Customer-friendly and captivating product experiences reinforce the business purpose. We, at Alcor, believe that every idea which has the caliber to fulfill global customer demand should be responded with immaculate custom product development practices.
Designed-to-fit client demands, our custom product development procedures aredevised to launch your business offeringamid the global community.Software product aspects like product planning and customization strategies, intelligent use of resources, database management, deployment& integration, support and maintenance are intensively considered before implementation and launch.In addition, the practices applied are also in tandem with new-age custom product development models, ubiquitous in the IoT powered IT ecosystem. Product development encompasses the process of designing, developing, and deploying an application or a product for a specific and unique set of users, organizations, or business functions.
With decades of custom software development experience of the Alcor team across various industry verticals and IT platforms, dynamic skilled developers and dedicated Analyst and QA team coupled with Agile development process, GATE approach and Design Thinking ensures delivery excellence and helping businesses build tailormade solutions.
Digital products have led to a marginal increase on revenue by at least 10%. Being a digital product, the time to market is reduced by almost 20%, with a reduction in lifetime R&D cost of a minimum of 15%. An increase in operating income of 2% and a reduction in HW and SW BOM cost of at least 5% with a maximum of 25% shows the benefits of digital products.
The Alcor team follows the GATE approach to custom product or application development. GATE methodology divides projects into smaller sections or phases. At the end of each phase, we review the work at every GATE to see whether a project is ready to move to the next phase. The GATE approach enhances the overall software development process by improving the “time to market,” and decreasing the investment risk or cost overruns during execution, mostly by reducing change requests and making risk visible and thus, risk management essential) by requiring proper accuracy in planning, especially for scope and cost. Plans, including the schedule, are based on robust and audited information, thus increasing the project's predictability. Furthermore, the changes in macro-economic variables, as well as in organizations plans, are part of each stage analysis, reviewing and updating the alignment of the project.
Our implementation cycle consists of the following steps:
Feasibility and Planning stage is where we form the team to work on your product and gauge the feasibility of the idea. In this phase, teams gather research to support the idea in order to quantify the many opportunities for the product. We look at the strengths, weaknesses, opportunities, and threats to the product ideas discussed in the first phase. Post that, we define the business case supporting the idea and lay down the action plan, resources, and milestones to develop the product.
Validation stage where we test the product for its features as well as design and identify the overall usability of the product. In this phase, we fine-tune the product and look for any problems that might interfere with user experience. We ask people familiar with the product to use it and find bugs or issues. We gather feedback from partners, s, and internal staff that are not familiar with the product. And, we market test the product to get early insights into needs.
Ideation stage is where the idea for a software is generated and the business case is determined supporting the idea. We employ several methods such as brainstorming and mind mapping, empathic design, and communication with current or potential s to explore opportunities and arrive at ideas.
Development and Verification stage is where our expert developers work to build your product and verify the use cases for each feature. This is where we execute design plans and begin pilot production. The deliverable toward the end of this phase is a working prototype that’s alpha tested.
Commercialization stage where we handover or deploy the product for you at your end along with the required training or resources to help your team start getting value from it right at the onset. This phase also calls for a post-launch review to get an idea of the reality versus expectations on revenue, reach, and so on.