Fingent’s Product Development Services
End-to-end product development services to help you stay competitive in the market
Featured Product Development ProjectsGeoSure produces global travel safety information. Their requirement was an app for travellers that conveys the safety of tourist places. Fingent developed a trusted, location-sensitive personal security mobile app that provides personalized and quantifiable travel security content. Read MoreView All Case Studies
Featured Product Development ProjectsThe real estate industry is highly fragmented with small independent operators carrying out each functionality. Our client required a single platform that centralizes all aspects of the property management life cycle. Fingent developed a robust, single source property management solution for residential rental properties. Read MoreView All Case Studies
Featured Product Development ProjectsOur client is one of the largest global marketing, web development, and design companies based in Arizona. They were looking for a means to keep their employees motivated and encouraged through instant appreciation and rewards. Fingent developed an employee motivating app to instantly gratify employees for their extraordinary performances with streamlined appraisals and in-job benefits. Read MoreView All Case Studies
Featured Product Development ProjectsThe LEGO Group is a plastic toys construction company based in Denmark. They wanted an app that lets lego enthusiasts quickly and easily find the instructions to their lost LEGO sets. Fingent developed an iPad application that lets users search, view, and download instruction sheets for LEGO sets. Read MoreView All Case Studies
Why Choose Fingent for Product Development
Consistent high-quality results with robust agile teams and dedicated QA practices
Highly cost-effective and best-of-breed solutions with no last minute surprises
Transparent project management with maximum adherence to deadlines
Our Product Development Process
By initiating your project with Fingent, you get a dedicated and skilled team backing you up round-the-clock. All our processes are customer-oriented, designed to reduce the cost of business operations, address IT resourcing challenges, and offer you a competitive edge. We start with a deep analysis of your requirements and continue our relationship with post-launch support and updates.
Research and Discovery
Validating and Shaping Idea
Design and Prototyping
Testing and Quality Assurance
Maintenance and Support
Hundreds of leading businesses have derived strategic advantages from our transformative solutions.
The entire engagement was completely transparent and very systematic. It’s been an exceptional working experience.
Their team is completely committed to our success as a client, and they do that with their dynamic team.
They’ve also been great at meeting the needs of our timeframe versus theirs.
They go above and beyond what the typical developer interaction would be.
They were highly responsive to our needs.
We found their project management solid.
Reviews from engineers testify that their code was consistently solid and comprehensively documented.
I have been very pleased with Fingent Corporation’s user experience and design capabilities.
Fingent’s project team demonstrated passion and commitment throughout the dev cycle and it was very evident in their work.
They’re an honest company to deal with … they were always fair and reasonable.
The benefits of product development are:
- Improved customer satisfaction
- Creation of new business opportunities
- Improved profitability and productivity for businesses
Software product engineering covers the entire product life cycle such as conceptualization, design, development, testing, and deployment of a software product. The various stages of product engineering include:
- Identifying a market need through market research
- Conceptualizing the product idea
- Building the product roadmap
- Creating the product architecture and designs
- Developing and assembling the product
- Testing the product
- Launching the product
- Providing technical support
- Regularly updating the product and re-engineering based on changing user needs
The five stages of product development include:
Idea Generation: Product development starts with gathering ideas for improving existing products or analyzing the scope for launching new products. This stage encompasses surveying the needs and satisfaction levels of customers, identifying the technical possibilities of improving the product, examining competitors, perusing magazines and journals, and more. The ideas generated in this phase lays the foundation for the successive stages.
Preliminary Review: The plethora of ideas generated should be scrutinized by your management, customers, and other decision makers based on legislation, changes in technology, competition and more, to filter out the unfeasible ones. You should also establish the target audience, cost targets, market size and potential, operational requirements, and ROI estimates.
Development: This stage requires collective efforts from all your teams – design and development team for technical requirements, marketing team to brand your product and reach your customers, and finance experts to allocate the funds available. You should strive for customer satisfaction, try to differentiate your product from the competition, and attain the greatest profits possible.
Testing: This stage involves performing market testing on a prototype to identify whether the features are satisfying the client’s requirements, fits into the development and manufacturing costs, arrives in the market at the most appropriate time, and beyond. The results determine if you need to take it to large-scale production.
Commercialization and Launch: This stage involves ramping up production and creating a marketing plan, taking into account economic, functional, and emotional factors. Make sure you promote your product through advanced marketing and advertising strategies for maximum reach and impact.
New product strategy is the process of adopting new strategies to improve existing products, or creating new products that the market seeks. This becomes essential when the existing revenue platforms start declining or stagnating. You need to then bring in innovation at all stages of product development, right from conceptualization to rollout.
A well executed new product development (NPD) strategy captures your client’s expectations accurately, and effectively eliminates the wastage of time, money, and resources.
Product development is important for the following reasons:
- To satisfy the rapidly changing consumer requirements
- To outdo competition by offering improved value at competitive prices
- To keep pace with technological advancements
- To identify new opportunities to sustain and grow your company
- To minify risks
- To build and establish your brand name
- To give back to the society
New product development (NPD) is the process of introducing new products to the market in response to technology advancements, changing consumer preferences, increasing competition, and more. NPD can also be to tap into an emerging opportunity in the market. Forward-looking businesses sustain by analyzing their customers’ requirements, enhancing products as per the needs, and also by developing new products that surpass their customers’ expectations.