Software development frameworks said to produce 2X ROI
|Richard Harris in Enterprise Tuesday, October 16, 2018|
A ne cross-industry study by QT underscores the business value of platform-agnostic embedded software development frameworks.
The Qt Company announced the results of a new Forrester study that revealed investments in software development frameworks such as Qt can deliver an ROI of more than 250 percent.
In today’s hyper-connected world, the concept of real-time delivery of products and services is increasingly becoming a standard practice across a wide range of industries. While this creates countless opportunities for enterprises to gain a competitive advantage and bolster customer loyalty, it has also resulted in skyrocketing customer expectations. As evidence, Forrester recently found that customers’ expectations will soon outpace companies’ ability to evolve, and that in 2018, 30% of companies will see further declines in [customer experience] performance, and those declines will translate to a net loss of a point of growth.
As a result of these escalating customer demands, enterprises such as industrial manufacturers, automakers and medical device manufacturers are facing tremendous pressure to streamline the embedded device software development process, so they can deliver innovative devices and applications as close to real-time as possible. Complicating this goal further is the fact that the number of embedded devices in circulation is rising exponentially, while the number of developers available to build those devices remains stagnant. For enterprises to thrive in their respective markets, their products need to be cheaper and more powerful than their competitors’ offerings, while delivering a superior user experience.
To underscore the crucial role technology tools play in enterprises’ ability to deliver a stellar customer experience, Qt commissioned Forrester to conduct a study of the ROI potential of Qt’s cross-platform embedded software development framework. The results of the study, “The Total Economic Impact of Qt for Device Creation,” were based on in-depth interviews with four customers – across the industrial automation, automotive, hi-tech and marine electronics industries – with years of experience using Qt for Device Creation.
Read more: https://www.qt.io/forrester-tei