As COVID-19 continues to change the economic landscape, the need for digital transformation has become more rapid than ever. Technological advancements have become a standard, and companies have to perform product developments and innovation efforts for survival.
Because of this, businesses must conduct innovation activities in line with their strategies to prevent themselves from being way behind the competition.
However, just before they can do this successfully, product managers in the software space must learn more about the product innovation cycle. If you’re the product manager yourself, where exactly do you start, and what examples can you study to make innovation easier?
In this article, let us discuss the different types of product innovation approaches. Moreover, let us learn more about the product innovation cycle and examine the most famous innovations in the software world.