As a business owner, your ultimate objective is to give your company an edge over the competition – and one way to do it is by using technology. Technology has the power to change everything. It can help businesses become more efficient, improve employee collaboration, and provide excellent customer service. But with so many tech options on the market, how do you know which one is right for your business?
When it comes to software, there are two main types: off-the-shelf (OTS) and custom. OTS software is pre-built and ready to use. On the other hand, custom software development creates a distinct solution tailored to fit the specific needs of the business.
Weighing the pros and cons of each, many businesses today choose to invest in custom software development as it can offer several benefits that can’t be found in off-the-shelf software options. Check out some of the best advantages of choosing custom software development for your business below.
What are the advantages of custom software development?
Custom software development is highly beneficial for businesses. By tailoring the software to fit the needs of your business, you can create a solution that is much more efficient and user-friendly than off-the-shelf software. Here are some of the key advantages of custom software development for businesses:
1. Increased Efficiency
Custom software can be tailored to your company’s processes, making them more efficient and streamlined. How does this happen, you may ask?
Let’s say that you are using off-the-shelf software for inventory management of a restaurant business. There is a high possibility that you are not using all the features of the OTS software because you only need those that are applicable – kitchen equipment, raw food ingredients, and so on. Thus, the added step of filtering through each item to get to what you need can take an extra few minutes. But it’s just a few minutes, does it matter? Yes, it does!
Keep in mind that in any type of business, time is of the essence. If you have custom software instead, you can add or remove features as you see fit. This way, you can focus on the important aspects of your business and save time in the process!
2. Improved Communication and Collaboration
Custom software can also help to improve communication and collaboration among employees. By integrating various tools into the software – such as instant messaging, video conferencing, and file-sharing – you can create a centralized platform where employees can communicate and collaborate more easily.
As the gig economy is on the rise, companies have taken advantage of this trend to hire more remote workers to save on costs and resources. With custom software, all employees can remain connected to the office and have access to all the information they need, no matter where they are.
3. Greater Flexibility and Scalability
Another advantage of custom software development is that it offers greater flexibility and scalability for businesses. With OTS software, you would need to purchase an entirely new software package or upgrade your existing one – which can be quite costly. But with custom software, all you need to do is make the necessary changes to the code, and voila – your software is updated!
4. Increased Security
When it comes to security, custom software development offers an extra layer of protection for businesses and customers alike. Data privacy and security is a hot topic in the tech world, especially for applications such as banking or mobile app payments. With custom software solutions, you can enjoy more control over your security, add data protection features, and more. These measures can prevent data breaches and give your customers peace of mind, knowing that their data is safe with you.
5. Improved Customer satisfaction
Customers are at the heart of your business. If they aren’t happy with the products or services you are providing, they will take their business elsewhere. By developing custom software, you can ensure that your customers’ needs are being met in the best possible way. You can effectively eliminate nuisances in each application to ensure that your customers are satisfied with each process. This can enhance customer satisfaction and build customer loyalty.
6. Reduced costs
Many business owners take a look at the costs involved in custom software development and immediately shelve the idea. But in the long run, custom software development can actually save you money! This is because you will not need to keep investing in new software solutions as your business grows. By using custom software that will scale along with your business, you can avoid costly upgrades associated with OTS software.
Plus, there are a lot of custom software developers available today. You can ask around and get quotations from Java architects, software engineers, and other IT professionals before deciding on the right one for your business needs and budget.
The Bottom Line
Today’s consumers are surrounded by technology, and with every technological innovation comes higher expectations. Thus, businesses are challenged to continuously evolve to meet consumer and investor demands, and adapt to changes in their industries.
OTS software does have its advantages, especially for business owners who have difficulties adapting to the technical side of the software. But this type of software may not be flexible enough to meet the precise needs of your business! Meanwhile, custom software development can offer a unique solution that will fit the specific requirements of your company – giving you a significant advantage over your competitors who are using OTS software.
Blog by Chatty Garrate