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. |
