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Challenges when innovating smart, connected devices

Jeffrey Phillips

I've been struck by the importance of two rapidly converging forces - digital transformation and new product innovation. As we've discussed, here and elsewhere, ad nauseam, there is increasing demand for new products and services, making stretching the capacity of tenuous innovation processes and teams.

Data 142
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Outcome-Driven Innovation: Know what customers want before developing the product

Innovation Excellence

An old marketing adage is that half of a company’s advertising is effective, we just don’t know which half. A similar conundrum faces innovators and product developers, with the best companies finding success with about half of the products they create (and the odds are much worse for average companies).

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Unit Economics: How to Calculate CAC & LTV – It Depends

IM Insights

The aggregate or business level doesn’t help when the product is still being developed, Product/Market-Fit is not yet established, a profitable channel is still to be determined, and so on. (11:00) 15:00) CAC over LTV is fundamental to understanding product performance and analysing specific customer segments.

How To 52
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What Is Business Intelligence?

Collective Innovation

Focus groups are also an important avenue to have an open conversation about new products, brand perception and advertising. Product Innovation : Creates a difference with an existing product line and existing market, usually through features.

Survey 40
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How To Use Humans And Machines To Perfect Curation

helloFUTURE

was so successful (they did practically invent banner advertising and were successful enough to buy the company that invented text advertising, which was formerly known as GoTo.com and is now known as Overture) was that there was nothing like human curation of the web. Both had their flaws, but one of the reasons Yahoo!

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