Are you familiar with the fact that picking the right technology stack can ensure the performance of your product? Yeah, that’s right.
If you’re part of a tech sector, you’ve perhaps heard the term ‘technology stack’ afore. A technology stack or solution stack is a very important concept in technology and understanding it is very crucial for the victory of your product.
Did you ever notice why some tech companies are worth billions? Why businesses like Uber, Airbnb, or Netflix have heavily invested in their technology stacks?
Let’s glance at what are the solution stacks that billion-dollar companies are using and why.
What is the technology stack?
In simple words, a tech stack refers to a collection of programming languages, software, and tools that work together to build a digital application like a website or a mobile app, etc.
Selecting the right technology stack for your next great project can be problematic at times; founders particularly having no specialized technology background face a hard time finding technology stack for their top-notch product.
Well, the most suitable and in-depth response to this question is not what you’re guessing.
Some IT experts say that this question is irrelevant or does not make sense at all for the reason that it’s challenging to give any endorsements about frameworks beforehand at least without understanding more about the features or priorities of the system.
But, here is a rapid guide that can benefit you to select the accurate technology stack for your startup:
- State your business scope
- Figure out stakeholders’ priorities, needs, thoughts on the app
- First gather functional and non-functional requirements
- Ensure handiness of developers that will build the product
- Always check the development cost i.e. while hiring a developer as well as overall maintenance price
- Take time to talk to people who have an understanding with solution stacks
SOLUTION STACKS USED BY BILLION-DOLLAR COMPANIES
Netflix has matured strongly, and its stats visibly define its strength. From 300,000 users in 2000, the number jumped to 7.29 Million only in the U.S. which by April 2020 were recorded 183 Million in number and astonishingly grew up to 193 Million by July 2020, worldwide.
Netflix revenue statistics via Statista
The system has logged that more than 125 million hours of video streaming is made possible on this site. If these many people access the site at the same time the server can arise delays.
But in order for the company to remain at the forefront of the IT industry, it is continually innovating and increasing new methods and tools to sustain, enhance, and improve the overall user experience.
Significant work is done not only on the front end to provide a flawless user-interface but as well as on the backend that goes into giving a seamless experience.
Did you know Google was graded first among the most visited multi-platform web properties in October 2019 with approximately 259 million U.S visitors? Amazingly, yes.
Its internal technology stack is what makes it a wonderful engine; a set of powerful technologies and frameworks that makes it easy for Google developers to generate and process tons’ quantities of information day-to-day.
Google revenue statistics via Statista
Approximately 40 million Uber rides are taken per month in the U.S. with over 3 million people have subscribed as a driver fulfilling cab services, to ride-sharing, and food delivery. With its incredible new service, you can also get essentials carried at your doorstep too.
Uber’s technology stack has progressed as some key decisions were taken a few years later the app was launched. That major updating plays a big role in its victory today.
Facebook is the most-liked social-networking site that hosts billions of users worldwide to connect with either friends or somebody new. The platform is nothing new to you; in case there is somebody who doesn’t know what it is used for. You can share images, videos, music, articles, as well as your daily activities with as many people as you want.
There are several technologies that Facebook is using to help you stay connected with the people you care about. The founders are in constant pursuit of perfection by making this app more efficient by adding elements such as higher capacity, prioritizing enhancements, and to give real-time video and gaming experiences.
PayPal is an online payment stage that offers low-cost services to individuals and businesses. It currently has 286 million active users in the U.S.
Some even believe that If it were a bank, PayPal would be the 21st largest bank in the U.S.
Winding it up
Does your company have a technology stack in place? If yes, we would love to hear what elements is it composed of!
Just in case, you have a unique business idea to pitch to top investors we can help you make your startup journey smooth. If you want to create a product or develop a product. we can help you get started.
Click to get a 360-degree review today!