How to Differentiate Your IoT Product: Provide Insights Not Data

Tech Product Management

The post How to Differentiate Your IoT Product: Provide Insights Not Data appeared first on TechProductManagement. IoT products are known for producing large amounts of data.

People Don’t Buy Capabilities, They Buy Knowledge

PM Hardcore

So a little bit of embedded knowledge can create a lot of differentiation. The other piece of good news is that defaults and knowledge provide differentiation in two ways. Product Management competitive differentiation innovation knowledgeThis guy might have too much knowledge.

Trending Sources

Differentiation and Innovation: Your Ticket to Surviving Product Commoditization

High Octane Product Management

Differentiation and innovation are your two best options! Differentiation. Differentiation boils down to unique positioning in your sales and marketing efforts with your products and company reputation serving up the proof points. Innovation and differentiation often go hand-in-hand. The upside to the customer is huge and you now have something tangible to differentiate your solutions from the competition.

The T-Shaped Product Manager

Roman Pichler

This helps you understand if your product is properly differentiated. Balancing Specific and Generic Skills. To do a great job as a product manager or product owner, you require two skills sets: product-specific and generic ones.

The Secret Product Management Framework

PM Hardcore

It will differentiate you from a lot of product managers who cannot give you a concise description of what they do. One of the most challenging questions about product management has been – in my experience – “What is Product Management?”.

Mental Models for Product Managers – Part 2

PM Hardcore

Why my product is a better choice for you (the differentiators). For example, articulating a meaningful Dramatic Difference or “differentiator” portion of the value proposition is usually difficult. Brain Wiring (by Wellcome Images, CC licensed).

Statistical Factors that Contribute to High Performance on Product Teams

bpma ProductHub

Developing both strategic skills and multi-year product strategy (linked to your company’s overarching business goals) provides a statistically significant path to higher levels of performance and market differentiation. Contributed by Greg Geracie.

7 Ways to Know That You Need a Head of Product

Mironov Consulting

Every disease needs some symptoms so that we can do a differential diagnosis. Over the last year or so, I’ve seen more than a dozen companies with a meta-product management problem that I’m calling the “ No Head of Product Syndrome.”

Goodbye Scion – What Happened To You?

The Accidental Product Manager

At the time Toyota was targeting the Generation X buyers and the Scion brand offered them a differentiation from the Toyota core line of cars. The original target audience, the Generation X buyers, valued the differentiation between the Scion and Toyota brands.

The Evolution of Modern Product Discovery

Product Talk

The opportunities we choose to go after are what differentiate us in our market. Product management is evolving quickly. The days of gathering requirements from business stakeholders and documenting them in long product requirements documents are vanishing.

25 must-read product management articles

Roadmunk

Not really an article, but this Quora thread compiles answers from various product leaders about what differentiates the crème de la crème of product management.

10 Ways to Use Feature Flags

Mind the Product

From differentiating user experience for newbie versus experienced users, to managing pay-gates, to finding kind and clean ways to kill features, feature flags allow you to manage change, minimize risk and personalize user experiences.

The Ideal Product Marketing Candidate for B2B

High Octane Product Management

The development of messaging and collateral in today’s role is more focused on making the salesforce skilled at selling and differentiating your solutions versus creating the obligatory artifacts for the launch checklist as it was in its infancy. Wealth made simple: news and articles from IRC Wealth. This sample product marketing job description just might ruffle a few feathers. First, it’s not your typical “get the product off the shelf” job description.

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Tying Strategy to Your Product Roadmap

Pragmatic Marketing

Every organization’s product goals will be different but might include: Competitive differentiation. By Jim Semick. We’ve all heard about “strategic” product roadmaps. But what exactly does that mean in practice?

Building Products AI-First by Aparna Chennapragada

Mind the Product

Hearing About Accounts, Listening for Segments

Mironov Consulting

Will this be a “checkbox item” or strong differentiation for us and our customers? In a well-run organization, each role has a single orientation; they either support individual customers or they support the market. Peter Drucker (or Steve Johnson)*.

Product Decisions: Are Customer Requests Overrated?

Mind the Product

As you can see, and product differentiation (& thus product features) is just one of the factors. As product managers, we are trained to focus on the customer. We know that customer satisfaction is of paramount importance and that we must do everything in our power to make customers happy.

Product Owner Manager – Alone Together

Tyner Blain

How do we differentiate? Product owners and product managers. Two roles, often done by one person.

How Minimum Viable Products & Features Helped Me Write My New Book

Roman Pichler

While the workshop helped me validate the need the book should address, I was not able to tackle another key risk with it: writing the book in the right way so that the need was properly met and the product sufficiently differentiated. Minimum Viable Product #1.

Selection Criteria for Product Management Tools

PM Hardcore

And oh, yeah: Building a solution – addressing the customer’s problem effectively with technology, with enough differentiation that it’s possible to sell successfully. Tools For What We Do. As a product manager, I’d like to find some tools that help me do my job. I deal with: Customers – finding their problems and listening to their product feedback.

Pivot Isn’t a 4-Letter Word – Sunil Parekh

Mind the Product

Also, they were entering a very crowded market, and they struggled to differentiate. Sunil Parekh is the VP of Product Management at Truveris, which is a healthcare startup based out of New York City. They work primarily in the pharmacy benefit space, helping employers save money on costs of prescriptions, creating marketplaces for pharmacy benefits management, and developing tools for consumers to save money on prescriptions.

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A Better Approach To Demoing Can Turn Sales Around

PM Hardcore

Our product’s portfolio management capabilities were a significant differentiator. But they weren’t being used effectively to differentiate in the demo. A Sales Demo Challenge.

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Using Experimentation to Drive Product – Stephen Pavlovich (CEO of Conversion.com)

Mind the Product

SaaS products often differentiate their packages by features. Stephen Pavlovich , CEO of Conversion.com, talks to ProductTank London about Using Experimentation to Drive Product. Why aren’t people converting and what experiments can you run to try and fix that?

Behind Every Great Product

svpg

This solution clearly differentiated for the sales team, and also ensured quality search results, whether paid or organic. Article: Behind Every Great Product.

A guide to SaaS metrics for product managers

Roadmunk

A key differentiator between SaaS businesses and traditional software product orgs, is the fact that revenue doesn’t come in one-off purchases.

Mental Models for Product Managers

Mind the Product

If you don’t have a value proposition articulated using the four part framework – category, customer, benefits, differentiators – then do it yourself. What are Mental Models? A mental model is any concept that helps explain, analyze, or navigate the world.

Product Requirements: Using a Written or Visual Framework

Mind the Product

Developers may be more comfortable knowing exactly what the finished product should “look” like, especially if the company views its design and user interface as a differentiator. . There’s a lot of variation in how companies document product requirements.

Classifying Market Problems

Tyner Blain

Differentiation – these are problems where, if solved, they would differentiate a product from the competition. Theodore Levitt may have developed the whole product model to help companies compete more effectively with their products.

Designing Your Way to Better Team Collaboration by Alison Coward

Mind the Product

Some teams at Google differentiate between “manager time” and “make time” where manager time is a 30-minute slot, and make time is a half or full day. As the founder of Bracket Creative, Alison Coward spends her working life advising creative teams on how they can collaborate better.

Pricing Foundations

The Product Bistro

The contribution margin is a quick and dirty way to capture the value of each sale, and how to capture the potential profit for a pricing change (increase or decrease) and the likely volume differential. One topic that seems to trip up both new and experienced product managers is the process of pricing. As a recent post highlights, the most important lever we have in our bag of tricks to influence the profitability of our products and business, is the price.

Microsoft Application Insights vs. Revulytics Usage Intelligence: Play the Game You're Best At

Revulytics

Revulytics usage intelligence software includes a business-differentiating capability that is absent in Microsoft Application Insights – the ability not only to pull information from customers, but push information to them. In 1994, after winning 3 NBA Championships (and 3 NBA Finals MVP awards), Michael Jordan famously left the NBA for a year to pursue professional baseball. He landed on the Birmingham Barons, a lower minor league team for the Chicago White Sox.

Product Management Insights: Selling Usage Analytics to Your CMO

Revulytics

While IT can provide extremely valuable information on areas like implementation, licensing, competitive landscape, and more, the user audience can provide insight into efficiencies gained, areas they’d like to enhance, what they like better over the previous technology they used, and much more that will help differentiate your company’s content. This year, IT spending by the CMO will outpace that of the CIO, according to Gartner.

What matters most (to investors)?

Product Manager in Heels

Market Dynamics Differentiation Defensibility Rapid Iteration TEAM TEAM was the most important thing he focused on. customer customer experience differentiation investors market teamOccasionally, we have guest speakers at Babson College, and sometimes we get a really good guest speaker! Last week I had the pleasure of meeting Scott Friend from Bain Capital Ventures.

Bigger and Better – Product Management Survey Results 2016

Mind the Product

In the past we have assumed that this is because there is little or no differentiation between these two roles, but alternative theories are very welcome in the comments! Our universe is expanding.

Third-Party Software Integration: Best Practice, Perils and Pitfalls

Mind the Product

DE: Product teams should focus on building differentiated components that are well aligned with the core vision and competencies of their company. All that cost is something you could have put towards building differentiated value.

Agile Through a Matrix Lens

Tyner Blain

This is what enables a sustainable competitive advantage , by enabling you to sustainably differentiate your product from competition, rapidly adapt to changing customer expectations and market conditions.

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The Benefits of a Shared View of Software Usage and Compliance Analytics

Revulytics

Innovative software companies leverage usage and compliance data to differentiate their products, maximize revenue opportunities and drive value for their customers. Nearly a century ago, Albert Einstein prophetically and poetically framed what remains one of our chief challenges with analytics. Not everything that can be counted counts,” he said, “and not everything that counts can be counted.”

TEI 092: Innovation mantras from R&D-with Dana A. Oliver - The Everyday Innovator – Resources for Product Managers and Innovators

Product Innovation Educators

That’s how you develop your intellectual property and develop products and brands that get differentiated and that you can establish premium pricing around. Research and development is tightly coupled with product management and innovation.

When the product is YOU

Under10 Playbook

Our product [statement of primary differentiation]. "If it's not fun, don't do it; it's time to get another job."—Alan —Alan Webber, Fast Company. Have you been out there lately? Hunting for that perfect job is both easier and harder than ever before.

Disruptive Product Development – Jenine Lurie

Mind the Product

There really isn’t a lot of differentiation between insurance companies in terms of products offered.