Why Extensibility Matters?
As your product scales, users demand features, integrations, and customizations you never anticipated. Do you rebuild from scratch? No. This is where extensibility shines.
Extensibility is your software's ability to grow, adapt, and evolve without rebuilding the core, like adding rooms to a house instead of moving every time you need more space.
For companies, it means faster innovation and lower development costs. For users, it means products that mold to their needs, boosting satisfaction and loyalty.
From Internal Developer Platforms and Product Discovery Platforms to Ecosystem Platforms with plugin marketplaces, SDKs, and APIs - extensibility unlocks new ways to add value and drive innovation.
Faster, safer
time-to-market
When it comes to product development, speed is everything. Research has shown that
companies with faster time to market (TTM) enjoy clear advantages in terms of market share, revenue, and
sales growth. By establishing a faster and safer way to bring new ideas to customers, companies can reduce
the risk of expensive, time-consuming product development cycles.
Protect core systems
As companies evolve, they often find themselves with a set of stable core systems
that are crucial to their success. However, as they innovate and grow, they also introduce more complex,
dynamically changing aspects that can cause headaches and disruptions down the line. That's where
E11Y comes in.
Access to global talent
The tech industry is growing at an unprecedented rate, and the demand for skilled professionals is higher than ever. In fact, a recent study found that the demand for tech jobs in June 2021 was 42% higher than it was at the same time in 2019. E11Y helps companies assemble the right team for the job, whether for short-term projects or long-term partnerships.
Security practices and governance
Well designed E11Y approaches improve Security practises through clearer contracts between services and well-defined Governance models, workflows, auditing and reporting.
Improve stickiness and reduce churn
If generating new customer value through new feature developments, integrations into existing tools and workflows is key to retention then E11Y-first approaches are an ideal strategic investment at any stage.
Customer perceived value
The more you can solve specific customer problems, the greater the perceived benefit of your solutions to your customers. With E11Y, product teams work more efficiently and ecosystems are empowered to solve community-wide problems. Customers with specific challenges can even solve their own feature gap needs.
Product performance & reliability
By abstracting experimental features to the E11Y layers, core teams improve their chances of maintaining and optimising performance and stability of the services.
Culture of innovation
E11Y-first approaches unlock multiple new channels for internal and external innovation. Hackathons and Hackdays, design challenges, innovation stimulus funds, accelerators and incubators.
ROI from solving customer problems
When the cost of development and shipping new features is drastically reduced, it stands to reason that there is a greater return on investment for product teams that are solving more and increasingly niche customer problems.
