Latest Technology Insights
Stay abreast of what’s trending in the world of software development with our well-researched and curated technology blogs.
Disruptive and customized mobile solutions for all
Let’s build incredible apps together. Talk to an expert now.
Your one-stop web development agency
We cater to businesses of all sizes, types, and industries.
Advanced eCommerce solutions for enhanced shopping experience
Discuss with us for optimal and cost-effective solutions today.
Modern-age solutions for modern you
Expert CRM & ERP consultation is only a click away.
Migrate your offline business to cloud
Look no further; Closeloop houses certified cloud experts.
Empower your business with futuristic technology
Disruptive and customized mobile solutions for all
Modern-age solutions for modern you
Your one-stop web development agency
Migrate your offline business to cloud
Advanced eCommerce solutions for enhanced shopping experience
Empower your business with futuristic technology
Assim Gupta
CEOAssim Gupta is the CEO and Founder of Closeloop, a cutting-edge software development firm that brings bold ideas to life. Assim is a strategic thinker who always asks “WHY are we doing this?” before rolling up his sleeves and digging in. He is data-driven and highly analytical, yet his passion is working with teams to build unexpected, creative solutions that catapult companies forward.
By Brett Martin
Half of the Fortune 500 will be displaced within the next decade.
Depending on the strength of your engineering team, either you see disruptive technology as an opportunity to take market share from competitors, or a threat to your business's survival.
If your company wants to weaponize disruption, rather than be a victim of it, each facet of product development, testing, and deployment will require greater scrutiny and speed.
The convergence and amplification of cloud, virtualization, IoT, big data, and software-defined infrastructure are driving more upgrades in today’s technology landscape than ever.
Still, as Dr. Mik Kersten, CEO of Tasktop, learned, the massive productivity gains promised were not found!
In his book, Project to Product, How to Survive and Thrive in the Age of Digital Disruption, Dr. Kersten describes:
“Top companies are seeing a greater portion of their budgets shift toward technology as market success increasingly is directed by software manufacturing. But, the productivity of software delivery at companies is falling behind that of tech giants. So, the promise of digital transformation is failing to deliver business results."
A huge shift is happening.
For the last 300 years, cheaper production and financing have triggered the explosion of new businesses and the consequent extinction of inefficient businesses.
All major companies are now under sharp pressure to manage complexity, perfectly every time. The past few years have seen an increase in the number and severity of software glitches. These epic software “fails” negatively impact customer satisfaction, public reputation, and business valuation.
One colossal glitch in 2017 caused 1.25 million pickup trucks to be recalled because it caused airbags and seatbelts to fail during crashes!
A computer glitch in their scheduling platform accidentally allowed too many of its pilots to time off the week of Christmas, affecting around 15,000 flights. American Airlines had to pay pilots time and a half wages at the last minute to salvage the error.
Provident Financial – Stocks tank after bug disclosureA UK-based loan company targeting low-income customers suffered a significant software bug. Management admitted the glitch kept the company from collecting debts, resulting in lost revenue totaling $158,256,000. Following their announcement, stocks tumbled $2.2 billion in one day, as 800,000 vulnerable customers were put in financial harm.
Fiat Chrysler – Life-threatening recallFiat Chrysler found itself in hot water after it was discovered code errors temporarily disabled airbags and seat belt functionality in a rollover. After two crashes, one fatal, there was a recall of over one million trucks.
Equifax – Security hack cover-upIn a 2017 data breach of Equifax, hackers managed to steal personal data, including social security numbers and credit card numbers, of 145 million consumers. Public outrage followed the announcement after it was learned that Senior Leaders at Equifax were well aware that 50% of Americans were at risk of identity theft.
Suncorp Bank – Vanishing cashA routine software upgrade caused a malfunction and the disappearance of money from customers’ bank accounts. Additional customer complaints included overdrawn and locked-out accounts.
Bitcoin – Unlimited node crashNearly 70% of the nodes running Bitcoin Unlimited disappeared from the network completely after a software glitch crashed over 100 Bitcoin Unlimited nodes.
(NOTE: Want to take control of your technology? Talk to the CTO in a one-on-one free phone session. De-risk your business outcomes and technology alignment. Get a 6-12-24 month product road map and know exactly what to say to your investors and Board. Learn more here!)
Yes. You can expect success by managing software to success measures of time, budget, and cost reduction. But only if every puzzle piece in a company’s projects fit perfectly with every other piece, AND if all projects get delivered on time and on budget.
For example, Bank of America has hired some 95,000 IT workers (hiring ahead of digital transformation). To its credit, BofA is efficient and creative in using its software to play both offense and defense with disruptors.
But many startups are building and iterating quickly without legacy systems or customers to lose, so smaller companies are disrupting industries ranging from health insurance to cryptocurrencies.
Competitive business leaders avoid negative press attention, angry customers, and frustrated employees by embracing CTO-led software outsourcing.
This is especially important given the increasing prevalence of Agile and DevOps methodologies.
The frequency of change involved in these approaches can’t be handled using traditional account manager- and engineer-run projects without risking an epic software failure.
Waiting to test until after changes have been deployed is no better. A business strategy, in alignment with technology deployment, needs to be checked at the design, development, test, and delivery phases to avoid failure.
One primary reason companies are embracing CTO-led onshore/offshore custom software manufacturing is because it allows them to design defects out at lower costs before projects move to production.
Clearly, cost reduction can be a critical component of transformation. Yet, executives who are measured on the business outcomes below aren’t waiting until something breaks to design and build software right:
Closeloop Technologies custom software solutions support the dynamic and quality focus nature of today’s small and mid-sized companies. You can learn more about lowering the risk of software manufacturing here.
Brett Martin
415.233.0775
Director of Customer Solutions
Closeloop Technologies
Stay abreast of what’s trending in the world of software development with our well-researched and curated technology blogs.
Delivering a software project is a challenging task, and numerous organizations struggle to com…
Enter the world of cloud computing and you're faced with a difficult decision: which platform i…
Are you ready to revolutionize your client service and take your business to greater heights? O…
You've heard the saying, "The customer is always right." But what does that mean for businesses…
CRM (Customer Relationship Management) innovation is a vital aspect of modern business as it he…
Looking to estimate the cost and time needed to complete your next software project? You're in …
Closeloop Technologies believes creativity helps achieve maximum growth in digital transformati…
United States, Dec 12, 2022- Closeloop Technologies, a leading software development company, ha…
Netsuite is a globally recognized business operating platform out-turn the growing companies to…
You may have heard about the benefits of AI in eCommerce, but did you know that AI can also be …
It would be best if you study how to perform quality assurance (QA), regardless of whether you …
Software is running the world. While this claim has been made numerous times before, the import…
Have you ever considered hiring a UI/UX design agency? If not, this blog will tell you all the …
Today, businesses are continuously looking for new methods to remain competitive in the face of…
In this tech-savvy world where everyone is keen to know the latest trends in technology, it is …
In the year 2022, it will be almost impossible to successfully manage a business, either a smal…
Technological advancements significantly impact various business sectors, and financial technol…
Building a successful website from scratch requires a lot of labor and, at the very least, desi…
The perpetual switch from the following technologies makes the business environment much more c…
The Amazon Web Services Certification program helps professionals gain credibility and self-ass…
When it comes to finding love, you don't need to go any further than your cell phone. In today'…
You might think you have plenty of time to figure out the migration to NetSuite, but honestly, …
Music runs through the veins of most people, if not all. It is a significant part of our routin…
The world is progressing towards portable technologies, from mobile phones to remote work, to a…
Technology is a wave: either sail the boat or sink out. The enterprises focused on automating b…
The Internet of Things is another revolution in the technology world, leaving us wondering how …
With about 60% of the global population actively accessing the Internet, people need modern way…
Determining the successful user data interactions and conversations is significant in revamping…
Professor Rana Nayar, a Ph.D. in English, a translator of poetry and short fiction from Punjabi…
Enterprise Resource Planning (ERP) solutions are the lifeblood of a business organization. Nets…
Financial technologies are taking the business world by storm. The changing perception regardin…
In the healthcare sector, a cyclone of technology is impacting thousands of lives today. From A…
In the dynamic world of business applications, one fixed solution for the constantly changing e…
While mobile devices were increasing significantly, the demand for mobile app development servi…
Whether big or small, businesses from different industries and start-up founders are taking cha…
Cloud computing is one of the hottest technologies in this era of digital transformation that i…
We are living in a technology-driven world where almost everything is available at our fingerti…
Customers are the most important part or lifeblood of a business. The way you onboard customers…
To start an eCommerce business that becomes successful, the first step is to develop an enticin…
Fintech or financial technology has become one of the most popular ideas for startups today. In…
Recruiting software is a critical part of Human Resources Management (HRM). Basic functionality…
It can be very challenging and overwhelming to develop technology and software for a non-tech o…
As someone who attends dozens of startup pitches a month, “our product is cheaper” is a phrase …
PACEfunding’s Business Executive Is Shocked When The Vendor He Hired Fails To Deliver The Softw…
The Invisible Crushing Power of Software Why are companies afraid to partner with the vendors …
As my regular readers know, I frequently serve as a panelist in pitch events. Recently, I decid…
As my regular readers know, I frequently serve as a panelist in pitch events. Recently, I decid…
As my regular readers know, I frequently serve as a panelist in pitch events. Recently, I decid…
As my regular readers know, I frequently serve as a panelist in pitch events. Recently, I decid…
MoviePass caused major shifts in the movie industry when they lowered their monthly unlimited m…
There is nothing more tragic than a company with a great product that is hampered by poor user …
One of the most misunderstood fears entrepreneurs and startups have is that investors won’t inv…
I love meeting people who launch startups. Their energy and ambition inspire me. One of my life…
We use cookies to enhance our website, analyze website usage, and capitalize on our marketing efforts. Also, cookies help us to offer you a personalized experience.“Read Privacy and Cookie Policies”
Please enter your email to receive our latest blog in your mailbox.