Craft.io’s 2023 State of Product Management Report Reveals Product Transformation as the Key to Business Survival

The survey uncovers important insights on the evolution of product or service as a essential job in business development.

NEW YORK, Jan. 17, 2023 /PRNewswire/ — Craft.io is delighted to announce the release of the 2023 Point out of Item Administration Report, a facts-pushed survey of 500 item gurus from the US, Canada, Uk, Germany, France, and Italy.

Craft.io is an close-to-conclusion products management system with developed-in best practices, enabling merchandise teams to make intelligent products selections, and inform a powerful product or service story. Launched in 2015, Craft.io is the top item management platform enterprises have confidence in to construct wonderful electronic products and solutions with self esteem.

Craft.io’s 2023 State of Product Management Report uncovers an in-depth look at modern product management and significant key takeaways for teams on their path to building great products. (PRNewsfoto/Craft.io) — Craft.io’s 2023 State of Product or service Management Report uncovers an in-depth seem at modern merchandise administration and substantial crucial takeaways for teams on their path to making good products and solutions. (PRNewsfoto/Craft.io)

“We commissioned this report to get a accurate picture of the most urgent issues for present day merchandise supervisors,” claimed CEO and Co-founder, Elad Simon. “What we uncovered is that product or service-driven expansion is crucial to a thriving small business, now additional than ever. The information demonstrates that teams need a very well-described products procedure to empower good results, that the part of Product or service Ops is progressively important, and that aspects like visualization of the roadmap are currently being underestimated in great importance. The report results definitely validate our mission at Craft.io. As we head into 2023, product or service transformation is the key to surviving uncertain financial moments.”

Highlights of the report consist of:

A very well-outlined merchandise system sets teams up for achievements. 26{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of respondents feel a effectively-defined merchandise system is the vital success variable for products teams, and but only 31{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of item groups have a nicely-defined and well-followed merchandise approach in put.
Visualization is a essential element for most effective-in-course roadmapping: 34{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of respondents call out visualization as a main challenge in roadmapping. The bigger the firm, the far more of a struggle, as this number jumps to 41{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} in corporations of 5,000+ staff members.
Product or service Functions is now desk stakes. 98{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of item groups either presently have a Item Ops job in place, or plan to have just one in 2023. In addition, 84{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} concur that Product or service-led Development is important for merchandise results.

Obtain your copy of the 2023 Condition of Merchandise Management Report in this article.

About Craft.io

Founded in 2015, Craft.io is an award-winning merchandise management system enterprises belief to establish excellent electronic items with self confidence. 1000’s of item specialists from firms these as Kimberly-Clark, Marks & Spencer, SAP, Cisco, and Fannie Mae, use Craft.io to take care of the total product or service administration life cycle, make wise solution conclusions, align their groups, and convey to a persuasive product tale.

Call information:
Maya Dror Melamed
[email protected]
www.craft.io

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Resource Craft.io