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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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How To Make My Company’s Departments Collaborate Better?

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One of the most important aspects of any successful organization is fostering open cross-departmental collaboration. Organizational collaboration can help facilitate better decision-making processes, open new communication channels, improve job satisfaction, increase employee retention rates, increase efficiency and productivity.

Studies have shown that extremely well-connected organizational teams demonstrate a 21% increase in profitability. Therefore, it is crucial for organizations to understand how they can increase overall cross-departmental collaboration and help individual departments collaborate more efficiently.

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What Can I Learn From My Business Data?

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Data is one of the most important aspects of any successful business. As the value of data continues to increase and is further commoditized, modern businesses must recognize the value of data collection and data analysis to correctly identify valuable insights.

Data insights have numerous advantages and can help facilitate more informed decision-making processes, need anticipation, predictive modeling, risk management, and much more.

Studies indicate that the average ROI for organizations that utilize business intelligence and analytics is approximately 1300%. However, as the amount of data that businesses are expected to collect, track and analyze increases exponentially, you must understand how to identify and derive business insights from organizational data.

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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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Is a Spreadsheet The Best Tool To Organize Work?

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As our modern business landscape continues to shift, today’s organizations have more responsibilities and day-to-day tasks than ever before. Therefore, organized documentation and effective task management are extremely vital aspects of operating any successful organization.

However, this can be time-consuming, impractical and can ultimately lead to potentially disastrous human errors if performed manually. According to The Wall Street Journal, executive-level employees in the United States spent approximately six weeks per year retrieving misplaced information.

Therefore, it is very useful for modern businesses to take advantage of the various advantages of digital spreadsheets to organize personal and organizational data.

Your business can utilize spreadsheets to highlight important data, utilize pre-made documentation templates, sort data according to specific factors, use multiple different spreadsheets in the same file and use automatic mathematical functions to avoid the possibility of human error.

Planet Crust’s CRM Suite can help users automate workflow processes, build cloud-based centralized calendars, create customizable enterprise software, and much more.

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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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What Tools Are In Case Management?

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Case management is a collaborative process of collecting, monitoring, and analyzing data, services, and organizational resources related to a particular case. Case management software is defined as a digital platform that enables users to automatically compile and track case-related data and analyze information to make it significantly easier to manage cases.

Case management software has a wide variety of advantages that organizations can take advantage of such as reduced rates of human error, case data security, increased organizational productivity, centralized data storage, and much more.

Recent studies indicate that the global case management software industry is expected to reach a market value of approximately $7587.54 million by 2025, with a Compound Annual Growth Rate (C.A.G.R.) of 12.2%.

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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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What Is The Benefit Of Automating Your Supply Chain?

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As our business landscape continues to develop with the evolution of digital technology, many businesses are taking advantage of the power of supply chain automation.

Supply chain automation is defined as the use of digital technology and infrastructure to automate and streamline supply chain-related processes by increasing task efficiency, improving communication, and automating repetitive business processes. 79% of companies with high-performing supply chains achieve revenue growth greater than that of their average counterparts within their industries.

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