Off-the-shelf solutions are becoming more inefficient with the diverse and unique demands of different businesses. Therefore, many companies around the world are opting for custom software in order to address their technological needs. We will discuss the advantages of custom software development and help you decide if you should opt for one but let’s see what exactly is custom software development.
What is Custom Software Development?
Custom software development is the process of developing a software system to cater to the specific needs and requirements of a company. It is built keeping in mind the exact functional, non-functional, business, market, and domain requirements of the company. Its UI is made to represent the industry and brand theme of a specific company and its backend is specially tailored to provide users with unique precise services.
Off-the-shelf solutions are made for a general audience and solve a problem prevailing commonly in society. Since they aren’t designed for a specific organization, businesses using them might experience problems.
Now that we know the basics of custom software development, let’s see how it can help your business boost profits and improve customer experience.
Benefits of Custom Software for your business
Here are the major benefits that your business can achieve by having a personalized and customized software developed according to your exact requirements and services:
Let’s talk about the controversial topic first - Cost. While developing a custom software might not seem cost-saving at first but it sure is cost-efficient in the long run. A custom-made software provides efficiency and productivity to your business which equals more profit and revenue generation for your business. While an off-the-shelf solution is cheaper to start with, it somewhat hampers the overall growth of the business. Thus, the overall gain monetary gain is always more through custom made software.
As the need for software grows so does the data it stores and so do the security arrangements that need to be made to protect this data from intruders. Your users will only use and trust your application if it provides them with proper security mechanisms. The beauty of custom software is that it provides you with full autonomy over your application’s security needs and technology. You can implement any security technologies or protocols that you see fit to your domain.
Custom software being used in one organization are also less likely to be hacked by cybercriminals. While off-the-shelf solutions are not only hacked in more percentage but are also easier to hack according to researchers. As targeting the general software will give them access to more data, a custom software used in only one organization is of less interest for them.
When businesses grow, their needs evolve and more sophisticated resources are needed to cope with them. You should build custom software to ensure that your software scales to adapt over time to the growth of your company. It helps the company to grow faster without insufficient technology restrictions.
The flexibility it offers is a major advantage of customized software development. Based on your company needs, you can determine with personalized creation what functions you want to include in the product. Also, as the requirements change after release as deduced from customers' and clients' feedback, new requirements are easily adapted in your custom software.
Custom software development also allows businesses to personalize their apps’ look and appearance. It makes sure your code fits perfectly into the workflow of your business. You can design and develop a system that is consistent with your business model to promote the uniqueness of your brand with custom development.
Developing custom software either with an in-house team or outsourcing it to third-party development companies gives you full access to your development methodology and design. This way you can easily control the quality of the software. While with off-the-shelf solutions many rights remain with the developers and you might not be able to amend it according to your needs.
Maintaining the software by removing errors and updating it as more requirements become clear is easy with custom-developed software. You get a lifetime authority opposite to third-party tools where support for tools can be revoked at any time.
Various areas of your business might find tools from various vendors more useful. Each of these tools may have its own software infrastructure specifications, design variations, different methods of creation, and different levels of support for implementation. Your technology ecosystem needs to operate as a streamlined unit that delivers value throughout your business.
A considerable effort will be needed for the integration of systems from several developers, which could outweigh the advantages of individual systems. Such a scenario requires the creation of a series of business and enterprise software tailored to your business objectives. Every custom-built software would comply with common development and implementation standards creating a flexible and interoperable company technology stack.
Does your company need a Custom Software?
Indeed, custom software development for businesses with unique needs is an excellent approach. But is it actually beneficial for your company? Before taking the custom route, you must consider the following two things.
Does your business possess truly unique characteristics?
If your company or product is providing a truly unique solution to a problem or you are following a different type of workflow, you must follow custom software development. No off-the-shelf solution will suit your needs and you will have to develop one if you don't find a product that meets your needs on the market. Nonetheless, you might be able to get by with generic software products if your company's engineering needs are not complicated or distinctive.
Do you plan on expanding your business?
The productivity and quality service advantages give you a competitive edge relative to other businesses that use poorly designed solutions. Thus, if you are planning to increase the value of your business and increase your customer base or if you have plans to extend your business to different markets and incorporate more services, a custom software would be easier to develop, maintain, and update.