For some companies, digital transformation looks like opening an online shop for tailor-made wedding dresses. Others might want to adopt a SaaS model. There are as many definitions as there are companies. For us, digital transformation meant struggling with one of the most old-school industries in the world.
Low-code development has recently exploded as one of the biggest trends in software development. It can skyrocket engineer productivity, cut time to market, and decrease project costs. Gartner predicts that by 2024, 65% of all software development will be low-code. Yet, the tech isn’t without its challenges.
The SaaS market is one of the fastest-growing niches in the IT business. Researchers predict that it will grow from $143.77B in 2021 to more than 720B in 2028. No wonder companies of all sizes race to get a piece of this tasty SaaS pie.
Cloud costs can be unpredictable, volatile, and hard to understand. Engineers at Adobe have once burned through $80,000 of cash in a single day on Microsoft Azure. Five years ago, another SaaS company was overpaying AWS “just” $14,000 a month. Intervention from our DevOps team saved them over $840,000!
Did you know that the Software-as-a-Service (SaaS) industry is now worth more than $144B? It grows like bamboo too, at over 25% a year. It’s no wonder that many young unicorns choose to graze on this green SaaS pasture. So, what do you need to join the race?
SaaS is booming. GlobeNewswire predicts that the global SaaS market will grow to $720 billion in 2028. This represents a 25.89% CAGR – one of the highest in the IT industry. Such a lucrative opportunity would be pretty much impossible without the amazing tech that powers modern SaaS apps.
Software as a Service, or SaaS, is one of the fastest growing markets: the predicted growth for the global SaaS market is from $240.61 billion in 2022 to $374.48 billion in 2026. The wide range of business tasks covered by SaaS solutions makes SaaS a promising and competitive market.
There is a surprising statistic: in 2020, the poor quality of software products cost companies more than $2 trillion in the US alone. The COVID-19 pandemic also played its part; in response to the pandemic challenges, enterprises struggled to offer value at the necessary pace without jeopardizing the quality of their software products.
Project management is easy. Like riding a bike. Except it’s on fire, and everything’s on fire, and you know how the saying goes. You have shrinking budgets, tight schedules, and dozens of angry stakeholders. No wonder only 31% of software projects become a complete success according to Standish Group.
Modern software development can be labeled anything, but definitely not a cakewalk. To ensure effective collaboration of all participants and build advanced solutions, companies apply various software development approaches, and one of them is Lean. It was developed as an effective anti-crisis solution, and it’s not surprising that it is in high demand now.
Most Agile best practices work for small close-knit teams. When everyone sits in the same office, you can easily ask teammates a question, discuss personal matters over a water cooler, go out together for an informal dinner, or throw a little birthday party for your QA engineer.
The COVID-19 pandemic accelerated digital transformation in dozens of industries. Most business leaders now realize the importance of technology. Yet, few understand the steps they need to take to complete this journey. So it makes sense to study the success of your competitors to find inspiration and direction for your business.