A Full Software Product Development Suite of Services is Key

Choose the Right Software Development Partner

The investment and time required to conceive, design and develop a software product can be overwhelming and there are many ways a business can get off track. If your organization is to be successful in this effort, the software product you conceive must be developed and maintained to satisfy the specific use cases for consumers and users and the objectives of the organization and the product vision. It must comply with industry and government standards and with the business plan and financial projections for the product.

Your business may have a really great idea for a software product but your IT team probably doesn’t have the time to work on this kind of project and, even if they do, it isn’t likely that you will have all of the required skills in-house.

‘When considering a software services partner, look for a full suite of technical skills, cutting-edge technologies, software skills and related software services including  Artificial Intelligence (AI), and Low-Code, No-Code (LCNC) platforms, and Minimum Viable Product (MVP) experience.’

Gartner identifies Ten (10) Critical Capabilities for Development Services:

  • Business Acumen, Design (User & Customer Experience)
  • AI/ML Expertise
  • API and Integration Services
  • Analytics and BI Service Experience
  • Software Engineering Approaches
  • Multi-experience Development
  • Talent Operations
  • Technical Architecture and Cloud
  • Quality Engineering
  • Modern Engineering Approaches

Software Product Development is not the same as simple application development or a custom business software project. A software product will be used by consumers and end-users, and the project lifecycle must ensure compliance with appropriate industry and government security standards, and include product testing to protect the business from risk and legal issues. The product roadmap must include a clear vision for upgrades and customer engagement, and the functional and technical architecture should be scalable to accommodate needs in future.

Don’t Take Software Product Development Lightly: Choose the Right Development Partner

The software product development and design process includes product ideation, competitive analysis, technical feasibility, product roadmap management, Minimum Viable Products (MVP), product development, implementation and timely upgrades of the product to satisfy the ever-changing user and technology needs. If your organization is to be successful in this effort, the software product you conceive must be developed and maintained to satisfy the specific use cases for consumers and users and the objectives of the organization and the product vision. It must comply with industry and government standards and with the business plan and financial projections for the product.

The software product development process must include:

  • Management of Project Goals, Use Cases and Objectives
  • Product Requirements Definition, Evolution and Management
  • Product Roadmap and Backlog Management
  • Risk Mitigation
  • Market Analysis
  • Comparative Analysis
  • Functional and Technical Feasibility
  • Roadmap to Accelerated Growth and Market Success
  • Product Ideation and Market Gap Analysis
  • Minimum Viable Product (MVP) Design And Development
  • Usability, User Experience Design and UI Development
  • Product Roadmap Definition and Backlog Management
  • Technical Feasibility for Scalable and Sustainable Architecture
  • DevOPs Setup and Management
  • Product Architecture Design
  • Product Version Management and Documentation
  • Product Development, Maintenance and Support
  • Product Implementation and Integration
  • Product Testing and Release Management
  • Product User Acceptance Testing (UAT)
  • Software Product Upgrades, Migration, and Release Management
  • Software Product Re-Engineering

When considering a software services partner, look for a full suite of technical skills, cutting-edge technologies, software skills and related software services including Artificial Intelligence (AI), and Low-Code, No-Code (LCNC) platforms, and Minimum Viable Product (MVP) experience.

In this evolving tech-driven world, it is difficult to ascertain whether a software product will survive and thrive in the market, and a business should not leave this result to chance. Before the enterprise commits to the expense and time involved in software product development, it should consider the benefits of a Minimum Viable Product (MVP).

An MVP product has just enough features, and is just functional enough for beta or early customers to use. These early users will provide feedback to be used in comprehensive product development. Businesses can leverage MVP product development to quickly, and cost-effectively gather feedback on a product, and to assure an appropriate product-market fit. In so doing, the business can avoid a lengthy, costly product development process that may result in failure, may include features or functionality customers do not want, or may leave gaps in functionality that are important to customers and clients.

‘The software product development and design process includes product ideation, competitive analysis, technical feasibility, product roadmap management, Minimum Viable Products (MVP), product development, implementation and timely upgrades of the product.’

A comprehensive suite of product development services is necessary to ensure that the scope, budget and schedule of your software product remain intact and that your software product is deployed and upgraded successfully.

Contact Us to find out how our Product Development Services can support your software applications, Minimum Viable Products (MVP), mobile application, your Artificial Intelligence (AI) initiatives, or software product ideas, and improve team productivity, and optimize resources. Explore our free articles here: ‘5 Critical Areas Of Focus For Software Product Development Partner Selection,’ ‘3 Critical Considerations For Software Product Development vs. Application Development,’ and our white paper, ‘Return On Investment: The Cost vs. Value Equation For Offshore Software And Technology Projects.’

Minimum Viable Products Enable Swift Start-Up and Product Insight

The MVP Approach Improves Start-Up Apps and Software Products

If your business is a start-up, with a concept for an application, a software product or a website to sell to the public or provide business to business (B2B) or business to consumer (B2C) solutions, you know how challenging it can be to get your product off the ground. It takes a lot of investment, resources and time and, if you miss the mark, if there are gaps in your solution, or if you produce a solution with security or compliance issues you will ruin your reputation and your prospective customer base will go elsewhere.

 

‘By working with an IT partner whose team is expert in Minimum Viable Products (MVP), the business can quickly and easily define requirements and develop a product to gain insight and perspective into the market, business assumptions and customers.’

 

Studies reveal that 44% of startups fail because of a shortage of cash flow. That means that your start-up business must jealously guard its investments and spend money wisely. Rapid scale and injudicious expenditure and development results in a 74% failure for those start-ups that expand too rapidly and without the required knowledge of what their customers want and need.

The Author of The Lean startup, Eric Ries, coined the term ‘Minimum Viable Product’ to define product development that incorporates a learning period in which the business can develop a simple, illustrative product with minimal features to test its theories about customer requirements, marketing, user interface, and he market using a short development cycle and minimum investment.

Minimum Viable Products (MVP) Produces Better Business Start-Up Results

Minimum Viable Products (MVP) provide numerous benefits without expensive, time-consuming product development and allow the business to learn from the initiative and invest that learning into the final product, with plans for upgrades, etc.

  • Reduce Risk – The business can avoid the risk of producing a product that suffers from overkill and provides expensive features that customers don’t want or need. It is tempting to add all the bells and whistles but the features your customers want may be very different than what your marketing team and IT team see as the vision.
  • Mitigate Expenses – The business can limit its investment and avoid having to engage and attract investors and funding.
  • Rapid Development – MVPs can be developed very quickly, because they entail only the minimum features and are designed to get customer feedback and to prove technology and functionality theories.
  • Customer Feedback – Customers can see and use the features and provide valuable feedback which helps the business define a final product roadmap and makes customers feel more invested in the process thereby ensuring a better user adoption rate.
  • Marketing and Advertising – The business can hear and incorporate valuable information from customers to define and hone its marketing messages.

 

By working with an IT partner whose team is expert in Minimum Viable Products (MVP), the business can quickly and easily define requirements and develop a product to gain insight and perspective into the market, business assumptions and customers.

  • Create a basic product with the crucial feature set
  • Design and employ a customer feedback loop to incorporate and integrate customer comments and experiences into the final product or iterate future versions
  • Create a product launch without all the fanfare of a final launch and the expense of marketing and advertising to build buzz and customer excitement.
  • Limit initial investment to ensure that the idea works before investing a lot of capital and resources.
  • Better understand pricing strategies and product upgrade schedules.

 

‘Minimum Viable Products (MVP) provide numerous benefits without expensive, time-consuming product development and allow the business to learn from the initiative and invest that learning into the final product, with plans for upgrades, etc.’

 

Explore our expert Minimum Viable Product (MVP) services. Discover our Software Application And Maintenance Services, Software Application Development Services and ongoing technology support. Build Your Software Team using our resources, skills and experience. Our flexible services can provide welcome relief to your busy IT staff, and our core value and benefit to the organization is undeniable. Contact Us to find out more about our Partnerships.

 

Original Post: Minimum Viable Products Enable Swift Start-Up and Product Insight!

White Paper – The Practical Use of GenAI in Business Intelligence and Analytics Tools

White Paper – The Practical Use of GenAI in Business Intelligence and Analytics Tools

The Practical Use of
GenAI in Business Intelligence
and Analytics Tools

In this white paper, we focus on the practical use of Generative Artificial Intelligence (GenAI) in Business Intelligence (BI) and Analytics tools and present several business use cases to illustrate how this approach to analytics can support business goals and help the enterprise to achieve goals. We also discuss some of the challenges a business may wish to consider in order to ensure that its analytics solution effectively incorporates GenAI so the enterprise can confidently depend on results and improve user adoption and ROI.

Minimum Viable Products Lead to Start-Up Success!

MVP Design and Development for Start Up Businesses!

When you are the owner/executive of a start-up, you guard the time of your team carefully. You only have so many hands to get the job done and every effort, every initiative must pay off. And when it comes to investments, your logic and your plan must be solid. You can’t afford a misstep. The products and services you plan to introduce into the market must be spot-on, and the cost to design and deliver those products and services must be carefully controlled.

Minimum Viable Products and Their Value

Minimum Viable Products Provide Metrics for Success

If you aren’t familiar with the term ‘Minimum Viable Product,’ here is a brief definition: A Minimum Viable Product or MVP is a version of a product that provides minimal features – just enough for customers to use and provide feedback on the product. That feedback is then incorporated into the final plan for the product, thereby allowing the creative team or software vendor to ensure user adoption and anticipate features and functionality the customers want now or may want in the future.

Create a Minimum Viable Product (MVP) Software App!

Minimum Viable Product (MVP): What Is It and Why Does My Business Need It?

What if your business could see into the future? What if you could launch a consumer app or an in-house software program without risking years of investment, time and resources, only to find out that you missed the mark? What if you could test your theories about software features and functionality and ensure that you had it right BEFORE you launched your product?

Skilled Mobile Application Development Services Are Crucial to Business Success

Plan for Success with Skilled Mobile App Programmers!

Mobile Application Development involves the design and programming of software for smart phones, smart watches, tablets, and other mobile devices. Typically, the mobile apps are designed for either the Android or the iOS operating system or they are designed in a cross-platform environment. These hybrid mobile applications can operate in both the iOS and Android environment.

Engage an Offshore Expert to Achieve Your Minimum Viable Product Software Goals

Offshore MVP Product Development for Start-Ups!

If you do it right, the Minimum Viable Product (MVP) process can provide numerous benefits to your start-up, Small or Medium business (SME) or other enterprise. Businesses can obtain feedback for product development and test theories of market success. MVP product development can help the business avoid developing a product that the market does not want or need, and it can help you identify competitive advantage and customer needs.

How to Build a Minimum Viable Product (MVP): A Brief Discussion

The Phases of a Minimum Viable Product Software Project!

In this article, we will briefly review the steps to build a Minimum Viable Product (MVP) for software or application development. For a detailed review of each of the steps and phases, see our article, ‘MVP Software Development: Everything You Need To Know (The What, Why And How)’.

Why is a Minimum Viable Product (MVP) Important to My Business?

Why is an MVP Approach Important for Your Business?

The technology research firm, Gartner reports that new product failure rates in the software industry are between 40% And 80%. If you don’t want to be included in those statistics, you may wish to consider building a Minimum Viable Product or MVP. One of the benefits of building an MVP for a potential software app or a new set of features in a software product is to reduce the failure rate for your product and to better prepare for the final product features in order to achieve the desired customer satisfaction.