How to Create Top-Notch Digital Products: A Holistic Approach to Choosing the Right Technologies

by Shivangi

To create a digital product, you must be familiar with the developers' primary tools. The technology stack and architecture considerations for digital product development give your current software apps a new twist.

At this stage, you must opt for specific and crucial technologies that will benefit you in the long run. Hence, it's vital relying on this, as app effectiveness depends on selecting the appropriate tech stack.

According to a survey conducted by PwC, by 2025, digital product development's efficiency will surge by 19%, promotion charges will reduce by 13%, and time-to-time market time will lower by 17%. Therefore, evaluating software tools and frameworks for digital product development is vital irrespective of your organization's industry.

So, what are the factors to consider when selecting technologies for digital product development? Let's explore the topic in this guide to choosing the right technologies for successful digital product development!

The development team should anticipate the consequences before adopting novel and cutting-edge technologies in product development to boost trust. These are the latest industry trends that can enhance digital product development efforts:

Remote product development

As organizations find adapting to digital collaboration and digital platforms hassle-free, remote development will rise. At this stage, enterprises will transform the way of product creation to be ready for such impacts. It will boost the maximum benefits of remote product development, including scalability, cost regulation, rapid time to market, multidisciplinary approach, and utilization of cutting-edge technology.

Business leaders of this era need to consider the below-mentioned approaches to bolster remote product development:

  • The rise of decentralized clouds and cloud migration.
  • A working model that is more digitized and has less human involvement.

Customized data-oriented products

As per Deloitte, customized data-driven products have higher importance, and customers are willing to pay 20% upfront and extra charges for personalized products. Mass customization has already become a reality. Furthermore, technological progressions have merged procedures and resources, which show how to make everything personalized to the individuals.

Security awareness

If you're a product owner, you must understand how data flows in the application. Moreover, it's essential to safeguard the information block. Companies have understood that access control must be implemented quickly in the early product development phase.

They must cover risk & disaster mitigation, production data accessibility, password management, and release upgrade processes. They should also be liable for overseeing the guideline's implementation.

Look here Top Product Engineering Trends to Watch Out for in 2023

How to Opt for the Right Technologies for Successful Digital Product Development

Though there are 7 steps in the product development process—ideation, investigation, developing prototypes, user interface design, verification, development, and launch—it is not linear.

It has been reported that approx 49% of organizations don't go through an ongoing product management process. This is why 21% of them cannot build products according to customers' demands! So, digital product development is not an easy process. You need the appropriate technologies for successful product development.

These are the crucial factors to consider when selecting technologies for digital product development:

Scalability

Scalability or flexibility must be considered while choosing the right technologies for successful digital product development. Recruited developers from a leading software development organization must look for and finalize while choosing technologies for a product. It's mainly applicable in complex project scenarios even though the system scales horizontally or vertically.

The demand for programming languages gets modified every 5-7 years, whereas CMS every 1-2 years, and frameworks every 2-3 years. Such a shift in demand implies you need technology stack and architecture considerations for digital product development.

Security and migration requirements

While evaluating software tools and frameworks for digital product development, software development firms must shift a whole system or merge legacy systems into brand-new systems.

Security is another consideration. You must ensure the tech stack or technology you select is compatible with the resources, secure, and conform to policies.

Compatibility

With the enhanced use of smartphones, your digital product needs to be designed while considering the mobile user's needs. This entails ensuring that your digital product is mobile-optimized and has a layout that can change to fit various sizes of displays and operating systems.

User-oriented designs

With the consumer in mind, your digital product should be simple to use, aesthetically pleasing, and accessible. User-centric design entails gathering information about user desires, choices, and behaviors in order to include it in the creation of the product.

Why is Digital Product Development Crucial?

As you already know the factors to consider when selecting technologies for digital product development, it's time to see why it's essential. Today's digital era is conducive to the success of digital product development. Providing businesses with a fresh means to merge with customers, maintain a competitive edge, and automate operations, it offers a precious channel.

According to research, global spending on digital transformation was $1.6 trillion in 2022. But by the end of 2023, the amount will hit approx $3.4 trillion. However, these are a few benefits of digital product development:

Maximized customer experience

Customers may enjoy using digital products more and find getting the services they require simpler. For instance, a smartphone app can offer users a practical way to order goods and services, speeding up and streamlining the procedure.

Data insights

Digital products provide companies with a wealth of information and analysis into consumer behavior and choices, which is valuable. By analyzing this data, companies may make wiser judgments about creating products, advertising, and general strategy.

Cost Savings

It will be less expensive to constantly improve your digital offering in response to consumer feedback and remain competitive.

Better gathering of data

Digital products can gather helpful information that may be applied to strengthen client interactions and corporate processes—a web application, as an illustration.

Reduced Product Downtime

The digital product development procedure makes a timely error, flaw detection, and resolution possible, improving the final product's availability.

A digital product development company usually follows waterfall, agile, hybrid, lean, and DevOps approaches for successful product creation. These are the key factors to consider when selecting technologies for digital product development.

Learning more about tech stack trends may be possible by looking at how software companies handle this. When in doubt, count on experts to guide you in making the right technological choice.

Explore here the Tips for Balancing Speed and Quality in Product Development