SoftKraft Blog

We continuously learn new things and share those things with you here

4 Steps to a Successful Digital Transformation Strategy

Digital technologies have taken over our lives on many levels. We hear about digital technologies, digital data, digital media, digital transformation, digital marketing. Following this lead, make digital transformations in our opinion have a huge impact on the future of many companies. But what exactly the digital transformation is? And why having a digital transformation strategy is important?

it staff augmentation

6 Ways to Scale Fast – Software Team Augmentation

If you're a product manager struggling to fill a skill gap on your software development team, you're not alone. In fact, according to a recent study, the average cost per hire for an engineering position is nearly $4,700. What's more, it takes on average 58 days to fill an engineering position. Staffing full time software developers isn’t cheap - and it isn’t fast either!

software product development

Estimating Software Projects — Agile vs Traditional Estimates

Estimation can be a tricky part of any new software initiative. Provide an estimate which is too high and your project may be cancelled before it even begins; estimate too low and your project has the risk of failing or being highly stressed due to perceived cost and time over-runs. If the project in question is a capital outlay on a new warehouse or improved machines in the factory, accurate estimates can often be prepared quite easily, as these are highly repeatable, low complexity initiatives where indicative costs and timescales can easily be stated.

software development

CTO Performance Metrics — Measuring Startup CTO KPIs

Performance metrics are essential tools that help leaders focus their teams and resources on important core business areas. CTO deals with all the tech needs of a company by ensuring the controlled use of resources while aligning tech with the broad vision of the company. Evaluating CTO performance strongly depends on overall business metrics. In this article we will present qualitative startup CTO KPIs.

software development outsourcing

Insourcing vs Outsourcing: 6 Key Differences and Case Studies

One of the most critical decisions to make when starting a software development project is whether to insource or outsource. This decision factors into account cost, timeline, and work quality. In this article, we want to give you a complete overview of Insourcing and Outsourcing. Find out what both methods are and which one is best for your project.

data engineering

Python for FinTech — FinTech Projects and Use Cases

FinTech is a combination of the terms "finance" and "technology." It refers to any business that leverages technology to improve or automate financial services and operations. Python comes in handy in a broad range of FinTech use cases. Its clear programming language syntax and amazing ecosystem of tools make it one of the best technologies.

software product development

SDLC vs STLC: What's the Difference?

Although similarly named, the Software Development Life Cycle (SDLC) and Software Testing Life Cycle (STLC) are two separate and distinct processes for ensuring success within software delivery projects. Let’s take a look at how you can get the best out of both of these for your software delivery project:

software development outsourcing

Staff Augmentation vs Managed Services — What, When & How?

IT projects outsourcing is often delivered as on-demand staff augmentation. In this model you are in charge and decide what to do, how, and when to do it. This requires that you have an existing leadership structure on your side. When it comes to Managed Services, the part where you take over the whole process is far more limited. You can focus on your company operations and you can be sure that the IT services you need are handed off to the provider.

software development contract

15 Software Vendor Interview Questions [Procurement Guide]

So, you’ve decided to outsource your software development. Congratulations! You’ve just made the first step towards the implementation of an awesome new software project, and now it’s time for phase two: finding the right software vendor. This is another crucial stage of the process. The vendor that you choose has the potential to massively increase the quality of your project or be a factor behind its failure! It goes without saying, therefore, that plenty of time and focus should be spent on this part of the development lifespan.

data engineering

How is Python Used in Finance? — Python Applications in Finance

The finance sector is evolving daily, and now financial institutions are not only concerned with finance, but also with technology as an asset. Technology provides a competitive advantage as well as increased speed in the rate and frequency of financial transactions by financial institutions, among other things. Python is the most popular programming language in finance. Because it is an object-oriented and open-source language, it is used by many large corporations, including Google, for a variety of projects.