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Home / Services / Product Discovery Phase
The product discovery phase is a crucial part of software development. It is the first step in any development process which takes place before any significant coding or development begins. The experts at Dreamstel Technologies ensure that your business needs are met and that the product aligns with your business goals. We ensure to reduce the risk of building something that has no use or has unsatisfactory functionality. Dreamstel Technologies offer you Product Discovery Phase services that will help you understand the kind of product or service needed by your organization. Hire experts from Dreamstel and guarantee strategic insights and planning for your product discovery phase.
The Product Discovery Phase is the foundation of a product development lifecycle. It mainly focuses on the user needs, market trends and business objectives before building a solution. It is important so as to not validate ideas in the early stages of development and risk underwhelming results. This step makes sure that the product and marketing team are working to solve a problem for the correct audience. A lot of research goes in this step alone. The need for the solution, the market gaps, the customer behaviour and their wants are all studied in this step. Research methods like interviews, surveys, competitive analysis, and market trend analysis are also done in this step.
This step is essential because it helps the marketing and product team get a clear understanding of the user problems and the problem statement. A proper discovery phase helps the business goals align itself with user pain points resulting in the increased chances of market fit.
The idea is to have a clear problem statement, a solution concept, a product roadmap and a better understanding of the product’s scope and resources. Product discovery is about having the right idea and asking the right questions to ensure that the strategy is worth moving forward with. It is an investment that saves time, money and resources.
Product Discovery Phase is the first step in any product building process. Let us see how and why Product Discovery Phase is important:
Avoid Costly Rework
Understand what product is necessary
Improve Budget
Budget management is improved
Ensuring the Product is User-Centric
The end-user satisfaction is prioritized
Better Product Roadmap
A better product plan is established
Identifies Market Opportunities
Understanding market trends
Risk Reduction
Risk of unwanted scenarios is reduced significantly
Meeting Unmet Market Needs
Helps you fill market gaps
Get recommendations from experts
Experts understand your business and give you the best recommendations.
Better data-insights
Data is organized making it easier to access
The product discovery phase comprises several steps which may change according to your needs. But the most used process is the following:
1
Defining the challenge
This step involves in concluding a problem statement, and establishments of missions and goals.
2
Gathering Data and Information
Intensive market research and studying the customer behaviour to gather information about the needs and wants.
3
Converging
After collecting data, the best possible solution is decided upon.
4
Planning the Technical Aspect
The technology and architecture is decided
5
Estimating Cost and Time
Gathering a rough estimation about the cost and time of the project
6
Delivering
Summarizing all the design and architecture plans and having a clear vision of the goal before handing it to the development team.
We develop projects globally with multiple satisfied clients.
If your business is working on a new product or service, you might need a development process and having a product discovery phase might help you set a clear view of your goals and visions.
Business Idea
You have a business idea but do not have a clear problem statement
Confusion between departments
Your product and marketing teams have different ideas about the product which leads to confusion and irregularity
High-risk project
The project is high-cost or high-risk
New Product
You are releasing a product in a new market
Unclear base
Your mission statement is unclear
Risk reduction
You want to reduce the project's dysfunctional risks
User engagement
You want to increase your user engagement
Competitive advantage
You want to stand out in the market
Development Process
You want to enhance your development process
Optimization
Want to optimize your project
Dreamstel Technologies offers experts who can provide guidance regarding the product discovery phase.
Product Discovery Phase can unlock powerful insights, drive better decisions and boost company growth. We provide:
Strategy discussion and planning
Have a transparent view of your project
API Optimization
We make sure your API works properly and long-term
Strategic Expertise
Our industry experts know what is best for your business
Tailored Approach
Building APIs that align with your business goals and objectives
Improved Efficiency
Increased organizational efficiency
Enhanced Customer Experience
Customer satisfaction is increased
Enhanced Security Protocols
Ensuring your data is secure
Ongoing Support and Maintenance
Support and maintenance to ensure long-term usage
Faster Time-to-Market
Connect new applications and services faster
Every Project needs a unique technology stack and our experts understand your business objectives and choose the technologies accordingly. Here is what we specialize in:
Web / Frameworks:
Databases / Data storage:
DevOps containers:
DevOps automation:
DevOps CI/CD:
DevOps monitoring:
Industries We Serve
Core domains we specialize in
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Retail & E-Commerce
IT & Telecom
Automotive
Manufacturing
Additional domains we have experience in
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REAL ESTATE
EDUCATION
HEALTHCARE
A clear problem statement
Deep market insights
A proper product roadmap
Reduced risk
Better understanding of your target audience
Improved customer support and customer satisfaction
Cost-effective in the long term
Always up-to-date with the latest business trends
Higher customization
Accelerated innovation
The main goal of the Product Discovery phase is to reduce risks during the process of building the product.
No, but they are related. Market research is learning and understanding the market and the trends. Product discovery includes market research because it uses all the data and information that comes out during market research
The time for Product Discovery is flexible because it depends on the type of product you are trying to build, your end goals, your budget and the complexity of the product
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