Enabling our client by strengthening product development process & extended R&D team
Customer’s demand for differentiated products is ever increasing. Product lifecycles are getting shortened. Fourth Industrial revolution has not remained limited to factories but it has transformed the way products were being seen earlier. Today products have started seeing, speaking and communicating with each other and with their users.
Customers have started thinking on total cost of ownership of the products and hence “shared” products are becoming another norm in the industry. This rapidly changing scenario has led R&D heads to redefine the product development processes & strategies, they need to increase their investment and at the same time cut down Time to Market and Cost of product and product development. R&D IT budget is no longer controlled by CIOs, it’s being merged with the Product development budget with CTOs & R&D heads.
Latest technologies are not only changing the products but are also transforming the way products are being developed.