New Product Development is the complete process of bringing a new product to market and involves idea generation, product design and engineering. The main challenge faced by ISVs is to increase the value of the product for its customers. Aspire Systems offers services in all stages of New Product Development including: | Conceptualization | Considered the front end of the new product development effort | | Concept Screening | Elimination of unsound concepts before deploying resources to engineer them | | Concept Development and Testing | Designing and engineering the product. Testing of the product concept by deploying it as beta | | Concept Refinement | Incorporation of the feedback received from the beta release and product improvement | | Business Analysis | Estimation of market acceptance of the product and fixing the pricing point for the product | | Commercialization | This is often considered a process post new product development | Aspire's complete New Product Development offerings include: - New product lines
- Product repositioning
- Modifications to existing products
- Product revisions
- Novel first-of-its-kind products
Aspire has worked with several ISVs on their new product development initiatives and has successfully brought their products to market faster at lower R&D costs. |
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