The trend in software development is toward full-stack development. Full-stack developers are programmers who work in both frontend and backend development and therefore have skills in the area of databases, servers, systems, and clients. Depending on the customer’s project, this can be a mobile app, a web app, or a native app. This results in a significantly reduced effort for coordination for the customer, since the entire work and, thus also, the superimposed project view comes from a single source.
Why is Full-cycle Product Development So Popular?
The need for software development has increased slowly but steadily in recent years, including in the enterprise sector. The tech world is reaching a new level of popularity as many companies are considering leveraging these features for their tech-savvy customers. A good custom software development company can be very helpful for a company that wants to target an audience with better financial assets.
The software developer can help you build your application and present it to customers. At the same time, we continue to look for ways to update the software. Most companies can also offer you a cost-effective solution in the IT sector. Reduce your effort in software development. Here, with our full stack development service, developers are active in frontend and backend development and can deliver the high-quality product.
Stages of Full-cycle Product Development
The product development process consists of several steps. In general, new product development involves:
Business Analysis: Understanding the market, identifying a need to fill and researching similar products or companies.
Product brainstorming: Making a rough sketch of the product idea, sketching what it might look like and how it will be designed.
Product roadmap planning: Clear planning of the stages of product development, drafting a roadmap outlining each step from start to finish, including key stakeholders.
Creating the product: Developing of the actual product, working with the DevOps team. Usually this is a simple first release, the baseline of what is needed to get to market.
Testing and Iteration: Once a V1 prototype is created, you can test it with your target audience. Gather as much feedback as possible, and then revise the product for future releases.
The list above is a simplified version of the new product development process. If you’re a dedicated entrepreneur, you likely have to communicate with a team of professionals who may be involved in all the development phases to create the perfect software solution.
When do You Need Full-cycle Product Development?
Full-cycle development is a best-fit practice when you don’t have any ready part of the project and need to transform your idea into product from scratch.
There are many ways to get inspiration for a new product idea. For example, you could start by looking at current companies in the market: are there business models that could improve your product? Or is there a gap in the market that your product could fill?
When you start developing new product ideas,
keep the following in mind:
Market Need/User Value
It is often said that product managers represent the users in the company. Understanding and validating user problems will help you avoid the battle for adoption because you have developed products and features to solve the problems validated by your market research.
Strategic Fit
Successful product ideas are accepted by senior management and cross-functional stakeholders when they align well with the business strategy at all levels. It’s important that your product ideas align with overall business strategy, contribute to team goals, and advance company goals in a meaningful way.
Business Value
Solving relevant user problems creates lasting value for the company. For example, let’s say you initiate a project to improve product delivery times at a retail company, which would ultimately increase customer satisfaction. This increase in customer satisfaction can lead to better customer reviews, improving customer retention and increasing sales.
Product development is a long process, from initial concept through testing, implementation and iteration. The good news is that you can take control of new product development with the support of a reliable technical partner.
Also read: Benefits of Custom Software Development
