Skip to content

How to Reduce Development Time and Maximize Revenue During Application Lifecycle Management

Spatial Team | 14-04-2021

When you hear, Application Lifecycle Management (ALM), you likely think about the lifecycle of a software application. But there is more to it than that.

Application Lifecycle Management Flow
Hexagon pattern 1

When you hear the term, Application Lifecycle Management (ALM), you likely think about the process that a software application goes through from the initial vision to the product’s eventual sunset. But there’s a way to effectively tweak this model and capitalize on technology companies’ expertise to shorten development time and maximize revenue.

In this post, we’ll touch on what ALM is, how to maximize your application’s lifespan and value, and how an assessment program can keep your company on the leading edge of your industry.

What is ALM?

Application Lifecycle Management is a framework for managing the lifecycle of an application, from initial idea through development, maintenance, and eventual retirement. It’s a much more organized way of guiding the career of a software application.
Application Lifecycle Management (1)The definition for Application Lifecycle Management should not be confused with the Software Development Lifecycle (SDLC). SDLC informs the way the actual coding is done, whereas ALM takes a broader view. An organization’s SDLC will come into play several times over the course of an ALM cycle.

Learn More: Brief Guide to Application Lifecycle Management (ALM)

Maximizing the Lifespan & Value of an Application

Standard Application Lifecycle Management

The lifecycle of developing an application, bringing it to market, and later switching to the next generation has not changed much over the years. To fully understand how software lifecycle management can be improved upon, let’s first go over the traditional model.

First, in the development phase, most of the capital is spent as the organization’s resources get maximally invested in bringing the vision to life. Revenue is not yet coming into the company in this phase, and the length of time needed for development is often quite long.

During the distribution phase, or go-to-market, the organization can start to realize revenue as the product gets sold. Revenue will ramp up quickly during initial promotion and sales and then will naturally begin to level off. In some cases, the organization may hear about needed improvements from end-users, but they don’t have the expertise or resources to upgrade the product. This may push the product to maturity faster than the organization had planned.

Towards the end of the distribution phase, the application begins to approach its maturity stage in the lifecycle. The organization now has an important choice: further develop the existing application or shift to the next generation.

Key for Original Assesment Program

Original Application Lifecycle

Improved Model for Application Lifecycle Management

As an application developer, your goal for an existing application is to continuously innovate, provide differentiation, and extend the life of the application. Then, by extension, you increase profit. But there’s another opportunity to add a new layer into standard ALM and maximize your application’s life.

The idea is to minimize the development phase, maximize the distribution phase, and stretch out the amount of time that revenue is steadily coming in. How is this accomplished? By adding an assessment program to your process.

How an Assessment Program Keeps Application Developers on the Leading Edge

What is an Assessment Program?

An assessment program is a consulting service that assists organizations in maximizing the life of their technologies. A solution advisor begins working with the application developer right from the beginning of the lifecycle.

In the first phase, the organization works with a 3D application solution advisor to follow a development program. The solution advisor helps to guide the development by recommending and providing the use of critical, time-saving components in the application. The associated costs will be a little higher at first when using this model. However, the development phase shortens when partnering with a solution advisor. This allows for faster time to market and brings the organization to the revenue state more quickly, helping offset costs.

It’s during the distribution phase that a solution advisor’s partnership becomes fully realized. During this phase, the client is gathering feedback from their end-users about their new product. They share this feedback and their roadmap with their solution advisor, who makes recommendations for additional components or extra layers of functionality for the product.

A trusted partner in innovation will assist in finding add-ons, new benefits, and modifications. These potential innovations help maximize your return on investment through extended life for your application. In this model, even more value is provided over the lifecycle of your application. This way, when the application finally enters maturity, the organization knows they have done everything they can to innovate the product and can now confidently move to the next generation phase.

ALM GraphALM Graph Key

Regular checkpoints are established during this process. Part of the assessment is that the solution advisor is continually checking the alignment of the client’s roadmap with their own. The beauty of this partnership is having a solution advisor assessing your product’s end-user expectations and reacting in real-time to extend the relevance and value of your product beyond the typical revenue generation period.

Partnership During Application Lifecycle Management

Putting an assessment program in place during your ALM results in a true partnership. It’s long-standing and based on continuous exchange, alignment, and trust. When engaged in this partnership, application developers can be assured that their 3D interoperability or 3D modeling technology is implemented in a robust and performant manner.

The benefits of utilizing an assessment program:

  • Secured development
  • Faster time to market
  • Continuous innovation and differentiation
  • Maximum ROI through extended life
Spatial offers an assessment program that puts you at the heart of this process. We promise to be your most trusted partner, serving you in the development of leading-edge applications with our 3D technologies.

Learn How Spatial’s Assessment Program Can Benefit Your Application Lifecycle Management

Contact Us about our Spatial Assessment Program

You might also like...

5 Min read
CGM Modeler
Software components are like the stage crew at a big concert performance: the audience doesn’t see them, but their...
Application Lifecycle Management Flow
4 Min read
CGM Modeler
When you hear the term, Application Lifecycle Management (ALM), you likely think about the process that a software...
8 Min read
CGM Modeler
What is Computer Aided Manufacturing The CAM Market Who Uses CAM Software? Trends in CAM What do CAM Software...
9 Min read
CGM Modeler
SLS in Additive Manufacturing is used to convert 3D CAD designs into physical parts, in a matter of hours.
8 Min read
CGM Modeler
There’s a lot of confusion around what the terms additive manufacturing and 3D printing mean.
5 Min read
CGM Modeler
Take a fresh, new sheet of paper, and fold it in half, like you’re making a paper airplane. Place the folded paper on...
6 Min read
CGM Modeler
Table of Contents Simulation in CAD Who Uses Simulation Modeling? Key Benefits of Simulation Modeling Challenges in...
8 Min read
CGM Modeler
What do you do? What Exactly is FEM? What You Need to Know About Choosing a FEM Modeler FEM and Partial Differential...
5 Min read
CGM Modeler
Computational Fluid Dynamics (CFD) is a type of analysis that provides insight into solving complex problems, and...
2 Min read
CGM Modeler
WRL files are an extension of the Virtual Reality Modeling Language (VRML) format . VRML file types enable browser...
Voxel model example
3 Min read
CGM Modeler
Voxels are to 3D what pixels are to 2D. Firstly -- let’s examine what pixels actually are. Everything you see on your...
Point_cloud_torus
2 Min read
CGM Modeler
Point-cloud modeling is typically used in the process of 3D scanning objects. Rather than defining surfaces through...
Polygonal Modeling
2 Min read
CGM Modeler
Polygonal (or polyhedral) modeling is the most common type of modeling for video games and animation studios. This type...
aerodynamics-CFD
9 Min read
CGM Modeler
Computational fluid dynamics (CFD) is a science that uses data structures to solve issues of fluid flow -- like...
BREP Model example
2 Min read
CGM Modeler
BRep modeling, or Boundary Representation modeling, is, in CAD applications, the most common type of modeling. BRep is...
Feature Recognition Zoomed
5 Min read
CGM Modeler
IN THIS ARTICLE: What is FEA (Finite Element Analysis) Principles of Finite Element Analysis and Simulation Software A...
CAD System Components
4 Min read
CGM Modeler
Effective computer-aided design (CAD) and computer-aided manufacturing (CAM) programs include the following main...
3 Min read
CGM Modeler
The 2017 1.1 release of Spatial’s CGM™ Core Modeler improves the robustness of its feature recognition capabilities by...