Enterprise applications are defined as software systems that are designed to help organizations coordinate, manage and oversee the functioning of various business processes and workflows. Studies have shown that the global enterprise application industry is expected to reach a market value of $527.4 billion by the year 2030, with a CAGR (Compound Annual Growth Rate) of 8.2%.
Powerful enterprise applications are a crucial aspect of any successful organization. However, the development cycle of enterprise applications can be extremely time-consuming and can also result in a substantial amount of wastage of organizational resources if not closely monitored. Significant delays and wastage of resources during the development cycle may even ultimately negate the prospective profitability of an enterprise application.
Therefore, modern businesses must be aware of certain best practices for building and developing enterprise applications.