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March 11, 2020

The COVID19 pandemic brought changes in the global market and deeply affected many nation’s economy. It made it clear for many businesses that “going digital” is key for survival.

For example, quarantines all over the world have banned the public from being able to buy goods and services in-person; alternate solutions to sell products and services became vital. Social distancing has also forced businesses to migrate to a home office environment; meaning the importance of everything digital became critical.

Digitizing businesses’ process generates significant competitive advantages: simplification of tasks, greater efficiency and cost reduction among others. This is explained by the large amount of capital that businesses invest to make this happen. According to the International Data Corporation (IDC) the world’s expenditure on digitalization will be 2.3 billion dollars by 2023.

So, in order to transform their business, some companies are contracting off-the-shelf or pre-made software. Others take the custom software or bespoke route.

The development of custom or bespoke software has many advantages versus their off-the-shelf counterparts. The main one being that a custom software adapts to exactly what the business needs since it’s developed to address business-specific needs. Compared to a “one size fits all” approach, this can mean faster benefits, in particular, in terms of adoption by the users.

Another benefit of custom software is integration to preexisting systems, which allows continuity of general procedures and makes quality control easier. At the same time, integrating different existing systems and centralising data reduces support costs.

In addition, custom apps and systems are highly scalable can be more readily adapted to specific user needs.

Finally, having a digital assets is an investment that can be very profitable and increases the value of its assets. Some businesses even resell or licence the software they have developed for themselves.

Developing custom-made software requires a detailed and comprehensive mapping of the business needs, as well as tech partner with the necessary experience to interpret the functionalities and features needed and develop suiting software in consequence.

At Viveo we bring solid experience in the development of custom-made software and apps. We love making businesses soar leveraging from technology.

Contact us to see how technology can help you business: https://www.viveogroup.com/

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