anything you set out to do. 

How To Select The Right Partners For Software Product Development?

The software product development process is a long and complicated one, involving many different partners along the way. From designers to developers to marketers, it takes a team of experts to bring a product to market. But how do you know which partners are right for your project? And how can you ensure that everyone is on the same page, working towards the same goal?

Here we will explore selecting the right partners for software product development.

Conduct A Background Check On The Company

When selecting a software development partner, conducting a background check on the company is important. This will help you ensure that the Software App Development Company is reputable and has the experience and expertise necessary to produce a high-quality product.

To conduct a background check on a software development company, start by searching for the company online. Review the company’s website and look for customer testimonials or case studies. You can also search for the company in Google News to see if there are any recent news stories about them.

Next, check out independent review sites like Clutch or G2 Crowd to see what real customers say about the company. Finally, contact the company directly and ask them any questions about their experience or process. By taking these steps, you can be confident that you’re selecting a reputable software development partner.

Check a Company’s Ability

When you are looking to partner with a software development company, it is important to check their ability. This includes looking at their portfolio, case studies, and reviews. Checking a company’s ability will give you an idea of the quality of work they can provide and whether they are a good fit for your project.

Knowledge Of Different Methodologies

They have the knowledge and experience with different methodologies. This is important because it will ensure that they are able to adapt to your specific needs and requirements. Furthermore, it will also allow them to provide you with the best possible solution for your project.

There are a variety of different software development methodologies that partners can use, so it is important to make sure that they are familiar with the ones that you are interested in. Some popular options include Agile, Scrum, Lean, and Kanban. 

It is also a good idea to ask about their experience with other tools and technologies you plan to use for your project. This way, you can be sure they can properly support your development process.

Ability To Support Throughout The Cycle

The ideal partner will provide support during the entire development process, from initial planning and requirements gathering to final testing and deployment. They should also be able to provide ongoing support and maintenance after the product has been launched.

When evaluating potential partners, ask them about their support model and what level of support they can provide throughout the development cycle. Find out if they have a dedicated support team or if they outsource this function. Also, inquire about their post-launch support offering and whether they offer bug fixes, security updates, and new features as part of this service.

Ability to Understand Your Business

The right partner for software product development should clearly understand your business. They should know your company’s goals, objectives, and values. Furthermore, they should be able to understand your target market and audience. With this knowledge, they can help you develop a software product that meets your customers’ needs and helps you achieve your business goals.

Capable Testers

As your software product development partner, one of our primary objectives is to help you achieve high quality for your end product. Achieving this goal requires the involvement of highly skilled and capable testers who understand the nuances of testing software products.

Conclusion

I hope you’ve found this guide helpful and given you a good overview of the software product development life cycle. As we mentioned earlier, different businesses will have different needs and requirements for their software products, so it’s important to tailor the process accordingly.

If you’re seeking more specific advice or want help planning your software product development project, feel free to contact us. At ValueCoders, we have a proficient team of 650+ in-house software developers who can serve you 24*7. Outsource our software development services and leverage various business benefits for your next project.

The post A Complete Guide On Software Product Development Life Cycle appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

The goal of an MVP in Software Development is to validate a product idea quickly and cheaply without incurring the cost and risk of developing a full-fledged product. 

By starting with a small, imperfect product, businesses can gather feedback from early adopters and iterate rapidly to create a final product that better meets the market’s needs. While MVPs have become popular in the software industry, they can be applied to any type of product development.

Role Of MVP Development Services In Software Projects 

Launching a new software development project is always risky. There’s no guarantee that the finished product will be well-received by users or even work as intended. MVPs are often used to test new ideas and gather feedback from users, helping to reduce the risk of launching a full-scale development project. 
In many cases, an MVP can be built relatively quickly and cheaply, making it an appealing option for startups and small businesses. Building an MVP also has the benefit of helping to focus the development team on the essential features of the product. By starting with an MVP, you can avoid wasting time and money on features that may never be used.
 Ultimately, whether or not to build an MVP is a decision that depends on the risks and rewards of your particular project. But in many cases, an MVP can help to reduce the risks of launching a new software development project.

Determine The Direction of Design

Creating an MVP helps you validate the concept and get a fresh perspective regarding the features and interface elements that users may expect from a similar product. The data collected becomes handy in developing and designing the software to fulfill the audience’s expectations.

Improvised Functionality

MVP development services ensure the system’s proper functioning aligns with the business vision. Getting custom features in a product requires a skilled and resourceful team for better functioning. It is better to catch the bugs or any other deficiency in the development stage to avoid delays after the final release.

Develop a Unique Set of Features for The Product

An innovative MVP in Software development aims to solve recurring problems with understandable working principles. It enables you to make an easy-to-use product. The users get a faster and more efficient solution to their problem, and the development teams get their desired outcomes.

Precise Project Planning

Working on a minimum viable project imbibes the full concept of software. It decides features and technology stack selection. MVP often works as a reference point while working on a product.   

Benefits Of An MVP In Software Development

It aims to get the product out to the market quickly, so it can begin generating feedback from real users. First, it allows for more rapid iteration and experimentation. Since only the essential features are included in the MVP, there is less code to write and test. This makes it easier to make changes and try out new ideas. Second, an MVP can help to reduce development costs. By starting with a smaller scope, it is possible to cut down on costly features that may never be used. Finally, an MVP  can help you get your product to market faster. By focusing on the core functionality, you can get your product in front of users sooner and begin gathering critical feedback.

It aims to get the product out to the market quickly, so it can begin generating feedback from real users. First, it allows for more rapid iteration and experimentation. Since only the essential features are included in the MVP, there is less code to write and test. This makes it easier to make changes and try out new ideas. Second, an MVP can help to reduce development costs. By starting with a smaller scope, it is possible to cut down on costly features that may never be used. Finally, an MVP  can help you get your product to market faster. By focusing on the core functionality, you can get your product in front of users sooner and begin gathering critical feedback.

Present A Better Picture To Stakeholders and Investors

Startups include minimum viable products in their pitch deck. An MVP in software development gives the investors and stakeholders a risk-free decision-making process. It helps increase your brand awareness and attract skilled talent with an improved vision and upgraded idea of your functional product.

Better Cost-Efficiency of The Project

An MVP gives a better outlook of the necessary features required for the product’s success. It helps avoid unpopular methods among the beta testers.  

MVP helps the teams avoid building excess complex solutions. The development and maintenance costs witness an exponential reduction and a better understanding of the required talent before hiring extensive departments.

Retain Focus on The End Goal

An MVP reduces uncertainty and deters the team from procrastination. It helps shorten the feedback loop and enhances the overall development speed. 

Less Room for Error

The project gets more complex with the increased involvement of people and systems. The development process becomes harder to control. Newcomers in software development get used to the system. It avoids complexity and reduces potential errors. MVP development services help reduce system shutdowns and facilitate maintenance management.  

Better Relation With Prospective Customers

An MVP prepares the viable groundwork for product development. The development teams create a solution for the audience as the marketing team builds connections and spreads the word around the web. It enables you to attract daily active users to your future product. 

While an MVP in software development has many benefits, it is important to remember that it also has some risks. First, since an MVP is usually released with few features, it may not be able to meet all of the customer’s needs. This could lead to early user attrition. Second, an MVP may generate negative feedback if it is not well-received by the market. It is important to have a plan for how you will address this feedback before releasing your MVP. Overall, an MVP can be a great way to develop and release your software product rapidly.

Being productive is key to success in any field, but it can be difficult to maintain a high level of productivity day after day. That’s where the MVP system comes in. MVP stands for “minimum viable product.” The idea is to create the simplest possible version of your product or service that still meets your customers’ needs.

 It enables you to avoid getting bogged down in unnecessary details and to stay focused on what’s most important. Additionally, MVP development services help you get customer feedback more quickly and make better use of your limited resources. Keeping your product or service as simple as possible keeps you focused on what’s most important and gets it done quickly and efficiently.

Successful Businesses that Started With MVP Development

While there are no guarantees in the business world, developing a minimum viable product (MVP) can increase your chances of success. MVPs allow entrepreneurs to test their assumptions about a product or service before investing significant time and resources. If the MVP is well-received, it can provide valuable feedback that can be used to fine-tune the final product. Launching an MVP can generate buzz and create interest in a business before it is fully up and running. It helps attract potential customers and investors. Many notable companies have started with MVP development, including big names like Dropbox, Airbnb, and Tinder.

Meta (Formerly Facebook)

It started with the name “The Facebook.” As an MVP product, it helped the American students stay connected with friends from other schools. Initially, it became operational in four universities. Access was granted to everyone without any geographical barrier after it was successfully tested for a year.

Dropbox

Dropbox is a known file-hosting company. It implemented the MVP approach in the form of an explanatory video that demonstrated the possibilities and innovative functions of the technology. Surprisingly, signups increased 5 times in just one night without an actual product.   

Today, it has over 600 million users. By testing the business hypothesis and learning the actual market needs, Dropbox used the MVP strategy without releasing the actual software.

Groupon

The original idea was changed/modified with time to meet the market needs. As an MVP product, it gathered people with the intent of helping each other and running a crowdfunding campaign or boycotting some negligent stores. 

The original idea was modified to gather people for a crowdfunding campaign and boycotting negligent stores. Users started promoting its special coupons and promo codes. Manual emails were sent to individual customers for effective resolution of the requests. It helped save costs on software development and get better results from testing the product viability that later served global customers.

Twitter

It started as an SMS communication platform among Odeo, a podcasting platform, and employees. The MVP product provided only an SMS sending facility without hashtags, replies, reposts etc. Later, it developed into the modern world Twitter with all its accustomed features.

How can you Choose The Best MVP Development Partner?

When developing a Minimum Viable Product (MVP), choosing the right development partner is important. After all, the MVP development services are a crucial part of your product development journey, and you want to ensure you have a team that can bring your vision to life.

Here are a few things to keep in mind when choosing an MVP in Software Development:

Experience

You want to choose a team with experience developing MVPs. They should understand the lean startup methodology and know how to build and iterate on products quickly.

Skill Set

Make sure the team has the right skill set for your project. They should be able to code, design, and launch your MVP in a short timeframe.

Cost

You’ll also want to consider cost when choosing an MVP development partner. Make sure you get quotes from multiple teams before making a decision.

Chemistry

Choosing a team you click with is important. You’ll work closely with them during the MVP development, so you must have good chemistry.

Take your time and choose carefully – the right MVP development partner can make all the difference!

Conclusion

Building a minimum viable product (MVP) is a popular strategy for startup companies. The MVP in software development is a stripped-down version of the product that has just the core features necessary to satisfy early customers. The MVP approach allows startups to validate their product and market assumptions while minimizing development costs.

We have become aware of all the benefits of MVP development and its success stories in the business world. If you want to start your new project with MVP development services, contact a reliable MVP development company like ValueCoders. 

The 17+ years of experience in building world-class business-to-business and business-to-consumer applications has made ValueCoders a leading Indian Software Development Company that helps startups and enterprises create an MVP that is simple but stable. 

They also help these entities determine their long-term goals while speeding up the process of finding the need and making it easier on developers’ wallets.

The post Benefits of MVP Development Approach in Product Development appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

The history of software development spans centuries, not decades. From the first adding machine to calculate square roots hundreds of years ago, the technology has been advancing. Our civilization has been improving technology in ways previously deemed impossible.

And, those hardware and software upgrades brought some great advancements. It includes calculating calendars or even retail applications like letting customers buy things on credit. Moreover, Custom software development has always been a challenge for many companies.

A custom software project can be complex and time-consuming, which is why it’s important to have best practices in place to mitigate the risk of failure. So here, know which challenges and risks you can face while custom software development and how you can alleviate the risk with best practices. 

What Is Custom Software Development?

Custom software development is the process of building a custom solution for an organization’s needs. Customized solutions can come in many different shapes and sizes, such as mobile apps with specific features to fit your company branding or web applications that give customers easy access to their account info no matter where they are on any device. 

Many organizations choose this method because they are looking for something that’s not available in the market. Custom software development entails much more than just writing code to make an app or website work a certain way.

There is also project management, QA testing, UI design, and branding involved in this process as well. With so many steps involved, it’s critical to have a solid roadmap in place with predetermined milestones.  

Process of developing custom software application

The process of developing a custom software application involves the following steps:

Define your needs:

Before proceeding with any development or implementation plan, it’s important to first define your needs. This is the most critical part of any software development effort.

It is because you want to make sure all requirements are clearly identified, documented, and analyzed for feasibility before writing a single line of code or designing screens.

This will help assure that everyone involved in this project is on the same page when it comes time to start development work, and it also gives you a clear idea of your end goal. If you don’t take this step; it’s easy to lose sight of your project goals and get sidetracked by other nonessential features.   

Specify the requirements:

Once there is a clear understanding of what needs to be done, the next critical decision revolves around deciding how much work should actually go into each requirement before developing any solution.

This is where you’ll need to do some careful analysis of requests and determine how they align with the business needs.  

For example, if a customer comes up with an idea for a mobile application that can display all their products in one place, so they never have to worry about forgetting what’s on sale or running out of inventory, then this request is a great use case for some mobile-friendly web application.   

Just remember not to prioritize requests based on how interesting they are to you but rather on how much they’ll benefit the company’s business goals.   

Once all possible features are listed out and sorted with proper priority, then it becomes easier for developers to determine which requests can be completed in less time without compromising their overall project objectives. 

Also Read: Top 25 Custom Software Development Companies Offering Bespoke Solutions

Determine the budget:

Before starting any development work, it’s important that everyone involved in this project is informed of the costs that are associated with it. 

This includes time, resources, and any additional expenses that might be needed to successfully complete a project. Without having an accurate estimate for how much work will go into each request, you run the risk of overspending on your budget or not being able to deliver features as quickly as you should. 

Define the scope:

Once everyone has an idea about how long it’s going to take and what things are expected of them, then the next step is defining a clear scope for this project. This means detailing exactly how much work will be done on each request before moving on to other tasks or features that might come up later on. 

Once a solid roadmap is in place, it becomes easier for everyone involved to focus their efforts and make sure they’re spending time on the right tasks at any given moment.

Establish milestones:

A common practice among project managers when developing custom software applications is establishing short-term goals or checkpoints known as milestones. These are used to monitor progress, finalize requirements and ensure that everything is on track before continuing work.

The number of milestones needed will vary depending on the size and complexity of a project, but they’re usually set at certain points in order to hit deliverables or key events such as initial development kickoff, launch date, or adding new features. This way, there’s always a clear idea of what has been achieved and how much work is left until the project is completed. 

Designing and Development:

With all the necessary groundwork completed, it’s time to start designing and developing your custom software application. This is where you’ll need to make sure you have a solid team of developers who are well-versed in the latest technology trends as well as best practices for efficient development workflows.

Moreover, in order to form a leading software, it’s important to use attractive UI/UX design, appropriate programming languages, and technologies.

PHP, JavaScript, C#, Java, and Python are the most preferred programming language for software development.

Around the globe, Linux is one of the most popular software development platforms.

Testing:

You don’t want to miss one tiny detail during this process. That’s why it’s important to test each small piece of the software development chain before moving on and adding more features or functionality. 

The best way to check whether there is any bug in your app or not. For this, you need to do beta testing, which can be done by asking clients to test the application.

Deployment and Marketing:

Deploying your custom software is not less important than any other phase of the development process. If you are deploying an app online, then first create a landing page for that particular app to tell people about it, and on that, insert Google Analytics code so that you can track visitors coming from different sources, i.e., search engines, referrals, etc.  

At last, you need to promote your app and make it popular among the masses. You can do so by putting ads on different Google Adwords platforms or Facebook pages, and so on…

Well, by taking help from a recognized custom software development company, you can manage all the custom software development processes in a simple and agile way.

Risk and Challenges Involved In Custom Software Development

Custom software development is challenging work that comes with many risks. Like any project, there are always unforeseen circumstances that can happen along the way. Here’s a breakdown of some common risk factors involved in custom software development:

You’re Overly Ambitious 

Although you might think your idea is unique, there is a good chance that the features and requirements already exist in custom software development solutions. Without looking into available options before diving headfirst into development, this can lead to wasted time and money when you realize it’s not what was needed after all.

This typically happens with startups where the founder wants to create something that is much more than what they originally intended. 

The Solution Is Not Solved

When you’re working with custom software development, there’s always a chance that the solution isn’t solved in such a way that it’ll actually benefit the company moving forward. This could be because requirements were misunderstood or not well thought out.

Without making sure that the solution fits into your business model, it might not be worth all of the time and energy you put into development, to begin with.

Project Don’t Have Purpose

Without a clear purpose for the software you’re creating, it’s likely that your project will be abandoned. It may get limited in some way. Without having a solid goal to work towards, there is no direction. In fact, nobody can determine if they are reaching success because things like ROI cannot be calculated.

Poor Reach and Communication

Most projects need a team of people working together to make sure everything is completed as it should. There should be proper reach and communication from the team. Without this, things can slip through the cracks or not be done as they were intended. It ultimately leads to frustration on all ends. 

Inaccurate Development Estimates

When it comes to custom software development, most projects are done on an Agile or Waterfall model. These models require accurate estimates of the time and resources needed for each step in order to avoid going over-budgeted hours and having a team sitting around waiting to move forward with other parts.

Without planning properly and accurately estimating, you’re likely to see a lot of wasted time. 

How To Alleviate The Risk Of Failure With Best Practices?

The best way to avoid failure is by doing your research. You must know what you’re getting into before developing the software. This will help weed out any bad ideas or projects that are not feasible at the beginning of a custom development project.  

Here’s how to reduce risks and challenges:

Start with an MVP

You must start with an MVP (minimum viable product) if you want to reduce the risk of failure. Also, make sure you’re getting one that’s proven. This is a critical step in mitigating your risks early on while still allowing room for changes if needed.

Start Small

The best way to mitigate challenges during custom software development is by starting small and then expanding. This way, if something goes wrong with any step of the process, you can just go back to the previous stage and fix it instead of having to start all over again. 

Prioritize

Another best practice is prioritizing your project in order to make sure everything gets done on time while minimizing risk. Make a list for every task, and then determine the order in which you want to do them. 

With these best practices, you can reduce your risks of failure when custom software development is involved. Customizing a solution for your business needs may be complex and time-consuming, but it doesn’t have to be risky if you’re aware of all possible challenges ahead of time.  

Communicate Frequently

Custom software development requires a lot of communication between you and your developers. To reduce risks, make sure to communicate frequently about what’s going on with the project so there are no surprises later down the road or misunderstandings that can cause delays.  

Technical Risk Mitigation

When it comes to custom software development, there are many variables that can cause challenges. Technical risks include things like whether or not the code is maintainable and reusable for future projects. Moreover, this can be a case if all requirements have been met by everyone involved in the project.

There are also organizational risk factors such as a lack of communication between your team members. However, it may be if there are too many people working on the project at one time.

By following these risk mitigation best practices, you can avoid many of the major risks and challenges. This usually comes with developing a custom software solution for your business. The more prepared you are ahead of time, the better off you’ll be on project completion, and this is what a company wants? 

Here is How ValueCoders Eliminate Risks In Software Development?

The software development team at ValueCoders follows the following things to eliminate the risks in software development.  

• Proper Planning & Analysis
• Defining plans to clients
• Frequent communication
• Multiple Testings 
• Timely Update and Maintenance

About Us

ValueCoders offers custom software development services that are second to none. They have maintained 97% client retention and delivered 4200+ projects so far.

They have the business domain knowledge, proven methodologies, and technological expertise of 450+ skilled developers from around the world. Also, they are who can code in over 14 different languages, including Python or C#.    

Moreover, ValueCoders software developers ensure outstanding quality output for their clients’ needs all across industries like healthcare & life sciences as well retail companies such as Google.  

The post Custom Software Development Challenges: Alleviate Risk with the Best Practices [White Paper/PDF] appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Thus, we must develop a user-friendly and futuristic business application that fulfills the expectation of all of our target audience with greater convenience and swiftness. You know the significance of exclusive custom software if you are striving to lure your target customer using an excellent tool. 

Like the company you are partnering with must have 

• Expertise in modern technologies 
• Relevant experience  
• Consolidate data security provisions 
• Provision for NDA & QA 
• Team of deft developers 

However, hiring such a custom software development company that can infuse modern tech to create a nerve-wracking tool requires sharp eyes. Mounting on the journey to find the right custom software development company, you will find that there is a number of firms that brag about their expertise. However, not everyone can suit your needs and complete desirable software development. 

Thus, I am enlisting the top 25 custom software development companies that can deliver a mind-blowing solution as per your requirement. This list is entirely based on my research and analysis that includes:

• Reviews from previous clients 
• Awards and recognition 
• Expertise and years of experience (average ten years)
• Area of support and excellence 
• Consulting & client support 

These firms are contributing to the best custom software development in the world. I am sure these companies can help you secure one-of-a-kind software applications for both organization and customer interaction. Let’s take a glimpse at the top 5 custom software development companies to pick for your enterprise application. 

Also Read: 5+ Reasons Your Company Should Opt For Software Development Outsourcing

Top 25 Custom Software Development Companies

1. Orases

The company is coveted for catering innumerable value and believes in delivering solutions that provide value to users’ life. Owing to its approach, the company takes place second position in the list of top custom software development companies.  

As an authorized custom software development company, it strives for enhancing human life through advanced tech design and solutions. It aligns visions and development processes to craft solutions as per business needs and potent to fulfill users’ expectations. 

As a team of best custom software developers, it has delivered various incredible systems like ERP’s CRM, EMRs, APIs, and different web and app solutions able to manage complex datasets and offer excellent performance. 

2. ValueCoders

It is one of the renowned IT outsourcing companies coveted for providing the best offshore software development services to its worldwide clientele. With a team of more than 450 developers, designers, and tech consultants, it helps businesses to devise and develop a tech solution that enables them to accomplish their pursuits in the competitive market. 

It is recognized as one of the top custom software development companies due to its expertise in crafting industry-oriented solutions. NASSCOM, Asia Red Herring, Clutch, and many other forums have awarded the company for its excellence and high-grade assistance. 

Its clientele has also appreciated it for its convenient developer hiring model and innovation in software application development. As a known name in the software outsourcing world, the company is aiding small and large businesses to get multipurpose digital solutions. If you want to secure a business-oriented solution, hire a top custom software development company that can offer bespoke solutions on time.

Founded: 2004 

Employees: 500+

Headquarters: Gurgaon, India 

Rating: 5.0/5.0

3. PixelCrayons

PixelCrayons boasts a team of experienced software developers who excel at turning ideas into reality. With their deep understanding of the latest technologies and industry best practices, they create custom software solutions that align with clients’ unique requirements. Whether it’s web applications, mobile apps, enterprise software, or cloud-based solutions, PixelCrayons delivers robust and scalable software that drives business growth.

What sets PixelCrayons apart is its commitment to delivering excellence. The company follows a structured and agile development approach, ensuring transparency, regular communication, and client collaboration throughout the project lifecycle. This approach not only ensures that the software meets the client’s expectations but also enables timely delivery and cost-effective solutions.

PixelCrayons understands that every business has specific challenges and goals. Hence, their team goes the extra mile to comprehend the client’s business processes, objectives, and target audience. This deep understanding allows them to create software that not only meets the client’s current needs but also offers scalability and flexibility for future growth.

Founded: 2004 

Employees: 500+

Headquarters: Noida, India 

Rating: 4.9/5.0

3. Fingent

As an award-winning custom software development company, Fingent is available in the IT business for more than 16 and has successfully delivered 700+ projects to its clientele across four continents. Its offices are located across the US, UAE, Australia, and India. The company is a global partner of Odoo and K2 for the US region.

In the past two decades, the company has collaborated with so many startups, large enterprises, and mid-market ventures and helped them leverage modern tech. Many market leaders such as Sony, Asteco, Johnson & Johnson, PwC, and more composed its clientele list. 

It is recognized as an innovative custom software development team due to the expertise in infusing solutions for resource reduction and productivity for the organizations. The companies’ business analysis and communication skills enable their clients to understand the complexities and help them to visualize solutions through mock-ups & workflows. To win the changing marketing place, you can consult this company and secure an incredible custom software solution.

Founded: 2003

Employees: 250+

Headquarters: White Plains, NY

Rating: 4.9/5.0

Also Read: A Complete Guide on Hiring Dedicated Development Team

4. ELEKS

ELEKS is a gold verified custom software development company over clutch and thriving as an admired choice among the world’s leading enterprises for inevitable project development. It has aided several businesses to elevate their value by infusing incredible custom software. 

It enables its clientele to secure full-fledged application development from product design to blockchain solution integration, capacity services, and enhanced digitization from smart teams. They have successfully delivered 650+ end-to-end solutions to its global clientele. 

Being headquartered in Lviv Ukraine, the company has offices and consultancy services in different geographical regions. If you are seeking secured and scalable custom development services, then nothing can replace its team’s credibility.

Founded: 1991

Employees: 1000+

Headquarters: Lviv, Ukraine

Rating: 4.8/5.0

5. 10Pearls

10Pearls is a custom software development company with extensive experience in delivering Bespoke Solutions for clients pf different industries such as healthcare, retail, traveling and tourism, and more. The corporation helps businesses improve their productivity, and moreover, they offer scalable, flexible, and smart software development solutions.

Founded: 2004

Employees: 250–999

Headquarters: Vienna, Virginia

Rating: 4.9/5

Services: Enterprise & Web Application Development, Mobile Development, Product Development, Artificial Intelligence (AI), IT Services, iOS development, Custom Software Development, Website Design & Development, Social Media Marketing, and more.

Key Clients: Johnson & Johnson, PayPal, CocaCola, AmWell, Zubie, Telmate, Homeland Security, AmeriQuest, Franklin Templeton, and more.

6. The Software House

The Software House is the top-notch custom software development company that helps businesses in all industries, from retail to finance. They provide bespoke applications and services across the entire digital spectrum — mobile apps, web applications, software, and more! The Software House delivers world-class solutions for customers with diverse business needs using cutting-edge technology.

Founded: 2012

Employees: 201–500

Headquarters: Gliwice, Śląskie

Rating: $50 — $99 / hr

Services: Custom Software Development, Web Development, Product Design, Mobile application development, Android and iOS app development, PHP, Java, Python development, UX/UI, Product Development, and more.

Key Clients: Takamol, WieBetaaltWat, Synerise, Worldwide101.com, MEDarchiver, Flyo, PAAY, and more.

7. Ready4S

Ready4S is a custom software development company that specializes in helping businesses with their digital transformation. They deliver mobile, responsive web, and desktop apps that provide a seamless experience to end-users every single time! Additionally, the experts of the corporation have helped customers from different industries increase productivity while rendering them an easy way of accessing data anytime they want.

Founded: 2011

Employees: 50–249

Headquarters: Kraków, Małopolskie

Ratings: 4.8/5

Services: Custom software development service, PHP development, HTML, CSS, C#, Parse, MVP, Agile, UX/UI, web app development, IoT, Artificial Intelligence, serverless, Node.js, MongoDB, Hadoop, and PostgreSQL, and more.

Key Clients: Coca-Cola, Credit Agricole, La Roche Company, Red Flag Group, Seek Asia, and more.

Also Read: Cybersecurity in Software Development: Why it Matters More Than Ever

8. Kanda Software

Kanda Software provides custom software solutions to its clients. The developers of the corporation have a minimum of 3 to 4 years of experience. The software development experts have successfully managed to deliver a wide range of software solutions and projects, from small-scale apps to large-scale web applications for companies around the globe.

Founded: 1992

Employees: 201–500

Headquarters: Newton, Massachusetts

Rating: 4.9/5

Services: Custom Software Development, Data, and Application Security, Software Development, Software Product Development, Software Development Services, Software Engineering, Mobile App Development Services, iOS/Windows/Android App Development, and more.

Key Clients: Janssen, Partners Health, Verizon Media, OneSky Group, Rue Gilt Groupe, Imprivata, and more.

9. Avenga Solutions

Avenga Solutions is one of the reliable custom software development companies that help businesses in all industries, from retail to finance. They provide bespoke and excellent software development solutions across the world. Moreover, the developers of the corporation integrate trending technologies such as AI, IoT, Blockchain, and more.

Founded: 2019

Employees: 1,000–9,999

Headquarters: Cologne, North Rhine-Westphalia

Rating: 4.8/5

Key Clients: Credit Suisse, Trov, QPharma, Postbank, ABB, Allianz, SwissLife, Mazda

Services: Product engineering, Strategic consulting, Customer experience, Solution engineering, AI, AR / VR, Enterprise application development, Data Science & Big Data services, Enterprise management systems, Cloud, UI / UX, Digital Platform development, and more.

10. Boldare

Boldare is a custom software development service provider that offers innovative solutions for clients in the financial, health care, retail, and IT sectors. The custom software developers of the corporation are highly experienced in creating solutions for iOS, Android, Windows Phone, etc.

Founded: 2004

Employees: 51–200

Headquarters: Gliwice, Śląskie

Rating: 4.7/5

Services: Web Applications, PHP, Java, Mobile Applications, Python, iOS, Android, JavaScript, Product Design, Machine Learning, Interface Design, Digital Transformation, Bespoke Software Development, and more.

Key Clients: ING, Vattenfall, TVN, Tauron, LeaseWeb, Oneida Ltd, and more.

11. Simform

Simform is a software development company that provides custom software development, dedicated team services, and software consulting to businesses around the world. They specialize in developing innovative and scalable software solutions for a range of industries, including healthcare, education, finance, and more. Simform has a team of experienced developers, designers, and project managers who work together to deliver high-quality software products and services to their clients. They have a strong reputation for delivering projects on time and within budget.

Founded: 2010

Employees: 1000+

Headquarters:  Orlando, Florid

Rating: 4.9/5

Services: Cloud Technologies, Web Application Development, Quality Assurance for Web apps, Open Source Platforms, User Experience, PHP, MySQL, Mobile Application Development, Enterprise software development, Custom Software Development, IT Infrastructure, WordPress, and more.

Key Clients: HP, Zendesk, Classcraft, Sony, Indeed, Dialpad, Red Bull etc.

12. Itransition

Itransition provides custom software solutions to its clients. The software developers of the corporation have a minimum of 2 years of experience in delivering full-cycle projects, from business analysis and project management through design, development, testing, integration/configuration/deployment activities to maintenance.

Founded: 1998

Employees: 1,000–9,999

Headquarters: Lakewood, Colorado

Rating: 4.9/5

Services: Custom Software Development, Enterprise Application Integration, Technology Consulting, Software Product Development, Enterprise Systems Development, Software Testing, Maintenance and Support, and more.

Key Clients: Expedia, Xerox, Toyota, eBay, PayPal, Adidas, Shell, and so on.

13. Intellias

Intellias is a custom enterprise software development company that provides comprehensive solutions for startups, SMEs, and large enterprises. The company’s team of software engineers and designers is dedicated to delivering high-quality, scalable solutions across a variety of platforms.

Founded: 2002

Employees: 1,001–5,000

Headquarters: Lviv, Lviv Region

Rating: 4.8/5

Services: Software engineering, product development, managed delivery, dedicated teams, IoT, embedded software, artificial intelligence, UX/UI Design, nearshore outsourcing, IT outsourcing, Cloud, DevOps, Big Data, and more.

Key Clients: Siemens, Deloitte, Anglo-Gulf Trade, KIA, Nokia, Roche, etc.

Also Read: Node.js vs .NET vs. PHP: Choosing the Right Stack for Software Development

14. Frogslayer

With over 16 years of experience in custom software development companies, Frogslayer helps businesses achieve their goals through the most innovative and cost-effective solutions. The organization provides custom software solutions such as mobile and web apps, digital products for the iPad/iPhone platform, cloud computing services, and more.

Founded: 2005

Employees: 51–200

Headquarters: College Station, Texas

Rating: 4.9/5

Services: Custom Software Development, Software Prototyping, Product Development, Mobile & Tablet App Development, Software Reengineering & Modernization, Application Hosting & Support, Web Development, and more.

Key Clients: Schlumberger, Weatherford, NCR, Best Buy, Wrigley, Microsoft, TEES, National Instruments, and more.

Also Read: How CRM Software Development can Optimize Performance of Your Business

15. Radixweb

Radixweb is a custom software development company in India that specializes in helping businesses with their digital transformation. They deliver mobile, responsive web, and desktop apps that provide a seamless experience to end-users every single time!

Founded: 2000

Employees: 201–500

Headquarters: Ahmedabad, India

Ratings: 4.8/5

Services: Custom software development service, PHP development, HTML, CSS, C#, Parse, MVP, Agile, UX/UI, web app development, IoT, Artificial Intelligence, serverless, Node.js, MongoDB, Hadoop, and PostgreSQL, and more.

Key Clients: Ricoh, Shutterfly, New York Times, DITTO, Tesco, FastTrack, and more.

16. Zibtek Inc

Zibtek is one of the most reliable custom software development companies that has been providing IT solutions across various verticals since 2009. The corporation also offers quality assurance and testing services to its clients. The companies dedicated team of professionals can help you improve your business processes by developing highly functional enterprise-level applications.

Founded: 2009

Employees: 201–500

Headquarters: Draper, Utah

Rating: 4.8/5

Services: PHP, Node.js, Rails, Web application development, Android, iOS, .Net, Java, Angular.js, Software Development, Custom Software, ERP systems, MEAN, Javascript, MongoDB, node.js, and more.

Key Clients: Princeton Review, Zinch, Chegg, Orabrush, Gandysoft, Finworx.

17. MojoTech

MojoTech is a famous custom enterprise software development organization that specializes in offering techno-driven solutions. The corporation has formed an experienced team of developers with experience across various industries to ensure successful results for their clients’ projects.

Founded: 2008

Employees: 51–200

Headquarters: Providence, RI

Rating: 5/5

Services: Ruby on Rails, Mobile Development, User Experience Design, iOS, Cloud Development, Cloud-Native, Custom Software Development, React, React-Native, UX/UI, and so on.

Key Clients: Blue Shield, Credit Karma, Dow Jones, MoneyLion, Schneider Electric, and more.

18. Sidebench

Sidebench is a custom software development company that provides matching solutions to all business verticals. With the team’s diverse expertise, they are able to create high-performing softwares for web and mobile devices alike. They not only develop applications but also provide companies with marketing tools, full technical support.

Founded: 2012

Employees: 11–50

Headquarters: Santa Monica, CA

Rating: 4.9/5

Services: Mobile apps, custom business applications, business intelligence, user experience design, systems integration, innovation, design, development, custom software, Web Application Development, Mobile app development, UI/UX Strategy, and more.

Key Clients: Legendary Entertainment, United Talent Agency, Oakley, Pabst Blue Ribbon, and more.

19. ROCKETECH

Rocketech is a custom software development company that works with clients across multiple industry verticals. The company has successfully developed solutions for many industry leaders around the world. The companies team of software developers, project managers & designers bring unique insights to their client’s business problems and deliver value through quality products that help them achieve maximum productivity.

Founded: 2012

Employees: 50–249

Rating: 4.9/5

Services: Custom web app development, mobile application development, iOS, and Android app development, custom software development services, website development, eCommerce software development, and more.

Key Clients: Galamart, Walmart, McKinsey, Vodafone, Sberbank, Unilever, TinkoffBank, Mail.ru, and HAYS.

20. Woodridge Software

Woodridge Software is a custom software development service that proffers bespoke solutions to its clients. The software development team at the firm builds extraordinary software and try to meet the client’s key requirements to offer exceptional result.

Founded: 2012

Employees: 11–50

Headquarters: Golden, Colorado

Rating: 4.8/5

Services: Business Process Software, Android Application Development, iOS app Development, Website Development, Software Development, Product Development, Mobile Application Development, and more.

Key clients: CleanPlanet, Outreach Smartphone Monitoring, AirTurn, Contractors Health Trust, and more.

21. KitelyTech

KitelyTech is a software development company that renders innovative solutions to its clients in diverse sectors such as healthcare, retail, eCommerce, and more. The team of KitelyTech consists of software developers, analysts, and designers with years of experience under their belt. They know the needs and expectations from each client they work for and ensure satisfaction through every aspect — be it user-friendly interfaces or seamless customizations.

Founded: 2009

Employees: 11–50

Headquarters: New York, NY

Rating: 4.9/5

Services: Web Design, Mobile Applications, Web Development, Custom Software Development, Saas Applications, SalesForce, Reporting & Data Analysis, Graphic Design, SEO, Franchise SEO, Local SEO, Online Marketing, SEM, and more.

22. Techstack Ltd

Techstack Ltd is a custom software development company that works with SMBs and big enterprises by delivering high-quality softwares. The company has over 6 years of experience in building outstanding software solutions; moreover, the development team of the corporation is highly skilled and experienced at using trending technology in software development.

Founded: 2014

Employees: 50–249

Headquarters: Tallinn

Rating: 5/5

Services: Custom software development, mobile application development, website development, iOS, and Android application development, UI/UX design, eCommerce web development, App maintenance & testing, Technology integration, and more.

Key Clients: Corel, MindManager, Gravit, WinZip, Reviver Soft, and more.

23. Nexocode

Nexocode is one of the extraordinary custom software development services providers around the world. They have an extensive portfolio of projects from which you can choose to get a better idea about their work quality and the types of solutions they offer. Moreover, the organization’s software developers are very well known for offering high-quality services at affordable prices.

Founded: 2017

Employees: 11–50

Rating: 4.9/5

Services: Custom Software Development, Digital Marketing Services, Data Analytics & Reporting, Full Stack Web Development/Designing/Programming, Mobile App Development/Programming, Web Hosting Services, and more.

Key Clients: Predica, Jetstream by Leavetown, MaxiPizza, and more.

24. eTeam

eTeam is a custom enterprise software development company that renders localized services to its clients. The custom software developers of the corporation have a minimum of two years of experience in the industry and work with both legacy systems, new technologies, business processes, products, and more. Additionally, the firm works on projects for companies across all major industries — from finance to retail!

Founded: 1999

Employees: 501–1,000

Rating: 4.9/5

Headquarters: South Plainfield, New Jersey

Services: Custom Software Development, Data Migration Services, eCommerce Solutions, Strategic Project Staffing, SOW Services, Mobile App Development, Software maintenance, and testing.

Key Clients: Bluesnap, InComm, Genie, Taksware, VanillaDirect Pay, and more.

25. Binariks

Binariks is one of the leading custom enterprise software development companies that proffer top-notch solutions for its clients across the globe. They have been powering digital transformation projects since

2014, and their team of experts has formed countless apps and systems to help businesses grow faster than ever before.

Founded: 2014

Employees: 51–200

Headquarters: Lviv

Services: Software Development, Custom Software Development, Product Development, IT outsourcing, Ukraine IT outsourcing company, Web Development, MongoDB, Mobile Development, Android, iOS development, and more.

Key Clients: EatStreet, eMotorWercks/EnelX, Pelican Procurement, Edulab, and more.

Don’t Miss: A Complete Guide to Know How Custom Software Development Amplify Companies Success Graph

Final Text

As per my research, these are the top custom software development companies that you can reach out to secure bespoke market-leading solutions for your business and serve the transforming customer expectations. Also, here is a list of top app development companies which you can check for more companies.

I am sure this list will help you hire developers with the desired expertise. If you want to add any company to this list or place at a specific position, let me know in the comments.

The post Top 25 Custom Software Development Companies Offering Bespoke Solutions appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

As per the latest stats by Statista, the custom software development market is expected to generate a revenue of $507.2 billion by 2021.  

But, we are surrounded by a plethora of software development tools which make it somehow difficult to decide upon the best one. So, I have produced this infographic to help you best.

This infographic representation is capable enough to help you in choosing the best software development frameworks, tools, or libraries for your future projects. 

Popular Software Development Tools, Libraries & Frameworks (Infographic)

TOP SOFTWARE DEVELOPMENT TOOLS

These tools are generally available in the form of compilers, debuggers, assemblers, code editors, linkers, analysis tools, and GUI designers to develop an application. Some parameters to consider before developing an app using these tools:

1. Check the tool usefulness
2. It’s a learning curve
3. Integration with another tool
4. Appropriate environment

Top names in the list of software development tools:

NetBeans, Sublime Text, GitHub, Codepen, Gleek, Atom, Azure

TOP SOFTWARE DEVELOPMENT FRAMEWORKS & LIBRARIES

A software development framework generally includes code, libraries & default programs. It can be used as a stand-alone application as it is a set of object-based libraries to build software.

Must Remember: There is a big difference between a framework & a library. GUI system, plug-in manager are examples of software development frameworks.

Also Read: TOP 5 CUSTOM SOFTWARE DEVELOPMENT COMPANIES OFFERING BESPOKE SOLUTIONS

Top names in the list of software development frameworks:

Angular, Laravel, Django, Flask, Tensorflow, NodeJS, ROR, jQuery

On the other hand, network protocols, image manipulation, compression, string utilities, and regular expression evaluation are examples of software development libraries.

Top names in the list of software development libraries:

React, Lodash, Bootstrap, Nuxt.js, Next.js, Bulma, Phoenix

Ending Note:

I hope the above infographic would surely help you in choosing the best software development tool for your next project. If you have already selected one and ready to implement your project, then you can outsource custom software development services from a reputed software development company like ValueCoders. 

Must-Read: A COMPREHENSIVE GUIDE ON SOFTWARE DEVELOPMENT (VERSION 2021)

ValueCoders is a reliable custom software firm having 16+ years of business experience and served approx. 2500+ customers globally. Contact Now!

The post Grab Top Software Development Frameworks, Tools & Libraries in 2021 (Infographic) appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Make no mistake, the novel coronavirus is as big as a problem as it gets. But the world will eventually come out of it. At that time, would you want your startup to take its time to freshen up and understand the needs of the market? Or would you want to start preparing a great software product so you’re ready when the market needs it most?

I’m pretty sure your choice would be the latter, but most businesses have their hands tied. They’re unable to operate due to lockdowns, disruption in supply chains, unavailability of staff, and out of myriad problems created by COVID-19. Yet, there are few businesses that are fortunately working as smooth as ever, especially in the software outsourcing sector.

So if a business (maybe yours) is unable to work on an in-house software project due to COVID-19, is it a wise choice to outsource it to an offshore software development company? Why outsourcing is important? What are the benefits of outsourcing a software development project?

Say, if you’re a tech startup in desperate need to capitalize on an opportunity and establish a market presence, then:

1- This isn’t the best time to run your business.

2- Once we’re done with COVID-19, the state of the market at the time will present unprecedented opportunities that startups could capitalize on.

But at the same time, your startup could be competing with 100s of established enterprises looking to capitalize on the same opportunities.

Is there something you could to have an edge over potential competitors in such a scenario? Product Development Outsourcing could be the masterstroke for a competitive advantage in the long-run. Here’s why.

As you may know, there are multiple options available in the market to build functional software products. However, when it comes to startups, there’s a conventional line of thought which says that the benefits of outsourcing are for enterprises only.

But you can certainly outsource product development as a startup and this is important to your business as well, especially in this pandemic situation. 

Benefits of Outsourcing

There are multiple benefits of outsourcing IT and software development services. let’s start with cost.

Cost-cutting

Managing a budget is a big challenge for startups. However, outsourcing helps a lot to do it right.

In fact, according to a research, 87% of US companies outsource product development to save cost. 

Outsourcing provides a global talent pool at a low cost. You hire a backend developer (in-house) at  98000 USD/year and it comes down to 22000 USD/year when you outsource.

The risk is lesser

In the case of new products whose market is yet to be tested, outsourcing plays an important role in mitigating the risks of trying out something new.

Since the outsourced teams work on flexible models the risks are definitely lower.

It’s Faster

Outsourcing the development helps in faster development with the Agile model and helps in tremendously reducing the time to market.

9% PEOPLE GLOBALLY outsource only to fasten their process.

Technical Expertise

You may be new to the market. That’s not an issue until you have technical expertise with you. If you already have that, then it’s good, however, if you don’t- then it is better to outsource.

15% PEOPLE GLOBALLY outsource to access expertise

Free up time and more focus

For startups, investing time into high priority things is very important. One of the greatest benefits of outsourcing is that you free up your time for other important things. This helps a lot.  This image will show you some other reasons why is outsourcing important:

You can also check this list from entrepreneur.com about successful startups that leveraged the benefits of outsourcing successfully.

key steps for your startup to effectively outsource product development

Choose the Right Vendor

Choosing the right vendor for outsourcing application development is a must. An outsourcing company with expertise in the required development skills will surely be helpful. Picking up freelancers is definitely not advisable, as they cannot be relied upon, for taking up product ownership.

One of the important points to consider while selecting a vendor for outsourcing development is the flexibility of hiring models.

This helps the startup choose a hiring plan that will optimize the costs of outsourcing in accordance with the development requirements.

It is also important to evaluate the portfolio of the hiring vendor to understand the level of specialization in different business verticals.

Defining The Scope Of The Project

The second most important step in outsourcing your product development is to define the scope of the project. First, you need to convert the business idea into a business plan and then put down what all you need from a successful product. Defining the technology with which you wish to develop your product is another crucial decision. This also helps in defining the skill levels of the teams you wish to hire.

Once the scope of the project is defined and the vendor for product development has been chosen, the service level agreement with the vendor can be created.

This helps in ensuring that the outsourced teams are working according to the plan of action.

The outsourced teams must be clearly communicated about the expectations and the milestones. This helps in developing mutually beneficial relationships with the outsourcing partner.

Communication

Keeping in touch with the outsourcing partner on a regular basis and reviewing project work in progress on a constant basis is important. This is helpful in improving project productivity levels. Motivating remote teams with incentives and appreciation is helpful in getting better business results.

Overall, a continuous communication helps you to finish tasks smoothly.

Wrapping Up

Looking to outsource your startup project? Here are some key benefits of outsourcing you software development needs to ValueCoders:

1. Flexible hiring models
2. Advanced technical project consultation
3. Agile methodology and timely project delivery

ValueCoders( a leading software development company in India)provides expert agile teams for all kinds of startup site and application development. We have teams across all our departments, all 350 of them working remotely to assist all your software development outsourcing requirements.

We know these times are rough, but our entire team is working through it. And we are doing it for small businesses, startups, and enterprises like yours; so everyone could come out safely this pandemic, together!

The post Why Outsourcing is Important For Startup Product Development? appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Yes, you heard it right. 

Among the different software development methodologies, Agile and Waterfall are among the most popular SDLC methodologies in the present.

The dilemma of choosing the right development methodology is the same with software development teams and entrepreneurs who are always looking out for the right development approach for different projects and businesses. 

But before digging into the dissimilarities, let us have a closure look at what they are and their strengths and weaknesses.

What is Agile Methodology?

Agile methodology focuses on the continuous iteration of development and testing during the entire software development process. This form of SDLC model increases communication among clients, developers, and testers.

The software development approach was developed by Scott Ambler during the autumn of 2000. Though initially dubbed Extreme Modelling (XM) was later renamed as Agile Modelling at the suggestion made by Robert Cecil Martin.

The Agile approach is an iterative and team-based approach to software development. It is a distinct type of Rapid Application Development (RAD) Model. A relatively newer software development model as when one compared to the classic Waterfall Model.

When you opt for an Agile based development approach, your project is divided, time-boxed, into phases called sprints. Every sprint encompasses a defined duration, typically, in weeks, with a list of deliverables that were planned during the start of the sprint.

The deliverables are prioritized in terms of the business value which is determined by none other than the client(s). The Agile methodology conforms subsequently to a high level of customer involvement throughout the entire software development process.

There will be cases when the planned work for a particular sprint can’t be completed for some reason(s), then, in that case, the entire work will be reprioritized while the information gained is used for the upcoming sprint planning.

The entire completed work is evaluated and reviewed by both the project development team and the client. This will be done through daily builds as well as end-of-sprint demos.

What are the Pros and Cons if you opt-out for Agile Software Development Methodology?

What do you understand by the Waterfall Software Development Approach?

Waterfall, also known as the traditional approach to software development, the waterfall model follows a linear approach to software development. Because of this, it is also known as the Linear-Sequential Life Cycle Model.

The first description of the Waterfall model was deprived of the word Waterfall, which was first cited in the feature article by Winston W. Royce in 1970. 

However, it is in the year 1976 in which a paper by Bell and Thayer is believed to feature the term Waterfall for the very first time.

The Waterfall Model follows a sequential approach, hence the project development team can only move on to the next stage if the previous phase achieves successful completion.

What are the Pros and Cons if you opt-out for the Waterfall Software Development Methodology?

Agile Vs Waterfall: The Ultimate Face-Off:

Conclusion:

Agile and Waterfall development methodologies are distinct forms of software development methodologies. 

So, if you have a software development project that has evolving or uncertain requirements, then it is ideal for you to use the Agile methodology. On the other hand, if you have smaller software development projects with definite requirements, then you can find the Waterfall model to be your best pick.

We hope that the aforementioned comparison will make it easy for you to make a selection among the two popular SDLC models.

The post Agile Vs Waterfall: Which Software Methodology is Right for your Business? appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

The evolution of AI has changed the software development circuit for real. Artificial Intelligence has facilitated the processing of large amounts of data and it is an application of individual technologies operating in tandem allowing the computer to perform actions generally reserved by humans.

AI Software Intelligence has been helping the software development arena in various verticals:

How AI is used in Software Development?

AI can be used in Software Development for a multitude of purposes:

1. Automated Debugging

AI software and tools can be used in automated debugging through pattern detection for an in-depth analysis, identification, and categorizing of error types. The deep learning algorithm can easily flag-off errors and speeds up the debugging procedure.

It can even go toe-to-toe with software developers and even learn how to fix each type of bug. Post-training, the machine will be able to automatically spot and correct a huge number of mistakes. Think of it as similar to the text auto-correct feature in smartphones.

I’m comparing it to text auto-correct because AI software suffers a similar issue as seen in the former- the same annoying effect of correcting that user might experience especially in the case of no correction requirement.

2. Smart assistants

The AI software assistants are gaining popularity day by day since they intelligently fasten the development process. It even helps novices to learn about the development environment more speedily than the trial and error method.

AI software assistant tools can play the role of a trainer and come up with recommendations, offer code examples and prevent simple coding mistakes like closing parenthesis.

A great example of this is Kite, an assistant developed for Python.

3. Automate Code Generation

Coding from scratch is time-consuming and labor-intensive. To combat the issues of money and time constraints, researchers have built programs that can write code beforehand. But these solutions are not very good with ambiguity.

In this case, AI software programs came into the picture. It will reduce the workload by a significant amount. Once it masters the underlying patterns, more than code completion, an AI-based software could generate a program by putting together some predefined modules just like LEGO pieces.

In the future, AI software has the potential to replace the task of junior software programmer. This could be the baby steps toward a self-programming machine.

4. Intelligent-Testing

Throughout the development cycle, testing has been one of the most crucial elements while you build a quality software product. One of the major challenges that software programmers face while testing out software products is creating a thorough list of use-cases as well as situations that could have an impact on the program’s performance.

AI software tools can perform this by going through the previous logs and automatically generating a list of test cases for running through the system. It can also predict the outcomes of testing without even performing the actual tests.

It only focuses on the solution, hence saving a huge chunk of time.

Also Read: How Python Is Best Fit For Artificial Intelligence In Web Development?

5. Designing strategy

Usually, software developers spend a significant amount of time deciding the features and functionality to be added to a software product.

AI software development tools trained on past software development projects and business factors can analyze existing software and can find a solution, fulfilling the requirements for both the clients and software engineers.
It can produce a hierarchy of the best features for the success of a solution based on user reviews of similar solutions and client marking.

Want to make AI-based software? Get connected with the Artificial Intelligence Development Software Company for availing Artificial Intelligence development services; by doing so, you will be able to design unique and excellent software. 

Popular Software Development Tools using AI

Now that you have gone through the differences that using AI makes in Software Development, it’s time for some AI-developed software tools that one should consider adding in their toolbox:

1. TensorFlow

TensorFlow is an open-source numerical computational tool. This machine learning library is primarily for production and research.

It is backed up by community support and hence the functionality of this tool is pretty decent. It utilizes the arrangement of a multi-layered hub that enables you to rapidly set-up, train, and send counterfeit neural systems with huge datasets.

The only downside is that it takes time to learn this AI Software.

The AI-based solution can be deployed on the following:

• Desktops
• Clusters
• Mobiles
• Edge Devices
• CPUs, TPUs, and GPUs.

Availing of Artificial Intelligence software services from the top Artificial Intelligence app development company can really help you make extensive use of TensorFlow. 

2. H20.AI

H20.AI is an open-source deep learning platform. It is an AI software that is business-oriented and helps them to make a decision from data and enables the user to draw insights. There are two open versions of it: one is standard H20 and the other one is the paid version known as Sparkling Water.

H20.AI is used for predictive modeling, risk and fraud analysis, insurance analytics, advertising technology, healthcare, and customer intelligence.

3. Cortana

Cortana is an AI-enabled voice-search assistant which performs varied tasks such as answering your queries, setting reminders, and others.

Its voice recognition feature proves to be a time saver and also supports different operating systems such as Windows, iOS, Xbox, and OS.

It supports different features such as:

• Supporting a wide range of tasks like switching on the light to placing an order.
• Takes voice inputs.
• Uses Bing Search Engine.
• Support multiple languages such as French, German, English, Japanese, and much more.

Also Read: A Realm of Evolution of Artificial Intelligence to Next-Gen App Development

4. IBM WATSON

IBM Watson is a question-answering software. It gives support to SUSE Linux Enterprise Server 11 OS using the Apache Hadoop framework.

Post-training your model with Watson, it deeply understands the core notions. IBM Watson is a robust system that assists in making business processes smarter.

Some of the predominant features of IBM Watson are:

• Supports distributed computing.
• It can operate with existing tools.
• Provides an API for app development.

5. Infosys Nia

It accumulates organizational data on the legacy system and piles it up into a self-learning knowledge base. One that business analysts and software developers in your team can leverage for creating high-performing, scalable ML models. And the team could do all of this even if they don’t have data science expertise.

Some of the predominant features of Infosys Nia are:

• Extensibility: for data preparation, visualizations, and machine learning methods.
• Self-Service Provisioning: Elastic Cloud Deployments.
• GUI-based features enable your AI solution team to build precise ML models.
• Integrated Enterprise Framework: for data preparation, deployment, and modeling.
• Streaming Fast Predictions: Infosys Nia Prediction Server.

Get in touch with the best Artificial Intelligence Software company to hire AI Developers; this will help you make efficient use of AI Software development tools.

6. Deeplearning4j

Deeplearning4j is an open-source, customizable, and distributed deep learning library written for Java and Scala. It is developed as a plug-and-play AI software for faster prototyping.

Some of the predominant features of Deeplearning4j are:

• It can be utilized in business environments on distributed GPUs and CPUs.
• Tailored to fit into a micro-service architecture.
• It supports GPU for scaling on AWS.
• Python, Java, and ScalaAPIs.
• Scales on Hadoop.
• Imports neural net models from other frameworks — Caffe, TensorFlow, Theano — via Keras.
• It comes with a cross-team toolkit for DevOps, data scientists, data engineers.
  

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7. Google Assistant

It is a virtual assistant by Google which can be utilized on smartphones and smart devices. It supports the following Operating Systems- iOS, Android, KaiOS.

It even supports different languages like Italian, German, French, English, Hindi, Swedish, Russian and more.

Some predominant features of Google Assistant are:

• Browse for the information on the internet through the powerful Google search engine.
• Supports two-way communication.
• Schedule Events.
• Set Alarms.
• Capable of displaying your Google Account information.
• It can perform hardware settings on your device.
• It can recognize songs, objects and read visual information.

Also Read: TOP 10 BUSINESS INTELLIGENCE TOOLS LIST TO MAGNIFY THE BUSINESS GROWTH

8. BigML

This is one of the best Artificial Intelligence tools that allow you to create and train a model using data. Next, you are able to generate new predictive insights based on that same model or use it in your business as-is. One of its biggest strengths is how easy it is to train a big dataset quickly.

Even though BigML is a paid service, there’s no limit on data or features, and training time for datasets can be completed within minutes.

It’s perfect for companies who don’t have expertise in ML (Machine Learning) but need to try out AI solutions, develop prototypes and understand large datasets at scale.

Some of the key features of BigML:-

• Built machine learning algorithms

• Flexible deployment options

• Visualizations and Insights

• Integrations with popular programming languages

• Low-code interface for ease of use

If you want to make a leading software using Artificial intelligence tools, then consider hiring an excellent Artificial Intelligence development company. By doing so, you will be able to design unique software within a limited time span.

9. Microsoft Azure AI Platform

Microsoft’s artificial intelligence (AI) platform is called Microsoft Azure AI Platform. It encompasses an array of tools and services, including a set of pre-trained neural networks that can be utilized in a broad range of use cases.

This includes recognizing objects and patterns in video streams, translating between languages, text analysis, and sentiment analysis, as well as image tagging. The data layer contains services for both structured and unstructured data. 

The former uses SQL, while Spark provides support for batch processing large volumes of unstructured data from document management systems or other sources like IoT devices.

The Key Features Of the Microsoft Azure AI Platform:-

• Built machine learning algorithms

• Data labeling services

• Pre-trained models

• Custom model training

• Model management and deployment

• Integrated development environment (IDE) support

• Real-time predictions

10. Salesforce Einstein

Salesforce’s Einstein is a set of artificial intelligence and machine learning tools that are designed to offer developers an easy way to add these capabilities to their Salesforce apps.

The main tool, Einstein Vision, is designed to analyze images and then recognize objects within those images. The platform is designed to understand individual objects and the relationships between them.

For example, it can tell you that it sees a picture of a cat sitting next to some food on a table. Then, it can classify both images and objects, so you know exactly what you’re looking at from image A (cat) or image B (food on the table).

It sounds easy enough, but there’s quite a bit of power behind these tools, and they work incredibly well.

Key Features of Salesforce Einstein:

– Pre-trained models

– Custom model training

– Easy to use interface

– Support for a wide range of programming languages

In the end

With this, I have come to the end of the blog. These are some of the top AI software development tools that you can look forward to as a platform for software developers to solve real-life problems which will make the underlying architecture better and more robust.

If you’re looking to invest in AI Software for your enterprise, ValueCoders offers industry-leading custom software solutions for all types of business, and for all types of business functions. What makes our AI software development services different?

To start, ValueCoders houses some of the top industry experts and our developers have on average 3+ years of experience. Additionally, we have maintained an exceptional client retention rate of 97% over the last 4 years, so you could be assured your project requirements will be fulfilled as per your expectations.

FREQUENTLY ASKED QUESTIONS

What is AI software development?

Artificial Intelligence software development is a field of computer science that focuses on building intelligent systems. This includes developing computer programs that can perceive and understand their environment, plan and make decisions, solve problems, learn from experience, etc.

These systems are used for a variety of practical applications such as planning and scheduling, manufacturing, controlling robots and other devices, aircraft or vehicle navigation, medical diagnosis, and treatment.

The scope of AI is restricted to tasks that are amenable to statistical or rule-based methods; however, in practice, it often involves many other techniques, including neural networks, case-based reasoning (CBR), natural language processing), machine learning, among others.

What are the benefits of using AI software?

Artificial intelligence software can help solve some of today’s software problems but also increase development costs. The following are some possible benefits and challenges of using artificial intelligence in your project.

In some cases, more information on how to work with these technologies is available. This should assist you in making a more informed decision about what you would like to include in your projects.

However, if you require additional service or want to learn more about any of these prospects, please contact us. We are always pleased to discuss ways we can help your business become even more successful!

What challenges occur while AI software development?

When using artificial intelligence software, there are two critical challenges you must overcome. The first is to develop algorithms that define how an application functions.

You’ll then need to write code that manipulates data and transfers knowledge among your artificial neural network nodes or units of computation.

You’ll also want to test your artificial intelligence software and tweak your algorithmic and coding strategies as you work out potential bugs in your designs.

Finally, there is what’s known as explainability. Machine learning systems often use deep learning approaches in which insights are extracted from various levels of abstraction; human programmers can explain why a particular classifier performs well but not how it came up with its conclusions. 

The post What are the Top AI Software Development Tools? appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Now that we will be soon dealing with the aftermath of the COVID-19 pandemic, we will probably see more businesses dying. The economic impacts of the novel coronavirus will create a graveyard of failed startups, small-scale businesses, and even a few large-scale enterprises. How will your business prevent itself from making a place in this graveyard?

Here the need to optimize the business process arises. The prime weapon applied to achieve such optimization is IT services. This has given a major boost to the IT outsourcing sector.

According to research by Technavio, the rising need to optimize business processes will be the key driver for the IT outsourcing market. It is estimated that during 2019-2023, the IT outsourcing market will grow at a CAGR of 4.42%.  

Undoubtedly this growth is contributing towards revolutionizing the way industries operate. Are you coping up with these changes successfully? Today is the age of moving ahead of time to survive in the cutthroat competition.   

Even if you are incorporating the latest tech trends including machine learning, IoT, artificial intelligence and many more in your business processes, it is not enough. You need to find a way to achieve perfection at a minimal cost.

For this purpose, IT outsourcing companies are being hired by businesses all around the globe. There are various benefits that a smart business person can reap by hiring an efficient software outsourcing firm. 

Benefits of IT Outsourcing

Save infrastructural cost

If you hire software developers, your investment in giving them the right infrastructure to develop your software will get saved.

Save the cost of in-house software developers

Every business is not required to hire developers full-time in their office. Hiring full-time employees add to the cost even if there is no need for software developers. 

Enhanced efficiency

When you hire software developers who have extensive experience in your niche, you will never face any issue of low-quality outcomes. 

No time boundary

Your hired software developers in the outsourcing company will work even when you will be off for the day. 

Focus on Core process

If you will get your projects outsourced, your energies will be free to use somewhere else which cannot be outsourced from anywhere. It gives you time to invest in core areas like branding.  

These benefits of IT outsourcing are the reasons why a huge investment is done every year in these services. It is estimated by Statista this year, the spending on IT services will reach 1, 088 billion U.S. dollars. 

The present-day market scenario of the IT outsourcing industry is equivalent to perfection. It can offer you ample benefits to revive or sustain your business processes. But this industry is dynamic which expects the businesspersons to walk along with the changes it witnesses.

The future is uncertain but here is an attempt to find out the top trend that will be prevailing in the IT outsourcing industry. These changes are mainly directed by technological advancements which are enhancing tremendously.

Top future trends of IT outsourcing

1. Increase in automation outsourcing
2. Need for more specialization
3. Cloud sourcing
4. Increase in AR/VR service needs
5. Introduction to new business models
6. Less attention on cost
7. Demand for cybersecurity and compliance
8. Rise of New outsourcing destinations

IT outsourcing Trends #1: Increase in automation outsourcing 

Automation has made human lifestyle highly convenient. In contemporary times, automation is embraced in all major arenas from enterprises to homes. Technologies like Artificial intelligence and robotic process automation are in great demand these days.

The market for artificial intelligence is predicted to reach US$ 190.61 billion by 2025. The huge investment has created the need for artificial intelligence project developments. The overall demand for AI experts, data scientists, and big data analysts are rising at exponential rates every year.   

IT outsourcing Trends #2: Need for more specialization

Gone are those days when the software was created just to take your business online or to make it compatible with the latest industry happenings. Today, businesses are getting dependent on their applications for core processes. 

For this, they require Custom Software Solutions according to their individual demands. The skills of developers have become an important factor in choosing an IT outsourcing company. It is assumed that in future the requirement for polished skills will increase.

Businesses have forgotten to compromise with quality. The need for personalization of services and products have motivated developers at varied locations to improve their skills, communication and innovation power. 

Here is a tabular representation of the skill rating of developers in different outsourcing destinations. 

HackerRank and TopCoder are the two rating organizations that have ranked the skills of developers at different IT outsourcing destinations. Businesses are choosing the destinations with the most skilled developers irrespective of the geographical boundaries. 

Tired of hiring inefficient developers? 

Hire certified mobile app developers from PixelCrayons with a 100% money-back guarantee in case of dissatisfaction.    

IT outsourcing Trends #3: Cloud sourcing

Enterprises are transforming digitally which has resulted in greater public cloud adoption. By 2020, 83% of workloads of enterprises will be on the cloud according to the finding of the LogicMonitor’s Cloud Vision 2020: The Future of the Cloud Study.

In their findings, it was concluded that AI and ML will be the greatest catalyst in increasing cloud computing adoption by 2020.  This will require IT outsourcing service providers to develop more online data centers and equipment.

With cloud computing, the security issue will increase. 66% of IT professionals think that security will be the primary concern while adopting cloud computing. Ultimately, expert knowledge of professionals working in IT outsourcing companies will be considered to save businesses from the loss caused by possible data breaches. 

IT outsourcing Trends #4: Increase in AR/VR service needs 

Overall AR/VR headsets sales to reach worth US dollars 9.7 billion by 2020. The not-so-old technology has allured customers of all sizes. Businesses in all industry domains, from healthcare to e-commerce are incorporating these technologies to add another reality to their products.

According to a survey, 73% of mobile AR users are satisfied or highly satisfied with their experiences. This paves a safe and healthy future for these technologies. In future businesses are going to invest in AR and VR projects incredibly. 

These technologies have boosted online shopping experiences, social networking sites, entertainment apps. There was still a lot of potential to be explored. Small businesses are turning up these technologies to offer something unique to their customers. 

Related: TOP 10 IT CONSULTING COMPANIES TO SEEK FOR BUSINESS TRANSFORMATION

IT outsourcing Trends #5: Introduction to new business models

Ideas have become the essence of software industries. If you have an idea of getting a custom app developed, it will solve half of your problem. This is why in future businesses will shift to business models that will safeguard their idea. 

New business models in the IT outsourcing industry will be based on outcomes rather than outputs.  Do you know the difference between the two? The output is the result of the organization’s activities and the outcome is the level of success achieved by these activities. 

This will increase the pressure to deliver impeccable results to the software developers. The future models will also be witnessing contracts wherein the risk and responsibility will be shared among businesses and the IT outsourcing partner. 

IT outsourcing Trends #6: Less attention on cost

As I have written that business models will be more focussed on quality rather than the mere completion of work. Along with this shift, the focus from cost has also shifted. Businesses will no longer run behind the lowest cost quotation by software developers. 

Although we cannot deny that a true businessperson will always focus on cutting their expenditures. But the value delivered has taken the place of primary concern. An ideal IT outsourcing company will be the one with skilled labors and outstanding outcomes at the least cost. 

Here is the cost of developers and QA in different popular IT outsourcing destinations. 

Along with this, you can match the skill ratings of the app developers in different locations. The quality-price match can be an ideal choice for any business developer. For example, India is a destination with low-cost developers and placed at a considerably good rank among different destinations. Such combinations are in high-preference for developers. 

IT outsourcing Trends #7: Demand for cybersecurity and compliance

When it comes to the industry of information technology, security becomes a primary area of concern. Since its inception, this industry has been facing threats and thefts. When top-notch companies like Facebook witness such security issues, it brings fears into the SMEs and startups as well.

This has raised awareness among businesses which has turned into a demand. Companies demand that high-end security measures should be taken while developing an application for their business.  

One of my friends started a startup for an e-commerce store. He was not well-informed about the security checklist that should have been followed by his hired web developers. Once he got his web app developed, he faced issues in the payment gateway. The sensitive data like card details of customers who were logged into his e-commerce site started getting leaked. 

This is a very small experience that I have witnessed very closely. A business can face a lot of such issues when it comes to security. This is why 66% of IT professionals think that security will be the primary concern while adopting cloud computing. 

The data encryption still has a long way to go. Cybercriminals have not and still not leaving any stone unturned in attacking the sensitive data.  IoT devices are at the most vulnerable position when it comes to cyber-attacks.

According to a report by Spiceworks, only 36% of IT professionals are confident in their ability to respond to cyber-attacks. This is quite scary! If the IT professionals are unsure then who are we relying on the safety of our data onto! 

Undoubtedly, in the future, the demand for optimum security from IT outsourcing companies will be on a rising spree.  In order to survive in the competition, it will become a necessity for IT outsourcing companies to provide highly secure applications. 

IT outsourcing Trends #8: Rise of New outsourcing destinations

The major destinations for IT outsourcing are located in Eastern Europe, South America and Asia pacific. These are the top destinations mentioned in the table below.

These locations have the largest share of global outsourcing revenue. Today India and China are the leading destinations among these fourteen locations. The export of the IT industry of India in 2019 is expected to reach 135-137 billion US dollars.

But it is being speculated that in future years central and eastern European countries will provide stiff competition to China and India. As of now, according to a Deloitte survey, 59% of the respondents are already outsourcing their custom software development services from India. Here is the complete graph of their findings:

Although, in my opinion, India will continue to lead the IT outsourcing destinations with maximum projects. Few reasons for the same are:

• Supportive policies by the Indian government for IT companies: Every year, the government of India provides schemes for the fiscal benefit of IT companies. Moreover, it has also recognized IT as of the 12 champion service sector. 

• Indian companies follow international quality standards: Some of these standards are the International Standards Organization (ISO 9000), Six Sigma Quality Certification, Total Quality Management (TQM), etc.

• The abundance of developers: According to Statista, India has the second-largest number of Android developers in the world. 

• Affordable IT outsourcing services: India has one of the most budget-friendly mobile app development services to offer in the world. Here is the graph showing the same.

• Moreover, India has the most hardworking force: In a survey, 69% of the Indians expressed satisfaction in working for 6 days a week. It is a strategically right decision to invest in mobile app developers in India in 2020. It can be summed up that India will emerge as an even more flourishing IT outsourcing destination for businesses all over the globe. 

Wrapping Up

These top future trends of IT outsourcing promises a bright future not only for top-notch brands but also for startups and SMEs. The COIVD-19 outbreak is making it more difficult than ever for businesses to operate and develop software products in-house. Undoubtedly, this is the golden time for businesses to avail of the benefits of IT outsourcing.

The need for innovation has kept businesses as well as IT outsourcing companies at toes for a decade. After reading the top future trends of the IT outsourcing industry, I am sure you would be imagining ways to explore the opportunities for your business. 

I hope all your confusions regarding outsourcing software developers in India have settled down by now. If you have something to share about the IT outsourcing market then you are welcome to write to me in the comment section below. 

I welcome your reviews, suggestions, and appreciation. Let’s exchange our ideas and knowledge to have a better view of the present and future of the IT outsourcing industry! 

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