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Product Briefing – November 16, 2023

Department of Product

If you’ve not heard of Celonis before, it’s a SaaS company that focuses on one thing product teams tend to either love or hate: process map diagramming. This week, the company’s VP of product unveiled new capabilities that he’s hoping will transform Celonis into the ‘Wikipedia of Process Intelligence’. Enjoy the rest of your week!

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Decentralized Blockchain on the Rise: Exploring the Future Predictions and Emerging Trends

The Product Coalition

Beyond Bitcoin, it’s becoming evident that blockchain development applications are as diverse as the stars in the sky. It’s infiltrating industries like healthcare, finance, supply chain management, and more. It’s like Batman teaming up with Superman to save the day — each one’s strengths complementing the other’s weaknesses.

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Revenue Goals are Not Company Strategies

Mironov Consulting

Pure revenue may be helpful for the Sales organization, since they probably need to hire 35% more account teams each year.    And possibly helpful to Finance, responding to investors’ demands for a hypothetical 2-year cash flow forecast.  ” What To Do?   No magic bullets. 

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Embedded Analytics Examples and Use Cases in 23 Different Industries

Reveal

Banking CRM Crypto Education Finance Healthcare Insurance IT Manufacturing Real Estate Retail Supply chain Telecommunications Security Logistics and delivery Marketing Airlines Hospitality Weather forecast Agriculture SaaS Government Sports. Finance: Shape future strategies and improve the decision-making process in real-time.

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Hiring a Head of Product

Mironov Consulting

Over the last three decades, across 10 full-time jobs and 150 consulting clients, I’ve headed up product teams 18 times (mostly as interim VP ) and helped another dozen companies choose their Head of Product. They don’t value experience running product management teams , instead overweighting narrow technical or market segment familiarity.

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Value Engineering and Build vs. Rent

Mironov Consulting

 But along the way, we need to do all of the things that other companies do: run HR; handle payroll and payables; secure our app against cloud hackers; track support issues; model system scalability; etc.  After all, we're smarter than other teams.   and then the next.

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Digital Transformation and Product Management

Roman Pichler

Embracing new technologies like machine learning, micro services, big data, and Internet of Things (IoT) is part of that change, as is the introduction of agile practices including cross-functional and self-organising teams, DevOps, Scrum, and Kanban. Determine the Right Learning and Development Measures.