Welcome!

Java IoT Authors: Zakia Bouachraoui, Elizabeth White, Liz McMillan, Pat Romanski, Yeshim Deniz

Related Topics: @CloudExpo, Java IoT, Agile Computing

@CloudExpo: Article

Evaluating a Software Asset | @CloudExpo #Cloud #DigitalTransformation

How to evaluate a software asset for the future

Are you evaluating a software asset for a  potential purchase, investment, decision making for the future, possible termination, etc? Here are some questions you should consider:

1. Is this a revenue generating asset? How much revenue does it generate? - Establishing the true business value of a software asset is a critical piece of the evaluation process.

2. Is this a cost saving asset? How much cost does it save? - While cost-saving measures can indeed be a viable goal, it is important to understand the true cost savings: time, money, and any future versions necessary.

3. Does this asset have some other value? What is its value? - If you are evaluating this asset beyond business value, project leaders must discern exactly what that additional value may be.

4. How many clients use this system? How many users do I have?  How do I value each client/user of the system? - If your software asset is used by a large number of your clients, you should consider how any updates or changes will affect those users in the future.

5. What was the cost of supporting (maintaining, fixing, basic feature addition, deploying, patching, etc.) the application for the last year? What does it cost to keep the users happy? - This question is about more than just keeping it running; it forces project managers to take a holistic view of the development process.

6. What is the state of the core and non-core technologies built into the application? Will the technologies be supported in the future? How long will that support last? - We all know how quickly technology can ebb and flow. While it is nearly impossible to always predict the next big shift, you should always keep an eye toward trends to ensure you're not caught unaware.

7. What is the future cost of maintenance? Will there be developers who can work on this technology? How much time will it take to fix things? - Additionally, you must take into account whether or not you have the time, money and personnel to stay on top of any maintenance needs so that your users don't suffer from any lags in updates.

8. Will we need to rebuild this application in the future? Will the application scale up if the user base grows? - Unfortunately, application rebuilds are a fact of the technology life we've chosen. However, while that task may seem daunting, it can often mean that your business has grown, and along with it, your user base. Plan for this.

9. What is the cost of downtime should the application be offline? Do I have a contingency plan if the software is offline? - Things happen. Connections are interrupted, and bugs pop up. Take into account any potential time the application could spend offline and know exactly how it will affect you and your users, and what your plan is in the event it happens.

10. How secure is the application? What kind of data does it store? If that data were exposed what would the cost of that be? - Don't be a statistic. Daily news is rife with stories of data breaches. Taking extra time to consider security on the front end will pay dividends down the line.

A code audit can't answer all of the above questions, but it can help you get started with understanding what you have, so that you can make the best-educated decision possible on how to move forward.

More Stories By Jonathan Fries

With extensive management and development experience, Jonathan has developed a skill set which makes him the ideal person to oversee all of Amadeus Consulting's software development, app development, and software support teams. He enjoys working directly and indirectly on projects to ensure that they ship to the marketplace and achieve the client's vision.

IoT & Smart Cities Stories
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...