Product Development

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A Startup to Aid Ukrainian Refugees Becomes the Most Impactful Initiative in the USA in 2022

Average reading time: 2 mins 16 secs

According to Tigergraph, the UAwelcome platform won the Most Impactful Initiative in the U.S., ahead of 3,000 candidates from Ukraine. 💪

So what made the platform an award-winning success?

16 January 2023
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How to ensure HIPAA Compliance into the custom telemedicine software

Average reading time: 3 min 37 sec

If you opt to create a custom telemedicine application, you will be participating in a really complicated, but fascinating and socially significant project. And one of the most important aspects will be how to ensure HIPAA compliance.

12 October 2022
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Telemedicine & IT: how to develop a custom software solution successfully

Average reading time: 2 min 16 sec

We worked closely with product owners and domain experts throughout the project to gain a deeper understanding of the market, the product, and the audience’s key demands. We received tremendous help and advice from the client in discovering insights, enabling us to create a custom telemedicine software that precisely meets the needs of the audience.

22 September 2022
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12% productivity increase with easy flipping tool

Average reading time: 1 min 30 sec

The challenge to resolve: reducing the time spent on nonproductive activities. The solution we offered: custom service, which would be doing automated docs formatting. Results provided: 12% productivity increase for translators of the company,

10 May 2021
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People Also Ask

What is Product Development?

Product development is the process of researching, designing, testing, and launching a new product or service. It involves a combination of creativity, engineering, marketing, and manufacturing processes to bring a product from concept to market. During the product development process, businesses will analyze customer desires, analyze competing products and services, design prototypes, test and refine prototypes, and develop a strategy for marketing the product.

Who Benefits from Product Development?

Product development benefits both businesses and consumers. Companies are able to increase revenues by introducing new products that meet customer needs, attract new customers and create increased demand for the company’s existing product line. Consumers benefit from more product choices that meet their specific needs. Product development helps companies increase margins, gain market share and build a more profitable business. It also helps create more innovative products that meet consumer needs and make products more affordable.

What’s the difference between corporate strategies and product development strategies?

Corporate strategies relate to strategies that are used to achieve the goals of the business in general. Corporate strategies are focused on how to increase overall revenue, become more competitive with other companies, launch new product lines, and create long-term value for stakeholders.

Product development strategies, on the other hand, concentrate on developing a specific product or service. Strategies include researching customer needs, identifying key performance indicators, prototyping, marketing and selling the product or service, and updating the product after launch. The goal of product development strategies is to ensure the successful release and further product or service sales.

What are the stages of the Product Dvelopment Process?

1. Opportunity/Problem Identification
2. Research and Analysis
3. Concept Development
4. Design and Prototyping
5. Testing and Refinement
6. Production and Integration
7. Release and Maintenance