Keys to Success in Business
How Software Product Development Process Defines the Success of Your Product?
In today’s digitized world, custom software development has become a huge enabler of business growth, providing companies across industry sectors with the tools for achieving their goals.?
As noted in the article by Forbes, only 23% of organizations use standardized project management practices, making software development projects notoriously difficult to manage for most organizations. As a result, one in six software development projects overruns its budget by 200% and its timeline by over 70%. Such overruns can deal a noticeable blow even to the largest players on the market while mid-size and small businesses may incur catastrophic problems that may threaten the organization.?
Examples of Successful Digital Transformation in Business??
According to Gartner, 82% of CFOs strategize digital transformation to advance their companies’ competitive edge. In a rapidly changing business landscape, digital transformation has become an existential imperative for companies operating in various industries.?
The primary goal of implementing digital transformation is to propel an enterprise’s efficiency, effectiveness, and competitiveness. Digital transformation implies the integration of technologies into different business areas, from product development to customer experience. It helps companies create new revenue streams, improve operational efficiency, and drive innovation.?
As a result, digital transformation captures a sense of cultural change that has been revolutionizing industries for decades and enables companies to challenge the status quo and continuously experiment with market shifts.?
What does "The success of Business" means for you?
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