How Simulation is Changing the IT landscape

The requirements definition phase is a relatively small but extremely important area of the software development life cycle.  Although a majority of software budgets go to the actual development side of the house the overall cost of a project over the long run is directly related to the quality and accuracy of the requirements fed into the project.  Most companies waste valuable time and resources defining inconsistent and inaccurate textual requirements, which for the most part the business and development don’t read. The issue that more and more companies are starting to see is that faulty requirement upfront can lead to time-consuming issues and defects during the development phase of a project. 

On average, companies allocate 25% of there project budgets to rework alone.

70% of software or Internet-based application projects fail or never get implemented the way they were intended. In fact, 25-40 cents out of every dollar spent on software development is wasted – because the business requirements were not defined right in the first place. Experts agree the root cause of this problem is that customers often don't know or can't express what they want, and current methods and products for eliciting requirements simply aren't bridging the gap. They simply don't provide a visual representation of those needs - until it is too late.

Software Simulation provides the ability to visually model a web site, or software application, before it is built. This is similar to how Boeing uses CAD, or Computer Aided Design, to model airplanes before construction begins. The goal of Software Simulation is to reduce project costs and to decrease time-to-market by better improving collaboration between a business idea and the implementation of that idea. This is the most widely spread issue within the software development industry today. Software Simulation fills a growing market niche in that it bridges that gap between requirements and development. It also allows companies to simulate real world applications in weeks, rather than months.

The ultimate goal of Software Simulation it to improve the process of both defining and designing software applications by improving the communications between the business and technology teams.