This white paper will discuss the challenges device development teams face today and how virtual prototyping can help meet them. With time, cost and quality as key concerns across the device supply chain, both semiconductor companies and OEMs are turning to virtual prototyping to shorten development cycles and buy time to better integrate and more thoroughly test new products. This paper introduces virtual prototypes and their usage as mainstream tools for earlier and faster software development, allowing software teams to develop, integrate, test and analyze software far in advance of hardware availability.