We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Disruptive innovation important for software development in India

Disruptive innovation is fast becoming a make-or-break activity for software development units in India, according to a new report by Forrester.

This has become important as interactions become more iterative, and customers become more demanding.

Manish Bahl in his Forrester blog says that today, software vendors have very large R&D budgets but they are quite slow in using disruptive technology innovation to their advantage.

If Indian firms can increase software innovation maturity, they can easily connect internal and external innovation.

Eventually, this will result in a disruptive revolution that will enhance the value of software to the end client. Also, it will provide a competitive edge to software firms.

Best practices for software innovation

Software vendors should focus on developing a culture of entrepreneurship which can be achieved by moving away from a linear revenue model in which revenues bear a consistent relationship to costs.

Instead, they should search for high-value and high-growth value opportunities such as digital economy opportunities.

Software innovation can also be achieved by acquisition of a business-oriented skill set and adopting social tools and collaborative workflow.

Indian innovators can gain sustainable competitive edge by mobilising the expertise and judgment of their own people to invest in assets and platforms that will deliver future streams of revenue.

Vendors can also use a few revenue models based on business outcomes and on shared rewards and risks. This will not only limit risks but will drive long-term mutual value.


IDG UK Sites

Black Friday and Cyber Monday 2014 tech deals UK Live: Best Black Friday deals from Apple, Amazon,...

IDG UK Sites

Why are people still buying satnavs? Smartphones are the modern satnav

IDG UK Sites

New Star Wars trailer: Watch the VFX-laden teaser for The Force Awakens

IDG UK Sites

Black Friday 2014 UK: Apple deals, Amazon deals & Black Friday tech offers UPDATED