Ensuring the Life Blood of Your Business: Data Visibility

Ensuring the Life Blood of Your Business: Data Visibility

Planview's Sixth Product Portfolio Management Benchmark Study, conducted by Tech-Clarity, reveals the critical role of data-driven decision making in meeting launch dates and revenue targets. However, nearly one-third of product professionals surveyed reported that their data was inaccurate, and 36% said their data was not timely. Companies should aim to remove the obstacles to obtaining reliable data in order to unlock product innovation and dynamically adapt to changing market conditions. Top performers exploit timely and accurate data access, with a single source of truth for decision-making which resulting in almost 60% more likely having immediate access to accurate data.

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More Innovation Resources:

How Should Customer “Needs” Be Defined?

Companies struggle to understand their customers' needs despite being overwhelmed with data. To overcome this issue, the jobs-to-be-done framework defines a customer need as a statement that tells the organization how customers measure value as they try to get a job done.

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How to Measure the Ongoing Effectiveness of Your Team

Project managers can measure their team's effectiveness in various ways, such as creating objectives, establishing trust, measuring productivity, time management, and 360-degree feedback.

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How Might We Statements: Asking the Right Questions

How Might We (HMW) questions are a simple yet effective technique for problem definition in design thinking. It helps in sifting through issues discovered during the Empathy step and defines solvable problems for ideation and innovation.

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