What is Product Sustenance?
Mature products can burden the bottom line, drain expensive resources, and become an unnecessary distraction from innovation initiatives for engineering teams. Product sustenance addresses legacy technology hurdles to revitalize and lengthen the use of the products.
Product sustenance is essential for the retention of customers, the market, and especially products. It drives innovation to enhance the characteristics of existing products and services in an organization. The marketplace in the digitally enhanced world is evolving at an exponential rate. It is crucial to mobilize technological innovation in an optimized way to introduce future-ready products to meet strategic goals and objectives. Product sustenance increases the lifespan of products along with improvising customer and product retention.
What are the business benefits of Product Sustenance?
It provides an advanced level of customer satisfaction while keeping the quality of products in place.
It helps in customer retention in an optimized way to improve growth in an organization.
It adds efficiency to the product cycle by keeping the process of making the lifecycle of the product short and effective.