Accelerate Your Product Development: 5 Essential Technologies

5 Key technologies that can speed up your product development life cycle

Greatly accelerate your product development process

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In one of our previous posts, we mentioned how product development can be an extremely tedious process that requires a lot of iterations and redesigning.

It is for this very reason why DVT manufacturing is a crucial step during your product development life cycle.

As a stage where much of all the tooling, jigs, and fixtures are made, DVT manufacturing can provide you with clear insight into how your product is going to fare in the market.

Aside from making sure that your product designs are market-ready, employing the right technologies can speed up your product development life cycle and are therefore also of utmost importance.

If you are at a loss at what these technologies could be, here are five innovations that you can consider investing in:

Artificial intelligence

AI can be used not only in eliminating the obstacles that may hinder the launch of new products but also in enabling new frameworks that reduce time to market.

One brand that has been showcasing the impeccable application of AI into product development is Nissan. Nissan’s DriveSpark is a program that uses AI to fast-track new vehicle designs. Since its launch in 2016, the program has been able to streamline and accelerate new product development while ensuring that compliance and regulatory requirements are met.

Their intelligent use of AI has also allowed them to trim weeks off of new vehicle development schedules.

Cloud technology

There are many ways cloud technology can hasten product development.

One of which is by making platforms, frameworks, and backend services available under the cloud umbrella. Thanks to this feature, developers no longer need to spend so much time focusing on getting these in place before working.

Cloud technology’s ability to increase scalability can also make it hassle-free for developers to make updates and releases without having to worry about additional infrastructure investments or computing resources.

This highly disruptive technology also provides developers with the opportunity to collaborate in real-time in a distributed environment.

Templates

One of the most headache-inducing steps to creating a product is layering the design for every single feature a product should have.

This is where project templates can come in handy. For instance, in the production of PCBs, the use of templates can make it easier for developers to view connectivity and the overall work breakdown structure.

These benefits will help enhance design efficiency and eliminate varied intricacies associated with multi-sheet design.

Over time, templates can also make updates and design standardization easier.

Automation

Before modern technologies started seeping into product development, the process that reigned supreme was the waterfall method, where each phase is completed before the next begins.

Thanks to the integration of automation into agile methodologies, phases can now be done simultaneously to shorten development cycles. For instance, due to agile test automation, engineers can now implement testing at every phase of the product development life cycle.

This allows developers to spot and address defects early on, all while reducing the cost and efforts needed to come up with a market-ready product.

Analytics

According to Monty G. Myers of Eureka Software, Inc., the primary role of analytics in product development is guiding product improvement.

With analytics, product teams would be able to verify product concepts and arrive at informed decisions at a much faster pace.

The insights provided by analytics can also help create an accurate product roadmap and allow existing products to stay viable for an extended period of time.

When quantitative analytics is used in conjunction with qualitative techniques, it would also take developers a shorter time to make focused improvements and adjustments that will help maintain the product’s value and improve its longevity.

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