Every industry has seen some major changes over time and the one being the pure reason for the change is none other than the Software development industry. Today software development itself is a major phenomenon. As a result businesses irrespective of their industries have moved into high gear. I might find this pretty surprising if you don’t have an incredible software idea but you can’t put it into practice as you don’t have the required skills to do it? If so, it’s time to look for a custom software development company but not any random pick. Now before you make a choice, it is very crucial to figure out whether you want to pursue off-the-shelf solutions or reap the benefits of custom software development.
Knowing what you want at first means half the battle won!
Table of Content
- Either You Choose Off the Shelf Software or Bespoke Software – You Got Nothing to Lose!
- Pros of Custom Software Development
- Pros of Off the Shelf Software
- Industries Reaping the Benefits From the Software Development Space
1. Either you Choose Off the Shelf Software or Bespoke Software – You Got Nothing to Lose!
Both the concepts are of a kind! I mean custom software development is the process of designing software applications that meet the specific needs of an individual or a company. Whereas off the shelf software solution is more kind of a ready to use package. It’s more like instant noodles! Mainly created for the mass market, these software solutions are expected to respond to the needs of as many users as possible, offering many more features than bespoke software would.
An Off the shelf software or Commercial off the shelf software (COTS) are mostly meant for the in-house use. Say, for example, Microsoft Office or Adobe Photoshop. Whereas creating custom software solutions, you will receive software right based on your specific needs and requirements. Moreover, these solutions are created to help brands improve in regards to efficiency, productivity, consumer relations, and ultimately increase revenue because the elements were developed with specific objectives in mind.
- Custom software = “bespoke” or “tailor-made”
- Off the shelf software =“ready-made” or “commercial”
Have you ever wondered why these readymade solutions are called off-the-shelf? Well, the term itself has been a leftover from the times we had to go to the store to buy software, which was nicely packaged in a box, that we would pick, take to the counter, pay for and then bring home to install on our computer.
Moving on! Both the development process offer tons of benefits for the would-be user, down below I would like to mention a few of them for each. So without any further ado, let’s begin!
2. Pros of Custom Software Development
2.1 Target Solutions
Probably one of the most important reasons to invest in custom software development is to develop a product that addresses your exact needs. Of course, it is not unusual for businesses to choose an off-the-shelf software option just to realize that it is unsuitable for them.
Every business is unique and it is hard to find a one-size-fits-all solution when it comes to software. Choosing to work with tailored products not only gives space to grow, but it also means you are serious about your company’s success.
2.2 Personalized Software
Unlike custom software, ready-made software solutions may seem cheaper at first. The low business initially see is typically a recurring cost — whether that is monthly or yearly. Therefore, businesses who are searching for a long-term solution often find that they shell out far more money than they anticipated with ready-made software.
In other words, there are no surprises on the part of the software development provider. They just make the software, you own it.
On and all, custom software belongs to your company and no one else. That said, if the product is something your business will use continuously, why not invest in your own custom software?
With the growing business, your needs might also increase. Purchasing an off-the-shelf software solution will become a problem once it is not able to support your business or becomes too expensive to license.
Off-the-shelf solutions may be a better fit for small companies in their startup phase of the business cycle. When operations are not yet stable, the focus is on making the company viable.
Developing a custom software solution that is able to grow and scale your business processes is a savvy choice. You don’t want your capacity for growth to be limited by mere software. If you can afford the investment, it will be worth it.
So that’s all, these were advantages of custom software, now its time to seek for the benefits of choosing an existing software.
3. Pros of Off the Shelf Software
3.1 Initially Cheaper Option
Unlike custom software, an off the shelf product has been the cheapest way to purchase a new software solution. Wondering why? well, pre-made products are created with a clear objective; ie. for the mass market. Also, it has been developed and purchase multiple times. The cost reduces from time to time.
And since bespoke software or custom software development is built from the scratch, the cost seems pretty high to cover the time.
3.2 Very Instant
If you are in a hustle and limited in regards to budget, without a doubt choose COTS instead of custom software. Like I said before, this advantage comes from the fact that these solutions are built pretty much in advance, more or less you can call these a pre-existing product. So all you have to do is simply buy it and install it. Instead of going through all the hurdles of sorting out different custom software development companies.
In fact, the biggest wait time you will have is probably the time spent searching for the right solution that fulfils all of your requirements.
3.3 Try Before You Buy
As the name implies, a customized software probably means there is no trial. Your product will be developed right from the scratch especially for you. Again, this advantage stems from the fact that commercial software is pre-developed. This means that unlike building custom software, there is (usually) the ability to try before you buy.
Most development team offers solutions featuring some form of trial, either free or discounted, making it easy to test the product for yourself and see how it fits in with your work process.
Even after knowing all these advantages of custom software, some businesses restrict themselves from choosing customized software development services. Just because they are unsure of the fact that their industry wouldn’t be appropriate enough. So that’s the big question! Which Industries Can Benefit from Custom Software development? Time to unveil!
4. Industries Reaping the Benefits Of the Custom Software Development Space
Well, before even I get there. I would like to say that every industry could use custom software development. Sit back and think about your company for a minute, do you think your business processes could be more effective if it melded with custom software? Of course yes, recall the advantages of custom software! I mean how much amount of time and energy could be saved on those manual and monotonous tasks. Also, you shouldn’t neglect potential ROI, your one decision of choosing custom software development services can result into. Now, let us find out how are these various industries performing best practices for custom software development to achieve these goals?
Healthcare itself has been pretty much a complex and complicated industry. And therefore it becomes very crucial to have custom software or bespoke software development to streamline all the hospital-based procedures. As the matter of fact, the industry deals with an immense amount of patients data, laboratory results, and reports, Its pivotality cannot be ignored. Therefore, incorporating automation becomes extremely important.
Over the years, custom software development services have made the lives of hospitals, clinics, and healthcare providers very easygoing. Right from the concept of telemedicine to cloud-based electronic health record systems, on-premise and cloud medical solutions, ambulatory software, interoperability, these custom software development services or tailor-made software have worked wonders.
Another interesting industry vertical gaining benefits of custom software development services in the HR industry. With more and more recruitment companies relying on digital tools and all the features, they can achieve a wider reach of audience and improve communication with candidates. Automating their administrative tasks helps them to improve their hire quality and reduce the amount of time it takes to identify and hire the perfect employee. So what exactly can custom software development do?
- All resumes can be stored in the cloud build custom software
- CV’s can be filtered with a single click to easily match perfect candidates to job positions
- Communication becomes easy with all the candidates
- Speeds up the hiring process and provides continuous support
- Data can be analyzed easily
4.3 Real Estate
Last but not least, real estate companies are found leveraging custom software to keep their tenants happy. Right from building a house to completing a sale or managing a property, each process needs custom software to be streamlined. Real estate companies need solutions that will not only account for all of these moving pieces but will also simplify internal processes and make the clients’ experience as easy as possible.
So that’s it! These are few common yet crucial examples that always work. Other industries making the most of custom software development services include entertainment, fintech, eCommerce, retail, and more. Looking for your custom software? TatvaSoft is a reliable name to consider to streamline your businesses in the best possible manner.