Technology

What You Need to Know About Software Products and Their Impact in Terms of Types, Features & Benefits

What You Need to Know About Software Products and Their Impact in Terms of Types, Features & Benefits

Think about it, how much software do you use every day? Options: From waking up to sleeping, from work to entertainment, from communication to shopping — you constantly interact with software products that make your life comfortable, be it study, work, or entertainment. In terms of money, this is expressed as follows: in 2023, the global software market reached $1.8 trillion, which indicates the enormous potential that businesses see in it, Grand View Research. Would you like to have a piece of this pie?

“Software is everything that can be changed,” said Edsger Dijkstra, one of the founders of computer science, in his 1972 lecture “The Humble Programmer”. The experience of companies like Temy (https://www.temy.co/), a software development partner for global businesses, elevates the philosophy to the instructions for action: indeed, software is not only code, but also ideas, solutions, innovations that can be adapted to completely different business tasks and customer needs. What soft products do IT software development companies create and how do they help solve customer problems?

The types of programs described below that are developed by IT companies, their features, advantages, and examples of use in different industries will help you navigate the topic so that by the end of reading you will be ready to apply the knowledge gained: turn the idea into an IT product, and the latter into a business.

Types of Software Products

It is based on the idea that a software product is a ready-made IT solution designed to solve a specific problem or satisfy a specific user need. There are many types of software, but all of them can be classified according to the criteria of the technologies used, the functionality performed, platforms (computer, smartphone, tablet, server, cloud, etc.). The most common types of software products are:

Type Functional Examples
Systemic Manage your computer and devices, including operating systems and drivers Windows, Linux, iOS, Android, BIOS, firmware
Applied Solving specific user problems, including text editors, games, antiviruses and others Microsoft Office, Photoshop, GTA, Kaspersky, Skype
Built-in Control of embedded systems in various devices such as cars and televisions ABS, Smart TV, IoT, Arduino, Raspberry Pi
Web Applications Browse the Internet via a browser, including email, social networks, online shopping and more Gmail, Facebook, Amazon, YouTube, Google Docs
Mobile applications Launch on smartphones and tablets, including instant messengers, maps, photo and video editors and others WhatsApp, Google Maps, Instagram, TikTok, Spotify
Cloud services Providing access to resources and data stored on remote servers Dropbox, AWS, Google Cloud, Azure, Salesforce
Artificial intelligence Modeling human thinking and behavior, including recognition and machine learning Siri, Alexa, Face ID, TensorFlow, GPT-3
Blockchain Ensuring a secure and distributed record of transactions and data Bitcoin, Ethereum, Hyperledger, Civic, BitClave

Features

Our partners at Temy emphasize the significance of software features such as reliability, performance, security, usability, scalability, compatibility, flexibility, modularity, support, and updates as repentant. To clarify: 

  • Windows, thanks to regular updates, is reliable
  • Photoshop, due to the use of GPU, is characterized by high performance. 
  • Kaspersky — security. 
  • WhatsApp is convenient; through cloud resources, scalability is a characteristic feature of AWS. 

Google Docs stands out due to its high compatibility, and WordPress, thanks to various settings, offers maximum adaptability to the tasks and needs of users. And finally, about the support service for their products — the high level of this component distinguishes Microsoft, and using the example of Chrome, each user can be convinced the product is up-to-date, as new functions and fixes are introduced. On Product Collective, read more about IT product features, such as functional, non-functional, core, secondary, and augmented.

Benefits

The types of computer program, their functionality, and features — all of this must ultimately be converted into tangible benefits of software products they provide to users. Such benefits include increased efficiency, satisfaction of needs, saving time and money, improving the quality of life and business, and others. The peculiarity of the software is that its quality characteristics can be assessed and measured — read as to prove it — quantitatively in terms of statistics: the number of downloads, reviews, failures, loyalty, clicks, or other targeted actions. Here are some of the most significant benefits of soft products:

Name Description Examples
Automation Replacement of manual and routine processes with programs to increase the speed and accuracy of task completion. Excel for automating calculations and data analysis.
Optimization Improve processes and resources using software products to increase efficiency and quality. Photoshop for image optimization.
Integration Integration and interaction of different programs and data to provide unified access and management of information. Dropbox for integrating files and cloud services.
Analysis Extract, process and interpret data using software to produce valuable knowledge and solutions. Google Analytics to analyze traffic and user behavior on websites.
Innovation Creating and implementing new ideas, products and business models using software products to solve new problems. Uber for innovation in transportation with a mobile app.
Differentiation Differentiate and differentiate products from competitors using software solutions to create a unique offering. Apple with various software products such as iOS and macOS.
Competitiveness Ability to match competitors using software products to achieve market leadership. Amazon with software products such as Prime and Alexa.
Loyalty Increasing customer satisfaction and brand loyalty using software products. Netflix with personalized recommendations and original content.
Reputation Formation and strengthening of the company’s image using software products to create trust and authority. Google with its search engine and other services maintains its reputation as a reliable and authoritative source of information.

Conclusion

The valuable contribution of software products and services, to all areas of modern life cannot be overestimated. Whatever you look at in your environment, from a pocket gadget to the city infrastructure and global information space; it’s all about computer program that helps solve problems and meet the needs of users, increasing their efficiency, saving time and money, and improving the quality of life and business. Behind the interface of software products and services are the unsung heroes — IT development companies like our partners at Temy (https://www.temy.co/). If you want to know more about software products or order software development for your project, contact the professionals in the field, they are happy to help you.