What Is An Open-Source Hardening Project?

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With the evolution and increasing integration of digital technology, the use of open-source technology has also increased exponentially. Open-source software is defined as any computer software that allows and enables users as well as the general public to utilize, modify and redistribute its source code freely. A recent study conducted by Red Hat concluded that 75% of IT leaders felt that enterprise open-source software was extremely important.

Although many users may question the reliability of open-source software, the open-source industry has and will continue to prioritize the security and reliability of open-source technology.

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How Software Sourcing Is Evolving In 2022

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With changes and evolution in digital technology and solutions, many businesses may find themselves having to source and procure different types of software at regular time intervals. However, these rapid changes in various business processes may result in confusion for businesses in terms of how and where to source and procure enterprise software.

Furthermore, as supply chain processes become increasingly complex and more interconnected than ever before, it is crucial for businesses to stay informed of the latest trends and developments for software sourcing over the next year.

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How To Set Up E-Commerce Adapted To My Business

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As digital technology continues to evolve at an exponential rate, both traditional retail organizations, as well as modern enterprises are beginning to shift towards e-commerce.

E-commerce is defined as any business or commercial transaction that is administered through the internet or o through online communication channels. Studies indicate that 95% of all purchases made will be through e-commerce by 2040.

As more and more businesses continue to increasingly implement e-commerce into their product distribution strategies, it is extremely crucial for businesses to understand how to adapt their business to e-commerce.  

How To Adapt Your Business To E-Commerce

1) Blueprint Customer Experiences

When introducing an e-commerce oriented business strategy, it is essential to ensure that customers have adequate communication channels with your organization. By designing and developing customer journeys and experiences, your business will be able to minimize potential areas of disagreement and grievances through the shift to e-commerce strategies.

73% of customers stated that customer experiences help influence and drive their purchase decisions. Therefore, it is crucial to ensure that prospective consumers have access to efficient search and navigation, customer service representatives, and order management facilities. This will not only help significantly increase customer satisfaction but will also help increase your business’s long-term profitability.

 

2) Leverage Metrics To Refine Organizational Objectives

Once your organization begins to shift towards utilizing of e-commerce strategies for business development, it is imperative to ensure that relevant and accurate metrics are being collected.

These metrics will not only help you closely refine existing operational processes but also develop future e-commerce strategies. Performance metrics can help your business improve customer experiences, improve existing processes, closely monitor the utilization of scarce organizational resources, and much more.

Planet Crust’s solutions are equipped with powerful and advanced data reporting tools that can help your business closely monitor performance metrics to ensure that organizational goals and objectives are being achieved.

 

3) Reevaluate Long-Term Strategies

E-commerce business strategies differ greatly from traditional operational processes. Therefore, your business must closely examine and reevaluate existing long-term strategies and reconstruct future growth strategies.

Therefore, when shifting towards a focused e-commerce approach, you must ensure that employees are aware of shifting priorities, continuously optimize customer experiences, establish a comprehensive plan to achieve shifting organizational goals and objectives, and understand and adapt to changing industry trends.

Planet Crust – Build Your E-Commerce Platform

Planet Crust’s open-source, low-code software is the perfect tool to help your business build an e-commerce platform that can help you blueprint customer experiences, utilize metrics to develop and refine organizational goals and objectives, reevaluate long-term strategies and undergo methodical implementation.

Planet Crust’s solutions are equipped with data-rich dashboards that can provide a 360-degree overview of organizational information, visual workflow builders, drag-and-drop editors, advanced data reporting tools, instant deployment features, cloud-ready architecture, flexible data modeling, responsive web interfaces, and much more. Try a demo so that your business can build its own secure and efficient e-commerce platform.

What Is The Difference Between ISV and COTS?

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As digital technology continues to evolve, cloud-based technology and computing processes are being increasingly integrated into modern day-to-day business processes. Studies have shown that 50% of enterprises spend more than $1.2 million on cloud-based services annually.

An Independent Software Vendor (ISV) is defined as a software publisher that generates, develops, and distributes commercial software through licensing agreements. These commercial agreements may either be one-time licenses or time-interval-based subscription plans. ISV companies retain all ownership and intellectual property rights.

Commercial-Off-The-Shelf (COTS) software is defined as commercially available packages software that is ready-made and instantly available for the use of the general public and other interested parties. COTS software is commercially produced and distributed to users and does not require any modification.

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What Are The Most Adaptive Tools For ISV

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An ISV company is defined as any software developer or organization that creates, refines, and sells software that runs on a minimum of one hardware or operating system to other organizations or individuals. ISV companies distribute software to end-users using commercial agreements while still retaining all intellectual property and ownership rights.

ISV companies create and distribute software, integrate software from other digital solution providers, distribute software through cloud-based distribution channels and satisfy specific niche industry software requirements. The global ISV industry is expected to reach a market value of approximately $408.15 million by 2026, with a Compound Annual Growth Rate (CAGR) of 10.5%.

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How To Solve Complex Software And Business Issues

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As the organizational workload of modern businesses continue to grow exponentially, the number of software and business problems that they must identify and eradicate daily is also increasing. Whether it is a technical issue or a managerial issue, problem-solving is an extremely important business function that all organizations should prioritize.

According to Mckinsey, only one-third of businesses are prepared to address potential organizational disruptions. Therefore, software development platforms can help your business tackle short-term and long-term potential software and business.

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What Are Innovative Solutions For ISV In 2022?

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As digital technology continues to evolve, the integration of innovative solutions into modern business functions is increasing exponentially. Furthermore, as newer technology continues to be made available, modern organizations are expected to keep track of and incorporate contemporary technology and trends into various business processes.

According to Gartner, 2022 projects the highest growth rate for IT budgets over the past decade, with a 3.6% increase over the previous year. This indicates a heightened reliance, dependence, and adoption of innovative technological solutions over the next year. Therefore, modern enterprises must be aware of the latest trends for innovative ISV solutions to facilitate long-term growth.

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What is the difference between SAAS and ISV?

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SaaS (Software as a Service) and ISV (Independent Software Vendor) are both services that enable users to access certain software. However, they are fundamentally different in their function.

An ISV is an organization that creates, publishes, and sells software. They usually use the cloud as a means of delivering this software to the users hence using the SaaS method.

SaaS is the method through which vendors share their products with the market. It is one of the most popular services in the world right now. According to BMC, 99% of the organizations will be using at least one SaaS solution by the end of 2021.

SaaS allows users to access the software via the internet as a service by using a subscription model. It eliminates the need to install and maintain software locally hence liberating the users from managing complex hardware and software.

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What Is The Advantage Of Cloud-Running Software?

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Cloud computing is a technology through which users can access computing resources, including applications, databases, servers, networking channels, and more via the internet. A cloud-running software allows you to use its tools and services online.

It retains all your data on servers owned by internet companies rather than your own device. It hence allows you to access that data from any other internet-enabled device in the world.

While cloud computing has been a part of the digital landscape for over twenty years, its popularity has increased exponentially in the past few years. In 2020, the total cloud market was worth over 371 billion US Dollars with a CAGR of 17.5%. According to Cisco, over 94% of all workloads in 2021 will be processed by cloud data centers.

The surge in demand for cloud services can be attributed to the number of benefits cloud technology provides its users. From universal accessibility to data protection, the most salient advantages of cloud-based software are listed below.

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Who are the Biggest ISVs?

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An Independent Software Vendor (ISV) is defined as any software publisher or enterprise that specializes in the creation and distribution of enterprise software that runs on at least one hardware or operating system.

This enterprise software is usually sold to organizations or individual end-users through commercial license agreements. Recent studies indicate that the ISV industry is expected to reach a market value of approximately $408.15 million by 2026.

As our current business landscape evolves, the utilization and implementation of digital software in modern organizations are increasing exponentially. Therefore, ISV companies are more relevant now than ever before.

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