Top 8 Ways To Enhance ROI of Your Enterprise App

8 months ago
Top 8 Ways To Enhance ROI of Your Enterprise App Image

When optimizing your enterprise app’s return on investment (ROI), there is no one-size-fits-all approach. Each business has unique goals and objectives to consider when creating a successful app. However, some key strategies can help any business maximize ROI for an enterprise app.

In this article, we’ll discuss the top eight ways to enhance the ROI of your enterprise app and drive success for your business. From identifying your goals and understanding what you aim to achieve with the app to creating an attractive user interface and gathering customer feedback, this guide will equip you with all the tools you need to ensure maximum success with your enterprise app.

Definition of Return on Investment (ROI)

Return on investment, or ROI, is the gain generated from an investment. ROI calculations estimate how many dollars you will receive in return for each dollar invested. For example, if you invest $25,000 in enterprise app development and generate a profit of $50,000, your calculated business ROI is 200%.

ROI helps business owners understand how well their investments are performing so they can make more informed decisions about where to allocate resources. In addition to increased profits, other benefits of implementing ROI business strategies may include reduced expenses or intangible outcomes such as brand awareness and operating efficiencies.

Benefits of ROI for Your Enterprise App

When it comes to enterprise app development, ROI is instrumental in achieving goals quickly. Using data collection tools, you can gain insights into customer journeys that will enable you to optimize user experiences while driving costs down.

Increase ROI With These Strategies for Enterprise Apps

Creating an app is only the beginning of the journey. Enterprises must focus on increasing software ROI through continuous iteration and improvement to maximize each app’s potential.

Here are the strategies that can help enterprises increase mobile app ROI:

increase roi with these strategies for enterprise apps

1. Identify Your Business Goals

As a business owner or operator, consider how the mobile application will meet user needs and ultimately help you reach your desired outcomes. Whether it’s increasing customer engagement or improving business operations, your goals and mobile app strategy should be clear from the outset.

Furthermore, your objectives should be measurable, achievable, and time-bound so that you have tangible ways of tracking progress and measuring ROI. By taking the time upfront to identify and set realistic goals related to ROI, you can ensure that you’re building an application that serves both users and your bottom line.

2. Measure Performance & Analyze User Behavior

Measuring performance and analyzing user behavior is crucial to any successful enterprise app strategy. It allows you to identify growth opportunities and ensure that your app meets the needs of your users—driving engagement and ultimately delivering increased ROI for your business.

Understanding what metrics matter most is a crucial aspect of seeing tangible mobile app ROI. At its core, metrics must look beyond the surface of conversion rates and provide a deeper understanding of user behavior—how they interact with your app and what areas could use improvement. Understanding what drives performance and engagement will help determine where to direct your resources for maximum ROI.

For example, churn rate can have a direct impact on ROI. Conversely, improving user retention rates by just 5% can produce a 25% to 95% increase in profits and reduce operational costs associated with serving customers.

3. Keep Iterating

One key to delivering ROI with an enterprise app is to keep iterating. Enterprises should regularly evaluate the app’s performance, user feedback, and business needs to identify improvement areas for future development. Constant iteration and improvement of the app ensure that it remains relevant and continues to deliver value to its users.

Enhance App Features

As the business landscape evolves, enterprises must adapt their apps to meet changing needs. By regularly assessing which features resonate with users and which need work, you can better tailor the experience to meet their needs. This will help you achieve your desired ROI and ensure that customers remain satisfied over time.

social media: holding phone with instagram login

Social Media Integration

Social media platforms are an integral part of modern communication and marketing. Enterprises must integrate social media features into their mobile app to leverage this powerful tool for engaging with customers, promoting their brand, and driving sales conversions.

Add Interactive Technology

Interactive technology, such as 3D visualizations, augmented reality, and virtual reality, can provide a unique and engaging user experience. Enterprises can leverage these technologies to showcase their products and services, provide interactive training, and create immersive marketing campaigns.



For example, the free Explore Orion mobile app developed by InspiringApps offers a stunning 3D model, an interactive timeline, a video library of content, interactive trivia—and the ability to send messages to the Moon. The app’s immersive, content-rich user interface shows Lockheed Martin’s historical brand legacy as a leading pioneer in deep space exploration. The in-app experience links the overall brand to help meet key business and marketing goals.

Monitor Progress & Make Adjustments as Necessary

Finally, don’t forget that successful enterprise apps require ongoing maintenance to remain competitive in today’s market. You can ensure your business maintains its edge over time by staying up-to-date on trends, customer demands, and industry best practices.

For example,InspiringApps was tasked with improving existing features, adding new features, building new product lines, and providing continued maintenance for Artifact Uprising, an application that already had a large established user base. The award-winning app expanded to meet the ongoing demands of increasing complexity. In only its second year, the mobile app generated 16% of company revenue.

Artifact Rising app phone closeup

4. Create an Attractive User Interface

As a business leader, you understand the importance of creating an attractive user interface for your enterprise applications. The look and feel of your app is an integral part of the customer experience and plays a significant role in determining whether or not app users will come back again.

Ensure Smooth User Interaction

A smooth and intuitive user interface (UI) and user experience (UX) can make all the difference in user adoption, customer retention, and satisfaction. Enterprises must prioritize UI/UX design to ensure the app is user-friendly, easy to navigate, and visually appealing.

To ensure success, it’s essential to focus on three key aspects when designing your user interface: usability, aesthetics, and functionality. You want to ensure that users can easily navigate the app without feeling overwhelmed or confused. Additionally, it would be best to create an aesthetically pleasing interface that resonates with its intended audience. Finally, ensure all features work as they should to guarantee customers the best possible experience.

Invest in a Professional Design Team

It’s important to remember that the look and feel of your app will play a prominent role in determining its success. A great design team will integrate within the entire app development process, ensuring that your app’s user interface is attractive and functional, providing customers with an easy-to-use experience they’ll want to return to. Investing in the right design team can be the difference between an average ROI and something extraordinary—so we recommend that business owners don’t skimp on this crucial step.

cross-platform apps: apple and android icons outlined

5. Ensure Consistent Quality Across All Platforms

Ensuring consistent quality across all platforms is critical for business enterprises striving to maximize the ROI of their digital platforms. After all, if customers have a poor experience on one platform, it can quickly lead to negative reviews and decreased customer loyalty.

Cross-Platform Development

With the rise of multiple mobile platforms, enterprises must ensure that their app is available on multiple platforms to reach a broader audience of potential customers. Cross-platform apps can increase ROI by reaching more users and providing a seamless experience across different mobile devices.

At InspiringApps, we believe that no matter what device a user uses, they should have the same great experience. Our app developers and designers work to ensure consistency in app design from one platform to another. That way, our customers can be sure they’re providing their customers with the same great experience regardless of which device they’re using.

We create an environment where users are free to explore without worrying about inconsistent experiences across devices—ultimately leading to a loyal customer base and higher returns for everyone involved.



For example, partnering with Fidelity National Financial, InspiringApps helped design and build web, Android, and iOS versions of the inHere® cross-platform app, which has helped over a million users keep their financial futures secure. InspiringApps created an enterprise solution that feels comfortable for users, no matter which platform or device they choose:

  • Our mobile and web teams worked closely to ensure feature parity, delivering a unified solution across Android, iOS, and web browsers.
  • Our design teams reimagined the experience across various device sizes—from phones to large desktop displays.
  • And then, our development teams brought those designs to life using a variety of programming languages and tools—each best for the platform in question.

6. Gather Feedback From Your Customer Base

Your customers are the people who use and interact with your app daily, and they can provide invaluable insights into how you can improve user experience and increase customer satisfaction. By taking the time to understand your customers’ needs and wants, you’ll have the opportunity to create an enterprise app that truly stands out in the market.

At InspiringApps, we believe getting customer feedback is one of the most critical aspects of creating revolutionary products. We understand that incorporating customer feedback into our designs and processes can create something remarkable—an enterprise app that exceeds expectations and provides users with an unforgettable experience.

That’s why we recommend taking a three-step process when gathering feedback from your customer base:

  • Listen to what your customers are saying.
  • Ask for their input on specific topics.
  • Allow them to act on their feedback by providing easy ways to submit suggestions and comments.

app security: colorful padlock graphic

7. Enhance Compliance & Security

Mindful Data Collection

Data collection is crucial for enterprises to gain insights into user behavior, preferences, and needs. However, it is essential to be mindful of data privacy and security. Enterprise mobile apps must include measures to ensure that data is collected securely and ethically and that users know how it is used.

Strengthen Security

A security breach can be extremely costly. With cyber threats becoming more prevalent, security is critical to mobile app development. Enterprises must prioritize security measures such as encryption, two-factor authentication, and secure data storage to protect sensitive information in business apps.

8. Offer Scalability & Speed

“What does scalability mean? It’s the ability to grow your system in a targeted way. It can be about handling more users, more orders, increasing speed, or performance. It can also be behind the scenes: scaling up your ability to bring on more developers, scaling up the automation or breadth of your coding and deployment pipelines. So you can spend more time solving business problems.”

—JOHN SANDOVAL, LEAD WEB ENGINEER | INSPIRINGAPPS, BOULDER CO

Mobile users expect fast and responsive apps. Enterprises must optimize the app’s performance and reduce load times to provide a seamless user experience. This can be achieved through caching, minimizing network requests, and optimizing images.

Enterprises must ensure that the app can handle increased traffic and usage as the user base grows. Scalability is critical for the app’s long-term success, and enterprises must plan and prepare for future growth.

 

“InspiringApps has been an important partner for us for over three years. They helped us create multiple enterprise apps and continue to work alongside us to make enhancements to them as our needs evolve.”

HEAD OF IT, MOLSON COORS INTERNATIONAL

Concluding Thoughts: Business Strategies, Enterprise Apps & ROI

Optimizing an enterprise app’s ROI requires a customized approach considering each business’s unique goals and objectives. However, specific strategies can help maximize ROI for any enterprise app.

Effective strategies include identifying business goals that are measurable, achievable, and time-bound, measuring app performance and analyzing user behavior, iterating the app to ensure it remains relevant, creating an attractive user interface, ensuring consistent quality across all platforms, integrating new features, adding interactive technology, and monitoring progress while making necessary adjustments.

By following these strategies, enterprises can create successful apps that drive engagement and ROI while delivering user value.

Download our free development guide

In How to Design Digital Products for Every Generation, we share practical takeaways for any company looking to create a successful digital product—with audience strategy on designing for each generation and designing for all.
Recent Posts

Digital Product Development

Apple TV: The Unsung Hero of Digital Signage

In developing digital products over the past 15-plus years, we’ve seen a lot of technological trends come and go. But Apple TV is one platform that has consistently flown under the radar yet proven its mettle. The way we communicate with our audiences is constantly evolving. Traditional static signage is losing its edge, and businesses are seeking dynamic, engaging solutions for digital signage. Enter Apple TV — this little box packs a serious punch. Digital Signage Powerhouse With Apple TV, you can develop custom digital signage solutions that blow the competition out of the water. From the user interface to the content you display, custom Apple TV solutions enable you to create a digital customer experience that elevates your brand. These configurations connect seamlessly with your existing data sources, ensuring real-time information and a dynamic display that reflects your unique needs. And you maintain control over your digital signage network remotely. Innovative Use Cases Take the example of the commercial solar power client we worked with. Their car dealership customers want to showcase the real-time solar power production of their rooftop installation to demonstrate the dealership’s commitment to clean energy when selling to EV buyers. We designed and developed a sleek, unattended kiosk application that runs on Apple TV and displays this information in a visually stunning, dynamic way. We’ve seen Apple TV powering interactive digital signage in restaurants, showrooms, and even corporate offices. The opportunities for creativity and customization are often untapped. Apple TVs provide the flexibility to create engaging experiences for any industry. Dynamic Data Integration Custom Apple TV configurations go beyond displaying static images. Digital signage via Apple TV seamlessly connects with your data sources, allowing you to showcase real-time information like sales figures, energy production, or appointment wait times in healthcare facilities. Imagine stock tickers updating in real-time for financial institutions or dynamic restaurant menus that adjust based on current ingredient availability. Interactive Experiences Engage your audience with interactive elements. Customers in showrooms can use their smartphones or tablets to trigger augmented reality displays on product displays, revealing detailed specifications or 3D models. Employees can interact with digital wayfinding systems in corporate offices to find meeting rooms or navigate the building. Content Personalization Target your message to reach a specific audience based on demographics or real-time data. Imagine retail stores displaying personalized promotions to customers using their loyalty cards or healthcare facilities providing targeted information based on a patient’s specific needs. Internal Communication Boost employee morale and keep your workforce informed with real-time company news, updates, and recognition programs displayed on lobby screens or breakroom TVs. Or, streamline the onboarding process and provide ongoing training opportunities with interactive video tutorials and presentations accessible on demand. Security Features When showcasing sensitive information, security is paramount. Apple TV boasts a robust security foundation with features like app sandboxing and regular updates. Custom development allows us to build upon these strengths and tailor security measures to your needs. Client Recognition InspiringApps’ client, Freedom Solar Power, is a company dedicated to sustainable energy solutions. Their innovative ‘Power Window’ Apple TV app was featured in Toyota’s booth at the 2024 National Automobile Dealers Association (NADA) trade show in Las Vegas as an important component in meeting Toyota’s 2050 Environmental Challenge. Digital Signage for All As veterans of digital product development, we see Apple TV as the unsung hero of the digital signage world. If you want to elevate your organization’s visual communications, you might look closer at this little powerhouse. With Apple’s continued investment in the tvOS platform, we’re confident that we’ll see even more innovative use cases emerge in the years to come.

1 month ago

Business & Strategy

From Frustration to Funding: Your Guide to Launching Your Dream App

Originally published: February 2018. Updated: April 2024. You’re scrolling through your phone, desperately searching for an app that solves a nagging problem. Maybe it’s finding a reliable babysitter at the last minute, splitting a restaurant bill with friends seamlessly, or finally organizing your ever-growing to-do list. But every app you find falls short. “There has to be a better way,” you think. That’s the spark of a brilliant app idea! But then reality sets in: how do you turn that spark into a reality, especially when funding feels like a major hurdle? Entrepreneurs take note: Hold on to your fantastic app idea! This comprehensive guide equips you with the knowledge and resources to navigate the app funding landscape and turn your app dream into a thriving mobile application.  Before We Dive In: Building a Strong Foundation Two key elements, the minimum viable product (MVP) and business plan, will be your cornerstones for attracting investors and securing the capital to launch your dream app. Before we delve into the various funding options, let’s solidify the foundation of your app’s success. The MVP Advantage Many successful apps started as an MVP. This basic version focuses on core functionalities that solve your target user’s problem. The MVP allows you to test your concept with real users early and often. This valuable feedback helps you refine your app and ensure you’re building something people actually want before sinking a ton of money into development. Business Planning: Craft a Compelling Roadmap Having a solid business plan is crucial for attracting potential investors and securing app funding. It demonstrates your understanding of the market, your competitive advantage, and how you plan to turn your app into a sustainable business. Essential sections include: Executive Summary Market Analysis Competitive Analysis Product Description Marketing & Sales Strategy Management Team Financial Projections Many online resources are specifically designed to help entrepreneurs write business plans. Check out SCORE (https://www.score.org/) or the Small Business Administration (https://www.sba.gov/) for free templates and guidance. App Funding Options for Aspiring Entrepreneurs Having a brilliant app idea is just the first step. Transforming that idea into a reality requires funding. This section will equip you with a clear roadmap to navigate the diverse financing landscape for app development. We’ll explore various options, from bootstrapping with your own resources to attracting external investment. By understanding the pros, cons, and ideal scenarios for each approach, you can make informed decisions to secure the capital needed to launch your app successfully. 1. Bootstrapping: Building Your App on Your Own Terms This is where you use your own resources to fund development. It might involve dipping into your savings, taking on a side hustle, or bartering your skills for services you need. Bootstrapping offers complete control over your business but requires careful budgeting, resourcefulness, and a willingness to wear many hats. Here are some tips for successful bootstrapping: Prioritize ruthlessly. Focus on developing the core functionalities that deliver the most value to users and postpone fancy features for later. Embrace open-source tools. Many free and open-source development tools and libraries are available to help you build your app without breaking the bank. Consider a side hustle. If your budget is tight, a side hustle can provide additional income to accelerate development. 2. Friends & Family: Your First Cheerleaders (and Maybe Investors) Your friends and family can be a fantastic source of early-stage app funding, especially if they believe in your vision. However, it’s crucial to approach them professionally. Communicate your vision and investment goals. Create formal agreements outlining the terms of the investment,  including the amount of funding, repayment terms, and ownership stake. This protects everyone involved and avoids misunderstandings down the road. 3. Crowdfunding Platforms: Unleashing the Power of the Crowd Sites like Kickstarter and Indiegogo allow you to raise capital from a large pool of online contributors. These platforms offer a unique opportunity to gauge market interest in your app before launch and potentially secure app funding from early adopters who are excited about your idea. Here are some key considerations for crowdfunding success: Craft a compelling campaign. Hook potential backers with a captivating video and story that showcases your app’s value proposition and potential impact. Be transparent about how you’ll use the funds raised. Offer enticing rewards. Incentivize backers with tiered rewards that offer early access to the app, exclusive features, or branded merchandise. Be a marketing machine. Use social media, online communities, and relevant blogs to spread the word about your campaign. The more people who know about your app, the higher your chances of reaching your funding goal. Remember: There’s no one-size-fits-all approach to app funding. Consider the stage of your idea, your comfort level with risk, and the amount of funding needed when deciding which option is best for you. App Funding: Setting Realistic Expectations Be prepared! Launching a successful startup requires hard work, perseverance, and a bit of luck. Unfortunately, many app ideas don’t make it to market. Here’s a reality check: Market Research Is Key Don’t just assume your app idea is brilliant. Conduct thorough market research to understand your target audience, existing competitors, and potential challenges. Focus on Value What unique value proposition does your app offer? Why should users choose yours over the competition? Define Your Target Audience Who are you building this app for? Understanding your target market demographics, needs, and behaviors is crucial for success. Success Rates & Challenges  While success stories abound, it’s important to acknowledge the competitive nature of the app market. Statistics show that only 10% of startups succeed [insert source here (optional)]. This emphasizes the importance of a solid foundation, a well-defined target audience, and a clear understanding of your challenges. Each funding option comes with its own set of challenges: Bootstrapping: Requires financial discipline and may limit the scope and functionality of your initial app. Friends & Family: Potential for strained relationships if things go south. Ensure clear communication and have ironclad legal agreements in place. Crowdfunding: Reaching your funding goal can be difficult and requires effective marketing. Beyond the Basics: Exploring Additional App Funding Options As your app evolves and gains traction, you can explore additional app funding avenues: Angel Investors These are high-net-worth individuals who invest their own money in promising startups. They often provide valuable mentorship alongside funding but expect a significant ownership stake in your company. Venture Capitalists Venture capitalist (VC) firms invest larger sums of money in startups with high growth potential. Securing VC funding is a significant accomplishment but often requires a more developed business plan and a proven track record. App Funding: The Path Forward Each funding option has its pros and cons. Carefully consider your needs and priorities before pursuing a specific type of app funding. By incorporating these actionable tips and realistic expectations, you’ll be well on your way to transforming your app dream into a reality.

1 month ago

Blog Categories
App Design
App Marketing
Business & Strategy
Client Projects
Culture & Innovation
Digital Product Development
Digital Products
Events
InspiringApps News
Mobile Industry
Technology
Webinars