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Modernising Legacy Systems: A Chance For Leeds Businesses To Innovate Imagine driving a vintage car in the fast lane of today’s technological highway. Sure, it has charm and reliability, but its outdated components can’t keep up with the speed and efficiency demanded by modern times. This is what you’re doing if you’re running your business…
Empowering Yorkshire’s Start-Up Scene With Impactful MVPs Ah, Yorkshire, the land of teacakes and cricket, famous for its rolling dales and… tech start-ups? You heard it right. This idyllic English county is steadily becoming a hotbed for entrepreneurial ingenuity. And here’s the secret sauce: MVPs or Minimum Viable Products. These aren’t your sports stars, but…
Welcome to the eclectic world of Business Innovation, a realm where creativity meets practicality to foster growth, increase efficiency and manage resources in the corporate landscape. Fundamentally, Business Innovation is the process of introducing something novel, distinct, or improved in an organisation. It could take the form of technological advancements, changing business models, reforming operational processes or just adopting a fresh approach to marketing. Especially in an era marked by digitalisation, Business Innovation is the cornerstone that helps businesses stay afloat, compete and prosper amidst the fluctuating economic tides.
In the dynamic world of software, app and web development, the concept of Business Innovation takes on an even more pronounced significance. The market is defined by factors such as rapid technological change, short product life cycles, increasing competition and demanding customers. To not just survive, but also succeed in such an environment, organisations need to regularly revamp and re-invent their systems, processes and products. This is where the magic of bespoke solutions comes into play.
Bespoke systems provide customised solutions tailored to the specific needs of a business. Unlike off-the-shelf products, tailored systems are flexible, scalable, and do not require the organisation to adapt to them – they adapt to the organisation. These days, more and more companies are turning to bespoke software and app solutions. According to a report by Grand View Research, the global custom software development market size was valued at $135.26 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2020 to 2027.
Moreover, the onslaught of the COVID-19 pandemic has reinforced the need for digital transformation and Business Innovation. Companies across the globe are either near, at, or beyond the tipping point of digital disruption. According to IDC, by 2022, 70% of all organisations will have accelerated the use of digital technologies, transforming existing business processes to drive customer engagement, employee productivity, and business resilience.
As you navigate through the complex yet exhilarating landscape of Business Innovation, remember that it’s not just about riding the wave of change, but about making the wave. It’s about anticipating trends, understanding consumer behavior, leveraging new technologies, and constantly readying for the next big revolution.
Feel inspired? Eager to learn more? You’re in the right place! In our Business Innovation section of the blog, we delve deeper into these topics and explore the many facets of Business Innovation. We also invite you to browse the main area of our blog for a wider range of topics. If you’d like to discuss anything, or are curious to know how bespoke software, app and web development can empower your business, feel free to contact us at Me-too.net. We’d be more than happy to get the conversation started.