SlideShare a Scribd company logo
1 of 31
BusinessEnvironment
Software Industry
DEPARTMENT OF COMMERCE
MASTER OF BUSINESS ADMINISTRATION
UNIVERSITY COLLEGE OF COMMERCE AND BUSINESS
MANAGEMENT
KAKATIYA UNIVERSITY
2020 - 2022
Team members:
1. P. Yashasvi
2. M. Vyshanavi
3. Shashi Kumar
4. Kalyani Reddy
5. Mahesh
6. Sravanthi
7. Akhil Sai
8. Dinesh Chander
9. Sai Rishi
10. P. Madhumitha
11. Rama Krishna
What is a Software?
• Software comprises of the set of programs, procedures and routines
associated with the operation of a computer system.
• Software is a collection of Instructions and data that tells a computer what
to do.
• It makes our computer hardware perform important tasks.
Software Industry
• Software industry consists of part of computer programming activity that is
traded between software producing organizations and corporate or
individual software consumers.
• Software industry includes businesses for development, maintenance and
publication of software.
Company Industry
A company is any form of
business whether it is small
or large. It indicates a
particular kind of business
dealing in a specific
product.
An Industry is the
combination of companies
in same line of business.
Types of Software companies
Product-based Service-based
•These are the companies that
have their own products to sell.
•They hire very limited
candidates from top colleges.
•They conduct more interview
rounds.
•They provide high salary and
this salary is revised based on the
cost of living.
•These companies may or may
not have own product but they
work as client for product-based
companies.
•They are mass recruiters.
•Cracking interviews is easy.
•They provide less salary and
hike.
Origin
• Personal computing , First of its kind was seen in 1975,
in Albuquerque , New Mexico.
• It was founded by Bill Gates and Paul Allen.
• Microsoft specialized in basic operating software.
• They sold mainly to hobbyists.
History
• Software industry is one of the leading engines in economic
growth.
• It expanded in the early 1960s which created demand for
software among universities government etc..
• Hardware and Software co-exist, so improvements in one drive
improves the other.
History
• Charles Babbage claimed to create the worlds first
computer, the analytical engine.
• His Difference Engine could produce mathematical
tables by mechanical means.
Companies world wide
1.Microsoft:
• Most popular franchise product in Microsoft is the operating system windows
• Products: Microsoft 365, Windows, Microsoft Edge, OneDrive etc..
2.Oracle:
• They are leading providers of Enterprise software and are primarily used in
business fields of Customer Relationship Management, Supply Chain
Management, Enterprise Resource Management.
• Products: Oracle data cloud etc..
3.SAP (Systems, Applications & Products):
• This company focus on Enterprise software as well as providing Software as a
service.
• Products: SAP ERP, SAP CRM etc..
4.Dell Technologies:
• Dell technology is primarily a manufacturer of personal computers, and
Notebooks.
• Products: Inspiron laptops, gaming laptops etc..
5.Adobe Systems:
• It is known for its software products in the graphics design, web design and
video editing.
• Products: Photoshop, Illustrator, InDesign etc..
6.HCL Enterprise:
• This company is involved in software outsourcing, software consulting and
enterprise software.
• Products: Software.
Leading organizations in India
1. Tata Consultancy Services:
• They provide services like mobile apps, Custom Software development,
Internet Of Things and many more
• Products: TCS iON, TCS BaNCS ( a core banking software product).
2. Infosys:
• They provide business consulting, information technology, and outsourcing
services.
• Products: NIA- Next Generation Integrated AI Platform, Infosys Consulting.
3.Wipro:
• IT has growing field in smart business apps that include IOT it also delivers
best services in the cloud, security and networking.
• It also work for non IT jobs such as menu making for OTT in America.
• Products: Wipro Consumer Care and Lighting.
4. Tech Mahindra:
• They provide IT services for almost all industries. They provide services
like web and app development, Cloud solutions, Enterprise business
solutions, Data science etc..
• Products: cyber security, testing services etc..
5. Capgemini India Pvt Ltd:
• It provides consulting, technology, professional and outsourcing services,
custom software development.
• Products:
6. MindTree Ltd:
• The company deals in mobile applications, e-commerce, digital
transformation, cloud computing, data analytics.
• Products: InStore Analytics, Intelligent Video Surveillance, Employee
Training etc..
Role of IT in Economic Development
• More advanced the technology – more quickly the local and global
economy can improve.
• Technology can save time and contribute to overall profits of a business.
• Technology has lead to an increase in the division of labour and
specialization of jobs.
• IT is single and most important element in success and growth of
international trade allowing business to share information and conduct
trade in less time.
Importance of IT in Indian economy
• It has provides employment to over one million people.
• This industry is said to be a major foreign exchange earner.
• It has helped in the growth of the service sector.
• It provides employment to innumerable men and women.
• According to NASSCOM, the sector aggregated revenue from Indian
Software Industry in 2020 was expected to be 147 billion US dollar.
How Software helps Business
• Software makes our Business to work more efficiently.
• Business software can be implemented by business houses of all sizes.
• It helps to manage Customer relationships.
• Business owners can develop and manage customer database more
accurately.
• With the help of software maintenance of accounting records have become
extremely simple.
• Software applications are also helpful to enhance security system within
work place.
Role of Software in Business
• Software is key part of IT investment and helps our business work more
efficiently.
• Right software leads to new ways of working in Business.
• Software is a crucial business asset, choose carefully.
• Most commonly used software in business are:
a. Asset management software.
b. Customer relationship management software.
c. Database software.
d. Word processing software.
Strengths:
• Large pool of knowledge & quality workers , English speaking workforce.
• Indian software professionals are flexible to adopt to new technologies.
• Exports and domestic demands have been growing consistently at annual rate
of 50%.
• High quality knowledge workers and attractive price performance have been
and will continue to be a key component of India’s value proposition.
• By recognising the immense power of local talents more and more MNC’s are
setting up every year.
Weakness:
• Due to lack of package orientation industry doesn’t have multiplier effect
for growth in revenue.
• With low penetration of PC’s internet penetration is also poor.
• Indian industry has not created original operating system or new languages,
technology which could be used globally.
• As Indian industry is growing too fast, project mangers are becoming
entrepreneurs and creating a gap between demand and supply of skills.
Opportunities:
• The market is large and rapidly changing and creating a number of new
opportunities for Indian companies.
• India can be branded as a quality destination rather than cost destination.
Threats:
• Decision making and time taken for implementation need to be at faster
pace so as not to lose any opportunity.
• Lack of power, highways and airports in some cities has become a major
constraint.
• Rising cost of infrastructure, basic needs and salaries can pose a threat if
not adequately balanced.
Project Infrastructure
Development Expectations and
Outcomes
A major reason for the complexity of software projects is the constant
changing of requirements. Not surprisingly, 33% of the respondents of the
Stack Overflow Developer Survey consider building products with
unspecific requirements, as their biggest challenge. Requirements
gathering is a lot more than a handful of business consultants coming up
with their ideal product is understanding fully what a project will deliver.
Solution: To ensure that the product outcomes align with expectations and
requirements, a solid process and line of communication need to be
established.
Quality Assurance
Not reviewing code, or suppressing errors are just a means that developers use
to save time and meet deadlines.
Solution: Following a formal quality assurance process is imperative for a
successful launch. If you witness developers trying to cut corners in the
development process, discourage it immediately. Encourage them to use the
best code development practices to meet the requirements sooner and more
efficiently.
Adapting the New Market Trends
Catering to the latest technology requirements such as mobile-first or
mobile-only or desktop-first is often challenging. If you don’t have
resources with hands-on experience in the latest and trending technologies,
it is sure to impact your time to market.
Solution: Make sure your resources constantly polish their skills to remain
relevant. This means staying up-to-date on market trends and exploring
insights into the new technology and trends that are out there.
Design Influence
Product designs are under constant influence from stakeholders, the
development organization, and other internal and external factors.
Managing these influences is essential for maximizing the quality of
systems and their related influence on future business opportunities.
The increase of easily accessible, simple applications has resulted in
user expectations growing exponentially.
Solution: Make sure you streamline your design and offer a consistent
experience across devices, operating systems, and form factors.
Policies in Software Company
• Access Control Policy.
• Data/log Retention Policy.
• IT staff access to Confidential data Policy.
• User Account password Policy.
• Change Management Policy.
• Encryption Policy.
Conclusion
• Software industry has been emerging India specially in IT enabled services
and software.
• Indian software and services have established credentials in providing high
quality solutions.
• In recent times Indian IT industry controlled more than half of global
business.
• IT industry is providing direct employment to about 4.36 million in 2020.
Software Industry

More Related Content

Similar to Software Industry

fusion-apps-new-standard-bus-wp-505097
fusion-apps-new-standard-bus-wp-505097fusion-apps-new-standard-bus-wp-505097
fusion-apps-new-standard-bus-wp-505097
Carina Kordan
 
Introductie presentation magic app mall
Introductie presentation magic app mallIntroductie presentation magic app mall
Introductie presentation magic app mall
eduardsmeets
 
CMGT578 v11Long-range IT Plan Focusing on InnovationCMGT578 .docx
CMGT578 v11Long-range IT Plan Focusing on InnovationCMGT578 .docxCMGT578 v11Long-range IT Plan Focusing on InnovationCMGT578 .docx
CMGT578 v11Long-range IT Plan Focusing on InnovationCMGT578 .docx
mccormicknadine86
 

Similar to Software Industry (20)

Corporate presentation- Arohatech
Corporate presentation- ArohatechCorporate presentation- Arohatech
Corporate presentation- Arohatech
 
Discover Rootstock ERP: Top Manufacturing Trends to Watch in 2018
Discover Rootstock ERP: Top Manufacturing Trends to Watch in 2018Discover Rootstock ERP: Top Manufacturing Trends to Watch in 2018
Discover Rootstock ERP: Top Manufacturing Trends to Watch in 2018
 
Streaming Processes: Creating a Start-up Within a Big Corporate (Mohammad Sha...
Streaming Processes: Creating a Start-up Within a Big Corporate (Mohammad Sha...Streaming Processes: Creating a Start-up Within a Big Corporate (Mohammad Sha...
Streaming Processes: Creating a Start-up Within a Big Corporate (Mohammad Sha...
 
Digital Engineering: Top 5 Imperatives for Communications, Media and Technolo...
Digital Engineering: Top 5 Imperatives for Communications, Media and Technolo...Digital Engineering: Top 5 Imperatives for Communications, Media and Technolo...
Digital Engineering: Top 5 Imperatives for Communications, Media and Technolo...
 
MICROSOFT BUSINESS RESEARCH PROJECT
MICROSOFT BUSINESS RESEARCH PROJECT MICROSOFT BUSINESS RESEARCH PROJECT
MICROSOFT BUSINESS RESEARCH PROJECT
 
fusion-apps-new-standard-bus-wp-505097
fusion-apps-new-standard-bus-wp-505097fusion-apps-new-standard-bus-wp-505097
fusion-apps-new-standard-bus-wp-505097
 
Introductie presentation magic app mall
Introductie presentation magic app mallIntroductie presentation magic app mall
Introductie presentation magic app mall
 
InfoCentroid Software Solutions Pvt. Ltd.| InfoCentroid
InfoCentroid Software Solutions Pvt. Ltd.| InfoCentroidInfoCentroid Software Solutions Pvt. Ltd.| InfoCentroid
InfoCentroid Software Solutions Pvt. Ltd.| InfoCentroid
 
IT Career Development - An Introduction into the Industry
IT Career Development - An Introduction into the IndustryIT Career Development - An Introduction into the Industry
IT Career Development - An Introduction into the Industry
 
The Product
The ProductThe Product
The Product
 
Presentation On microsoft
Presentation On microsoftPresentation On microsoft
Presentation On microsoft
 
Strategic Human Resource Management - AIB (MBA) 2015
Strategic Human Resource Management - AIB (MBA) 2015Strategic Human Resource Management - AIB (MBA) 2015
Strategic Human Resource Management - AIB (MBA) 2015
 
Thinking of Outsourcing IT Service? Your Search Ends Here!
Thinking of Outsourcing IT Service? Your Search Ends Here!Thinking of Outsourcing IT Service? Your Search Ends Here!
Thinking of Outsourcing IT Service? Your Search Ends Here!
 
infox technologies
infox technologiesinfox technologies
infox technologies
 
Vital Skills for Successful Android & iOS Mobile App Developers
Vital Skills for Successful Android & iOS Mobile App DevelopersVital Skills for Successful Android & iOS Mobile App Developers
Vital Skills for Successful Android & iOS Mobile App Developers
 
Software Product Engineering Services
Software Product Engineering ServicesSoftware Product Engineering Services
Software Product Engineering Services
 
Insights success the 10 best performing software solution providers 11th dec ...
Insights success the 10 best performing software solution providers 11th dec ...Insights success the 10 best performing software solution providers 11th dec ...
Insights success the 10 best performing software solution providers 11th dec ...
 
Business plan sample by bhawani nandan prasad
Business plan   sample by bhawani nandan prasadBusiness plan   sample by bhawani nandan prasad
Business plan sample by bhawani nandan prasad
 
CMGT578 v11Long-range IT Plan Focusing on InnovationCMGT578 .docx
CMGT578 v11Long-range IT Plan Focusing on InnovationCMGT578 .docxCMGT578 v11Long-range IT Plan Focusing on InnovationCMGT578 .docx
CMGT578 v11Long-range IT Plan Focusing on InnovationCMGT578 .docx
 
Top .NET development companies to outsource
Top .NET development companies to outsourceTop .NET development companies to outsource
Top .NET development companies to outsource
 

Recently uploaded

POGONATUM : morphology, anatomy, reproduction etc.
POGONATUM : morphology, anatomy, reproduction etc.POGONATUM : morphology, anatomy, reproduction etc.
POGONATUM : morphology, anatomy, reproduction etc.
Silpa
 
LUNULARIA -features, morphology, anatomy ,reproduction etc.
LUNULARIA -features, morphology, anatomy ,reproduction etc.LUNULARIA -features, morphology, anatomy ,reproduction etc.
LUNULARIA -features, morphology, anatomy ,reproduction etc.
Silpa
 
Digital Dentistry.Digital Dentistryvv.pptx
Digital Dentistry.Digital Dentistryvv.pptxDigital Dentistry.Digital Dentistryvv.pptx
Digital Dentistry.Digital Dentistryvv.pptx
MohamedFarag457087
 
biology HL practice questions IB BIOLOGY
biology HL practice questions IB BIOLOGYbiology HL practice questions IB BIOLOGY
biology HL practice questions IB BIOLOGY
1301aanya
 
CYTOGENETIC MAP................ ppt.pptx
CYTOGENETIC MAP................ ppt.pptxCYTOGENETIC MAP................ ppt.pptx
CYTOGENETIC MAP................ ppt.pptx
Silpa
 
development of diagnostic enzyme assay to detect leuser virus
development of diagnostic enzyme assay to detect leuser virusdevelopment of diagnostic enzyme assay to detect leuser virus
development of diagnostic enzyme assay to detect leuser virus
NazaninKarimi6
 
Phenolics: types, biosynthesis and functions.
Phenolics: types, biosynthesis and functions.Phenolics: types, biosynthesis and functions.
Phenolics: types, biosynthesis and functions.
Silpa
 

Recently uploaded (20)

POGONATUM : morphology, anatomy, reproduction etc.
POGONATUM : morphology, anatomy, reproduction etc.POGONATUM : morphology, anatomy, reproduction etc.
POGONATUM : morphology, anatomy, reproduction etc.
 
Chemistry 5th semester paper 1st Notes.pdf
Chemistry 5th semester paper 1st Notes.pdfChemistry 5th semester paper 1st Notes.pdf
Chemistry 5th semester paper 1st Notes.pdf
 
LUNULARIA -features, morphology, anatomy ,reproduction etc.
LUNULARIA -features, morphology, anatomy ,reproduction etc.LUNULARIA -features, morphology, anatomy ,reproduction etc.
LUNULARIA -features, morphology, anatomy ,reproduction etc.
 
Factory Acceptance Test( FAT).pptx .
Factory Acceptance Test( FAT).pptx       .Factory Acceptance Test( FAT).pptx       .
Factory Acceptance Test( FAT).pptx .
 
Climate Change Impacts on Terrestrial and Aquatic Ecosystems.pptx
Climate Change Impacts on Terrestrial and Aquatic Ecosystems.pptxClimate Change Impacts on Terrestrial and Aquatic Ecosystems.pptx
Climate Change Impacts on Terrestrial and Aquatic Ecosystems.pptx
 
Site Acceptance Test .
Site Acceptance Test                    .Site Acceptance Test                    .
Site Acceptance Test .
 
module for grade 9 for distance learning
module for grade 9 for distance learningmodule for grade 9 for distance learning
module for grade 9 for distance learning
 
Digital Dentistry.Digital Dentistryvv.pptx
Digital Dentistry.Digital Dentistryvv.pptxDigital Dentistry.Digital Dentistryvv.pptx
Digital Dentistry.Digital Dentistryvv.pptx
 
FAIRSpectra - Enabling the FAIRification of Analytical Science
FAIRSpectra - Enabling the FAIRification of Analytical ScienceFAIRSpectra - Enabling the FAIRification of Analytical Science
FAIRSpectra - Enabling the FAIRification of Analytical Science
 
Zoology 5th semester notes( Sumit_yadav).pdf
Zoology 5th semester notes( Sumit_yadav).pdfZoology 5th semester notes( Sumit_yadav).pdf
Zoology 5th semester notes( Sumit_yadav).pdf
 
biology HL practice questions IB BIOLOGY
biology HL practice questions IB BIOLOGYbiology HL practice questions IB BIOLOGY
biology HL practice questions IB BIOLOGY
 
CYTOGENETIC MAP................ ppt.pptx
CYTOGENETIC MAP................ ppt.pptxCYTOGENETIC MAP................ ppt.pptx
CYTOGENETIC MAP................ ppt.pptx
 
development of diagnostic enzyme assay to detect leuser virus
development of diagnostic enzyme assay to detect leuser virusdevelopment of diagnostic enzyme assay to detect leuser virus
development of diagnostic enzyme assay to detect leuser virus
 
Phenolics: types, biosynthesis and functions.
Phenolics: types, biosynthesis and functions.Phenolics: types, biosynthesis and functions.
Phenolics: types, biosynthesis and functions.
 
Clean In Place(CIP).pptx .
Clean In Place(CIP).pptx                 .Clean In Place(CIP).pptx                 .
Clean In Place(CIP).pptx .
 
Molecular markers- RFLP, RAPD, AFLP, SNP etc.
Molecular markers- RFLP, RAPD, AFLP, SNP etc.Molecular markers- RFLP, RAPD, AFLP, SNP etc.
Molecular markers- RFLP, RAPD, AFLP, SNP etc.
 
Thyroid Physiology_Dr.E. Muralinath_ Associate Professor
Thyroid Physiology_Dr.E. Muralinath_ Associate ProfessorThyroid Physiology_Dr.E. Muralinath_ Associate Professor
Thyroid Physiology_Dr.E. Muralinath_ Associate Professor
 
Role of AI in seed science Predictive modelling and Beyond.pptx
Role of AI in seed science  Predictive modelling and  Beyond.pptxRole of AI in seed science  Predictive modelling and  Beyond.pptx
Role of AI in seed science Predictive modelling and Beyond.pptx
 
Proteomics: types, protein profiling steps etc.
Proteomics: types, protein profiling steps etc.Proteomics: types, protein profiling steps etc.
Proteomics: types, protein profiling steps etc.
 
Gwalior ❤CALL GIRL 84099*07087 ❤CALL GIRLS IN Gwalior ESCORT SERVICE❤CALL GIRL
Gwalior ❤CALL GIRL 84099*07087 ❤CALL GIRLS IN Gwalior ESCORT SERVICE❤CALL GIRLGwalior ❤CALL GIRL 84099*07087 ❤CALL GIRLS IN Gwalior ESCORT SERVICE❤CALL GIRL
Gwalior ❤CALL GIRL 84099*07087 ❤CALL GIRLS IN Gwalior ESCORT SERVICE❤CALL GIRL
 

Software Industry

  • 1. BusinessEnvironment Software Industry DEPARTMENT OF COMMERCE MASTER OF BUSINESS ADMINISTRATION UNIVERSITY COLLEGE OF COMMERCE AND BUSINESS MANAGEMENT KAKATIYA UNIVERSITY 2020 - 2022
  • 2. Team members: 1. P. Yashasvi 2. M. Vyshanavi 3. Shashi Kumar 4. Kalyani Reddy 5. Mahesh 6. Sravanthi 7. Akhil Sai 8. Dinesh Chander 9. Sai Rishi 10. P. Madhumitha 11. Rama Krishna
  • 3. What is a Software? • Software comprises of the set of programs, procedures and routines associated with the operation of a computer system. • Software is a collection of Instructions and data that tells a computer what to do. • It makes our computer hardware perform important tasks.
  • 4. Software Industry • Software industry consists of part of computer programming activity that is traded between software producing organizations and corporate or individual software consumers. • Software industry includes businesses for development, maintenance and publication of software.
  • 5. Company Industry A company is any form of business whether it is small or large. It indicates a particular kind of business dealing in a specific product. An Industry is the combination of companies in same line of business.
  • 6. Types of Software companies Product-based Service-based •These are the companies that have their own products to sell. •They hire very limited candidates from top colleges. •They conduct more interview rounds. •They provide high salary and this salary is revised based on the cost of living. •These companies may or may not have own product but they work as client for product-based companies. •They are mass recruiters. •Cracking interviews is easy. •They provide less salary and hike.
  • 7. Origin • Personal computing , First of its kind was seen in 1975, in Albuquerque , New Mexico. • It was founded by Bill Gates and Paul Allen. • Microsoft specialized in basic operating software. • They sold mainly to hobbyists.
  • 8. History • Software industry is one of the leading engines in economic growth. • It expanded in the early 1960s which created demand for software among universities government etc.. • Hardware and Software co-exist, so improvements in one drive improves the other.
  • 9. History • Charles Babbage claimed to create the worlds first computer, the analytical engine. • His Difference Engine could produce mathematical tables by mechanical means.
  • 10. Companies world wide 1.Microsoft: • Most popular franchise product in Microsoft is the operating system windows • Products: Microsoft 365, Windows, Microsoft Edge, OneDrive etc.. 2.Oracle: • They are leading providers of Enterprise software and are primarily used in business fields of Customer Relationship Management, Supply Chain Management, Enterprise Resource Management. • Products: Oracle data cloud etc.. 3.SAP (Systems, Applications & Products): • This company focus on Enterprise software as well as providing Software as a service. • Products: SAP ERP, SAP CRM etc..
  • 11. 4.Dell Technologies: • Dell technology is primarily a manufacturer of personal computers, and Notebooks. • Products: Inspiron laptops, gaming laptops etc.. 5.Adobe Systems: • It is known for its software products in the graphics design, web design and video editing. • Products: Photoshop, Illustrator, InDesign etc.. 6.HCL Enterprise: • This company is involved in software outsourcing, software consulting and enterprise software. • Products: Software.
  • 12. Leading organizations in India 1. Tata Consultancy Services: • They provide services like mobile apps, Custom Software development, Internet Of Things and many more • Products: TCS iON, TCS BaNCS ( a core banking software product). 2. Infosys: • They provide business consulting, information technology, and outsourcing services. • Products: NIA- Next Generation Integrated AI Platform, Infosys Consulting. 3.Wipro: • IT has growing field in smart business apps that include IOT it also delivers best services in the cloud, security and networking. • It also work for non IT jobs such as menu making for OTT in America. • Products: Wipro Consumer Care and Lighting.
  • 13. 4. Tech Mahindra: • They provide IT services for almost all industries. They provide services like web and app development, Cloud solutions, Enterprise business solutions, Data science etc.. • Products: cyber security, testing services etc.. 5. Capgemini India Pvt Ltd: • It provides consulting, technology, professional and outsourcing services, custom software development. • Products: 6. MindTree Ltd: • The company deals in mobile applications, e-commerce, digital transformation, cloud computing, data analytics. • Products: InStore Analytics, Intelligent Video Surveillance, Employee Training etc..
  • 14. Role of IT in Economic Development • More advanced the technology – more quickly the local and global economy can improve. • Technology can save time and contribute to overall profits of a business. • Technology has lead to an increase in the division of labour and specialization of jobs. • IT is single and most important element in success and growth of international trade allowing business to share information and conduct trade in less time.
  • 15. Importance of IT in Indian economy • It has provides employment to over one million people. • This industry is said to be a major foreign exchange earner. • It has helped in the growth of the service sector. • It provides employment to innumerable men and women. • According to NASSCOM, the sector aggregated revenue from Indian Software Industry in 2020 was expected to be 147 billion US dollar.
  • 16. How Software helps Business • Software makes our Business to work more efficiently. • Business software can be implemented by business houses of all sizes. • It helps to manage Customer relationships. • Business owners can develop and manage customer database more accurately. • With the help of software maintenance of accounting records have become extremely simple. • Software applications are also helpful to enhance security system within work place.
  • 17. Role of Software in Business • Software is key part of IT investment and helps our business work more efficiently. • Right software leads to new ways of working in Business. • Software is a crucial business asset, choose carefully. • Most commonly used software in business are: a. Asset management software. b. Customer relationship management software. c. Database software. d. Word processing software.
  • 18.
  • 19. Strengths: • Large pool of knowledge & quality workers , English speaking workforce. • Indian software professionals are flexible to adopt to new technologies. • Exports and domestic demands have been growing consistently at annual rate of 50%. • High quality knowledge workers and attractive price performance have been and will continue to be a key component of India’s value proposition. • By recognising the immense power of local talents more and more MNC’s are setting up every year.
  • 20. Weakness: • Due to lack of package orientation industry doesn’t have multiplier effect for growth in revenue. • With low penetration of PC’s internet penetration is also poor. • Indian industry has not created original operating system or new languages, technology which could be used globally. • As Indian industry is growing too fast, project mangers are becoming entrepreneurs and creating a gap between demand and supply of skills.
  • 21. Opportunities: • The market is large and rapidly changing and creating a number of new opportunities for Indian companies. • India can be branded as a quality destination rather than cost destination.
  • 22. Threats: • Decision making and time taken for implementation need to be at faster pace so as not to lose any opportunity. • Lack of power, highways and airports in some cities has become a major constraint. • Rising cost of infrastructure, basic needs and salaries can pose a threat if not adequately balanced.
  • 23.
  • 25. Development Expectations and Outcomes A major reason for the complexity of software projects is the constant changing of requirements. Not surprisingly, 33% of the respondents of the Stack Overflow Developer Survey consider building products with unspecific requirements, as their biggest challenge. Requirements gathering is a lot more than a handful of business consultants coming up with their ideal product is understanding fully what a project will deliver. Solution: To ensure that the product outcomes align with expectations and requirements, a solid process and line of communication need to be established.
  • 26. Quality Assurance Not reviewing code, or suppressing errors are just a means that developers use to save time and meet deadlines. Solution: Following a formal quality assurance process is imperative for a successful launch. If you witness developers trying to cut corners in the development process, discourage it immediately. Encourage them to use the best code development practices to meet the requirements sooner and more efficiently.
  • 27. Adapting the New Market Trends Catering to the latest technology requirements such as mobile-first or mobile-only or desktop-first is often challenging. If you don’t have resources with hands-on experience in the latest and trending technologies, it is sure to impact your time to market. Solution: Make sure your resources constantly polish their skills to remain relevant. This means staying up-to-date on market trends and exploring insights into the new technology and trends that are out there.
  • 28. Design Influence Product designs are under constant influence from stakeholders, the development organization, and other internal and external factors. Managing these influences is essential for maximizing the quality of systems and their related influence on future business opportunities. The increase of easily accessible, simple applications has resulted in user expectations growing exponentially. Solution: Make sure you streamline your design and offer a consistent experience across devices, operating systems, and form factors.
  • 29. Policies in Software Company • Access Control Policy. • Data/log Retention Policy. • IT staff access to Confidential data Policy. • User Account password Policy. • Change Management Policy. • Encryption Policy.
  • 30. Conclusion • Software industry has been emerging India specially in IT enabled services and software. • Indian software and services have established credentials in providing high quality solutions. • In recent times Indian IT industry controlled more than half of global business. • IT industry is providing direct employment to about 4.36 million in 2020.