Organizations are frantically increasing efforts to modernize internal systems to take advantage of cloud-native capabilities and AI. Specifically, the arrival of GenAI has increased the pace of modernization as it helps to overcome data-related limitations associated with AI projects while opening up new possibilities.
As modernization efforts accelerate—driven by the quest to gain cost and operational efficiencies; design better customer and employee experiences and find new revenue streams—software spending on automating, digitalization and designing new applications is on the rise with organizations pouring billions of dollars into software development and customization.
Globally, organizations are already inventing significantly in software product development. According to McKinsey Research, 31% of corporate IT budgets are allocated to software and 32% of overall product development is directed towards software engineering.
Despite software being a mature segment, IT spending on software is slated to increase in 2025 to 14% at USD 1.23 trillion up from 11% growth in 2024. A large part of this growth in software development will be driven by GenAI related initiatives, says Gartner.
Yet software development is challenged with a shortage of manpower—by 2025, there will be a shortage of four million developers globally, according to industry estimates, even as the US Bureau of Statistics pegs the demand for software developers and quality assurance analysts at 25% between 2025 and 2032.
Best-in-class organizations are partnering with specialist providers to develop a software product. Buoyed, by this demand for custom software development, global software product development services are expected to grow at 10% until 2032.
As a leading provider of software product development, NewVision has worked with large global customers in different verticals and have the expertise and experience in developing complex software. We have been helping companies to develop software to automate the present, modernize for the future, and engineer the next, with new applications and software to software applications to provide seamless digital experiences.
From designing and building innovative customer experiences with intuitive interfaces to building software applications for back-end integrations that connect complex systems to automate functions and deliver new experiences, NewVision has done it all. Based on our experience here is a brief guide on how to create a software application and the best practices involved in creating application software.
To develop software, the first step in any organization is to decide on the purpose of the software development need. This may include one of the following objectives.
- Growth wherein CEOs, CMOs or CPOs may be exploring opportunities with innovative products, or develop a software to solve an old problem. Organizations may explore a platform-based approach to expedite develop and may require a software application that equips to leverage data-based insights to informed decision making.
- Software development projects may also be pursued with a goal to embed scalability in operations as business expands and grows and businesses need the agility to remain responsive to market conditions. Software developing may take the form of application re-engineering, software development to support data engineering and creating software application to implement scalable quality assurance services.
- Optimizing operations and employee productivity is an ongoing effort and COOs and CIOs are investing significantly in software development in pursuit of these goals. This is being achieved via intelligent automation, bringing in continuous integration and continuous development efforts, and putting in place robust digital infrastructure and managed services. All of these efforts are underpinned by software development.
At NewVision, the process of building a software comprises the following three steps.
- Strategy and Planning: During this stage, it is important to focus on defining the vision, goals, and roadmap for a product. This requires understanding customer needs to define product features, prioritize development efforts, and align the product with business objectives and market demands. At the same time, planning must take into account technical aspects of software development such as, choice of technologies, architecture design, development methodologies, scalability, security, and infrastructure requirements. It must ensure that the product is built on a solid technical foundation to support required functionality, performance, and future growth.
- Discovery: This stage is really important when building software to ensure that the product fits in with the goals and objectives of the organization. Therefore, a detailed exercise must be conducted to identify the problem and it must be backed by data-based insights. The objective may range from a desire to enhance customer experience to enhancing operational excellence with the help of a solid software to software application that provides insights across all applications.
Based on analysis the process of developing software then makes a prototype by creating a preliminary version or model of the product to test and validate design concepts, functionalities, and user interactions. Prototypes can range from wireframes to high-fidelity interactive models that allow teams to visualize ideas and make informed decisions before making a full-scale development. Testing usability and gathering feedback plays a key part to ensure product viability.
This exercise also helps to introduce specification authoring which is a detailed documentation of requirements and specifications for the product and becomes a reference for developers, designers, and stakeholders to ensure that everyone is on the same page while creating application software.
- Development: Finally, the development stage is where the software development team begins to design the product using a design-thinking approach. Development and quality assurance go hand-in-hand which is a continuous process to ensure high out code and outcome. Development and team teams work in close collaboration in an iterative manner supported by embedded pipelines that continuously carry codes to be tested, improved and released with minimum disruption.
How to Create Application Software
There are many approaches to develop a software. NewVision approach differentiates in several areas, one of which is the emphasizes on product identification by interviewing stakeholders and then build a business model canvas based on these interactions.
Software developing process is a nuanced approach. Product identification must be further refined with design thinking approach that leverages user research and persona development and brings it to life via by developing a concept. Such an approach embeds resilience into the process of building a software and equips the organization to create disruptive impact with the software product.
Working with best-in-class organizations, NewVision employes platform engineering to accelerate customer transformation with cloud-native enterprise applications and web and mobile applications. Often software developing is driven by the organization’s imperative for product re-engineering, technology stack upgradation and need to optimize applications for performance and scalability.
When creating application software, keeping these needs in mind NewVision provides API integrations for software to software applications in the cloud and for IOT applications.
If you want to know more about how to create application software or specifics about how to create an application, reach out to us at contact@newvision-software.com
