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Product Lifecycle Management: Technology integrated product development

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The best product development companies make use of their user experience along with the state-of-art-technology in creating products, which would drive in success through differentiation. With a team of experts and creative personnel and world-class infrastructure, these development companies help organizations through the entire product life cycle management.

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Product Lifecycle Management: Technology integrated product development

  1. 1. Product Lifecycle Management: Technology integrated product developmentIn this aggressively competitive business world, success of any product lies in its design and world-class technologyexecution. Such combination is an outcome of innovation, amalgamation of multiple disciplines and newperspectives. In this era of software technology working behind every technological and technical innovation, mostcompanies irrespective of being a small enterprise or large technology giant depend mostly on the softwareproduct development companies to give their products a leading edge.The best product development companies make use of their user experience along with the state-of-art-technology in creating products, which would drive in success through differentiation. With a team of experts andcreative personnel and world-class infrastructure, these development companies help organizations through theentire product life cycle management. The vast technology expertise arises from their strategic partnerships withleaders of enterprise technology, telecommunications, digital media, e-commerce and medical devices.Product lifecycle management is defined as a process to manage the life of a product from its conception andenvisioning through its manufacture, to its retirement and disposal. The software developed for product lifecyclemanagement streamlines the development to enhance productivity by managing design and processingdocuments, ensuring environmental compliance, and controlling multi-user secured access, and "electronicsignature". However, today’s global environment, wherein the developing, support, manufacturing teams are allspread across the globe, along with ever increasing demands from the customers for customized products havelaid out a great challenge for the IT companies.Organizations now need agile methods for product R& D services, one that would be supported by a collaborativeplatform and frameworks so as to enable rapid product lifecycle management. Such a combination of methodologyand product lifecycle management tools would help the organizations meet the challenges of working across adistributed environment. This agile and scrum based methods work with an incremental development concept,paving way quicker adaptation to changing customer requirements while maintaining product quality andtimelines.With a continuous integration framework and traceability matrix, these product lifecycle management toolsfacilitate effective communication across distributed teams. This paves way for a transparent monitoring ofprojects, risk management and progress tracking. The reports and dashboards of the system provide for the real-time visibility of the development process and helps teams identify the bottlenecks and bring in changesaccordingly.
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