{"id":28909,"date":"2018-04-24T04:58:39","date_gmt":"2018-04-24T11:58:39","guid":{"rendered":"https:\/\/www.jamasoftware.com\/?p=28909"},"modified":"2023-01-12T16:53:08","modified_gmt":"2023-01-13T00:53:08","slug":"how-predictive-product-development-will-transform-your-business","status":"publish","type":"post","link":"https:\/\/www.jamasoftware.com\/legacy\/blog\/2018\/04\/24\/how-predictive-product-development-will-transform-your-business\/","title":{"rendered":"How Predictive Product Development Will Transform Your Business"},"content":{"rendered":"

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We live in an age of incredible technological promise \u2014 driven by products connected like never before \u2014 but to achieve that promise, product development teams face incredible pressures to deliver more innovative products, faster, and with sustained high quality.<\/p>\n

This new age is a direct result of digital convergence paving the way for new products that combine hardware with sophisticated software, unleashing new potential for consumers and businesses alike.<\/p>\n

The more we work with the top companies across industries, though, we find that traditional product development processes can\u2019t keep up with the complexity necessary to create these breakthrough products. Particularly because it takes large teams with very different backgrounds \u2014 hardware and software \u2014 to come together to design and build them.<\/p>\n

We weren\u2019t surprised to find that fewer than half of companies surveyed by The Hackett Group last year have a strategy in place to meet these implications head-on1<\/sup>. And, according to Forrester, manufacturing firms with decades of experience developing products are being challenged by \u201cdemocratized\u201d product development, digital capabilities and as-a-service business models2<\/sup>. We see this kind of shift as just the beginning.<\/p>\n

We believe in a better way<\/strong><\/p>\n

In response to this changing landscape, it\u2019s no secret that companies are beginning to invest heavily in process transformation. A cross-functional effort, these initiatives come with high hopes of decreasing time to market and adding to the bottom line, but often engage product development haphazardly and incompletely. Without the visibility necessary to understand the impact of the process changes, it\u2019s unclear whether the changes are delivering the critical results required.<\/p>\n

We set out to break down this barrier and give product developers \u2014 from practitioners to leaders looking to \u201cfuture-proof\u201d their business \u2014 a single platform that can serve as a first-order decision-making solution. No such product existed before today.<\/p>\n

There are many solutions for collaboration and development \u2014 but what\u2019s been missing is a genuine end-to-end product development platform<\/a> that spans the entire lifecycle and beyond \u2014 from ideation, to verification and validation, to launch, to strategic decision making about what comes next.<\/p>\n

The future of product development is predictive<\/strong><\/p>\n

Jama Software believes Predictive Product Development<\/a> is the path to success and a logical extension of digital transformation for product teams. It\u2019s about taking product development from merely reactive and prescriptive to truly predictive by harnessing the data and output of today\u2019s connected products to redefine the process of building tomorrow\u2019s breathtakingly innovative offerings. It completes the cycle of transformation. It informs teams and decision makers of potential risk and highlights new opportunities.<\/p>\n

To achieve true Predictive Product Development, your product development platform must:<\/p>\n