Innovative Process for creating the right product architecture

ABSTRACT

Bringing a new digital product into the market can, undoubtedly, be a rewarding feeling. Few things will motivate your team as well as seeing their hard work pay back in the form of satisfied returning customers and ROI. That being said, it’s not always sunshine and rainbows. The road towards a successful launch can be a tough and arduous one, filled with product development risks. 

This Theoretical Challenge requires only a written proposal.

OVERVIEW

From the early stages of concept generation to design and implementation, a wide range of products and software development organizations have seen numerous setbacks when it comes to managing product competitive strategy and cost needs. It is commonly found that a few selling features are buried beneath complex design specifications and functional requirements, making it unable to address expected competition strengths. Similarly, once the solution is operational, it applies to the important requirements for time utilization and operational costs. Even if you strive for a particular level of competition in the eyes of your customers, you may not be able to earn income.

Just like building a new house, fine-tuning a product architecture after it has been developed and launched is difficult. Make sure to figure out whether you need to start with an existing product or start from the beginning. If you start from the beginning, the process is not impossible, but it will be time-consuming and expensive.

This is a Theoretical Challenge that requires only a written proposal to be submitted. The Challenge award will be contingent upon the theoretical evaluation of the proposal by the Seeker.

To receive an award, the Solvers will not have to transfer their exclusive IP rights to the Seeker. Instead, Solvers will grant the Seeker a non-exclusive license to practice their solutions. 

Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on November 29, 2022.

Late submissions will not be considered.

ABOUT THE SEEKER

We are an innovative SaaS business changing the world, one idea at a time. We’re the global home for all ideas, giving a voice and role to everyone in the innovation process. Innovation_360 gives everyone the chance to see their ideas become a reality.

What is the Wazoku Crowd?

Imagine a world where any problem you have can be looked at by millions of expert, motivated eyes. The Wazoku Crowd makes this possible. With twenty years of experience in crowdsourcing, the Wazoku Crowd is the gold standard for open talent and external innovation solutions. Commercial, governmental and humanitarian organizations engage with the Wazoku Crowd to solve problems that can impact humankind in areas ranging from the environment to medical advancements.

What is a Theoretical-Licensing Challenge?

A Wazoku Crowd Theoretical Challenge builds upon an idea but is not yet a proof of concept. A solution to a Theoretical Challenge will solidify the Solver’s concept with detailed descriptions, specifications and requirements necessary to bringing a good idea closer to becoming an actual product or service.

This Challenge is a Theoretical-Licensing Challenge, meaning that the Seeker is requesting non-exclusive rights to use the winning solution. Solvers that do not win retain the rights to their solution after the evaluation period is complete. The Seeker retains no rights to any IP not awarded.