Bringing Innovative Products to Market
Why some companies are turning to software and electronics
In today's competitive market, innovation is key to capturing market share. Many companies are turning to software and electronics to bring this innovation to their products. However, this innovation drives up complexity and adds new challenges to the development process, requiring companies to adopt Best-in-Class system design practices. This report offers guidance to help companies improve their system design practices to bring innovative products to market in less time, at reduced cost to enable them to meet their product revenue goals.
Featured Insight of the Day
To understand the external factors affecting system design, respondents were asked to pick the top two pressures driving them to improve how products are designed (Figure 1 below). This shows that products are evolving into integrated systems to provide companies with a competitive advantage.
How Demand Metric Can Help
If you plan on incorporating Best-in-Class product development techniques into your process, check out the following templates:
Product Process Development Model
Customer Satisfaction Form Template
Product Feature Competitive Analysis
Product Development Metrics Dashboard
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