GLASGOW, SCOTLAND, 15th August 2023 – A Scottish technology startup, Fieldimp, has launched Requiment, a new groundbreaking AI powered tool to address a known technology industry challenge: project overruns due to inadequate requirements gathering and management.
Industry studies show a shocking 70% of digital transformation projects fail. Other studies show that 70% of those failures are due to issues with requirements. Even when projects are successful the average project is around 30% over budget.
Requiment is a product spun out of Pulsion Technology, a successful software development company with 28 years experience of developing hundreds of software projects. After identifying a critical need for improved requirements definition, Pulsion introduced Requiment, an AI-driven requirements gathering and management tool poised to transform the landscape of digital transformation projects.
Requiment helps users define requirements accurately by prompting step-by-step questions to ensure requirements are structured and detailed. Utilising the power of AI, Requiment will produce a full requirements specification document, generate wireframes of the product, and create the corresponding tasks for the development team. Requiment saves users time and money, by ensuring requirements are clearly defined from the outset of the project. Requiment’s aim is to make software requirements gathering more accurate, agile, efficient and ultimately, lead to more successful projects.
John McGuire, MD & Founder of Pulsion, emphasises the pivotal role of Requiment: “We see more issues with scoping and requirements capture than with any other area of software development projects. Some of these issues can be terminal for the project or even the organisation. We believe Requiment improves the quality, reduces the risk and save times and money in this vital area of developing digital solutions. Time spent on our requirements process has been reduced by 80% with much more accurate definition and less room for overruns”
Requiment is offered as a user-friendly Software as a Service (SaaS) product, accessible through a standard web browser. The system caters to users of all levels, eliminating the need for specialised IT skills. Whether you’re a seasoned software developer or a novice business analyst, Requiment empowers you to steer your projects toward success.
Early adopters of Requiment have praised its transformative impact, with one user commenting: “Very helpful as it made me think about more hidden requirements surrounding usability, security and performance. The feature to create wireframes instantly, has allowed us to rapidly generate very detailed and accurate designs and quickly reach agreed requirements with stakeholders.”
Pulsion Technology has now invested in setting up a separate startup company, Fieldimp, to take forward the Requiment product and are poised to reshape the future of digital transformation. By addressing the root cause of project failures and offering an intuitive AI-driven solution, Requiment paves the way for streamlined collaboration, minimised ambiguity, and maximised efficiency in software projects.