Can Expense reports apps, spreadsheets app, and portfolio tracking apps has 3 year life. Explain.

Expert Solution

Yes, an expense reports apps, a spreadsheet app and a portfolio tracking app can have a 3 year life.

All the above mentioned apps are financial related apps and with time the functionality of these apps will decline and dilute on the basis of its usability. Three years is a good time scale for new ideas to develop and new designs to come into picture. These ideas and designs will be developed, tested and launched within the given time frame and many apps based on the new ideas will add more value for the users. This will make the existing apps redundant.

The three financial apps serve the purpose of helping its user to manage its finances and financial reporting more meaningfully and to help the users save time and resources by providing them higher convenience factor. New apps will develop within the three year frame and these apps will provide better functionality, make use of advancements in technology and hence will be able to provide higher level of convenience to users.

But it takes time to develop new apps that are better, more functional and adds more value. Thus, an expense reports apps, a spreadsheet app and a portfolio tracking app can have a 3 year life.

keosha answered 1 year ago

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