The agile methodology has brought a great deal of value into the software development life cycle (SDLC). This is especially true for software as a service (SaaS) products and businesses, where delivering value quickly (or less expensively) can make or break the enterprise.
Along the life cycle of a product, especially with agile development methodology, it’s incredibly easy to fall into a zone of diminishing returns as the product matures. Here are five signs that can help you determine if your software requires a major update:
1. Valuable Features are Slow and Slow to Be Released
It’s essential to make incremental improvements to your software but it’s even more important to provide your users with valuable features. If it takes too long to release your features or your current features are too slow, it’s time to take a hard look at your software. It may need a major update so that features that acclaim your customer can be released in record time and your current features can perform at optimal speed.
2. New Features Take Longer to Estimate
The reality is that as you begin to scale, your software becomes complex. Unfortunately, this often goes unnoticed and causes new features to take longer to estimate as many configurations, settings, and legacy thought processes are intertwined.
3. “If We Knew What We Know Now” Has Become a Commonly Used Saying
The decisions that businesses must make between catering to the current needs of their customers or adopting new innovations and technologies that will fulfill their future needs is known as the innovator’s dilemma.
Don’t fall victim to the innovator’s dilemma and assume that your competitors already know what you discovered because you learned it from them. Ask yourself, “are they going to produce a simpler or better version than you and spend less money to implement it?”
4. Too Many Value Propositions Exist
A promise of value to be delivered is called a value proposition. It’s better to have one solid value proposition that makes your software worthwhile for someone to purchase than to have 10 different value propositions that make your software “almost good enough” to purchase.
Keep in mind that it may take time to uncover that one solid value proposition. Also, 10 value propositions may complicate your software and raise its price and still leave you short of the engagement and revenue needed to grow.
5. Customers Have Developed Into Unanticipated Segments
You may find that some customers use your software for operational management while others use it as an accounting system. Although this isn’t necessarily a bad thing, it may mean that your software has grown into two or more products and keeping them together can lead to unnecessary complexity and a higher cost.
Contact Metisentry Today
If you can relate to one or a few of these signs, it may be time for you to update your software. Metisentry can help you do exactly that. Contact us today for more information. For more information on planning, building, or growing your SaaS app, download our eBook below.