How can your business benefit from bespoke software development?

Published on: 01 August 2018 Last Updated on: 08 August 2019

Many businesses rely on off-the-shelf applications and stock software to run their operations. As much as such software comes with different features, it might not provide all the functional requirements that come with running a business. You might also run into challenges as stock software also comes with other unnecessary functions that might not be relevant to your policies. One of the solutions to this challenge is to hire professionals for bespoke software development.

It comes with a number of benefits that could help your business as shown below.

Control over design and functionalities :

Bespoke software development helps a business to customize its applications to accommodate its requirements and needs. The developer uses tools to come up with designs that are useful to their clients. The advantage of bespoke software development is that the entire development process is monitored and your feedback helps in ensuring the developers include only features that your business needs.

Complete ownership :

As a business owner, you will have complete ownership of the software designed for your business. This might not be the case with third-party applications as there are terms that bar you from making any changes to the way the software operates. Working with a Bespoke Software Development Company that deals with web and software development gives you an asset that you can manage freely and you don’t have the compulsion to upgrade your software. You can only do this whenever you feel that your business needs an upgrade of operations but not because a third party has decided it’s a mandatory procedure.

Expansion of existing tools :

If the business owns tools for managing data and other processes, you can hire a bespoke software development agency to have these tools expanded to transform repetitive tasks through automation. Tailored multi-user tools can store data and use a central repository and this would help to save time for the business. It also enhances transparency, access and reporting, and data validation. Such a system brings together an array of operations together to transform how the business runs.

Integration :

Developers can make bespoke software to integrate with other applications installed to help the business. This is not to say previous integrations are rendered obsolete, but it’s a way to enhance the efficiency of systems by providing backing technology. Bespoke software should be introduced as a measure to improve operations.

Potential marketability :

In other cases, you might decide to sell software that was developed for your business. Although the application was originally developed for internal use in your business, a bespoke solution could be turned into an off-the-shelf application that can be used by other businesses. This creates room for your business to earn more money by leasing the software.

Software integrations can help a business to run more efficiently. Although many businesses use third-party applications, it is cheaper and more convenient to have bespoke applications developed with the needs of the business in mind. Such an application is the property of the business and you can make any upgrades or tweaks you want to suit your business.

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A Viable Alternative to Wild Fish: Can Salmon Farming Be Sustainable?

The demand for salmon continues to soar as it drives the expansion of aquaculture. For many years, conscientious consumers have been advised by the environmentalists to keep away from farmed salmon, but things have begun to change due to the evolving industry. Salmon is rich in protein as well as omega-3 fatty acids which are ideal for your heart’s health. As a result, salmon has increasingly been marketed as a healthy product for consumption. The demand for salmon has increased more than 20% in the past years while consumption is much higher than it was in the eighties. Despite these promising numbers, many people still question the viability of salmon farming. To understand whether or not salmon farming is sustainable, here is what you need to know. Aquaculture Then and Now: Aquaculture, the practice of raising seafood within a controlled setting, has been around for many years. This practice was used by the Australian indigenous people and people from the Roman Empire. In China, aquaculture during the Tang Dynasty resulted in the mutation which created goldfish which is now used as a ubiquitous pet in homes. Currently, the aquaculture industry is one of the fastest growing sectors in the entire world. The natural fisheries have placed limitations on the number of fish that can be caught during a particular period of the year. As an alternative, fish farming has offered consistent and large quantities of seafood and fish. The addition of aquaculture stock including oysters and salmon has been instrumental in meeting the current demands for seafood, making aquaculture a more sustainable practice. Today, aquaculture and Salmon farming plays an instrumental role in the economy, offering numerous job opportunities in the operations as well as the ancillary services. The Environmental Defense Fund states that exports of global fisheries now earn more revenues as opposed to any other traded food component such as coffee, cocoa, and rice. This aspect illustrates the sustainable aspect of aquaculture and farmed salmon. What are the Misconceptions? The farmed salmon industry faces so much negative perception, most of which is brought about by the media hype. One of the greatest misconception people have about farmed salmon is that doesn’t offer the same nutrient quality as the wild salmon. Nevertheless, just like the wild salmon, it is imperative to not that farmed salmon has low saturated fat as opposed to other kinds of proteins. Moreover, the rich, pink hue of this kind of fish is created from natural compounds found in their feed. As mentioned earlier, one of the advantages of farmed salmon is its provision of the beneficial omega-3 fatty acids which can be seen in most wild salmon varieties. Through a number of independent studies undertaken by the National Cancer Institute, FDA, and other reputable companies or organizations, PCB levels evident in the wild and farmed salmon are safely under the tolerance levels that the FDA has set. Apart from the nutritional misconceptions, there’s some sort of confusion among the public regarding the environmental impact of salmon farming and the feed conversion processes. According to recent studies, the feed conversion ratio of farmed salmon is quite lower compared to the wild salmon. Moreover, the extensive water testing evident in salmon farming has shown that the farming process doesn’t negatively affect the water’s overall quality. Low Impact on the Environment: According to studies conducted by the National Oceanic and Atmospheric Administration, aquaculture has less impact on the environment. If anything, this practice can benefit rather than destroy the environment. This is because practices such as salmon farming can be conducted using practices which don’t harm the environment. That way, it becomes possible to meet the ever-growing demand for seafood, thus supplementing the fish that has been harvested in the wild. Although there are documented issues associated with fish farming such as the use of chemicals, water pollution, and threat to natural fish, farmed salmon among other kinds of fish farming is a sustainable solution to the depletion of wild fish. Offshore Expansion: One of the advantages of salmon farming is its flexible nature. To promote sustainability, salmon farming salmon can be moved from nearshore onto land. The ocean is large and there are massive opportunities for farmers to expand the practice in different locations. Farming can be done on land or taken further offshore where the impact on the environment is minimal because farming is done in an open water body where waste can be carried further beyond the sea. However, this can be capital intensive because farmers need systems that are physically stronger to manage the challenges brought about by wave action and wind. As the industry continues to expand, chances are farmed salmon will be moved out into other environments. Given the current trends in technology and innovation, it will not be surprising to see farmed salmon taking the world by storm. Where the practice is today portrays some massive steps from where the practice was some years back, a clear indication that salmon farming is bound to take the world by storm in the coming years. The Future of Farmed Salmon: When visualizing the future of fish farming, it is imperative to establish different components in connection to the practice. Some of these include its environmental impact, its effect on health, and its sustainable aspect. With regard to sustainability, as the demand for protein continues to grow, their production will continue to increase. In such a case, nutritionists will be looking at practices as salmon farming to see how they will continue to provide the much-needed protein. And despite the various challenges associated with farmed salmon, it is imperative to note that aquaculture is an efficient way of producing protein. In that regard, salmon farming leads the way when it comes to innovation in the field of aquaculture, offering a solution to the global problem of protein production. To attain the goal of sustainability, it is important for salmon farmers to continue utilizing new innovation and eco-friendly techniques which have a lesser impact on the environment. Final Word: Aquaculture has been one of the most dependable practices for providing seafood and ensuring the provision of much-demanded protein. Generally, farmed salmon is a sustainable practice and an excellent alternative to wild fish. Read Also: A Few Tips About Reef Fishing On A Fishing Charter The Fishing Industry Needs More Sustainability Awareness

Customer Service Gripes Revealed In New Survey

Are you an eCommerce business looking to address the problem of abandoned carts on your platform? Do you know how you can ensure that more people close the sales and move cart items into final purchases? Have you tried using some strategies like offering coupons and discounts to sweeten the deal? According to a new and very important study made by Feefo, it has been found that there are more than 79% of customers abandoning their carts and not closing purchases on e-commerce platforms. The question, which many eCommerce-based companies are asking is- how can I change this? In this article, we speak to leading digital marketing specialists and ask them about the various strategies, which can be used to ensure that the items are moved from the cart into the final purchase. Why Consumers leave Items in the Cart According to the Feefo Study? The survey is very important to read and understand if you want to improve the sales and revenue generation for your e-commerce business. According to Feefo, most consumers leave items in the cart because of one specific reason- High Prices! In most cases, the prices displayed on the product pages are exclusive of additional costs like taxes, shipping charges, and in some very weird cases, packaging! According to the study, it is time for eCommerce businesses to start becoming honest and transparent in showcasing prices to the consumers on the product page itself. This may remove the entire magnet strategy of- lower pricing, moving to the cart seeing the higher pricing however emotional investments and time ending up with the purchase Ecommerce businesses need to realize that digital audiences have started to move beyond just baits and value transparency on digital platforms. The study pointed out specifically to High Shipping Costs as the primary impediment to abandoned carts. Taxes too are something, which most of us take into consideration. However, additional shipping expenditures are still not acceptable to the vast majority. How the World’s Best Ecommerce Sites Handle the Abandoned Carts Issue? According to business experts at the best-performing sites, the need of the hour is to help customers at this stage with a small incentive. In other words, customers are already through 80% of the things a business needs to close a sale. At the cart stage, what you need is a small push, which can be offered by brands to the customers. Not only will this result in the final sales happening, but it will also boost the image of the brand in the eyes of the customer in a positive fashion. Some of the best businesses go for the following strategies- Using promotional codes for both new and existing customers. Taking away the Shipping Charges for customers and showing the discounted price. Creating personalized packaging and offering incentives to buy. Having multiple shipping vendors on the business and comparing prices. Rewarding the customer in other ways (social media shout outs). Why Building Positive Business Relationships matter for Ecommerce Businesses? Building a positive brand and making the customer feel special is critical for the success of your e-commerce business. This means that e-commerce businesses need to invest in their communication. In-app messages, email newsletters, WhatsApp communications, etc. are good ways to ensure that you are always having an open channel of communication. By valuing your existing customers, you will be able to win repeat purchases for your business. Your existing customers can also spread a positive word about your brand to their family and friends, leading to more sales and revenues. However, taking care of the costs is the number one thing, eCommerce businesses should look to address at all costs. If eCommerce businesses are able to bring their operational costs down, they will be able to further incentivize sales. You can view the Full Study and Report of the excellent Feefo Study below: Source: www.feefo.com

What Is Intrapreneurship? Definition, Meaning, Development, Challenges

Intrapreneurship is a trend in corporations these days. Large multinationals across the world are adopting the intrapreneurial model to ensure business development is happening seamlessly. On the one hand, it has its own perks while it’s embedded with challenges on the other. Wanna learn more about Intrapreneurship? Then scroll down and give the below sections a thorough read. What Is Intrapreneurship - Definition, And Meaning Let’s start detailing about it through a clear and compact Intrapreneurship definition. The term basically refers to the system allowing the employees of an organization to act like entrepreneurs. Intrapreneurs are proactive, self-motivated, and action-oriented people taking the initiative to pursue an innovative service or product. They agree on a common fact, and what’s that? “He knows that failure does not have a personal cost as it does for an entrepreneur since the organization absorbs losses that arise from failure.” To be very precise, intrapreneurship is just a step away from entrepreneurship. Wondering why? It’s because they can use what they have learned as part of a team to develop their own business. Types Of Intrapreneurship It was Lipptiz and Wolcott who prepared a pretty helpful taxonomy consisting of four generic intrapreneurship models. This could be differentiated into two specific dimensions. Organizational Ownership: Who has the primary authority for creating a new business within an organization. Resource Authority: A pot of money/resources/new business concepts every intrapreneur has. These two together generate 2*2 matrix including: 1. Opportunist The business has zero deliberate approaches to corporate intrapreneurship. All the external and internal networks drive resource allocation and concept selection here. 2. Enabler The organization provides senior executive focus and funding to the prospective projects. One prominent example of Enabler intrapreneurs is Google. If you want, you can learn more about it by going through a course for executive development in Singapore. 3. Advocate The advocates on the other hand strongly proselytize for corporate entrepreneurship. However, the business units in this case provide all the needed primary funding. 4. Producer Producers establish and support a full-service group. Here, there’s supposed to be a mandate for corporate entrepreneurship. How To Develop Intrapreneurs? A study from the University of Phoenix analyzed that 93% of adults think that they possess some entrepreneurial qualities. Also, more than 50% say their organizations allow them to think and act like an entrepreneur. But how do they manage to do that? Well, here are some ways to nurture the intrapreneurship mindset among the employees: 1. Empower Them Empowered employees are valuable assets of any organization. It’s because they directly affect organizational performance. So it’s necessary to drive innovative thoughts by empowering the employees for solving problems, making decisions, and changing the projects. 2. Prioritize The Employee Relationships Employee relationship is that magic wand, waving which can bring the best results to any business. Oftentimes, the best ideas spark during an enjoyable interaction or good conversation. Having positive working relationships, therefore, improves team bonding. 3. Encourage The Employees To Enlarge Their Scope Of Work Stepping outside the comfort zone at work could be one of the best strategies to make them step outside their scope of work. Working on the same tasks every day can turn them to be less productive. 4. Conduct Useful Brainstorming Strategies Hosting brainstorming sessions for addressing organizational challenges can help encourage creative thinking. So, meet with employees frequently and conduct brainstorming sessions to ensure the strategies are well aligned. 5. Emphasize Individuality The work environment is a large factor to inspire people. However, not every workplace inspires every employee. As a result, a correct evaluation of the individual choices and catering to them is crucial. Challenges Involved Running a startup within the limitations of a parent organization is quite tricky. The concept and dynamics of intrapreneurship is around for quite a long time, but certain challenges are also involved in it: 1. Leadership Conflicts With respect to intrapreneurship, there are always multiple CEOs, at least 2 - the intrapreneur, and the actual CEO. When multiple CEOs or leaders are formed, conflicts start seeping in terms of priorities and strategies. 2. Strategy Conflicts Intrapreneurs generally start out by identification of previously or new missed opportunities for the main business body. Hence, issues in strategic alignment between the organization and the entrepreneur are quite common. 3. Resource Conflicts The intrapreneurial companies often face issues regarding capitalization as they are funded from corporate cash flows. This is great; no offense, however, introduces uncertainties outside the intrapreneur’s control. Frequently Asked Questions (FAQs): 1. What Does Intrapreneurship Mean? Intrapreneurship is behaving like an entrepreneur amidst an established business entity. It’s basically creating a new venture or business within an organization. 2. What Is The Difference Between Entrepreneurship & Intrapreneurship? While an entrepreneur runs their own companies they have full freedom and responsibility for it. On the other hand, the intrapreneur is accountable for innovation within an actively running business. 3. Who Are Netpreneurs? Netpreneurs are people who deliver all the services or products over and over the digital networks. This basically means a very small start-up that’s completely internet-based without any physical office. 4. What Are The 3 Key Pillars Of Intrapreneurship? The dimensions of intrapreneurship are divided into 3 core pillars. These are as follows:1. Structure2. Management 3. Agents Finishing In This Way… That’s all we had to say about Corporate Intrapreneurship. I hope you got that it’s a little quirky concept, and not every organization around the world is capable of adopting this. The implementation is also a bit critical, but if the model remains on the right track, it will deliver good results to any business. Getting any thoughts? Let me know in the comments section below.

How can your business benefit from bespoke software development?

Control over design and functionalities :

Complete ownership :

Expansion of existing tools :

Integration :

Potential marketability :

CRMDialer: A Zoho Alternative

Tags in E-Commerce: This Is Why They Are Important

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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A Viable Alternative to Wild Fish: Can Salmon Farming Be Sustainable?

Customer Service Gripes Revealed In New Survey

What Is Intrapreneurship? Definition, Meaning, Development, Challenges

How can your business benefit from bespoke software development?

Control over design and functionalities :

Complete ownership :

Expansion of existing tools :

Integration :

Potential marketability :

Share this Article

CRMDialer: A Zoho Alternative

Tags in E-Commerce: This Is Why They Are Important

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

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