INDEPENDENT SOFTWARE VENDORS INDUSTRY
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ABOUT INDEPENDENT SOFTWARE VENDORS
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ISV stands for the independent software vendor. The term has historically been used to define companies that are producing intellectual property; service companies with a software product and intellectual property that is part of a larger software ecosystem. For example, in the 1960s, IBM used this term to describe where the company had a lot of software in the finance and banking industry. There were many other smaller software players who wanted to be in IBM’s ecosystem, and this is where the term independent software vendor originates.
The changing market landscape is driving ISVs to undergo a complete digital transformation. But shifting to the cloud and modernising application development comes with several challenges. Maintaining agility, mobility and relevance while ensuring security and compliance is daunting, but achievable with the right solution.
ISVs often face multiple challenges to achieve business growth, operational efficiency, and customer retention. Concurrently, they’re also struggling to keep up with changing industry trends, customer requirements, and budget constraints. Converting to a Software as a Service (SaaS) delivery model requires ISVs to transform their entire business model from end-to-end. It means ISVs have to shift from delivering packaged software to delivering a subscription-based model, and from providing yearly upgrades to more frequent releases. It also entails designing desktop user interfaces to accommodate mobile screens and much more.
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LEADING THE FUTURE
Cloud solutions for Independent Software Vendors (ISVs) Industry
ISVs are driven by competing to achieve prominence in dynamic, rapidly scaling markets. For this to be possible with SaaS applications, it is essential that the right cloud foundations are implemented, to ensure reliable, sustainable services – wherever you need, whenever.
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