Skip to main content

Technology Product Rating for Software Companies

Technology Product Rating for Software Companies

As Indian software companies gear up to making technology products for the world as the next growth engine it is important for them to get their products Rated by an independent assessor who understands Technology, Risk and Business.
Technology Products need to Blend Business and Technology for their success and product rating needs to be done at the Beta Testing stage or after a few trial runs  rather than after time and effort has been expedited in acquiring customers to use the product.  
Rating gives confidence to investors, customers and users of the products and will form an important feature in product selection in the next phase of growth of Indian software companies
.
A Technology Product could be rated by using rating symbols given in the table below, where AAA is the highest rating for a Technology product and D is the lowest where the product cannot be assessed since it is still in development. Refer to the Technology Product Rating Table.

Methodology for Rating Products
The technology products will scored on four key parameters
1.     Security architecture of the Product
2.     Functionality of the Product
3.     Design Compliance of the Product
4.     Application  Architecture of the Product.
Each of these parameters will have a  number of sub-parameter with a scoring methodology which will be done using proprietary rating methodology to ensure uniformity and fairness in the rating There will be a Rating committee with domain experts to review the outcome of the rating process before finalization of the technology product rating.
The Rating will be valid for a year or until a major change is undertaken in the technology product which has to be intimated as part of the Rating contract.
The Rating will be a paid service and there will be an annual fee for retaining the rating, all ratings will go through a bi-annual review to ensure that the technology product has not undergone major modification which will impact its Rating.



Conclusion :
It is important that Product Rating is adopted by Indian companies if they want to capture the world markets for their solutions. As the world shrinks thanks to cloud computing services and SAAS based solutions it is important that Indian companies get their products rated.
Are you ready to subject your technology product for rating and get it Branded as the Best of Class product in the world?
Technology Product Rating Table

Symbol
Description

AAA
Technology Products  with this rating are considered to have the highest degree of safety regarding  security, functionality, technology and solution architecture. Such  technology products carry  lowest deployment and investment risk.
AA
Technology Products  with this rating are considered to have high degree of safety  regarding security, functionality, design compliance and application architecture. Such technology products carry very low deployment and investment risk.
A
Technology Products  with this rating are considered to have adequate degree of safety regarding security, functionality, design compliance and application architecture. Such technology products carry low deployment and investment risk.
BBB
Technology Products  with this rating are considered to have moderate degree of  safety regarding security, functionality, design compliance and application architecture. Such technology products carry moderate deployment and investment risk.
BB
Technology Products  with this rating are considered to have moderate risk of non-performance regarding security, functionality, design compliance and application architecture.
B
Technology Products  with this rating are considered to have high risk of non-performance regarding security, functionality, design compliance and application architecture.
C
Technology Products  with this rating are considered to have high risk of non-performance regarding security, functionality, design compliance and application architecture.
D
Technology Products  with this rating are in development and cannot be rated at this juncture.

Comments

  1. Perfect!!! What I can say in this article is very important to be written as it may help everybody to get awareness. Good job done.
    web development companies

    ReplyDelete

Post a Comment

Popular posts from this blog

Top 10 Changes in the Workplace - Impact of COVID-19

A lot has been said about what’s happening with the impact of Covid, on the workplace. Many of these are hard to imagine and some will require serious consideration. Nevertheless, my 20 years plus background in IT, Operations and Consulting across BCP, Security, Projects and Leadership makes me believe the following are what we can be looking forward to (at varying levels) over the next couple of years. Please leave a comment and I would love to hear your thoughts and comments too! 1.        Disinfection Chambers -  You would have to walk into the office through disinfection chambers, entry into the chamber would be post facial and iris recognition for 2 factor biometric contactless authentication.  You could then be tested   for Covid by a nurse through the use of a rapid test kit (Emirates Airline has already deployed the same for airline passengers), there would be a ten minute wait time for the results before you are let into the office. Biomedical Security could be the

IBM's Think Forum 2018 @ Mumbai

It was a wonderful and fulfilling evening for the business and technology leaders of India at the IBM's Think forum 2018 on 13th February in Mumbai. CEO Speak - Ms. Ginni Rometty - Chairman, President and CEO of IBM's keynote set the tone for the energy packed evening, she stated that business can get smarter by the use of cognitive computing - Leveraging a data platform that learns ; Infusing that learning into systems and processes & Empowering their people to learn faster with AI and the need to usher new technologies with purpose and responsibility;society will judge the right ones which deliver value. She enunciated the three drivers for businesses to get smarter - leveraging a data platform that learns, infusing that learning into systems and procedures and empowering their people to learn fast with AI. She said AI should be called Augmented Intelligence. Ms. Ginni Rometty stated that we are at an inflection point for all businesses is use of data, leverage proc

Bharat Badal and Rural India

Bharat Badal   and   Rural India         Sometime back   I had shared how rural India can benefit by Bharat Badal , here is a check of how these expectations have panned out. Today the cloud is assisted by cognitive and mobility and nation linked by easy data connectivity which has accelerated the adoption and use of technology in rural India.   What can be done for rural India using the cloud - A status check "The cloud will allow information technology to be infused to the smallest hamlet of India and make access to information available to the poorest of the poor to give them a better life by empowering them with knowledge derived through the net book or mobile phone connected to the cloud. The cloud will make the services such as affordable and accessible at a low cost" This has been achieved for rural India by the   Digital India program of the Government. Bharat will benefit by taking the cloud to rural India because:: "The cloud will dr