IT Processes

To keep afloat, every startup needs to be profitable. In theory, all you need to do is maximize the difference between the cost of production and the marketing costs for your product or service. In practice, just as you can’t reduce the cost of production to zero, you can’t endlessly increase your marketing costs because of competitors and the solvency of your target customers. How to find the right balance between expenses and revenues that will make your business viable? There’s one possible

Like most entrepreneurs, you believe in your startup’s success. But what if this belief is blind? Picture this. After spending 18 months and $70,000 on launching your new business, you recognize that revenue doesn’t meet your expectations and never will. The market is too small, the competition is too high, there are too few paying customers. Is there no way for startup owners to avoid financial losses and frustration? In this article we will dive deep into how to do market research for st

Wrapping your mind around software development processes can be hard. When you come up with an idea and approach developers with it, the first two things you ask are how much it will cost to implement and how long it will take to build. Estimation is one of the first steps in app development. In this article, we compare the two most popular estimation models in modern software development: Agile story points vs hours. Read on to learn how to estimate time in Agile, get the gist of both estim

If you can’t decide whether you should develop your app or website in-house or outsource development, you’ve come to the right place. In this article, we dive into the in-house vs outsourcing software development debate. We’ll review your mobile and web development options, cover their pros and cons, and offer comparisons. Outsourcing vs In-house Software Development Models First of all, what are the outsourcing and in-house software development models? In a nutshell, in-house software

Entrepreneurs have mixed opinions of software development outsourcing these days, and for good reason. The failure of a payroll app development project outsourced to IBM in 2007 cost the Queensland health department $1.2 billion. On the other hand, outsourcing development to the US allowed Jack Ma Yun, the founder of the Chinese company Alibaba, to bring in $60+ billion in revenue in 2021. What did Ma know that Queensland Health didn’t? In this article, you’ll figure out how to reduce the ri

Building MVP is no simple task. Startup founders face great disappointment when, after months of exhausting work and large sums of money spent, their company fails to withstand the fierce market competition. Here’s what the US Bureau of Labor Statistics tells us about the survival rate of private sector establishments: * 20% of new businesses fail in the first year. * 34% of businesses close within the first two years. * More than 50% of businesses remaining after the second year close by

What is digital transformation? The answer might vary depending on who you ask. But what many business owners have in common when it comes to digital transformation is that they recognize its impact but are hesitant to undertake it. In this article, we talk about the advantages of digital transformation and how to go about building a solid digital transformation strategy for your business. What is digital transformation? That’s a tricky question. Here’s a very general answer: Digital

Testing is an irreplaceable part of software development. Quality testing helps to battle security breaches, which currently cost companies about $25 per minute according to RiskIQ. In Agile methodologies, testing is a continuous process that starts right at the beginning of development. Today, testing can be done either manually or automatically. Let’s look into the manual testing vs automated testing dilemma. You’ll learn the advantages of automation testing over manual testing and vice vers

In this article, we compare the dedicated team, fixed price, and time and materials outsourcing models, analyze each in detail, and provide tips on how to choose the appropriate model for your startup project. In addition, we describe the advantages and disadvantages of outsourcing and common problems that companies face when outsourcing. The term outsourcing refers to any situation in which a person or company provides services (performs tasks), or produces products for another company. Outsour

Single-page web apps have existed for almost twenty years already, but their popularity is relatively new. The reason for that is technological development: current technology allows developers to turn what used to be major drawbacks into workable solutions or even benefits. In this article, we’ll talk about the differences between single page applications and multi-page applications and which to choose for your business. The single page application (SPA) vs multi page application (MPA) battle

Save the trees; move your classifieds online! Well, maybe it’s not the best CTA of the year. However, it’s the twenty-first century, and a great many things have moved online, advertising included. You know Craigslist, of course, but it’s not the only classified website. The United Kingdom has Gumtree, and OLX is as well known as Craigslist — maybe better known — in some countries. In this article, we’d like to share some insights into how classified websites work, how they make money, and h

Highlights * For manufacturing businesses with unique processes or a higher risk of targeted attacks, custom manufacturing software development is recommended. SaaS solutions, offering quicker and more cost-effective options with potential limitations in customization and data control, may be better suited for budget-conscious businesses. * As the most versatile operations management software, ERP systems are relied upon by 96% of emerging businesses excelling in their industries, with manuf

The “plan your work and work your plan” philosophy has proven its efficiency many times in history. Proper planning defines the success of any serious initiative, including software development. The software development industry has come up with several approaches to meeting business requirements. The software development life cycle or SDLC methodology defines the way a product is brought to life and maintained. It helps you turn creative ideas and market requirements into product functionalit

In this article, we discuss approaches to risk management in the software development process. We also pay attention to the importance of risk management from the business and development perspectives and even give an example of a risk management plan. On November 12, 2019, Disney launched Disney Plus, a Netflix-like streaming service with original content. Thousands of users were ready to pay $7 per month or more to enjoy content by Pixar, Marvel, Star Wars, and many other franchises. Eager

What is the difference between a soft launch and a hard launch? How can you choose which one to go for when it’s time to release your app? If you’re interested in the answers to these questions, read on. What are the hard and soft launch models? Let’s start with short explanations of a soft and hard launch. A hard launch is when you release a completed product, either globally or in your entire target area. A hard launch usually involves a lot of marketing. A soft launch is a beta of so

In this article, we go over the importance of requirements in software engineering and reasons why neglecting the requirements stage isn’t a wise idea when building an app. "Working software over comprehensive documentation." This is a part of the Agile Manifesto. On the surface, this statement may seem to imply that requirements are inconsequential and not worthy of the time. Some developers and their clients forego proper documentation. But that’s a mistake. Let’s start with a little exp