By Tobin Harris
Managing Director, Pocketworks
January 5, 2023
Updated November 22, 2023
By Tobin Harris
Managing Director, Pocketworks
January 5, 2023
Updated November 22, 2023
An interesting study by Gartner reveals what successful tech companies do BEFORE building their digital products. If you're not doing these things, it could be slowing your growth.
Here are a few to think about:
This is basically just figuring out how big a project is before you start. 61% of growth-oriented companies do this, but only 42% of non-growth companies do. It's easy to do if you have some past data to work from.
This is about figuring out how many people will use your app or feature. 57% of growth companies consider this important, but only 36% of non-growth companies do. For new apps, you can use tools like data.ai, Semrush, and Google Trends. For existing apps, you can also use your existing knowledge of customer segments.
This is about making sure your app idea is actually useful. We sometimes get so enamoured with a single idea that we build it, but validating it could save you a fortune. 68% of non-growth companies don't prioritise this, but it's super easy to do using prototypes, competitor analysis, or user research.
This is even better — before you even make a prototype, make sure you're investing time in a problem that actually exists for your audience. If you're a startup founder or business leader looking to innovate, you need to ensure you're not investing millions in something nobody cares about. User research and desk research can help here.
This is about creating fast, low-cost prototypes to prove that an idea solves a customer problem efficiently. For example, you might draw design ideas on paper and get customer feedback. Designing your app before building it is not prototyping, but it can be if you show your designs to customers and ask for feedback. Only 14% of non-growth companies do this, compared to 43% of growth companies.
It's a really interesting report - worth a read if you want to become more successful with your digital products. I'll drop a link in the comments.
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