Collaborative Product Development (CPD) is a business strategy and collection of software applications that facilitates different organizations to work together on the development of a particular product in a limited period of time. Features:

1. Collaboration is the basis for bringing together the knowledge, experience and skills of multiple team members to contribute to the development of a new product.
2. As such  collaboration is the basis for concepts such as concurrent integrated product development.
3. Making the most collaboration requires a strategic, integrated approach.
4. 99Digits partnership agreements are based on development cost and future revenues from sales and maintenance.
5. 99Digits contributes to the development costs of technical and creative expertise.
6. Partner firms contribute to capital, marketing and distribution capabilities.
7. Both usually contribute specialized technology capabilities that lead to the development of highly complex products or systems.

Advantages:

1. Competitiveness – Collaboration increases the competitiveness and innovation of new technology.
2. Competitive Advantage – The benefits of using external organizations groups or teams to bypass the organizations technology would increase the competitive advantage.
3. Profit – Limited risk to both parties as the scope; price and timelines are fixed in this model.
4. Knowledge Transfer – CPD benefits both clients and the developers ‘benefits in sharing their knowledge..
5. Strategic Value – Without giving up the organizations fixed assets can create strategic value.
6. Data Sharing – Companies can facilitate comprehensive, real-time in-process data sharing.