When developing your application, the quality and efficiency of your code is an important factor that affects scalability and performance. Writing clean, readable, and maintainable code that follows best practices and standards is essential. To optimize your code for speed and resource consumption, you can apply techniques such as caching, compression, and parallelization. Caching involves storing frequently used or expensive data in a fast and accessible memory to reduce requests to the database or external services. Compression reduces the size of data sent or received over the network by encoding redundant or unnecessary information. Parallelization splits a large or complex task into smaller subtasks that can be executed simultaneously by multiple threads, processes, or machines. However, you must also manage cache size, expiration, invalidation policies, compression ratio/processing time balance, synchronization/communication/coordination issues, and avoid concurrency pitfalls. By doing so, you can improve performance and scalability of your application as well as enhance user experience.