It’s hard to believe we’ve already reached the end of the first quarter of 2015. The many lists of trends and priorities for the New Year have slowed and CIOs are now hard at work trying to meet the ambitious goals they set for their teams in January. Whatever your organization’s goals may be, it’s likely to require the development of software applications and a recent McKinsey piece warns organizations to prioritize this important task.
The importance of productivity
A recent McKinsey study showed that when they looked at 1,300 companies of varying sizes and across all regions of the world, the top-quartile companies developed software upward of three times more productively than companies in the bottom quartile. (source) So what type of environment do you need to develop more productively? In an earlier post, we talked about some alternative approaches to application development and how application platforms that offer no- or low-code approaches to software development are providing value and being recognized by industry analysts like Gartner. When it comes to productivity, application platforms can result in 3-4x the productivity when compared to in-house coding or software development tools and drive significant results.
Productivity drives INNOVATION
Software development productivity can mean a 70% shorter time to market for new applications – a key driver of innovation – and an application platform can help you meet this metric. For example, using a graphical platform that removes the need to code from scratch means teams can shorten the build cycle with drag and drop visual tools that automatically create executable code in the background.
Whereas this approach may seem new to many, the benefits of high-productivity application platforms are making it a much more common way of implementing software. (Most) application platforms bring together front-end and back-end developers, enabling application development to work in smaller teams. They remove the need to know specific coding languages and allows teams with different programming backgrounds to come together and collaborate on a project. Finally, as feedback from internal or external stakeholders comes back, it’s much easier to make changes, increasing the speed with which you can improve your applications.
Productivity drives QUALITY
Application quality suffers when teams need to test individual tools as well as the integrations between the tools. Using a solution built on a single code set reduces the time spent working through these complex integrations and results in applications with fewer bugs. It also means that when problems occur, there is just one place to look and with a graphical debugging tool, teams can more easily track back to data sources and set break points to limit searching to specific application areas. And application quality has a huge impact on success – those same top top-quartile companies from the McKinsey survey – they had 80% fewer residual design defects in their software output. (source)
Productivity drives COST SAVINGS
With many organizations spending around 50% of their IT budgets on application development, CIOs are always looking for ways to speed execution and lower costs. With application platforms, significant cost reductions come from the time-savings provided by reusing logic patterns which reduces the need for large teams of developers. Application platforms can also maximize your existing infrastructure as they are able to bring in data from legacy or disparate source systems and feed multiple tools or data warehouses. This prevents the need to rip and replace and ensures you get maximum value out of your current systems.
Where does your organization fall?
When evaluating your software development environment, can you?
- Shortcut the need to write 100s or 1000s lines of code with reusable, visual design & logic patterns?
- Make changes faster, speeding your response time to market feedback?
- Logically and visually track bugs back to data sources, data enrichment points and calculations as well as set break points to save time?
- Eliminated the need for multiple coding skill sets and instead have your whole team working to solve an issue?
- Access data from legacy and new big data sources and feed business intelligence and reporting tools?
Getting it right is critical
As software-enabled customer interactions become the rule, revenues from digitized products and channels are expected to exceed 40 percent in industries such as insurance, retailing, and logistics. (source)
That’s a lot of revenue relying on the strength and speed of your team’s software application development.
The Aptitude platform can help CIOs meet the goals they set for themselves in January. Given the importance of software development on innovation, quality and cost control, CIO’s need a proven platform for enterprise application development. The Aptitude platform helps develop a completed solution in less than a third of the time when compared to a typical coding environment and is designed to maximize existing skillsets.
Contact us to hear more about how CIOs have used the Aptitude platform to deliver everything from royalty calculation platform to a rules-based pricing engine and everything in between.