New Product Development (NPD) for any organization is an exciting yet challenging task. While the prospect of new software product development opens the doors to future business development and an additional source of revenue, it also involves technical, marketing, and financial risks. Most of the decisions taken in this phase are with a degree of uncertainty and are therefore risky.
In our consulting work with clients across the globe, we’ve been asked umpteen number of times about the best practices in Project Management. At every level of the management hierarchy, individuals want to know the key practices for project success. What’s the best Project management mantra? The sure shot winning formula.
The pace at which, the world turns over today demands a culture of change and innovation on a day-to-day basis. Innovation is the key to catch up, teamed with the ability to quickly respond to emerging threats. The time in which we need to respond however continues to decrease. From an information technology perspective, this suggests that we need to be able to make software changes more rapidly with quality than ever before. However, many programs devote more than 50 percent of the schedule to testing!
You have probably heard a lot about big data. With the advent of the Internet, the explosion of electronic smart devices with superior computational power, almost every process in our world now uses some kind of software, to churn out huge amounts of data every minute.