The next essay will provide you an in-depth look at product-based companies, including what they do and how they differ from service-based businesses. We'll also look at the top 25 product-based enterprises in India that can help you design your future in the best way possible.
So, let's get started!
What Exactly Is a Product-Based Business?
A product-based company is one that focuses on creating things that aren't necessarily tied to software. They hire substantially from the IT sector since they require IT technologies to improve the saleability of their products.
Product-based vs. Service-based Companies
'What is the difference between product-based and service-based companies?' is a regular question we get from newcomers.
The distinction is straightforward: product-based businesses make, create, and sell their goods, whereas service-based businesses provide backup for these activities.
Furthermore, the former has a severe learning curve. To move their product ahead, these companies place a premium on innovation and creativity. As a result, many people who apply to these organisations attend a variety of courses in order to develop a comprehensive knowledge base that allows them to readily innovate and use what they've learned in the workplace. When it comes to product-based IT enterprises, this is even more evident.
It's difficult to break into product-based businesses. Only the most experienced/qualified students are hired because the competition is fierce. When applying to a product-based organisation, the best approach to stand out is to make sure your resume is packed with abilities. This could be anything from a basic data science course to a certification in software testing.
When it comes to service-based businesses, reliability and consistency are paramount. Because the labour is usually straightforward and repetitious, students who choose to work for such organisations are progressively introduced to the working world.
Why Would You Want to Work for a Product-Based Company?
The IT industry is home to the majority of the top product-based organisations, and no one gives you more opportunity to grow and create than these companies. They create an environment that fosters curiosity and allows people to develop their skills.
You are at the cutting edge of innovation when you work for a product-based software corporation like Google or Apple. The thing about working in such a business is that it is highly gratifying. Employees are properly cared for, both mentally and financially, despite the fact that their jobs are performance-oriented and high-pressure.
Candidates with a large number of professional qualifications are given preference. People with advanced knowledge and the potential to grow are the best candidates for the world's top product-based enterprises.
Quality reigns supreme in product-based businesses. As a result, if you are a perfectionist, this is an excellent location to work. Furthermore, the profit potential of a product-based company is substantially higher than that of a service-based one.
In India, Here Is a List of Product-Based Businesses
We have compiled a list of India's top ten product-oriented businesses. Let's see which ones they are.
1. Adobe
John Warnock and Charles Geschke created Adobe Inc. in a garage in December 1982. Adobe Creek, which ran behind Warnock's house in Los Altos, California, inspired the company's name.
Adobe is a software company that specialises in multimedia and creativity.
The following are some of Adobe's best products:
Photoshop image editing software, Adobe Illustrator vector graphics editor, Acrobat Reader, and the Portable Document Format are all part of the Adobe Flash online software ecosystem (PDF)
One Interesting Adobe Fact: Steve Jobs attempted to purchase Adobe for $5 million in 1982, but Warnock and Geschke rejected. Because investors didn't want to annoy Steve Jobs, Apple purchased 19 percent of Adobe's stock, and Adobe became the first company in Silicon Valley to turn a profit in its first year.
2. Amazon
In today's world, Amazon does not require any introduction. On July 5, 1994, in Bellevue, Washington, USA, Jeff Bezos launched Amazon.
Amazon.com began as an online book marketplace, but it soon expanded to include electronics, video games, fashion, furniture, food, toys, jewellery, and almost anything else.
The following are some of Amazon's finest products:
Amazon.com is the world's most popular e-commerce site; cloud computing and AI-based goods, such as Amazon Alexa, Amazon Fire TV, and Amazon Kindle, are also available.
Amazon.com was chosen for two reasons: one, to convey scale (Amazon.com started with the motto "Earth's largest book store"), and two, because online listings were often alphabetical at the time.
3. Amdocs
In the Telecom Domain, Amdocs is the market leader in terms of goods and services. Amdocs was created by Morris Kahn in Israel in 1982.
For phone directory firms, Amdocs (formerly Aurec Information & Directory Systems) developed a billing software package.
The following are some of Amdocs' finest products:
Amdocs is a market leader in the telecommunications industry, with solutions such as ABP Amdocs billing, OSS and BSS-based technologies, CRM customer relationship manager, OMS, and more.
One Fun Fact About Amdocs: In November 2019, AT&T Corporation extended its collaboration with Amdocs with the goal of upgrading AT&T's digital support business and using DevOps.
4. BMC
BMC was created in September 1980 in Houston, Texas, by three Shell Oil employees, Scott Boulette, John J. Moores, and Dan Cloer. The initials of a company's surname are used to name it.
The following are some of BMC's best products:
The BMC Control-M software platform is a prominent tool that allows a company to execute hundreds of thousands of batch jobs each day and analyse the results to improve complex business operations.
BMC Software originated as a mainframe-only software company, but has been creating software to monitor, manage, and automate both distributed and mainframe systems since the mid-1990s, including Business service management, configuration management, Data Centre Management, Enterprise software, IT Operations Management, IT Services and Management, Mainframe computing, Service Asset, and Configuration Management.
BMC software is used by 84% of the Forbes Global 100 companies.
5. CISCO
Cisco was started in December 1984 by two Stanford University computer scientists, Leonard Bosack and Sandy Lerner. Their concept was focused on using a local area network (LAN) to connect geographically dispersed computers via a multiprotocol router system.
Cisco's market value grew from $224 million in 1990 to more than $500 billion in 2000.
Cisco's greatest products include the following:
Cisco develops, manufactures, and sells networking equipment. The Internet's backbone is made up of this hardware. Behind the user interfaces of your computer, smartphone, and tablet are the modems, switches, routers, and data centres. Catalyst 9100 Access Points, Catalyst 9600 Series Switches, Catalyst 9800 Series Wireless Controllers, 4000 Series Integrated Services Routers, Cisco DNA Centre, Nexus 9000 Series Switches, and Cisco Webex are a few of the most popular products.
One Interesting Fact About Cisco: The company was named after the magnificent city of San Francisco, and the Cisco system logo was inspired by the famous Golden Gate Bridge.
6. Facebook
In 2004, Mark Zuckerberg and five other Harvard fellows started Facebook.
Facebook has 2.50 billion monthly active users as of December 2019, making it the most popular social networking platform on the planet.
The following are some of Facebook's best products:
Facebook is a firm that specialises in social networking, advertising, and technology. Facebook, Instagram, Messenger, WhatsApp, Watch, Portal, Oculus, Calibra, Giphy, and other products like Messenger, Watch, and Portal are among the most popular.
One Interesting Fact About Facebook: In 2019, Facebook launched Libra Networks, a new firm dedicated to the development of its cryptocurrency. Visa, Mastercard, PayPal, and Uber are among the firms who contributed $10 million apiece to the launch of the Libra cryptocurrency coin.
7. Google
In 1996, two Stanford University Ph.D. students, Sergey Brin and Larry Page, established the Google search engine as one of their research projects. They devised a game-changing algorithm known as PageRank. The name was a misspelling of the term "googol," which was a typo of the word "googol." The first public offering (IPO) of Google took place in 2004. Google's Larry Page, Sergey Brin, and Eric Schmidt have opted to stay with the company until 2024.
The following are some of Google's best products:
Google is an Internet-related technology firm that offers products and services such as online advertising technologies, a search engine, cloud computing, software, and hardware. Google Search, Google Docs, Google Sheets, Google Slides, Gmail, Google Calendar, Google Drive, Duo, Hangouts, Google Translate, Google Maps, Waze, Google Earth, Street View, YouTube, Google Keep, Google Photos, and Google Chrome are some of the most popular products. Google Pixel, Chrome OS, and Google Home Google wifi, Google Daydream, Google Fibre, Google Fi, and Google Station are all trademarks of Google Inc.
Google made the decision in 2006 to give free city-wide wifi in Mountain View, California. Around the 2 mile Googleplex, Googlers ride 1,000 primary-colored beach cruisers with baskets.
8. Hewlett-Packard (HP)
Packard and Hewlett started part-time work in a rented garage with $538 in 1938. In 1939, they formed a partnership and chose the name Hewlett-Packard for their corporation. In August 1947, HP became a corporation, and in November 1957, it became public. They employed a small incandescent light bulb as a temperature-dependent resistor in a vital part of their circuit.
The following are some of Hewlett-best Packard's products:
Printers, digital cameras, scanners, calculators, Personal Digital Assistants, servers, workstation computers, home computers, and small business PCs were all introduced by HP. Software as a service, cloud computing solutions, and Software services, such as consulting, education, professional services, and support, were also developed by HP.
Hewlett-Packard has an interesting fact:
One of the first customers was Bud Hawkins, the Chief Sound Engineer of Walt Disney Studios, who purchased a couple of audio oscillators (Model 200B) for use in the film Fantasia.
9. Techasoft Pvt. Ltd.
Techasoft Pvt. Ltd. is a rapidly expanding IT firm that offers comprehensive IT solutions to enterprises across the globe. We specialise in software, website, and application development (iOS and Android), as well as UI/UX design and digital marketing.
The following are some of Techasoft's best products:
LeaderCRM, Doctor Click Away, School PNT, DR. Log, e-Learning, HRMS, E KART, ELM, Matrimony, Grocery.
They have roughly 12 service sites where they serve businesses from a variety of industries. They have previously ventured into the healthcare, food services, travel & tourism, logistics & shipping, e-commerce, banking, technology, manufacturing, and IT-enabled education service industries.
Techasoft currently employs a staff of highly skilled IT specialists who work around the clock to ensure that the company's services and promises are met. Software developers, web developers, designers, and digital marketing professionals make up our seasoned team.
10. Intel
Arthur Rock, Gordon E. Moore, and Robert Noyce co-founded Intel in 1968. It's a corporation that makes semiconductor chips for computer microprocessors. They were computer system manufacturers' suppliers, such as HP, Apple, Dell, and Lenovo. Intelligence information is what Intel stands for.
The following are some of Intel's best products:
SRAM and DRAM, motherboard chipsets, network interface controllers, integrated circuits, flash memory, graphics chips, embedded CPUs, and other communication and computing devices are all examples.
Intel's One Interesting Fact:
Intel's Intel Pentium processors are well-known. The x86 processor series was created by Intel and is used in the majority of personal computers around the world.
Once you enter these product-based enterprises in India, there is a lot to learn. Not only that, but you get to do a lot of exploring and see how your ideas come to life in front of your eyes and have a great impact on clients.
It's tremendously inspiring to watch people utilise your products or to have a huge impact on a large number of individuals all at once. It motivates you to do more than merely work for a living. It motivates you to put out your best efforts to improve the lives of your clients and employees.
So start preparing for your interviews right now if you want to work for one of India's leading product-based organisations.
