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					<url>19253756https://infinum.com/uploads/2024/04/Productization_blogpost-hero-ig-min.webp</url>
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				<title>Productization 101 – How to Make Your Product the Next Big Mac</title>
				<link>https://infinum.com/blog/productization/</link>
				<pubDate>Tue, 30 Apr 2024 14:04:32 +0000</pubDate>
				<dc:creator>Ante Pelivan</dc:creator>
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					<![CDATA[<p>The post <a href="https://infinum.com/blog/productization/">Productization 101 – How to Make Your Product the Next Big Mac</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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	<strong>We explore the concept of productization and uncover the value it offers to businesses and consumers alike. Discover why companies are shifting to a product-first approach and why productization is not a passing trend. </strong></p></div>	</div>

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	What do iPhone, Big Mac, MS Office, and Mailchimp have in common? They&#8217;re vital in shaping our experiences with their respective brands – how we form relationships with them. You don&#8217;t know Tim Cook personally, but you know the iPhone like the back of your hand (probably because it&#8217;s always in your hand).</p></div>	</div>

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	Besides being a relationship touchpoint, these products also serve as a means by which companies provide value to us. Ultimately, what we&#8217;re paying for. They&#8217;re products – items a business can <strong>easily reproduce by repeating a production process</strong>. At the same time,  customers know their price and the value they&#8217;re getting.</p></div>	</div>

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	In this article, we&#8217;ll discuss <strong>productization</strong> with a particular focus on digital products. We&#8217;ll also provide some well-known examples and uncover the underlying value this process offers to businesses and consumers alike. More specifically, we&#8217;ll highlight why today&#8217;s companies are shifting to a product-first approach and why it&#8217;s a trend that will stay.</p></div>	</div>

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	What is productization? </h2></div>	</div>

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	The key to productization is making items according to the same standard. As we said, the name of the game is <strong>repeatable and reproducible</strong>. Every Big Mac is (almost) the same. So is the iPhone, MS Office, or Mailchimp. When buying these items, you know what to expect.&nbsp;</p></div>	</div>

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	However, even though these examples are household names, <strong>productization</strong> <strong>isn’t just slapping a fancy name on something</strong> and calling it a day. A distinctive name accompanied by a sleek visual style can impact the adoption of your product, but if your product isn’t much to begin with, <a href="https://infinum.com/blog/digital-product-idea-validation/" target="_blank" rel="noreferrer noopener">no copy or design will make it work</a>.</p></div>	</div>

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	Real productization of business capabilities is a serious endeavor. We can show this on a simple McKinseyian chart. All services and products live somewhere on this scale.</p></div>	</div>
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	Very rarely does a product fall strictly on one of the poles. Think of an off-the-shelf thing like a bottle of wine: you can’t customize it, but you can buy the same type of wine from the same winemaker but from a different year – a kind of customization. Or think of custom-made furniture. It’s made specifically for you and your living space. But still, there are some components that your carpenter probably re-used from past orders.</p></div>	</div>

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	<strong>Productization</strong> is the process of moving your product or service offering to the right.</p></div>	</div>
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	The opposite of productization would be <strong>“craftifying.”</strong> A made-up word, but you get the gist. It’s about making something less standardized – just think of all the specialty coffee places popping up. </p></div>	</div>
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	While unique, custom, or just less standard products have their place in the market, productization paves the way to scalability. It allows businesses to streamline operations, simplify production, and reduce costs.</p></div>	</div>

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	What you get from productization</h2></div>	</div>

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	Today&#8217;s startup founders and CEOs are taking a very serious look at the productization of business capabilities. For example, a real estate organization offers mortgage underwriting, and a software consulting company offers cloud architecture services. Both companies could do this for each client individually, or they could look for parts of their service that can be standardized, reproducible, and repeatable. </p></div>	</div>

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	This is where the business value lies, and great business leaders are always on the lookout for productization opportunities. They know the huge <strong>benefits productization can bring</strong>.</p></div>	</div>

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	Scalability </h3></div>	</div>

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	A strong productization strategy enables companies to scale their offerings more efficiently. </p></div>	</div>

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	<strong>Instead of creating bespoke solutions for each customer, businesses can sell a standardized product to multiple customers who likely have the same need, thus achieving every MBA’s wet dream – the economy of scale.</strong></p></div>	</div>

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	For example, with TurboTax, customers can file end-of-year taxes without needing a professional team. Everything from expense tracking to paperwork and even filing can be done remotely. How long would it take for TurboTax’s employees to collect, prepare, and file taxes for each customer individually? Not to get too technical, but the correct answer is <em>googol</em> years (just google it).</p></div>	</div>

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	With productization, you can <strong>offload some of the work to your customers</strong>, lowering your operational costs and boosting scalability. In this example, customers are entering the tax info themselves.&nbsp;</p></div>	</div>

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	Pricing strategies</h3></div>	</div>

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	A standardized product allows you to use standardized pricing. Instead of estimating, quoting, and negotiating the price every time for every customer, you can show it upfront. If you’ve done a good job defining the product and the value it brings to your target customers, <strong>the price will look and feel just right to them</strong>.</p></div>	</div>

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	This doesn’t mean you have to have a single price. You can play around with some<strong> impactful pricing models</strong>, such as:</p></div>	</div>

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	<li>tiered offerings</li><li>subscriptions</li><li>bundles</li><li>trials </li></ul></div>	</div>

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	<strong>By offering multiple products at different price points, you can segment your customers by loyalty and lifetime value, which will allow you to predict future revenue with more reliability.</strong></p></div>	</div>

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	The software-as-a-service (SaaS) industry has used these strategies to great success. Take streaming, for example; instead of paying per song, movie, or show download, users can pay a flat price for a limited license. </p></div>	</div>

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	Cost-effectiveness</h3></div>	</div>

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	By productizing your offerings, you can streamline your processes, reduce customization efforts, maximize resource focus, and achieve economies of scale. You don’t need to hire a McKinsey consultant to know that all those things are good for business.&nbsp;</p></div>	</div>

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	You get lower production costs, improved efficiency, and higher profit margins. For example, Apple keeps its <a href="https://infinum.com/blog/software-supply-chain-security/">supply chain </a>tight and lean, with only a few types of chips and essentially one operating system, by making products instead of custom offerings. Keeping the moving parts to a minimum, they boost their profit.</p></div>	</div>

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	Faster time-to-market</h3></div>	</div>

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	Productization eliminates the need for lengthy customization or development cycles, allowing you to bring your product to market faster and capitalize on opportunities ahead of the competition.</p></div>	</div>

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	Changing or upgrading a product is easier than making one from scratch for each customer. In the digital world, this unfolds on steroids. You can ship changes to your digital product in a few weeks. This way, you&#8217;ll quickly learn what works well for your target market and what doesn&#8217;t, so you can <strong>make changes, ship it again, and repeat the cycle</strong>. Repeatable and reproducible, remember?</p></div>	</div>

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	What your customers get from productization</h2></div>	</div>

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	Productization can work wonders for your business model, but as you’ve probably learned in high school econ, markets are made up of both sellers and buyers. Supply and demand. So, let’s look at the demand side of things: what do customers gain when you productize your offer?&nbsp;</p></div>	</div>

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	<strong>Affordability</strong></h3></div>	</div>

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	Companies pass (some of) the savings from productization on to their customer base. Many people can now afford a marvel of tech called a smartphone because it’s been productized.</p></div>	</div>

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	<strong><strong>Reliability and consistency</strong></strong></h3></div>	</div>

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	Why did you visit McDonald’s on your last trip to a foreign country? It’s simple – you knew what to expect. Productized offerings are often well-tested, and there are rarely unpleasant surprises.</p></div>	</div>

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	<strong><strong><strong>Faster implementation (or delivery)</strong></strong></strong></h3></div>	</div>

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	Since productized solutions are pre-packaged and standardized, they can be implemented more quickly than customized solutions. Customers benefit from a faster deployment and start experiencing the product&#8217;s value sooner.</p></div>	</div>

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	<strong><strong><strong><strong>Ongoing support and updates</strong></strong></strong></strong></h3></div>	</div>

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	Productized solutions often come with dedicated support channels and regular updates. Customers can access documentation, training, and technical assistance, ensuring they receive ongoing value and stay up-to-date with the latest features and improvements.</p></div>	</div>

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	<strong>Transparency</strong></h3></div>	</div>

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	Customers can understand the unit of value they’re getting – an item, monthly subscription, number of meals, number of seats, options in the software tool, and so on. </p></div>	</div>

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	<strong><strong>Lower barriers to usage</strong></strong></h3></div>	</div>

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	Things like simplified choice and easier purchase and payment make using products more convenient than going for a custom-made service that involves a lot of ping-ponging between a customer and a company.</p></div>	</div>

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	What productization looks like in the real world</h2></div>	</div>

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	Productization is all around us. From your vitamin packs to personal care kits, companies and customers are capitalizing on the opportunity to productize more often. Here are some more common examples.</p></div>	</div>

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	<strong>Enterprise SaaS platforms</strong></h3></div>	</div>

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	Companies like <a href="https://www.salesforce.com/" target="_blank" rel="noreferrer noopener">Salesforce</a>, <a href="https://slack.com/" target="_blank" rel="noreferrer noopener">Slack</a>, and <a href="https://www.dropbox.com/" target="_blank" rel="noreferrer noopener">Dropbox</a> have converted their traditional software solutions into subscription-based services accessible via the cloud. These platforms merge and simplify complex functionalities such as CRM, team collaboration, and file storage, making them easily deployable and scalable for businesses.</p></div>	</div>

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	<strong><strong>Meal delivery services</strong></strong></h3></div>	</div>

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	<a href="https://www.hellofresh.com/" target="_blank" rel="noreferrer noopener">HelloFresh</a>, <a href="https://www.blueapron.com/" target="_blank" rel="noreferrer noopener">Blue Apron</a>, and <a href="https://www.homechef.com/" target="_blank" rel="noreferrer noopener">Home Chef</a> have made home cooking easier by delivering pre-portioned ingredients and recipes to customers&#8217; doors. These productized services streamline meal planning and grocery shopping, offering convenience and reducing food waste.</p></div>	</div>

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	<strong><strong><strong>E-learning platforms</strong></strong></strong></h3></div>	</div>

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	<a href="https://www.coursera.org/" target="_blank" rel="noreferrer noopener">Coursera</a>, <a href="https://www.udemy.com/" target="_blank" rel="noreferrer noopener">Udemy</a>, and <a href="https://www.skillshare.com/" target="_blank" rel="noreferrer noopener">Skillshare</a> offer a wide range of courses and tutorials accessible to learners worldwide. By packaging expert knowledge into bite-sized lessons with interactive features, these platforms make learning flexible, affordable, and accessible.</p></div>	</div>

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	<strong><strong><strong><strong>Smart home devices</strong></strong></strong></strong></h3></div>	</div>

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	Companies like <a href="https://nest.com/" target="_blank" rel="noreferrer noopener">Nest</a>, <a href="https://ring.com/" target="_blank" rel="noreferrer noopener">Ring</a>, and <a href="https://www.philips-hue.com/" target="_blank" rel="noreferrer noopener">Philips Hue</a> provide smart devices for home automation. These devices, including smart thermostats, video doorbells, and smart light bulbs, offer convenience, security, and energy efficiency through remote control via smartphone apps or voice commands.</p></div>	</div>

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	<strong><strong><strong><strong><strong>Digital marketing tools</strong></strong></strong></strong></strong></h3></div>	</div>

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	<a href="https://mailchimp.com/" target="_blank" rel="noreferrer noopener">Mailchimp</a>, <a href="https://www.hootsuite.com/" target="_blank" rel="noreferrer noopener">Hootsuite</a>, and <a href="https://buffer.com/" target="_blank" rel="noreferrer noopener">Buffer</a> simplify content marketing with platforms for email marketing, social media management, and content scheduling. These tools empower businesses to effectively execute and analyze marketing campaigns without specialized expertise or extensive resources.</p></div>	</div>

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	Introducing productization in your business</h2></div>	</div>

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	Step 1: Define productization target</h3></div>	</div>

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	A strong productization strategy relies upon<strong> data and insights</strong> into the surroundings of your business.&nbsp;</p></div>	</div>

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	Start by answering these questions:</p></div>	</div>

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	<li>Who are my core customers?</li><li>Where does the majority of my business come from? What offering brings in the most business for my company?</li><li>What unique value do I provide to my current clients? How is this different from my competitors? </li><li>What services and products are my core business competencies? What products and services do I want to avoid? </li></ul></div>	</div>

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	<strong>Rank the volume of demand </strong>for each of your offerings and segment the value each offering produces annually for your business. This will tell you what business area drives the most value to your company.&nbsp;</p></div>	</div>

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	Next, identify which offerings have <strong>clear deliverables, pricing, and associated timelines</strong>. </p></div>	</div>

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	Here lies an opportunity to package an offering or offerings into a successful product. If the value between offerings differs between customer types or seasons, try stratifying your products through price positioning with levels or tiers to attract a wider audience. Always keep in mind the average <strong>lifetime value of customer segments</strong>; don’t chase bigger one-off purchases at the expense of a slow-burn segment. Productization is a long play aimed at creating a sustainable revenue stream from your target market.</p></div>	</div>

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	Step 2: Standardize</h3></div>	</div>

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	In the next step, work to <strong>standardize your most popular offerings</strong>. Here’s where the deep knowledge of your work process comes into play – you need to create checklists, templates, repeatable algorithms, and structure for your way of working. What’s the smallest unit of value you can provide to potential customers and reproduce infinitely? That’s where most of your standardization efforts should focus.</p></div>	</div>

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	<strong>Consider adding a subscription or premium offering for your repeat customers. This will help make your revenue more steady, and you can confidently plan your business’s growth.</strong></p></div>	</div>

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	When providing options to your users,<strong> err on the side of off-the-shelf</strong>. Four tiers are better than five, three better than four, and ideally, you’d have one or two tiers with some add-ons if applicable. Analysis paralysis plagues customers&#8217; decision-making, and you’ll lose some business and revenue just because you went overboard with options.</p></div>	</div>

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	Step 3: Innovate, test, iterate</h3></div>	</div>

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	Don’t get complacent. Even if your initial productization effort succeeds, there’s always room for improvement, either by acquiring new users or by entering a new (or adjacent) market.</p></div>	</div>

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	Gather customer feedback constantly to inform product updates, changes, and new launches. <strong>Leverage user interviews, in-app surveys, and standardized customer satisfaction measures </strong>like NPS or SUS. Standardized metrics will tell you how you measure up with others without needing to actually survey their users. It’s a neat trick in any product manager&#8217;s sleeve.</p></div>	</div>

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	<strong>Iterating is good; shipping often is better. </strong>Plan updates (improvements of current features) and upgrades (new features) in small increments that allow you to ship frequently. A constantly improving product wins over a product that grows stale and then releases a huge version 2.0. By that time, people have already moved on.</p></div>	</div>

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	Ready to start productizing?</h2></div>	</div>

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	Harnessing the power of productization can benefit both your business and your customers. Your current offering might entail a seed of a future iPhone, MS Office, or Mailchimp. All of those started as unique white-glove offerings and then became the staples of their respective industries through productization.</p></div>	</div>

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	If you need any help figuring out what services you can productize in your business, <a href="https://infinum.com/contact/" target="_blank" rel="noreferrer noopener">drop us a line</a>.</p></div>	</div>
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</div>		</div>
	</div><p>The post <a href="https://infinum.com/blog/productization/">Productization 101 – How to Make Your Product the Next Big Mac</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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					<url>45354https://infinum.com/uploads/2023/11/How-to-write-a-good-project-hero.webp</url>
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				<title>What Is a Project Brief and How to Make Yours Fail-Proof</title>
				<link>https://infinum.com/blog/what-is-a-project-brief/</link>
				<pubDate>Thu, 02 Nov 2023 11:23:51 +0000</pubDate>
				<dc:creator>Zach Casey</dc:creator>
				<guid isPermaLink="false">https://infinum.com/?p=45354</guid>
				<description>
					<![CDATA[<p>What is a project brief? Master the delicate art of writing this foundational document that will set up your project for a great start. </p>
<p>The post <a href="https://infinum.com/blog/what-is-a-project-brief/">What Is a Project Brief and How to Make Yours Fail-Proof</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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	<strong>What is a project brief? It might seem self-explanatory, but the art of writing a well-thought-out and well-structured project brief is not to be underestimated. After all, this foundational document is the first step toward a successful project. </strong></p></div>	</div>

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	Looking to start a digital product development project? It doesn’t matter whether it’s a large-scale, ambitious plan or you just want to add a couple of functionalities to an existing solution to capture your target audience better. It’s not that important if you already have a feature roadmap or just the seedling of an idea. Whatever your situation may be, there is one document you’re sure to encounter at the very start – a project brief. </p></div>	</div>

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	The detailed document that helps get your entire project off the ground is probably well-known to those who’ve already done many excursions into the digital world but may be an enigma for those with less experience. </p></div>	</div>

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	With almost 20 years of successful project work under our belt, we’ve seen as many briefs as we have clients – great ones, mediocre ones, and outright terrible ones. </p></div>	</div>

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	Allow us to share some tips so you can make sure your brief falls into the first category.</p></div>	</div>

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	What is a project brief? The document that helps us help you</h2></div>	</div>

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	One of the main purposes of a project brief is to ensure alignment between everyone involved: project stakeholders, project managers, designers, developers, clients. Before commencing the actual project, it’s of crucial importance that everyone is one the same page regarding the main goals, parameters, and project objectives. </p></div>	</div>

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	<strong>A project brief is a concise document that a client creates to outline the key details of their engagement with a digital agency. It contains the key objectives, scope, and requirements of a digital product or project.</strong></p></div>	</div>

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	<strong>This is how a project brief helps you:</strong></p></div>	</div>

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	<li>Pushes you and your team to be intentional about what you’re setting out to do</li><li>Makes you validate the key pieces of information that go into a project plan</li><li>Saves time on explanations</li><li>Lowers the possibility of misunderstandings</li><li>Reduces the time from the initial contact to decision-making</li></ul></div>	</div>

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	<strong>This is how a project brief helps us:</strong></p></div>	</div>

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	<li>Allows us to understand the foundations of a project</li><li>Serves as a great starting point for our discussion about creating something valuable</li><li>Enables us to organize your workshop and de-risk your project</li><li>Gives us grounds on which to check availability and put together a project team</li><li>Helps us to give you more accurate and more timely estimates</li></ul></div>	</div>

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	You will notice that the benefits for us also translate into benefits for you. By providing the project details, you&#8217;re giving us a tool we can use to support you better. </p></div>	</div>

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	How to write a good project brief</h2></div>	</div>

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	When writing a project brief, these are the five core questions you want to answer: <strong>what, why, for whom, when, and how much</strong>.&nbsp;</p></div>	</div>

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	What</h3></div>	</div>

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	What is it that you want to build? Is it a mobile app, a web app, or maybe both? Is it a platform for an IoT system? Maybe it’s really specific: a mobile application for booking hair styling services built in Flutter. Give us a high-level project overview, as much or as little as you know. And by all means, support it with any links, resources, or other prep work that has been created. </p></div>	</div>

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	Why</h3></div>	</div>

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	What problem does your future digital product solve? Don’t worry, we’ll define that in detail during the discovery process, but it’s better for you to think about it beforehand. Knowing why you’re doing what you’re doing will help you make important decisions that await you. Here’s a great example of one of our clients&#8217; why: <a href="https://infinum.com/work/mara/">because people in Africa lack the right tools to manage their finances independently</a>. </p></div>	</div>

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	For whom</h3></div>	</div>

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	You need to know your users. Again, we’ll explore that in much more detail later on, but chances are you already have a pretty solid grasp of your target audience. Are they in their 20s or in their 50s? Tech-savvy or not so much? You are (or might be) our client, but the product is not about you, it’s all about them.&nbsp;</p></div>	</div>

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	When</h3></div>	</div>

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	What is your projection for when you would like to have a working product out in the world? Are there any strict deadlines to follow? Your <em>when</em> is another important factor in setting up the project because we need to check our teams’ availability. It can also influence your project scope – if you’re really pressed for time, you might be wise to reduce the number of features or just go with the MVP.</p></div>	</div>

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	How much</h3></div>	</div>

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	Finances are a sensitive issue people tend to get anxious about, but in this case, our best advice is – don’t be. This is not a poker game. It’s best that you’re upfront with your budget because that allows us to support you in the best way possible within the given limitations. Don’t ask how much it costs, but rather ask us <a href="https://infinum.com/blog/how-much-does-it-cost-to-make-an-app/#bucket-story">how we can fill your bucket</a>. </p></div>	</div>

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	The contents of a project brief</h2></div>	</div>

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	Now that you’ve successfully answered the question “What is a project brief?” and gained a better understanding of what you are actually after, we can get more practical. Here are some of the common categories that usually populate project briefs. We’d be happy to have all of these defined, but if you can only provide a few, don’t worry. We will help you fill in the blanks. </p></div>	</div>

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<figure class="wp-block-table is-style-stripes"><table><tbody><tr><td></td><td><strong>Project overview</strong></td><td>Your <em>what</em> and your <em>why</em> are at the forefront here. Lay out the basics but keep it…brief.</td></tr><tr><td></td><td><strong>Business goals and OKRs</strong></td><td>What do you want to achieve? Attract new users, provide better service to existing ones, enter a new market or include a new demographic? For example “a thousand new users in one year.”</td></tr><tr><td></td><td><strong>Scope and technical requirements</strong></td><td>Your desired features, functionalities, and any constrains. Are there any specific technical specifications or technologies that need to be used or considered in the development process? For example, platform compatibility, hosting requirements, or integration with other systems.</td></tr><tr><td></td><td><strong>Challenges</strong></td><td>What might present the biggest hurdle during the course of the project?<br></td></tr><tr><td></td><td><strong>Design materials and assets</strong></td><td>Any existing designs, UI/UX wireframes, journey maps, sketches, etc. Any branding material including logos, color themes, typographies, and the like.&nbsp;</td></tr><tr><td></td><td><strong>Target audience research findings and data analytics</strong></td><td>Third-party research and analysis, user feedback and testing results, customer geographical and demographical information, and traffic data, if available.</td></tr><tr><td></td><td><strong>Project timeline and key milestones</strong></td><td>Your <em>when. </em>If there are specific deadlines you need to adhere to in order to secure funding, meet fiscal requirements, opportunise on a specific market trend, let us know so we can manage the project timeline. It is also very useful to provide a best case/worst case time frame.</td></tr><tr><td></td><td><strong>Budget and resources</strong></td><td>Your <em>how much</em>. Don’t forget, this one is very important. Along with the budget, you can also include information about the resources required, including personnel, tools, and materials.</td></tr><tr><td></td><td><strong>Links to existing products in the market</strong></td><td>Do you already have some digital products in your portfolio? If so, we’d like to know about them. Bonus points if you have demos available.</td></tr><tr><td></td><td><strong>Competition</strong></td><td>Another thing we’re sure to tackle during discovery workshops, but if you already know who your main competitors are, let us know. Feel free to include similar or complementary products we can draw inspiration from or use as an example of what <em>not</em> to do.</td></tr><tr><td></td><td><strong>Contact information, communication tools</strong></td><td>Seemfully self-evident, but often overlooked. Provide the names and contact information for team members who will be the main points of contact during the project’s course. You can also add their role, level of involvement in the project, and their area of expertise. Identify the key stakeholders and decision-makers. If there’s a preferred communication method, let us know.</td></tr><tr><td></td><td></td><td></td></tr></tbody></table></figure>
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	This list is by no means exhaustive. However, it should serve as guidance as to what we find useful when starting a project. Sometimes clients will sit on all this information and never think that it might be relevant for the product they’re setting out to build. The list above gives your team a great resource to align internally before you approach us or any other partner. It will be a great asset during the preparatory phase.</p></div>	</div>

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	What a project brief doesn’t need to contain</h2></div>	</div>

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	Reading the list above, you might be fooled into thinking that the more you provide, the better. That isn’t necessarily true. While we’ve seen project briefs that are basically “I need an app” written on a post-it, we’ve also seen clients overdo it. </p></div>	</div>

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	So – as much as it’s ill-advisable to define things by what they are <em>not</em> – in this case, we find it useful to point out a couple of items you might think would be wise to include, but in reality would be of little use to us. </p></div>	</div>

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	Here are the dont’s for a project brief:</p></div>	</div>

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<figure class="wp-block-table is-style-stripes"><table><tbody><tr><td><strong>Everything you have</strong></td><td>Half of it might not be what we need, and half of it might not be what we want.</td></tr><tr><td><strong>Information about adjacent unrelated products</strong></td><td>Sometimes clients have a large and diversified product portfolio, and some of these products belong to their other branches or have little connection to the product at hand.&nbsp;<br></td></tr><tr><td><strong>Patent and IP information</strong></td><td>It’s ok, we trust you on this.<br></td></tr><tr><td><strong>Legal documentation</strong></td><td>Let’s try to avoid the situation where we have to get our own legal advisor to help us decipher what’s relevant for our project. If there is some legal limitation or requirement really important for the product itself, just sum it up briefly.</td></tr><tr><td><strong>Team information and biographies</strong></td><td>The contact information as described above will suffice. If you want to provide some additional info about the people who’ll be working on the project, a link to their LinkedIn profile will do.<br></td></tr><tr><td><strong>Marketing material</strong></td><td>Not to be confused with branding materials mentioned above. Only include that which is branding-focued or influences the UX and design in some way.<br></td></tr><tr><td><strong>Fundraising disclosure</strong></td><td>That’s entirely your thing. We’re happy with your overall budget information.</td></tr><tr><td></td><td></td></tr></tbody></table></figure>
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	Sometimes more is better, and sometimes more is just – more. When we’re sifting through hundreds of pages of unnecessary documentation, we’re losing time, and you know what time is on a project.</p></div>	</div>

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	What is a project brief? Time to put it to work. </h2></div>	</div>

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	Hopefully, our guide helped you understand what makes a solid project brief. Before jumping to making this into a to-do list, it’s important to understand the idea behind it. The purpose of a project brief is to present us with the right information, so we can support you better.</p></div>	</div>

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	When you have all your info in order, it will be much easier for you to start a conversation with your future design and development partner, and it will be immensely easier for that partner to set up your project on the right track from the very start. </p></div>	</div>

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	And if you want a really brief answer to the question above, it’s – <a href="https://infinum.com/contact/">contact us</a>, of course.</p></div>	</div>
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	</div><p>The post <a href="https://infinum.com/blog/what-is-a-project-brief/">What Is a Project Brief and How to Make Yours Fail-Proof</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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				<title>The Only Apple Vision Pro(s) and Cons List You&#8217;ll Need</title>
				<link>https://infinum.com/blog/apple-vision-pros-and-cons/</link>
				<pubDate>Fri, 23 Jun 2023 12:50:01 +0000</pubDate>
				<dc:creator>Ante Pelivan</dc:creator>
				<guid isPermaLink="false">https://infinum.com/?p=39650</guid>
				<description>
					<![CDATA[<p>A smoking gun to whip out when your friends engage in Apple Vision Pro debates armed with nothing but their platform allegiance.</p>
<p>The post <a href="https://infinum.com/blog/apple-vision-pros-and-cons/">The Only Apple Vision Pro(s) and Cons List You&#8217;ll Need</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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	<em>Note: This post has been updated on February 7 to include the information about Vision Pro&#8217;s launch. </em></p></div>	</div>

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	On February 2, 2024, Apple&#8217;s highly aniticipated Vision Pro mixed reality &#8220;spatial computing&#8221; headset finally made its way into the hands of the users. As the reviews pour in, we share the perspectives of our product strategists Ante and Zach, who commented on Apple&#8217;s revolutionary product back when it was first announced on WWDC23. </p></div>	</div>

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	Just like the original announcement sparked excitement and applause among many supporters while leaving others underwhelmed, our strategists had opposite opinions on this new immersive piece of technology. </p></div>	</div>

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	But first, 12 fast facts about Apple Vision Pro</h2></div>	</div>

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	<li><a href="https://www.apple.com/apple-vision-pro/" target="_blank" rel="noreferrer noopener">The Vision Pro</a> is priced at $3,499 and is available for purchase from February 2024</li><li>Apple&#8217;s VisionOS is powered by the same M2 processor used in its Mac products</li><li>Apple Vision Pro utilizes input from 12 cameras, six microphones, and five sensors (including LiDAR)</li><li>Apple has designed a companion chip, the R1, to process multi-modal sensor data</li><li>Latency is as low as 12 milliseconds</li><li>Apple Vision Pro is the first VR headset with &#8220;eyesight&#8221; or passthrough eyes, enabling users to interact more naturally while wearing the device</li><li>It is also the first VR headset without controllers, fully enabled by gestures and eye movements</li><li>The inclusion of a 3D camera allows users to experience memories spatially</li><li>Additionally, it is the first VR headset to show the user&#8217;s full face in a video call, showcasing their complete persona</li><li>The device utilizes passthrough to display AR/MR content, similar to Meta Quest Pro</li><li>It features a digital crown for adjusting immersion degrees and seamlessly switching between VR and AR/MR</li><li>It is compatible with many customized iOS apps available today</li></ul></div>	</div>

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	Why Product Strategist Ante thinks Apple Vision Pro is doomed</h2></div>	</div>

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	1</p>	<div class="bullet__content">
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	Lack of attractiveness</p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	iPod, iPad, iPhone, AirPods, and Apple Watch were all aesthetically appealing and exuded high status and intelligence. In contrast, Apple Vision Pro lacks that attractiveness. When wearing it, users resemble entry-level human batteries ready to be submerged in Matrix pods. Apple isn&#8217;t leveraging its strengths here.</p>	</div>
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	Tech-oriented, not user-driven </p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	Vision Pro is a remarkable piece of hardware built upon thousands of patents and powered by two new chips working in tandem. However, there hasn&#8217;t been a significant demand for it. Putting on fancy goggles doesn&#8217;t solve any major customer problems. While there are specific use cases, they cater to niche markets, such as telesurgery. It&#8217;s unlikely that Apple can sell millions of Vision Pros to surgeons alone.</p>	</div>
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	3</p>	<div class="bullet__content">
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	Budget-unfriendly</p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	With a price tag of $3,500, Vision Pro falls outside the &#8220;treat yourself&#8221; budget. It won&#8217;t become the next essential device for everyone. It will remain a luxury item for the wealthy. Apple has excelled at designing and manufacturing products that are affordable for the masses. However, with such a hefty price, Vision Pro feels more like an investment than an accessible device.</p>	</div>
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	4</p>	<div class="bullet__content">
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	Limited app availability</p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	Designing, developing, and testing mobile apps is already a complex and expensive process. Now imagine the additional complexity of creating &#8220;spatial computing&#8221; apps. How does one even conduct quality assurance for those? Apple&#8217;s App Store is its cash cow. Without a significant user base, an App Store for spatial apps won&#8217;t emerge, resulting in limited app availability.</p>	</div>
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	5</p>	<div class="bullet__content">
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	Societal and regulatory pressures </p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	Screens have had detrimental effects on society, evident in increased depression rates and heightened polarization. Regulators worldwide have been quick to impose fines and enact restrictive legislation. Introducing a device that completely disconnects users from their real-life social circles may attract additional scrutiny. This could lead to an AR/VR device tax akin to taxes on tobacco or alcohol.</p>	</div>
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	Reasons Product Strategist Zach thinks Vision Pro is a game-changer</h2></div>	</div>

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	Vast and verified opportunity</p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	As the world&#8217;s most valuable company, Apple dominates across all sectors. With a proven track record of success, they don&#8217;t make bets like these without extensive research. Meta, a world leader in the field, holds a strong position as well, boasting ownership of Instagram, Facebook, WhatsApp, Oculus, and Messenger.<br><br>When Meta (formerly Facebook) rolled out the Quest Pro VR headset in October 2022 <a href="https://infinum.com/blog/digital-product-idea-validation/" target="_blank" rel="noreferrer noopener">after a costly rebranding effort in 2021</a>, they focused on acquisitions in augmented, virtual, and mixed reality, covering both hardware and software. According to the New York Times, Meta invested a staggering $10 billion in the Metaverse in 2021! In Q1 2022, the market experienced 240% growth, with Meta holding a 90% share, according to IDC. <br><br>Although Meta currently leads the VR space, Apple&#8217;s entry suggests a substantial and achievable market opportunity for the hardware giant. It also demonstrates Apple&#8217;s competitive stance against companies like Facebook, which faces threats due to Apple&#8217;s longstanding policy of charging developers a 30% commission on all sales and in-app purchases made through the platform, closed architecture design, and updated privacy policy.</p>	</div>
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	Platforms are leading the way – not consumers</p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	Platform companies like Apple and Android exert significant influence over the application market, enabling tech platforms such as Airbnb, Facebook, Discord, and Slack to reach a broader customer base. Without the app store and native mobile capabilities, these advancements would not have progressed as rapidly or achieved the same level of quality or adoption.<br><br>Mobile platforms like Apple and Android shape the fate of the companies and talent developing on top of them. While consumers have some influence, companies with access to user data, like Apple, gain insights and understand needs long before consumers even realize them. Additionally, these companies have the financial resources to invest in future research and development. It&#8217;s time to embrace change and recognize its inevitability.</p>	</div>
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	The inventor vs. the innovator misconception</p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	Apple is often recognized as one of the world&#8217;s most innovative companies. But take a closer look, and you’ll notice that their success lies in refining and commercializing inventions from other companies. <br><br>The iPhone wasn&#8217;t the first smartphone, yet it controls 92% of the global smartphone market&#8217;s profits. The Apple Watch was not the first smartwatch either, as Android fans are quick to point out. However, within one-quarter of its release, it reduced Samsung&#8217;s global market share of smartwatches from 74% to 8%.!<br><br>The theory of the &#8220;first mover advantage&#8221; established in the early days of the tech industry in the 1980s was largely discredited by Peter Golder and Gerard Tellis at USC in 1993. They discovered that nearly half of the pioneering companies fail, and those that succeed generally have lower average market shares compared to later entrants.</p>	</div>
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	The rise of the phytigal world</p><p	class='typography typography--size-16-text-roman js-typography bullet__paragraph'
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	Consumers consistently prefer faster download speeds, higher data rates, improved resolution, enhanced personalization, and extended capabilities within their user experiences. Spatial computing, or 3D, enables the realization of these preferences.<br><br>Interfaces of the future will likely employ multi-modal search capabilities, including automatic speech recognition, audio and gesture-enabled commands, and highly personalized queries. This doesn&#8217;t mean that traditional 2D interfaces with clicks and swipes will disappear; rather, they will be augmented by simpler, more accessible, and intuitive behaviors.<br><br>Screens will become more discreet and embedded within the physical world, giving rise to the phygital realm (e.g., wearables). AR/VR represents the natural progression in human-computer interfacing, enabling a more immersive presence and versatile behaviors and tasks. This shift will continue to gain market share over traditional 2D screens and content.</p>	</div>
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	Don&#8217;t lose sight of this emerging technology</h2></div>	</div>

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	While the Apple Vision Pro release may not ignite the same immediate frenzy as Microsoft&#8217;s iconic 32-bit OS launch in 1995 or the groundbreaking introduction of the iPhone in 2007, make no mistake – this is a game-changer. </p></div>	</div>

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	Whether your Apple Vision Pro lenses are rose-colored or not, Apple has never been short on vision and spectacle(s). The Vision Pro is no exception, ushering in a new era of XR applications and solutions that have the potential to revolutionize how we perceive and interact with technology. Eyes wide open!</p></div>	</div>
</div>
</div>		</div>
	</div><p>The post <a href="https://infinum.com/blog/apple-vision-pros-and-cons/">The Only Apple Vision Pro(s) and Cons List You&#8217;ll Need</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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				<title>IoT: From Evolution to Revolution</title>
				<link>https://infinum.com/blog/iot-from-evolution-to-revolution/</link>
				<pubDate>Thu, 14 Jul 2022 13:25:24 +0000</pubDate>
				<dc:creator>Zach Casey</dc:creator>
				<guid isPermaLink="false">https://infinum.com/?p=26289</guid>
				<description>
					<![CDATA[<p>IoT allows businesses to provide greater value to their clients, offer increased flexibility and safety to their employees, and increase their revenue.</p>
<p>The post <a href="https://infinum.com/blog/iot-from-evolution-to-revolution/">IoT: From Evolution to Revolution</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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	You may have heard the phrase “<a href="https://infinum.com/custom-iot-solutions/" target="_blank" rel="noreferrer noopener">Internet of Things</a>” or its overt abbreviation, IoT, and likely without the context of its meaning. The internet is certainly a broad term with quite a confounding meaning so what could “Internet of Things” possibly mean? And more importantly, why should you care? </p></div>	</div>

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	There are billions of devices connected to the internet, with <a href="https://infinum.com/blog/testing-bluetooth-app-iot/" target="_blank" rel="noreferrer noopener">more coming online each and every day</a>. You interact with, benefit from, and even depend upon these devices regularly, whether you realize it or not. The Internet of Things describes the concept of adding internet capabilities to something, for example, a process, system, or device. <a href="https://infinum.com/iot-solution-development/">IoT solution development</a> enables these advancements by designing and implementing technologies that allow such processes, systems, and devices to function effectively.</p></div>	</div>

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	From the micro-sensors found within your Bluetooth-connected toothbrush to the software that powers complex manufacturing machinery on an assembly line, IoT involves this dynamic interaction between technology-enhanced “things” that are capable of processing and communicating data amongst each other. </p></div>	</div>

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	How are consumers adopting IoT solutions? Our report <strong>uncovers key trends and insights shaping smart device landscape</strong> in 2024 and beyond.</h2>		</div>

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	<a href="https://infinum.com/custom-iot-solutions/" target="_blank" rel="noreferrer noopener">IoT systems</a> can vary greatly depending on their use case but generally include the collective network of embedded devices, channels, and software that communicate with one another within a specified digital ecosystem. This can be as simple as an application for unlocking your front door with an RFID and mobile app or as complex as an irrigation system that monitors soil pH, temperature and pressure changes, wind, and heat to administer a water and fertilizer blend to a row of plants, at a specific volume and speed.</p></div>	</div>

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	IoT components interact by collecting, processing, and sharing data from various sources, or endpoints, to provide a more holistic data narrative than one source alone.</p></div>	</div>

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	<strong>IoT in the real world</strong></h2></div>	</div>

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	From products such as Amazon’s Alexa and your Apple watch, to the autonomous vacuum cleaner that your family pet wants to play fetch with, IoT comprises many of the digital devices and products that we rely upon daily. This interconnected web of products and software make everyday tasks more convenient and have the ability to dramatically enhance one’s quality of life.&nbsp;</p></div>	</div>

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	IoT makes up the foundational technology that enables smart safety driving features in cars, allows doctors to safely and remotely monitor a patient’s vital signs, provides farmers with real-time insights into its livestock and produce health, and makes it possible for meteorologists to predict the weather patterns weeks in advance.</p></div>	</div>

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	IoT allows businesses to provide greater value to their clients, offer increased flexibility and safety to their employees, and increase their revenue, all while decreasing operating costs. </p></div>	</div>

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	How IoT works</h3></div>	</div>

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	There are several systems that make up an IoT ecosystem and each component plays an essential role in the collection, communication, or processing of that data.&nbsp;</p></div>	</div>

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	Endpoints</h3></div>	</div>

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	Endpoints refer to the nodes that capture, collect, and transmit input data from the user or the environment. These are things like sensors, beacons, cameras, or near-field communication devices, while inputs could include an athlete&#8217;s heart rate, the electromagnetic signature of a power plant, or the pressure of gas moving through a pipe, for example. This data from the endpoint is then transmitted to a gateway or hub, which transmits the data via the internet to the cloud for processing.</p></div>	</div>

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	With endpoints, IoT is enabling a concept known as edge computing, whereby some of the data processing is occurring at the endpoint or edge (i.e. on the device&#8217;s local edge server) thus not requiring it to be sent to the cloud first. In some cases, these endpoint nodes act as routers within a mesh network and the firmware embedded on them allows for data sharing with other nodes in the network. This data is quickly passed back to the client, such as a smart device.&nbsp;</p></div>	</div>

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	The ability to process data where it’s collected (i.e. the edge) provides a multitude of benefits including faster response times and feedback, more immediate insights, reduced costs, increased security, and enhanced bandwidth availability.</p></div>	</div>

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	Applications</h3></div>	</div>

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	An application is a collection of software and cloud services that consume and analyze data using methods such as <a href="https://infinum.com/ai-business-solutions/">machine learning or artificial intelligence</a> to make sense of the data and provide insights or outputs back to the users or system. An application typically has some type of graphical user interface so users can easily interact with the data and the devices connected to the system. </p></div>	</div>

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	Connectivity layer</h3></div>	</div>

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	Depending on the scale of the IoT system, as well as its use case and environment, various channels can be utilized to send data to the cloud. These include WiFi, LiFi, Bluetooth, wireless cellular networks, mesh networks, LTE, satellite networks, various area networks like WAN, LPWAN, MAN, and more.&nbsp;</p></div>	</div>

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	The value of IoT for the customer</h2></div>	</div>

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	Popular brands like Starbucks, Nike, Tesla, and Peloton have embraced the value of such technologies and have begun developing diverse ecosystems supporting them. Quality brands deeply understand the value these technologies can create for their users, and the return on investment for their company’s bottom line. It’s no surprise that industry-leading organizations are rapidly dedicating resources to <a href="https://infinum.com/blog/emerging-iot-trends-daniel-barthel/" target="_blank" rel="noreferrer noopener">innovate digital products and solutions in this space</a>. </p></div>	</div>

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	Frictionless experiences</h3></div>	</div>

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	Have you ever lost interest in buying something simply because the setup or installation process was going to be a hassle? Companies that simplify the <a href="https://infinum.com/blog/iot-device-onboarding/" target="_blank" rel="noreferrer noopener">product onboarding experience</a> are more likely to convert interested customers into long-term, happy users. In fact, there’s a popular marketing adage that goes something to the tune of “the cost of acquiring a customer is much higher than the cost of retaining one.” </p></div>	</div>

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	Regardless of the exact relevancy of this statistic in today’s digital market, the onboarding and offboarding experience has become a fundamental focus for companies, and even an obsession for others. In the words of Amazon’s founder and ex-CEO, Jeff Bezos, “The most important single thing is to focus obsessively on the customer.” </p></div>	</div>

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	Amazon is one of many market leaders that has looked to simplify the check-out process to a single click and has ensured that returns are just as easy as ordering. It reduces the risk to the buyer and creates a greater sense of convenience. </p></div>	</div>

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	If you’ve ever purchased a smart device, taken a picture of a QR code to download an app, and initiated a device pairing process through WiFi and Bluetooth, this process was likely enabled by some type of IoT system.</p></div>	</div>

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	Bigger data, better data, better insights</h3></div>	</div>

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	Through IoT, a user will likely provide more data to the system, maybe even a constant stream of data. <em>More </em>doesn’t necessarily mean <em>better</em>, but in most cases, as long as the data practices are sound, it does provide greater insights due to the power of large numbers and the value of metadata analysis. These insights can inform the business unit, which can then provide more value to the end user such as personalized recommendations or features.</p></div>	</div>

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	IoT can provide an end-to-end narrative for greater data insights.</p></div>	</div>

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	Increased connectivity</h3></div>	</div>

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	<a href="https://infinum.com/blog/improving-ux-in-nutriu-by-combining-iot-and-mobile-app-data/" target="_blank" rel="noreferrer noopener">Data can be very accurate and effective when it can be accessed</a>. But what happens when you turn that information access off for privacy reasons? Or it automatically diminishes due to limitations in network connection? Whatever the reason, when the flow of data is reduced, IoT can become hugely effective. </p></div>	</div>

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	By providing end-to-end solutions for the user, it’s also providing enhanced data collecting capabilities. Through edge devices and other node-like sensors, the product can capture a more complete picture of the user and can collect that data from where it originates, at the source.</p></div>	</div>

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	The issues related to limited bandwidth and connectivity are diminished with IoT-based systems.<em> </em></p></div>	</div>

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	Retention</h3></div>	</div>

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	The longer a customer uses a digital product, the more likely they are to spend money with that company. Retention typically depends on the level of interest a user has in the company providing them a service or serving them information, as well as the product’s perceived value.</p></div>	</div>

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	If a company fails to make an effort to personalize and innovate its offering, it can lead to high user churn rates and decrease the net promoter score of that customer, or the willingness to promote the product to others. IoT offers an entire ecosystem, including various channels a company can use to create a relationship with the client. More contact points likely means a more loyal customer.</p></div>	</div>

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	IoT provides an increased variety of products and services that clients can freely interact with, and exchange information between. </p></div>	</div>

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	Personalization</h3></div>	</div>

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	When data is collected at scale, it can be used to form metadata, which can then be utilized for further statistical analysis and data science tests. These insights can be hugely valuable to businesses because they help them refine their offering, and deliver a better, targeted experience to the customer. Think of Netflix’s movie recommendations based on your past browsing history or when Doordash asks if you want to re-order that favorite Thai dish you always get, for example. These are highly dependent upon algorithms that collect, and compare your behavior against large samples of data.&nbsp;</p></div>	</div>

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	Machine learning, one of many forms of artificial intelligence technology, enhances the ability to identify and detect patterns at scale. Whether these are anomalies in blood glucose monitors, rapid changes in pressure sensors on the door of a space shuttle, or patterns in music and movie search behavior, IoT provides real-time feedback capabilities. </p></div>	</div>

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	IoT for businesses</h3></div>	</div>

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	For businesses, IOT powers the operation of machine systems and robotics, but it is also a source of intelligence for decision-making. This sophisticated network of systems ultimately creates a safer, more efficient, and intelligent operations environment for companies and its employees, especially at scale. </p></div>	</div>

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	The greatest benefit of IOT is not only the ability to <a href="https://infinum.com/blog/improving-ux-in-nutriu-by-combining-iot-and-mobile-app-data/" target="_blank" rel="noreferrer noopener">capture more data</a>, but also the ability to collect more quality data, at the source where that data is produced. </p></div>	</div>

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	Return on investment</h3></div>	</div>

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	New York Air Brake, a manufacturer of air brake and train control systems, leverages a sophisticated IoT system. Remote sensors are installed on thousands of freight trains to analyze train forces, fuel activity, engineer driving behavior, rail track topography, weather conditions and other key performance parameters. Once analyzed, this data is converted to provide real-time and historical insights for improved train safety and performance optimization.&nbsp;</p></div>	</div>

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	It ensures that trains are running on time, at the same time improving both the safety and operational efficiency of railroad systems. This type of sensor system, enabled by IoT, is expected to save the US rail industry <strong>$1 billion in fuel costs, equating to 250 million acres of forestry in CO2 emissions.&nbsp;&nbsp;</strong></p></div>	</div>

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	NYAB reports that its IoT system is delivering fuel savings between 8 and 12 percent, amounting to a tremendous reduction in fuel budgets, emissions, and maintenance costs for the railroad companies.</p></div>	</div>

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	There are a multitude of benefits that a company can realize by providing IoT to its customers, employees, and workflow systems.&nbsp;</p></div>	</div>

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	Maintaining customer focus</h3></div>	</div>

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	By creating branded channels for information and news, social networks to connect with others, and marketplaces to browse customer-favorite items, companies are able to control the information shown to their users on their unique and private channels. </p></div>	</div>

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	It’s no secret that companies that can maintain users&#8217; attention, are able to capture more of their time, and effectively monetize. </p></div>	</div>

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	Convenience and customer service</h3></div>	</div>

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	Through real-time product feedback loops such as onboarding tutorials and connectivity instructions via an application, or error messages and usability signals through the hardware itself, IOT enables users to experience a more convenient use of products that make their lives easier. Many companies today provide real-time delivery tracking of items, granting users’ greater insights into the status of their package, be it food delivery or the new outfit they bought from Zara. </p></div>	</div>

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	As a society, we have collectively pushed the boundaries of customer expectations when it comes to customer service and usability. </p></div>	</div>

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	From Amazon’s same-day delivery to the ability to order a ride in less than a minute, consumers want to spend less time browsing, ordering, traveling to, and troubleshooting processes and more time doing the things they enjoy.</p></div>	</div>

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	Build stronger communities</h3></div>	</div>

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	By creating software, platforms, and marketplaces where their users can engage and interact with content and other users, brands enable them to feel connected with one another, often sharing their experiences, learning, and growing. </p></div>	</div>

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	The pandemic showed us that community has no boundaries and connectedness isn’t only about proximity. Changes in work-life dynamics have brought about a massive consumer demand for telecommunication, digital self-service, and immediate gratification. These changes in the way we work, live, and communicate with each other has and will continue to be led by innovations within IoT.</p></div>	</div>

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	Resistance is futile</h2></div>	</div>

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	>
	As hardware components reach a theoretical minimum in both size and cost to manufacture, the emergence of IoT into businesses and everyday life is inevitable. The idea of adding internet capabilities to a telephone was the biggest hit of the late 20th century, so why not add internet to other things to make them smarter too?</p></div>	</div>

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	Understanding the powers and limitations of IoT is not only helpful for health enthusiasts looking to improve their fitness and quality of sleep but also for established enterprises looking to mature their business to better serve their customers and employees.&nbsp;</p></div>	</div>

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	>
	Infinum partners with companies like <a href="https://infinum.com/work/philips-connected-kitchen-appliances/" target="_blank" rel="noreferrer noopener">Phillips</a>, one of the world’s largest consumer electronics companies, paving the way for direct-to-consumer appliances and home goods such as coffee makers, vacuum cleaners, and tooth brushes. </p></div>	</div>

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	As it becomes the norm, ask yourself, where could you be <a href="https://infinum.com/custom-iot-solutions/" target="_blank" rel="noreferrer noopener">leveraging IoT</a> for a greater tomorrow? </p></div>	</div>
</div>
</div>		</div>
	</div><p>The post <a href="https://infinum.com/blog/iot-from-evolution-to-revolution/">IoT: From Evolution to Revolution</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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				<title>Why You Should Always Validate Your Digital Product Idea</title>
				<link>https://infinum.com/blog/digital-product-idea-validation/</link>
				<pubDate>Wed, 06 Jul 2022 15:08:00 +0000</pubDate>
				<dc:creator>Zach Casey</dc:creator>
				<guid isPermaLink="false">https://infinum.com/?p=26395</guid>
				<description>
					<![CDATA[<p>When a company decides to launch a new digital product or pivot its strategy, they don’t just cross their fingers and hope for the best. </p>
<p>The post <a href="https://infinum.com/blog/digital-product-idea-validation/">Why You Should Always Validate Your Digital Product Idea</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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	Taking a radical turn in the existing strategy or product offerings can seem like risky business for any company, big or small.</p></div>	</div>

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	However, when a company decides to <a href="https://infinum.com/strategy-design/">launch a new digital product or pivot its strategy</a>, they don’t just cross their fingers and hope for the best. There are reliable ways to protect an investment and de-risk a business decision. One of those ways is idea validation. When done right, it brings an array of benefits, but most of all, the confidence that you’ve made the right call. </p></div>	</div>

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	Lack of idea validation came at a $230b cost for Meta</h2></div>	</div>

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	Meta’s recent jump into the Web 3.0 space has been no surprise. In 2021, the company publicly announced that nearly a third of its workforce was working within augmented reality (AR) and virtual reality (VR) projects, preparing for a shift in consumer trends to a digitally immersive world only seen in Sci-Fi movies. The company’s commitment to this shift from advertisements and social networking into the metaverse was indicated by its official name change to Meta.</p></div>	</div>

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	Unfortunately, the lack of consumer adoption of AR and VR hardware has led to several struggles for Meta. In February 2022, the company’s public shares dropped more than 26% in one day, removing around $230 billion of the company’s value and making for the largest single-day decline in history. </p></div>	</div>

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	The company’s pending failure to sell its digital products and services has led to dramatic, company-wide layoffs, adding more burden to Meta’s public image. These shortcomings have been accompanied by struggles to navigate new GDPR data regulations and Apple’s limitations on the App Store regarding governance and commission structure for apps developed and deployed by developers for various Meta’s hardware subsidiaries.</p></div>	</div>

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	A company like Meta certainly has the resources, staff, and tactics in place to research, ideate, test, and iterate new concepts for digital products and services, so why do their efforts so far appear mainly as a failure? Some possibilities are confirmation bias, lack of product fit, and premature technology.</p></div>	</div>

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	Confirmation bias is dangerous to digital products</h2></div>	</div>

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	>
	Our teams at Infinum often experience confirmation bias firsthand in product workshops with clients. As humans, we tend to search for evidence that validates our own beliefs. It’s often easier to seek out data that supports your belief when you know what to look for, and you tend to only focus on that data. It also feels good to think you’re right. A company like Meta clearly believes that future generations will prefer to consume and communicate information in these virtual environments, but only time will tell.&nbsp;</p></div>	</div>

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	Our cross-functional teams of designers, strategists, and technologists leverage integrated product discovery workshops, <a href="https://infinum.com/digital-product-design-services/" target="_blank" rel="noreferrer noopener">design sprints</a>, and development to ensure that ample research and validation takes place before a company makes any hefty investments or radical changes to its core product or service. Infinum also leverages an agile development process to ensure we’re constantly trying and testing new ideas. Making incorrect hypotheses is inevitable, and testing is a great way to understand if there’s a market for your product.</p></div>	</div>

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	The discovery phase removes uncertainty</h2></div>	</div>

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	Discovery is a great way to steer the development of your digital product in the right direction, at the same time giving you confidence about its market success. Aligning your product with the needs of actual users beforehand saves you from stress further down the road.  </p></div>	</div>

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	Here are three benefits workshops can bring to your project. </p></div>	</div>

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	De-risking</h3></div>	</div>

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	>
	The majority of corporate venture studios and new product development initiatives result in failures. Leveraging an independent design and development company like Infinum enables you to easily scale your commitment to these R&amp;D initiatives. Our teams tend to move much quicker than larger organizations whose corporate bureaucracy hinders speed and agility.&nbsp;</p></div>	</div>

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	<strong>Workshops allow you to de-risk potential product development through a competitor and market analysis, technical feasibility, cost evaluation, and thesis analysis. You don’t have to go down in history as another Google glasses or Nintendo’s virtual boy story. </strong></p></div>	</div>

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	Company Culture</h3></div>	</div>

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	>
	Workshop sessions are intended to induce creative idea sharing from members who typically have less say in the product development process. In addition, these sessions are fun and fulfilling as they break up the normal work week and jumpstart conversations that might not happen otherwise. Workshop facilitation by our experienced strategists ensures that everyone is participating.</p></div>	</div>

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	<strong>Workshopping promotes cross-functional team collaboration, culture building, and personal efficacy on an employee level. </strong></p></div>	</div>

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	Innovation</h3></div>	</div>

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	Stagnation and complacency are often the death of a company, as competitors get to answer the shifting consumer and market demands more quickly and acquire market share. Workshopping can be considered a form of investment that unlocks new opportunities for business creation and growth. It provides a framework for evaluating user pain points and brainstorming new ways to solve them.</p></div>	</div>

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	<strong>The workshopping process deepens your understanding of user psychology and needs.</strong></p></div>	</div>

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	Innovation without risks is achievable</h2></div>	</div>

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	Taking on a company project or innovation initiative may seem like a daunting endeavor where risk and downsides are more than a possibility. </p></div>	</div>

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	However, with the right technology partner, you can keep a sharp focus on your business while having professional researchers, strategists, designers, and engineers bring that concept to life at a reduced time and cost.</p></div>	</div>
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	</div><p>The post <a href="https://infinum.com/blog/digital-product-idea-validation/">Why You Should Always Validate Your Digital Product Idea</a> appeared first on <a href="https://infinum.com">Infinum</a>.</p>
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