Success in today's highly competitive business environment demands that companies have the right products or services for the right market at the right time. The development process is critical to meeting time-to-market, product cost, engineering cost and performance goals.

Polycom collaboration solutions, like video, enable more effective management, enhanced global team communication and improved product or market validation - all factors in reducing a product development cycle. Today, many organizations use Polycom solutions to reduce product development cycles, enhance team communications and get products to market sooner.

Key metrics and the associated Polycom benefits for this line of business include:

Shortened Time to Market

Using Polycom collaboration solutions, the entire product development cycle becomes more efficient. Real-time communications, visual engineering design collaboration and comprehensive management reviews help get products to market faster. By doing so, expensive engineering resources can be reassigned to new products earlier. Travel costs can decrease. And, regular, visual communication with suppliers and vendors can further reduce costs.

Cross-Functional Coordination

With Polycom collaboration solutions, team members in disperse locations can collaborate as effectively as in onsite meetings, without the associated travel costs. Engineering designs can be visually reviewed and approved in real-time. Product experts can give interactive new product training to a global sales force. Product reviews can include remote teammates or executives for comprehensive status reports.

Product/Market Fit
With the right tools such as Polycom collaborative video solutions , remote video inspections of product components, designs and manufacturing processes can be done in real-time. Product requirements, including pricing and features, market analysis and development roadmaps can be researched and validated globally, without having to travel for face-to-face meetings.