Everything you need to know about custom software development|Optymize

In the prevailing economic climate and changing commercial landscape, businesses must respond quickly and effectively to meet their targets. In line with an ever-changing digital space, custom software design has become an essential rather than a luxury. Custom software development offers unique customer experiences by creating softwares according to client’s needs and helping them to better understand their needs. It leads companies to differentiate themselves from the competition.

What is Custom Software Development?

Custom software development is similar to software development, but with a defined set of requirements targeting a particular target group. For example, MS Office is an example of commercial software and not custom software. Custom software development also includes processes such as design, development, distribution, and maintenance.

Examples of custom software may include:

• Service equipment management software for a sector.
• A customized content management platform for a marketing agency.

One can either employ the in-house team or a software development company to develop the required software.

The following are the 3 Stages related with Custom Software Development:

   1. Application Customization
   In this phase, the already developed software is modified according to the needs.

   2. Application Modernization
   Here, the developers work hard to successfully meet the industry standards, requirements and evolving market demands.

   3. Application Management

   This stage involves taking care of the maintainability supporting tasks such as performance, installing and updating.

 

Custom Software Development Services

The need to develop custom software arises with specific needs. You can use the software longer without any modification. But as soon as the business demands, the upgrading of the traditional system is necessary. So it is believed that the custom software is developed on demand. This section focuses on the services a company can offer for developing custom software.  

1. Software For Different Management Levels

      Enterprise Software

• This software provides centralized storage for corporate data or manages cross-departmental collaboration and activities. This type of software offers deliberate hierarchy of user, roles and permission. Therefore, it can be viewed simultaneously by multiple users.

      Departmental Software

• This type of software can help any company to uncover potential needs of employees in a particular department and excel at its operations with industry leading tools.

      Business process management software

• Custom build software can enable businesses to address specific workflow and integrate automation possibilities into the system. These custom software can provide better business continuity and workflow.

2. Software for Different Business Needs

     Enterprise resource & process management

• A single system software can enable centralized management of day-to-day business activities.
• Project & task management
• Resource & workload management
• HR & talent management
• Sales & marketing automation
• Risk management
• Compliance management
• Document management

      Customer-centered Software

• This is the type of software development where one takes consumers and individual users into account and fulfills their demand related to development of software.

3. Customer Service Software

• CRM
• Customer analytics
• Customer portals
• Advertising & digital signage
• Chatbots
• Ecommerce
• Client apps (e.g., mobile banking, shopping apps)

4. Supply chain Management

Supply chain software is highly secure because it automates and coordinates the tasks from manufacturing of products to distribution.

• Demand planning
• Procurement
• Inventory management and optimization
• Order management
• Warehouse management
• Vendor management

5. Knowledge & Productivity

One can create a digital environment and provide tools to the employees to increase their performances.

• Learning & training systems
• Corporate LMS
• Knowledge hubs
• Activity tracking tools
• Content management, PIM & DAM systems
• Collaboration & intranets

6. Business Analytics

Every business needs different levels of analytics depending on business stricture.

• Analytics solutions for sales data, customer data, etc.
• Predictive analytics solutions
• Enterprise-wide data management
• Business intelligence
• Big data solutions
• Image analysis & AVI

7. Internet-connected Processes

These custom software ecosystems are created to simplify the transfer of real world data to data centers.

• Smart city
• Smart factory
• Smart hospital
• Smart home
• Remote service
• Remote equipment monitoring
• Connected vehicles
• Wearable devices

8. Financial management & accounting

These custom softwares development services offer a set of universal tools for managing financial data and incorporating it into high-level decision-making.

• Accounting
• Budgeting and planning
• Invoicing and billing
• Cash management
• Revenue management
• Expense management
• Financial audit

9. Emergency & Security

In the event of an emergency, business continuity is essential, custom software provides great relief by maintaining security of the IT environment.

• Emergency response, incident management
• Information security
• Secure communicators and messengers
• Secure video conferencing
• Video surveillance

Top Custom Software Development Companies

1. Optymize

Optymize is a marketplace for remote technical talent. They match businesses with verified remote engineers from all over the world. Their freelancers are well-versed in technology and communication, and they work in their time zone. Optymize is used by a number of leading companies, including Sidewalk Labs, RD&X, Yellow, and Planoly, to quickly and cost-effectively scale their engineering teams.

2. Solulab

Solulab is one of India’s leading blockchain development firms. Each month, their applications have over 50 million active users. They have a customer satisfaction rate of over 97 percent. Walt Disney, Goldman Sachs, Mercedez Benz, University of Cambridge, Georgia Tech, and other Fortune 500 companies and high-growth startups have partnered with SoluLab.

3. Altar

Altar.io is a software and product development firm. Their goal is to provide end-to-end IT services in the areas of web, mobile, and cloud computing. Altar has been helping global entrepreneurs and business leaders disrupt their industries since its inception.

4. Boldare

Boldare assists businesses at every stage of the product development cycle, from prototyping with a prototype to testing a product with an MVP, to determining product-market fit, and finally scaling.

5. Sidebench

Sidebench is a design and development firm based in Los Angeles. They help top new ventures and innovative enterprise companies with product strategy. Expert data and systems architects’ technical skills, as well as one of the best product design teams in the world’s UX-first approach.

Сustom Software Development Process

The steps of custom software development are: 

1. Analysis and Planning 

• a collection of requirements,
• Research,
• changes management,
• risk management,
• software architecture.

2. Design

• Visual design
• UI/UX research
• Create a brand identity

3. Development

• Backend development,
• Frontend development.

4. Quality Assurance and Testing

• Checks the developed software
• Test for bugs and mistakes
• Meet the desired product quality

5. Intermediate Deliveries

For fast feedback from desired group of people, both consumers and owners.

6. Documentation

• vision statement;
• initial assessment document with stages of development;
• roadmap;
• technology stack;
• software requirements specifications;
• wireframes and UX roadmap),
• coding documentation;
• testing documentation.
• support papers,
• users manual.

7. Maintenance (software evolution)

• Corrective Software Maintenance
• Adaptive software maintenance
• Perfective software maintenance
• Preventive software maintenance

8. Reporting

a project management report that includes:

• general product info;
• status Info;
• milestone review;
• project summary;
• issues and risks;
• projects metrics, and so on

Custom Software Development Cost

1. Based on Custom Software Size

• i) The average cost of smaller software ranges between $20,000 and $50,000.
• ii) Small businesses require medium size software. The cost for the same is between $50,000 and $500,000.
• iii) The development cost of a custom software for a larger company that requires multiple integrations, multisite development, and support for multiple locations and languages can cost anywhere from $500,000 to $1,000,000.

2. Based on Custom Software Type

• i) SaaS Product: $50,000 to $200,000
• ii) Web Development: $10,000 to $50,000
• iii) Mobile App: $10,000 to $200,000
• iv) eCommerce Solution: $10,000 to $500,000
• v) Internal App Development: $1,000,000 – $9,999,999
• vi) CMS Development: $10,000 to $50,000
• vii) CRM Software Development: $10,000 to $50,000

Custom Software Development Market Size

From 2020 to 2025, the market for custom application development services is expected to grow by USD 31.76 billion, with an annual growth rate of 8%.

Custom Software Development Key Trends

• Cloud Technology
• AI
• AR/VR
• Data Science
• IoT
• 5G

Conclusion

You must concentrate on every business element that requires your attention while focusing on achieving success with improved business processes and a dedicated team of professional talents.

For startups and businesses looking to grow their business or product, custom software development is the way to go. We, at Optymize, can make your job easier by assisting you in selecting from a pool of remote freelancers to develop your custom software that can effectively meet your software needs

 

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Everything you need to know about custom software development

Take advantage of the latest technologies to boost your custom software development. For end-to-end cross-domain development, developing solutions for critical business processes and enterprise digitization employ custom software development solutions and see yourself race ahead.

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Hire Best Custom Software Developers in USA

Looking for the best custom software developers in the USA? Then AppClues Infotech recognized one of the best custom software development service providers by Digital.com that builds high-performance, secure & robust software applications for your business.

For more info:
Website: https://www.appcluesinfotech.com/
Email: info@appcluesinfotech.com
Call: +1-978-309-9910

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Custom Software vs Off-the-shelf Software: How to select a better one for your business?

Custom Software or Off-the-shelf software, the question in mind for many business personnel. Read this blog to get help to make the right decision that will benefit your business.
For a business that wants to upgrade and modernize itself with the help of software, a common dilemma it is whether to go for custom-made software or opt for off-the-shelf software. You can find many top software development companies worldwide, but before that all, you should first decide the type of software –an off-the-shelf software or a custom one.
This blog aims to overcome the dilemma and accord some clarity to a business looking to automate its business processes.

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5 Core Criteria for Selecting Software Development Company - TopDevelopers.co

Check out these five criteria for the selection of your software vendor, and you will never regret having the wrong quality product made for you.

One of the primary reasons why many companies are stuck with an underperforming software product is that they did not give the requisite attention in selecting an efficient software development partner. We assure you that if you put in some effort and pay heed to the factors mentioned above, then you will be able to select an efficient custom software development company to build your software that will cater to all your requirements.

Read More: 5 Core Criteria for Selecting Software Development Company

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Offshore Software Development - Best Practices

With the rise of globalization and the worldwide lockdown due to the pandemic, most of the work has been done by remote working processes and professionals from their homes. This lockdown has proved the efficiency of remote development and enhanced the trust in offshore software development industry.

To make the most out of the benefits of offshore software development, you should understand the crucial factors that affect offshore development. This is why you should read this guide for the best practices when hiring an offshore software development company. Despite the size and the industry of the business, offshore software development is not beneficial for every entrepreneur in many aspects to make the optimum use of talents in technology across the globe.

Here are some of the top reasons why offshore development is beneficial for your business.

• Offshore development teams can work on flexible timing to provide you with the best possible software development practices.
• Get access to the talents across the world from your home to develop the top of the line software with the help of offshore development companies.
• Assured high quality and next-generation technology expertise with duly NDA signed with respect to the priorities of the business.
• With flexible recruitment models, you can hire the freelance developers, remote development team, or an entire offshore development company with respect to the size of your business.
• Build high-end software applications from one corner of the world by hiring software developers across the world.
• Get immediate access to the best resources without hiring them on a permanent basis.

To avail of all these benefits, you should have clear goals, a list of requirements, and features that are mandatory for your software product.

Here are a few tips to help you find the best offshore software development company. Build a top-notch software application by following the listed best practices.

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