function is often the primary factor for product excellence. “I wasn’t able to do that before, now I can –wow!” When functionality becomes an expectation, product excellence becomes increasingly measured by user experience. “This
A product owner is a product development team member who ensures that each product delivers the maximum value to the user. They usually hold the central position in each product development cycle. Additionally, they have the ability to operate in various
Why is PaaS great for manufacturers and producers? PaaS helps manufacturers become more sustainable. Manufacturers retain ownership of the product and its residual value, allowing them to influence the design process. This enables them to create products that are easier to refurbish, extending their ...
Product feedback is mostly about the experience and satisfaction of people who use a product and focuses on specific aspects, such as usability, new features, product lines, upgrades, and more. Gathering this helps product teams make necessary product improvements. You can collect feedback for a ...
What is TCO (total cost of ownership)? Total cost of ownership (TCO) is an estimation of the expenses associated with purchasing, deploying, using and retiring a product or piece of equipment. TCO, or actual cost, quantifies the cost of the purchase across the product's entire lifecycle....
How do you get started becoming a product manager? Something that’s true about most jobs, but especially product management, is that companies want to see experience. So if you have no experience yet, what can you do? If you’re already working at a company, start there. Talk to your...
Is there a distinction to be made, or are these just two different titles for the same role? We explain all in this guide. If you think about the work that goes into creating, building, and maintaining a successful product, there are many moving parts involved. It requires the expertise...
Ownership dataon current and past owners Repair datashowing the item’s overall repairability Sustainability data, including the carbon footprint of manufacturing, distribution, and the item in use Why is product information important? Product information is crucial to every stakeholder in a product’...
Total cost of ownership (TCO) is a comprehensive financial assessment that examines the overall expenses involved in acquiring, implementing, operating, and maintaining a product, service, or system throughout its lifespan. This analysis extends beyond the initial purchase price, incorporating both dire...
Product-market fit myths Myth #1: Product market fit is always a discrete, big bang event Myth #2: It’s patently obvious when you have product market fit Myth #3: Once you achieve product-market fit, you can’t lose it Myth #4: Once you have product-market fit, you don’t have ...