For every $1 billion invested in projects, businesses waste $97 million because of poor project performance. This should scare small businesses with scarce extra cash: Can you afford to waste 10 percent of your project budget on inefficiency?
Now for the good news: Project Management Institute (PMI) reported last year that more project managers met their initial goals and completed work within budget for the first time in five years. PMI cited the growing use of Agile within organizations as a factor in this rise of successful projects.
The United States is the only country in the developed world —and one of only four in the world— that doesn’t have any kind of paid parental leave policy.
The situation doesn’t look good on a world stage.
Let me guess: the app your small business recently developed was flawless like a diamond, under budget, and, of course, delivered well ahead of schedule. App development challenges? Your team of da Vinci(s) never heard of them. Uncork the champagne —you deserve it.
What a dream! But the truth is app development challenges are problems every business struggles with. Smart businesses use these to their advantage: the app development challenges you face can tell you important insight about your business, and you can use this information to improve. Take, for example, one of the most common app development challenges today, keeping up with demand.
According to Gartner, market demand for app development will grow at least five times faster than IT’s capacity to deliver it through 2021.
The use of drones in industries such as shipping and agriculture has become pivotal to certain business functions, having been able to nimbly fill in the gaps where businesses were struggling to adapt to new challenges—challenges that include the use of the appropriate technology to address business barriers.
If you’re currently trying to grow your customer base, you’re not alone. A recent Gartner survey on the top tech trends for SMBs shows that one of the biggest business goals for 45 percent of small businesses is to grow their custmer base.
The big challenge is knowing how to do it. (more…)