HOW CAN THE EXTENSIBILITY OF A PLATFORM BENEFIT A BUSINESS?

6 min read

Many companies of all sizes look for platforms to help them run their businesses by enabling business growth to be able to meet their customers' demands. An extensibility platform can help businesses meet their marketing and sales target and help the company's overall growth. Are you a business owner wondering what a platform's extensibility is?

The extensibility of a platform is the ability to extend and add features to an existing business or platform system without altering the foundation of the business. It can refer to modifying the existing system or creating a new system. A business's extensibility can also involve software's extensibility to stay up to date with changes in the digital world. The extensibility of a platform will help you better serve your customers, and it will help you beat your competitors.

How can the extensibility of a platform benefit a business? Here are a few benefits of the extensibility of a platform.

1. Improves security.

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How can the extensibility of a platform benefit business security? Extensibility of platforms such as software extensibility provides for new updates on software and enhances your business website's security features.

This will help you quickly identify errors and prevent hackers from hacking the business website. Platform extensibility will help put your software security up to date without altering all the other areas in the software, such as accounts or backup.

Since security is a very crucial part of the organization, software extensibility will help you save time that you would otherwise spend updating the system every time a new problem comes in. the new features that you add to the existing software will help you identify errors easily when they occur and enhance the security of the business easily.

2. Improves efficiency.

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If your business software offers expandable features, it can be easy to increase features that will help improve your business's efficiency.

For example, instead of wasting time redesigning your website or software, allowing your platform's extensibility will enable easy system updating without much resources needed. If, for example, your business uses software like a computer to serve customers or record transactions, software extensibility by adding features to the existing features will help your organization serve customers whenever needed.

3. Cost reduction.

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How can the extensibility of a platform benefit a business in cost reduction? The extensibility of platforms will benefit businesses through cost reduction. This is because software development or product development can be very expensive to meet the customer's ever-changing demands.

Product extensibility can also be done without returning to the foundation to create new products. Modifying the existing products by changing a few components of the product and adding what customers really want to experience while using the product helps improve the product easily without actually changing the whole product.

This, in return, saves the business a lot of money they would otherwise spend when developing the product from the beginning.

4. Ability to solve business challenges.

The extensibility of a platform benefits the business by enabling the business to solve the current and ever-evolving problems in the business world. Extensibility of business software, for example, can help the business to solve technological problems such as the security of the customers' information.

With the ever-increasing availability of hacking tools, businesses are facing the challenges of financial and privacy threats. Extensibility will enable the organization to develop system updates that will help protect their customers and financial information from being stolen.

The platform's extensibility can also solve the marketing problems of the business. Today many businesses market their products online. If you do not incorporate online marketing, you might be challenged to grow your business since most customers order things online.

If you expand the marketing of your products by creating a website where you showcase your products, you will be able to reach more customers online and beat your competitors who might need websites.

5. Business growth.

The extensibility of a platform can also benefit your business by enabling business growth and development. If the software is system extensible, your employees can do their jobs fast and efficiently since the software will automatically update itself in the accounts area. If your business uses software like computers to serve customers, there will be a fast serving of customers.

Platform extensibility helps most businesses to grow since there is less cost and an increase in the profit margin. This means that the business's expenses are being cut, and more money flows into the business; hence the business is growing. If customers are being served fast, they are more likely to return; hence the overall business grows.

6. More customers.

If you are wondering how the extensibility of a platform can benefit your business, you should know that the extensibility of a platform has a huge impact on your customers. Platform extensibility enables you to seize more opportunities by enhancing your business's services and products. This is also seen in areas of sales and marketing of the business. If you build on the existing goods and services according to customer's needs, you are more likely to drive in more customers than if you are not.

Platform extensibility helps you expand your customer's demands by providing them with better services than the already existing ones. This can also be done through getting starquix.com, 4imprint & Quality Logo Products promotional services. They provide promotional imprints, which can help you attract more customers. If, for example, your brand sells clothes, you can sell printed shirts that contain your brand's logo to make your brand stand out from the rest; you can also set promotional free giveaways to your customers to encourage them to shop more.

Conclusion

Suppose you are wondering how can the extensibility of a platform benefit a business, the above points should show you that it is time to consider platform extensibility for your business since your business stands to benefit in many areas, including business and customer growth.

I really hope that your time spent reading this article was enjoyable. Please share this and leave a comment below.

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