Home Technology Custom Software: The Trends, Possibilities, and Impact

Custom Software: The Trends, Possibilities, and Impact

by SOUL

Software: Not One Size Fits All

A quality software is one that can address the business requirements while improving productivity.

Off-the-shelf software (usually) costs less initially. But this savings will dissipate soon as the needs of the organization changes in a way the software can’t adapt. You’ll have to invest in a new solution or spend on a custom bridge which is effective only until your needs change again. Custom software, on the other hand, is adaptable and sustainable.

Custom Solutions

  • Fully customizable
  • Only the required functions
  • Lifelong support
  • Costs are different

Prepackaged solutions

  • Best practices
  • Not always meets the needs
  • Low customization levels
  • Fixed prices

Real Estate:

In 2019, 50% of buyers found their homes through the internet.

92% of homes in the U.S. are sold through an agent/ broker.

The Problems that Real Estate Agents Face

Real estate agents usually have a frantic workday.

They need to communicate with clients, manage media, and deal with listings and payrolls.

Nearly 48% of brokers report that their agents are finding it hard to keep up with and adopt the latest technology trends.

This could be a lot to handle, but the burden can be eased with a  custom-built software for their website.

The Benefits Real Estate Agents Get from Custom-Built Software

Uniqueness

Custom-made websites are built from scratch. This is built exactly to your specifications and does away with the limits on what you can do. The final product will be entirely unique as there’s no other site built the same way.

The uniqueness will make clients remember you.

Speed

Third-party software is often crafted to appeal to the broadest audience possible, they usually have the same functions and features available.

This impacts the structure of the website, often causing it to load more slowly.

Custom-built software can tackle these problems. It can handle startup app development on the go and a custom-made website with elan, offering you better options and more control as you get to choose functions and features important for you to include.

Scalability and Flexibility

Real estate agents need a website that grows as they grow.

Virtual Staging

73% of homeowners prefer to list with a real estate agent employing video to sell property and staged homes sell 25% faster.

According to the National Association of Realtors’ report,  around 77% of real estate agents responded that staging helped potential buyers better identify a property with their future home.

According to Adroit Market Research, the Real Estate Management Software Market is expected to hit $12.89 Billion by 2025 in part due to the graining popularity of Internet of Things (IoT) and increasing adoption of smartphones.

Digital Appointments & Consultations

This new breed of real estate agents are now employing digital methods for property showings and appointments with clients.

MLS Real Estate Software

Many successful real estate agents are turning to software development companies to help them create apps like Zillow type that are saturating the market presently. These apps make it easier for them to showcase their MLS inventory, for customers to browse through, and share with others.

Logistics:

Challenges

This biggest challenge for global supply chain executives was visibility, which holds true for 21.8% of them. Changing customer demands came in second at 19.7%.

Cost Control Through Big Data & Analytics

Bottom line of companies is impacted by increasing costs due to changing gas prices, warehousing, labor and supply shortages, and other seasonal changes.

Employing analytics on your business to analyze reports and understand market trends, you can plan for the changing landscape effectively.

Software helps in streamlining workflows, saving time and reducing costs by automating routine tasks enabling your team to focus on taking business forward.

Disintermediate Shipping

One unique way custom software solutions can save time and cut costs,by disintermediating your delivery process making use of blockchain and distributed ledgers.

TRANSPORTATION MANAGEMENT SYSTEMS

Custom Software

WAREHOUSE MANAGEMENT SYSTEMS

Custom Software

Benefits of Custom software solutions:

  • Warehouse arrangement, real-time entries of storage, packing and shipment.
  • Optimizing the workflow – managing warehouse and traffic to optimize the number of movements per order.
  • Improving the accuracy of inventory processes.
  • Efficient sorting, picking, and final distribution, delivering to warehouses and distribution centers.

Healthcare:

Custom built patient portals can have an intuitive user interface sling with a multitude of patient-engagement tools:

  • Accessible treatment plans
  • Editable personal health records
  • Feedback and assessment forms
  • Automated appointment scheduling
  • Online billing
  • E-consultations

Custom mobile healthcare applications help patients take control and initiative over their health with:

  • Quick access to EHR/EMR data
  • Online consultations with a physician
  • E-prescribing
  • Educational resources
  • Reminders and alerts
  • Newsfeeds
  • GPS navigation to the nearest clinic
  • Office-based Physician Electronic Health Record Adoption

A quality healthcare software can only be built by sitting down with the development team and piecing together a software, according to your needs, that helps your hospital run efficiently.

Patient First Approach

Just as for healthcare professionals, it’s important for patients to be able to access health records quickly and easily. This makes them more engaged in their care, in scheduling follow-ups, and in improved communication with their doctor.

Cut The Cord

Custom software untethers healthcare professionals from their workstation/ computer. A custom multi platform system allows workers to access records from smartphones, and other devices, ‘cutting the cord’.

Integrate With Existing Systems

Electronic health records also need to be efficiently integrated with other systems within the hospital, such as laboratory information systems, and others.

This can be better realized by employing custom software as opposed to an off-the-shelf software solution.

Retail:

POS software is indispensable to retail, ecommerce. Entrepreneurs andbusiness owners must have a firm grasp of the current key trends in POS (point-of-sale) software to be able to make better purchasing decisions and gain a competitive edge.

Custom Software

Experts predict the global market for POS terminals to grow at a CAGR of 7.8% from 2019 to 2025. (Grand View Research, 2019)

The top POS priorities among retailers in 2019 are adding capabilities to their current POS system (53%), complying with payment security standards (45%), and implementing omnichannel integrations (43%). These are followed by creating a unified commerce platform (41%), updating systems (40%), upgrading hardware (36%), and rolling out mobile POS solutions (30%). (BRP POS/Customer Engagement Survey, 2019)

  • 83% of consumers are likely to share their information to allow for a personalized experience. (Accenture)
  •  Only 7% of consumers shopped online. 20% prefer shopping in-store, while 73% leverage multiple channels when they shop. (Harvard Business Review)
  • 79% of consumers said personalized service is a top factor in choosing where they shop. (BRP POS/Customer Engagement Survey, 2019)
  • Cloud POS systems have gained considerable penetration into the market. In fact, it has surpassed the critical 20% level in all categories except for cafeterias. (ReformingRetail)
  • The total purchases of POS systems for the past year indicate that over 60% of the new systems were cloud systems. (ReformingRetail)
  • The overall global cloud POS market size is expected to almost triple, from $1.34 billion in 2018 to $3.73 billion by 2023. (Research and Markets)
  • Majority of merchants (61%) want their next POS to be cloud-based. (POS Software Trends Report, 2018)

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