Industry InsightsTech Talks

What is Enterprise Technology? The Basics

Poppy Higgins
Poppy Higgins
Enterprise technology

Share this article!

Share on email
Share on linkedin
Share on twitter
Share on whatsapp
Share on telegram
Share on facebook

What is Enterprise Technology? The Basics

What is Enterprise Technology? The Basics

Enterprise software is a collection of computer programs that have common business applications, tools for modelling how the entire organization works, and development tools for building applications unique to the organization. The software is intended to solve an enterprise-wide problem, rather than a departmental problem. Enterprise-level software aims to improve the enterprise’s productivity and efficiency by providing business logic support functionality.

What is Enterprise Technology?

Enterprise technology is software that serves an enterprise. The enterprise usually divides its business into various segments, in which software solutions are created for each individual segment. These may be country specific or business-specific segments, but the divisions always include the organization’s primary concern, like sales or manufacturing. When it comes to technology, the most widely used segments are the internet, social media, e-commerce, ERP, apps, video games, and so on. Some segments have their own deployment configurations (examples: channel partners, hospitals, aviation).

What is an Enterprise?

An enterprise has multiple departments for different kinds of work. Each department can use specialized software to solve their own problems. The department-specific software is essential to the core functions of the department. The enterprise system is the software application that runs at the core of the company. Enterprise software is generally accessed by everyone within the company, enterprises have to be extremely careful about how they implement it. It’s important for IT managers to make sure their chosen software has enterprise-level security and can provide the kinds of security measures typically expected of a business app. In any industry, security is paramount.

Why is Enterprise Technology Important?

Organizations that keep their IT infrastructure in house rather than outsourced to companies in the industry are deemed more reliable than the competition. The reason for this is that businesses require more reliable solutions, so investing in IT infrastructure itself can save a company more in the long run. Further, Enterprise-level software offers much more customization options than applications for internal use. Businesses use Enterprise-level software to develop their applications to cater to their specific needs. In recent years, Business-to-Business (B2B) enterprise software development has overtaken its use in production.

What are the benefits of Enterprise Technology?

Enterprise-level software is like a computer in the pocket. Any individual can quickly find information, collaborate, store and analyze company data, access applications, store and retrieve business documents, and more. Enterprise-level software may have many different pieces of business logic, but often has the same underlying business models, like Salesforce or SAP, that allow a single user to perform a multitude of common tasks, such as collecting sales data, determining product delivery dates, sending invoices, etc. Because of the growing complexity and ubiquity of Enterprise-level software, some companies have moved towards a “software as a service” model for supporting the software.

Conclusion

As we head towards 4IR (fourth Industrial Revolution), disruptive technology sectors are growing at a rapid rate, providing ample opportunity for innovative entrepreneurs to create scalable startups. Investors are deploying serious capital in these verticals, many venture capitalists are focusing on tech-driven startups. Founders of tech startups are receiving funding, provided they are connecting with the right investors for their startup at the right time.

Planning your fundraise? 

Get Matched

Sign up now and get the latest updates on investor preferences and access to our fundraise toolbox, full of helpful tips

We care about protecting your data. Here's our Privacy Policy