5 Tech Predictions for 2024 (That You Haven't Heard Yet)
As we begin a new year, the team at Compoze Labs is thrilled to offer a bold exploration into uncharted territories of technology innovation in 2024....
2 min read
Paul Hilsen : Jan 21, 2025 4:14:05 PM
"You can build anything. The challenge is building the right thing." I find myself saying this almost daily at our firm. It's not just a catchy phrase - it's a hard-won lesson from years of seeing both successful and failed product launches.
Here's the reality: You can take a swing in the dark and hope you got it right, or you can use proven frameworks to validate your direction. The product validation processes bridges the gap between idea and execution, reducing risks and increasing your chances of success.
And while many consider product development an art, I've learned it's much more science. You need the right data to tell you how users will interact with your product. And getting that data? It doesn't happen by accident.
Your duty to learn about users doesn't stop at launch. In fact, that's often where the real insights begin. When I work with clients, I push them to think about setting up systematic ways to gather data:
The key is planning for these insights before you need them. I've seen too many teams scramble for data after problems arise, which is not just more expensive and more difficult to course-correct, worst case it can be too late and you’ve missed your opportunity to capture value.
I visualize product-market fit as a journey through space. Your target market is at one point, your product at another. Your mission? Close that gap methodically and intentionally.
In my experience, this comes down to four critical areas:
Through years of guiding product development, I've found these tools invaluable:
Problem Detection Surveys (PDS) |
This is your early warning system. PDS helps identify specific issues that might not surface through standard feedback channels. We use targeted questions to uncover what frustrates users and what barriers they're encountering. |
Customer Satisfaction Score (CSAT) & Net Promoter Score (NPS) |
These complementary metrics give you both immediate feedback and long-term satisfaction indicators. CSAT helps you quickly identify issues with specific features, while NPS helps predict long-term success and adoption rates. |
Conjoint Analysis |
This sophisticated approach helps understand how users value different feature combinations. It's particularly valuable when deciding between multiple possible development paths. |
Kano Analysis |
This helps categorize features into:
|
Test Market Launches |
Before full deployment, validate your solution with a controlled segment. This approach has saved countless products from problematic full launches by identifying issues early. |
A/B Testing |
While you might not need Booking.com's 25,000 annual tests, even basic A/B testing can provide crucial insights about user preferences and behavior patterns. |
Success begins with proper discovery. Our product inception workshops align stakeholders and create actionable plans, but they're just the start. We combine these internal insights with continuous user feedback to create products that truly resonate with their intended users.
I've seen organizations spend millions on features nobody wanted. I've watched teams build elegant solutions to non-existent problems. Don't fall into this trap. Every assumption you don't validate is a risk you don't need to take.
This is exactly why I'm passionate about product strategy. At Compoze Labs, we help organizations validate their direction before making major investments. We bring methodical rigor to product development, ensuring every dollar spent moves you closer to success.
As we begin a new year, the team at Compoze Labs is thrilled to offer a bold exploration into uncharted territories of technology innovation in 2024....
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