Solution Machine

A majority of companies actually expect failure for their software projects. But what if that didn't have to be? Join us (https://lnkd.in/grVhNcge) on Wednesday, April 24th at 12 pm CST for the upcoming webinar "Why Software Projects Fail, and the Traps You Can Avoid That Could Spell Disaster" as we explore what it is, the 5 types of projects unlikely to succeed without it, and why it matters for your development projects. In the webinar, we will: 1. Outline what is the discovery process and why it's important. 2. Difference between project discovery versus product discovery. 3. Share how to mitigate the risks for your next development project. There will be an opportunity to ask questions at the end of the webinar. Join the Live Webinar on April 24th at 12 p.m. CDT:? https://lnkd.in/grVhNcge All attendees will receive a copy of our guide: Decoding the Process of Discovery: What Is It and Why It Matters for Your Development Projects. #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation

Deciding between building custom software, buying Commercial Off-The-Shelf (COTS) software, or customizing COTS software depends on several factors. Is there a simple decision tree that points you to the right decision? Not really. Every business situation is different and has a unique set of variables and tradeoffs. Budgets, timelines, urgency, the competitive landscape, and more contribute to how you approach a digital transformation project. Here, we present a few high-level criteria to help guide your decision process. These should be taken as a starting point, not hard-and-fast rules: https://lnkd.in/gBquPFYg ? #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation

A good beginning makes the rest of the journey easier. The same holds for the discovery stage of development or digital solution projects. But unfortunately, discovery is often skipped in most projects across industries. This results in missed deadlines and overshooting the budget. According to McKinsey, - 17% of IT projects are of such poor quality that they result in the failure of the company. - 45% of projects exceed the estimated budget. - 56% deliver less value than initially predicted. Join us on Wednesday, April 24th at 12 pm CST for the upcoming webinar "Why Software Projects Fail, and the Traps You Can Avoid That Could Spell Disaster." Register here: https://lnkd.in/grVhNcge All attendees will receive a copy of our guide: Decoding the Process of Discovery: What Is It and Why It Matters for Your Development Projects. #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation

Do I build custom software or buy it off the shelf? What if there is a third way...a hybrid approach of buying COTS software and customizing it? Is there a simple decision tree that points you to the right decision? Not really. Every business situation is different and has a unique set of variables and tradeoffs. Budgets, timelines, urgency, the competitive landscape, and more contribute to how you approach a digital transformation project. Here, we present a few high-level criteria to help guide your decision process. These should be taken as a starting point, not hard-and-fast rules... https://lnkd.in/gBquPFYg #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation

How can you weigh the advantages and disadvantages of purchasing a ready-made (COTS) software for your business? It might seem appealing for various reasons, especially the quick installation process compared with tailored software. Whatever your business challenge, it is likely that there is a software provider somewhere in the world that has a product to help address it. However, COTS software is not without risks, and most businesses have specific issues that no software available can fix. Let’s look at some of the pros and cons of COTS software...https://lnkd.in/g_MedjYc #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation

What are the pros and cons of buying a commercial off-the-shelf (COTS) software for your business? Although attractive for many reasons, not the least of which is the short implementation cycle compared with custom-built software. No matter your business problem, chances are good that some software vendor somewhere in the world has a product to help solve it. However, COTS software is not risk-free, and most businesses have unique problems that no software on the market can solve. Let’s look at some of the pros and cons of COTS software...https://lnkd.in/g_MedjYc #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation

What are the pros and cons of building your software? Making a build-vs.-buy decision is all about weighing each choice’s risks, benefits, costs, and payoff, and understanding the tradeoffs. Custom software usually entails higher costs and risks, but the benefits can be substantial. Building custom software to address your unique business problems has the significant advantage of giving you, at least in theory, the exact solution you need—nothing more, nothing less. The major downside: It requires a significant investment in time, money, and resources to pull it off. And there’s a non-zero risk of failure. Those are the big-picture pros and cons of building your software. Let’s dive into some of the details...https://lnkd.in/g7yKx_Yy #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation?

The quest for digital solutions to modern business problems inevitably leads to a fundamental choice:?Do you build a solution from the ground up or buy a commercial off-the-shelf (COTS) system? The choice is rarely, if ever, straightforward. The first step is to gather some facts. To that end, we present a set of 9 crucial questions that your organization should ask itself before choosing an implementation path. 9 questions you need to ask: https://lnkd.in/g_8dVJN5 #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation

Do you build a custom application, or do you buy commercial software off the shelf? How do you determine what path will give you the greatest return on that investment? In most cases, this is not an easy choice. Every business has unique problems they are trying to solve, and only in rare cases does a COTS solution meet all of the stated requirements. In today’s business environment, mid-market companies are being forced by circumstances to achieve more with limited resources, and this often means implementing digital solutions to address issues such as: - Differentiation in the marketplace—overcoming the competition with advanced technological capabilities. - Controlling price inflation and ensuring a consistent, reliable supply chain. - Providing customers with an immersive experience that delights them while minimizing the strain on customer-facing teams. - Dealing with a shortage of available talent (or available budget to attract and retain such talent). - Sustaining growth in an uncertain macroeconomic environment - Maximizing the productivity of a workforce that is increasingly home-based. Read more at... https://lnkd.in/dui3rRyB #applicationmodernization #productdevelopment #softwaredevelopment #customsoftware #modernization #midmarket #digitaltransformation?

What Does “Application Modernization” Mean to You? ? It’s a broad concept that can mean different things in different organizations. Some common notions of application modernization include: ? - Updating or upgrading applications to the latest version ? - Moving legacy applications to new hardware or to the cloud ? - Enhancing existing home-grown applications with new features and functionality ? - Replacing legacy applications altogether to get better performance, more scalability, more capability, or better security ? All of the above and more are legitimate modernization examples. Every organization’s notion of application modernization is driven, at least in part, by its motivations for modernizing. ? Why Modernize? ? In modern business, no one can justify the effort and expense of a modernization project “just because.” As with any IT project, you need a solid business case...read more: https://lnkd.in/gSTCbBag #solutionmachine #applicationmodernization #customsoftware #saasproductdevelopment #customsoftware #productdevelopment #modernization ?