Introduction In this era of technological advancements, the mobile app economy is burgeoning. According to a report by eMarketer, nearly ...
Whenever we hear about enterprise apps, we are quickly drawn towards the plethora of benefits these apps have for the customers. Isn’t it? But not only for the customers, have enterprise mobile apps catered to your business needs as well.
The main aim of every business, irrespective of the industry, is to increase their efficiency and revenue generation levels while converting the raw information into meaningful processes. These days enterprise apps are being devised as the perfect solution to accomplish all the tasks- from distribution to CRM and everything in between.
Seeing the current situation, it is ideal to predict that if businesses are not investing in enterprise apps, they are bound to miss some of the greatest opportunities.
Why Enterprise apps gain so much importance?
It has been predicted that the enterprise application development spending worldwide would reach a whopping mark of $429 billion by the end of the year 2021, which represents a 7.2 percent growth from last year. The enterprise app development market has seen tremendous growth, nearly doubling the revenue generation rates between the years 2008 and 2020.
Here are some of the key aspects businesses should keep in mind while investing in enterprise app development:
[Source: Enterprise Irregulars]
1. Increased employee productivity
Enterprise mobile applications allow businesses as well as employees to upload all the necessary information on the go, which helps save data and time. The saved data can be accessed in real-time, improving the productivity of the employees.
2. Better connectivity between in-house teams
Having proper internal and external team communication is an important factor to have efficient team management. Enterprise apps promote easy data sharing which leads to better connectivity within teams.
3. Higher ROI
The app development process is a capital-intensive process and enterprises invest their time as well as money to develop an app that provides a smooth UI. The enterprise apps require less development and maintenance costs, which make them a perfect fit for boosting ROI for your business.
4. Efficient task management
The information that is available readily paves the way for easy management and task assignment. Moreover, with options such as keeping track of the employees, meetings, and business operations, enterprise apps help in administrative purposes as well.
5. Better consumer experience
An amalgamation of all the above said features in conjugation with the key features such as security, data encryption, and interoperability makes it possible for businesses to achieve the best customer experience.
6. Improved business productivity
An enterprise app can send notifications about any important event and reminders for important organization's announcements, or meetings. Such an app can be used for internal business communication and can boost a healthy business environment for your enterprise.
Some successful Enterprise App use-cases
One recent study depicts that nearly 80 percent of enterprise apps are abandoned after deployment. Isn't this shocking? Certainly, it is. It is easier to find ways to fail at enterprise app development, but it takes a lot of effort to build an app that makes it to the top apps.
Here are a few successful enterprise apps for your reference:
Trello is a web-based application that is used for organizing tasks for an individual as well as for a team. You can easily create lists and flag the tasks in different colors. Trello helps you to easily prioritize your tasks and create customized activity boards for your teams.
During times of pandemic, most of us would have used this app at least once. Zoom is one of the most preferred applications when it comes to meetings, webinars, etc., and is used by individuals and businesses across the globe.
3. Survey Monkey
As the name suggests, Survey Monkey is used by businesses to simplify their research. Many Fortune 500 companies use and trust their information while making important decisions. Survey Monkey is considered the best tool for research and report creation in the market.
The workflow app allows its user to drop multiple apps in the order of their usage. This app is devised only for iOS users and is available for free on the app store. This app reduces the headache of organizing and prioritizing the work for working professionals.
Follow the latest trends to stay in-game
With an increase in the number of devices being used at workplaces, the productivity of the enterprise has increased by almost 34 percent. Moreover, 53 percent of the employees believe that with enterprise apps they are much more engaged at their workplace.
The growth of enterprise apps is quite evident now. In no time, all the MNCs would incorporate enterprise apps in their organizational culture for a seamless workflow.
Some of the latest trends in enterprise apps for enterprise app developers to look for:
1. AI for business analytics
Data analytics is the use of various techniques to find meaningful patterns in the data. AI algorithms these days help enterprises generate massive amounts of data from different sources and use this data to build assumptions, test them and learn from them. Artificial Intelligence can help pinpoint the success or failure without any human intervention.
According to research by PwC, about 20% of US business executives that were surveyed are planning to implement enterprise-AI this year. All in all, AI is increasingly being used across all the major industries. If you have not yet started leveraging the power of AI, it’s high time to invest in this ground-breaking technology.
2. Cloud management solutions
According to research by Gartner, about 90 percent of IT enterprises are expected to adopt hybrid infrastructure by 2020. Most of these industries have already chosen a hybrid path for their cloud migration. The multi-cloud hybrid cloud environment helps enterprises to synchronize their operations across cloud infrastructure.
In the upcoming years, cloud computing may overtake IT spending, workload optimization, and cloud-based apps all over the marketplace.
3. Blockchain as an enterprise tool
Blockchain’s potential is still being unleashed for more complex projects that go beyond cryptocurrencies.
In Deloitte's 2018 Global Blockchain survey, 21 percent of the global respondents have struggled to justify the implementation of blockchain within their organization due to a lack of compelling, real-world use-cases. Apart from this, 39 percent of them are planning to invest $5 million or more in Blockchain technology by the end of 2020.
We hope that the above reasons are enough to convince you to get into enterprise app development for your business. Enterprise apps are boon for every business, as they help reduce the management, collaboration, and productivity strain on the team leaders' shoulders.
Hope you liked this blog and would keep it handy during mapping the development journey of your enterprise apps.
For further discussion regarding mobile, web, Blockchain, and AI-based app development process, you can consult our experts anytime.