Software Product Development – Transforming Business Ideas Into Reality

Most of the businesses and corporate sectors today cannot do without Information technology. Software products have become an integral part of the business world. These companies rely heavily on their database products, data mining, and other analysis tools for their day-to-day operations. Furthermore, the dynamic nature of businesses and the highly competitive market has resulted in the software development companies striving regularly to meet the customer’s requirement of enhanced product quality, functionality, reliability and performance.   

However, with the vast growth of the software products, a dynamic development team and related complexities, development of the good software, its deployment and management is a challenge faced by these software development organizations. Software product development or software application development refers to the process of writing and maintaining the source code using any computer programming languages.  In a broader sense, the term covers the stages of conceptions of the desired software through to the final implementation, through a structured process. Hence this process may include research, new development, prototyping, modification, reuse, re-engineering, maintenance, or any other activities that result in software products.

The quality control aspect in software development has given rise to the discipline of software engineering, which applies a systematic approach of engineering to the software development process. However, all methodologies of software development whether it is embedded software, customized for an organisation, or outsourced software development, all follow similar stages of development. Starting from Market research, gathering information for the business solution, analyzing the problem, designing the software-based solution, implementation or coding of the software to testing, bug fixing, deployment and maintenance completes the software product development cycle.

One of the biggest challenges faced by both start-up and established companies is the time taken to transform an idea or requirement into a software product a reality.  Outsourced Software development is a solution to this problem. Organisations, which offer such services takes in the workload to give the client organisation a finished product.  A wide variety of frameworks have been evolved over the years to structure plan and control the software product development process. However, each of these frameworks is based on various technical, organizational, team considerations, strengths and weaknesses of the projects in question, hence, it is not possible to suit one framework for all projects. Outsourcing is cost savings in relation to the time and labour, saves internal resources and provides enough time to focus on core business issues.

Also read on: independent verification, agile life cycle management  

Go Back