Welcome back to “Ask ORIL,” our ongoing Q&A series aimed at addressing the queries of our clients and those keen on our software development expertise. We appreciate your continued engagement. Whether you’re in search of insights or guidance, keep the questions coming, and we’ll ensure they’re answered.
1. Why can software development costs be high?
Software development costs are determined by the hourly rate of the developers, the chosen technology stack used, and the complexity of the desired product. For instance, custom software tailored to specific business needs is generally more expensive than generic solutions. Crafting a simple app for one platform will typically be more cost-effective than developing a cross-platform app compatible with Android and iOS.
Other factors influencing the software development cost include the intricacy of UX/UI design elements, the complexity of the back-end infrastructure, and the need to integrate various APIs. Specific features like geolocation, mapping, and payment methods can increase overall expenditure.
Additionally, meeting high standards of product quality or adhering to regulatory compliance (like GDPR, etc.) often requires more time, professionals, and advanced tools. This investment in talent, technology, and development time is crucial for ensuring the product’s quality, and land user satisfaction.
2. Why do different tech companies provide varying estimations?
Every tech company has its unique approach to software development calculation and will provide you with different cost estimates.
Before embarking on a project, our first step is interviewing clients to understand their business needs and expectations. This allows us to create product requirements and determine the number of specialists and time the product will be developed. We also consider any additional costs, such as ongoing support.
To Sum Up
By performing in-depth analysis and offering clear information about a project’s budget, we provide our clients with a valuable benchmark to compare estimates from other technology partners and ensure the best possible output for our clients.