According to a predictive study, the size of the project management market in IT is constantly increasing. By 2024, the revenue figures will cross the 5.5 billion U.S. dollars mark by the end of 2024. This figure was around 3.6 billion U.S. dollars in 2014 and has increased since.
But what it has related to an article titled “intranet vs. extranet…?” The terms Intranet and Extranet are both used for management, whether inside the organization or otherwise. Let’s quickly look at each of the definitions before moving forward. Definition of Intranet Intranet sounds similar to the internet, right? Well, it’s not much different in functionality, too—intranet functions similarly to the internet. The only difference is that it is only accessible to the employees of company and no one from outside can have access. Some of the most acclaimed and useful features of the intranet are given below.
While intranet is for an organization’s internal management, extranet, as the name denotes, is for external affairs management. These can range from communicating and dealing with suppliers, other affiliated institutes and organizations, partners or vendors, and more. Extranet helps maintain the supply and demand and keeps the internal requirements fulfilled with appropriate allotment and management of various resources. A few of the features of the extranet that one deals with routinely are given below.
This debate might have started long ago but is still going on today. The confusion surrounding the terms intranet and extranet still lies around and needs more depth in explaining how things actually work and what their purpose is. Let’s get this straight. Intranet is used to build and sustain better digital work environments for your organization’s workforce. In contrast, an extranet is used to managed and collaborate with external stakeholders of your organization, such as partners, third-party service providers, vendors, or more. These systems can be developed by any proficient industry, whether on the web or mobile if they know how to create a mobile app the right way. The usefulness of Extranet & Intranet If you ask us, intranet and extranet both have their own importance and usefulness and can make things a lot easier for everyone in or related to your organization or all the stakeholders. Intranet can help in streamlining all your organization’s internal issues such as employee management, self-care, project archiving and management, payslips and salary management, requests approvals and denials, track record management, and much more. An extranet can be beneficial in handling and management of all the external tasks or jobs of your organization. From sourcing the furniture and other important equipment to dealing with the suppliers to collaborating with the business partners and managing the affiliations, all can be done through an extranet, that too without much hassle. Bottom Line Let’s sum it up quickly. An extranet is for managing all the outside tasks that don’t directly fall within the organization’s working but can impact the workflow in one way or another. An intranet is for the management of all internal tasks, complaints, or records that are going on a continuous basis. Both of these software have their significance and make all the processes of an organization better-managed and well looked after through specific features.
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