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.
I would like to express my gratitude and appreciation to our development partner, Aspire Systems, who have shown outstanding commitment and dedication to our success!
Tony Galluscio, Co-Founder & VP Research and Development, Biz-2-me