The Benefits of Application Lifecycle Management in Business
What is application lifecycle management (ALM) and why is it important
Nowadays, development teams, stakeholders, and customers may require projects and apps in a matter of days or weeks. And with so much on their plate, it can be easy for teams to lose track of progress or experience unforeseen delays. This is where application lifecycle management (ALM) software comes in.
For the uninitiated, ALM is a key piece of software for businesses that works to integrate people, processes, and tools so that the process of software development becomes seamless. In fact, the demand for talented workers with experience in using ALM tools is steadily growing, with statistics gathered by Maryville University predicting that 632,400 jobs will be created in business operations from 2014 to 2024. Evidently, the ability to track changes and new developments is vital for business to succeed that carry out a series of product lifecycles.
What are the benefits of application lifecycle management (ALM) tools
- Helps businesses plan and organize for the future Firstly, ALM helps businesses plan by allocating the necessary resources to various projects when needed. Gaining greater insight into day-to-day activities is vital for everyone involved in the app development process. From business analysts to testers and developers, knowing exactly where the product is at each stage of the cycle is necessary to detect any defects and validate pre-existing work. Any data collected will also help you assess gaps in current employee performance, which ties in with Forbes’ suggestion to conduct a needs assessment in order to help you meet future targets.
- Enables visible collaboration and accountability between teams Every step of the way, ALM software tracks changes and encourages everyone to keep an eye on the process of software developers. For companies that have teams in multiple locations, this tool comes in handy because it enables the real-time tracking of any requirements, changes, and strategies associated with each individual project. As a result, it’s easier than ever to collaborate between teams. Now that a recent survey from the International Workplace Group found that that 74 percent of respondents reported that flexible work locations have become the “new normal”, it’s more important than ever to keep everyone updated and on track.
- Boosts employee satisfaction and productivity Because ALM software leads to better time management and allows you to track business objectives, this leaves your employees more energized and productive. For instance, automated features — such as running performance tests — get rid of the previously time-consuming task of having to run manual tests. Like Entrepreneur’s article on job satisfaction states, “happy employees are more loyal to the company and its objectives, they go the extra mile to achieve goals and take pride in their jobs, their teams, and their achievements.” As a result, investing in this software can lead to an overall increase in employee morale and dedication.
- Leads to better decision-making Lastly, effective decision-making is an integral part of any business. Having the ability to keep track of projects enables you to see if targets are attainable within prescribed deadlines. Furthermore, the ability of ALM software to help you with conducting risk analysis for every app can prevent you from making costly mistakes in the future. According to Inc’s guide to decision making, time is of the essence when making decisions. “Ultimately, what drives business success is the quality of decisions and their implementation,” and ALM software can help you do just that. At the end of it all, ALM software has countless benefits for your business. It can help boost profits by helping you produce streamlined apps, promote swifter and more accurate planning, improve teamwork and productivity, and provide you with key insights into your business practice. All you need to do is give it a try.
About Visure Solutions
Visure requirements ALM platform is a comprehensive and collaborative platform that includes full traceability, tight integration with MS Word/Excel, risk management, test management, bug tracking, requirements testing, requirements quality analysis, requirement versioning and baselining, powerful reporting and standard compliance templates for ISO 26262, IEC 62304, IEC 61508, CENELEC 50128, DO-178B/C, FMEA, SPICE, CMMI, etc.
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Written by Byford Jaxen