Competition in the IT industry is on a rise. Things have changed on a great level as compared to earlier times. IT companies specializing in software and hardware products require developing innovative products regularly. Developing new products not only help keep competition at bay, but also result in new business. In addition, companies need to offer such products that are in sync with the latest technology. Product development pressurizes the companies, given the requirements to be precise and thoughtful. The essential feature required for developing new products is well designed plan that executes the necessary. Instead of putting together a new team for this, organizations find outsourcing product development convenient and affordable.
LTS introduced the ingenious BOMT Model for the benefit of companies. BOMT model stands for Build-Operate-Market-Transfer. With the model in action, companies can relive themselves from the continuous pressure of developing new products. This model lets them outsource the important phase of product development to the professional and experienced team of LTS. The team has years of related experience and hence offers the high quality product development services that are latest and the best. The best thing about the model is that it is cost effective and well within the means of companies who want to grow their operations by developing new products. In addition, outsourcing the task of product development helps in faster turnaround time to market. The model even reduces the risk of the companies by sharing the same.
The Build Phase of the BOMT Model offers the client comprehensive solutions for the entire product development task. The model helps companies remain competitive. Outsourcing product development helps companies follow international practices. LTS helps in developing the product while meeting high quality standards. Right from conducting specific market survey to understanding the requirements of the user are taken care of while developing. In addition, professionals ensure functional specifications like quality assessment and test automation while keeping the product updated. BOMT Model helps in preparing a strong foundation of the project. With LTS, the costs of developing new products reduce considerably. The team ensures appropriate operation and execution in addition to taking care of marketing and professional activities.
Gone are the days, when outsourcing was considered the step taken by budget conscious companies. Today, outsourcing product development through the BOMT Model by LTS is considered a smart move. Large scale organizations too are considering this option for several benefits associated with the same. The professionals here study the objectives of product development and deal with process and planning of budget preparation. In fact, LTS becomes the offshore partner for product development. The model even helps in expanding the technology that too without crossing the budget limits. When the companies are ready to own the product development process, the ownership is transferred to them.
LTS professionals take special care during the entire product development. Trends in IT industry have changed considerably. This has persuaded companies to rely on outsourcing the integral part of new product development to specialists in the industry. Outsource vendors like LTS have the advanced and profitable BOMT Model that helps companies get an edge in the highly competitive market.
BOMT(Build, Operate, Market, and Transform) model, It is an innovative hybrid partner product development that offers a low-risk, hassle-free, cost-effective global sourcing strategy. BOMT works exceptionally well with StartUps, Entrepreneurs and ISVs. It ensures incubation, development, Gestation and transformation support to increase revenue and maximize ROI in short span of time.
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LTS is Outsourced Software Product Development Company with innovation centers in LA, Chicago and India. The Company expertise covers BI, SaaS based applications, Cloud Computing, Migration, Integration, Cross Platform, Testing, Mobility, Big Data, Product Development, SharePoint, SaaS Tenant and IoT Integrations.