{"id":6884,"date":"2018-07-25T09:30:00","date_gmt":"2018-07-25T14:30:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=6884"},"modified":"2022-04-05T13:07:34","modified_gmt":"2022-04-05T18:07:34","slug":"secrets-to-delivering-smarter-more-connected-products","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products\/","title":{"rendered":"The Secrets to Become a Top Performing Product Innovator"},"content":{"rendered":"<p>In the <a title=\"\" href=\"https:\/\/info.planview.com\/2018-pi-benchmark-webinar-_webinar_pi_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\">6th Product Portfolio Management Benchmark Study<\/a>, conducted by <a title=\"\" href=\"https:\/\/tech-clarity.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tech-Clarity<\/a> and commissioned by Planview, we discovered what top product innovators are doing throughout the product development process to drive innovation. In this two-part series, we\u2019ll explore the secrets in detail. Read on to learn the first two secrets!<a title=\"\" href=\"https:\/\/info.planview.com\/2018-pi-benchmark-webinar-_webinar_pi_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7235 size-full\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/07\/planview-product-development-webinar-no-date-600x200.jpg\" alt=\"The Surprising Secrets to Delivering Smarter, More Connected Products 6th Product Portfolio Management Benchmark Study\" width=\"600\" height=\"200\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/07\/planview-product-development-webinar-no-date-600x200.jpg 600w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/07\/planview-product-development-webinar-no-date-600x200-300x100.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products\/#Secret_1_It_All_Starts_with_Strategy\" >Secret #1: It All Starts with Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products\/#Secret_2_The_Time_to_Go_Digital_is_Now\" >Secret #2: The Time to Go Digital is Now<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Secret_1_It_All_Starts_with_Strategy\"><\/span>Secret #1: It All Starts with Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Product innovation is key to any company\u2019s strategic initiatives. Without it how does a company grow, distinguish themselves against competitors, or even compete within their market space? When asked about the most pressing concerns of managing a product portfolio, respondents noted the lack of strategy and long-term portfolio vision, and only 23% felt their product portfolio was highly aligned with their company\u2019s strategies and objectives. The absence and misalignment of organizational strategy can lead to key targets not being met throughout product development projects.<\/p>\n<p><em>What percentage of new product development projects meet the targets listed below?<\/em><\/p>\n<p><a href=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-for-blog.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6886\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-for-blog.png\" alt=\"\" width=\"2162\" height=\"930\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-for-blog.png 2162w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-for-blog-300x129.png 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-for-blog-768x330.png 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-for-blog-1024x440.png 1024w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-for-blog-750x323.png 750w\" sizes=\"auto, (max-width: 2162px) 100vw, 2162px\" \/><\/a><\/p>\n<p>In an ever-changing world of technology, organizations need to keep up the pace to ensure they don\u2019t fall behind their competition. Creating a long-term strategic plan while maintaining the ability to adjust and adapt in the moment is the number one secret top performers implement to meet their product portfolio goals.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Secret_2_The_Time_to_Go_Digital_is_Now\"><\/span>Secret #2: The Time to Go Digital is Now<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Smarter, more connected products are disrupting our lives and changing the way we interact with the world around us. As a result, companies are always looking at new ways to enhance their products with technology, which explains why we now have refrigerators that tell you how many eggs you have, let you send notes to your phone to create a shopping list, and connect to your favorite streaming service to watch shows or movies.<\/p>\n<p>With 85% of respondents currently delivering, developing, or considering adding smarter, more connected products, the time to go digital, truly, is now. As you consider how to add technology into your product portfolio, it\u2019s important to understand that the intricacy of these devices will only add challenges to the portfolio management process:<\/p>\n<ul>\n<li>Increased complexity in developing and communicating product roadmaps<\/li>\n<li>More difficult to plan resource capacity across domains<\/li>\n<li>More departments needed to make decisions<\/li>\n<li>Increased risk to meeting launch dates<\/li>\n<\/ul>\n<p>As products continue to digitally transform, companies must do the same to their <a href=\"https:\/\/www.planview.com\/products-solutions\/solutions\/product-innovation-portfolio-management\/\">product portfolio management<\/a> process. Adding new variables to the process increases the inefficiencies of spreadsheets and the risks of lost time, money, and competitive advantage. Realizing the potential of digital transformation within their product lines and internal processes is the second secret of top performers. They understand smarter, more connected products are changing their industry and don\u2019t want to run the risk of losing market share to their competitors.<\/p>\n<p>To hear these secrets in more detail, register for the on-demand webinar and listen to Planview\u2019s Carrie Nauyalis and Tech-Clarity\u2019s Jim Brown discuss the \u201c<a title=\"\" href=\"https:\/\/info.planview.com\/2018-pi-benchmark-webinar-_webinar_pi_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\">The Surprising Secrets to Delivering Smarter, More Connected Products: Findings from the 6th Product Portfolio Management Benchmark Study<\/a>\u201d today!<\/p>\n<p>Check out <a href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/\">part two of this series to find out Secrets 3 \u2013 5<\/a> that top performers are applying throughout the product development process!<\/p>\n<p><a href=\"https:\/\/www.planview.com\/lp\/map-your-product-portfolio-toward-success\/?_ga=2.100822725.512360290.1565620716-1049357371.1559153883&amp;_gac=1.195350750.1564418320.Cj0KCQjwsvrpBRCsARIsAKBR_0I9lYfy1GP58kG71h_G_Paf3LKI5_79pF5wwnAhGdjLSZIoKxQhgmMaAsOpEALw_wcB\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10997 size-full\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM.jpg\" alt=\"Sixth Product Portfolio Management Study Map your Product Portfolio Toward Success\" width=\"1182\" height=\"479\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM.jpg 1182w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM-300x122.jpg 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM-768x311.jpg 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM-1024x415.jpg 1024w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM-750x304.jpg 750w\" sizes=\"auto, (max-width: 1182px) 100vw, 1182px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the 6th Product Portfolio Management Benchmark Study, conducted by Tech-Clarity and commissioned by Planview, we discovered what top product innovators are doing throughout the product development process to drive innovation. In this two-part series, we\u2019ll explore the secrets in detail. Read on to learn the first two secrets! Secret #1: It All Starts with&#8230;<\/p>\n","protected":false},"author":115,"featured_media":6998,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[36],"tags":[],"class_list":["post-6884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Secrets to Become a Top Performing Product Innovator - Planview Blog<\/title>\n<meta name=\"description\" content=\"We found the secrets top product innovators are applying throughout the product development process to drive performance. 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