Connect with us

Trends

Outsourced Product Development – A Trend or a Business Necessity

Published

on

Nowadays the concept of outsourcing is a new hype in the software industry and many businesses are investing billions in outsourcing all their core and non-core product development activities. Since companies are intended to bring innovative products to the market rapidly, they need a strategic model of outsourcing for their upstream functions such as product designing and product development. An external engineering expertise not only reduces operational costs but also provides long-term benefits which, in turn, help to stay abreast of the competitors.

Though reasons could be numerous, the consistently emerging marketplace competition has actually drawn companies into new markets, domains/technologies for which they require expertise and skills in place. But when a company recognizes that they lack required infrastructures or skills, they end up on outsourcing product development activities. From this, it is evident that outsourcing is just not a mere trend but a business necessity which help companies to transform their raw ideas into innovative products. Let’s discuss in detail few reasons for why outsourced product development is a business necessity:

To Gain Expertise in Multi Domains

A saying states that it is always better to have more, which is true especially in the field of product designing and development. In order to build innovative and unique products, working on multiple concepts and theories is truly important. It not only helps to differentiate your product from others but also helps to determine product’s viability in the market. An outsourced product engineering firm generally has a team of design experts who work collaboratively with industry experts to build a working prototype of the product.

To Focus On Other Core Activities

Other than product development activities, a company needs to focus on several other tasks including IT operations, marketing, and sales. Not necessarily, engineering requirements are the only core requirements of every company especially when most of the R&D activities can be outsourced. Cost, in-house expertise, complex development processes, and resource management are some of the key areas which a company find challenging to deal with. Also, development teams are often swamped with numerous projects that require assorted expertise. Here the role of outsourced vendors comes into play. Their dedicated resources focus on a single project while freeing-up company to focus on other activities.

To Minimize Staffing Requirements

Since different projects have different requirements, organizations consider recruiting new talents for short-term periods to complete a specific project. But is this reliable to hire full-time employees that may put an extra burden on HR department as well as can create confidentiality risks? Getting the right person on board usually requires more time, and sometimes training sessions to learn. While outsourced firm, with their full-time staff, can help in completing development projects on time, nothing could be better than applying targeted expertise at the right time.

To Meet Fixed Project Timelines

It is very usual for companies to miss their project timelines due to failing in committing resources to it. On the other hand, outsourced partners, prior to signing a contract, clearly understand a project’s timeline and requirements and consider assigning their resources on it accordingly so as to ensure its on-time delivery.

To Minimize Operational Costs

High developments cost is one of the basic reasons why companies outsource engineering firms. Outsourcing helps to minimize product development costs by discussing project requirements and deciding a budget for it. Outsourced partner allocates resources and prepares regular reports in accordance to keep the company informed about the expenditures made for the changes other than the fixed budget.

On the other side, when product development is carried in-house, it becomes challenging to allocate extra resources or time for the new requirements. But outsourcing identifies the areas where extra resources are needed and sets a budget for it. With holding years of experience in optimizing product designs, outsourcing can help business to achieve their goals is shorter span of time.

To Win Over Competitors by Gaining Market Ownership

As we have mentioned earlier, businesses are striving to gain a competitive edge over their competitors, which is only possible when they would have a clear picture of the market trends and customer’s requirements. Their launched products should be unique and innovative for a customer to accept. Outsourced partners with their expertise can be a great help in terms of bringing creative ideas to the table. Also, by performing a complete market analysis, they can assist with the products having higher demands in the market, customer’s expectations, scope of transforming existing product, and marketing strategies for launching a product.



Source by Andrew Hudson

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trends

Kevin Samuels’ “Atlanta” role was meant for Steve Harvey 

Published

on


Kevin Samuels’ “Atlanta” role was meant for Steve Harvey 

Over a week ago, Kevin Samuels appeared in a new episode of “Atlanta,” on FX, titled “Rich Wigga Poor Wigga.” This came exactly a week after he passed away, at 56, at his apartment in Atlanta. At the time, Samuels died of cardiac arrest, as he was reportedly complaining about chest pain, to a 32-year-old woman that he was supposedly with, in his final moments.

In this Atlanta episode, Samuels played the role of philanthropist and businessman, Robert Shea Lee. Lee spoke to high school seniors, and revealed that he’d cover their college tuition, only if they’re a Black student.

Stephen Glover, who is Donald Glover’s brother and a producer of Atlanta, recently spoke with Complex about this interesting Atlanta episode. However, Glover revealed that this role was meant to be for Steve Harvey, but it never happened.

“I’m a Black man, so to me, Kevin Samuels isn’t that crazy,” Glover explained. “He was an old Black man. I think we’ve all met some version of Kevin Samuels before in our lives. We probably have a family member who’s Kevin Samuels.

People are getting lazier, so I understand this idea of us putting Kevin Samuels [in an episode] must mean that we hate women, but actually Kevin Samuels did a really good job on this. I think as far as the bigger question of us hating women, we definitely don’t.”

Atlanta season 3’s final episode aired on May 19. Season 4 is scheduled to arrive in the fall.

Kevin Samuels’ “Atlanta” role was meant for Steve Harvey 



Source link

Continue Reading

Trends

Doja Cat says she had surgery on her tonsils after infection

Published

on


Doja Cat says she had surgery on her tonsils after infection

Doja Cat continues to be one of the biggest artists in the world. Last weekend, she took home four wins at the 2022 Billboard Music Awards, as well. These included categories in Best R&B Album, Best R&B Female Artist, Best Viral Song, and Best R&B Artist.

On Friday, Doja did reveal some concerning information on Twitter, though. Doja says that her tonsils got infected before the BBMAs, and started to get a huge growth on it. That came after she drank vine and was vaping, all day long. Doja got surgery on her tonsils, on Friday.

“Dr. just had to cut into my left tonsil. i had an abscess in it. my whole throat is f*cked so i might have some bad news for yall coming soon. Nah so my tonsils got infected before bbmas and i was taking fuckin antibiotics but forgot that i was taking them and then i drank wine and was vaping all day long and then i started getting a nasty ass growth on my tonsil so they had to do surgery on it today.

 

Doja also explained the process, and how painful it was. She did note that she is okay now, though. Hopefully, this doesn’t prevent her from being able to release new music, for a while. Doja interacted with her fans on Twitter about this, and revealed that she has a nicotine addiction, and can’t just give up vaping completely, but is trying.

Doja Cat says she had surgery on her tonsils after infection

Doja Cat says she had surgery on her tonsils after infection

Doja Cat says she had surgery on her tonsils after infection

Doja Cat says she had surgery on her tonsils after infection

Doja Cat says she had surgery on her tonsils after infection



Source link

Continue Reading

Trends

Tory Lanez releases new “It Doesn’t Matter” single 

Published

on


Tory Lanez releases new “It Doesn’t Matter” single 

Tory Lanez has been extremely consistent with his single releases, in 2022. These are part of his “Fargo Friday” releases, as this was the last last week, with his “Shot Clock Violations” single.

Now, the Toronto rapper is back at it again, with his new “It Doesn’t Matter” single. Tory brought his R&B vibes on this record, as he shows more of his versatility, and is a perfect fit, for the summer kicking off.

Tory is also set to perform at the Metro Metro Festival, in Montreal, on May 20. This festival lasts through May 22, as other headliners include Lil Baby, Playboi Carti, Trippie Redd, and more. Tory will be one of the last performances of the night of May 20, as fellow Canadian natives will definitely be looking forward to seeing him hit the stage. Tickets can be purchased here.

Tory Lanez releases new “It Doesn’t Matter” single 



Source link

Continue Reading

Trending

%d bloggers like this: