SaaS product development is an evolving art. It needs continuous learning, upgradation and application for building a market differentiated and enjoyable product for customers. The SaaS product itself is the biggest driver for its customer acquisition, retention and expansion. 80% of businesses already use at least one SaaS application. Read More “10 Best Practices for SaaS Product Development”
There has been a proliferation of IT applications and software for organisations since Covid-19. New software products are being conceived for businesses, governance and day to day lives of people around the world. Automation & software intelligence is being used for taking on administrative tasks, reducing manpower dependence and aid productivity for organisations. Read More “The Key Skills for a Software Product Manager to Succeed”
According to the National Cyber Security Alliance, 60% of SMEs & SMBs that are hacked go out of business within 6 months. Running a business is a risky proposition. Developing and maintaining a successful business in the technology driven age can be quite difficult. When it comes to security, a data breach can quickly escalate into a devastating event that has the ability to completely ruin a brand.
IBM reported that the average total cost of a breach ranges from $2.2 million to $6.9 million, depending on the number of compromised records. The average loss rises to $6.9 million when the number of compromised records are 50,000. It is $2.2 million for less than 10,000 records.
Software development is driving the world with everything from mobile to aircrafts depending on it. Whether it is mission critical applications or popular games on your mobile devices, software programming plays a part in it.
The evolution of programming languages is quite fascinating and dates back to 1940s and 50s. The first high level programming language was Plankalkül developed by Konrad Zuse between 1942 and 1945. It was the first language designed for engineering purposes.
The first commercial available language was FORTRAN developed in 1956 at IBM.
The shared economy has taken the world by storm. Ever since the launch of ridesharing apps, room sharing portals, peer to peer lending platforms, the shared economy revolution keeps growing. We are witnessing an enormous demand for establishing and managing marketplaces. Here we explore how to build an online marketplace to create a value proposition for end users by mapping supply & demand.
An online marketplace could be an ecommerce portal where multiple vendors can sell or rent their goods or services to customers. Some very common examples of online marketplace are Amazon, Alibaba, Airbnb, Uber, and eBay. These online stores are considered to be online marketplaces because there are many suppliers who can sell their products or services to the customers who demand them.
So, you have an amazing idea? And you want to build a great business around it. The first thing you can do is talk to your potential customers and see if they really need your MVP. Design thinking encourages you to define the problem precisely & seek inputs from the customers early on.
The best way to know if you are really solving an important problem is by talking to your potential customers. Once your core product idea is validated, you can then get started with your MVP development process. An effective minimum viable product software delivers customer value.