The
technological innovation has brought in a number of benefits along
with an equal number of issues. With competition tightening,
organizations tend to increase investment in IT infrastructure, and
move to make their workplace globally oriented with virtual desktops
and workspaces. But upgrades require a vast amount of
investment both in the form of hardware as well as professionals.
Hence organizations are opting to make use of the outsourcing
industry sector.
The
outsourcing industry develops the desired product, application or
services based on client requirements.
Outsourced
Product Development
refers
to the method of exploiting the resources, skills and expertise of an
offshore firm for the development and maintenance of a product.
Product Development refers to a customized product or service for a
client that precisely meets the requirements of the users. Built with
a framework, which facilitates scalability and integration of any new
features. The application development on the other hand is carried
out from the functional point of view.
The
outsourced product development provider takes the complete
responsibility of all aspects of
product
lifecycle management.
The offshore development provider looks into every aspect from
Product
R& D Services,
prototyping, development, testing, maintenance & support as well
as upgrading and development of next generation products. The
important factors that these offshore development teams consider
while developing products are documentation, adherence to design, and
architecture
The
changing business scenario, shorter product life-cycles,
technological obsolescence, complexity of design engineering
and
the customer demands have paved way for the growth of the of the
offshore product development providers. Further, with demands for
newer versions of the older products, and introduction of new product
development
in
the market segments, the entire lifecycle becomes an extensive
activity both in terms of time and money.
Outsourcing
of product development
can
take place at various stages of the product development lifecycle.
This totally depends on the requirement of the client organization,
their expertise and level of involvement and as well as the expertise
available with the OPD service provider. The offshore
development may either be for product development, re-engineering and
migration, maintenance and support, implementation or Quality
analysis and testing or for all. OPD services are mostly opted by the
start-up companies and the medium sized companies because of the cost
savings. The large corporate sectors also now opt for these services
as it provides them relief
from
issues like data security and intellectual property protection.
Also
read on - QA
services,
Application
lifecycle management