Enterprise Application Development – A Guide to Accelerate Your Business

The technology-driven era is successfully taking over every aspect of the day-to-day activities of a person. Be it making hassle-free payments of your choice to making everything available under one single platform, technology, and the IT industry has served well to all the needs of every person.

Technology is now not only a customer-centric industry enabling them to do things of their choice as per their needs and demands but has also helped businesses to grow exponentially.

When talking about the integration of technology into business, one thing that comes to the mind of every reader is an app or software along with the operational activities like the services that a business provides, sales and inventory management, finance, and human resources.

And what happens when all these activities come together in a single platform? Or, A One-stop solution that caters to all the business needs?

The answer is Enterprise Application Development.

Yes, you read it right!

Enterprise applications are a one-stop solution that caters to all the core activities of a business starting from Finance to HR, and other important functionalities that are needed to make a business successful and fully operational online.

So, further, in this article, we will learn more about Enterprise application development, along with its benefits, and the features and other things to consider while developing enterprise software that will surely help you accelerate your business.

So, starting with the first and foremost question, What is an Enterprise Application?

What is an Enterprise Application

In simple words, it is an application tailored to cater to the needs of an organization that helps in streamlining the operational activities of a business and simplifies its workflow. 

The primary goal of developing an enterprise application is to alleviate common pain points and help in automating and enhancing the core functions of a business like database management, staff management, customer relationship management, supply chain management, and other essential management activities with agility, speed, and scalability. From manufacturing and finance companies to an SEO agency and service based business, everyone can benefit with a feature rich enterprise application. 

Also note that there are different types of enterprise applications available in the market, some of them are –

• Business Intelligence (BI)
• Business Process Management (BPM)
• Content Management System (CMS)
• Customer Relationship Management (CRM)
• Database Management System (DBMS)
• Enterprise Resource Planning (ERP)
• Financial Management Module
• Human Resource Management (HRM)
• Low-code Development Platform (LCDP)
• Product Data Management (PDM)
• Product Information Management (PIM)
• Supply Chain Management (SCM), and more.

Also note that developing a fast, secure, and scalable enterprise application can be thoroughly achieved by the adoption of cloud technologies since it aims to improve the productivity and efficiency of a business along with continuous support.

Hubspot is an example of an enterprise application that falls under the Customer Relationship Management (CRM) category. Its features include Lead tracking and conversions, Analytical insights, Website integration, Nurturing clients, and several other features which make it highly preferred by businesses.

Now that you have clarity on what an enterprise application is, the next things that you’ll want to know are the advantages or the benefits of the same.

So moving ahead, we will be listing out some of the important benefits of enterprise application development.

What are the benefits of Enterprise App Development?

Technology has catered to innumerable applications with benefits for everyone, be it the business, the customers, or the other users.

Similarly, developing an enterprise application also has several benefits. They are –

1. Developing enterprise software helps in the simplification of a business and streamlines operational activities by automating the workflow and increasing productivity.
2. It helps in tracking and monitoring your business, which in turn helps in creating better business plans for the future with efficiency.
3. It helps in managing the data in a better way and also helps in collaboration by providing a finer communication medium for the team members.
4. Additionally, it also helps in recording all the ongoing and past activities of the business, which leads to reducing the threat of data loss along with the integration of cloud technologies.
5. It simplifies the business process and helps in better business control along with reduced costs and maintenance.
6. It also reduces manual labor and helps in making your business more efficient with less or no paperwork, making your business operations more flexible and accessible for the users.
7. It also enables you to send customized notifications, makes your business accessible anytime and anywhere, and also enables an instant messaging feature that acts as a bridge between the customer and the business, which helps in making way for more business opportunities.

The aforementioned were some of the important benefits of enterprise app development, and the benefits are not limited; there are many more of them, which will be accessible once the application is developed and launched in the market.

But also do not forget to take notes on the challenges as well that you might come across during the development process. But do not worry, they can be eradicated with continuous research and strategic planning of every aspect of the application, to make it future-proof.

Essential Features to Integrate into the Enterprise Software

Features are an important part of an application, and it highly aids to create a unique brand identity and stand out in the market.

Some of the features that you can consider integrating with the enterprise application development are –

• Integrating AI into your application can turn out to be a superb end-product for the business as well as for the users. It will not only automate the process but will also help you make faster calculations, will make the decision-making process easier, and will also help to leverage the app’s performance.
• Plan an effective strategy for managing the data so that you can gain valuable insights derived from the data which will further help you in conducting smooth business.
• Now, taking a step up with the current trends in the market, you can also consider integrating IoT (Internet of Things) into your software, which will help you reach and draw more potential customers online along with security.
• Think about integrating detailed documentation to educate the users about the software, which will make it easier for the users to do their jobs hassle-free and will also make the troubleshooting process easier.
• An application highly relies on data and should be protected to ensure customer safety and privacy so integrate high-end security by using secure data centers, strong password policies, multiple factor authentication, secure firewalls, and disaster recovery options as well.
• As new things come up they tend to replace the old ones, so try to integrate technologies and practices like DevOps. It will not only support disruptive innovations but will also help you stay ahead in the market always and beat your competitors, without having to fear being left behind.
• Nowadays blockchain is the latest buzzword for being a decentralized platform along with providing the ease of transparent transactions. You can develop your software using blockchain to keep track of physical and digital assets, for quicker transactions, and several other reasons.
• AR (Augmented Reality) has been slowly growing in popularity and for being an effective tool, which helps in creating personalized content that helps in drawing more potential leads, increasing user engagement, and for appealing user experience.
• Also, while developing the software make sure that you do not compromise the quality, speed, security, and performance of the application because these are some of the important factors that highly influence the user experience.

Now that you have an idea of what else you can integrate into your software besides the basic features, you might be thinking about the cost of developing the application, right?

Enterprise Application Development 

The answer is the cost varies according to several factors and may range somewhere between $35,000 – $300,000. The factors that affect the cost of development are the back-end infrastructure, development timescale, number of features and complexity of the app, UI and design, programming language and framework, location of the development team and their hourly charges, third-party software implementation, security, and several other business requirements.

Summing Up

Enterprise application development has taken over the market successfully and has helped businesses grow exponentially. These apps have not just catered to be a reliable source of ROI but have also helped them boost their sales and enhance user feedback.

When choosing the technology stack, make sure that you choose the right framework or programming language so that you can develop full-proof and high-end applications for your business.So, if you have an idea of developing software for your business and something that administers all your business requirements you can consider developing an enterprise application. The only thing you need is the idea and then hire a web3 developer or hire a development company, share your requirements with them and develop a high-performing, error-free application to streamline all your business operations.