Building Great Products-The New Way

Today, companies that can bring a perfected product to market the quickest are the winners. Old fashioned product development paradigms are pass. Outsourced Product Development is at the centre of this trend that has taken the software development world by storm.

The way outsourced product development works is that, instead of going about developing a product from scratch, including all the costly overheads of gathering expertise, human resources management, and risks taking, an organization simply outsources the development of the product to a third-party provider which specializes in undertaking such projects.

By focusing on shifting of development centers from in-house to off-shore locations, outsourced product development results in a reduction of operating expenses, boosts the bottom line, and makes resources available to enable you to focus on your core areas of strength.

However, there are certain prerequisites that should be met in order for an organization to fully reap the benefits of the new paradigm.

•   When available resources are not sufficient for effective software development.
•   When there is a need for reducing the product life-cycle.
•  If in-house expertise is not available, and the hiring of such expertise would escalate costs to beyond-planned levels.
• When you need to cut costs.

If your organization meets these prerequisites then it can certainly benefit from taking advantage of the new business model.

There are a few considerations that should be examined before outsourcing is adopted. Does the team understand your objectives and goals? A definite alignment of objectives and goals is vital for the successful development of any product, and especially one that is being developed by a third party.

Do you have a checks and measures and feedback system in place to ensure that what you get is exactly what you wanted? It is very important to have a feedback and assessment system in place to develop the exact product that is desired.

Finally, which product should you opt to develop first? Ideally at the start of a relationship it is good to go in for development of smaller products with short timelines, and as the relationship evolves meeting trust, expectations, and feedback requirements, larger products can be developed.

Successful outsourced product development depends upon close interaction, communication, and feedback between the crucial decision makers, specially business managers, engineers, and business owners.

The extensive logistical and interpersonal skills and resources available with us ensure that all prerequisites for a successful delivery of the product are already in place. Added to this, the deep, multi-tiered expertise of in-house engineers ensures that every aspect of utilization of cutting-edge tools and techniques is considered and implemented for the development of your products. Once you get our engineers working on your product, you will understand the amount of potential that outsourcing holds for you.