Software Product Development: Make a Strategic Move

Software Product Development: Make A Strategic Move

A software that streamlines various business operations is a generic need of this millennium. It leads enterprises to look for ready-to-use software products and empower the business. Thus, businesses, are opting for a software product development company that truly understands their needs and deliver a perfect system. However, even for ISVs and Software Product Development companies, it is really a tactical decision to define and implement a software product addressing all functional and non-functional business aspects and to meet exclusive business challenges.

What Make A Software Product Development Effective?

Detailed Requirement Analysis

There are several aspects need to be considered in IT product development. It is a complete brainstorming to define development scopes in software building. Focus on generic industry needs to cater wider audience than specific problem statement of few businesses/individuals.

Focus on Non-functional Aspects

Along with functional elements, software product has to focus on different non-functional aspects such as scalability, usability, performance etc. If a software contains hi-tech features and intuitive UI, but it does not deliver robust user experience then it cannot serve the purpose.

User Ease

After development, it comes to user friendliness. There is continuous product evolution till it is not easy to access for users. Software must have intuitive interface with self-guiding features so that users can have quick understanding of it. Frequently used functionalities must be presented in prominent way to access them quickly and effectively.

Key motive of outsourcing the software product development is to get better ROI. So it is always advisable to ISVs to maintain a core team of functional experts. However, the question remains… what is the right way to engage an IT Outsourcing Company to do the job.

Right Business Model for Business to go ahead with…

In IT industry, offshore companies are offering outsourcing services through varied business models. Majorly, ISVs have to choose from one of the two generic models:

Fixed Cost engagement: The model requires fixed cost and timelines against highly defined scope of software product development and agreed deliverables.

Time & Material/Team Hiring Engagements: Under this model, ISVs can have a team of IT professionals with right skillset working dedicatedly on a product development.

Before selecting an IT outsourcing company, enterprises have to be clear that what type of product they are looking for up to what timeline. On the basis of client’s requirements and timeline, IT offshore companies offer business models to choose the best suitable one for software product development that helps in meeting business objectives. The model should be effective in:

  • Addressing business challenges and satisfying the common goals
  • Equally focusing on non-functional aspects of software development
  • Giving space to developers to introduce their creativity
  • Allowing for value addition to make the system more usable and reliable
  • Aiming final goals and market needs rather than individual features/function points

Ideal Approach for Software Product Development

Software product development is quite tricky and not one-time development. It comprises lots of technical and business aspects as well as various phases with different level of enhancement. As it has a long term development cycle, select the most suitable one from both after getting enough information about each of them.

Let’s have a clear and detailed understanding about both models in different context.

Meeting Goals

When ISVs are going for software development companies, they wanted to have a generic yet hi-tech product that facilities different businesses of an industry to meet their objectives. Team hiring model allows for effective development of multi-tenant software product through freedom in efforts and skills. While in Fixed Cost, limited scopes and timeline restrict creativity of developers so there are chances to build a typical software that satisfies need of single business rather than industry.

Non-functional Aspects

While evolving software product, it is equally essential to consider non-functional aspects. It covers different quality traits such as scalability, extensibility, maintainability, portability, reliability, etc. In team hiring, consistent enhancement improves non-functional aspects on regular basis. However, it is quite tough in fixed cost as limited scopes for software enhancement and more focus on core development.

Space for Creativity & Innovation

Innovations possible in a mind that free from boundaries. Fixed costing has strict deadlines for development criteria and timing. So developers have to complete their tasks in given timeline that affects their creativity to apply new ideas. In team hiring, there is freedom to developers to invest time in R&D and evolve state-of-the-art software.

Scopes for Value Addition

Value addition is extra benefits and out of the defined scopes offered by software development companies. With fixed cost, it already contains the well-defined functionalities. So there is no chance to work on other stuff that is out of the scopes. However, team hiring model leverages scopes in offering value addition features that help to simplify and automate different business operations.

Targeting Ultimate Business Objectives

A software product must target common needs of particular industry and accomplish final goals of businesses. More focus on specific features and functions limits the use and reliability of software. Fixed cost model moves ahead with pre-defined scopes that are generally applicable to few businesses. In team hiring, there are wider chances to have comprehensive development that addresses all market needs.

Agile Development Methodology

Agile development methodologies help in evolving robust software product by establishing collaboration between self-organizing and cross-functional teams. It permits for adaptive planning, state-of-the-art development, faster delivery, regular enhancement, and flexible and rapid response to change. Apart of all these, it serves other technical and business purposes too. It is one the most evolutionary, iterative, incremental and efficient approach for software product development having short adoption cycle and feedback loop.

With over 15 years of experience working into software development industry, we have been part of many long-term products which are highly successful now. But, we have been facing one common query in all these years. And surprisingly it is not about technology or development methods but the ‘Quote for product’.

After helping many startups to build successful products since a decade and half, we wanted to share why jumping to the product price is wrong in the initial stage and why fixed cost engagement model is not suitable approach when it comes to building a successful product.

Select appropriate engagement model and the right partner for your software product development services that assists in building state-of-the-art product at least investment. Contact Radixweb to develop a product that offers long-term business benefits.

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Zalak Shah is a program manager at Radixweb who develops roadmap with deep technological milestones for our customers on an agile journey of transformation. He ensures that technology, business processes and functional requirements stay integrated- seamlessly. Apart from work, Zalak loves spending time on his coveted gadget collection.