Five Steps To Thinking Like A Software Company

  • 📰 Forbes
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Here are five steps to thinking like a software company:

2. Implement a modular architecture

Leading companies feature software stacks that are modular, facilitating rapid innovation. Their developers frequently build in-house software products or platforms by leveraging free, but valuable, open-source software, as well as licensed components for routine functionality. This allows them to create applications faster. One executive stressed the importance of designing components with change in mind, because reconfiguring is always better than rewriting code.

Executives recognized that the system would make mistakes and they would have to reimburse customers when things went wrong. However, they were willing to take the risk because the savings in license fees gave them a margin for error. In time, they iterated and continually enhanced the system, ultimately getting them to a solution that was distinctive.

In a digital world, distinctiveness often results from codifying unique knowhow, something a firm knows how to do better than its competitors, in software and applying it at scale. Fundamentally, it’s about continually offering a superior value proposition and doing so more productively than before. It’s particularly important to keep in mind that as digital technologies keep evolving, the ability to continue to enhance your products, services, and operations is unending. And as Box’s Levie points out, the journey is never done.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States United States Latest News, United States United States Headlines