From a start-up company with a fresh idea to an enterprise software product company, everyone needs reduction in product realisation time. They are under constant pressure to upgrade and widen product offerings, augment internal skills and capabilities, accelerate product development and reduce product costs. To meet market demands and to gain a good return on investment (ROI), they would need to spend smarter and strategically leverage the resources available to them.
Considering that the ISVs (Independent Software Vendors) today not only want better features in new products but also want them faster, it is imperative that they look at capitalising on a partnership with a professional offshore product development (OPD) company to beat competition, gain faster time-to-market and reduce their initial investment in-terms of time, money and effort. More important among these is the fact that an offshore product development company can assist an ISV to stay competitive—which is the main necessity today.
Benefits of Offshoring Product Development
OPD companies today are completely focused on developing products and have in the process, developed mature quality processes. They are able to implement world-class best practices within short timeframes due to constant improvements through investments on ‘Six Sigma’ and Capability Maturity Model (CMM) programs, which form a critical success factor in implementing the full lifecycle of product architecture, development and deployment.
Although offshore product development started as a tool for labor arbitrage, today, the benefits gained by ISVs include higher quality, development discipline and significant value addition in terms of process efficiencies and innovation.
Network Magazine is published by Indian Express Group. Network Magazine helps enterprise decision makers - CIOs, CTOs & VP-IT - evaluate, design, deploy, and manage enterprise infrastructure and solutions more efficiently to gain a competitive edge. Network Magazine brings an extensive line up of products, services and industry news, analysis, case studies, expert opinion and management advice all put together to address the technology issues facing a connected enterprise.