Estimated read time: 3-4 minutes
Utah Tech Labs can help reduce software costs by up to 30% in just 4 months
Regular maintenance is crucial for keeping systems functional, up-to-date, and competitive. Meeting both current needs and anticipating future demands ensures software stays relevant in a rapidly evolving digital world.
Managing software upkeep and its costs is more than just a technical requirement — it's a strategic business priority. In 2022, poor-quality software costs U.S. businesses at least $2.41 trillion, with technical debt alone accounting for around $1.52 trillion. These expenses have a direct impact on productivity, customer satisfaction and growth.
According to Atlassian, small businesses experience an average downtime cost of $135-$425 per minute.
Cost of downtime by industry:
- Media: $90,000 per hour.
- Health care: $636,000 per hour.
- Retail: $1.1 million per hour.
- Telecommunications: $2 million per hour.
- Energy: $2.48 million per hour.
Brokerage services bear one of the highest costs of downtime, reaching $6.48 million per hour, according to Pingdom.
While maintenance and upgrades are essential to avoid these costly disruptions, controlling these expenses is critical, especially in tight budgets. This is where Utah Tech Labs can help. With experience managing enterprise platforms, they developed a proven 10-step process to deliver effective maintenance at a significantly lower cost.
How much does it cost to maintain software?
One of the most common questions for platform owners is maintenance cost. Utah Tech Labs reports its research and experience show that software maintenance varies based on complexity, platform type, user volume, and age. A small business web application with 50,000 active users may cost around $10,000 per month, while a similar mobile and web app can cost roughly $12,000. For enterprise platforms, maintenance can exceed $50,000 per month.
Types of software maintenance
Effective maintenance encompasses corrective, adaptive, preventive, and progressive types.
Corrective: Fixes bugs or defects. If the initial build is buggy, this can consume much of the maintenance budget.
Adaptive: Keeps software aligned with evolving business needs.
Preventive: Prepares for future threats and traffic spikes.
Progressive: Enhances features and user experience, crucial for long-term success.
A Seasoned Development Team
Utah Tech Labs prides itself on its highly skilled and experienced team of app developers, designers and strategists who are passionate about transforming ideas into tangible solutions. With expertise in a wide range of technologies and platforms, they can create and maintain applications for both iOS and Android devices, ensuring widespread accessibility.
Utah Tech Labs features a skilled team of developers, designers, and strategists who bring ideas to life with practical, high-quality solutions. With experience across a range of industries, including healthcare, finance, and e-commerce, its team is adept at creating and maintaining iOS and Android applications for wide accessibility. Notable clients include Aptive, Amber Alert GPS, Adobe, Drift and House of Marley.
Utah Tech Labs take time to thoroughly understand each client's unique needs, ensuring the solutions align seamlessly with their goals and provide maximum value.
Take the next step
Ready to optimize your software for evolving business needs while controlling costs? Set up a 15-minute discovery call with Utah Tech Labs to discuss your project and explore a tailored solution. Visit their website today to get started on your app development journey.
