Five Mistakes to Avoid When Developing Apps for Your Business

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As mobile technology and digital solutions continue to evolve exponentially, applications are becoming more and more valuable for business operations. Enterprise applications can help improve accessibility to organizational data and valuable insights, provide opportunities for workflow automation, simplify various business processes, improve the overall efficiency of day-to-day procedures and much more. Recent studies have shown that 47% of companies have improved their internal cross-departmental communication using mobile enterprise applications.

Although there are numerous benefits to creating applications for your business, there are certain mistakes that could potentially reduce or even negate the potential benefits of enterprise applications. Therefore, your business must be aware of any potential mistakes that occur during the application development process as well as how to avoid them.

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Why More and More Financial Services Companies Are Using Low-Code to Build Their Own Software

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Due to our constantly evolving business landscape, financial services companies are now tasked with collecting, tracking, monitoring and analyzing more data than ever before. However, with organizational resources more scarce than ever before, many financial services companies may find developing custom software and enterprise applications unattainable.

However, with the rise of low-code enterprise application development platforms, businesses can build more powerful, high-functioning enterprise applications in significantly less time than ever before. Research indicates that the global low-code industry is expected to reach a market value of approximately $187 billion by the year 2030 with a CAGR (Compound Annual Growth Rate) of 31.1%.

Therefore, as many businesses now begin to implement low-code technology into day-to-day business functions, it is crucial for modern financial services companies to recognize the power of using low-code to build enterprise software.

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How IT Leaders Can Use Low-Code To Create And Empower Agile Teams

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Low-code technology has advanced exponentially in recent years and has now established a stronghold over various organizational business processes and workflows. Over the past few years, businesses have substantially increased their use of low-code development solutions to build enterprise applications and software faster, gain a significant competitive advantage and continue the cycle of integrating digital technology to transform a business.

Agile, on the other hand, is an iterative approach to project management that can help assist teams in meeting the hectic demands of today’s workplace and current business landscape. It is made up of various methodologies that are all carefully designed based on versatility, transparency, quality, and continuous overall improvement. Recent studies have shown that Agile projects have a success rate of approximately 64%.

The various advantages of Agile teams can help make managers’ jobs easier and give them more control over their organizational projects. What distinguishes Agile is its emphasis on both providing quality and value to the customer and finishing organizational tasks within the project constraints. Furthermore, dynamic low-code solutions can help facilitate and empower Agile teams to achieve much more than ever before.

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How Low-Code Speeds Up And Simplifies Full-Stack Development

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Full-stack development refers to the simultaneous development of both the front side as well as the back-end of a specific enterprise web application. Full-stack development can help ensure that requirements from both the client-side and server-side are being fulfilled. This process traditionally often involves hiring highly skilled software developers that have a deep understanding of operating systems as well as client and server software frameworks.

However, this can often be extremely time-consuming and can require a substantial amount of scarce organizational resources. Therefore, incorporating low-code development tools into your organization’s full-stack development can help your business substantially enhance the efficiency of web application expansion, speed up various business processes and streamline long-term digital transformation initiatives.

Low-code is defined as a visual approach to software development that can significantly reduce the amount of manual coding required to construct a custom application. With recent studies indicating that low-code technology will be responsible for almost 65% of all global application development by the year 2024, businesses must leverage the power of low-code development to optimize full-stack development. By integrating low-code into full-stack development processes, developers can facilitate effective server and client development without having to write repetitive lines of code and individually test new software iterations.

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How To Use Low-Code For Your Enterprise App Development Strategy

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Low-code enterprise application development solutions provide essential components that organizations can put together to create efficient workflows and powerful applications. Low-code solutions can help automatically generate the code behind various application features and functions, hence allowing citizen developers to assemble various workflows and custom enterprise applications without having to manually write repetitive lines of code.

Enterprise application development is defined as the process of developing high-functioning applications for enterprises that are tailored to their specific needs as well as specific business functions. These applications are deployed on a wide variety of different platforms and networks in the cloud. A recent study indicates that the global enterprise application industry is projected to reach a total market value of $527.4 billion by the year 2030, with a Compound Annual Growth Rate (CAGR) of 8.2%.

It focuses on automating repetitive tasks and workflows to enable users to complete their work in less time. With organizations being tasked with collecting, tracking and analyzing larger amounts of data than ever before, modern businesses must understand the significance of low-code enterprise application development for streamlining critical business processes, increasing overall efficiency, improving productivity levels and ultimately generating a higher ROI over time.

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Five Reasons Why ISVs Should Adopt Low-Code

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Low-code is a visual application development approach that can significantly speed up the entire development process. Low-code allows users to integrate every step of the application development cycle to speed up the deployment of a wide range of solutions. Furthermore, low-code can empower your organization to develop digital systems that fit the needs of your business by breaking down traditional business and IT barriers.

An ISV (Independent Software Vendor) develops and sells software for one or more operating systems. ISVs typically work with hardware, software, or cloud hosting providers to create and deploy solutions.

Today, low-code is more than just a tool that aids development; it is a key strategy that principally shapes the way that enterprise applications are delivered. A recent study conducted by Gartner reveals that 75% of large enterprises will be using at least 4 low-code tools for IT and citizen development initiatives by the year 2024.  Low-code software platforms can enable ISVs to accelerate their digital transformation strategy at unprecedented speeds.

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Which Types Of ISVs Are Benefiting From Modern App Development Approaches?

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With the evolution of digital technology and digital software, innovative solutions are continuously being integrated into a wide variety of modern day-to-day business functions. Which company does not desire an application that is tailor-made to suit their needs?

Consequently, ISV companies have been faced with an unprecedented demand for custom-built software. Therefore, it is crucial for ISVs to consistently adapt to growing demands for custom-built software.

However, it can be extremely difficult for ISV companies to adapt to changing consumer expectations and market trends using traditional application development approaches. Development, testing, and maintenance of custom-built applications is not only time-consuming, but a process that requires ample manpower, infrastructure, and strategic planning.

Even if developers do everything right, unprecedented needs for modification can always arise in software owing to erratic market trends and evolving infrastructure in various industries. Therefore, ISV companies must ensure that they are consistently evolving their application development strategies to facilitate digital transformation and product development.

To tackle the high-demand and unpredictable needs of the customers, ISVs should develop a proactive approach toward software development. With the adoption of agile development methods and modern app development practices, ISVs can easily increase their output efficiency and significantly decrease their technical debt.

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How To Solve Technical Debt?

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Technical debt: Part 3

One of the most in-demand commodities today is software. Both businesses and end-consumers seek advanced platforms that can make their lives easier by carrying out various processes. Software vendors and SaaS providers hence are always in a rush to deliver their products on time.

Sometimes, in order to deliver the product within the deadline, the development team fast forwards through certain software development processes. These parts often become the reason for errors and glitches in the final product and require refactoring. Technical debt for a company is all the code they have written that will need future modification.

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How To Avoid Technical Debt

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Technical debt: Part 2

Technical debt is any code written for a product or functionality that is set to require rework and modification in the future. It happens because development teams are forced to expedite deployment owing to strict deadlines and a shortage of resources.

A widespread occurrence in the software development industry, technical debt is seldom welcome by developers or clients. While it isn’t outright harmful, technical debt can cause a lot of problems if not paid on time and efficiently.

Technical debt can prolong building times and can hog the resources that would otherwise go to new projects and innovation. Taking short-cuts during software development results in volatile, often low-quality software. This can also lead to a dip in the brand value of the software vendor or developer. Technical debt can also come when you are not expecting it in the form of an outdated design.

While it may feel like technical debt is omnipresent and undefeatable in the software industry, thankfully, there are various ways through which technical debt can be avoided.

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What Is Technical Debt?

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Technical debt: Part 1

Software development is all the rage today. No wonder the demand for software developers is projected to increase by 20% to 25% in the years to come. The past few years have actually made technological innovation a survival issue more than an efficiency issue. Companies in every sector are transforming and becoming more technologically smart. Custom-build software and task-specific solutions are hence in demand across the globe.

The agility with which a business meets its technological needs has become the backbone of its success. The needs of businesses today, however, are in a constant state of evolution. And with every new need, comes the requirement for new, smart software that can cut costs and maximize efficiency.

Meeting this constantly evolving, the volatile need of the market hence becomes a challenge for those who develop these software. And a hasty approach to meet this challenge results in technical debt.

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