A Complete Guide to Understanding Offshore Software Development
- What is offshore development?
- What is the difference between onshore, nearshore, and offshore?
- What makes offshoring software development so popular?
- How does offshore development work?
- What are the advantages of offshoring software development?
- What are the disadvantages of offshoring software development
- What are the latest trends in offshore software development?
- How to choose the right offshore software company?
- Best practices to follow while offshoring software development
- Final thoughts
What is offshore development?
Offshore development simply is synonymous with outsourcing. It means you’re sending your software development to be done remotely by people who are located in different geography. Though ‘offshoring’ is perceived as risky in ROI, many software companies are considering offshoring software development as it can actually help a lot. Often, the main reason for outsourcing is the lack of human resources required for software development or lack of needed qualification level.
From simple coding to custom development, mobile application development, software support and maintenance, and website design and development, you can outsource tasks to a third-party offshore software development company.
Offshoring development will spare you from the challenge of hiring and training new staff and at the same time ensure you get the best quality software delivered to you in a short time. Offshore application development is used by many of the world’s largest and most famous corporations, so there is no question about its effectiveness.
In 2019, the global IT outsourcing market was valued at USD 333.7 bn which is only expected to grow further in the coming years. The inevitability of digital transformation is motivating organizations worldwide to offshore their software development needs. Offshore development companies thus become an extremely important part of the global economy.
What is the difference between onshore, nearshore, and offshore?
Onshore: Onshore outsourcing is when you decide to hire software developers within your country. Most companies find this option convenient and approachable.
Nearshore: Nearshore outsourcing is when you decide to outsource to developers from countries with a similar time zone. Typically, customers count on geographic proximity and cultural similarities.
Offshore: Here, the company of the service provider is located in a different country from yours. It can even be in a different continent with a notable time zone difference.
What makes offshoring software development so popular?
The main reason for its popularity is financial profitability. With offshoring, it is possible to minimize staff expenses within the customer’s organization as well as cut expenses such as rent of premises, equipment, social security, and deployment of development. In many of the developed countries, hiring and paying skilled in-house developers have a significant impact on the budget.
Some of the popular offshore countries in the world include India, China, Russia, Ukraine, Poland, Taiwan, Vietnam, S.Korea, etc.
On average, you can expect your offshore software development vendor to approximately charge the following rates per person per hour of work;
- Asia and Africa: $18-$40
- Eastern Europe: $25-$50
- Central America and South America: $30-$50
- North America: $95-$170
Depending on the requirements, engagement, and pricing models, the above charges may vary. To find out the actual outsourcing rates, you need to directly communicate with the vendor.
How does offshore development work?
When you consider teaming up with a software development company located in a different country, you can:
- Delegate the project to an individual developer or an offshore development company
- Delegate only certain parts of the software or the whole project to the remote team
- Hire a dedicated offshore development team
If you hire a dedicated team or an individual, you will have complete control and ownership over the development progress which ensures that your remote workers are in touch with one another. This may not be a great idea unless you are a product management enthusiast.
If you turn to the services of a development agency, you won’t have to worry about finding the right resource to manage the working processes. Most of the issues such as what if a team member falls sick or quits will be taken care of by the company instead.
What are the advantages of offshoring software development?
1. Shared responsibilities and competent skills
Offshore development companies are more likely to share and manage the risks during projects, as they depend on the end-result as well. Also, deadlines facilitate a faster process.
2. No training or administration needed
Outsourcing companies need to stay competitive, hence they will have the requisite expertise. So, you need not worry about training the resources. Additionally, operational and administration costs will be negligible as you will not have to take care of office space, equipment, recruiting, etc. All these will be handled by the offshore software development company.
3. Faster time-to-market
Offshoring development ensures that your product reaches the market faster and on time. When qualified people work round the clock to develop your product, you can rest assured that you’ll be getting quality software at the end. Additionally, an external person or team can help improve your business processes and let you leverage creativity and innovation at each stage of the software cycle.
4. Lower cost
There’s no denying that maintaining an in-house IT team having expertise in the latest technologies is both challenging as well as expensive. By outsourcing your software development, you do not have to invest in IT infrastructure or worry about recruiting and training employees.
What are the disadvantages of offshoring software development?
1. Differences in language and culture
Differences in language and work ethics, cultural issues, what’s offensive and what’s not, etc., could lead to unpleasant situations if not known beforehand. For instance, working hard could mean something different in Spain and the UK. So, you will need to be thorough about the culture of that particular country before offshoring.
2. Core communication issues
Different time zones, working hours, bandwidth, etc may slow down communication. This could even hinder monitoring and resolving everything timely. A clear interpretation of roles and mechanisms, strong leadership, and an active management of culture by adapting to either the customer’s or the vendor’s corporate culture is an effective way to manage cultural differences.
Data security is one of the biggest challenges faced by enterprises today. When offshoring your data, it’s important to validate the vendor’s trustworthiness and respectability w.r.t. ensuring data security. As a best practice, it’s recommended to sign a Non-Disclosure Agreement (NDA) or the confidentiality agreement between both parties (customer and offshore partner) which strengthens the confidentiality of data and relationship terms.
4. Quality of work
While offshoring may be cheaper, it does not assure the accurate skills or commitment to do the job. There’s always a chance of hiring a team with no proper skills. It’s important to conduct the vendor’s background check before outsourcing your requirements.
What are the latest trends in offshore software development?
Software development involves complex processes and is never an easy task. Developers and agencies have to embrace new technologies and trends to stay relevant and competitive.
Here are some of the latest trends in offshore software development:
Automation plays an important role in reducing human dependency, risks associated with manual labor, and costs. Apart from innovation and faster responses to changing business environments, technologies such as RPA contribute heavily to reducing administrative overheads.
2. Cloud computing
Cloud computing offers scalability and flexibility and plays a vital role in offshore software development. More and more companies are realizing the benefits and possibilities of cloud computing and leveraging it. Soon, cloud-based applications and cloud infrastructure will be the way of life in offshore software development enabling companies to address the growing needs of businesses across the globe.
3. Artificial Intelligence(AI)
AI is taking the world by storm and software development is no exception. AI is specifically used to improve the quality of code and testing as well. Developers can combine AI technologies such as natural language processing, machine learning and business rules to build better software in a short span of time.
How to choose the right offshore software company?
There are plenty of offshore software companies across the world and finding the right one can be a daunting task. While word-of-mouth is still one of the best ways to ask for a reference and talk about the offshore team and ask important questions, there are still many other things to consider.
Firstly, groundwork is important. Finding the right offshore development company needs evaluation and time. One important tip is to contact several agencies and compare what they have to offer.
Along with checking the portfolios of software outsourcing companies, take your time to go through their social media handles, blogs, resources, endorsements, and codes if possible. You can even consider making a test run of a potential partner company related to technical requirements as it will help you make an informed decision.
Here are a few tips to choose the ideal offshore custom software development company:
- Visit the websites of several offshore development companies
- Check their portfolio and analyze their past and ongoing projects
- Understand the experience the company has in the industry you are interested in
- Learn the company rating on websites such as Goodfirms or Clutch
- Read reviews and testimonials from clients
- Learn about the professionalism of the programmers
- Learn how the company can support the applications if you develop any issues with the development
- Find out if the project development is iterative/ agile (that is, doing the work parallelly with continuous analysis of the results and adjustments in previous stages of work) or not
Best practices to follow while offshoring software development
- Get introduced to all the developers who are supposed to work on your project
- Make sure to have a full-time on-shore as well as an offshore team leads as they can establish necessary coding standards, help solve technical issues, and mentor the offshore team
- Use videoconferencing to arrange regular meetings to handle any issues and resolve the same in a timely and efficient manner
- Use appropriate tracking tools (project management tools) to plan tasks efficiently and prioritize work accordingly
The demand for offshoring software development keeps surging as organizations want to optimize their business processes and align their strategic planning with their operational strategies. Outsourcing your IT necessities can be a boon in times of financial and natural adversities because offshore development companies like Fingent implement business continuity planning and disaster recovery plans to fulfill obligations and deliver services without interruption.
Our specialists and developers have several years of experience to complete complex tasks. We have expertise in offshore application development, cloud application development, system integration, and more. Hire our services and discover the benefits of partnering with us! Talk to our expert to learn more.
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Identifying 7 Common Mistakes in Tech Projects
As a non-tech business, you are an expert on the product or service that you are selling. That is your core competency, not information technology. Still, some businesses feel they can do it themselves. That could cost you a lot more than you think. Technology by nature is like a moving target and pinning the best technology solution requires quite a bit of work. Treating tech projects as an afterthought is a mistake that non-tech businesses make far too often. Worse yet, those mistakes can stall the growth of your business. Avoiding tech mistakes, especially the high impact ones, will be the thing that ensures the success of your business.
What are the 7 deadly mistakes non-tech businesses make on tech projects and how you can avoid committing those mistakes? This article will help your company navigate the complex and confusing world of technology.
Mistake #1. Skimping on Security
Most small businesses might conclude that their business isn’t that big to become a target for hacks and data theft. Unfortunately, security has become the number one issue even for small businesses with increased online scams, software vulnerabilities, and networks using improper architecture. Can you imagine the impact on your business if your trade secrets, customer information, HR records, and confidential communication fell into the wrong hands!
One of the top security risks most businesses often ignore is the failure to encrypt their emails. Some discard email encryption either because it is costly and complicated, or because they feel that the threat is insignificant. You can prevent much pain and loss by encrypting your emails. Always assume that every email you send could be intercepted by unethical hackers.
Try this: Set up an email encryption system to protect all your emails and their attachments.
Mistake #2. Patching New Software On Old Hardware
Most often than not software publishers release new upgrades that require a significant hardware upgrade in order to run the newer version. Many businesses purchase the latest version of the software without considering its hardware requirements. The use of old computers and their hardware can be problematic since these devices generally lack the latest features, hang too often, and are slower at common tasks like launching the application, booting up, printing, and internet search. This can result in a failed upgrade and can bring your business to a screeching halt until new hardware can be put in place or until the old version is reinstalled.
Try this: Before you purchase an upgraded software, check the minimum system requirements needed for the software to run smoothly and ensure that your existing system meets those standards.
Mistake #3. Skipping The Planning Phase
Planning for IT may seem tedious and time-consuming especially when you have so many things to get done with the running of your main business. However, it is vital that every business, big or small, must plan out their IT initiatives at least once a year. Failing to map-out your technology path can impact your entire business. You must plan your budget for new software and hardware upgrades while considering the need for additional manpower and/or technical support. Planning ahead will ensure business continuity and will spare you from unanticipated problems and setbacks when something fails.
Try this: Decide on a particular month of the year for taking stock and planning your IT structure and requirements.
Mistake #4. Inadequately Trained Employees
Some of your employees may understand technology, perhaps because they had some experience with it formerly or just because they are tech geeks. This is by no means enough to put them on the job to handle tech requirements. One of the most common mistakes that many non-tech companies commit is to try to get the job done with employees who are not adequately trained to use the technology they have at work. There is no alternative to training, it is an absolute must for business growth! Forgoing on the training of employees may render well-intentioned purchases useless and result in a massive loss of ROI. By training your employees you can lessen the likelihood of mistakes and improve overall productivity.
Try this: Take the “train the trainer” approach with your software provider. It is cost-effective and helpful.
Mistake #5. Ignoring Reliable Backup And Disaster Recovery
Businesses today are reliant on their records and data, which are almost completely stored electronically. It is extremely dangerous to assume that your backup system is working properly. A sudden power outage or a server crash can delete all your data within seconds increasing your downtime and the expenses that accompany it. It is a good practice to back up a test directory, erase it, and then do a test restore to ensure that your backup device is working. Also, ensure that the proper data is backed up.
Try this: Have a right backup solution and disaster recovery procedure in place.
Read more: COVID-19- Ensuring Continuity and Building Resilience- How business leaders can respond, survive, and thrive in the new normal
Mistake #6. Not Leveraging Cloud Computing
Most businesses either embrace cloud inconsistently or treat it as an unnecessary expenditure for their tech projects. Cloud computing has emerged as the most efficient platform for businesses than on-premise counterparts. This is because it makes it possible for employees, customers, and other authorized users to access the data at any time from any place. In most cases, cloud-based applications offer greater functionality and are less expensive. Cloud computing is more secure than an in-house computer operation that may lack proper antivirus solutions, firewalls, or backup systems.
Try this: Prepare a cloud strategy and as soon as possible, consider moving some of your applications and data to the cloud.
Mistake #7. Ignoring Preventive Maintenance
The most common mistake made by businesses on tech projects is the “repair when it crashes” strategy for IT infrastructure. While it may not hurt too much on some issues, can you imagine your 10-year-old server crashing! Now that could cripple your business. If your mission-critical hardware crosses its shelf life as it were, it is time to consider replacing it well before it actually crashes. Just like your automobile, IT software and hardware require regular maintenance and adjustments. Both the software and servers need continued care to perform at optimal levels.
Try this: Avoid overextending the life cycle of servers. Start planning to replace it well in advance. Look for the manufacturer’s instructions on MTBF (mean time between failures) for your equipment.
Don’t Make a Costly Mistake
As a business, you are constantly juggling multiple roles and duties to ensure that everything runs smoothly. Too often, the panic call comes after a technology mistake has been done already. It is crucial to remember that a single mistake could lead to catastrophic loss of data that your business may never recover from. Don’t take chances with your business. Get our experts to help you make those tech decisions and implement them smoothly. Give us a call and let’s get talking.
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What are the different types of software applications in vogue today?
- Definition of Software
- System Software and Types of System Software
- Application Software and Types of Application Software
- Functions of an Application Software
- Future of Software
Software program(s) is to a computer what an orchestra conductor is to a symphony. They tell the computer what to do and how to do it in perfect harmony. A computer needs different types of software to perform various tasks ranging from the simplest of tasks like greeting us when we switch on the system to running complex gaming systems that require some serious programming skills. System software can bring in business benefits including, increased productivity, informed decision-making, more reliable data, improved data security, enhanced analysis, better customer service, and increased sales potential.
We have all come a long way from the computers of old that had just one software, which was installed onto individual machines from floppy disks and CD ROMs. We now have multiple categories of application software to suit every need and purpose. While that is wonderful, it also places before us an array of choices. You may be wondering which of these categories of software fulfills the needs of your business. To help you with this, here is a detailed guide by Fingent, a top software development company to understand the types of software and categories of application software.
Let us begin by understanding the definition of what software is.
Definition of Software
Software is any computer program that enables you to perform certain specific tasks on your computer. It directs the function of all the peripheral devices of the computer, including your mouse, hard drive, monitor, and keyboard, etc. Without software, it would be impossible to operate the hardware. A software comprises two major categories: system software and application software.
System Software and Types of System Software
System software is the interface, or the intermediary. It lets you communicate between the other software and the hardware. There are five types of system software. These are intended to control and coordinate the functions and procedures of computer hardware and, thus, streamline the interaction between software, hardware, and the user.
Types of system software:
- Operating system (OS): It is a system software kernel that is installed first on the computer to allow applications and devices to be identified and become functional. Being the first layer of software, it is loaded into memory each time a computer is powered up. Some types of operating systems are real-time OS, single-user and single-task OS, network OS, and mobile OS.
- Device drivers: These bring computer devices and peripherals to life. Device drivers connect components and external add-ons so that they can perform their intended tasks. Without the driver, the operating system would not assign any duties. The mouse, keyboard, speakers, and printer are a few examples of devices that need drivers to function.
- Firmware: It is the operational software embedded within a ROM, flash, or EPROM memory chip for the operating system to identify it. It manages and controls all the activities of a single hardware directly. Firmware can be upgraded easily without swapping semiconductor chips.
- Programming language translators: These are intermediate programs used to translate high-level language source code to machine language code. Popular language translators include assemblers, compilers, and interpreters. They may be used to perform complete translation of program codes or they may translate each instruction one at a time.
- Utilities: It is intended for diagnostic and maintenance tasks for the computer. Their tasks may range from crucial data security to disk drive defragmentation.
Application Software and Types of Application Software
Application software is a computer program that performs a specific function, be it educational, personal, or business. It is also known as an end-user program or a productivity program. You can think of system software as a cake and the application software as the frosting on top of it. It is the application software (frosting) that you, the user, get to see upfront when you are working with that software.
Each of the computer application software programs is developed to assist you with a particular process that may be related to creativity, productivity, or better communication. It helps you in completing your tasks, be it jotting down notes, completing your online research, setting an alarm, keeping an account log, and even playing games. Unlike system software, computer application software programs are specific in their functionality and do the job that they are designed to do. For instance, a browser is an application used specifically for browsing the Internet. Similarly, MS PowerPoint is an application designed specifically for making presentations. Application software is also termed as a non-essential software. As we saw in the analogy of a cake and its frosting, its requirement is subjective and its absence does not affect the functioning of the system. All the apps that we see on our smartphones are examples of application software.
Picking up the right application for personal or business use can improve function and efficiency. If you do not learn about your options, you may end up with something that does not benefit your business, which will cost you time and resources and affect your productivity. Knowing what types of application software are available to you will help you make an informed decision.
The application software list includes:
- Word processors
- Graphics software
- Database software
- Spreadsheet software
- Presentation software
- Web browsers
- Enterprise software
- Information worker software
- Multimedia software
- Education and reference software
- Content access software
The categories of application software you are required to use depends on your needs, some of which are detailed below:
1. Presentation software:
Presentation software enables you to put forth your thoughts and ideas with ease and with good clarity by using visual information. It lets you display the information in the form of slides. You can make your slide more informative and more engrossing by adding text, images, graphs, and videos. It has three components:
- Text editor to input and format text
- Insert graphics, text, video, and multimedia files
- Slideshow to display the information
2. Web browsers:
These software applications are used to browse the Internet enabling you to locate and retrieve data across the web. The most popular ones are Google Chrome and Internet Explorer.
3. Multimedia software:
This lets you create or record images, and create audio or video files. This software is extensively used in animation, graphics, image, and video editing. Popular examples are the VLC media player and Windows media player.
4. Education and reference software:
This application software, also termed as academic software, is specifically designed to facilitate the learning of a particular subject. Various kinds of tutorial software are included in this category. Some of these are JumpStart titles, MindPlay, and Kid Pix.
5. Graphics software:
Graphics software allows you to edit or make changes in visual data or images. It comprises illustration and picture editor software. Adobe Photoshop and PaintShop Pro are a few examples of graphics software.
6. Spreadsheet software:
Spreadsheet software is used to perform calculations. In this software, data is stored in a table format. The intersecting area, called cells, are separated to define fields such as text, date, time, and number. It allows users to provide formulas and functions to perform calculations. Microsoft Excel is one good example of spreadsheet software.
7. Database software:
Database software is used to create and manage a database. Also known as a DBMS (Database Management System), it helps you organize your data. So, when you run an application, data is fetched from the database, modified, and is stored back in the database. Oracle, MySQL, Microsoft SQL Server, PostgreSQL, MongoDB, and IBM Db2 are some popular databases.
8. Word processing software:
It is used to format and manipulate text, thus, creating memos, letters, faxes, and documents. Word processing software is also used to format and beautify the text. It provides you a whole lot of features aside from thesaurus and synonyms and antonyms. Along with Word Art features, the font option lets you change font color, effect, and style as per your choice. Grammar and spell-check options are also available to check for errors.
9. Simulation software:
Simulation software is used in the fields of engineering, education, testing, and video games, etc. It is used where work on the actual system is unacceptable, inaccessible, or maybe dangerous. It is a program that lets you study or observe an operation, or phenomenon through simulation without actually doing that operation. The best examples of the simulation are in the field of robotics, flight systems, and weather forecast, etc.
Apart from these, there are several others in the category of application software that serve specific purposes.
However, application software can also be classified based on their shareability and availability. Some such categories are:
As the very name indicates, it is available free of cost. You can download it from the Internet and use it without any fee. However, this software does not allow you to modify it or charge a fee for distributing it. Adobe Reader and Skype are good examples of this software.
This is distributed freely to the users on a trial basis, usually with a limited time offer. The users are expected to pay if they want to continue to use the software. Some examples of shareware are WinZip and Adobe Acrobat.
12. Open source:
This type of software is available along with the source code that allows you to modify the software, and even add features to the software. These could either be free or paid. Moodle and Apache Web Server are some examples.
13. Closed source:
Most of the software packages that you use belong to this category. These are usually chargeable and have intellectual property rights or patents over the source code. It usually comes with restricted use.
Functions of an Application Software
Application software programs are designed to facilitate a large number of functions. Some of these include managing information, constructing visuals, manipulating data, coordinating resources, and calculating figures.
Future of Software
The world is becoming increasingly computerized. With that growth, different types of application software will continue to evolve. Several software applications are being created as it is a great financial option for the users as well as the creators. The demand for custom software development, tailored to the requirements of a business is increasing now more than ever before. From simple customizations to full-cycle software development, Fingent helps address all your specific business requirements, leveraging our software development capabilities.
If you have further questions or want to get started on choosing and implementing the right software for your business, give us a call and we will help you get there.
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Concerned about app development costs? Here’s all you need to know!
There will be more people with access to smartphones in 2021 than with access to running water! Well, then there’s no questioning the fact that app development has become the need of the hour to capture the huge rapidly growing market. Investing in app development is valuable to establish yourself as an authority in your industry. As much as you would like to build an app, you might have many queries. One most pertinent question is: How much does it cost to create an app? This will be answered in detail in this blog.
How much does it cost to create an app?
Some people think that creating an app requires a gigantic investment and that the cost of app development is an expensive affair. The truth is, not all types of apps require a princely budget. There is a lot of thought and work that goes into building an app from scratch, so the cost may vary. But looking into what is involved will help us make a fair estimate.
It is important to understand that the cost to build an app depends on various factors like the type of app, the platform you choose, the design, and the number of pages required. For instance, an app that doesn’t require back-end features like an email subscription, calendar, or social login, and API integration will not need a huge budget. On the other hand, multi-lingual support, custom features, and real-time updates will need resources in terms of the development budget. Each app is unique and the cost of making an app is based on the time and effort required to build an app.
HackerNoon rates Fingent in the Top 20 when it comes to Mobile App Development Services. Our mobile team has years of experience working with a range of cost-effective mobile application projects. We’ve helped some of the world’s biggest companies create applications to enhance user experience and integrate new-age technologies.
What Are Some Major Factors That Affect the Cost to Build an App?
Let’s look at some of the specifics that we need to consider, that may affect the cost of building an app.
1. Functionalities, Scope, And Features of the App
The cost of building an app is going to depend on what you are trying to accomplish. Determining that will give a measure of clarity to the scope of the project. If the business is looking forward to a broader scope and returns from the app, it will have to be extensively developed with many functionalities. However, if the purpose of an app is to just establish a mobile presence and develop another channel to connect with end-users, then a limited feature app would suffice. When the goal and overall business purpose is clear to the development team, they will be able to accurately estimate the cost of developing an app.
Read more: Mobile App Development: 4 Tips To Consider
2. Number of In-App Pages
Another vital factor that determines the cost of building an app is the number of screens in the app. The more the number of screens, the more extensive the work required from the designers and UX experts. More screens would also mean higher interlinking of pages through the app, which requires adjustment of conditions so that users can easily access any particular in-app page. Such complex apps demand more time and effort from app designers and developers.
3. Platforms and Devices
The complete cost of developing a native app for a specific platform is different from developing a hybrid app that runs on multiple platforms and devices. Further, the app development cost also depends on the type of device the app is developed for.
Making an app for devices running on Android, iOS, Windows, or Blackberry needs different sets of integration for each type of device. Additionally, supporting different generations of the same device can be another factor that increases the cost of building an app. iOS apps will need to be built to support the latest as well as previous iOS versions. The complexity of the Android market adds to the difficulty in determining a single standard cost of developing an Android app.
4. Type of App Development Team
Based on the complexity of the project, the app development team may comprise a project manager, designer(s), developer(s), and quality assurance engineer(s). You also have the choice of opting for a basic team with a backend developer, admin panel designer, Android or iOS developer.
5. Elements of App features
- Third-party integrations: Mobile apps require third-party libraries, frameworks, and services.
- Backend development: Backend implements the app’s business logic enabling the exchange of data between the mobile and database.
- Hardware components: Identifying the right approach for communication between hardware and software components will make a difference in the cost of building an app.
Apps that allow end-users to upload videos, photos, and submit comments or reviews take more time in development. This would increase the complexity of an app because the user’s information must be stored and made available for future use. Obviously then, the app development cost and time for database-driven apps would be more.
7. Post-launch Expenses
The total cost of creating an app includes the money spent on actual programming as well as post-launch maintenance and updates like cloud hosting, backend server maintenance, and app marketing.
8. App Type
Choosing the right type of application for the project will have a massive impact on the overall cost to create an app. Apps can be categorized as:
- Web Apps: Web apps use a responsive design for smooth user experience across various screen sizes and operating systems.
- Native Apps: Native apps could be more expensive because they are optimized for high performance on a specific platform.
- Hybrid/Cross-platform Apps: This approach is best suited for the needs of a large audience across different platforms. The development and maintenance costs of this approach are lower when compared to the other approaches.
9. License and Legalities
Businesses that want to protect app features that could be knocked off by competitors may want to obtain a Patent, Copyright, or Trademark which increases the cost of building an app.
10. Support and Maintenance
Adding new features and refining existing features of the app will cost you. This is unavoidable because technology is constantly changing, and new updates will have to be made for your app to function seamlessly.
Are you ready?
As of August 2020, there are 3.50 billion smartphone users in the world. As mentioned in the outset, Cisco Visual Networking Index Global Mobile Data Traffic Forecast says that there will be more people with access to smartphones in 2021 than with access to running water. Additionally, App Annie forecasts that consumers will be willing to spend a staggering $157 billion on mobile apps by 2022, an increase of 92% from 2017. Now, these numbers should leave you with no doubt that you must make full advantage of this trend by building an app for your business.
However, having a great idea for an app is one thing but making it available to end-users is another. This guide detailed the cost of making an app, with varying features, technologies, platforms, and more for you to make an informed decision, but if you have any questions or you want to get started on building that app, give us a call.
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How e-commerce adoption benefits B2B healthcare providers and device makers
The healthcare and life sciences industry is expanding at an exponential rate. The complexity and regulatory nature of the industry have made it imperative that technology catches up with its pace and offers solutions to meet this expansion. This need is being felt more acutely at the moment with the COVID-19 pandemic on the loose. As the pandemic spreads its poison and puts the B2B healthcare and life sciences e-commerce market into a state of flux, it forces large and small organizations to cope with a range of problems that include difficult purchase decisions, supply chain disruptions, and fulfillment and delivery issues. This calls for a technological solution tailored to suit the B2B healthcare and life sciences industry.
With over 17 years of experience in delivering customized technological solutions including developing e-commerce platforms for B2B clients, we provide B2B e-commerce web application development services for manufacturers, wholesalers, distributors, and so on. Also, our mobile app development services specialize in the designing and development of custom B2B e-commerce apps.
Case Study: Fingent’s solution for our client Bonanza – Streamlining Online Listing and Inventory Management
In this article, we will explore five specific ways in which B2B e-commerce is that solution and how it will transform healthcare and life sciences.
Immediate and lasting impact on the B2B e-commerce market
In the present scenario, especially from a healthcare and life sciences manufacturing and supply perspective, the impact is immediate throughout the entire supply chain. Manufacturing companies are unable to keep up with the demand, and distributors are rushing to create workflows in an attempt to mitigate customer complaints. Distributors are being forced to claw their way to the front of the line to obtain supplies from manufacturers, stock up on products, and take care of their customers.
Healthcare and life sciences organizations typically have disaster preparedness plans, but dealing with such an unprecedented disaster is another ball game altogether. The question has shifted from purchasing to inventory, from buying to stocking. It makes it challenging to find the space to hold extra products that these industries may need and that causes anxiety to all parties within the supply chain.
B2B e-commerce offers irresistible opportunities for purchasers and medical suppliers
B2B e-commerce works largely on a distribution-based model where customers get their supplies from local distributors or dealers. Thus far, e-commerce has been disrupting the offline system of the B2B industry at a slow pace. However, with the spread of coronavirus and the subsequent lockdown, various industries including healthcare and life sciences are switching to online buying options to prevent human contact. This has resulted in B2B e-commerce experiencing an unprecedented boost in traffic and sales in just a matter of a few weeks.
Read More: Contactless Retail Delivery Software – How Retailers Can Revive Sales While Adhering To Social Distancing Norms
While buyers turn to an online purchase, many suppliers have adapted their strategy to foster online sales, dedicating a certain amount of their budget to digital marketing and communications. The current pandemic is imposing digitization of all B2B businesses that would help to communicate with the buyers and generate sales. Digitization of the supply chain is a crucial aspect of e-commerce because it encourages transparency and shows real-time availability of goods right from the manufacturers to the buyers. This makes it extremely important for suppliers to implement digitization in their supply chain.
The present COVID situation has forced most suppliers to work from home. Those who have already been using digital media are able to manage work remotely. However, others need to think over and plan to reform their business model to adapt to the new era of e-commerce. The pandemic might be temporary, but this trend is not going to be! This is a breakthrough that will continue far into the future. Now is the best time to be innovative, leverage the benefits of the latest digital technology, data analytics, and AI and unlock the potential of digitalization and e-commerce in B2B business. An advanced e-commerce solution built on the latest technology facilitates seamless interactions online across marketing, product discovery, sales, and post-sale service in the B2B sellers’ space.
Read More: E-commerce ERP Software
Five ways B2B e-commerce can be transformative
As B2B e-commerce forges ahead, the healthcare and life sciences industries will prove to be faster adopters than others. They can fully leverage real-time data tracking inventory and logistics between buyers and sellers. For manufacturers and distributors who sell to hospitals and nursing homes, the level of information presented to buyers in the B2B space can depend on the size of the organization or the customer that is doing the transaction. Depending on the frequency of the order, the level of sophistication of information may vary. Shifting to B2B e-commerce will prove to be a much-needed transformation.
Here are five ways that this transformation will be seen:
1. Online Shopping Drives Online Presence
E-commerce is changing the way people and end-users (such as doctors) shop for healthcare products and the way those products reach the hands of customers. Instead of visiting a pharmacy, most customers are turning to the internet to perform the functions of a regular pharmacy. Healthcare and life sciences companies use a business model that features quick delivery to a patient’s door or to hospitals and healthcare centers. Investors see promise in this revolutionary approach to medication fulfillment, demonstrating that the market has confidence in this model despite the shifting healthcare and life sciences landscape.
With more and more people turning to the internet to access products and medical care, the healthcare and life sciences industries have been increasingly concerned with the quality of their online presence. According to an online medical marketplace, 50% of their customers are referred by their primary provider or by hospital staff, and 20% are referred by family or friends. This highlights the need for the healthcare and life sciences industries to increase their online presence and maintain it.
2. Helps explore new possibilities while cutting costs and time
Shifting to an online B2B e-commerce process can help businesses recover 25-30 percent of their investment. Some of the more mature players might even see higher returns of their business through online orders.
Migrating more orders online frees up time for sales reps. They can concentrate on introducing new products and capitalize on opportunities for new business. This allows industry leaders to use their time and ability to explore new channels of business and revenue streams. This can also help expand their client base and move into new markets.
B2B e-commerce enables the healthcare and life sciences companies to see where the business is coming from, where the segments are online and where they are offline. It also gives them the ability to offer variable discounts with certain customers, on certain products, or even just one customer. It will make drug prices more transparent and market-oriented.
Read more: Odoo E-commerce – 5 Reasons to Integrate Your E-commerce Application with Odoo ERP
3. Transforms Logistics Operations
Synchronization of logistic operations is critical for the success of any business. Enterprise customers generally look for reliability, speed, traceability, and convenience in delivery along with effective product returns, and exchange policy of damaged products.
Technology solutions for B2B e-commerce provide orchestration with an application that is to be hosted on an e-commerce website. The open standard in these applications facilitates information exchange that allows real-time visibility for seamless integration across supply chain stakeholders. E-commerce offerings can provide credibility and trust for transactions between companies involved in the supply chain.
4. Enables Customer Personalization
B2B e-commerce enables customer personalization. Enterprise customers want personalized solutions. B2B e-commerce provides a customer portal with content organized around the parameters of their past purchase history and price optimization algorithms that are adjusted on the basis of the relationship. E-commerce offerings are simple, flexible, and convenient. B2B players can use a comprehensive suite of tools that are available to help their customers navigate the site. Certain platforms incorporate live online support to assist with any queries or issues which can improve conversion levels and facilitate buying decisions.
5. Sheer Momentum
Many medical device companies are already selling products online to enterprise customers. The healthcare and life sciences market is ripe for disruption. Medical device manufacturers and pharmaceutical companies will continue to deliver to wholesalers and distributors, but e-commerce allows them to embark on direct-to-patient delivery. Logistics is ready to respond with tailored services for various products. B2B e-commerce is set to propel healthcare and life sciences forward in the extremely near future.
Ultimately, healthcare and life sciences e-commerce will facilitate the redistribution of stakeholders’ offline enterprise transformation and reconstruct all the links of the value chain. Realizing the benefits of B2B e-commerce, many healthcare and life sciences companies are becoming believers.
E-commerce can effectively optimize operating processes, reduce costs, manage resource allocations, and address the increasingly diversified consumer healthcare demands. The healthcare and life sciences companies must understand that due to the conditions of accelerated technology change, it has become critical for enterprises to become more skilled in deciding their future course and be firm in taking action. If you need help with this, we at Fingent are here to help you take that next step. Get in touch with us and just let us know what you need.
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There are over 400 million active websites in the world, as per a report of hostingtribunal.com and this is good enough to state the importance web development holds in the expansion of any business.
We at Fingent have the efficiency of rendering cutting edge web solutions and we are one of the pioneers in the industry. This is the reason why we are featured in a recent press release about the leading web developers of 2020 by TopDevelopers.co, a renowned research and review platform of IT service providers.
In the past 17 years, we have provided technology solutions that inspire and enhance the customer experience. Moreover, we work towards streamlining business processes by providing industry-specific web solutions that will enhance all kinds of business activities. Being noted among the proficient web development companies since our inception, we efficiently provide exceptional web solutions that will tackle our clients’ critical business requirements and help them expand their boundaries. Our skilled developers and designers have provided their services to a wide range of services apart from web development like business process re-engineering, business technology consulting, custom software development etc. And, globally we are familiar as one of the top software developers. At Fingent, we always employ dedicated quality analysis practices so as to consistently develop result-oriented and agile software solutions. Despite being the best in its class, our software solutions are highly cost-effective and that we are considered as a budget-friendly tech partner. Also, we make sure that the entire development process is transparent which keeps our client aware of the important project updates and deadlines.
With close to two decades of experience, we have provided our services in industries such as transportation and logistics, business services, utilities, education, retail, and many more. To have a quick overview of our previous works, visit our case studies.
Our industry focus and client focus areas, competitive pricing, client feedback, service specialties, and other ace qualities that justify why we are the right team to carve your next big step in the industry can be learned by visiting Fingent’s profile on TopDevelopers.co. The portal offers a genuine list of companies for the service seekers and a resourceful platform for the service providers to reach their prospective clients worldwide.
Who is TopDevelopers.co?
TopDevelopers.co is a widely respected directory and review platform for B2B IT service providers. They take a neutral approach in analyzing the companies. The team of analysts at TopDevelopers.co vets the companies through stringent parameters which ensure that only the most competitive firms, businesses, enterprises, and entrepreneurs are filtered through their process. This helps the service seekers in getting a ready to use pool of companies from which they can choose the appropriate firm according to their need.
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Why your business needs to adopt headless CMS architecture
70% of companies are actively investing in content marketing and almost 60% of marketers rate content marketing as extremely important or very important to their marketing strategy, states HubSpot. Modern customer behavior is driving up the demand for a more flexible, customizable, and scalable CMS that is adept to deliver the experience your customers expect. When compared to traditional CMS, Headless CMS enables organizations to speed up delivery times while iterating quicker. This blog walks you through seven specific business benefits of headless CMS. Let’s begin by understanding what headless CMS is.
What is meant by Headless CMS?
A headless CMS allows us to edit CMS and database without an integrated presentation layer. The integrated presentation layer, which is referred to as a ‘head’, restricts the use of content only to one particular channel such as a website. Once CMS is severed from the head, it could be used across various other platforms such as a mobile, tablet, and smart devices, making it ideal for the current business scenario.
7 Business Benefits of Adopting a Headless CMS
1. More flexible
Since headless CMS is API driven, it allows you to build your own head or a presentation layer/ frontend. Besides enjoying the ability to pick your programming language, your developers can develop the website without having to conform to any proprietary development constraints. A single piece of content can be reused or combined with various other presentation outputs enabling faster project completions.
A headless CMS allows secure and easy integration with any of your existing business systems. Additionally, since it does not have a fixed structure to code, your developers are at liberty to code for any type of integration. This gives them the flexibility to integrate with more complex systems.
For example, Sanity.io is a popular headless CMS that allows you to embed editable data in running text and cache multiple queries on a single request. It also provides real-time collaboration, content versioning, and live previewing.
2. Supports Omnichannel Selling
For marketers to provide a customer-pleasing experience, each channel used by the business would require access to the current product information and availability. It can be quite a challenge to create iconic content that shines across all touchpoints. Instead, a headless CMS provides the capability to orchestrate a seamless experience across all touchpoints while maintaining consistency and relevance. For instance, Sitefinity empowers brands to deliver a personalized experience across channels.
3. Headless CMS is Future-Proof
A headless CMS enables businesses to future-proof their applications by separating the presentation layer from the data and logic layer. You can structure your content to facilitate future-proofing for new projects. Also, you would not be required to make any technical changes when re-branding one or more channels. Sitecore is a leading headless CMS that offers enterprise-class search and content targeting to boost personalization efforts, among other things.
It is a lot cheaper for your business team to create a new functionality because headless CMS requires little technical involvement. For example, if your marketing department chooses to create a new series of product mini-sites, they do not have to depend on developers to build CMS-based templates. Instead, the marketing team can directly go to the CMS and start creating the mini-sites as and when required, reducing your up-front costs. Kentico CMS, for instance, comes with tailored custom pricing. Websites of popular brands like Sony and Starbucks are powered by Kentico.
5. Offers Better Software Architecture
A headless CMS is architected to decouple CMS platforms and published content. This strengthens security because access to the CMS is restructured internally within the organization. It increases scalability simply by spinning up a new app server and pointing it to the content. It remains available against all odds because even when the CMS application goes offline, web applications will not have an impact. Episerver, the leading WCM platform supports editors to drag-and-drop content to create new digital experiences quickly.
6. Allows you to do more with less
Organizations will no longer need large teams of specialists with particular CMS knowledge, unlike the requirements for a traditional CMS.
7. Lets You Focus on Your Business
Worrying about your CMS can be time-consuming and distracting. A traditional CMS structure can take your attention away from growing your business. Whereas Headless CMS allows you to use your precious time and resources to grow your business. Being a multi-tenant system, it is fully managed and upgraded for you.
A Step Forward
Apart from these, there are several other reasons why businesses must consider a headless CMS. The important aspect to consider is how you want to manage and store content for products and articles. This can have an impact on websites, application performance, and conversions. Hence, as marketers, it’s time to take a step beyond traditional CMS.
If you’re considering a headless CMS to improve your digital content experience, send us a message immediately.
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Fingent recognized as the Top PHP Development company by the TechRivewer.
Immense expertise, constant innovative thinking, and deep market understanding make the perfect blend to remarkable excellency. Proclaiming these qualities, Fingent yet again outruns its way to rank the Top PHP Development Company in 2020.
PHP is the most common programming language used in web development today. Be it the simplest applications, or the most advanced ones like Drupal, vBulletin, MediaWiki, or be it the most popular WordPress. Everything works on PHP today. And so it becomes imperative for businesses to find and rely on the right PHP development providers for best services.
Research and review hubs like TechReviewer makes it convenient for businesses to select from a vast pool of development companies. Analyzing through their capabilities, success stories, and client reviews, TechReviewer helps businesses connect with the right technology partners by compiling lists of the leading software outsourcing companies.
Fingent, a web development company that has proved its worth by delivering upscale web solutions to clients across the globe, is recognized by the brand-new research & analytics agency, TechReviewer.co, as the Top PHP Development Company in 2020.
With extensive experience in delivering full-cycle PHP development services along with deep technology expertise, enables Fingent to hit the lists of leading PHP development firms, making it the most reliable, experienced and reasonable company to outsource software development.
Established in 2003, Fingent strives to solve complex business challenges with customized software solutions. With an active client base across 14 countries and expertise in over 20+ industries, Fingent is a front runner in catering PHP development services. Our research and development team is dedicated to analyzing products based on market trends and targeted audiences. This enables us to provide our clients with an extra edge that helps them sustain and relish the cut-throat market environment.
“We help our clients understand technology in a way that they can leverage the best tools to provide unique and innovative customer experiences. For us, it is not just providing software solutions to our clients, but to help them reshape and transform with technology.”
– Dileep Jacob, Senior Vice President, Global Operations, Fingent.
Being featured among the leading PHP development companies is indeed a great honor for us. We take this opportunity to thank our clients and partners who have placed immense trust in our approaches and services. We will continue to justify the trust with utmost dedication, expertise, and innovative business solutions.
Learn how we can help transform your business for a better future. Get in touch with our experts today to know more about our services, expertise, and technologies.
Also, read more on why Fingent Stamps its authority as a leading CodeIgniter developer of 2020.
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Top 5 benefits of outsourcing software development services
Software development outsourcing is empowering companies worldwide, including the most successful ones across their journeys. Leading players like Google, WhatsApp, Slack, and Microsoft have ample stories to share on their victorious feats with outsourcing development.
A study by Technavio reveals that the global IT outsourcing market will flourish at a CAGR of 5% during the period 2020-2024. The demand for outsourcing software development services keeps surging as organizations want to optimize their business processes and align their strategic planning with their operational strategies.
Outsourcing your IT necessities can be a boon in times of financial and natural adversities because outsourcing companies like Fingent implement business continuity planning and disaster recovery plans to fulfill obligations and deliver services without interruption.
If your company’s growth is dependent on software, and if you cannot afford your in-house IT team to divert from their core operations, it’s high time to outsource your software development needs.
Why software outsourcing is good for your business?
Facts and testimonies speak the truth!
More and more businesses today are relying on software outsourcing companies to develop their projects. Working with an outsourcing company will help you mitigate the risks of running a project internally. Outsourcing can compensate for a lack of in-house skills and ensures that your product is delivered on time.
At Fingent, we specialize as an offshore software development company. Many of our customers have shared their outsourcing success stories with us. A .NET based SaaS platform developed by Fingent has played a great role in the growth of the property management undertaking – SimpleRent. Here’s what SimpleRent’s founder told us.
PwC, one of our prominent customers, reports an 80% increase in productivity and a 67% faster ticket resolution rate after Fingent helped them implement a smart ticketing system. Thanks to outsourcing!
As an outsourcing development company, here are a few reasons why we think outsourcing makes your business more efficient and smarter.
1. Access to the finest talent and latest technology
Software development outsourcing helps in finding the right talents and minimizing your human-resource problems. If your country has a limited talent pool, outsourcing gives you access to a wider talent pool available anywhere on the globe.
Technology keeps evolving every day and your business needs to take advantage of its benefits. With outsourcing, you will gain access to new and innovative perspectives and an opportunity to utilize strong and diverse technology expertise.
2. Outsourcing cuts down your costs
The biggest benefit of offshore software development undoubtedly is the cost savings. Outsourcing software development companies do not necessarily demand you to make any upfront investments. By contracting work to other companies, you can cut down 70-90% of your labor costs, all while paying your outsourced workforce at competent rates. The cost advantages make your development project more attractive and reduce your overall workload.
Adopting a cost-effective engagement model is crucial to the success of outsourcing. We help you choose the right engagement model essential for the creation of your state-of-the-art product.
3. Improved flexibility and time management
When you outsource your work, you don’t have to spend time hiring and training resources. At Fingent, we take care of all the change requirements even when the project sizes vary or resource-related demands scale up.
Outsourcing software development services accelerate your time-to-market. With people working around the clock, your competitiveness improves greatly and gives you an edge over your competitors.
4. Take your business to the next level with a focused strategy
To win the technological race, you need to have a focused strategy. Every business needs to align its operational strategy with the changing people, process, and technology. When your software is developed by an outsourcing company, your business processes will be highly streamlined and optimized, allowing you to focus on the core activities that will take your business to the next level.
5. Managing risks and compliance
Partnering with a software outsourcing company like Fingent enables you to mitigate the risks associated with handling your project. We follow a high-quality project management system that has been tried, tested and proven across our past as well as ongoing projects.
While outsourcing your software development needs, you are setting out to work with a global talent pool. We take care of all the legal compliance-related matters that have to be fulfilled while onboarding offshore resources as well as forging contracts with our clients. This lets you focus on other things that matter.
Related Reading: The Pros and Cons of Outsourcing Mobile App Development
Ready to outsource your software development needs?
From resource hiring and onboarding to management training and payroll software, several functions can be outsourced by a company. In the age of globalization and technological competition, software development outsourcing is the key to your success. Share your queries and concerns about outsourcing with us. Our consultants can walk you through the best and most affordable solution that works for you.
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How AI is bringing change to the software testing practice
Artificial Intelligence is penetrating into multiple functions performed by the software industry. In software testing, the technology holds the potential to be a game-changer. Imagine the capability of your software to test and diagnose itself and make self-corrections! This will lead to huge savings on your resources. With this in mind, let’s try and understand exactly how AI will impact the traditional way of software testing.
Before we proceed, let’s get one thing clear – Do we really need AI in software testing?
Do We Really Need AI in Software Testing?
Software testing came into existence as a result of the evolution of development methodologies. It fed the need for robust, error-free software products. Testing was a laborious task for sure. However, automating software testing required traceability and versioning, both of which were critical and needed careful consideration. Something was needed to resolve this.
As businesses move towards digital transformation and the software market continues to grow, businesses expect a real-time risk assessment across all stages of the software delivery cycle. AI in software testing is the right response to these challenges. AI can develop error-free applications while enabling greater automation in software testing. This helps meet the expanded, critical demands for testing. It improves the quality of engineering and reduces testing time allowing the tester to focus on more important things. The verdict is clear then – We Really Need AI for Software Testing!
Five Impressive Ways AI Impacts Software Testing
1. Improves object application categorization
AI is widely used in object application categorization. When tools and testers are created, unique pre-train controls can be created. Once the hierarchy of the controls is categorized, testers can create a technical map to obtain labels for the different controls.
In the near future, AI will become capable of observing users perform exploratory testing on the testing site. And once user behavior is assessed, it can assign, monitor, and categorize the risk preference.
2. Automation of test case writing
Gone are the days of web crawlers. As automation is picking momentum, AI tools have become capable of learning business usage scenarios of test applications.
Related Reading: Unconventional Ways Artificial Intelligence Drives Business Value
They can automatically collect insightful data such as HTML pages, screenshots and page loading time and eventually train ML models for expected patterns of the app. And as soon as they are executed, any variations are marked as potential issues. This makes it easier for the tester to find and validate differences and fix issues.
3. Enhanced accuracy
To date, source analysis requires human resources to accomplish the task. Unfortunately, because of the enormity of the data, even the best experts could overlook, or miss out on observing certain critical defects. Human error and the tendency to lose focus further impairs the experts involved in software testing. It can be disastrous if bugs caused by these errors are caught by consumers before project stakeholders. Product positioning and brand reputation can be jeopardized.
Thankfully, AI can teach systems to learn source analysis and, in the future, apply this acquired knowledge. This ensures that testers have greatly enhanced accuracy. It eliminates the probability of human error and also shortens the time to run a test and increases the possibility of finding defects or bugs.
4. Automation without the user interface
AI-based techniques can be applied for non-functional tests such as performance, security and unit integration. It can also be applied on various application logs which assists in developing auto-scaling capabilities such as bug prediction.
AI algorithms can enhance UI testing, predict the next test, determine the outcomes for subjective and complex tests and much more. In other words, AI could increase the overall test coverage while it increases the depth and scope of the test itself.
5. Reduces cost and decreases time to market
The need for manually repeating a test is time-consuming and extremely expensive. But with AI, such tests can be automated to repeat several times over. Each time the software test is repeated automatically, the source code gets modified to correct any bugs. This eliminates the additional cost of repeating the test and increases the speed of the test from days to hours, which in turn saves more money.
Related Reading: Quality Assurance in Software Testing – Past, Present & Future
Allow AI to Revolutionize your Business
AI has proven to have a significant impact on software testing with its benefits ranging from optimization to extraordinary savings. It enables testers to move beyond the traditional route and dive toward precision-based testing processes. This can prove invaluable to your business. To find out how you can make this happen for your business, contact us.