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How Peloton Uses Consumer Insights To Drive Innovation
Peloton has revolutionized the fitness industry with its innovative business model that goes beyond just selling equipment. It offers a personalized and virtual fitness experience for customers through live classes with instructors and a community of users. By analyzing consumer needs and paying attention to rough spots, Peloton resolved a customer contradiction and filled a market gap, gaining a tremendous momentum. Its success can be attributed to creating a unique and differentiated customer experience, collecting data for constant improvement, and aligning with lifestyle and technological trends.