8 Benefits of Software Development in business

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When I think of software development to enhance business processes, my first thought is, “Hell Yeah!” 

Reduced production time, increased manufacturing flexibility, reduced costs, elimination of human error are a few of the reasons businesses have been looking for this buzzing word  – Process Automation. 

According to a report by Forrester, up to 22% of businesses are yet to acquire process excellence and workflow automation, both being aspects crucial to growing revenue and customer satisfaction.

Process excellence is a key focus area if you, as an enterprise, desire a growing roster of happy customers. Software development is the most effective way of getting started on the path of process excellence.  

So, what can we do to prepare for the advancements? The answer, Software development. Read on as we delve deep into how software development can be the jet fuel of business performance- 

Would you achieve this through Software Development? 

The utilization of technology to execute recurring tasks and processes in a scenario where human effort can be replaced is termed as software development; The immediate outcomes of which are- 

1.  A significant boost in productivity brought about by enhanced access.  

2. Software development and deployment creates Increased transparency of business processes, which improves accountability and visibility. 

3. Software development serves as a fishnet for errors and the capability of fixing them as they occur. Performance reports of your processes will arm the enterprise with insights to take preventive measures against recurring errors. 

4. Faster turnaround times and a reduction in costs 

Read More: Best AngularJS development tools

Why Choose Software Development for Your Business 

For a more precise understanding, here are some compelling reasons to automate your business processes with software development 

1. Software development acts as a stepping stone to digital transformation 

Digital transformation can sometimes feel like an almost unachievable goal to organizations still functioning in analog environs. Software development acts as a stepping stone for an enterprise adopting the culture of continuous transformation, paving the way for a successful digital transformation.  

2. Enhanced clarity 

Automation demands clarity about the process from the beginning, i.e., the designing stage. Therefore, organizations desiring to automate are pushed to determine the tasks involved and the people responsible for running the process and their functions. 

Process mapping, a software development function, provides clarity to relevant employees and serves as a resource for training. Many insights can be gained from analyzing an automated process, clearly showing gaps between how your process currently is and how it should be.  

3. Standardized operations 

A consistent standard of outcomes can be expected with software development every time. This standardization assists your enterprise in positioning itself as reliable, which in turn does wonder not only for customer retention but also in growing your customer base. 

4. Increased customer satisfaction 

With Software development, your enterprise can now focus on process and operational excellence, helping you exceed customer expectations with ease. Customer satisfaction is a critical differentiator in every industry. When your enterprise consistently meets promised standards, it is very likely for your customers to develop a preference for your enterprise. 

5. Improved employee efficiency  

Improved employee efficiency translates into enhanced productivity, which means larger revenues. Technological assets, which result from software development, play a critical role in making employees more effective. 

Software development allows core business functions such as finance and HR to let go of time-consuming manual processes and automate areas such as payroll, allowing leadership teams to focus on wider business opportunities, thus getting new clients/generating new revenue streams. 

Software development is crucial for innovation and enables efficient processes such as remote working and access to tech and services, thus creating an environment that facilitates employee achievement of consumer-level experiences. 

7. Strengthened partnerships 

Customer demands are ever-increasing, and the market now houses fierce competition within industries. Enterprises have realized how relying on one another can make their products/services more relevant to customer requirements. Enterprises now work with consultants, distributors, and even sub-contractors to produce products/services that pique customer interest. 

Managing such partnerships requires detailed document-based communication, which happens to be a process that is viewed as a massive efficiency obstacle. Software development facilitates the adoptive enterprise with technology that can redesign this process. 

An example would be an eSignature system, which enables streamlined workflows that are more accurate, on time, and increasingly transparent. With software development, the gap to mobile technology can be bridged, assisting employees in achieving optimal efficiency levels. 

Enabling software development in the enterprise can help businesses gain a competitive advantage by making themselves more available to prospective clients/partners. Software development makes internal processes more efficient, scalable, and flexible by introducing tools that strengthen partnerships and generate time and resource gains. 

8. Better strategic decisions 

With software development, enterprises can place data and analytics at the center of their decision-making process. The tools that software development provides enable businesses to take advantage of big data and convert it into high-value business insights, which can make more informed strategic decisions much faster.

With deep integration of software development tools infused in business operations, enterprise strategy can be increasingly effective. 

Leveraging data from IoT devices and deploying AI-based technologies are key to tapping into big data’s massive potential. Every day heralds an innovation in data and analytics that can help modernize legacy applications and work through data a lot faster and much more reliably, thus supporting decision-makers in their strategy efforts for enterprise progress and revenue generation. 

What Business Processes Should One Automate With Software Development 

Luckily for enterprises, software development is not limited to a handful of functions and can be substituted in the processes mentioned above. A few factors that indicate the need for automation include the following- 

  • High-volume of tasks 
  • Need for compliance and audit trails 
  • Time-sensitive nature 
  • Multiple people required to execute tasks 
  • Significant impact on other processes and systems 

If an activity meets all the above criteria, there is a definite need for the enterprise to automate the business process. 

Wrapping up 

Today the customers, whether internal or external, demand the same kind of experience in their professional environment that they have with technology in their out-of-office lives. This can prove exceptionally challenging to achieve for a business.  

The demand for more agile IT services, networking capabilities, and customer-aligned user experience can easily be met through custom software development. 

Software development leads to a more engaged audience both inside and outside of the organization allowing IT leaders to reach and efficiently engage customers who are the focal point of sales operations resulting in enhanced revenues that jet fuel your business. 

Pratik Mistry
Pratik Mistryhttps://radixweb.com/
I am Pratik Mistry, a rare mix of technologist and vice president in sales at Radixweb. My passion lies is in helping companies to grow revenues by delivering top notch custom software development solutions and build value-based partnerships. When not driving high-impact go to market strategies, I love to try new cuisines and going to the movies.

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