Creating new services to strengthen the company’s leadership role is a difficult challenge. This is particularly true when it comes to new digital projects, which are a key source of revenue for today’s global corporations. In most cases, mature companies lack the infrastructure, process, or culture necessary to quickly create and introduce new products. The concept of “moving quickly” is simply not ingrained in the DNA of larger, more developed companies.
We discovered that businesses that rely on agile, nimble partners have a much better chance of advancing their digital sales efforts. Take, for example, General Motors (GM). When the automaker wanted to enter the car-sharing market in the early days of the sharing economy, it didn’t invent the wheel. Instead, GM teamed up with RelayRides, a company that specializes in vehicle tracking through mobile devices. When we used Continuous Integration (CI) practices to improve one customer’s production processes, shorten the product’s release period, and improve the product’s quality, we took a similar approach.
One of the most effective ways to increase digital sales is to transform a product or service to supplement conventional, non-connected products, as GM did with its RelayRides partnership. Many of the companies we work with today are focusing on increasing the digital portion of their sales pie. According to Gartner’s 2019 CEO report, CEOs expect digital to account for 46% of the value their goods provide to consumers.
What if your company lacks the necessary internal structure, expertise, or a “build it quick and often” mindset? Finding the right product design and development partner will help you shorten the time it takes to launch a new product. This is why:
- Increased concentration on the core business:
Your core competency is unlikely to be product growth, regardless of industry. Companies may concentrate their attention, expertise, and resources on their core business through outsourcing to an experienced partner. Internal teams will focus on their current duties and responsibilities by enabling outsourced developers to handle the entire process.
- Expert Talent Pools Expanded Engineering Capabilities:
Implementing emerging technology and creating the most cutting-edge products necessitates a diverse range of developer skills and areas of expertise. Outsourcing allows you to tap into a pool of multidisciplinary, seasoned developers that are up to date with the latest technology and have a proven track record of meeting deadlines.
- Access to New Ideas and Perspectives:
Outsourced production brings not only new skills, but also new perspectives to the table. These groups will provide impartial, fresh perspectives that aid in the development of innovative and creative solutions. They also have an outside-in perspective that can be extremely useful in determining what makes the product stand out.
- Shortening Time to Market:
As the window of product feasibility shrinks, reducing the time it takes to get goods to market becomes increasingly important. External development teams have a shorter learning curve and more money, allowing them to work faster. As a result, you’ll be able to respond to changing consumer demands faster and capitalize on emerging trends more effectively.
- New Approaches to Managing Project Costs and Timelines:
Outsourcing partners may assist in keeping product production costs and schedules within budgeted parameters. There’s no need to recruit more people to the squad. External skills can be used to efficiently and cost-effectively staff development teams. They’re all used to working under strict time constraints.
Finally, your product development partners should be introducing new talents, strengths, and offerings on a regular basis to assist you in meeting your changing market objectives. Oaperg currently employs highly skilled workers with potent combination positioning us to provide full, end-to-end digital transformations to our expanding global client base.