Product Development

As technology advances, we are beginning to see an emphasis on building smarter devices that fully leverage Artificial Intelligence (AI). However, progress in this direction comes with its own set of unique consequences. For AI to be a valuable asset within our society, it needs to be able to match, if not exceed, the speed of human thinking. This means…

In the last article, we described the Product Design Process, which helps you move from a product concept to a physical product. However, physical prototypes may not always be a feasible or practical solution for product testing and evaluation purposes. For example, think of a new condo development. While a miniature version of the condo might add a nice touch…

In the last article, we discussed why it is important to create a prototype for your product idea before moving into mass production. In this article, we are going to further explore how to efficiently and effectively build the various stages of your prototype. We call this the Product Design process.  Approaching product design in a thoughtful and thorough way will:…

According to data from the McKinsey Global Institute, for every 7 new product ideas, only 4 enter the product development stage, only 1.5 launch, and only 1 succeeds.  As you can see, the odds are against every company when it comes to product development. The big question is - how do you give yourself the best chance of hitting the…